08 Feb The Pulse BR: Downtown hotel sold to Orlando-based company

Posted at 15:42h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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

Commercial Sales Recorded Last Week

8585 Summa Ave, Baton Rouge, LA 70816

Type: Healthcare
Price: $10,000,000 ($572.67 / SF)
Buyer: Holly Court Propco LLC
Elifin’s Notes: The Holly Court assisted living facility sells to a Miami-based company.

37091 E Hwy 30, Geismar, LA 70734

Type: Land
Price: $6,375,000 ($4.83 / Land SF)
Buyer: Air Liquide Large Industries U S L P
Elifin’s Notes: A Texas-based company acquires a 30+ acre parcel of land next to its existing facility in Geismar.

9140 Siegen Lane, Baton Rouge, LA 70810

Type: Retail
Price: $800,000 ($244.80 / SF)
Buyer: Slac Holdings LLC
Elifin’s Notes: A veterinarian clinic property changes ownership next to the Town and Country Shopping Center.

4256 Jefferson St, Baker, LA 70714

Type: Multifamily
Price: $791,206 ($26,374 / Unit)
Buyer: Legacy at Oxford Court LLC
Elifin’s Notes: The Charleston Oaks Apartments, a 30-unit multifamily property, changes hands near Baker Park on Jefferson Street.

13454 Jefferson Hwy, Baton Rouge, LA 70817

Type: Industrial
Price: $750,000 ($67.45 / SF)
Buyer: H3 Holdings LLC
Elifin’s Notes: An industrial property with two buildings: an administrative office and a warehouse sells on Jefferson Highway.

5186 Evangeline St, Baton Rouge, LA 70805

Type: Retail
Price: $675,000 ($36.96 / SF)
Buyer: EBR Council on the Aging Inc
Elifin’s Notes: A former grocery store property, along with a parking lot changes hands on Evangeline Street.

7946 Goodwood Blvd, Baton Rouge, LA 70806

Type: Office
Price: $550,000 ($140.85 / SF)
Buyer: Defkan Holdings LLC
Elifin’s Notes: An office property changes hands within the Goodwood Oaks Center.

Tract F-1-A-1 Brown Rd, Central, LA 70726

Type: Land
Price: $550,000 ($0.16 / Land SF)
Buyer: TH Land Development LLC
Elifin’s Notes: A 77+ acre parcel of land sells on Brown Road.

17101 Airport Dr, Prairieville, LA 70769

Type: Specialty
Price: $391,273 ($116.10 / SF)
Buyer: Melancon, Casey Jude
Elifin’s Notes: This property sits on 16+ acres with a residence and an airplane hanger/warehouse.

879 S Eugene St, Baton Rouge, LA 70806

Type: Multifamily
Price: $340,000 ($68,000 / Unit)
Buyer: Sis Group Management LLC
Elifin’s Notes: A 5-unit multifamily property changes hands on South Eugene Street.

1116 W Chimes St, Baton Rouge, LA 70802

Type: Multifamily
Price: $330,000 ($41,250 / Unit)
Buyer: McGlynn Corp LLC
Elifin’s Notes: An 8-plex property changes ownership near the LSU campus.

3650 Hwy 19, Zachary, LA 70791

Type: Office
Price: $325,000 ($66.71 / SF)
Buyer: Saigon Deli LLC
Elifin’s Notes: A four suite office property sells in Zachary.

12005 Coursey Blvd, Baton Rouge, LA 70816

Type: Office
Price: $300,000 ($135.69 / SF)
Buyer: Nicholson Law Firm LLC
Elifin’s Notes: An office property changes hands on Coursey Boulevard.

11841 Dunlay Ave, Baton Rouge, LA 70809

Type: Industrial
Price: $255,000 ($102.00 / SF)
Buyer: BMA Properties LLC
Elifin’s Notes: An industrial property with office and warehouse space sells in the Industrialplex Park area.

6446 Renoir Ave, Baton Rouge, LA 70806

Type: Industrial
Price: $122,000 ($40.67 / SF)
Buyer: JNR, LLC
Elifin’s Notes: An industrial property along with the neighboring land parcel sells on Renoir Avenue.

201 Lafayette St, Baton Rouge, LA 70801

Type: Hospitality
Price: Withheld
Buyer: Northshore Resorts BR LLC
Elifin’s Notes: The 290-room Hilton Baton Rouge Capitol Center sells to an Orlando-based company.

Lot A Samuels Rd, Zachary, LA 70791

Type: Land
Price: Withheld
Buyer: Horseshoe Holdings of New Roads LLC
Elifin’s Notes: A 1+ acre parcel of land sells at the corner of Samuel Road and Mount Pleasant Zachary Road.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
9001 CORTANA PL	New Building Permit (C) $2,195,000	( EXPEDITED ) The construction of a new small-scale office building 2,049sf within the parking area of an existing site and will enhance the site’s capacity for advanced operational support of drones.	[O] Gary Obershaw [A] Brooks Stickler [C] MAPP, LLC – Michael A. Polito
4700 WHITEHAVEN ST	Electrical Permit (C) $15,000	Construction of (1) new electrical service for existing sewer lift station.	[O] [A] Casey McLeod [C] MCLEOD ELECTRIC LLC DBA Armco Electric – Alvin McLeod
5057 BAKER BLVD	Mechanical Permit (C) $6,000	This property will be a rental 4- plex. This permit is for unit C Replacing the air handler and condensating unit. All ductwork is existing.	[O] Logan Morgan [A] Logan Morgan [C] N/A
4115 BLDG 4 MOHICAN-PRESCOTT XOVR	Electrical Permit (C) $950	same day inspection, installed new breaker \| building 400	[O] Ms Roberson [A] Joseph Matthews [C] N/A
9704 AIRLINE HWY	Occupancy Permit (C) $1	IEPM purchased the building from Pep Boys. The business use will not change. This is for automotive repair.	[O] [A] Lesley Groff [C] N/A
9340 FLORIDA BLVD	Re-Roof (C) N/A	REplacing old shingles with new	[O] [A] David Morejon [C] Premier South LLC
2639 NORTH ST	Occupancy Permit (C) N/A	Clean & Show	[O] [A] Ronald Randall [C] N/A
3012 GOVERNMENT ST	Occupancy Permit (C) N/A	Moving the Entergy meter for the Chase ATM at 3012 Government Street (ATM) Baton Rouge, LA 70806 from North Corporate Properties LLC (Entergy Account Number 189497837) to Tallow Properties LLC (Entergy Account Number 213006307). Nothing is changing and the Chase ATM is staying at the same place/address. We purchased the property from North Corporate Properties LLC and just need to transfer service from their name to ours with Entergy. We have an existing Entergy account at the main building at the same address (Prescriptions to Geaux) and nothing is changing here….the ATM meter for the Chase ATM is a separate meter/account and we need to have a cut-on/turn-on/or rollover permit/inspection from the East Baton Rouge permit office. I was told to apply for a commercial occupancy permit and include that information here	[O] [A] TJ Woodard [C] N/A
4315 CHOCTAW DR	Occupancy Permit (C) N/A	Storage \| Unit B	[O] [A] Alisha Douse [C] N/A
5515 SUPERIOR DR	Occupancy Permit (C) N/A	Want to connect electricity. Ste. B1	[O] [A] Nardu Castillo [C] N/A
14635 STE 4B S HARRELL’S FERRY RD	Occupancy Permit (C) N/A	Office and business suite leasing. No on-site services performed by the insured. Suite 4B.	[O] [A] Kiosha Henderson [C] N/A
3918 SHERWOOD ST	Occupancy Permit (C) N/A	Entergy permit	[O] [A] Jasmine Waldron [C] N/A
5032 PLANK RD	Gas Test Permit (C) N/A	Used dealership	[O] [A] Dwayne Bradley [C] N/A
223 STE A FERNWOOD DR	Occupancy Permit (Clean & Show) (C) N/A	Clean and show to get ready to rent. Unit A	[O] [A] Anu Mehrotra [C] N/A

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

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