The Pulse: Baton Rouge

New York investors purchase 3 apartment complexes

The April 15, 2024 issue covers ten commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $3.77M in disclosed volume. The headline deal: Fen Xu, owner of EE Kitchen & Bath, paid $1.3M ($135.42/SF) for the company's building on South Sherwood Forest Boulevard. Multifamily led the week with four of the ten sales, including three complexes bought...

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Modern Metals Recycling purchases Prairieville facility

The April 8, 2024 issue covers eight commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $7.55M in disclosed volume. The headline deal: Modern Metals Recycling LLC paid $3.37M ($269.60/SF) for a facility on Airline Highway in Prairieville. Retail led the week with four of the eight sales, while the owner of Robinson Brothers Ford bought the...

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Former antique store with I-12 frontage sells

The April 1, 2024 issue covers three commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $1.42M in disclosed volume. The headline deal: Cothern Enterprises LLC, a local investor, paid $605K ($106.64/SF) for an industrial property on South Harrell's Ferry Road. Industrial accounted for two of the three sales, including one on South Choctaw Drive bought for...

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Zachary mobile home park sells for 2mm

The March 25, 2024 issue covers eight commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $7.18M in disclosed volume. The headline deal: The Mirage Villa Apartments LLC, a group of local investors, paid $2.5M ($32,468/unit) for The Mirage Villa Apartments, a 77-unit complex on Florida Boulevard near Sharp Lane. Multifamily led the week with four of...

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Hotel developers purchase land off Corporate Blvd

The March 18, 2024 issue covers ten commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $7.9M in disclosed volume. The headline deal: 9522 Brookline LLC, a local investor, paid $1.65M ($89.75/SF) for an office building on Brookline Avenue off Drusilla Lane. Office and land led the week with four sales each, including 1.22 acres on West...

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Multi-building retail property sells in Prairieville

The March 11, 2024 issue covers five commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $2.09M in disclosed volume. The headline deal: Lap Nguyen LLC paid $820K ($88.79/SF) for a three-building retail property anchored by the Fat Cat Saloon on Airline Highway in Prairieville. Retail and land accounted for two sales each, while behavioral health rehabilitation...

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Jefferson Lakes apartments sells for 13.75mm

The March 4, 2024 issue covers thirteen commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $32.4M in disclosed volume. The headline deal: Jefferson Lakes Apt LLC paid $13.8M ($46,453/unit) for Jefferson Lakes, a 290-unit apartment complex on Jefferson Highway just off the Airline Highway intersection. Retail led the week with four of the thirteen sales, including...

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Exxon Mobil purchases land off Scenic Hwy

The February 26, 2024 issue covers five commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $2.03M in disclosed volume. The headline deal: RRL Holdings LLC paid $688K ($0.62/Land SF), across three separate transactions, for two vacant land parcels totaling 25+ acres at the intersection of I-10 and Highway 941 in Gonzales. Land and office accounted for...

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Rouzan commercial land sells to Kidz Karousel

The February 19, 2024 issue covers four commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $3.55M in disclosed volume. The headline deal: Kidz Karousel-Rouzan Realty LLC, local early childhood development center Kidz Karousel, paid $1.14M ($19.96/Land SF) for acreage off Perkins Road in the Rouzan Commercial neighborhood. A Florida-based investor bought the Best Child Care daycare...

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Florida entity purchases 5 storage facilities

The February 12, 2024 issue covers thirteen commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $5.44M in disclosed volume. The headline deal: Brock's Real Estate LLC, a Shreveport-based investor, paid $1.83M ($608.33/SF) for a service station near the corner of Greenwell Springs Road and Airline Highway. Self-storage led the week with five of the thirteen sales,...

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