The Pulse BR: Jefferson Lakes apartments sells for 13.75mm

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

Commercial Sales Recorded Last Week

12400 Jefferson Hwy, Baton Rouge, LA 70816
12400 Jefferson Hwy, Baton Rouge, LA 70816

Type: Multifamily
Price: $13,750,000 ($46,453 / Unit)
Buyer: Jefferson Lakes Apt LLC
Elifin’s Notes: Jefferson Lakes, a 290 unit apartment complex just off the Airline Hwy intersection, sells.

6500 Scenic Hwy, Baton Rouge, LA 70807
6500 Scenic Hwy, Baton Rouge, LA 70807

Type: Multifamily
Price: $7,100,000 ($84,524 / Unit)
Buyer: Scenic Gardens Estates LLC
Elifin’s Notes: New York-based investor purchases Scenic Gardens, an 84-unit complex off Scenic Hwy just north of the Airline Hwy intersection.

2159 Staring Lane, Baton Rouge, LA 70810
2159 Staring Lane, Baton Rouge, LA 70810

Type: Retail
Price: $2,800,000 ($251.91 / SF)
Buyer: Ace Landing Investment LLC
Elifin’s Notes: Former Walgreens on the corner of Staring Lane and Perkins Rd sells to Lafayette-based investors.

8166 Plank Rd, Baton Rouge, LA 70811
8166 Plank Rd, Baton Rouge, LA 70811

Type: Retail
Price: $1,794,531 ($454.31 / SF)
Buyer: The City of Baton Rouge
Elifin’s Notes: The Baton Rouge Airport purchases Hancock Whitney Bank branch on the corner of Plank Rd and Hooper Rd.

18247 Petroleum Dr, Baton Rouge, LA 70809
18247 Petroleum Dr, Baton Rouge, LA 70809

Type: Industrial
Price: $1,748,000 ($108.50 / SF)
Buyer: Get Your Wings LLC
Elifin’s Notes: Local real estate agents and investors, Edward Rotenberg and Lawrence Maestri, purchase office/warehouse on Petroleum Dr.

9720 Cortana Pl, Baton Rouge, LA 70815
9720 Cortana Pl, Baton Rouge, LA 70815

Type: Land
Price: $1,346,004 ($10.00 / Land SF)
Buyer: ALDI (Louisiana) LLC
Elifin’s Notes: Aldi continues its expansion into the Baton Rouge market by purchasing a parcel of land surrounding the new Amazon fulfillment center.

7317 Jefferson Hwy, Baton Rouge, LA 70806
7317 Jefferson Hwy, Baton Rouge, LA 70806

Type: Retail
Price: $1,218,000 ($243.60 / SF)
Buyer: Jefferson Suites LLC
Elifin’s Notes: Jefferson Hwy retail property that hosts Audacious Lily Salon and Hey Penelope as tenants sells to local investors.

329 Florida St, Baton Rouge, LA 70801
329 Florida St, Baton Rouge, LA 70801

Type: Retail
Price: $1,200,000 ($199.00 / SF)
Buyer: Louisiana Motor Transport Association Foundation
Elifin’s Notes: Louisiana Motor Transport Association purchases downtown, mixed use building on Florida St.

1203 Gardere Lane, Baton Rouge, LA 70810
1203 Gardere Lane, Baton Rouge, LA 70810

Type: Industrial
Price: $400,000 ($80.00 / SF)
Buyer: Jim & Faye Holding LLC
Elifin’s Notes: Pelican Pawn owners purchase the company’s Gardere Lane location.

9535 Brookline Ave, Baton Rouge, LA 70809
9535 Brookline Ave, Baton Rouge, LA 70809

Type: Office
Price: $335,000 ($166.17 / SF)
Buyer: Cheryl Palmer Designs, LLC
Elifin’s Notes: Medical office sells on Brookline Ave.

2857 Bern Dr, Baton Rouge, LA 70814
2857 Bern Dr, Baton Rouge, LA 70814

Type: Industrial
Price: $320,000 ($56.48 / SF)
Buyer: BRT Holdings, LLC
Elifin’s Notes: Newly renovated office/warehouse with large laydown yard sells off S Choctaw Dr.

2028 W Kenny Dr, Gonzales, LA 70737
2028 W Kenny Dr, Gonzales, LA 70737

Type: Land
Price: $240,000 ($5.40 / Land SF)
Buyer: Herrin Ventures LLC
Elifin’s Notes: A little over 1 acre of vacant commercial land changes hands within Commerce Park in Gonzales

6923 Airline Hwy, Baton Rouge, LA 70805
6923 Airline Hwy, Baton Rouge, LA 70805

Type: Land
Price: $100,000 ($2.91 / Land SF)
Buyer: Mariah Holmes
Elifin’s Notes: Zachary resident purchases vacant lot on the corner of Airline Hwy and Prescott Rd.


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
No Comments

Post A Comment