06 Mar The Pulse BR: Lane Regional purchases pharmacy on Main St
A weekly update on the commercial real estate landscape of Baton Rouge.
Commercial Sales Recorded Last Week
6920 Bluebonnet Blvd
Type: Retail
Price: $1,625,000 ($398 / SF)
Buyer: Fidelity Bank
Elifin’s Notes: Fidelity Bank purchases former Capital One branch on Bluebonnet Blvd across from the Mall of Louisiana.
6400 Main St
Type: Retail
Price: $975,000 ($139 / SF)
Buyer: Lane Regional Medical Center
Elifin’s Notes: Lane Regional Medical Center purchases pharmacy neighboring the hospital’s facility on Main St in Zachary.
1042 Monet Dr
Type: Portfolio
Price: $824,000 ($32,960 / Unit)
Buyer: P & B LLC
Elifin’s Notes: Local investor purchases two multifamily properties in the Melrose East subdivision totaling 25 total units between the two properties.
2250 Church St
Type: Office
Price: $750,000 ($132 / SF)
Buyer: EIMA Investments LLC
Elifin’s Notes: Retail property in Zachary near the Rouse’s Market sells to Baton Rouge investor.
10210 Jefferson Hwy, Unit 1
Type: Land
Price: $481,650 ($97.80 / Land SF)
Buyer: Propvest LLC
Elifin’s Notes: Local office developer purchases office pad site at the developing Exchange @ Jefferson office condominium.
9270 Siegen Lane, Suite 302, 303
Type: Office
Price: $330,000 ($145 / SF)
Buyer: A-Plus ENT SLOC101102 LLC
Elifin’s Notes: Two office suites sell in the Siegen Lane Office Center.
11447 Investor Ave
Type: Land
Price: $246,000 ($14.47 / Land SF)
Buyer: Two Amigos Dreaming LLC
Elifin’s Notes: Two industrially zoned lots sell near the corner of Investor Dr and Fieldstone Dr.
10249 Cashel Ave
Type: Office
Price: $149,000 ($85 / SF)
Buyer: Kim Bouie-Palmer
Elifin’s Notes: Tennessee-based buyer purchases office on the corner of Cashel Ave and Sharp Rd.
3405 Baker Blvd
Type: Industrial
Price: $145,000 ($50 / SF)
Buyer: One Up Trucking LLC
Elifin’s Notes: Industrial property sells in Baker.
2001 North Blvd
Type: Multifamily
Price: $142,000 ($28,400 / Unit)
Buyer: 3SB LLC
Elifin’s Notes: Local investor purchases 5 unit multifamily property on .55 acres on North Blvd.
Upcoming Planning Commission Cases
Rezoning for Old Scenic Hwy Tract
- Submitted 1/31/23 by Kyle Bratton. Proposed rezoning from Rural to Light Commercial Two (LC2) on 88.653 acre property located on the west side of Old Scenic Highway, north of Miraval Avenue.
- Application – View on Map
Comprehensive Land Use Plans for Old Scenic Hwy Tract
- Submitted 1/31/23 by Kyle Bratton. Proposed amendment to the Comprehensive Land Use Plan from Agricultural/Rural to Commercial on 88.653 acre property located on the west side of Old Scenic Highway, north of Miraval Avenue.
- Application – View on Map
Commercial Permits Issued Last Week
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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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