11 Jan The Pulse: 20 Commercial Sales including Kingston Point Apartments for 8.8mm

A weekly update on the commercial real estate landscape of Baton Rouge.

Commercial Sales Recorded Last Week

1919 Boulevard De Province
Price: $8,800,000 ($56,774 / Unit)
Buyer: 1919 Boulevard De Province 2020 LLC
Elifin’s Notes: Cedar Grove Capital purchases Kingston Point Apartments, a 155 unit complex at the corner of Blvd de Province and N Harrell’s Ferry.

3325 Monterrey Dr
Price: $2,000,000 ($41,667 / Unit)
Buyer: Monterrey Management LLC
Elifin’s Notes: Local investor purchases Monterrey Townhomes, a 48 unit complex located on Monterrey Dr between Greenwell Springs Rd and S Choctaw Dr.

1084 Monet Dr
Price: $465,000 ($16,607 / Unit)
Buyer: Jody Meckluch
Elifin’s Notes: A California-based investor purchases Monet Townhouses off Lobdell near Florida Blvd.

16255 Highland Rd
Price: $1,195,000 ($86 / SF)
Buyer: DTF Land Development LLC
Elifin’s Notes: Local investor purchases Highland Road property that houses several retail buildings.

15380 George Oneal Rd
Price: $525,000 ($176 / SF)
Buyer: King Pho and Cafe LLC
Elifin’s Notes: Restaurant space sells near the corner of George Oneal Rd and Jones Creek Rd.

8686 Florline Blvd
Price: $264,000 ($26 / SF)
Buyer: Dan MacRae
Elifin’s Notes: Former mattress firm store near Cortana sells to investor.

13440 Tiger Bend Rd
Price: $110,000 ($59 / SF)
Buyer: Tiger Bend Landmark LLC
Elifin’s Notes: Kenner investor purchases convenience store on the corner of Tiger Bend Rd and Old Jefferson Hwy.

7423 Picardy Ave, Suites 1B, 2B
Price: $210,000 ($70 / SF)
Buyer: Intangibles LLC
Elifin’s Notes: Local investor purchases two suites at the Colony House Office Condominium at the corner of Picardy Ave and Dijon Dr.

1206 Florida Blvd
Price: $145,000 ($52 / SF)
Buyer: American Postal Workers Union-Local 174
Elifin’s Notes: Office building sells off Florida Blvd at N 12th St.

Land Sales

Tract 1 Sullivan Rd
Price: $1,400,000 ($9.08 / Land SF)
Buyer: ALDI Inc Tennessee
Elifin’s Notes: German-based grocer ALDI purchases 3.5 acres in Central at the Shoe Creek Development site.

11650 Coursey Blvd
Price: $300,000 ($7.06 / Land SF)
Buyer: Sunrise International Holdings LLC
Elifin’s Notes: Lafayette investor purchases vacant lot near the corner of Coursey Blvd and S Sherwood Forest Blvd.

Industrial Sales

2160 E Flonacher Rd
Price: $800,000 ($30 / SF)
Buyer: Fabex Properties, LLC
Elifin’s Notes: Trade Construction Company president purchases Fabex Inc facility in Zachary.

13111 Plank Rd
Price: $800,000 ($33 / SF)
Buyer: AB OPCO LLC
Elifin’s Notes: A New York-based investment firm purchases industrial property in Baker.

13011 S Choctaw Dr
Price: $503,745 ($25 / SF)
Buyer: Walter St LA, LLC
Elifin’s Notes: Canadian-based company, Walter Surface Technologies, purchases Drillco Cutting Tools facility on S Choctaw as part of their acquisition of the company.

11969 N Harrells Ferry Rd
Price: $495,000 ($55 / SF)
Buyer: EdgeForm LLC
Elifin’s Notes: Former machine shop sells on N. Harrells Ferry at I-12.

7539 E Industrial Ave
Price: $200,000 ($43 / SF)
Buyer: J316 Holdings LLC
Elifin’s Notes: The president of Alabama-based, telecommunications service provider company Hurricane Electronics purchases Tri-Parish Communications facility near the intersection of Airline Hwy and S Choctaw Dr.

6722 Bicentennial Pl
Price: Withheld
Buyer: Terminal Logistics II Bicentennial Drive SPE LLC
Elifin’s Notes: Maryland-based investment firm purchases truck terminal / transit facility at the end of Bicentennial Pl off Airline Hwy. Price withheld.

1140 Myrtle St
Price: Withheld
Buyer: Daigle Ice, Inc
Elifin’s Notes: Daigle Ice purchase their facility on Myrtle St next to I-110. Price withheld.

Mixed-Use Sales

13073 Plank Rd
Price: $800,000 ($38 / SF)
Buyer: AB OPCO LLC
Elifin’s Notes: A New York-based investing firm purchases Baker property that contains an office building and 3 industrial structures.

Self-Storage Sales

8691 Sullivan Rd
Price: $675,000 ($31 / SF)
Buyer: Radiant Central City LLC
Elifin’s Notes: Radiant Storage, a 175 unit mini-storage facility, sells in Central near the Lake After Hours.

Upcoming Planning Commission Cases

Commercial Permits Issued Last Week

• Type: Mechanical
• Description: Remove old system and upgrade heating and cooling to a new 5-ton system and reconnect existing ductwork and return
• Owner: Mary Johnson

• Type: Gas Test
• Description: 250.00 250.00
• Owner: Drew Hall

• Type: Solar
• Description: Installing a 11.05kW PV solar system on the existing roof
• Owner: Morgan Morell

• Type: Occupancy
• Description: New tenant in existing office/spa space. Being used as a day spa with massage tables. No plumbing being added.
• Owner: Matthew Shirley

• Type: Electrical
• Description: CORRECT WIRING FOR SERVICE
• Owner: KEITH TILLAGE

• Type: Occupancy
• Description: New tenant in existing office/warehouse. Car care/repair.
• Owner: William Humphreys

• Type: Electrical
• Description: 200 amp service for light with a 110 circuit. Security lights to entrance to the subdivision.
• Owner: Salvador Coniglio

• Type: Commercial: Remodel
• Description: Interior renovation of 1,306 s.f., Ste 6, for Business office use.
• Owner: Kru Patel

• Type: Occupancy
• Description: New tenant in existing medical clinic. Vaccination clinic.
• Owner: N/A

• Type: Occupancy
• Description: New tenant in existing office space. Admin office for landscaping company.
• Owner: David Ray

• Type: Solar
• Description: Install 8.25kW DC grid tie solar PV system on existing roof
• Owner: Javier Martinez

• Type: Commercial: Remodel
• Description: Renovation and change of occupancy from Business office use to Assembly, A-2, of suite space A of 2,520 s.f. Includes removing existing hood and replacing with new hood; reusing existing ductwork, fans, E and P.. FIRE SUPPRESSION INSPECTION.
• Owner: JASON KHODER

• Type: Solar
• Description: Installing a 11.7kW PV solar system on the existing roof
• Owner: Morgan Morell

• Type: Electrical
• Description: CORRECT WIRING OF SERVICE
• Owner: KEITH TILLAGE

• Type: Gas Test
• Description: home. need gas meter upgrade. adding pool heater to an existing gas line.
• Owner: robin gaspard

• Type: Occupancy
• Description: New tenant in existing office/warehouse. Pest Control business with office and storing equipment.
• Owner: frank breaux

• Type: Gas Test
• Description: Commercial gas test
• Owner: Ryan Miller

• Type: Electrical
• Description: Replace Meter Can
• Owner: Ellen Daugherty

• Type: Commercial: Remodel
• Description: Renovation to roof structure and to remove existing drive thru structure, of existing 2,000 s.f. bank bldg. for continued Business occupancy. Demolish existing drive thru and canopy structure and return roof to original conditions (113178).
• Owner: Joan Gogreve

• Type: Commercial: Remodel
• Description: Renovation existing water park (Phase III) to include 1,776 s.f.: renovations of 865 s.f. of existing bldg. to convert to new ticket booth, corridor, staff break room/office spaces, addition of 911 s.f. for Business use,. and new entrance queue sidewalk. 200 s.f.? vs. 1776
• Owner: Brett Wallace

• Type: Electrical
• Description: change panel and circuits
• Owner: Monica Jones

• Type: Plumbing
• Description: RESIDENTIAL HOT WATER HEATER REPLACEMENT W/ FINAL INSPECTION
• Owner: RON HIGGINS

• Type: Occupancy: Clean
• Description: Clean and show – office space.
• Owner: Richard Juge

• Type: Occupancy
• Description: Mental health counseling private practice office
• Owner: Paul Herman

• Type: Electrical
• Description: Replacing 150 amp Zinsco panel with a 40-circuit 150 amp main breaker panel.
• Owner: Chandler Willis

• Type: Solar
• Description: Solar Panel Installation of 180kw system on existing roof structure
• Owner: N/A

• Type: Commercial: Complete Interior
• Description: (Expedited) Renovate a portion of an existing lobby and finish an interior buildout of the shell space on the 5th floor of an existing office building.
• Owner: James Britsch

• Type: Plumbing
• Description: RESIDENTIAL HOT WATER REPLACEMENT WITH FINAL INSPECTION
• Owner: ANNE KEOGH

• Type: Commercial: Complete Interior
• Description: An educational interactive Aquarium / Zoo with Exhibit Spaces, Retail Gift Shop, Private Party Room, Activity Play Equipment, and aquarium filtration and support space totaling 15,591 s.f.
• Owner: N/A

• Type: Solar
• Description: 180kw solar rooftop system on existing storage shed
• Owner: N/A

• Type: Occupancy: Clean
• Description: Clean and show for existing office space by owner.
• Owner: Randy Thayer

• Type: Commercial: New
• Description: New construction of 3,600 s.f. metal bldg. for storage of landscape trucks and equipment, S-1 use.
• Owner: Antonio Simmons

• Type: Solar
• Description: Installing 12 4.26kw Solar Panels on existing roof
• Owner: Scott Hardy

• Type: Electrical
• Description: Correct Wiring
• Owner: Matthew Holmes

• Type: Electrical
• Description: replace rusted underground service conduit
• Owner: Ben Fontenot

• Type: Occupancy
• Description: New owner of existing convenience store/gas station.
• Owner: naeem awan

• Type: Occupancy
• Description: Tobacco shop
• Owner: Terry White

• Type: Electrical
• Description: repair service from tree damage/emergency reconnect
• Owner: Larry Harris

• Type: Occupancy
• Description: RESIDENTIAL
• Owner: Gerald bolden

• Type: Commercial: Remodel
• Description: Renovations to convert two (220 sf) corridor end spaces on the 4th and 5th floors into Conference rooms (Business use within I-2); located within the existing Woman’s Hospital footprint. (440 sf total renovated space).
• Owner: Jamie Donaldson

• Type: Occupancy
• Description: New tenant in existing office space, female health consultation.
• Owner: Rina llc

• Type: Electrical
• Description: Changing a 100 amp service to 200 amp the house Already has an existing sub panel inside that will Not be tampered with
• Owner: Robert Vavasseur

• Type: Occupancy
• Description: New tenant in existing office space for business resource center.
• Owner: Stefanie Ashford

• Type: Commercial: Remodel
• Description: Renovation of existing unfinished suites A and B of 2,920 s.f. on the ground floor level of an existing 6 story podium style apartment building. The ground floor and the 1st floor areas house the parking. Suites A and B can be accessed from the sidewalk. THIS permit is specific to Ste. A only of 565 s.f. for multipurpose use. Business occupancy. (Floors 1&2 Type IA Construction.)
• Owner: John Hearin

• Type: Commercial: Parking Lot
• Description: Parking Lot Permit for proposed commercial development intended for an office complex. 5 proposed buildings to total 23,505s.f.
• Owner: William FaKouri

• Type: Occupancy
• Description: New tenant in existing office/warehouse. Home services and vehicle storage.
• Owner: Patrick Noel

• Type: Mechanical
• Description: REPLACE 4T LENNOX FURN, CASED COIL AND CDU
• Owner: CLAIRE VERMAELEN

• Type: Occupancy
• Description: Residental
• Owner: Shaquita Everette

• Type: Occupancy
• Description: New tenant in what has previously been a beauty/hair salon. Being used as a barbershop and beauty salon.
• Owner: ERIC CARTER

• Type: Occupancy
• Description: New tenant in existing retail store. Selling sports cards & collectibles/memorabilia.
• Owner: Adam Tower

• Type: Occupancy
• Description: HVAC sheet metal shop.
• Owner: Coty Manuel

• Type: Occupancy
• Description: existing fourplex
• Owner: John Queen

• Type: Electrical
• Description: Replace Service
• Owner: Meagan Arnold

• Type: Fence
• Description: 310 linear feet 5′ black aluminum with 3 gates completely surrounding resident’s back yard
• Owner: N/A

• Type: Occupancy
• Description: New tenant in existing restaurant, serving alcohol.
• Owner: Stefanie Ashford

• Type: Commercial: Remodel
• Description: Interior remodel of an existing 1958 square foot suite. Suite to become an urgent healthcare facility. Suite 9.
• Owner: David Dykes

• Type: Fence
• Description: 95′-8 of fence on left side of lot (parallel to Trottier St.) Wood fence with brick columns every ~16′.
• Owner: dominick sparacino

• Type: Occupancy
• Description: Apartment Complex
• Owner: Kelsey Jeansonne

• Type: Occupancy
• Description: House meter for apartment complex office.
• Owner: Denise Bruno

• Type: Occupancy
• Description: New tenant in existing office space. Single artisan designing, fabricating, and repairing fine jewelry – offering appraisals by appointment.
• Owner: Al Jones

• Type: Commercial: New
• Description: Placement of mobile batch concrete plant. This concrete plant will be used for the DOTD on-ramp project as well as the MovEBR road program. No new buildings or structures to be constructed at this site. Installing Sewer Treatment Plant.
• Owner: N/A

• Type: Electrical
• Description: BLDG. 10 METER PACK CHANGE OUT INCLUDING APTS 1001 – 1008 & HOUSE METER
• Owner: N/A

• Type: Commercial: New
• Description: New Construction of 4,880 sf bldg. for Business office use (replacing a previous demolished bldg.), and renovation of plaza and parking to front of church. (See CUP 4-20 approved.) (Demolition of existing church office (of 12,000 s.f.) anticipated: Permit not pulled as of 12/4/20 No. ???)
• Owner: Michael Alello

• Type: Electrical
• Description: change out main with 11 new meters disconnett and reconnect
• Owner: N/A

• Type: Occupancy
• Description: Clean and show by owner for existing office/warehouse.
• Owner: charyl Hearin

• Type: Occupancy
• Description: existing fourplex
• Owner: John Queen

• Type: Occupancy
• Description: Personal property painted , yard done
• Owner: James Goods

• Type: Commercial: Remodel
• Description: (Expedited) Commercial Remodel, Interior renovation to create a large training room & relocated break room.
• Owner: N/A

• Type: Fence
• Description: 360 foot of 6 foot pine fence
• Owner: Tim Elkins

• Type: Occupancy
• Description: house over 1 year old
• Owner: Felicia Williams