The Pulse BR: Crescent Crown purchases 16+ acres on Oak Villa Blvd

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

Commercial Sales Recorded Last Week

Tract Z-2-A-1 Oak Villa Blvd
Tract Z-2-A-1 Oak Villa Blvd

Type: Land
Price: $3,038,510 ($4.15 / Land SF)
Buyer: Crescent Crown Distributing LLC
Elifin’s Notes: Crescent Crown Distributors purchases vacant lot behind the Walmart on Oak Villa Blvd.

Tract 24-A Celtic Dr
Tract 24-A Celtic Dr

Type: Land
Price: $900,000 ($15.59 / Land SF)
Buyer: Celtic Management Corporation
Elifin’s Notes: Celtic Management purchase vacant lot neighboring an office building the company owns on Celtic Dr.

T 5620 Mancuso Lane
T 5620 Mancuso Lane

Type: Land
Price: $815,300 ($13.97 / Land SF)
Buyer: Picardy Tres LLC
Elifin’s Notes: Vacant lot sells just off of Essen Lane.

13234 Perkins Rd, Suite A
13234 Perkins Rd, Suite A

Type: Office
Price: $675,000 ($281.25 / SF)
Buyer: Mainieri Properties LLC
Elifin’s Notes: Dr. Tommy Mainieri, a local dentist, purchases Perkins Dental Care office on Perkins Rd near the Siegen Lane intersection.

Tract 18-A-1-A-2 Julia Aubin Lane
Tract 18-A-1-A-2 Julia Aubin Lane

Type: Land
Price: $570,000 ($5.26 / Land SF)
Buyer: Providence Engineering and Environmental Group LLC
Elifin’s Notes: Providence Engineering and Environmental Group purchase 2.5 acres on Julia Aubin Lane.

2326 N Airway Dr
2326 N Airway Dr

Type: Industrial
Price: $500,000 ($66.67 / SF)
Buyer: Next Generation Developments LLC
Elifin’s Notes: Local real estate agent and investor, Lawrence Maestri, purchases office/warehouse on N Airway Dr.

7526 Picardy Ave
7526 Picardy Ave

Type: Office
Price: $465,000 ($124.87 / SF)
Buyer: CCPT LLC
Elifin’s Notes: Local real estate agent and investor, Robert Pettit, purchases office building on Picardy Ave.

4511 Jamestown Ave
4511 Jamestown Ave

Type: Office
Price: $460,000 ($90.52 / SF)
Buyer: Blitz Holdings LLC
Elifin’s Notes: The owners of Lifetime Roofing purchase two story office building just off College Dr.

947, 957 Grebe St
947, 957 Grebe St

Type: Multifamily
Price: $372,000 ($46,500 / Unit)
Buyer: HBCU Holdings LLC
Elifin’s Notes: An 8 unit apartment complex sells off Scenic Hwy.

7078 S Choctaw Dr
7078 S Choctaw Dr

Type: Industrial
Price: $337,500 ($33.75 / SF)
Buyer: MC BR Management Company, Inc
Elifin’s Notes: Office warehouse sells on S Choctaw Dr.

9766 Jefferson Hwy
9766 Jefferson Hwy

Type: Office
Price: $330,000 ($68.75 / SF)
Buyer: Hai V Nguyen, Judy Nguyen Quang, Mahyoub S Alzawqari
Elifin’s Notes: Two-story office building on Jefferson Highway consisting of four units sells to local investors.

11354 S Choctaw Dr
11354 S Choctaw Dr

Type: Industrial
Price: $285,000 ($31.67 / SF)
Buyer: Arnold J. Landry Properties, Inc
Elifin’s Notes: Local investor purchases three industrial properties off or near S Choctaw Dr.

12251 S Choctaw Dr
12251 S Choctaw Dr

Type: Industrial
Price: $240,000 ($80.00 / SF)
Buyer: Boulanger Properties, LLC
Elifin’s Notes: Industrial office and warehouse leased by Gandy Trading sells on S Choctaw Dr.

1930 Beaumont Dr
1930 Beaumont Dr

Type: Industrial
Price: $205,000 ($30.04 / SF)
Buyer: Great Prep, LLC
Elifin’s Notes: Office building with warehouse space sells on Beaumont Dr.


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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