19 Apr The Pulse: Block on Government Street Sold for 1.1m

Posted at 08:24h 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

5734 S Sherwood Forest Blvd
Price: $347,000 ($86 / SF)
Buyer: Phamily N Co
Elifin’s Notes: Fully leased, 3-suite retail property sells off S Sherwood Forest Blvd just north of the Airline Hwy intersection.

No Office Sales last week in EBR Parish

 

No Multifamily Sales last week in EBR Parish

 

Land Sales

Tracts W-3-A-1, X Greenwell Springs Rd
Price: $300,000 ($0.09 / Land SF)
Buyer: Ivey Construction, LLC
Elifin’s Notes: Local investor purchases 72+ acres near the corner of Greenwell Springs Rd and Joor Rd.
7919 Airline Hwy
Price: Withheld
Buyer: Saint Peter Holdings LLC
Elifin’s Notes: Local investor purchases vacant lot south of the S Choctaw Dr intersection. Price withheld.

Industrial Sales

11236 Pennywood Ave
Price: $700,000 ($96 / SF)
Buyer: High Key Properties LLC
Elifin’s Notes: Climate controlled office/warehouse sells off Siegen Lane in the Cloverland industrial neighborhood.
11800 Industriplex Blvd, Suite 12
Price: $425,000 ($65 / SF)
Buyer: AZSRM Properties LLC
Elifin’s Notes: Industrial suite sells in the Metrocenter II complex off Industriplex Blvd near the Exchequer Dr intersection.
2444 Dumont Dr
Price: $839,000 ($18 / SF)
Buyer: JPR Members LLC
Elifin’s Notes: The owners of Assured Flooring and Countertops purchases 3 office/warehouse buildings from Siemens Corporation off S Choctaw Dr.

Portfolio Sales

2544 Government St
Price: $1,175,000 ($147 / SF) ($29.97 / Land SF)
Buyer: 2544 Government Street Owner LLC
Elifin’s Notes: Neill, an Aveda Salon partner out Hammond, purchase 4 commercial buildings and 2 residential properties in the heart of Mid-City.

 

Upcoming Planning Commission Cases

Rezoning for Auto Mechanic Shop
  • Submitted on 3/25/2021 by George Taylor. Proposed rezoning from B1 (Transition) to HC1 (Heavy Commercial) for auto mechanic shop on N Foster near Airline Hwy.
  • Application –  View on Map

 

Commercial Permits Issued Last Week

04/16/2021 // 13061 GREAT TERN AVE BATON ROUGE LA 70810
  • Type: Commercial: New
  • Description: NEW Construction of 7,978 s.f. 2 STORY OFFICE BLDG WITH 4 TENANT SPACES and Parking to serve.
  • Owner: CARLOS ALVAREZ
04/16/2021 // 10525 S MALL DR BATON ROUGE LA 70809
  • Type: Commercial: Remodel
  • Description: Interior renovation of existing 5,175 s.f. clothing store (M) into a new nail salon Business Use.
  • Owner: N/A
04/15/2021 // 7171 STE 2 AIRLINE HWY BATON ROUGE LA 70812
  • Type: Occupancy
  • Description: Boutique Store
  • Owner: Van (Michael) Pham
04/15/2021 // 5685 N FOSTER DR BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: Existing 400 Sq. Ft Building intended for Office use only
  • Owner: Gary Turner
04/15/2021 // 1900 Main St Baton Rouge LA 70801
  • Type: Occupancy
  • Description: existing warehouse/transportation warehousing
  • Owner: Chris Rinaudo
04/15/2021 // 5913 BLUEBONNET BLVD BATON ROUGE LA 70809
  • Type: Electrical
  • Description: Pull (4) new dedicated 24/7 circuits to Appliance Home Environment in-line Lowbay Gondolas from Panel. (3) circuits for inline and (1) circuit for Dyson End Cap. Pipe run from panel to roof deck, MC from deck to J-boxes or hard pipe as required.
  • Owner: Lisa Sobie
04/15/2021 // 10467 AIRLINE HWY BATON ROUGE LA 70816
  • Type: Electrical
  • Description: Strip mall
  • Owner: Victor Vines
04/15/2021 // 3535 STE 305 PERKINS RD BATON ROUGE LA 70808
  • Type: Commercial: Remodel
  • Description: (EXPEDITED) New proposed veterinary care office and managers office in an existing 11,223 s.f. PETCO store (Business Group B and Mercantile Group M). Scope of work includes electrical, mechanical and plumbing as well as minor repairs, minor modifications and electrical work within remaining store area.
  • Owner: Stephen Hartley
04/15/2021 // 2310 SCENIC HWY BATON ROUGE LA 70802
  • Type: Occupancy
  • Description: Existing restaurant and bar.
  • Owner: Torrey Lewis
04/15/2021 // 6112 PINO ST BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: Personal Storage
  • Owner: Alfreda Watkins
04/14/2021 // 7539 CORPORATE BLVD BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: Cell phone repair/sale of accessories.
  • Owner: Stephen Keller
04/14/2021 // 11903 STE A COURSEY BLVD BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Record Store.
  • Owner: Giovanni Mucciacciaro
04/14/2021 // 8600 ANSELMO LN BATON ROUGE LA 70810
  • Type: Commercial: Remodel
  • Description: EXPEDITED) Renovation – Installation of underground heat trace system to replace existing failed glycol loop system used to keep below slab soil from freezing under existing cooler warehouse.
  • Owner: Kurt Caillouet
04/14/2021 // 4100 S SHERWOOD FOREST BLVD BATON ROUGE LA 70816
  • Type: Occupancy: Clean
  • Description: Clean and show.
  • Owner: RICHARD HEDLEY
04/14/2021 // 1907 CLOVERDALE AVE BATON ROUGE LA 70808
  • Type: Electrical
  • Description: Electric Vehicle Installation, required adding a 240V outlet
  • Owner: Heidi Walker
04/14/2021 // 5329 DIJON DR BATON ROUGE LA 70808
  • Type: Occupancy: Clean
  • Description: Clean and show.
  • Owner: Ray Williams
04/14/2021 // 11939 BRICKSOME AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New tenant in existing office space. Office for financial consultation.
  • Owner: Tanya Estep
04/14/2021 // 1698 WOODDALE CT BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: New tenant in existing office/warehouse. Auto detailing.
  • Owner: James Myers
04/14/2021 // 7744 LASALLE AVE BATON ROUGE LA 70806
  • Type: Demolition
  • Description: Demolition of a burned commercial 4-plex Condo.
  • Owner: Terry Babin
04/14/2021 // 7600 AIRLINE HWY BATON ROUGE LA 70814
  • Type: Occupancy
  • Description: New tenant in existing office space. Business incubator to lease out office spaces.
  • Owner: Bridget Bryant
04/14/2021 // 8731 COY AVE BATON ROUGE LA 70810
  • Type: Occupancy
  • Description: existing fourplex
  • Owner: Tevin Wade
04/14/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Office for apartment complex.
  • Owner: MTH Management
04/14/2021 // 5329 DIJON DR BATON ROUGE LA 70808
  • Type: Occupancy: Clean
  • Description: Clean and show.
  • Owner: Ray Williams
04/13/2021 // 2444 DUMONT DR BATON ROUGE LA 70815
  • Type: Occupancy
  • Description: Office and storage of flooring tiles/countertop marble.
  • Owner: Jessie Harrell
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: House meter / electrical only!
  • Owner: MTH Management
04/13/2021 // 11939 BRICKSOME AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New tenant in existing office space. Financial consultation office.
  • Owner: Tanya Estep
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: House Meter / Electrical only
  • Owner: MTH Management
04/13/2021 // 11939 BRICKSOME AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New tenant in existing office space. Financial consulting office.
  • Owner: Tanya Estep
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 8312 STE 5 JEFFERSON HWY BATON ROUGE LA 70809
  • Type: Occupancy: Clean
  • Description: Vacant building, clean and show
  • Owner: William Mullins
04/13/2021 // 449 BEN HUR RD BATON ROUGE LA 70820
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: Allison Samba
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11894 DARRYL DR BATON ROUGE LA
  • Type: Occupancy
  • Description: Warehouse use for flooring tile and countertop granite.
  • Owner: Jessie Harrell
04/13/2021 // 449 BEN HUR RD BATON ROUGE LA 70820
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meters/ Electrical only
  • Owner: Allison Samba
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11939 BRICKSOME AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Financial consulting company purchased building to occupy
  • Owner: Mark Estep
04/13/2021 // 449 BEN HUR RD BATON ROUGE LA 70820
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: Allison Samba
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 2454 DUMONT DR BATON ROUGE LA 70815
  • Type: Occupancy
  • Description: Warehouse use for flooring tile and countertop granite.
  • Owner: Jessie Harrell
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: House Meter/Electrical only
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 449 BEN HUR RD BATON ROUGE LA 70820
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: Allison Samba
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: House meter/ Electrical only -Office
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 449 BEN HUR RD BATON ROUGE LA 70820
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: Allison Samba
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 10444 N MALL DR BATON ROUGE LA 70809
  • Type: Commercial: Remodel
  • Description: Renovation/improvements of 4,178 s.f. gasoline sales canopy structure, underground tanks, and new sales/kiosk bldg. and site work to serve existing 10 lane fuel sales at existing big box retail for continued Mercantile sales.
  • Owner: N/A
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 8330 SCENIC HWY BATON ROUGE LA 70807
  • Type: Occupancy
  • Description: Seafood Market, will be cooking – has kitchen.
  • Owner: Shametria Lavergne
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 1651 THIBODEAUX AVE BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: New tenant in existing office space. Office space for Cypress Title
  • Owner: Johnny McKay
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 5700 FLORIDA BLVD BATON ROUGE LA 70806
  • Type: Demolition
  • Description: Demolition of 3 drive through lanes and canopy approximately 1200 square feet
  • Owner: N/A
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 449 BEN HUR RD BATON ROUGE LA 70820
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: Allison Samba
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/13/2021 // 11888 LONGRIDGE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing apartment complex. House meter/electrical only.
  • Owner: MTH Management
04/12/2021 // 10634 STE A N OAK HILLS PKWY BATON ROUGE LA 70810
  • Type: Occupancy
  • Description: Existing Dental Office changing ownership.
  • Owner: Leslie Hargrove
04/12/2021 // 345 N ACADIAN THWY BATON ROUGE LA 70806
  • Type: Commercial: Remodel
  • Description: Existing Restaurant Relocating Kitchen Hood System
  • Owner: Akram Abuhammad
04/12/2021 // 1528 N FOSTER DR BATON ROUGE LA 70806
  • Type: Commercial: Remodel
  • Description: Build out space for a 1200sq ft NAIL SALON.
  • Owner: Sabrina Tran
04/12/2021 // 6010 STE C JONES CREEK RD BATON ROUGE LA 70817
  • Type: Occupancy
  • Description: New tenant/business in existing salon space.
  • Owner: Treasure Green
04/12/2021 // 1805 S SHERWOOD FOREST BLVD BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New owner of existing shopping center. House meter/electrical only.
  • Owner: Carter Kronlage
04/12/2021 // 18303 PERKINS RD E BATON ROUGE LA 70810
  • Type: Commercial: Complete Interior
  • Description: Complete Interior renovation of an existing tenant unit shell space approximately 1,900 SF (Business Group B). Scope of work to include dining area, milkshake prep area, office, back of house, and men’s and women’s restrooms. Scope of work also includes converting two existing parking spacing, out front, for outside uncovered dining by adding planters for barriers and tables with chairs.
  • Owner: Marc Couvillon
04/12/2021 // 2040 GAYOSA ST BATON ROUGE LA 70802
  • Type: Commercial: Remodel
  • Description: Renovation of an 8,084 s.f. 1 story existing brick and steel framed building for administrative offices and tenant support areas adjoining New Construction of 110 Unit, 4 story apartment complex, including generator and paved on-site parking, (SEE PERMIT 118474 for New Construction).
  • Owner: Victor Smeltz
04/12/2021 // 5428 STUMBERG LN BATON ROUGE LA 70816
  • Type: Gas Test
  • Description: Gas Test Suite B
  • Owner: Woodlawn Family Health Clinic
04/12/2021 // 4547 FLORIDA BLVD BATON ROUGE LA 70806
  • Type: Mechanical
  • Description: Change out 4 roof top units at AutoZone
  • Owner: N/A
04/12/2021 // 6151 PLANK RD BATON ROUGE LA 70805
  • Type: Mechanical
  • Description: Changing out 5 roof top package units at AutoZone
  • Owner: Auto Zone
04/12/2021 // 2040 GAYOSA ST BATON ROUGE LA 70802
  • Type: Commercial: New
  • Description: New construction of 110 Unit, 103,620 s.f. 4 story apartment complex and paved on-site parking and generator. Renovation of an adjoining 8,084 s.f. 1 story existing brick and steel framed building for administrative offices and tenant support areas (SEE PERMIT 118848 for renovation).
  • Owner: Victor Smeltz
Elifin Realty
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