The Pulse BR: Baton Rouge General Purchases Land

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

Commercial Sales Recorded Last Week

855 South Flannery Road
855 South Flannery Road

Type: Multifamily
Price: $7,320,000 ($61,000 / Unit)
Buyer: Acadian Place 2022 LLC
Elifin’s Notes: Balitmore-based investor purchases the Acadian Place Apartments, a 120 unit complex on S Flannery Rd near Goodwood Blvd.

8012 Bayou Fountain Ave
8012 Bayou Fountain Ave

Type: Portfolio
Price: $6,700,000 ($93,056 / Unit)
Buyer: Signal SFR LLC
Elifin’s Notes: Flock Homes, a digital real estate investment firm from Colorado, purchase 18 4-plexes in the Gardere area.

700 N 10th St
700 N 10th St

Type: Office
Price: $3,300,000 ($75 / SF)
Buyer: DBR Plaza LLC
Elifin’s Notes: Four story office building downtown sells to local investor.

2949 Varsity St
2949 Varsity St

Type: Hospitality
Price: $2,600,000 ($33,766 / Unit)
Buyer: Hyde LLC
Elifin’s Notes: San Francisco-based investor purchases the Comfort Inn & Suites across from the Baton Rouge airport.

Tract B-1-B Picardy Ave
Tract B-1-B Picardy Ave

Type: Land
Price: $1,943,248 ($15.99 / Land SF)
Buyer: General Health System
Elifin’s Notes: The Baton Rouge General purchases 2+ acres neighboring their Picardy Ave campus.

10995 Coursey Blvd
10995 Coursey Blvd

Type: Industrial
Price: $1,100,000 ($102 / SF)
Buyer: ENJSB Real Estate Holdings LLC
Elifin’s Notes: Fourrier & de Abreu Engineers purchase their office building on Coursey Blvd.

7714 Bles Ave
7714 Bles Ave

Type: Multifamily
Price: $626,000 ($78,250 / Unit)
Buyer: K&R Cattle LLC
Elifin’s Notes: Local investors purchase two 4-plexes just off Staring Lane.

11410 Cedar Park Ave
11410 Cedar Park Ave

Type: Industrial
Price: $500,000 ($111 / SF)
Buyer: Lentz Roofing Company, LLC
Elifin’s Notes: Lentz Roofing purchase their office building on the corner of Cedar Park Ave and Fieldstone Dr.

6387 Quinn Dr
6387 Quinn Dr

Type: Office
Price: $325,000 ($56 / SF)
Buyer: MRMV Properties LLC
Elifin’s Notes: Office sells just off of Tiger Bend Rd.


Upcoming Planning Commission Cases

Zoning for Restaurant on Perkins near Bluebonnet

  • Submitted 8/4/2022 by Chris G Young, Agent. Proposed rezoning from Light Commercial Two (LC2) to Commercial Alcoholic Beverage (restaurant)(C-AB-1) on property located on the west side of Perkins Road, west of Bluebonnet Boulevard for restaurant serving alcohol.
  • 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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