The Pulse BR: Bogie’s Building Sells for over 1 million

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

Commercial Sales Recorded Last Week

9029 Jefferson Hwy
9029 Jefferson Hwy

Type: Office
Price: $3,400,000 ($242.86 / SF)
Buyer: Cardinal Hill Real Estate LLC
Elifin’s Notes: Assurance Financial purchases their office on the 1st floor of The Cardinal Hill office building on Jefferson Hwy.

705 E Boyd Dr
705 E Boyd Dr

Type: Retail
Price: $1,050,000 ($250 / SF)
Buyer: MCL Management Group LLC
Elifin’s Notes: The owner of Bogie’s purchases the location of the popular LSU bar.

11800 Industriplex Blvd, Suite 8
11800 Industriplex Blvd, Suite 8

Type: Industrial
Price: $868,500 ($133.62 / SF)
Buyer: AZSRM Properties LLC
Elifin’s Notes: Warehouse unit sells in the Metrocenter II industrial park off Industriplex Blvd.

11800 Industriplex Blvd, Suite 9, 10
11800 Industriplex Blvd, Suite 9, 10

Type: Industrial
Price: $815,000 ($125.38 / SF)
Buyer: AZSRM Properties LLC
Elifin’s Notes: Warehouse unit sells in the Metrocenter II industrial park off Industriplex Blvd.

8535 GSRI Ave
8535 GSRI Ave

Type: Self-Storage
Price: $600,000 ($2,764.98 / Unit)
Buyer: Red and Blue Storage LLC
Elifin’s Notes: Lafayette-based investor purchases 217 unit self-storage facility on the corner of GSRI Ave and Seabord Dr.

11800 Industriplex Blvd, Suite 11
11800 Industriplex Blvd, Suite 11

Type: Industrial
Price: $525,000 ($80.77 / SF)
Buyer: AZSRM Properties LLC
Elifin’s Notes: Warehouse unit sells in the Metrocenter II industrial park off Industriplex Blvd.

246 Napoleon St
246 Napoleon St

Type: Office
Price: $500,000 ($121.95 / SF)
Buyer: Africa Street Properties LLC
Elifin’s Notes: Unglesby Law Firm office in Beauregard Town sells to local couple.

604 Chevelle Ct
604 Chevelle Ct

Type: Office
Price: $450,000 ($75.00 / SF)
Buyer: East Airport at Independence LLC
Elifin’s Notes: Grey Hammett III purchases office building just off of Goodwood Blvd.

143 S Ardenwood Dr
143 S Ardenwood Dr

Type: Office
Price: $200,000 ($78.90 / SF)
Buyer: BBEM LLC
Elifin’s Notes: Bourgeois Dental Lab sells on S Ardenwood Dr.

5515, 5523 Prescott Road
5515, 5523 Prescott Road

Type: Multifamily
Price: Withheld
Buyer: Prescott Apartments LLC
Elifin’s Notes: New York-based investor purchases 49 unit apartment complex on Prescott Rd.

4189 W Brookstown Drive
4189 W Brookstown Drive

Type: Multifamily
Price: Withheld
Buyer: Prescott Apartments LLC
Elifin’s Notes: 30 unit multifamily complex near Prescott Rd sold to new investor.

Tract A Airline Hwy
Tract A Airline Hwy

Type: Land
Price: Withheld
Buyer: JAA Services, LLC
Elifin’s Notes: A 6.86 acre tract sells north of Airline Hwy near the Mississippi River.

7585 Bishop Ott Drive

Type: Multifamily
Price: Withheld
Buyer: Baton Rouge Village Inc
Elifin’s Notes: Assisi Village, a 67 unit affordable housing complex, sells to Tennessee-based investor.

7545 Bishop Ott Drive
7545 Bishop Ott Drive

Type: Multifamily
Price: Withheld
Buyer: Calais Baton Rouge Inc
Elifin’s Notes: Calais House, a 67 unit affordable housing complex, sells to Tennessee-based investor.

8040 Goodwood Blvd
8040 Goodwood Blvd

Type: Office
Price: Withheld
Buyer: St. Martha’s Village LLC
Elifin’s Notes: Medical Office sells to Memphis-based buyer off Bishop Ott Dr.

7565 Bishop Ott Drive
7565 Bishop Ott Drive

Type: Multifamily
Price: Withheld
Buyer: Chateau Baton Rouge Inc
Elifin’s Notes: Chateau Louise, a 67 unit affordable housing complex, sells to Tennessee-based investor.

 


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
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