The Pulse BR: Hotel on Harding Blvd sells for 3.7mm

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

Commercial Sales Recorded Last Week

3444 Harding Blvd
3444 Harding Blvd

Type: Hospitality
Price: $3,700,000 ($47,436 / Unit)
Buyer: Maruti Hotel LLC
Elifin’s Notes: Microtel Inn & Suites, a 78-unit hotel, sells at the corner of Howell Blvd and Harding Rd.

7077 S Choctaw Dr
7077 S Choctaw Dr

Type: Industrial
Price: $2,851,983 ($38.03 / SF)
Buyer: Ryan Jumonville
Elifin’s Notes: Destin-based investor purchases facility on S Choctaw Dr formerly used as a food distribution center for McDonald’s.

10920 Coursey Blvd
10920 Coursey Blvd

Type: Industrial
Price: $1,650,000 ($106.62 / SF)
Buyer: Catholic Charities of the Diocese of Baton Rouge Inc
Elifin’s Notes: Catholic Charities of Baton Rouge purchases former Re-Bath building on Coursey Blvd.

12703 Greenwell Springs Rd
12703 Greenwell Springs Rd

Type: Retail
Price: $1,605,941 ($150.93 / SF)
Buyer: Exchangeright Net-Leased Portfolio 65 DST
Elifin’s Notes: Exchange Right, a California-based real estate investment firm, purchases Dollar General on Greenwell Springs Rd.

13455 Jefferson Hwy
13455 Jefferson Hwy

Type: Land
Price: $600,000 ($6.56 / Land SF)
Buyer: Jeffbend LLC
Elifin’s Notes: Local investor/developer purchases 2+ acre lot on the corner of Jefferson Hwy and Tiger Bend Rd.

1881 Wooddale Blvd
1881 Wooddale Blvd

Type: Office
Price: $600,000 ($105.26 / SF)
Buyer: Westminster Academy Inc
Elifin’s Notes: Westminster Academy purchases office building on Wooddale Blvd.

15590 Florida Blvd
15590 Florida Blvd

Type: Industrial
Price: $535,000 ($90.68 / SF)
Buyer: One Remington Properties IV, LLC
Elifin’s Notes: New York-based buyer purchases investment retail property on Florida Blvd near the Central Thruway, Oneal Lane intersection.

10575 Airline Hwy
10575 Airline Hwy

Type: Land
Price: $175,000 ($14.88 / Land SF)
Buyer: RCW Properties LLC
Elifin’s Notes: Airline Hwy car wash sells to Prairieville-based investor.

6943 Jefferson Hwy
6943 Jefferson Hwy

Type: Office
Price: Withheld
Buyer: Loftin Holdings LLC
Elifin’s Notes: Artistic Dentistry on Jefferson Hwy is purchased by Dr. Melissa Loftin, DDS.


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
marketing@elifinrealty.com
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