The Pulse BR: City of Baton Rouge purchases property on Greenwell St

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

Commercial Sales Recorded Last Week

324 Lee Dr, Baton Rouge, LA 70808
324 Lee Dr, Baton Rouge, LA 70808

Type: Retail
Price: $1,700,000 ($242.86 / SF)
Buyer: Shree Raina 324 Lee LLC
Elifin’s Notes: Local investors purchase retail center on Lee Dr.

320 Lee Dr, Baton Rouge, LA 70808
320 Lee Dr, Baton Rouge, LA 70808

Type: Retail
Price: $1,550,000 ($221.43 / SF)
Buyer: Shree Geeta 320 LLC
Elifin’s Notes: Local investors purchase retail center on Lee Dr.

11724 Industriplex Blvd, Baton Rouge, LA 70809
11724 Industriplex Blvd, Baton Rouge, LA 70809

Type: Industrial
Price: $1,400,000 ($80.62 / SF)
Buyer: HV Investments, LLC
Elifin’s Notes: Local investor purchases the Mon Chen building, an industrial property including 6 suites with differing office/warehouse combinations.

216 Lee Dr, Baton Rouge, LA 70808
216 Lee Dr, Baton Rouge, LA 70808

Type: Retail
Price: $1,250,000 ($212.59 / SF)
Buyer: Shree Bella 216 Lee LLC
Elifin’s Notes: Local investors purchase retail center on Lee Dr.

1116 S Purpera Ave, Gonzales, LA 70737
1116 S Purpera Ave, Gonzales, LA 70737

Type: Office
Price: $1,250,000 ($294.12 / SF)
Buyer: Viamco LA LLC
Elifin’s Notes: Viamco LA LLC acquires an office property on South Purpera Avenue.

11954 Cloverland Ct, Baton Rouge, LA 70809
11954 Cloverland Ct, Baton Rouge, LA 70809

Type: Industrial
Price: $1,075,000 ($155.01 / SF)
Buyer: Cardio Health Solutions, LLC
Elifin’s Notes: A Baton Rouge-based imaging company purchases industrial property just off of Airline Hwy.

14024, 14044, 14054 Azalea Park Ave, Baton Rouge, LA 70816
14024, 14044, 14054 Azalea Park Ave, Baton Rouge, LA 70816

Type: Multifamily
Price: $810,000 ($67,500 / Unit)
Buyer: Thinh Nguyen, Tuyet Nguyen, Tan Nguyen, and Trang Nguyen
Elifin’s Notes: Investor purchases three 4-plexes on Azalea Park Ave.

214 S Burnside Ave, Gonzales, LA 70737
214 S Burnside Ave, Gonzales, LA 70737

Type: Office
Price: $550,000 ($61.74 / SF)
Buyer: Burnside Plaza LLC
Elifin’s Notes: A local entity purchases a multi-tenant office property on South Burnside Avenue.

Tract A-1-B-1-B-2 LA Hwy 22, Louisiana, LA 70737
Tract A-1-B-1-B-2 LA Hwy 22, Louisiana, LA 70737

Type: Land
Price: $500,000 ($1.11 / Land SF)
Buyer: Gulf Coast Pharmaceutical & Medical Supply LLC
Elifin’s Notes: Gulf Coast Pharmaceutical & Medical Supply purchases a 10+ acre parcel of land in Burnside.

19710 Salvant Rd, Zachary, LA 70791
19710 Salvant Rd, Zachary, LA 70791

Type: Land
Price: $495,050 ($2.27 / Land SF)
Buyer: HRM Concrete LLC
Elifin’s Notes: Cajun Readymix owner purchases 5 acre lot off Hwy 61.

1012 Seville Ave, Baker, LA 70714
1012 Seville Ave, Baker, LA 70714

Type: Multifamily
Price: $495,000 ($82,500 / Unit)
Buyer: LM Baker Properties LLC
Elifin’s Notes: Local investor purchases a 4-plex, duplex, and two single family residences in Baker.

7284 Greenwell St, Baton Rouge, LA 70812
7284 Greenwell St, Baton Rouge, LA 70812

Type: Retail
Price: $207,200 ($35.72 / SF)
Buyer: The City of Baton Rouge
Elifin’s Notes: The City of Baton Rouge purchases commercial property on Greenwell St.

255 Laurel St, Baton Rouge, LA 70802
255 Laurel St, Baton Rouge, LA 70802

Type: Land
Price: Withheld
Buyer: TJ Farms LLC
Elifin’s Notes: Local attorney purchases parking lot downtown on the corner of Laurel St and 3rd St.


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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