09 Sep The Pulse: $30m Multifamily Purchase by Colorado Investment Group

Posted at 12:00h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments
A weekly update on the commercial real estate landscape of Baton Rouge.

Commercial Sales Recorded Last Week

11999 Longridge Ave $16,000,000
Buyer: MIMG CLIV Longridge Sub, LLC & MIMG LR4 Longridge, LLC $111,111/Unit
Elifin’s Notes: Colorado based Monarch Investment and Management Group purchase Longridge Apartment complex off of S Sherwood Forest Blvd.
10920 Airline Hwy $14,900,000
Buyer: MIMG CLIV Dove Creek Sub, LLC & MIMG LR4 Dove Creek, LLC $89,759/Unit
Elifin’s Notes: Monarch Investment and Management Group out of Franklin, Colorado purchase Dove Creek apartment complex off Airline near Jefferson Hwy.
13122 S Choctaw Dr $317,500
Buyer: Logan Killen $15.21/SF
Elifin’s Notes: Large warehouse sells near the corner of S Choctaw Dr and N Flannery Rd.
1346, 1356 Main St $220,000
Buyer: Quarels Investments, Inc $44,000/Unit
Elifin’s Notes: Two buildings (1 bedroom, 1 bath fourplex & 3 bedroom. 2 bath former law office) sell near Mid-city.
Tract 38 Airline Hwy $60,000
Buyer: LTMC 2, LLC $0.54/SFofLand
Elifin’s Notes: Bofinger’s Tree Service purchases 2.57 acre lot south of their location at 6952 Airline Hwy.
8190 Perkins Rd $387,500
Buyer: Clark Fitness Properties, LLC $12.71/SFofLand
Elifin’s Notes: Owners of Iron Tribe Fitness location on S. Acadian Thwy purchase lot on Perkins Road near the PetSuites store.
Helm Dr – Laproprei, LLC Portfolio – 1970, 1972 Helm Dr 2030, 2032 Helm Dr 2041, 2043 Helm Dr $129,000
Buyer: Laproprei, LLC $21,500/Unit
Elifin’s Notes: Three duplexes (3 bed, 2 bath units) sell near Gardere Ln.
2112 O’Neal Ln $555,000
Buyer: Oneal Delta, LLC $457/SF
Elifin’s Notes: Convenience store, gas station sells on O’Neal Ln near I-12.
4343 Rhoda Dr $945,000
Buyer: Pelican View Properties, LLC $19/SF
Elifin’s Notes: Foxy’s Fitness Center near Arline Hwy and Alco Ave sells to owner of Premier South Roofing & Sheet Metal.
Tracts 27, 27-B, 27-D, 3-A Airline Hwy $575,000
Buyer: Turner Industries Group $6/SF
Elifin’s Notes: Turner Industries purchases acreage west of their equipment rental facility near the Airline Hwy, I-110 interchange.
7587 Jefferson Hwy Withheld
Buyer: Investar Bank, National Association N/A
Elifin’s Notes: Investar Bank purchases Southern Eye Center location near the corner of Jefferson Hwy and Old Hammond Hwy. Price withheld.
7597 Jefferson Hwy Withheld
Buyer: Investar Bank, National Association N/A
Elifin’s Notes: Investar Bank purchases Southern Eye Center location near the corner of Jefferson Hwy and Old Hammond Hwy. Price withheld.

 

Upcoming Planning Commission Cases

  • Wingstop on Florida Blvd Approved for Alcohol Sales
  • Three Residential Lots Added Near Mallard Crossing and Hoo Shoo Too Lakes Subdivisions
    • Submitted July 30th, 2019 by Mickey Robertson. Three residential lots (1.67 acres each) proposed on existing flag lot on the north side of Hoo Shoo Too Road, and east of Savannah Jane Lane.
    • Application – Staff Report – View on Map

Commercial Permits Issued Last Week

ISSUED ADDRESS TYPE DESCRIPTION OWNER
09/06/2019 7560 BLUEBONNET BLVD BATON ROUGE LA 70810 Occupancy Exterior Lighting Shopping Center Exterior Lighting Shopping Center Bluebonnet Village, LLC
09/06/2019 1254 CENTRAL RD BATON ROUGE LA 70807 Occupancy Training office space. 1440sf Charles Robertson
09/06/2019 10187 TWIN CEDARS ST BATON ROUGE LA 70816 Sign: On Premise Monument sign at 8.15′ by 7.5′. Illuminated. Christal Sylvain
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Apartment Bldg house meter Alex Balsiger
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Apartment building house meter Alex Balsiger
09/06/2019 1724 DALLAS DR BATON ROUGE LA 70806 Occupancy Body Art. 900sf
09/06/2019 7800 Bluebonnet Blvd. Baton Rouge LA 70810 Occupancy Bluebonnet Village Shopping Center – Exterior Sign Bluebonnet Village, LLC
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Apartment BLDG house meter Alex Balsiger
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Need commercial occupancy permit to change ownership of utility account Alex Balsiger
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Apartment complex office building. Alex Balsiger
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Apartment building house meter Alex Balsiger
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Apartment BLDG house meter Alex Balsiger
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Apartment building house meter Alex Balsiger
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Apartment BLDG house meter Alex Balsiger
09/06/2019 15470 AIRLINE HWY BATON ROUGE LA 70817 Occupancy Retail Window and Door Sales Adam Morgan
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Apartment building house meter. Alex Balsiger
09/06/2019 5380 JONES CREEK RD BATON ROUGE LA 70817 Mechanical change out 5-9
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy Apartment building house meter Alex Balsiger
09/06/2019 3043 O’NEAL LN BATON ROUGE LA 70816 Mechanical 2.5 TON 14 SEER CONDENSER EQUAL CHANGE OUT SUDIP BISWAS
09/06/2019 12121 TAMS DR BATON ROUGE LA 70815 Commercial: Remodel Interior renovations to add new ADA compliant restrooms, upgrading existing restrooms to ADA standards in existing EBR Belaire High School, 600 s.f., Educational use. Larry Munson
09/06/2019 11200 INDUSTRIPLEX BLVD BATON ROUGE LA 70809 Occupancy Existing Office Building
09/06/2019 11999 LONGRIDGE AVE BATON ROUGE LA 70816 Occupancy House meter on apartment building Alex Balsiger
09/06/2019 11822 JUSTICE AVE BATON ROUGE LA 70816 Occupancy Existing Office Space
09/06/2019 11822 JUSTICE AVE BATON ROUGE LA 70816 Occupancy Existing Office space
09/05/2019 7979 ESSEN PARK AVE BATON ROUGE LA 70809 Occupancy Hotel / Motel
09/05/2019 5534 STE A GALERIA DR BATON ROUGE LA 70816 Occupancy Motivator, life coaching, financial, influencer. Office space. 500sf Paul Herman
09/05/2019 1969 LOBDELL BLVD BATON ROUGE LA 70806 Occupancy Office space. Storage space. Missions.
09/05/2019 646 N FOSTER DR BATON ROUGE LA 70806 Occupancy Existing commercial tenants Angela Smith
09/05/2019 7584 BLUEBONNET BLVD BATON ROUGE LA 70810 Occupancy Common Area Lights House Meter Exterior Lighting Shopping Center Bluebonnet Village, LLC
09/05/2019 12010 STE 101 LAKELAND PARK BLVD BATON ROUGE LA 70809 Occupancy Learning and development of educational training courses Roy Maughan
09/05/2019 7750 BLUEBONNET BLVD BATON ROUGE LA 70810 Occupancy Exterior Building Lights @ Existing Shopping Center Bluebonnet Village, LLC
09/05/2019 7580 BLUEBONNET BLVD BATON ROUGE LA 70810 Occupancy Exterior Lighting @ Existing Retail Shopping Center Bluebonnet Village, LLC
09/05/2019 10655 STE A FLORIDA BLVD BATON ROUGE LA 70815 Electrical tree fell riser damage
09/05/2019 9724 GREENWELL SPRINGS RD BATON ROUGE LA 70814 Commercial: New New construction to existing Business to add new ATM island, with new electrical service, and new canopy structure over the ATM kiosk. Install a light pole and clearance bar…consuming 8 parking bays on existing parking lot.
09/05/2019 5211 ESSEN LN BATON ROUGE LA 70809 Occupancy: Clean Existing business clean & show GEORGE MURRELL
09/05/2019 11234 FLORIDA BLVD BATON ROUGE LA 70815 Electrical Rebuild of existing electrical service Emergency reconnect Stephen  Harrison
09/05/2019 6751 TITIAN AVE BATON ROUGE LA 70806 Occupancy Existing Apartments. House light Ryan Bodin
09/05/2019 1718 BLOUIN AVE BATON ROUGE LA 70808 Gas Test gas test Donald Spicer
09/05/2019 8261 G SUMMA AVE BATON ROUGE LA 70809 Occupancy Office Space Jason Marien
09/05/2019 646 N FOSTER DR BATON ROUGE LA 70806 Occupancy Commercial tenants Angela Smith
09/05/2019 2080 LOBDELL BLVD BATON ROUGE LA 70806 Gas Test Ran gas feeds for dryers to building 4, 10, 16, 22, 33, 35. There is a gas meter on all the bldgs except 4. There are 3 gas feeds to 6 dryers in each bldg 33 and 35. There is 1 gas feed to a 2 dryers each in bldgs. 4, 10, 16,and 22. I calculated fixture Latter and Blum Mary
09/05/2019 1553 COLUMBUS DUNN DR BATON ROUGE LA 70802 Electrical Weather head damage by falling tree Minor Bell
09/05/2019 7800 Bluebonnet Blvd Baton Rouge LA 70810 Occupancy Exterior Lighting @ Shopping Center Bluebonnet  Village, LLC
09/05/2019 2063 DALLAS DR BATON ROUGE LA 70806 Demolition Demolition of an old commercial building exterior walls, slab to remain. Dan  Williams
09/04/2019 2932 SCENIC HWY BATON ROUGE LA 70805 Occupancy Auto repair shop. Douglas George
09/04/2019 2515 O’NEAL LN BATON ROUGE LA 70816 Commercial: Remodel Renovation of existing remodel permits (ste 1: 50763, ste 2: 51338 ste 3: 53478) to combine into a new 4,300 s.f. Business for Dental Office Ste 1-2-3. No more than 3 nitrous oxide stations. Darrell  Bourg
09/04/2019 7415 CORPORATE BLVD BATON ROUGE LA 70806 Occupancy Company Showroom Joe Lindenmayer
09/04/2019 2700 FUQUA ST BATON ROUGE LA 70802 Demolition Demolition of entire structure of the East Baton Rouge Parish Elementary School
09/04/2019 7332 HIGHLAND RD BATON ROUGE LA 70808 Occupancy General office space
09/04/2019 670 O’NEAL LN BATON ROUGE LA 70816 Sign: On Premise Pylon sign 10′ by 10′. Illluminated.
09/04/2019 11204 PLANK RD BATON ROUGE LA 70811 Occupancy Used Car Sales Jason  Helmke
09/04/2019 7670 REALTORS AVE BATON ROUGE LA 70806 Occupancy Warehouse for clothing and shoes
09/04/2019 1755 WOODDALE BLVD BATON ROUGE LA 70806 Occupancy: Clean Clean & show. 4000sf Mike Jarreau
09/04/2019 5252 HALLS FERRY DR BATON ROUGE LA 70817 Electrical Replacing rusted out underground service riser Sam Greenwood
09/04/2019 15939 MILLDALE RD ZACHARY LA 70791 Electrical change out outside breaker panel due to burnt wires Todd McKey
09/03/2019 628 NORTH BLVD BATON ROUGE LA 70802 Sign: Political District Judge, Division C Joe Prokop
09/03/2019 4308 LAKE LIMESTONE DR BATON ROUGE LA 70816 Electrical Power disconnect scheduled for the morning of Tues Sept 10th for a service change. Can we please schedule an inspection that afternoon so we can get power restored for customer. Thank you, have a great day. Warren  Mayeux
09/03/2019 6645 HARRY DR BATON ROUGE LA 70806 Occupancy Apartment Complex house meter
09/03/2019 6875 HARRY DR BATON ROUGE LA 70806 Occupancy Existing apartment house lights
09/03/2019 7467 ANTIOCH RD BATON ROUGE LA 70817 Land Clearing Land clearing in anticipation of future development.
09/03/2019 2924 STE B6 BRAKLEY DR BATON ROUGE LA 70816 Occupancy Small Office Robert Morris
09/03/2019 8224 SUMMA AVE BATON ROUGE LA 70809 Occupancy general office george waters
09/03/2019 6951 EXCHEQUER DR BATON ROUGE LA 70809 Occupancy Wholesale office space. 3500sf
09/03/2019 10330 AIRLINE HWY BATON ROUGE LA 70816 Occupancy Salon & Spa Services. 1200sf
09/03/2019 3060 LAUREL PLANTATION AVE BATON ROUGE LA 70820 Electrical Replace Meter Base ONLY not associated with generator Valarie Blunt
09/03/2019 6645 HARRY DR BATON ROUGE LA 70806 Occupancy Apartment Complex house meter
09/03/2019 6875 HARRY DR BATON ROUGE LA 70806 Occupancy Existing Apartments
09/03/2019 18349 Bellingrath Lakes Greenwell Springs LA 70739 Sign: Political Assessor
09/03/2019 10770 JEFFERSON HWY BATON ROUGE LA 70816 Sign: On Premise 1 refacing existing pylon sign cabinets at 2.55′ by 20.90′ and 3.31′ by 16.91′, 1 wall sign at 4’6.025 by 5’2.1875. Illuminated. GARY HOLLAND
09/03/2019 1543 STE 15 DELPLAZA DR BATON ROUGE LA 70815 Occupancy Music Studio Donald Anderson
09/03/2019 3346 B DRUSILLA LN BATON ROUGE LA 70809 Occupancy Storage for Weddings
09/03/2019 300 NORTH BLVD BATON ROUGE LA 70802 Sign: Political 19th JDC Beau Higginbotham
Elifin Realty
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