The Pulse BR: Benny’s Car Wash Purchases 12 Acres in Zachary

The Pulse BR: Benny’s Car Wash Purchases 12 Acres in Zachary

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

Commercial Sales Recorded Last Week

Tract C-2-B-2-D-1-C Church St
Tract C-2-B-2-D-1-C Church St

Type: Land
Price: $2,000,000 ($3.71 / Land SF)
Buyer: Benny’s Zachary LLC
Elifin’s Notes: Benny’s Car Wash purchases 12+ acres next to the Rouse’s Market in Zachary.

505 University Walk
505 University Walk

Type: Multifamily
Price: $1,100,000 ($110,000 / Unit)
Buyer: University Walk, LLC
Elifin’s Notes: Metairie-based investor purchases 10 unit apartment building in Spanish Town near the state capital.

711 Gloria Drive
711 Gloria Drive

Type: Portfolio
Price: $970,000 ($80,833 / Unit)
Buyer: 15413 Old Hammond LLC
Elifin’s Notes: Metairie-based investor purchases three 4-plexes on the corner of Old Hammond Hwy and Gloria Dr.

9976 S Choctaw Dr
9976 S Choctaw Dr

Type: Industrial
Price: $800,000 ($80 / SF)
Buyer: Iglesia De Dios Emmanuel
Elifin’s Notes: Iglesia De Dios Emmanuel purchase industrial/office property on S Choctaw Dr.

17251 Jefferson Hwy
17251 Jefferson Hwy

Type: Retail
Price: $400,000 ($45 / SF)
Buyer: SCV Corporation
Elifin’s Notes: A.R.T Inc Paint and Collision Repair Shop purchase the company’s repair shop on Jefferson Hwy.

1202 Millerville Rd
1202 Millerville Rd

Type: Land
Price: $400,000 ($2.44 / Land SF)
Buyer: Brookwood-Millerville LLC
Elifin’s Notes: Local attorney purchases vacant lot on Millerville Rd from Ochsner Clinic Foundation.

Tract 2-B-2-A-2 Coursey Blvd
Tract 2-B-2-A-2 Coursey Blvd

Type: Land
Price: $370,000 ($8.85 / Land SF)
Buyer: Coursey Dragon LLC
Elifin’s Notes: Vacant lot sells on Coursey Blvd.

7044 Siegen Lane
7044 Siegen Lane

Type: Retail
Price: Withheld
Buyer: GC Siegen LLC
Elifin’s Notes: Local investor, Kevin Nguyen, purchases the Siegen Village Shopping Center, a strip-center anchored by Office Depot, Stage and Big Lots. Price withheld.

4221 Burbank Dr
4221 Burbank Dr

Type: Portfolio
Price: Withheld
Buyer: Gaslite Property Holdings LLC
Elifin’s Notes: Brooklyn-based investor purchases multiple apartment buildings near LSU’s campus. Price withheld.


Upcoming Planning Commission Cases

Rezoning Property Adjacent to Baton Rouge General

  • Submitted 6/21/2022 by General Health System. To rezone from Single Family Residential (A1) to Heavy Commercial Two (HC2) on property located on the northside of Anselmo Lane, south of Picardy Avenue and east of Madeira Drive, adjacent to Baton Rouge General Hospital campus.
  • 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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