The Pulse BR: Former Albertsons sold for 3.9mm

23 Jan The Pulse BR: Former Albertsons sold for 3.9mm

Posted at 08:59h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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

Commercial Sales Recorded Last Week

3401 Oak Villa Blvd

Type: Industrial
Price: $3,960,245 ($63 / SF)
Buyer: OVGS LLC
Elifin’s Notes: Local investor purchases former Albertsons location on the corner of Oak Villa Blvd and Greenwell Springs Rd.

12240 S Harrells Ferry

Type: Land
Price: $1,500,000 ($10.22 / Land SF)
Buyer: Wilson Family LLC
Elifin’s Notes: New Orleans-based investors purchases 3+ acres of interstate fronted property off I-12.

14800 Wax Rd

Type: Retail
Price: $875,000 ($91 / SF)
Buyer: Ichiban Holdings LLC
Elifin’s Notes: Ichiban Sushi owners purchase the former Sammy’s Grill in Central.

4981 Bluebonnet Blvd

Type: Office
Price: $856,000 ($239 / SF)
Buyer: Scojo Properties LLC
Elifin’s Notes: Office building sells in the Magnolia Courts Office Park.

8835, 8901 Old Hermitage Parkway

Type: Portfolio
Price: $775,000 ($96,875 / Unit)
Buyer: OLD HERMITAGE PARKWAY DEVELOPMENT, LLC
Elifin’s Notes: Investor purchases two 4-plexes just off of Gardere Lane.

7112 Florida Blvd

Type: Retail
Price: $532,500 ($187 / SF)
Buyer: All Star Properties LLC
Elifin’s Notes: Local investor and restaurateur purchases Florida Blvd restaurant.

6749, 6753 Cezanne Ave

Type: Healthcare
Price: $300,000 ($31 / SF)
Buyer: City of Faith Prison Ministries
Elifin’s Notes: City of Faith Prison Ministries, a non-profit organization specializing in prisoner reentry, purchases facility on Cezanne Ave.

17360 Florida Blvd

Type: Retail
Price: $245,000 ($69 / SF)
Buyer: Iglesia Evangelica Monte Hermon
Elifin’s Notes: Iglesia Evangelica Monte Hermon purchases commercial property on the corner of Florida Blvd and Old Hammond Hwy.

Upcoming Planning Commission Cases

The Village at Magnolia Woods

Submitted 1/5/23 by Matt Estopinal. Proposed mixed use development with low and medium density residential and commercial/office uses on property located located on the north side of Highland Road, east of Magnolia Wood Avenue.
Application – View on Map

Penske

Submitted 1/4/23 by Jonathan Puffer. Proposed commercial truck rental development on property located east of Pecue Lane, north of Interstate 10.
Application – View on Map

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
400 NORTH BLVD	Commercial: Remodel $5,000,000	Interior and Exterior Renovation and Addition of 5,268 s.f. to create 4th floor onto 90 Room hotel, with Restaurant and Bar.	[O] [A] James Warford [C] Southern Cross Construction Company, Inc. of MS
3445 BLDG 2 BLUEBONNET BLVD	Commercial: New $3,215,734	This a new construction apartment community. This permit is for BUILDING 2 (36 Units). Units 2101-2112, 2201-2212, 2301-2312.	[O] Toby Easterly [A] Morgan Koles [C] STOA CONSTRUCTION, L.L.C.
5295 HIGHLAND RD	Commercial: Shell $1,000,050	(Expedited) New construction of 2,919 sq. ft., SHELL ONLY Building with Slab Leave Out for a future restaurant and site work including grease trap and trash enclosure.	[O] Ransom Pipes [A] MELISSA HABA [C] Buquet and LeBlanc, Incorporated
10214 JEFFERSON HWY	Commercial: New $544,000	New construction of a 4,940 square foot building (Bldg. 4) in The Exchange Office Complex.	[O] Matt Mullins [A] Chelsey Cochran [C] HADDAD CONTRACTORS LLC
9740 FLORIDA BLVD	Commercial: Remodel $233,992	Renovation to expand supermarket into adjacent suite for back of house freezers/coolers, prep and breakroom.	[O] Clark Heebe [A] Kristin Fontenot [C] SALCO CONSTRUCTION, INC.
11554 ELLEN DR	Solar $92,472	Installation of 17.52 solar panels located on roof of dwelling Installation of 17.52 solar panels located on roof of dwelling	[O] Zorick Beverly [A] Avery Page [C] Green Light Solar, LLC of Texas – Bret Anthony Duplantis
11550 W BRICKSOME AVE	Commercial: New $65,000	New construction of 1,320 s.f. bldg. for Storage, S-1, use, including 880 s.f. enclosed and 440 s.f. open canopy areas.	[O] Tim Bourgeois [A] chad roper [C] ALFRED ROPER CONTRACTOR, INC.
8342 MICKENS RD	Commercial: Remodel $45,000	ATC 419442 – AT&T Upgrade to Cell Tower	[O] [A] Sara Wheelis [C] MASTEC NETWORK SOLUTIONS, LLC
5224 FLORIDA BLVD	Commercial: Remodel $35,000	Interior Remodel to existing McDonald’s.	[O] Andy Lee [A] Jasmine Rios [C] F. BAHAM CONSTRUCTION CO., INC.
8585 ARCHIVES AVE	Commercial: Remodel $20,000	(Expedited) Renovations to extend a corridor on the 3rd floor of the XII United building, as required by tenants	[O] Joe Goudeau [A] Martha Salomon [C] Stirling Properties – Joe Goudeau
6544 LEBRENT AVE	Solar $18,000	Install 5.81 kW solar panel system on existing home – no structural changes.	[O] Farrah Jarvis [A] Glynn Raye Woodall Jr. [C] PosiGen Developer, LLC – Evelyn Ailshie
1831 CARL AVE	Solar $15,000	Roof Mounted Solar Panels	[O] Jeffrey Cantin [A] Jeffrey Cantin [C] Solar Alternatives – Jeffrey Cantin
3033 DENA LYNN AVE	Solar $11,000	Install 5.64 kW solar panel system on existing home – no structural changes.	[O] Tonia Hodge [A] Evelyn Ailshie [C] PosiGen Developer, LLC – Evelyn Ailshie
2436 STE E NORTH ST	Commercial: Remodel $6,000	Remodel of empty space Suite E, 1,010 s.f. for daiquiri shop, Business use (Assembly under 50).	[O] Marjoe Holmes [A] Butch Evans [C] n/a – Marjoe Holmes
1219 HAIG ST	Fence $1,500	Fence	[O] Buck Langston [A] Joshua Magee [C] N/A
15525 FIELDS CREEK AVE	Fence $400	Fence divide property	[O] Justo Aracil [A] Justo Aracil [C] Fantasy Stone Works LLC
6985 BOONE DR	Gas Test $1	I need to get a gas meter installed onto the existing gas line at the house. There is existing gas supplied to the house but there is no meter installed.	[O] William Muldowny [A] William Muldowny [C] N/A
3044 LOBELIA AVE	Occupancy $1	power to existing house entergy	[O] phoebe jamison [A] Parry Matt Thomas [C] N/A
10049 N RIEGER RD	Occupancy: Clean N/A	Clean and Show	[O] Patrick Marmande [A] Patrick Marmande [C] M&L Industries, LLC – Patrick Marmande
6722 PERIMETER DR	Occupancy N/A	Residential Home	[O] Shan Charles [A] Shan Charles [C] N/A
11911 JUSTICE AVE	Occupancy: Clean N/A	Clean and Show	[O] Grey Hammett [A] Grey Hammett [C] N/A
18252 VIS-A-VIS AVE	Fence N/A	We have to move our current fence because it was built on a drainage servitude per Drainage	[O] William Fletcher [A] William Fletcher [C] N/A
7575 JEFFERSON HWY	Occupancy N/A	Photography studio	[O] Kris Klar [A] Rachel Ezzo [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.

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