27 Dec The Pulse: 52 Million Dollar Apartment Sale and Developer Buys Land on Nicholson

Posted at 09:46h 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

3232 S Sherwood Forest Blvd
Price: $2,750,000 ($61 / SF)
Buyer: EFCU Financial Federal Credit Union
Elifin’s Notes: EFCU Financial Federal Credit Union purchases two story office building on S Sherwood Forest Blvd.
9253 Airline Hwy
Price: $220,000 ($122 / SF)
Buyer: Smith Holdings LLC
Elifin’s Notes: Royal Nissan owner purchases neighboring office building on Airline Hwy as the dealership is updating and expanding their lot.
4242 Government St
Price: $833,000 ($100 / SF)
Buyer: R3 Properties LLC
Elifin’s Notes: Local investor purchases office building in Mid-City.
12015 Justice Ave
Price: $250,000 ($87 / SF)
Buyer: Pine Park Plaza Properties LLC
Elifin’s Notes: Local investor purchases Justice Ave office building.
18212 E Petroleum Dr, Unit 6
Price: $616,720 ($208 / SF)
Buyer: Fundamentally Sound Management LLC
Elifin’s Notes: Office building sells in the Highland Office Plaza to the director of the LaPlace-based Neuro Muscular Medical Associates.
6767 Perkins Rd
Price: $6,850,000 ($424 / SF)
Buyer: Louisiana Municipal Association
Elifin’s Notes: Louisiana Municipal Association purchases Perkins Rd office building across the street from Pennington Biomedical Research Center.
7424 Picardy Ave
Price: $469,106 ($57 / SF)
Buyer: O & B Properties, LLC
Elifin’s Notes: Office sells in the medical district near the OLOL hospital.
7250 Perkins Road
Price: $52,200,000 ($197,727 / Unit)
Buyer: Mansions on Perkins LLC
Elifin’s Notes: Mansions in the Park, a 264 unit apartment complex on Perkins Rd, sells to local investor.
5711 S Sherwood Forest Blvd
Price: $336,000 ($175 / SF)
Buyer: Campus Federal Credit Union
Elifin’s Notes: Campus Federal Credit Union purchases their location on S Sherwood Forest Blvd.
4167 Choctaw Dr
Price: $175,000 ($65 / SF)
Buyer: B & T Seafood and Grocery LLC
Elifin’s Notes: Restaurant sells on the corner of Choctaw Dr and Bartlett St.
6435 Winbourne Ave
Price: $120,000 ($91 / SF)
Buyer: Minh Kien Chung
Elifin’s Notes: Husband and wife purchase former Cracker Barrel convenience store location on Winbourne Ave.
9679 Airline Hwy
Price: $3,850,000 ($1,273 / SF)
Buyer: MD Real Estate LLC
Elifin’s Notes: A newly constructed Murphy Express on the corner of Airline Hwy and Old Hammond Hwy sells to Denver-based investor. (Image of site before construction of Murphy Express)

Portfolio Sales

1731 Ryder Dr
Price: $1,260,000 ($70,000 / Unit)
Buyer: The Ryder 18 LLC
Elifin’s Notes: Local investor purchases 3 neighboring multifamily properties just off Staring Lane.

Industrial Sales

13214 Plank Rd
Price: $275,000 ($25 / SF)
Buyer: LA Central Sheet Metal & Roofing LLC
Elifin’s Notes: Industrial property on 4+ acres sells on Plank Rd in Baker.
10172 Mammoth Ave
Price: $710,000 ($57 / SF)
Buyer: Optimize Solutions LLC
Elifin’s Notes: Optimize EGS, a Generac generator installer and servicer, purchases industrial office/warehouse facility previously owned by the Coastal Corrosion Control.

Land Sales

Tract C-2-A-3-A-2 Nicholson Dr
Price: $2,600,000 ($3.43 / Land SF)
Buyer: Baton Rouge University Grove LLC
Elifin’s Notes: Local developer purchases 17+ acres on Nicholson Dr near the Ben Hur Rd intersection.
2863 O’Neal Lane
Price: $600,000 ($3.61 / Land SF)
Buyer: Brusly Food Mart of Louisiana LLC
Elifin’s Notes: Brusly Food Mart purchases 3.82 acres on O’Neal Lane just north of the S Harrell’s Ferry Rd intersection.

Upcoming Planning Commission Cases

Proposed ISPUD Rezoning for River House Apartments
  • Submitted on 12/1/2021 by Andre Rodrigue. Proposed high density multi-family residential development on property located at the southwest intersection of Nicholson Drive and Oklahoma Street. Proposed rezoning from C2 to ISPUD.
  • Application – View on Map

Commercial Permits Issued Last Week

12/23/2021 // 501 MAIN ST BATON ROUGE LA 70801
  • Type: Occupancy
  • Description: Its a booth inside of a market. we’re using the location as a restaurant we sell subs and salads
  • Owner: Houston Sturdevant
12/23/2021 // 9681 AIRLINE HWY BATON ROUGE LA 70815
  • Type: Occupancy: Clean
  • Description: Clean & Show
  • Owner: Missy Brown
12/23/2021 // 9681 AIRLINE HWY BATON ROUGE LA 70815
  • Type: Occupancy: Clean
  • Description: Clean & Show . office
  • Owner: Missy Brown
12/23/2021 // 1144 STEELE BLVD BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: Need elec and gas – rent house has been sold, need to move into the residence, remodel and addition not started
  • Owner: Ginny Barr
12/23/2021 // 3033 TALL TIMBERS RD BATON ROUGE LA 70816
  • Type: Gas Test
  • Description: res gas test
  • Owner: tom lamparter
12/23/2021 // 12087 STE B OLD HAMMOND HWY BATON ROUGE LA 70815
  • Type: Occupancy
  • Description: Office
  • Owner: Alicia Alabi
12/22/2021 // 7673 PERKINS RD BATON ROUGE LA 70810
  • Type: Occupancy
  • Description: retail store
  • Owner: Chelsey Wong
12/22/2021 // 12045 COURSEY BLVD BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: General Dental Office, Acquisition of an existing dental office.
  • Owner: Darrell Bourg
12/22/2021 // 12045 COURSEY BLVD BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Dental Office. Acquisition of an existing dental office.
  • Owner: Darrell Bourg
12/22/2021 // 10503 N OAK HILLS PKWY BATON ROUGE LA 70810
  • Type: Commercial: New
  • Description: New construction of 990 s.f. porte cochere/bus canopy serving existing conference/training center to replace former, now demolished, structure with new lighting and paving. Utility use.
  • Owner: Adam Werth
12/22/2021 // 12045 COURSEY BLVD BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: General Dentistry. This was an acquisition of an existing dental office.
  • Owner: Darrell Bourg
12/22/2021 // 2862 N FOSTER DR BATON ROUGE LA 70805
  • Type: Electrical
  • Description: Repair/replace meter pan
  • Owner: Steven Binning
12/22/2021 // 12475 FLORIDA BLVD BATON ROUGE LA 70815
  • Type: Occupancy
  • Description: restaurant
  • Owner: Jorge Joseph Lopez
12/22/2021 // 11713 PLANK RD BATON ROUGE LA 70811
  • Type: Gas Test
  • Description: Gas test to get meter unlocked so they can use the HVAC
  • Owner: Emseter Haifa
12/22/2021 // 7171 WINBOURNE AVE BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: Beauty Salon
  • Owner: Joanna Nugyen
12/22/2021 // 6401 BLUEBONNET BLVD BATON ROUGE LA 70836
  • Type: Commercial: Remodel
  • Description: Relocation of existing Mall Fire Corridor between suite 2066 & 2068.
  • Owner: Eric Parnell
12/22/2021 // 1245 PASTUREVIEW DR BATON ROUGE LA 70810
  • Type: Gas Test
  • Description: This is a gas line for a future gas whole house generator.
  • Owner: Branko Dragovic
12/22/2021 // 5131 O’DONOVAN DR BATON ROUGE LA 70808
  • Type: Commercial: Remodel
  • Description: (Expedited Review) Tenant build-out for new medical office (business)
  • Owner: Paula Sonnier
12/22/2021 // 162 LEE DR BATON ROUGE LA 70808
  • Type: Occupancy: Clean
  • Description: Clean and view
  • Owner: Fred Grace
12/22/2021 // 744 RIVERVIEW DR BATON ROUGE LA 70816
  • Type: Electrical
  • Description: 200 amp service
  • Owner: Conza Harvey
12/22/2021 // 7091 PERKINS PLACE CT BATON ROUGE LA 70808
  • Type: Electrical
  • Description: We are removing an existing main lug 4 bank meter service and incoming feeders/conduit, and installing a new 400 amp main lug single phase 3 wire 4-bank side by side outdoor rated meter center with four 100 amp main breakers, new grounding system and new 2 1/2 inch service entry conduit.
  • Owner: Lillian Lo
12/22/2021 // 12834 WALES ST BATON ROUGE LA 70815
  • Type: Electrical
  • Description: Rebuild service riser on home
  • Owner: Seth Chandler
12/22/2021 // 3401 PLANK RD BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: Office
  • Owner: Alicia Alabi
12/21/2021 // 1860 BOULEVARD DE PROVINCE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Vacant unit electric turn on
  • Owner: N/A
12/21/2021 // 1100 S FOSTER DR BATON ROUGE LA 70806
  • Type: Electrical
  • Description: change out 8 pack meter center build 11 apt 67
  • Owner: N/A
12/21/2021 // 9432 COMMON ST BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Office
  • Owner: Amy Crochet
12/21/2021 // 6124 CYRUS AVE BATON ROUGE LA 70805
  • Type: Gas Test
  • Description: Gas test to get gas turned back on
  • Owner: Kerwanda Tobin
12/21/2021 // 13353 SUNSHINE RD BATON ROUGE LA 70811
  • Type: Gas Test
  • Description: Gas Test
  • Owner: Forbe Myers
12/21/2021 // 5616 STRATFORD AVE BATON ROUGE LA 70808
  • Type: Gas Test
  • Description: Gas pressure test
  • Owner: Brenda Butler
12/21/2021 // 7580 BLUEBONNET BLVD BATON ROUGE LA 70810
  • Type: Commercial: Parking Lot
  • Description: Parking Lot Improvements (repaving, striping and re-alignment) to an existing parking lot located in the Bluebonnet Villages. Existing drainage and lighting to remain.
  • Owner: John Holtmann
12/21/2021 // 9432 COMMON ST, BATON ROUGE, LOUISIANA, 70809 BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Office
  • Owner: Amy Crochet
12/21/2021 // 5353 JONES CREEK RD BATON ROUGE LA 70817
  • Type: Occupancy
  • Description: hair salon
  • Owner: Pamela Cucullu
12/21/2021 // 13001 JUSTICE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: radio station
  • Owner: Ken Noble
12/21/2021 // 9432 COMMON ST BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Office
  • Owner: Amy Crochet
12/21/2021 // 160 S DONMOOR AVE BATON ROUGE LA 70806
  • Type: Electrical
  • Description: Repair burnt lug in meter pan and ready for inspection
  • Owner: Damien Salassi
12/21/2021 // 730 O’NEAL LN BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Restaurant
  • Owner: Lucia Catano
12/21/2021 // 8301 NED AVE BATON ROUGE LA 70820
  • Type: Occupancy
  • Description: Left side of a duplex
  • Owner: Charles Grand
12/21/2021 // 9432 COMMON ST BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Office
  • Owner: Amy Crochet
12/21/2021 // 16697 PORT HUDSON-PRIDE RD PRIDE LA 70770
  • Type: Commercial: Remodel
  • Description: Renovation to existing ATC cell tower to add AT&T co-location including new Satn 72-C WIC equipment shelter, proposed chain wall design w stair landing, ice bridge, proposed 200A meter & disconnect on WIC cabinet. Future 20 KW Kohler Generator, etc. by others.
  • Owner: N/A
12/21/2021 // 4271 W BROOKSTOWN DR BATON ROUGE LA 70805
  • Type: Commercial: Remodel
  • Description: Remodel of Unit 6, in 5500 s.f. apartment building, from fire damage in 2017. Scope of work includes new sheetrock/insulation, electrical wiring/fixtures, plumbing fixtures and adding window a/c units. Replacing floors, doors and trim.
  • Owner: Ashley Handy
12/21/2021 // 17000 MEDICAL CENTER DR BATON ROUGE LA 70816
  • Type: Commercial: Remodel
  • Description: (Expedited) REMOVE EXISTING MORGUE REFRIGERATION UNIT AND REPLACE. MINOR DEMOLITION WORK. INSTALL NEW FINISHES, GRILLES, AND LIGHTS. AUTOPSIES ARE NOT PERFORMED IN THIS FACILITY.
  • Owner: James Britsch
12/21/2021 // 6750 HARRY DR BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: existing apartment Lights have been off in unit for over 6 months and Entergy needs a permit to turn lights on.
  • Owner: Melba Chatman
12/21/2021 // 13635 MARY EDITH PL BATON ROUGE LA 70809
  • Type: Plumbing
  • Description: HWH REPLACEMENT WITH INSPECTION
  • Owner: PHILLIP ADDY
12/21/2021 // 3222 GILBERT DR BATON ROUGE LA 70809
  • Type: Fence
  • Description: Fence demo and replace.
  • Owner: Connie Abboud
12/21/2021 // 9432 COMMON ST BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Office
  • Owner: Amy Crochet
12/21/2021 // 8485 MADRID AVE BATON ROUGE LA 70814
  • Type: Gas Test
  • Description: Commercial gas test
  • Owner: N/A
12/21/2021 // 1455 W CHIMES ST BATON ROUGE LA 70802
  • Type: Plumbing
  • Description: HWH REPLACEMENT WITH FINAL INSPECTION
  • Owner: ARDITH LECKEY
12/21/2021 // 4271 W BROOKSTOWN DR BATON ROUGE LA 70805
  • Type: Commercial: Remodel
  • Description: Remodel of Unit 2, in 5500 s.f. apartment building, from fire damage in 2017. Scope of work includes new sheetrock/insulation, electrical wiring/fixtures, plumbing fixtures and adding window a/c units. Replacing cabinetry, floors, doors and trim.
  • Owner: Ashley Handy
12/21/2021 // 2084 S SHERWOOD FOREST BLVD BATON ROUGE LA 70816
  • Type: Commercial: Remodel
  • Description: Renovation of 50,395 s.f. sprinkled building for retail liquidation store (M Use). NO alcohol sales.
  • Owner: BASHAR AHMAD
12/20/2021 // 12392 PLANK RD BATON ROUGE LA 70811
  • Type: Occupancy
  • Description: Gas Station with convenience (same use)
  • Owner: Ammar Ziadeh
12/20/2021 // 9554 OLD HERMITAGE PKWY BATON ROUGE LA 70810
  • Type: Fence
  • Description: Fence
  • Owner: Jacqueline Jackson
12/20/2021 // 4385 GOVERNMENT ST BATON ROUGE LA 70806
  • Type: Commercial: Remodel
  • Description: Addition of 355 sq. ft. storage room with platform seating above for training youths in bike repair in bike sales business, Mercantile use. Seating for 49.
  • Owner: Dustin Lafont
12/20/2021 // 15839 COUNCIL AVE BATON ROUGE LA 70817
  • Type: Gas Test
  • Description: GAS TEST
  • Owner: FANNIE MAE
12/20/2021 // 1543 STE 12 DELPLAZA DR BATON ROUGE LA 70815
  • Type: Occupancy
  • Description: Tax Preparation, Copies, Faxes
  • Owner: Eadrean Payne
12/20/2021 // 6611 WINBOURNE AVE BATON ROUGE LA 70805
  • Type: Commercial: New
  • Description: Installation of 6 Modular building for Educational Use. This permit is for the modular building placement of 735 s.f. for daycare use. (Bldg. 1), Parking Lot and Site-work. Business use, Office/Reception area.
  • Owner: CARRIE ANGELETTI
12/20/2021 // 2275 STE A O’NEAL LN BATON ROUGE LA 70816
  • Type: Gas Test
  • Description: Gas Company pulled meter and requested test.
  • Owner: Rollins McKey
12/20/2021 // 11919 SUNRAY AVE BATON ROUGE LA 70816
  • Type: Occupancy: Clean
  • Description: clean and show
  • Owner: Taylor Jernigan
12/20/2021 // 23150 HUGHES RD ZACHARY LA 70791
  • Type: Electrical
  • Description: Repaired neutral wire in meter can DEMCO has already turned on power
  • Owner: Ruby Cade
12/20/2021 // 4283 WHITEHAVEN ST BATON ROUGE LA 70808
  • Type: Solar
  • Description: Installing 15 LG375 modules, 15 Enphase inverters and 1 Enphase battery to existing roof
  • Owner: Stephanie Broyles
12/20/2021 // 483 LITTLE JOHN DR BATON ROUGE LA 70815
  • Type: Electrical
  • Description: Install new 100 amp Service panel and Meter. Will require a disconnect and reconnect from entergy. The house is occupied and need to be reconnected the same day.
  • Owner: LaCree Butler
12/20/2021 // 6054 SAINT GERARD AVE BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: residential rental unit
  • Owner: Ricky Berry
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