The Pulse BR: Hotel in Zachary sold

06 Oct The Pulse BR: Hotel in Zachary sold

Posted at 10:06h 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

7800 Innovation Park Dr, Baton Rouge, LA 70820

Type: Specialty
Price: $12,539,727 ($171.72 / SF)
Buyer: 22Beacon Facilities Corporation
Elifin’s Notes: 22Beacon Facilities Corporation, a Maryland-based non-profit organization, acquires a school property on Innovation Park Drive.

4415 American Way, Baton Rouge, LA 70816

Type: Office
Price: $2,600,000 ($157.79 / SF)
Buyer: CENROCK American LLC
Elifin’s Notes: A local entity purchases an office property on American Way.

5140 Hwy 19, Zachary, LA 70791

Type: Hospitality
Price: $2,214,413 ($40,262 / Unit)
Buyer: LA 19 Hospitality LLC
Elifin’s Notes: LA 19 Hospitality LLC acquires a hotel property consisting of 55 units in Zachary.

15025 Florida Blvd, Baton Rouge, LA 70819

Type: Land
Price: $1,250,000 ($1.58 / Land SF)
Buyer: Waste Pro of Louisiana, Inc.
Elifin’s Notes: Waste Pro of Louisiana purchases 18+ acres of vacant land on Florida Boulevard.

4759 Earl Gros Ave, Baton Rouge, LA 70820

Type: Multifamily
Price: $1,000,000 ($13,514 / Unit)
Buyer: JM Properties Baton LLC
Elifin’s Notes: Stadium Square Apartments, a 74 unit complex, sells in Tigerland.

606 Colonial Dr, Baton Rouge, LA 70806

Type: Office
Price: $708,684 ($72.57 / SF)
Buyer: JSOC Commercial Holdings LLC
Elifin’s Notes: A multi-tenant office property sells near Independence Park.

402 Marchand Dr, Donaldsonville, LA 70346

Type: Retail
Price: $680,000 ($109.06 / SF)
Buyer: Lemon Tree & Co LLC
Elifin’s Notes: A Georgia-based entity purchases the Sav-A-Lot Meat Market property in Donaldsonville.

2790 W Outfitters Dr, Gonzales, LA 70737

Type: Land
Price: $430,000 ($7.26 / Land SF)
Buyer: Top Notch Enterprises LLC
Elifin’s Notes: Top Notch Enterprises LLC purchases a 1+ acre parcel of commercial land on West Outfitters Drive.

4920 Jamestown Ave, Baton Rouge, LA 70808

Type: Office
Price: $400,000 ($117.13 / SF)
Buyer: BB Prime Property LLC
Elifin’s Notes: A local investor purchases an office property on Jamestown Avenue.

10500 Greenwell Springs Rd, Baton Rouge, LA 70814

Type: Retail
Price: $400,000 ($19.87 / SF)
Buyer: LAZ Properties 1 LLC
Elifin’s Notes: A Harvey-based investor purchases the Evan Brooks Retail Plaza.

5329 Dijon Dr (Unit 107), Baton Rouge, LA 70808

Type: Office
Price: $299,000 ($138.75 / SF)
Buyer: Camcosi LLC
Elifin’s Notes: Camcosi LLC acquires an office condo unit on Dijon Drive.

Tract B-1-A-1-A-2-A-2 Samuels Rd, Zachary, LA 70791

Type: Land
Price: $125,000 ($2.87 / Land SF)
Buyer: Geronimo Hardwood Timber LLC
Elifin’s Notes: An acre of land sells in Zachary.

14311, 14330 Wax Rd, Baton Rouge, LA 70818

Type: Mixed Portfolio
Price: Withheld
Buyer: Good Life Collective LLC
Elifin’s Notes: Good Life Collective LLC purchases a pair of commercial properties on Wax Road in Zachary.

200 Convention St, Baton Rouge, LA 70801

Type: Hospitality
Price: Withheld
Buyer: Shree Durga Hospitality LLC
Elifin’s Notes: Shree Durga Hospitality LLC, an Alabama-based entity, purchases the 93-room Hotel Indigo in Downtown.

Tract G-1-A Hwy 30, Gonzales, LA 70737

Type: Land
Price: Withheld
Buyer: 2200 Range LLC
Elifin’s Notes: An area investor purchases a little over half an acre of vacant commercial land in Gonzales.

5959 Burbank Dr, Baton Rouge, LA 70820

Type: Multifamily
Price: Withheld
Buyer: PRG Baton Rouge I LLC
Elifin’s Notes: An Alabama-based entity purchases the 204-unit Wildwood Apartment complex.

16173 Perkins Rd (Bldg D), Baton Rouge, LA 70810

Type: Office
Price: Withheld
Buyer: Vindez Corporation
Elifin’s Notes: An office building, part of a condominium complex, sells on Perkins Road.

8585 Archives Ave, Baton Rouge, LA 70809

Type: Office
Price: Withheld
Buyer: Office Facilities Corporation
Elifin’s Notes: The State of Louisiana purchases a three-story office building along with a parking garage within the United Plaza Office Park.

4600 Burbank Dr, Baton Rouge, LA 70820

Type: Multifamily
Price: Withheld
Buyer: MS Geaux Tigers Owners LLC
Elifin’s Notes: A California-based investment group purchases the 134-unit Maison Burbank apartment complex.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
122 LOBDELL BLVD	Existing Bldg – Remodel Only (C) $360,000	(EXPEDITED) Interior FOH renovation: new wall finishes and new ceiling finishes. Paint exterior of building	[O] [A] Hayden Brown [C] SanMar Management Company – Armando Martin
755 W LEE DR	Interior Shell Buildout (C) $200,000	Tenant Build Out of a conditioned space to attain warm dark shell conversion for future tenant use.	[O] [A] Michael Martin [C] KEN TILLAGE CONSTRUCTION COMPANY, LLC
10551 COURSEY BLVD	Solar Permit (C) $100,000	Install battery back up solar electric system	[O] [A] SHELIA HARRISON [C] Ecobuild LLC – Richard Alvie Carroll
10915 FLORIDA BLVD	Existing Bldg – Remodel Only (C) $53,156	Re-build drive thru overhang * exterior work only	[O] Checkerz Williams [A] Caleb Clark [C] CC Construction & Roofing LLC
2920 ROSENWALD RD	Electrical Permit (C) $40,033	REPAIR SERVICE ENTRANCE DISCONNECT AND REPLACE PANEL.	[O] [A] [C] N/A
2071 WOODDALE BLVD	Existing Bldg – Addition & Remodel (Both) (C) $30,000	(EXPEDITED ) Remodel to add a Crematory Sprinkler system for a funeral home to include fire-rated construction.	[O] Andre Hamilton [A] Garrett Gibbens [C] GIBBENS CONSTRUCTORS LLC
8121 FLORIDA BLVD	Existing Bldg – Remodel Only (C) $20,000	(EXPEDITED) Interior renovations for a fast food restaurant (previously a fast food restaurant).	[O] Naser Abudyak [A] Britany Dealminana [C] N/A
16777 MEDICAL CENTER DR	Electrical Permit (C) $5,000	Repair damage to service for bill board sign on property at Ochsner Hospital on O’Neal Lane.	[O] Jacob Beck [A] Micaiah Broussard [C] DOYLE ELECTRIC, INC.
1919 BOULEVARD DE PROVINCE	Existing Bldg – Remodel Only (C) $5,000	Request for Closed Wall Permit. Scope of Work: Install R13 Insulation. Install 5/18 Fire Guard, Fire Resistant Type X Drywall 4 ft down in downstairs units only. Building 3: Unit 125, Unit 127, Unit 128, Unit 130. No site work.	[O] Rick Wheat [A] Amber Bell [C] N/A
3809 GOVERNMENT ST	Fence Permit (C) $5,000	Baton Rouge Music Studios teaches music classes to children and hold student recitals in the front yard facing Government Street.	[O] [A] Douglas Gay [C] N/A
799 GARDERE LN	Electrical Permit (C) $4,500	Rebuilt damaged electrical service on Lamar Advertising Billboard.	[O] [A] Colin MacKenzie [C] DOYLE ELECTRIC, INC.
600 E POLK ST	Gas Test Permit (C) $2,800	New 1 Line installed from meter to new stove location	[O] Omar Hussein [A] Jason Clark [C] Express Plumbing Repair and Drain Cleaning, LLC
2100 COLLEGE DR	Electrical Permit (C) $2,770	DISCONNECT/RECONNECT (ENTERGY APT #119) CHANGING OUT METER SOCKET	[O] [A] [C] Rebel Electric, LLC – Craig Simoneaux
510 N 6TH ST	Existing Bldg – Remodel Only (C) $2,000	(EXPEDITED) Removal of existing drive-thru window and installation of ITM (Interactive Teller Machine). Scope includes framing and finishing the remaining wall opening to match existing interior and exterior finishes.	[O] [A] John Benton [C] FACILITIES MAINTENANCE MANAGEMENT, L.L.C.
11169 PLANK RD	Electrical Permit (C) $2,000	Mobile trailer office. Set overhead power pole and ran conduit and feeders to trailer.	[O] [A] [C] N/A
6074 STUMBERG LN	Electrical Permit (C) $1,800	Re-routing overhead feeder wires to building, to underground.	[O] [A] [C] C.R.A. Electric, LLC
10244 FLORIDA BLVD	Change in Occupancy/Use Classification (C) $1,000	Community outreach	[O] [A] Gregory Sublett [C] N/A
6776 CEZANNE AVE	Occupancy Permit (C) $500	new owner for apartment (house meter #1 )	[O] Brian Brousseau [A] Brian Brousseau [C] N/A
7454 TOWN SOUTH AVE	Fence Permit (C) N/A	We will be building a fence on a commercial property. We will be adding 106 feet of fence and a 20-foot rolling gate.	[O] [A] Jose Salas [C] 225Roofers, LLC – Naomi Salas
5457 N FOSTER DR	Demolition Permit (C) N/A	Mini Storage unit and concrete	[O] [A] Cornelius Quarels [C] N/A
7926 STE A WRENWOOD BLVD	Occupancy Permit (C) N/A	Small office space. Suite C	[O] [A] Adrian McQueen [C] N/A
11314 BOARDWALK DR	Occupancy Permit (C) N/A	This a 109-room exterior corridor hotel property with 3 stories. BRFD. 130962	[O] [A] Jitesh Patel [C] N/A
4157 N SHERWOOD FOREST DR	Occupancy Permit (C) N/A	Child Care	[O] [A] Shameika Dunn [C] N/A
12131 FLORIDA BLVD	Occupancy Permit (C) N/A	change of ownership church	[O] [A] Alex Rodas Maradiaga [C] N/A
6776 CEZANNE AVE	Occupancy Permit (C) N/A	O’Brien’s Apartments Complex	[O] Brian Brousseau [A] Brian Brousseau [C] N/A
1934 SCENIC HWY	Occupancy Permit (C) N/A	Daycare	[O] [A] Latoya Jones [C] N/A
12131 FLORIDA BLVD	Occupancy Permit (C) N/A	change of ownership church	[O] [A] Alex Rodas Maradiaga [C] N/A
4137 STE 210 S SHERWOOD FOREST BLVD	Occupancy Permit (Clean & Show) (C) N/A	Clean & show for power turn on	[O] [A] Heidi Claus [C] N/A
7505 JEFFERSON HWY	Occupancy Permit (Clean & Show) (C) N/A	New owner of restaurant. Future remodel permit required.	[O] [A] brumby broussard [C] N/A
524 N FOSTER DR	Occupancy Permit (C) N/A	automotive sakes	[O] [A] Chauncy Carter [C] N/A
3112 BALIS DR	Occupancy Permit (C) N/A	Ste B17-The Baton Rouge facility will be used for office-based operations in support of environmental consulting and engineering services. Activities conducted at this site will include: Research and records review Report preparation and quality control Coordination of site visits and subcontractors Administrative support and client communication	[O] Jim Blazek [A] Beth Neumann [C] N/A
11745 STE A4 BRICKSOME AVE	Occupancy Permit (C) N/A	Office Space. A-4	[O] [A] Robert Stewart [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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