06 Jul The Pulse BR: Magnolia Trace Apartments sold for 8.6 million

Posted at 08:59h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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

Commercial Sales Recorded Last Week

11585 N Harrells Ferry Rd, Baton Rouge, LA 70816

Type: Multifamily
Price: $8,622,500 ($35,051 / Unit)
Buyer: Emerald City Associates LLC
Elifin’s Notes: A North Carolina-based company purchases the Magnolia Trace Apartments, 246-unit multifamily property.

6212 Siegen Lane, Baton Rouge, LA 70809

Type: Retail
Price: $2,800,000 ($434.78 / SF)
Buyer: Harbor Investments of Gulf Shores LLC
Elifin’s Notes: A strip center property changes hands on Siegen Lane.

7955 Bluebonnet Blvd, Baton Rouge, LA 70809

Type: Retail
Price: $1,236,000 ($313.47 / SF)
Buyer: Golden Capital Holdings LLC
Elifin’s Notes: A restaurant property sells adjacent to the United States Postal Service on Bluebonnet Boulevard.

8535 GSRI Ave, Baton Rouge, LA 70810

Type: Self-Storage
Price: $830,000 ($3,825 / Unit)
Buyer: JHJSTORAGERB LLC
Elifin’s Notes: A 217-unit self-storage facility changes ownership near Hartley/Vey Park at Gardere.

5580 Government St, Baton Rouge, LA 70806

Type: Retail
Price: $650,000 ($180.56 / SF)
Buyer: Grand Development Group LLC
Elifin’s Notes: A restaurant property changes hands on Government Street.

17374 Vallee Ct, Prairieville, LA 70769

Type: Industrial
Price: $400,000 ($80.00 / SF)
Buyer: Corkern Investments, LLP
Elifin’s Notes: Industrial office warehouse trades hands just off Hwy 42 in Prairieville.

1310 Oriole St, Baton Rouge, LA 70807

Type: Multifamily
Price: $225,000 ($28,125 / Unit)
Buyer: Dream Books LLC
Elifin’s Notes: An 8-unit multifamily property sells on Oriole Street.

5853 Siegen Lane, Baton Rouge, LA 70809

Type: Retail
Price: Withheld
Buyer: Steve Towers Holding LLC
Elifin’s Notes: The Harley Davidson dealership changes hands on Siegen Lane.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
2106 PERKINS RD	New Building Permit (C) $550,000	(Expedited) New 2 story medical clinic for single practitioner w/ parking.	[O] [A] John Pourciau [C] Leblanc & Fresina Investments LLC
6800 SCENIC HWY	Existing Bldg – Remodel Only (C) $400,000	(EXPEDITED) Converting existing building into Student Housing.	[O] [A] Dexter Henderson [C] I G H Contracting Services LLC – Eric Thompson Sr.
7570 JEFFERSON HWY	Interior Shell Buildout (C) $400,000	5.325 square foot Interior only completion in vacant existing shell space for a store that sells pet food and pet accessories (mercantile). Previous store was a 10,853 square foot Rite Aide (also mercantile), that has been divided by demising walls into three tenant spaces. Shell renovation by the building owner may still be in progress.	[O] [A] Thomas Donaldson [C] CENTURION CONSTRUCTION MANAGEMENT, L.L.C.
325 FLORIDA ST	Existing Bldg – Remodel Only (C) $325,000	This project consists of renovations to install a new elevator within an existing office building, providing service between the first and second floors. The work includes interior, structural, mechanical, and electrical modifications. The scope covers approximately 390 SQFT within the existing 5,950 SQFT building and includes construction of a new elevator pit and hoistway.	[O] Renee Amar [A] Landon Rainey [C] Buquet and LeBlanc, Incorporated
4415 AMERICAN WAY	Electrical Permit (C) $103,700	ELECTRICAL REMODEL adding a panel; running circuit to test table.	[O] Chad Guzzardo [A] Jack MANNO [C] MANNO ELECTRIC, INC.
1880 FLONACHER RD	Parking Lot Permit (C) $103,000	Add [truck scale], lime stone to parking lot, small concrete pad, and berm to prevent rainwater from leaving the property onto the neighbor.	[O] [A] Hooper Price [C] Empire Integrity Services LLC – Hooper Glynn Price
8281 GOODWOOD BLVD	Existing Bldg – Remodel Only (C) $100,000	renovation of 2000 sq ft on the 1st floor on an existing building.	[O] Chris Town [A] Britany Dealminana [C] Arkel Constructors, LLC – Mike O’Deay
5100 GREENWELL SPRINGS RD	Electrical Permit (C) $80,000	we are trying to provide initial power for football stadium lights	[O] [A] Alleigh Rae Kaluza [C] Grand Isle Shipyard, L.L.C.
5250 CHENEAU LN	Existing Bldg – Remodel Only (C) $40,000	Renovation of Rouzan subdivision Farm supply storage structure to create HOA meeting office- Building constructed in project 109945.	[O] Joesph Labbe [A] Amy Whitsell [C] Level Construction and Development LLC – Level Homes
6347 GREENWELL SPRINGS RD	Existing Bldg – Addition Only (C) $40,000	Dee’s Blues Box #2 patio addition	[O] Demetris Chambers [A] Kelvin Hunter [C] COVENANT GENERAL CONTRACTORS, INC. – Noble Okon Enime
11315 Florida Blvd	Existing Bldg – Remodel Only (C) $40,000	(Expedited) Remodel suite into a restaurant.	[O] Minh Nguyen [A] Chau Pham [C] Elvin Trung Do – Elvin Trung Do
2040 Oneal Ln	Sign Permit (C) $11,500	Commercial Plyon Sign	[O] [A] kimberly gremillion [C] gulf south signs, llc – jack gremillion
330 S 19TH ST	Electrical Permit (C) $10,000	Provide power for two electric gates in the parking lot on the corner of S 19th street and Spain Street. We will come off of a transformer and run underground to a service that will be built inside the gate.	[O] [A] Blake Linxwiler [C] T3 Electrical Solutions LLC
1251 N ARDENWOOD DR	Existing Bldg – Remodel Only (C) $10,000	Building 9 Unit 87 Work performed consisted of light drywall repair and repainting throughout the building. Scope was limited to patching and refinishing damaged or deteriorated sheetrock surfaces. No structural work, full-panel replacements, or layout modifications were performed. Careful removal of the previous windows and installation of the new vinyl windows. All measurements and plans in supporting documents.	[O] Declan Savage [A] Declan Savage [C] N/A
9257 FLORIDA BLVD	Change in Occupancy/Use Classification (C) $8,000	Paint Remix is a place where guest can come out and have clean fun to Paint on pre-sketch canvas, sing, and enjoy.	[O] [A] LaTaoya Moore-Jett [C] N/A
9626 AIRLINE HWY	Electrical Permit (C) $2,650	Complete electrical service rebuild of existing 400-amp, three-phase service, including completion of service equipment, feeder terminations, grounding and bonding, and final connections as required for code compliance.	[O] [A] [C] MNM Electrical Solutions – Miles Miller
7550 LASALLE AVE	Re-Roof (C) N/A	Existing roof replacement	[O] Geordy Waters [A] Jorge Soriano [C] Garcia Roofing Replacement, LLC
4260 EVANGELINE ST	Change in Occupancy/Use Classification (C) N/A	Rose Learning Loft Commercial Change in Occupancy Classification. Using parts of the church as a daycare.	[O] [A] Destiny Chatman [C] Power House Developments, LLC – Tyon Woodrow Robinson
13431 PERKINS RD	Special Foundation Permit (C) N/A	Foundation only for new elementary school project. No grading outside of Building footprint or any other site work until permit 179226 is issued.	[O] Roosevelt Haney [A] Cecilia Gomes [C] Lincoln Builders of Baton Rouge, Inc. – Clint Graham
8201 JEFFERSON HWY	Occupancy Permit (C) N/A	Law firm	[O] Kirk Guidry [A] Kirk Guidry [C] N/A
8201 JEFFERSON HWY	Occupancy Permit (C) N/A	Law firm	[O] Kirk Guidry [A] Kirk Guidry [C] No contractor
8201 JEFFERSON HWY	Occupancy Permit (C) N/A	Law firm; Suite A	[O] [A] Kirk Guidry [C] N/A
5425 GALERIA DR	Occupancy Permit (C) N/A	Salon usage for one occupant; Suite B	[O] [A] MARKEISHA Hills [C] N/A
2621 MEEKER DR	Occupancy Permit (C) N/A	HEAVY EQUIPMENT	[O] [A] Gaynell Sanchez [C] N/A
8201 JEFFERSON HWY	Occupancy Permit (C) N/A	Law firm	[O] [A] Kirk Guidry [C] N/A
8201 JEFFERSON HWY	Occupancy Permit (C) N/A	Law firm; Suite B	[O] [A] Kirk Guidry [C] N/A
2515 O’NEAL LN	Occupancy Permit (C) N/A	NAILS SHOP	[O] [A] THI THU MINH HUYNH [C] N/A
5383 CHOCTAW DR	Occupancy Permit (Clean & Show) (C) N/A	No work being done, only transferring service after tenant moved out.	[O] [A] Melissa Brown [C] N/A
9774 GREENWELL SPRINGS RD	Re-Roof (C) N/A	PVC overlay PC-35968.00	[O] [A] Chris Sutton [C] Premier South LLC
148 MC GEHEE DR	Occupancy Permit (C) N/A	Salon	[O] [A] Chelsea Thompson [C] N/A
10330 AIRLINE HWY	Occupancy Permit (C) N/A	Health and Life Insurance Sales	[O] [A] Kenneth Wright [C] N/A
8201 JEFFERSON HWY	Occupancy Permit (C) N/A	Law firm; Suite C	[O] [A] Kirk Guidry [C] N/A
5557 GOVERNMENT ST	Occupancy Permit (C) N/A	Hair Studio	[O] [A] Kelli Hutchinson [C] N/A
7225 ADELIA LN	Occupancy Permit (C) N/A	Office for design-build contractor	[O] [A] Bill Firesheets [C] N/A
3154 COLLEGE DR	Occupancy Permit (Clean & Show) (C) N/A	Suite N – Clean and Show. Key box code is 0461	[O] [A] Patti Pizzolato [C] N/A
7809 JEFFERSON HWY	Occupancy Permit (C) N/A	Need to get a permit to change to electricity with the Entergy name on the account.	[O] [A] Lauren DiVincenti [C] N/A
3332 LAKE ST	Occupancy Permit (Clean & Show) (C) N/A	Tenant has vacated this property. I would like to turn the electricity on in company name so that we can maintain and show this property.	[O] [A] PHILIP MOODY [C] N/A
11834 MARKET PLACE AVE	Occupancy Permit (C) N/A	Greater You Counseling Center is an outpatient behavioral health counseling practice providing professional mental health services, including individual, couples, family, substance abuse counseling, and group counseling. The facility will also be used for administrative offices, client intake, case management, and telehealth services.	[O] [A] Charme Thompson [C] N/A
9257 FLORIDA BLVD	Occupancy Permit (C) N/A	Tattoo studio lobby	[O] Branden Barker [A] Salena Alvarado [C] N/A
6620 GREENWELL SPRINGS RD	Re-Roof (C) N/A	Remove existing roof and underlying insulation to the 22-gauge metal deck and properly dispose of. Mechanically fasten a new tapered polyisocyanurate system promoting proper drainage into the new 24 gauge kynar coated gutter and downpipe system.	[O] [A] Rick Gurtner [C] PREMIER SERVICE TEAM, LLC

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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