The Pulse BR: 57 Room Siegen Inn sells for 3.85mm

24 Apr The Pulse BR: 57 Room Siegen Inn sells for 3.85mm

Posted at 08:37h 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

10707 Honore Lane

Type: Hospitality
Price: $3,850,000 ($67,544 / Unit)
Buyer: Ishwar Krupa 2023 LLC
Elifin’s Notes: Siegen Inn, a 57 room hotel off Siegen Lane, sells to Denham Springs buyer.

5151 S Sherwood Forest Blvd

Type: Retail
Price: $1,700,000 ($79.07 / SF)
Buyer: La-Z-Boy Incorporated
Elifin’s Notes: La-Z-Boy Inc purchases the local franchise location on S Sherwood Forest Blvd.

1575 Lobdell Ave

Type: Retail
Price: $600,000 ($109.09 / SF)
Buyer: Ira-Faye Investments LLC
Elifin’s Notes: J. Allan’s, a Brookhaven-based interior design and furniture store, purchases commercial building on the corner of Lobdell Ave and La Salle Ave.

601 St Charles St

Type: Office
Price: $365,000 ($154.01 / SF)
Buyer: T3 Global Projects LLC
Elifin’s Notes: Beauregard Town office building sells to local investor.

6130 Renoir Ave

Type: Retail
Price: $169,600 ($28.27 / SF)
Buyer: Signature Properties LLC
Elifin’s Notes: Commercial property sells near the corner of Renoir Ave and N Ardenwood Dr.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
2027 N HARCO DR	Commercial: Remodel $2,335,825	(Expedited) Interior renovation of an existing office space to create second floor with a 6,000 sq.ft. building addition at the rear.	[O] Josh Davis [A] Ritter Maher [C] Build Commercial Construction, LLC
15045 PERKINS RD	Commercial: Complete Interior $689,369	Partial Interior build out of the lobby, elevator, electrical room stairwell and rough in future plumbing. No Mechanical work.	[O] Don Oster [A] [C] SALCO CONSTRUCTION, INC.
6401 BLUEBONNET BLVD	Commercial: Shell $530,000	Interior renovation of Suite 1214 and the suite above, to create SHELL for future two story retail tenant build out by others. Structural Supports, Slab repairs, Demising wall, Fire Sprinklers, Electrical, Framing & Drywall, Doors and Hardware	[O] [A] Kim Hartshorn [C] Culp Construction Company
10330 AIRLINE HWY, STE A1	Commercial: Remodel $250,000	(Expedited) Interior renovations to an existing 1467 sq. ft. suite. Scope of work includes mechanical, plumbing and electrical modifications.	[O] Darren Aschaffenburg [A] Britany Wethey [C] Vieyra Framing, LLC
761 COLONIAL DR	Commercial: Complete Interior $225,000	Interior Renovation of existing clinic.	[O] Allison Daigle [A] Joshua Hoffpauir [C] N/A
8585 ARCHIVES AVE	Commercial: Remodel $200,000	(Expedited) Interior Tenant Renovations to 3rd floor Sec. of State space at XII United Plaza	[O] Joe Goudeau [A] Martha Salomon [C] STIRLING PROPERTIES, L.L.C. – Goudeau, Joseph L. III
10330 AIRLINE HWY, STE A1	Commercial: Remodel $150,000	(Expedited) Interior renovations to 1500 sq. ft. existing suite. Scope of work includes Mechanical, Electrical and Plumbing modifications. Suite B-5	[O] Darren Aschaffenburg [A] Britany Wethey [C] Vieyra Framing, LLC
8585 ARCHIVES AVE	Commercial: Remodel $100,000	(Expedited) Interior Tenant renovation to the 2nd floor Sec of State space at XII United Plaza	[O] joe goudeau [A] martha salomonl [C] STIRLING PROPERTIES, L.L.C.
4378 GOVERNMENT ST	Commercial: Remodel $47,000	(Expedited) Interior remodeling of existing commercial building for a Hair Salon.	[O] Amanda Norman [A] Amanda Norman [C] Jonathan Michael Schexnayder
17033 MONITOR AVE	Solar $41,000	Installation of solar panels	[O] Heather Jackson [A] Vince Moore [C] ADT Solar LLC – Philip Maguire
2013 RED STICK DR	Solar $25,082	Installation of Solar Panels	[O] ADT Solar LLV [A] Jamila Freightman [C] ADT Solar LLC – ADT Solar LLC
6856 TITIAN AVE	Commercial: Remodel $20,000	Remodel and change of an existing occupancy to a Assembly Occupancy Group A3 3,700 sq. ft. building Church. Work includes minor work for aesthetics (painting, drywall, trim) also includes plumbing and electrical.	[O] Venicia Alvarado [A] Venicia Alvarado [C] BRANDEL CONSTRUCTION, INC.
6596 GOODWOOD AVE	Small Lot Grading $10,000	Construction of earthen pad for future home, 234 cubic yards of soil to placed and compacted	[O] Terry Hebert [A] David Hebert [C] Terry Hebert
6300 CORPORATE BLVD	Fence $8,620	Construct appx. 283 lineal feet of 6 ft tall wood privacy fence with no gates.	[O] True Webb [A] Jordan Roussel [C] Picou Brothers Construction Company – Jordan Roussel
8732 PECAN TREE DR	Fence $2,500	Installation of 6′ Wood Fence & Servitude Encroachment	[O] Haley Simmons [A] Haley Simmons [C] Wilmer Hernandez
21333 LIGON RD	Manufactured Home Permit: Relocation $2,000	Trailer relocation	[O] Tremaine smith [A] [C] N/A
5637 Superior Dr.	Commercial: New $1,500	Electric for Suite B1	[O] laci roberson [A] Laci Robeson [C] N/A
11445 STE G COURSEY BLVD	Commercial: Change in Occupancy N/A	Custom apparel Ste G & Ste H need to be faxed together.	[O] Aaron Pearson [A] Aaron Pearson [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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