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

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

Commercial Sales Recorded Last Week

10707 Honore Lane
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
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
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
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

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 Realty
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