The Pulse BR: Land adjacent to new Rouses sells

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

Commercial Sales Recorded Last Week

12301 Coursey Blvd, Baton Rouge, LA 70816
12301 Coursey Blvd, Baton Rouge, LA 70816

Type: Office
Price: $2,950,000 ($73.75 / SF)
Buyer: 12301 Coursey LLC
Elifin’s Notes: Local real estate investor Michael Diveincenti, Jr. purchases two-story office building on Coursey Blvd.

305 E Hwy 30, Gonzales, LA 70737
305 E Hwy 30, Gonzales, LA 70737

Type: Industrial
Price: $2,500,000 ($106.38 / SF)
Buyer: Vince Diez Properties Inc
Elifin’s Notes: Vince Diez Properties purchases an office warehouse at the intersection of East Highway 30 and Highway 44.

8923 Bluebonnet Blvd, Baton Rouge, LA 70810
8923 Bluebonnet Blvd, Baton Rouge, LA 70810

Type: Office
Price: $1,326,510 ($189.75 / SF)
Buyer: Builders Center Real Estate Co LLC
Elifin’s Notes: Local real estate agents and investors purchase medical office on Bluebonnet Blvd.

5875 Florida Blvd, Baton Rouge, LA 70806
5875 Florida Blvd, Baton Rouge, LA 70806

Type: Land
Price: $855,000 ($21.81 / Land SF)
Buyer: FB2 Holdings LLC
Elifin’s Notes: An 0.8+ acre outparcel of land sells in the shopping center anchored by newly-constructed Rouses Market on the corner of Florida Blvd and N Ardenwood Dr.

17807 Airline Hwy, Prairieville, LA 70769
17807 Airline Hwy, Prairieville, LA 70769

Type: Retail
Price: $850,000 ($157.41 / SF)
Buyer: MMR Constructors Inc
Elifin’s Notes: A retail property changes ownership along Airline Highway.

17797 Airline Hwy, Prairieville, LA 70769
17797 Airline Hwy, Prairieville, LA 70769

Type: Hospitality
Price: $650,000 ($30,952 / Unit)
Buyer: MMR Constructors Inc
Elifin’s Notes: MMR Constructors Inc purchases the former Royal Motel property.

4224 Beechwood Dr, Baton Rouge, LA 70805
4224 Beechwood Dr, Baton Rouge, LA 70805

Type: Specialty
Price: $397,000 ($74.21 / SF)
Buyer: Church of the Lord Jesus Christ True Holiness Inc
Elifin’s Notes: Church campus sells just off 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
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