The Pulse BR: 732-Unit Arlington Cottages and Townhomes sells

30 Dec The Pulse BR: 732-Unit Arlington Cottages and Townhomes sells

Posted at 09:38h 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

5423 S Sherwood Forest Blvd, Baton Rouge, LA 70816

Type: Retail
Price: $4,251,123 ($588.64 / SF)
Buyer: Maxwell Properties L P
Elifin’s Notes: Maxwell Properties purchases the former Neighbors Credit Union property on the corner of S Sherwood Forest Blvd and Market Place Ave.

8900-9070 Parkway Dr, Baton Rouge, LA 70810

Type: Land
Price: $3,125,000 ($2.56 / Land SF)
Buyer: Lynn Levy Land Company LLC
Elifin’s Notes: Lynn Levy Land Company, in one of two similar transactions this past week, acquires a 28+ acre parcel of vacant land near the intersection of Burbank Drive and Bluebonnet Blvd.

6333, 6363 Mourning Dove Dr, Baton Rouge, LA 70816

Type: Land
Price: $2,550,000 ($11.69 / Land SF)
Buyer: CTT1 LLC
Elifin’s Notes: A pair of land parcels, totaling 5+ acres, sell off of Tiger Bend Road.

2179 Hwy 70, Donaldsonville, LA 70346

Type: Hospitality
Price: $1,500,000 ($23,810 / Unit)
Buyer: Shri Rung LLC
Elifin’s Notes: Shri Rung LLC acquires the 63-unit OYO Townhouse motel property along Highway 70 in Donaldsonville.

1305 N Burnside Ave, Gonzales, LA 70737

Type: Retail
Price: $1,050,000 ($220.59 / SF)
Buyer: Fontenot Auteaux LLC
Elifin’s Notes: Fontenot Auteaux LLC acquires an auto service property along North Burnside Avenue.

325 E State St, Baton Rouge, LA 70802

Type: Multifamily
Price: $850,000 ($56,667 / Unit)
Buyer: Varela Investments, LLC
Elifin’s Notes: A portfolio of 3 multifamily properties, totaling 15 units, sells on East State Street.

320 La Hwy 30 W, Gonzales, LA 70737

Type: Retail
Price: $810,000 ($576.92 / SF)
Buyer: One Twelve Property & Development LLC
Elifin’s Notes: One Twelve Property & Development LLC acquires a Smoothie King property on Highway 30 West.

9001-9121 Parkway Dr, Baton Rouge, LA 70810

Type: Land
Price: $725,000 ($2.44 / Land SF)
Buyer: Lynn Levy Land Company LLC
Elifin’s Notes: Lynn Levy Land Company, in one of two similar transactions this past week, acquires a 6+ acre parcel of vacant land near the intersection of Burbank Drive and Bluebonnet Blvd.

3658 Government St, Baton Rouge, LA 70806

Type: Retail
Price: $425,000 ($131.58 / SF)
Buyer: CHM Properties LLC
Elifin’s Notes: CHM Properties LLC purchases a retail hair salon property on Government Street.

12041 Bricksome Ave, Baton Rouge, LA 70816

Type: Office
Price: $375,000 ($129.58 / SF)
Buyer: Louisiana Association of Substance Abuse Counselors and Trainers
Elifin’s Notes: The Louisiana Association of Substance Abuse Counselors and Trainers acquires an office property on Bricksome Avenue.

602 Railroad Ave, Donaldsonville, LA 70346

Type: Mixed-Use
Price: $375,000 ($55.15 / SF)
Buyer: The Tinker Foundation LLC
Elifin’s Notes: A historic mixed-use property featuring a store and a 4-unit bed & breakfast sells.

9330 Greenwell Springs Rd, Baton Rouge, LA 70814

Type: Retail
Price: $350,000 ($107.10 / SF)
Buyer: Xu Po Boy Shop LA LLC
Elifin’s Notes: A restaurant property changes hands on Greenwell Springs Road.

550 Ben Hur Rd, Baton Rouge, LA 70820

Type: Multifamily
Price: Withheld
Buyer: BNCR Arlington Owner, LLC
Elifin’s Notes: Arlington Cottages and Townhomes, a 732-unit complex near LSU, sells to an Ohio-based investment entity.

6275 Siegen Lane, Baton Rouge, LA 70809

Type: Retail
Price: Withheld
Buyer: Pink Ribbon Realty LLC
Elifin’s Notes: Pink Ribbon Realty acquires a retail property with showroom and warehouse space on Siegen Lane.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
2501 BRIGHTSIDE DR	Parking Lot Permit $250,000	New parking lot and infrastructure for 74 unit multi-family development	[O] [A] Chad Stevens [C] LANCASTER CONSTRUCTION, L.L.C.
3829 GOVERNMENT ST	Addition Permit $75,000	(EXPEDITED) Build out of an existing suite of a building	[O] [A] Jak Kunstler [C] JOSEPH JAMES MARTIN CONSTRUCTION, L.L.C. – Joseph James Martin
9511 CREEKVIEW DR	Remodel Permit $48,170	Roof Repair with TPO: Remove hardie and add TPO to parapet wall	[O] [A] Kara Thornton [C] Watkins Construction, Incorporated of Mississippi – Michael Donald Dier
16443 PLANK RD	Sign Permit $32,796	SIGN	[O] [A] Huy Tran [C] N/A
3455 FLORIDA ST	Sign Permit $13,185	Sign- Pylon	[O] [A] Jeremy Halford [C] BATON ROUGE SIGN & GRAPHICS LLC
13530 SCENIC HWY	Sign Permit $3,000	Sign – Monument	[O] Timothy Smith [A] Gabriella Sharman [C] Apex Construction and Remodeling LLC – Colin Meinzer
1434 NAPOLEON ST	Electrical Permit $3,000	Installed new 200 amp service. Meter and panel	[O] [A] Michael Webster [C] CIRCUIT BREAKER ELECTRIC LLC – Michael Wayne Webster
7504 STE A SCENIC HWY	Electrical Permit $2,000	New Service 150A 120/240 3 Phase	[O] [A] Earnest James [C] JBOLT ELECTRICAL LLC – Earnest James
3930 STE E BURBANK DR	Gas Test Permit $400	Restaurant, Suite E	[O] [A] Colton Mautner [C] BATON ROUGE MECHANICAL, LLC
225 LSU AVE	Gas Test Permit $1	Gas Test on patio	[O] [A] MIKE LASSEIGNE [C] BATON ROUGE SEWER & DRAIN SERVICE, INC.
9230 FLORIDA BLVD	Occupancy N/A	Commercial space will be used as a fitness center for women.	[O] [A] Octavia Cobb [C] N/A
9230 FLORIDA BLVD	Occupancy N/A	Commercial space will be used as a fitness center for women.	[O] [A] Octavia Cobb [C] N/A
2668 ROME DR	Occupancy N/A	Main office for my company	[O] [A] Arvin Mancia [C] N/A
16815 FLORIDA BLVD	Occupancy N/A	for office and warehouse	[O] [A] Francisco Diaz [C] N/A
5810 AIRLINE HWY	Occupancy N/A	General office and storage	[O] Judah Vedros [A] Judah Vedros [C] N/A
5151 PLANK RD	Occupancy N/A	Metro by T-Mobile Wireless Retail Store	[O] [A] Mohammed Baree [C] N/A
10241 STE E COURSEY BLVD	Occupancy N/A	Metro by T-Mobile Wireless Retail Store. Suite E	[O] [A] Mohammed Baree [C] N/A
1712 N ACADIAN THWY W	Occupancy N/A	Offices	[O] [A] Sue Hill [C] N/A
1708 N ACADIAN THWY W	Occupancy N/A	offices	[O] [A] Sue Hill [C] N/A
10200 GREENWELL SPRINGS RD	Occupancy N/A	Used Car sales	[O] [A] Gloria Ruiz [C] N/A
1706 N ACADIAN THWY W	Occupancy N/A	Offices	[O] [A] Sue Hill [C] N/A
1707 GARDERE LN	Occupancy N/A	Metro by T-Mobile Wireless Retail Store. Suite C	[O] [A] Mohammed Baree [C] N/A
5906 AIRLINE HWY	Occupancy N/A	Metro by T-Mobile Wireless Retail Store	[O] [A] Mohammed Baree [C] N/A
12330 STE 4 FLORIDA BLVD	Occupancy N/A	Same unit as the previous tenant of the unit. Retail sales of cell phones and accessories. No changes will be made within the unit.	[O] [A] Gloria Hurtado [C] N/A
7682 AIRLINE HWY	Occupancy N/A	Hotel/Motel – Electric account for the office building (Entergy acct #205298490)	[O] [A] Tera Horsey [C] N/A
7682 AIRLINE HWY	Occupancy N/A	Hotel/Motel – Electric account for buildings with rooms	[O] [A] Tera Horsey [C] N/A
4075 NICHOLSON DR	Occupancy N/A	Quick Service Restaurant	[O] [A] Adil Ali [C] N/A
4250 BURBANK DR	Occupancy N/A	Chinese Restaurant	[O] [A] Shuning Liu [C] N/A
615 SPANISH TOWN RD	Occupancy N/A	Acquired small apartment complex in Spanish Town and need to switch the house meter into our name.	[O] Joshua Andrews [A] Angela Dunnaway [C] N/A
7682 AIRLINE HWY	Occupancy N/A	Hotel/Motel – Electric account for outdoor sign (Entergy acct #205297807)	[O] [A] Tera Horsey [C] N/A
6301 CHOCTAW DR	Occupancy N/A	Warehouse	[O] [A] Debbie Guillory [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.

Elifin Realty

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