The Pulse: Baton Rouge

Costco Purchases Land and 80m Dollar Apartment Sale

The May 16, 2022 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $100.7M in disclosed volume. The headline deal: 449 Ben Hur Road (LA) Owner LLC, a Chicago-based investor, paid $80.1M ($267,893/unit) for the Exchange of Baton Rouge, a 299-unit complex at Ben Hur Road and Burbank Drive. Multifamily, land and office each accounted for...

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Benny’s Carwash Purchases Two Baker Properties

The May 9, 2022 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $10.7M in disclosed volume. The headline deal: Belvina Investment Group LLC, a California-based investment firm, paid $2.61M ($1,009/SF) for the Popeyes at Greenwell Springs Road and Monterrey Drive. Office led the week with six of the thirteen sales, including two Fresenius Kidney Care...

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Guerrilla Warfare Paintball Purchases 63 Acres on Joor Rd

The May 2, 2022 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $11.6M in disclosed volume. The headline deal: Abigail Associates LLC, a Brooklyn-based investor, paid $3.2M ($939/SF) for the Popeyes on Airline Highway near Greenwell Street. Office led the week with five of the thirteen sales, including the Alpha Building on Goodwood Boulevard, bought...

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Proposed Industriplex Town Homes, Sales Report March 2022

The April 25, 2022 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $3.54M in disclosed volume. The headline deal: Pony Down LLC, for Gulf Coast Occupational Medicine, paid $975K ($7.94/Land SF) for 2.8 acres on Airline Highway next to the company's facility. Land led the week with five of the nine sales, including a commercially...

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28 Million Dollars of Multifamily Sold Last Week, New EV Chargers

The April 18, 2022 issue covers fourteen commercial sales recorded across Baton Rouge the previous week, totaling $33.9M in disclosed volume. The headline deal: Spires of Sherwood Holdings, LLC, for New Jersey-based investment company Ark Mortgage, paid $9.75M ($78,629/unit) for Spires of Sherwood, a 124-unit complex on Old Hammond Highway. Multifamily and retail led with six sales each, as Brooklyn-based...

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Three Self-Storage Properties and Downtown Hotel Sold

The April 11, 2022 issue covers twelve commercial sales recorded across Baton Rouge the previous week, totaling $22.4M in disclosed volume. The headline deal: Baton Rouge Hotel Group LLC, for Mississippi-based investment firm The Thrash Group, paid $7M ($79,545/unit) for the Holiday Inn Express at 400 North Boulevard in downtown Baton Rouge. Self-storage and office properties led the week with...

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Exxon-Kangaroo Express on Jefferson Highway sells for $5.31M

The April 4, 2022 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $12.4M in disclosed volume. The headline deal: Lovango Too LLC, a California-based investor, paid $5.31M ($1,022/SF) for the new Exxon-Kangaroo Express on Jefferson Highway near the I-12 overpass. Industrial led the week with three of the eight sales, including Lewco Specialty Products' $1.8M...

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FDL Health Investors Purchase 6 Properties

The March 28, 2022 issue covers twelve commercial sales recorded across Baton Rouge the previous week, totaling $28.7M in disclosed volume. The headline deal: FDL 8000 Summa LLC, FDL Health Investors, paid $9.66M ($333/SF) for Sage Rehabilitation Hospital on Summa Avenue just off Essen Lane. Healthcare led the week with four of the twelve sales, all bought by Shreveport-based FDL...

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Aspen Apartments Sold and New Proposed Hannah Q

The March 21, 2022 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $7.29M in disclosed volume. The headline deal: a California-based investor paid $2.92M ($812/SF) for the building leased by Affordable Dentures at 3203 South Sherwood Forest Boulevard, on the corner of Justice Avenue. Retail led the week with four of the eight sales, including...

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Multi-Million Dollar Retail and Multifamily Sales

The March 14, 2022 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $22.2M in disclosed volume. The headline deal: The Hive Investors LLC, a local investor, paid $7.9M ($81,443/unit) for the River Palms Condominiums on North Third Street. Multifamily, retail, office and industrial each accounted for three of the thirteen sales, including a California-based investor's...

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