The Pulse BR: 299-unit apartment complex sold for undisclosed price

26 May The Pulse BR: 299-unit apartment complex sold for undisclosed price

Posted at 08:17h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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

Commercial Sales Recorded Last Week

3110 College Dr, Baton Rouge, LA 70808

Type: Retail
Price: $2,723,738 ($502.91 / SF)
Buyer: MCP Stable 3110 College Drive Baton Rouge LLC
Elifin’s Notes: A Texas-based investor acquires the Capital One Bank property situated as an outparcel to the Walmart on College Drive.

3006 College Dr, Baton Rouge, LA 70808

Type: Retail
Price: $2,488,899 ($437.96 / SF)
Buyer: MCP Stable 3110 College Drive Baton Rouge LLC
Elifin’s Notes: A Texas-based investor acquires the IHOP restaurant property situated as an outparcel to the Walmart on College Drive.

Tract B-2-A-1-A-2-B-2-A-3 W Lee Dr, Baton Rouge, LA 70820

Type: Land
Price: $1,567,289 ($14.51 / Land SF)
Buyer: Fuego Propco LLC
Elifin’s Notes: Fuego Propco, LLC acquires a 2.4+ acre parcel of vacant commercial land on West Lee Drive between Nicholson & Burbank.

15333 Jefferson Hwy, Baton Rouge, LA 70817

Type: Specialty
Price: $1,000,000 ($52.66 / SF)
Buyer: Iglesia Presencia De Dios Inc
Elifin’s Notes: A private school property changes ownership along Jefferson Highway in Old Jefferson.

12036 Industriplex Blvd, Baton Rouge, LA 70809

Type: Industrial
Price: $920,000 ($99.64 / SF)
Buyer: EJ Sway LLC
Elifin’s Notes: EJ Sway, LLC acquires an industrial property on Industriplex Boulevard.

10060 Mammoth Ave, Baton Rouge, LA 70814

Type: Industrial
Price: $775,000 ($53.74 / SF)
Buyer: Turf Assets, LLC
Elifin’s Notes: An industrial property sells on Mammoth Avenue.

8755 Sullivan Rd (Unit 1), Baton Rouge, LA 70818

Type: Office
Price: $515,000 ($170.93 / SF)
Buyer: MPAC Properties LLC
Elifin’s Notes: MPAC Properties, LLC acquires an office property within the Rome Plaza Office Park off of Sullivan Road.

Tracts A, B Pecue Lane, Baton Rouge, LA 70809

Type: Land
Price: $400,974 ($3.11 / Land SF)
Buyer: Honor Properties I 10 Investments LLC
Elifin’s Notes: Honor Properties purchases a pair of tracts of land, totaling 2.9+ acres, next to their current land holdings running alongside I-10.

13444 Hooper Rd, Baton Rouge, LA 70818

Type: Retail
Price: $380,000 ($197.51 / SF)
Buyer: Peay Properties LLC
Elifin’s Notes: A former bank property changes hands on Hooper Road in Central.

15477 Prairieville Ind Ave, Prairieville, LA 70769

Type: Land
Price: $275,000 ($1.00 / Land SF)
Buyer: CRJ Properties, LLC
Elifin’s Notes: A 6.3+ acre tract of land sells on Causey Road in Prairieville.

609 St Francis Pkwy, Gonzales, LA 70737

Type: Multifamily
Price: Withheld
Buyer: Griffin Capital DST
Elifin’s Notes: The Oaks at Riverbend, a 299-unit multifamily property changes ownership on St. Francis Parkway.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
8225 YMCA PLAZA DR	Existing Bldg – Remodel Only (C) $1,100,000	Phase 1 of 4 phases of an interior apartment complex renovation.	[O] Mark Blumenthal [A] Georgia LaNasa [C] Build Commercial Construction, LLC
10770 N MALL DR	Existing Bldg – Remodel Only (C) $443,880	This is an application for a Commercial Roofing Permit. The project is the reroofing of the Kohls located at 10770 N Mall Dr. No site work.	[O] [A] Patrick DeFors [C] OSR Holding Company LLC – Luke Coleman
5636 STUMBERG LN	Parking Lot Permit (C) $150,000	New construction of parking lot for future 4 building general office complex.	[O] Tommy Parsons [A] Bo Booty [C] BOONE SERVICES,L.L.C.
7939 ESSEN PARK AVE	Existing Bldg – Remodel Only (C) $125,000	(EXPEDITED) Addition of Kitchen & Bar to hotel lobby.	[O] [A] LeeAnn Lueneburg [C] Drury Development Corporation
7930 STE A JEFFERSON HWY	Existing Bldg – Remodel Only (C) $70,000	Interior Remodel (Non-Structural)	[O] [A] Fernando Richard [C] FMR GROUP CORP – Fernando Richard
T 945 GROOM RD	Electrical Permit (C) $50,000	Power for new pump station. Control Panel is set and ready for inspection	[O] [A] Casey McLeod [C] MCLEOD ELECTRIC LLC
4762 PLANK RD	Existing Bldg – Remodel Only (C) $35,000	(EXPEDITED) Remodel to become a restaurant	[O] Tuan Le [A] Chau Pham [C] Do Construction LLC
1919 BOULEVARD DE PROVINCE	Existing Bldg – Remodel Only (C) $30,000	Multifamily Residential There are a total of SIX (6) Units involved in this application. All of them are in Building #2, as the Fire Marshall recommended we apply for one building at a time. They are described on the first and second pages of the documents uploaded, but here they are – Units 135, 137, 138, 140, 141 & 143.	[O] [A] Rick Wheat [C] N/A
17255 S HARRELL’S FERRY RD	Existing Bldg – Remodel Only (C) $20,000	(EXPEDITED) Renovation of an existing 580 Square foot building on the Discovery Campus. Building B.1 only, no site work.	[O] [A] Cecilia Gomes [C] The Lemoine Company, L.L.C
3006 COLLEGE DR	Sign Permit (C) $20,000	sign	[O] [A] Courtney Aguilar [C] Thunderbolt sign co – Thunderbolt sign co
7425 CORPORATE BLVD	Mechanical Permit (C) $18,995	Replace (1) HVAV like for Like 25 Ton RTU – No ductwork or Upgrades. #810	[O] [A] BGIS ITS [C] BGIS Integrated Technical Services US LLC
4041 ESSEN LN	Sign Permit (C) $11,212	Sign- Wall	[O] Lynn Blanchard [A] Aaron Sagona [C] ALTERNATIVE SIGNS & GRAPHICS, L.L.C.
300-400 MILLS AVE	Cell Tower Co-Locate/Ant Change-out (C) $10,000	Modification of existing telecommunications T-Mobile equipment on existing tower. Including pre-existing hpl3 and battery, and Install retrofit kit and SPD for VB.	[O] [A] Rebecca Graf [C] OMNI-TECH SOLUTIONS, L.L.C.
2136 LOBDELL BLVD	Occupancy Permit (C) $69	This building is to control building and breezeway lights in this building and area. Bldg. 6	[O] [A] Tremelle Carney [C] N/A
1707 GARDERE LN	Occupancy Permit (C) N/A	the building main use is operating as a restaurant. Suite A.	[O] Neylin Mujica [A] cory finch [C] N/A
11944 STE D JUSTICE AVE	Occupancy Permit (C) N/A	Roofing company office use. suite D	[O] [A] Rickie Hayes [C] N/A
3079 STE A GOVERNMENT ST	Occupancy Permit (C) N/A	Practice facility for golf using simulators members only. Suite A	[O] Beau Box Management [A] Sean Braswell [C] N/A
1707 GARDERE LN	Occupancy Permit (C) N/A	the main use of the building is used as a restaurant. Suite G	[O] Neylin Mujica [A] cory finch [C] N/A
11944 STE B JUSTICE AVE	Occupancy Permit (C) N/A	Roofing company. Office use. Suite B	[O] [A] Rickie Hayes [C] N/A
8486 HARRY DR	Demolition Permit (C) N/A	DILAPIDATED CHURCH	[O] [A] MICHAEL COOKS [C] N/A
11219 MURIEL AVE	Occupancy Permit (C) N/A	PLACE FOR RESTAURANT	[O] [A] Nelson Armando Najera Morales [C] N/A
10242 PATRIOT DR	Occupancy Permit (C) N/A	product storage (engines and transmissions) Storage ONLY	[O] [A] Scott Marien [C] N/A
11197 MURIEL AVE	Occupancy Permit (C) N/A	RESTAURANT PLACE	[O] [A] Nelson Armando Najera Morales [C] N/A
11229 MURIEL AVE	Occupancy Permit (C) N/A	PLACE FOR RESTAURANT	[O] [A] Nelson Armando Najera Morales [C] N/A
11331 STE A OLD HAMMOND HWY	Occupancy Permit (C) N/A	The previous tenant (dental clinic) has left, so currently it’s a vacant suite, we just need an electrical power inside so we can run the air to prevent deterioration of the appliances inside.	[O] [A] Val Suico [C] N/A
7112 SCENIC HWY	Occupancy Permit (C) N/A	Washateria	[O] Jody Gauthier [A] Jody Gauthier [C] N/A
5309 PLANK RD	Occupancy Permit (C) N/A	Transfer of electricity to new owner. CLEAN AND SHOW	[O] [A] Henry Legendre [C] N/A
7171 STE 4 AIRLINE HWY	Occupancy Permit (C) N/A	BABRBER SHOPNO CONSTURTION WILL BE DONE. Suite #4.	[O] [A] ABDULLAH MUFLAHI [C] N/A
9980 FLORIDA BLVD	Demolition Permit (C) N/A	Demolition	[O] Zach O’Donnell [A] Fathullah Zamani [C] Douglas Cook Ent. – Michael Labat
358 3RD ST	Occupancy Permit (C) N/A	Change Name of Owner Only	[O] [A] Julius McMains [C] N/A
1880 FLONACHER RD	Occupancy Permit (C) N/A	We will be using the building for transloading pellets/resin to a shipping container for export.	[O] Dharmil Patel [A] Dharmil Patel [C] N/A
358 3RD ST	Occupancy Permit (C) N/A	Change name of owner only	[O] [A] Julius McMains [C] N/A
7341 STE J JEFFERSON HWY	Occupancy Permit (C) N/A	Small Commercial office suite in small office complex. My business is mental health counseling.	[O] [A] Sarah Easterly [C] N/A

Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $100,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

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