The Pulse BR: Former Spanish Moon on Highland Rd sells

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

Commercial Sales Recorded Last Week

11271 Reiger Rd
11271 Reiger Rd

Type: Hospitality
Price: $10,250,000 ($101,485 / Unit)
Buyer: ALH Properties No Twenty Six LP
Elifin’s Notes: American Liberty Hospitality, a Texas-based hotel development and management company, purchases the Hampton Inn & Suites Baton Rouge off Reiger Rd.

9181 Interline Ave
9181 Interline Ave

Type: Office
Price: $10,030,000 ($364 / SF)
Buyer: NGP VII Baton Rouge LA HRSA LLC
Elifin’s Notes: Virginia-based investors purchase Interline Ave office leased to the Health Resources & Services Administration.

7968 Essen Park Ave
7968 Essen Park Ave

Type: Office
Price: $5,187,279 ($141 / SF)
Buyer: NGP VII Baton Rouge LA VA LLC
Elifin’s Notes: Virginia-based investors purchase the Baton Rouge VA Outpatient Clinic off Essen Park Ave.

2330 O'Neal Lane
2330 O’Neal Lane

Type: Retail
Price: $4,865,000 ($1,081 / SF)
Buyer: Greenridge Retail LLC
Elifin’s Notes: Texas-based investor purchases Fast Stop gas station off O’Neal Lane.

4276 Arnold Lane
4276 Arnold Lane

Type: Multifamily
Price: $900,000 ($56,250 / Unit)
Buyer: Sanovan Properties LLC
Elifin’s Notes: Local investor purchases the Courtland Apartments, a two building 16 unit complex just off Airline Hwy.

1109 Highland Rd
1109 Highland Rd

Type: Retail
Price: $385,000 ($69 / SF)
Buyer: Tilt LLC
Elifin’s Notes: TILT, a local marketing firm, purchases the former Spanish Moon bar with plans to renovate the property for the company’s local headquarters.

10345 S Perdue Ave
10345 S Perdue Ave

Type: Industrial
Price: $250,000 ($34 / SF)
Buyer: Terry Ratliff
Elifin’s Notes: Office/warehouse sells to local investor.

Upcoming Planning Commission Cases

A.C. Lewis YMCA

  • Submitted 9/29/22 by Zach Schmidt. Proposed health club and multifamily residential development on property located on the west side of South Foster Drive, north of Government Street.
  • Plans – 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 Realty
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