The Pulse BR: 45 Million Dollar Apartment Sale to Virginia Firm

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

Commercial Sales Recorded Last Week

3000 July St
3000 July St

Type: Portfolio
Price: $45,571,200 ($155,004 / Unit)
Buyer: BR1 Holdings LLC
Elifin’s Notes: Virginia-based firm purchase The Bradshaw Apartment complex near the North Gates at LSU.

9771 Jefferson Hwy
9771 Jefferson Hwy

Type: Multifamily
Price: $100 + Other Valuable Consideration
Buyer: Jefferson Shadows Partners LLC
Elifin’s Notes: The Jefferson Shadows Apartments, a 187 unit complex near the Jefferson Hwy and Bluebonnet Blvd intersection, sell to Florida-based investors.

Tract C-1 Old Scenic Hwy
Tract C-1 Old Scenic Hwy

Type: Land
Price: $1,160,000 ($0.20 / Land SF)
Buyer: BGK Investments LLC
Elifin’s Notes: 130+ acres sells in Zachary to local investor.

636 Lakeland Drive
636 Lakeland Drive

Type: Multifamily
Price: $785,000 ($98,125 / Unit)
Buyer: Randall Wayne Grip and Bien Kim Le
Elifin’s Notes: Investor purchases the Plaza Apartments, a 8 unit complex in Spanish Town.

3106 Balis Dr
3106 Balis Dr

Type: Industrial
Price: Withheld
Buyer: Balis Workshops LLC
Elifin’s Notes: South Carolina investors purchase industrial complex on Balis Dr near the College Dr, I-10 intersection. Price withheld.

7945 Airline Hwy
7945 Airline Hwy

Type: Retail
Price: Withheld
Buyer: Blanco’s Tires LLC
Elifin’s Notes: Former Burger King off Airline Hwy near the Tom Dr intersection sells to local investor. Price withheld.


Upcoming Planning Commission Cases

Unified Jewish Congregation of Baton Rouge Expansion

  • Submitted 6/2/2022 by Andre Rodrigue. Proposed expansion of a religious institution on property located on the east side of Parker Street, north of Broussard Street.
  • Plans – Staff Report – Application – View on Map

Commercial Permits Issued Last Week


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.

ELIFIN®
Elifin Realty
marketing@elifinrealty.com
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