13 Feb The Pulse BR: Mid-City office warehouse sells for 3.93mm
A weekly update on the commercial real estate landscape of Baton Rouge.
Commercial Sales Recorded Last Week
415 N 15th St
Price: $3,930,000 ($25 / SF)
Buyer: Baton Rouge QOZ Self-Storage LLC
Elifin’s Notes: The Inland Real Estate Group of Companies, an Illinois-based real estate and finance group, purchase 4 story office building with warehouse and flex space options near Mid City.
4550 North Blvd
Price: $2,535,000 ($76 / SF)
Buyer: PSE 4550 North Boulevard LLC
Elifin’s Notes: Partners Southeast purchases Mid City medical building near the organization’s current office.
9015 Jefferson Hwy
Price: $2,207,045 ($28.95 / Land SF)
Buyer: Bank of St. Francisville
Elifin’s Notes: The Bank of St. Francisville purchases vacant lot on Jefferson Hwy for new branch.
8424 Ned Ave
Price: $490,000 ($61,250 / Unit)
Buyer: JSR1 LLC
Elifin’s Notes: Local investor purchases two 4-plexes right next to each other.
8416 Scotland Ave
Price: $475,000 ($153 / SF)
Buyer: Wade Investment Enterprises LLC
Elifin’s Notes: Local investor purchases updated retail space on Scotland Ave.
404 Europe St
Price: $454,000 ($141 / SF)
Buyer: Mansfield, Melancon, Cranmer and Dick
Elifin’s Notes: Mansfield Melancon – Personal Injury Lawyers purchase office building in Beauregard Town.
13022 Perkins Rd
Price: $450,000 ($196 / SF)
Buyer: The Collective Salon Studios LLC
Elifin’s Notes: Local investors purchase Belleamie Salon’s building on Perkins Rd at the Siegen Lane intersection.
13511 S Choctaw Dr
Price: $400,000 ($30 / SF)
Buyer: Relay Investments LLC
Elifin’s Notes: Denham Springs investor purchases two industrial warehouses near each other on S Choctaw Dr.
10266 S Choctaw Dr
Price: $200,000 ($32 / SF)
Buyer: Brandon McCaa
Elifin’s Notes: Owner of Shay’s Paint & Body Repair purchases the company’s facility and a neighboring industrial property.
646 Lobdell Blvd
Price: $190,140 ($7.43 / Land SF)
Buyer: ABC Children’s Learning Academy LLC
Elifin’s Notes: ABC Children’s Learning Academy purchase vacant lot on the corner of Lobdell Blvd and Realtor’s Ave.
7737 Old Hammond Hwy, Unit A-2
Price: $184,900 ($150 / SF)
Buyer: Miller Real Estate 7737 LLC
Elifin’s Notes: Office suite sells at Wolf’s Creek at Old Hammond Highway Office Condo.
Lot 12-A, 12-B Joor Rd
Price: $113,750 ($0.23 / Land SF)
Buyer: Higher Grounds Outreach Center Inc
Elifin’s Notes: Higher Ground Outreach Church purchases 11.5 acres on Joor Rd near the Greenwell Springs Rd intersection.
Upcoming Planning Commission Cases
210 South 14th Street
- Submitted 12/2/22 by Kinesha White Brown. Proposed rezone from Light Industrial (M1) to Commercial Alcoholic Beverage (restaurant)(CAB-1) on event center property located on the west side of South 14th Street, south of North Boulevard.
- Staff Report – 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.