The Pulse BR: Assisted living facility on Siegen sells for 29mm

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

Commercial Sales Recorded Last Week

9394 Siegen Lane, Baton Rouge, LA 70810
9394 Siegen Lane, Baton Rouge, LA 70810

Type: Multifamily
Price: $29,000,000 ($290,000 / Unit)
Buyer: 9394 Siegen Lane Propco LLC
Elifin’s Notes: The Barclay House of Baton Rouge, an assisted living facility in Baton Rouge, sells to Welltower Inc, a real estate investment firm out of Toledo, OH.

3700 East Brookstown Drive, Baton Rouge, LA 70805
3700 East Brookstown Drive, Baton Rouge, LA 70805

Type: Multifamily
Price: $13,800,000 ($69,000 / Unit)
Buyer: MB Apartments BR LLC
Elifin’s Notes: The Meadowbrook Apartments, a 200 unit complex between Winbourne Ave and Prescott Rd, sells to New York investor.

4845 Main St, Zachary, LA 70791
4845 Main St, Zachary, LA 70791

Type: Office
Price: $8,600,000 ($428.93 / SF)
Buyer: Zachary OMF Investors LLC
Elifin’s Notes: Office buidling in the Sullivan Medical Office Park in Zachary sells to a Minnesota-based real estate investment firm.

234-280 Main St, Baker, LA 70714
234-280 Main St, Baker, LA 70714

Type: Retail
Price: $4,250,000 ($31.50 / SF)
Buyer: Baker Regional Realty LLC
Elifin’s Notes: The Baker Regional Shopping Center sells to Hakimi Capital Group, a New York real estate investment firm.

5120 Jones Creek Rd, Baton Rouge, LA 70817
5120 Jones Creek Rd, Baton Rouge, LA 70817

Type: Retail
Price: $1,686,667 ($937.04 / SF)
Buyer: Louie D Barbe III
Elifin’s Notes: The Popeye’s on Jones Creek Rd sells to Lake Charles Investor.

Lot 3 Pecue Lane, Baton Rouge, LA 70810
Lot 3 Pecue Lane, Baton Rouge, LA 70810

Type: Land
Price: $1,150,000 ($2.08 / Land SF)
Buyer: EKG Holdings LLC
Elifin’s Notes: Nearly 13 acres off I-10 at Pecue Lane sells to North Carolina investor.

8514 Hooper Rd, Baton Rouge, LA 70811
8514 Hooper Rd, Baton Rouge, LA 70811

Type: Land
Price: $840,000 ($0.35 / Land SF)
Buyer: Tower Capital Corporation
Elifin’s Notes: Local investor purchases 55 acres on Hooper Rd.

1914 S Sherwood Forest Blvd, Baton Rouge, LA 70816
1914 S Sherwood Forest Blvd, Baton Rouge, LA 70816

Type: Retail
Price: $350,000 ($212.12 / SF)
Buyer: Khaled Diab
Elifin’s Notes: Sherwood Tire Shop near the corner of S Sherwood Forest Blvd and Old Hammond Hwy.

1104 Main St, Baker, LA 70714
1104 Main St, Baker, LA 70714

Type: Retail
Price: $175,000 ($118.24 / SF)
Buyer: 1104 Main Street LLC
Elifin’s Notes: Former Church’s Chicken in Baker sells to local investors.

1717 Dallas Dr, Baton Rouge, LA 70806
1717 Dallas Dr, Baton Rouge, LA 70806

Type: Office
Price: $130,000 ($53.06 / SF)
Buyer: Verna Bradley-Jackson
Elifin’s Notes: One Touch Ministries purchases their office on Dallas Dr.

5885 Lavey Lane, Baker, LA 70714
5885 Lavey Lane, Baker, LA 70714

Type: Multifamily
Price: Withheld
Buyer: Usonia MH Crest View Property LLC
Elifin’s Notes: Crestview Retirement Village in Baker sells to a New Jersey investor. Price withheld.

Tract G-1-C Pecue Lane, Baton Rouge, LA 70810
Tract G-1-C Pecue Lane, Baton Rouge, LA 70810

Type: Land
Price: Withheld
Buyer: CHL Endeavors LLC
Elifin’s Notes: Vacant lot sells on Pecue Lane near Jamestown Blvd intersection. Price withheld.

7855 Howell Blvd, Baton Rouge, LA 70807
7855 Howell Blvd, Baton Rouge, LA 70807

Type: Office
Price: Withheld
Buyer: Realty Income Properties 30 LLC
Elifin’s Notes: Champion Medical Office Building sells to California-based investment firm, Realty Income. Price withheld.

1334 Florida St, Baton Rouge, LA 70802
1334 Florida St, Baton Rouge, LA 70802

Type: Retail
Price: Withheld
Buyer: FTF LA 1334 Florida Blvd LLC
Elifin’s Notes: Colorado-based investor purchases Exxon branded gas station in Mid City. Price withheld.


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
marketing@elifinrealty.com
No Comments

Post A Comment