The Pulse BR: Mid-City office warehouse sells for 3.93mm

13 Feb The Pulse BR: Mid-City office warehouse sells for 3.93mm

Posted at 09:38h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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

Commercial Sales Recorded Last Week

415 N 15th St

Type: Office
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

Type: Office
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

Type: Land
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

Type: Portfolio
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

Type: Retail
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

Type: Office
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

Type: Retail
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

Type: Portfolio
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

Type: Portfolio
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

Type: Land
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

Type: Office
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

Type: Land
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

Address	Type / Value	Description	Owner / Applicant / Contractor
8540 STE B SIEGEN LN	Commercial: Remodel $500,000	(Expedited Review) Renovation to build out 2- story Suite B of 4,668 s.f. for administration offices, Business Use.	[O] RAVI PATEL [A] Merrel Porche [C] SUPREME CONSTRUCTION L.L.C.
2121 MILLERVILLE RD	Commercial: Complete Interior $392,000	Interior buildout of an existing space to create a Pizza restaurant. Includes expansion of outdoor patio seating and canopy cover.	[O] Baton Rouge Covenant Group LLC Baton Rouge Exchange LLC [A] Bella Holbert [C] BEIER CONSTRUCTION, L.L.C.
3933 MURIEL DAY AVE	Commercial: New $350,000	New construction of 1,722 s.f. Clubhouse in Hollywood Neighborhood Development.	[O] Todd Waguespack [A] DNA Workshop [C] LEVEL CONSTRUCTION & DEVELOPMENT, LLC
9190 PARKWAY DR	Fence $145,000	8′ Fence replacement at storage unit rental facility.	[O] Mike McCurry [A] Mike McCurry [C] Amko Fence – Mike McCurry
1700 GOVERNMENT ST	Commercial: Remodel $90,000	Remodel a 3,000 square building and convert it to three suites. Suite A of 450 sq. ft. for future retail, Suite B of 750 sq. ft. for future retail tenant and Suite C (The Firehaus) for 880 sq.ft. Bar (Assembly-2) with rooftop lounge (1700 sq.ft.). Repair roof, updated electrical, Plumbing and Mechanical.	[O] Cornelius Quarels [A] Cornelius Quarels [C] Quarels Construction LLC
9704 AVENUE C	Solar $56,100	Roof Mounted PV System / Solar panel	[O] Lorenzo Lane [A] Jaime Villarreal [C] Green Light Solar, LLC of Texas – Bret Anthony Duplantis
1456 SOUTH ST	Commercial: Remodel $50,000	Existing cellular tower reconfiguration of antennas and related ground equipment for broadcasting telecommunications.	[O] Becky Capt [A] Becky Capt [C] N/A
17350 OPPORTUNITY AVE	Commercial: Remodel $40,000	Cell tower ANTENNA ARRAY (co-locate) added to existing TOWER, and Outdoor equipment cabinets mounted to a steel equipment platform	[O] Jackie Caviel [A] Michelle Curry [C] Reliable Network Services – Dwayne Ebey
12720 WOODSHIRE PL	Solar $39,700	installation of 7.30 solar panels on roof of dwelling	[O] Dequincy Burnett [A] Avery Page [C] Green Light Solar, LLC of Texas – Bret Anthony Duplantis
2915 MONROE AVE	Solar $38,800	installation of 7.67 solar panels on roof of dwelling	[O] Beatrice Morris [A] Avery Page [C] Green Light Solar, LLC of Texas – Bret Anthony Duplantis
2575 GARDERE LN	Commercial: Remodel $30,000	Dish proposes to place 3 antennas, 6 RRUs, 1 junction box(s), and 1 cable(s) at the 95 foot RAD. Dish will build a 5×7 steel platform for ground equipment.	[O] [A] Valerie Sciortino [C] CARMAN INDUSTRIES LLC
1004 BOB PETTIT BLVD	Commercial: Remodel $30,000	Colocation onto an existing communications tower. Dish proposes to place 3 antennas, 6 RRUs, 1 junction box(s), and 1 cable(s) at the 100 foot RAD. Dish will build a 5×7 steel platform for ground equipment.	[O] [A] Valerie Sciortino [C] CARMAN INDUSTRIES LLC
2165 GLENMORE AVE	Fence $20,000	fence	[O] Michael Doiron [A] Kevin Doiron [C] Michael D Doiron – Kevin Doiron
23050 PLANK RD	Land Clearing $11,000	Land Clearing	[O] Fredrick Williams [A] fredrick williams [C] Dirt Daubers, LLC – Chad Mason
14305 HAILE WAY	Fence $9,000	Build 195ft of shadow cedar fence 6ft tall with 3 runners, with 6x6x8ft posts in 60lbs of concrete, shadow box type fence with a topper and facia. Connect to subdivision fence in back of property and run 95ft to the front on property line. Same on right side of house.	[O] Clinton Sampson [A] CLINTON SAMPSON [C] The Grasshopper Fencing LLC – CLINTON SAMPSON
3332 LAKE ST	Commercial: Remodel $2,000	(Expedited) Minor renovation of existing restaurant for new tenant.	[O] Philip Moody [A] HORACIO Banales [C] FRANCISCO AVILES, LLC – Francisco Javier Aviles Rodriguez
7338 HIGHLAND RD	Occupancy: Clean $1	Empty building, clean and show	[O] Steven Fontenot [A] Steven Fontenot [C] N/A
11019 PERKINS RD	Commercial: Change in Occupancy N/A	We need a Permit for ENTERGY to be able to change users.	[O] Richard Tilley [A] Richard Tilley [C] N/A
10840 COURSEY BLVD	Commercial: Parking Lot N/A	Site work and parking for proposed multi unit commercial development	[O] Neal Patel [A] Neal Patel [C] HADDAD CONTRACTORS LLC – Philip N. Haddad III
151 3RD ST	Occupancy N/A	Renovation of existing 5,100 sq. ft. restaurant by separating the restaurant from the bar area to create two tenant spaces. Suite 1A (3,400 sq.ft.) for future restaurant tenant and Suite 1B (1,700 sq.ft.) for bar/lounge. This permit is for Suite 1B bar for alcohol sales only. No building, electrical, mechanical or plumbing changes.	[O] Dongyan Zhang [A] Dongyan Zhang [C] N/A

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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