The Pulse BR: Impact Charter School purchases Baker property

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

Commercial Sales Recorded Last Week

4815 Lavey Lane
4815 Lavey Lane

Type: Specialty
Price: $8,530,000 ($252 / SF)
Buyer: Friends of Impact Charter Schools
Elifin’s Notes: Impact Charter School purchases their facility on Lavey Lane in Baker.

19.5 Acre Tract Highland Rd
19.5 Acre Tract Highland Rd

Type: Land
Price: $5,250,000 ($6.18 / Land SF)
Buyer: The Lake at Magnolia Woods LLC
Elifin’s Notes: 19.5 acres of undeveloped land sells in the Magnolia Woods subdivision between Highland Rd and Menlo Dr.

9243 Interline Ave
9243 Interline Ave

Type: Office
Price: $3,750,000 ($236 / SF)
Buyer: Tres Bien Ventures LLC
Elifin’s Notes: Swagelok purchases the company’s Interline Ave facility.

5563 Banyan Ct
5563 Banyan Ct

Type: Portfolio
Price: $1,457,488 ($58,300 / Unit)
Buyer: RSB Development Group II LLC
Elifin’s Notes: Red Stick Brothers purchases 25 single family homes off Hollywood St in north Baton Rouge.

11821 Cloverland Ave
11821 Cloverland Ave

Type: Industrial
Price: $1,127,515 ($106 / SF)
Buyer: Red Stick Service Group LLC
Elifin’s Notes: Restoration One of East Baton Rouge purchase office/warehouse off Airline Hwy.

5403 Banyan Trace Dr
5403 Banyan Trace Dr

Type: Portfolio
Price: $1,067,512 ($50,834 / Unit)
Buyer: RSB Development Group II LLC
Elifin’s Notes: Red Stick Brothers purchases 15 properties off Hollywood St in north Baton Rouge including 6 duplexes and 9 single family homes.

985 Monet Drive
985 Monet Drive

Type: Multifamily
Price: $850,000 ($42,500 / Unit)
Buyer: 985 Monet Drive LLC
Elifin’s Notes: Shady Lane Apartments, a 20-unit complex, sells off Harry Dr and Lobdell Blvd in the Melrose East subdivision.

3617 Hwy 19
3617 Hwy 19

Type: Retail
Price: $600,000 ($214 / SF)
Buyer: WSR LAND, LLC
Elifin’s Notes: Quality Tire & Car Care Center sells in Zachary.

Tract C-2-A-1-A-1-C Ben Hur Rd
Tract C-2-A-1-A-1-C Ben Hur Rd

Type: Land
Price: $278,500 ($5.28 / Land SF)
Buyer: Stalter OZ LLC
Elifin’s Notes: Local real estate agent, Benjamin Stalter, purchases vacant lot on Ben Hur Rd.

Tracts C-1-C, C-1-D-1, C-1-D-2 Magnolia Square Dr
Tracts C-1-C, C-1-D-1, C-1-D-2 Magnolia Square Dr

Type: Land
Price: $150,000 ($5.94 / Land SF)
Buyer: J & L Investments Properties Inc
Elifin’s Notes: The last commercial tracts at the Village at Magnolia Square in Central sells to the owners of Central Plumbing.

972 Main St
972 Main St

Type: Retail
Price: Withheld
Buyer: Benny’s Baker LLC
Elifin’s Notes: Benny’s Car Wash purchases the Tobacco & Liquor Outlet in Baker. The store neighbors multiple lots the local company purchased in May. Price withheld.


Upcoming Planning Commission Cases

Axe Throwing Venue on Lee Drive

  • Submitted 9/1/2022 by SKAL Covington LLC. Proposed rezoning from Heavy Commercial (C2) to Commercial Alcoholic Beverage (bar and lounge)(C-AB-2) on property located on the south side of West Lee Drive, east of Nicholson Drive for new axe throwing venue.
  • Application – View on Map

 
Street Name Change

  • Submitted 9/29/2022 by Byron Sharper. Proposed renaming of East Washington Street to Lorri Burgess Avenue in honor of the late Councilwoman for District 10.
  • 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
marketing@elifinrealty.com
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