28 Dec The Pulse: 47 Million Dollar Multifamily Sale and Rezoning on Highland for Bed & Breakfast

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

Commercial Sales Recorded Last Week

5010 Mancuso Lane
Price: $47,500,000 ($219,907 / Unit)
Buyer: Citiscape Essen LLC
Elifin’s Notes: Citiscape at Essen apartments purchased by multi-family investor Jakob Medve.

728 North Blvd
Price: $550,000 ($97 / SF)
Buyer: MMO Group, LLC
Elifin’s Notes: MMO Group purchases corporate office building on North Blvd.

11736 Newcastle Ave
Price: $467,500 ($83 / SF)
Buyer: Newcastle PD, LLC
Elifin’s Notes: Investor purchases two-building office park and excess land in Sherwood Forest Blvd corridor.

8178 Innovation Park Dr
Price: $455,000 ($31 / SF)
Buyer: Red Horse Infrastructure Group LLC
Elifin’s Notes: Office / warehouse complex on Innovation Dr sells to Red Horse Infrastructure Group.

16969 Jefferson Hwy
Price: $435,000 ($216 / SF)
Buyer: B & R Concepts, LLC
Elifin’s Notes: Former bank branch building at the intersection of Jefferson Hwy and Highland Rd.

5280 Groom Rd
Price: $104,000 ($16 / SF)
Buyer: C6 Holdings LLC
Elifin’s Notes: Bethany World Prayer Center sells office building on Groom Rd in Baker.

2112 O’Neal Lane
Price: $959,000 ($656 / SF)
Buyer: Wayne R. & Patricia Meling Declaration of Trust
Elifin’s Notes: Illinois investors purchased Take 5 oil change property on O’Neal Lane.

12167 Coursey Blvd
Price: $335,000 ($140 / SF)
Buyer: Rainey Coursey LLC
Elifin’s Notes: Former Mobile Glass Co building on Coursey Blvd purchased by Bayou Pawn & Jewelry owner.

4085 Florida Blvd
Price: $153,800 ($26 / SF)
Buyer: Village Kidz Early Learning Center LLC
Elifin’s Notes: Vacant retail building on the corner of Florida Blvd and Roselawn Ave sells to an early learning center.

Burbank Dr__Tracts A33B, W2, Y, Z
Price: $2,675,000 ($0.32 / Land SF)
Buyer: America Homeland LLC
Elifin’s Notes: Local developer purchases acreage off of Burbank Dr near S Kenilworth Pkwy.

7446 Sullivan Rd
Price: $990,000 ($1.47 / Land SF)
Buyer: PRICECO WEST
Elifin’s Notes: Price Leblanc Family purchases land in Central.

7538 Sullivan Rd
Price: $680,000 ($2.69 / Land SF)
Buyer: PRICECO WEST
Elifin’s Notes: Price Leblanc Family purchases land in Central.

7075 Airline Hwy
Price: $240,000 ($27 / SF)
Buyer: All Star Properties LLC
Elifin’s Notes: Local investor purchases office/warehouse property on Airline Hwy north of Greenwell Springs Rd.

Upcoming Planning Commission Cases

Commercial Permits Issued Last Week

• Type: Occupancy
• Description: New tenant in existing office/warehouse. Art/sculpture restoration (no welding, just brush painting).
• Owner: 11616 CM Properties

• Type: Occupancy
• Description: New tenant in existing auto repair shop.
• Owner: Maricely Ramos

• Type: Commercial: Remodel
• Description: Renovation/change of occupancy from Business to R-2: levels 10-21 to Include 144 rental apt. units including facade modifications & new unit balconies. And New construction of penthouse w/pool & pool deck level above the existing roof level. New elevator and existing stair to be extended, between level 21 and new Pool/penthouse level. New stair to be added to connect the pool deck level with the existing stair 1. Existing S. tower built in 1967: Southern Bldg. Code, fireproof cast in place concrete Construction; new construction will be type I-A; Level 2 per 2015 IEBC change of Occupancy w/ alterations below 50% of building area. Refer to g2.106 for work Area calculations. THIS permit is for level 20 (13,726 s.f. R2 & 1,834 s.f. S-2) 12 apt. units.
• Owner: Ted Terrell

• Type: Gas Test
• Description: commercial gas test
• Owner: Patrick Herring

• Type: Occupancy
• Description: Car sales.
• Owner: Darryl Howard

• Type: Occupancy
• Description: New tenant in existing office space – accounting.
• Owner: Edward Jackson

• Type: Electrical
• Description: change pot 9 pack meter center building 7 apts 702 even thru 716
• Owner: clk mangement

• Type: Electrical
• Description: change out six pack meter center building 12 apt 71-76
• Owner: patricia mangment

• Type: Electrical
• Description: Installing pole for warehouse
• Owner: N/A

• Type: Occupancy
• Description: New tenant in existing food catering business.
• Owner: Samih omar

• Type: Occupancy
• Description: Office space and warehouse to store work truck and equipment.
• Owner: N/A

• Type: Occupancy
• Description: Express DMV
• Owner: Kenya Ferchaud

• Type: Commercial: New
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for the enclosed SOUTH GARAGE of 2,513 s.f..
• Owner: N/A

• Type: Occupancy
• Description: New tenant in existing pharmacy.
• Owner: HARVEY SMITH

• Type: Commercial: Remodel
• Description: distribution warehouse-Add training room to office
• Owner: Jimmy Ivancic

• Type: Occupancy
• Description: Administrative office.
• Owner: BEN JAKOB

• Type: Commercial: Parking Lot
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for the parking lot and site work including two detention ponds ONLY. SEE 94751 for UPLOADED DRAWINGS and associated documents.
• Owner: N/A

• Type: Commercial: New
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for Bldg. 5 (Type 1) of 32,504 s.f., 3 story, 24 units. SEE 94751 for UPLOADED DRAWINGS and associated documents.
• Owner: N/A

• Type: Commercial: New
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for the enclosed NORTH GARAGE of 2,513 s.f.
• Owner: N/A

• Type: Commercial: New
• Description: New construction of 289,139 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve . THIS permit is for Bldg. 2 (Type 1) of 32,504 s.f., 3 story, 24 units. SEE 94751 for UPLOADED DRAWINGS and associated documents.
• Owner: N/A

• Type: Commercial: New
• Description: New construction of 289,139 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for Bldg. 3 (Type 1) of 32,504 s.f., 3 story, 24 units.. SEE 94751 for UPLOADED DRAWINGS and associated documents.
• Owner: N/A

• Type: Commercial: New
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for the Clubhouse bldg. (A-2/Business Use) of 4,105 s.f., single story. SEE 94751 for UPLOADED DRAWINGS and associated documents.
• Owner: N/A

• Type: Occupancy
• Description: New tenant in existing office warehouse.
• Owner: Oliver Cage

• Type: Commercial: New
• Description: New construction of 289,139 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for Bldg. 1 (Type 1) of 32,504 s.f., 3 story, 24 units. (SP 1-11-18)
• Owner: N/A

• Type: Commercial: New
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for Bldg. 6 (Type 1) of 32,504 s.f., 3 story, 24 units. SEE 94751 for UPLOADED DRAWINGS and associated documents.
• Owner: N/A

• Type: Occupancy
• Description: Outside car wash and detailing with inside sitting area.
• Owner: Dakota Givens

• Type: Commercial: New
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for the 70 s.f. covered Mail Kiosk.
• Owner: N/A

• Type: Commercial: New
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for Bldg. 8 (Type 1) of 32,504 s.f., 3 story, 24 units. SEE 94751 for UPLOADED DRAWINGS and associated documents.
• Owner: N/A

• Type: Commercial: Remodel
• Description: Minor renovation to Mitigation to remediate water damage. Repair and replace damaged sheetrock and insulation. There are no electrical issues.
• Owner: William Daniel

• Type: Commercial: Remodel
• Description: (Expedited)
• Owner: Michael Hogstrom

• Type: Commercial: New
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for Bldg. 4 (Type 2) of 24,932 s.f., 3 story, 24 units. SEE 94751 for UPLOADED DRAWINGS and associated documents.
• Owner: N/A

• Type: Commercial: New
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for Bldg. 7 (Type 1) of 32,504 s.f., 3 story, 24 units. SEE 94751 for UPLOADED DRAWINGS and associated documents.
• Owner: N/A

• Type: Commercial: New
• Description: New construction of 294,165 s.f. multi-family apartment bldg. complex, with 9 proposed apartment bldgs., clubhouse bldg., and parking/site work to serve THIS permit is for Bldg. 9 (Type 1) of 32,504 s.f., 3 story, 24 units. SEE 94751 for UPLOADED DRAWINGS and associated documents.
• Owner: N/A

• Type: Occupancy
• Description: New tenant in existing office/warehouse – being used for storage only.
• Owner: Walter McCann