The Pulse BR: Former George’s Building Under Perkins Overpass Sold

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

Commercial Sales Recorded Last Week

11528 Old Hammond Highway
11528 Old Hammond Highway

Type: Multifamily
Price: $11,300,000 ($60,753 / Unit)
Buyer: TV Eden Point LLC
Elifin’s Notes: Eden Point Apartments, a 186 unit complex on Old Hammond Hwy, sells to California-based investors.

7414 Sumrall Dr
7414 Sumrall Dr

Type: Healthcare
Price: $2,227,500 ($58 / SF)
Buyer: GBT Properties LLC
Elifin’s Notes: Former assisted living facility on Sumrall Dr near the Mickens Rd intersection sells to local investor.

Tract 4-C-1-B Industriplex Blvd
Tract 4-C-1-B Industriplex Blvd

Type: Land
Price: $1,960,000 ($5.27 / Land SF)
Buyer: 760 Industriplex LLC
Elifin’s Notes: Local developer purchases 8.53 vacant lot at the end of Industriplex Blvd behind the Academy Sports with plans to build a 78 unit townhouse development called 760 @ Industriplex.

675 Wooddale Boulevard
675 Wooddale Boulevard

Type: Multifamily
Price: $1,880,000 ($30,323 / Unit)
Buyer: Kareem Holdings LLC
Elifin’s Notes: Sixty-two units in the Colonial Terrace Condominiums, a multi-family complex on Wooddale Blvd near the Florida Blvd intersection, sells to an investor out of Gretna, Louisiana.

1919 N Foster Dr
1919 N Foster Dr

Type: Office
Price: $1,430,000 ($179 / SF)
Buyer: SMBC Leasing and Finance Inc
Elifin’s Notes: Fresenius Kidney Care facility on N Foster sells to New York-based investors.

2943 Perkins Rd
2943 Perkins Rd

Type: Retail
Price: $540,000 ($135 / SF)
Buyer: WS Holdings LLC
Elifin’s Notes: Former George’s location at the Perkins Rd overpass is purchased by local real estate agent, Benjamin Stalter.

2082 Main St
2082 Main St

Type: Retail
Price: $380,000 ($118 / SF)
Buyer: NVO Investments LLC
Elifin’s Notes: Former Capital One branch in Baker sells to local investor.

8380 Tom Dr
8380 Tom Dr

Type: Industrial
Price: $180,000 ($29 / SF)
Buyer: J&A Custom Construction LLC
Elifin’s Notes: J & A Custom Construction purchases the company’s Tom Dr facility.


Upcoming Planning Commission Cases

Kodiak Business Park

  • Submitted 10/23/2019 by Metro Council. Proposed major commercial subdivision with a public street on property located on the east side of Baringer Foreman Road, north of Airline Highway. ±12.77 acres.
  • Staff Report – Application – View on Map

 

 


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®
Elifin Realty
marketing@elifinrealty.com
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