The Pulse BR: Flatiron Apartments sell for 37 million

22 Dec The Pulse BR: Flatiron Apartments sell for 37 million

Posted at 08:35h 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

300 W Parker Blvd, Baton Rouge, LA 70808

Type: Multifamily
Price: $37,000,000 ($268,116 / Unit)
Buyer: Flatiron Property Owner LLC
Elifin’s Notes: The Flatiron Apartment Complex, a 138-unit multifamily property, sells on Parker Boulevard.

5912 Main St, Zachary, LA 70791

Type: Retail
Price: $2,475,000 ($732.25 / SF)
Buyer: AL NF LS BR Aspen LA, LLC
Elifin’s Notes: A Florida-based company acquires the newly constructed Aspen Dental occupied property across from the Walmart on Main Street in Zachary.

18167 Swamp Rd, Prairieville, LA 70769

Type: Industrial
Price: $1,851,925 ($176.37 / SF)
Buyer: ASR Baton Rouge Acquisition LLC
Elifin’s Notes: ASR Baton Rouge Acquisition LLC acquires an industrial property with two buildings on Swamp Road in Prairieville.

9669 Antioch Rd, Baton Rouge, LA 70817

Type: Retail
Price: $1,300,000 ($312.73 / SF)
Buyer: Mosley Holdings LLC
Elifin’s Notes: Mosley Holdings LLC acquires a QSR restaurant property on Antioch Road off of Airline Highway.

1201 Main St, Baton Rouge, LA 70802

Type: Office
Price: $1,002,500 ($42.83 / SF)
Buyer: AT 1201 Main LLC
Elifin’s Notes: An office property with warehouse space changes ownership on Main Street.

Lot 68 Hwy 73, Geismar, LA 70734

Type: Land
Price: $700,000 ($5.54 / Land SF)
Buyer: Talon 68 LLC
Elifin’s Notes: A 2+ acre parcel of commercial land sells within the Ascension Industrial Park.

15326 George O’Neal Rd, Baton Rouge, LA 70817

Type: Retail
Price: $565,000 ($112.10 / SF)
Buyer: Moberlys Foreign Car Repair Service LLC
Elifin’s Notes: Moberly’s Foreign Car Repair Service LLC acquires an auto repair property on George O’Neal Road.

1921 S Philippe Ave, Gonzales, LA 70737

Type: Industrial
Price: $400,000 ($36.36 / SF)
Buyer: Manchac Property Management, LLC
Elifin’s Notes: An industrial property sells on Philippe Avenue in Gonzales.

Tracts 2, 3, 4 Old Perkins Rd W, Baton Rouge, LA 70809

Type: Land
Price: $393,750 ($0.38 / Land SF)
Buyer: Stone Construction LLC
Elifin’s Notes: Stone Construction LLC purchases 24+ acres across three tracts of land on Old Perkins Road West.

12320-03 Hwy 44 (Unit 5), Gonzales, LA 70737

Type: Office
Price: $185,000 ($171.46 / SF)
Buyer: Glaze Property Holdings LLC
Elifin’s Notes: Glaze Property Holdings LLC acquires an office property across from Lowe’s on Highway 44.

7737 Old Hammond Hwy (Unit A-1), Baton Rouge, LA 70809

Type: Office
Price: $161,141 ($116.01 / SF)
Buyer: Miller Real Estate 7737 LLC
Elifin’s Notes: Miller Real Estate 7737 LLC acquires an office unit property on Old Hammond Highway.

4770 Hooper Rd, Baton Rouge, LA 70811

Type: Retail
Price: Withheld
Buyer: Clark, Steve
Elifin’s Notes: A former Dollar General property changes ownership on Hooper Road.

2600 Citiplace Ct, Baton Rouge, LA 70808

Type: Office
Price: Withheld
Buyer: Stirling Citiplace I LLC
Elifin’s Notes: Stirling Citiplace I LLC acquires the multi-story office building and parking lot at 2600 Citiplace Drive.

2431 S Acadian Thwy, Baton Rouge, LA 70808

Type: Office
Price: Withheld
Buyer: Stirling Citiplace I LLC
Elifin’s Notes: Stirling Citiplace I LLC acquires an office property off of the Acadian Exit on I-10.

11911 Scenic Hwy, Baton Rouge, LA 70874

Type: Industrial
Price: Withheld
Buyer: Trecora Monomers LLC
Elifin’s Notes: Trecora Monomers LLC, a Texas-based company, acquires an industrial facility sitting on 100+ acres.

3939 Choctaw Dr, Baton Rouge, LA 70805

Type: Retail
Price: Withheld
Buyer: 3939 Choctaw Dr LLC
Elifin’s Notes: A former Dollar General occupied property changes ownership on Choctaw Drive.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
10310 THE GROVE BLVD	New Building (Shell Only) (C) $4,000,000	(EXPEDITED) The shell was permitted in #170870. 1st Floor. This project includes the buildout of that 1 story shell to include the following major spaces: 4 ORs, 1 Cath Lab, Expanded clean supply, storage, equipment storage, and space for future Cath Lab and additional ancillary support spaces. The renovation work in the existing sterile processing department (Soiled Workroom, Sterile Assembly Workroom, and autoclave) will be submitted and permitted in a separate project and complete before the surgery project.	[O] [A] Corey Raber [C] The Lemoine Company, LLC and The Luster Group, LLC, A Joint Venture – Leonard K. Lemoine
9243 INTERLINE AVE	Existing Bldg – Remodel Only (C) $1,923,340	Renovation of existing office building and production area. Production area is used for the assembly of valves and parts.	[O] Jimmy Uhl [A] Jessica Landry [C] Cangelosi-Ward General Contractors – Matt Stokes
5151 PLANK RD	Existing Bldg – Remodel Only (C) $749,275	laundromat build out	[O] Kitina Spera [A] Mhron Thabata [C] MRT Construction LLC – Mhron Raed Thabata
101 FRANCE ST	Electrical Permit (C) $60,000	Replace Switchboard at Maritime II Bldg.	[O] [A] kyle nations [C] SAIA ELECTRIC, INC. – Frank Brian
2638 S SHERWOOD FOREST BLVD	Electrical Permit (C) $40,000	Correct wiring permit, we have a shutdown scheduled for next Friday 12/19 and will need inspection when completed	[O] [A] Kaylin St. Romain [C] CHUSTZ ELECTRIC, LLC – Robert Vavasseur
13315 OLD HAMMOND HWY	Existing Bldg – Remodel Only (C) $35,000	Remove the 8′ counter and add 8′ kitchen hood. Suite B	[O] Amin [A] Chau Pham [C] Do Construction LLC
3373 FLORIDA ST	Mechanical Permit (C) $16,000	Like for Like replacement of Walk-in-cooler and walk-in-Drink cooler Refrigeration equipment (condensers and evaporator heads only).	[O] [A] LICENSE DEPARTMENT [C] ARES HOLDINGS, LLC DBA CMS/NEXTECH – DAVID GRZECH
2625 FLORIDA ST	Parking Lot Permit (C) $14,470	Small Parking Addition. 6 thick.	[O] Mouamer Alriamy [A] Jason Lee [C] JASON LEE’S CONCRETE L.L.C. – Jason Lee
9634 STE F4 AIRLINE HWY	Existing Bldg – Remodel Only (C) $10,000	Commercial retail. F4. Replacing sheet rock ceiling and a partial wall.	[O] [A] Joshua Davis [C] N/A
8905 HIGHLAND RD	Plumbing Permit (C) $7,500	ADD A TOILET AND LAVATORY	[O] HUGO URELLANA [A] DAMIAN RANDOLPH [C] Service Plus Contracting L.L.C.
3120 S SHERWOOD FOREST BLVD	Existing Bldg – Remodel Only (C) $5,000	REMOVED 8 FOOT HOOD AND REPLACED WITH 12 FOOT HOOD for restaurant	[O] MOHAMED ALAWI [A] Mohammad Alawi [C] N/A
15531 MENDOZA DR	Electrical Permit (C) $2,000	LOCATION IS FOR A COX CUMMINCATIONS UPS POWER SUPPLY CABINET LOCATED IN utility Servitude. 10/27/25 Added in the requirements Subd. SRC & SCPDC Plan Review-per BP.	[O] clayton mcmullan [A] Clayton McMullan [C] GRIDSOURCE INCORPORATED, LLC
7454 SCENIC HWY	Existing Bldg – Addition Only (C) $1,200	( EXPEDITED) ADD ON OFFICE AREA. No site work.	[O] [A] Sembet Thai [C] N/A
469 ELMER AVE	Electrical Permit (C) $750	The meter housing for the building has a bad lug that needs to be changed out in order to get power restored.	[O] [A] Ryan Milligan [C] RM Group Electrical Services LLC – Ryan Milligan
4520 STE 108 S SHERWOOD FOREST BLVD	Change in Occupancy/Use Classification (C) $500	This application is for a commercial use reclassification. The previous use of the unit differs from the new proposed use. No construction has been performed. The current plan is for a low-impact wellness space with self-guided tea and aromatherapy areas. Change of business use classification.	[O] [A] YAN ZHAO [C] N/A
14015 FLORIDA BLVD	Electrical Permit (C) $350	Correct wiring	[O] [A] dale griffin [C] GRIFFIN’S ELECTRICAL, LLC – Dale Griffin
1038 MAIN ST	Gas Test Permit (C) $1	Gas permit	[O] [A] MIKE LASSEIGNE [C] Baton Rouge Sewer & Drain Service Inc DBA Roto Rooter – Michael Lasseigne
14340 S CHOCTAW DR EXT	Occupancy Permit (C) N/A	Front Building (Building #1) is mainly office space with small area of warehouse.	[O] Ridge Miguez [A] Ridge Miguez [C] N/A
3266 DRUSILLA LN	Occupancy Permit (C) N/A	This building is used as an office building. Ste. 3A	[O] [A] Michael DiVincenti [C] N/A
14340 S CHOCTAW DR EXT	Occupancy Permit (C) N/A	Building labeled #2, which is the middle building on the property. Will be used for the storage and warehousing of packaged lubricants and automotive chemicals.	[O] [A] Ridge Miguez [C] N/A
14340 S CHOCTAW DR EXT	Occupancy Permit (C) N/A	Building #3, the back large building with roll up doors. Will be used for warehousing of packaged lubricants and automotive chemicals.	[O] [A] Ridge Miguez [C] N/A
8852 GREENWELL SPRINGS RD	Occupancy Permit (C) N/A	this will be a fitness center and workout facility. Suite D	[O] Dianne Adcox [A] Dianne Adcox [C] N/A
11244 FLORIDA BLVD	Occupancy Permit (C) N/A	changing LLC name, business stays exactly the same.	[O] [A] Yue Feng Chen [C] N/A
3135 HIGHLAND RD	Occupancy Permit (C) N/A	Student Housing Apartment Complex	[O] [A] Jessica Molon-Galbo [C] N/A
6748 RENOIR AVE	Occupancy Permit (C) N/A	Storage and light work on containers (limited to hand tools).	[O] [A] Jamie Dellapa [C] N/A
606 STE D COLONIAL DR	Occupancy Permit (C) N/A	Vacant Suite. Suite D. BRFD	[O] [A] Samantha Langlois [C] N/A
6620 GREENWELL SPRINGS RD	Occupancy Permit (Clean & Show) (C) N/A	Tenant is moving out. Owner, 6620 Warehouse LLC, is transferring utilities in its name for a Clean & Show in order to place building on the market to lease.	[O] [A] Lisa Gilbert [C] N/A
8560 FLORIDA BLVD	Occupancy Permit (Clean & Show) (C) N/A	new owner of the building, im just trying to transfer electric into my name and entergy asked me to do this Clean & Show.	[O] [A] kevin ibrahim [C] N/A
717 S FOSTER DR	Occupancy Permit (C) N/A	Massage Therapy/Spa	[O] [A] Dadreal Sanders-Simmons [C] N/A
4517 GUS YOUNG AVE	Occupancy Permit (C) N/A	Making and selling snowballs. Power turned on for this restaurant.	[O] [A] Jeffrey Hill [C] N/A
6401 BLUEBONNET BLVD	Occupancy Permit (C) N/A	We are a store in the Mall of Louisiana, we will be selling western clothing and attire. Ste. 1096	[O] Hilal Doksanoglu [A] Selim Doksanoglu [C] N/A
1097 STE C S FLANNERY RD	Change in Occupancy/Use Classification (C) N/A	storage Building W/ NO CHANGES TO BUILDING	[O] [A] Chuong Andrew Nguyen [C] N/A
6440 RAWLINS ST	Occupancy Permit (C) N/A	The current occupancy permit (Permit No. 158452) is in the name of Louisiana Towing and Recovery, LLC. All information on the original permit application is the same. There has been no construction of any kind on the property. The only change made is the name of the company: Louisiana Fleet and Salvage, LLC d/b/a Louisiana Fleet Service. The property will be used and continue to be occupied for the same type of business.	[O] [A] Suzanne Simoneaux [C] N/A
11376 DARRYL DR	Occupancy Permit (C) N/A	Storage Facility	[O] [A] Dameon Johnice [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

marketing@elifinrealty.com