06 Apr The Pulse BR: Former Var’s Pizza building sold
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension.
Commercial Sales Recorded Last Week

4430 Hatcher Ave, Baton Rouge, LA 70806
Type: Multifamily
Price: $3,500,000 ($38,889 / Unit)
Buyer: Anotal Spanish Oaks LLC
Elifin’s Notes: The Spanish Oaks Apartments, 90-units, sells in Mid-City.

10050 Hyacinth Ave, Baton Rouge, LA 70810
Type: Multifamily
Price: $1,245,000 ($103,750 / Unit)
Buyer: Cross Bough Apartments LLC
Elifin’s Notes: The Cross Bough Apartments, 12-units, sells on Hyacinth Avenue.

9438 Sullivan Rd, Baton Rouge, LA 70818
Type: Land
Price: $800,000 ($10.80 / Land SF)
Buyer: Southern Ventures Development LLC
Elifin’s Notes: An entity out of Lafayette, purchases this 1+ acre tract, in addition to the 31+ acre neighboring tract, with plans to build out the Reserve at Sullivan, an 84 home residential subdivision with 2 commercial lots.

10025, 10037 Ave H: 10032 Ave I, Baton Rouge, LA 70807
Type: Multifamily
Price: $650,000 ($27,083 / Unit)
Buyer: DSG Properties LLC
Elifin’s Notes: A 24-unit apartment complex sells north of Southern University.

5930 Plank Rd, Baton Rouge, LA 70805
Type: Retail
Price: $600,000 ($888.89 / SF)
Buyer: Plank3 Holdings LLC
Elifin’s Notes: A retail property with a drive thru on either side sitting on 1.23 acres sells on Plank Road.

8828, 9132 GSRI Ave, Baton Rouge, LA 70810
Type: Multifamily
Price: $570,000 ($71,250 / Unit)
Buyer: 1458 Jade LLC
Elifin’s Notes: Two fourplexes sell together on GSRI Avenue.

9448 Sullivan Rd, Baton Rouge, LA 70818
Type: Land
Price: $500,000 ($0.37 / Land SF)
Buyer: Southern Ventures Development LLC
Elifin’s Notes: An entity out of Lafayette, purchases this 31+ acre tract with plans to build out the Reserve at Sullivan, a 84 home residential subdivision with 2 commercial lots.

3172 Millerville Rd, Baton Rouge, LA 70816
Type: Industrial
Price: $400,000 ($149.93 / SF)
Buyer: Millerville Properties of LA LLC
Elifin’s Notes: An industrial property formerly operated as a cycle shop sells on Millerville Road.

408 Marchand Dr, Donaldsonville, LA 70346
Type: Office
Price: $325,000 ($179.36 / SF)
Buyer: Cyma & Partners LLC
Elifin’s Notes: A two suite office property sells on Marchand Drive.

947, 957 Grebe St, Baton Rouge, LA 70807
Type: Multifamily
Price: $275,000 ($34,375 / Unit)
Buyer: Monet Street LLC
Elifin’s Notes: An 8-unit multifamily property with all 2BR/1BA units sells on Grebe Street.

14827 Old Hammond Hwy, Baton Rouge, LA 70816
Type: Industrial
Price: $190,000 ($37.92 / SF)
Buyer: Ricks Investments LLC
Elifin’s Notes: An industrial warehouse property changes ownership near Riveroaks Elementary School.

41058 Hwy 931, Gonzales, LA 70737
Type: Land
Price: $170,000 ($2.79 / Land SF)
Buyer: RLJ Capital LLC
Elifin’s Notes: This same buyer purchased the tract next to this one in March of this year.

3060 Scenic Hwy, Baton Rouge, LA 70805
Type: Office
Price: $150,000 ($40.88 / SF)
Buyer: Unique Abilities LLC
Elifin’s Notes: An office property changes ownership on Scenic Highway.

3526 N Sherwood Forest Dr, Baton Rouge, LA 70814
Type: Land
Price: $100,000 ($3.43 / Land SF)
Buyer: Hatijo Investment Properties LLC
Elifin’s Notes: A 0.6+ acre parcel of commercial land sells at the corner of North Sherwood Forest Drive and Catalina Avenue.

3030 Perkins Rd, Baton Rouge, LA 70808
Type: Retail
Price: Withheld
Buyer: Tudo Bem LLC
Elifin’s Notes: The former gas station, turned restaurant property formerly occupied by Vars Pizza sells on Perkins Road near the Overpass.

3119 W Outfitters Dr, Gonzales, LA 70737
Type: Land
Price: Withheld
Buyer: 3100LA LLC
Elifin’s Notes: A New York-based company purchases a 2+ acre parcel of commercial land next to Bass Pro Shops in Gonzales.

36572 C Braud Rd, Prairieville, LA 70769
Type: Retail
Price: Withheld
Buyer: C Store Properties LLC
Elifin’s Notes: A Dairy Queen Grill & Chill fast food chain property sells on C Braud Road.
Commercial Permits Issued Last Week
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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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