16 Mar The Pulse BR: Ohio-based REIT acquires Oak Grove Townhomes

Posted at 09:09h 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

8888 Airline Hwy, Baton Rouge, LA 70815

Type: Retail
Price: $4,550,000 ($91.03 / SF)
Buyer: 8888 Airline LLC
Elifin’s Notes: A Conn’s Home Plus property sells to a local investor with plans to lease it out to the Secretary of State.

12137 Airline Hwy, Baton Rouge, LA 70817

Type: Industrial
Price: $1,400,000 ($122.76 / SF)
Buyer: CJ Properties II LLC
Elifin’s Notes: A local buyer purchases an industrial property with office, showroom and warehouse space, recently occupied by Sunshine, a John Deere Dealer.

11917 Florida Blvd, Baton Rouge, LA 70815

Type: Retail
Price: $700,000 ($189.19 / SF)
Buyer: Pham, Khac Duy
Elifin’s Notes: An auto sales property sells in the Sherwood Forest area.

7980 Airline Hwy, Baton Rouge, LA 70806

Type: Retail
Price: $612,500 ($116.67 / SF)
Buyer: Infinity Fuels LLC
Elifin’s Notes: A convenience store/gas station property changes ownership at the corner of Airline Highway and Tom Drive.

Tract 3 Brown Rd, Baker, LA 70714

Type: Land
Price: $502,500 ($0.17 / Land SF)
Buyer: Wilson Gregory S; Wilson Cherie Aronstein
Elifin’s Notes: A 67 acre tract of land sells off of Brown Road in Baker.

4310, 15515 Florida Blvd, Baton Rouge, LA 70806

Type: Industrial
Price: $450,000 ($35.07 / SF)
Buyer: Elzatme, Yasser R
Elifin’s Notes: A pair of auto repair properties change ownership on Florida Boulevard.

10627 Alco Ave, Baton Rouge, LA 70816

Type: Retail
Price: $363,250 ($91.96 / SF)
Buyer: MJONEAL LLC
Elifin’s Notes: A retail property, occupied by Kenny’s Cue Club & Tavern, sells off of Airline Highway.

13521 S Choctaw Dr, Baton Rouge, LA 70815

Type: Industrial
Price: $260,000 ($37.14 / SF)
Buyer: CVR Holdings, LLC
Elifin’s Notes: An industrial property with office and warehouse space sells on South Choctaw Drive.

800 Scenic Highway, Baton Rouge, LA 70802

Type: Land
Price: $122,500 ($2.11 / Land SF)
Buyer: Riddick Investments LLC
Elifin’s Notes: A local buyer purchases a 1.3+ acre tract of land along North 22nd Street near Memorial Stadium.

17172 Oak Lawn Blvd, Prairieville, LA 70769

Type: Multifamily
Price: Withheld
Buyer: 17172 Oak Lawn Blvd LLC
Elifin’s Notes: An Ohio-based REIT acquires the 88-unit Oak Grove Townhomes development. This same buyer purchased the 148-unit Cedar Grove Townhomes development earlier this month.

14465 Wax Rd (Suite A), Baton Rouge, LA 70818

Type: Office
Price: Withheld
Buyer: KGS Property Management LLC
Elifin’s Notes: The same buyer purchases this property as one of two side-by-side office condo units across two different transactions.

14465 Wax Rd (Suite B), Baton Rouge, LA 70818

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
450 LAUREL ST	Existing Bldg – Remodel Only (C) $555,000	(EXPEDITED) RENOVATION OF EXISITNG TENANT AREA FOR OFFICES FOR ICE OPLA. 11th, Suite 1125	[O] [A] Matt Caillouet [C] FAULK & MEEK GENERAL CONTRACTORS, L.L.C.
6263 COMITE DR	Land Clearing Permit (C) $250,000	The project is to develop the subject property shown in the attachments into a residential subdivision containing a total of 167 lots. The work includes clearing and grubbing the currently undeveloped land located in a low density residential area. The total project site is +/-90.9 acres with approximately +/-85.5 acres to be cleared. There are +/-35.25 acres proposed for open space, including common areas and detention pond areas. The use for each proposed lot will be solely residential. The proposed clearing activities will take place as soon as the clearing permit is approved. Approximate start date: February/March 2026 Approximate end date: August/September 2026 Mitigation Area can be found on Sheet C-6 (OVERALL GRADING PLAN AND WATERSHED MAP) in the attached full set of construction drawings.	[O] Jeremy Breaux [A] Jeanne Smith [C] Double D Construction, L.L.C.
3015 WESTFORK DR	Existing Bldg – Addition & Remodel (Both) (C) $75,000	RENOVATION OF ENTRANCE, PRIVATE DINING, RESTROOMS, STORAGE, AND LIQUOR COOLER ALONG WITH 144 SF ADDITION.	[O] TEDRICK KNIGHTSHEAD [A] Merrel Porche [C] Lamp Built LLC – Quincy Lamar Plummer
5111 ESSEN LN	Mechanical Permit (New HVAC Sys) (C) $40,365	Like For Like HVAC Change Out on Multiple Systems	[O] Regions Bank [A] BGIS ITS [C] BGIS Integrated Technical Services US LLC
11400 SHERBROOK DR	Mechanical Permit (C) $27,908	Replace 5-ton and 7 1/2-ton gas pack units.	[O] [A] Kerry Scavona [C] A & K HEATING AND A/C, INC. – Kerry Scavona
928 ASTER ST	Existing Bldg – Remodel Only (C) $4,000	One of five apartment units in the same building on Aster St. (project numbers 178202 , 178203 , 178204, and 178205). Replacing service with 5-pack meter panel 3 units occupied (926, 928, and 932 Aster). Change from galvanized to copper water line to enter unit. Addition of 2 mini-splits (one for living room, one for bedroom). Unit has power and tenants and no reconfiguration or changing of walls will occur.	[O] [A] Thomas Karam [C] AHK, L.L.C. – Bernard Habib Karam
302 3RD ST	Electrical Permit (C) N/A	The building is being used to control the fire systems for the fire alarms and controls the Coca-Cola sign. 302 3rd St STE 101 HM	[O] [A] [C] N/A
140 MAIN ST	Occupancy Permit (C) N/A	Bar and Lounge	[O] [A] Stephanie Beck [C] N/A
12065 FLORIDA BLVD	Occupancy Permit (C) N/A	convenience store	[O] [A] AYSAR MOHAMMAD [C] N/A
7865 JEFFERSON HWY	Occupancy Permit (C) N/A	nails salon	[O] [A] Khoi Pham [C] N/A
1735 THOMAS H DELPIT DR	Occupancy Permit (C) N/A	YOUTH GYM AND COMMUNITY ACTIVITIES	[O] [A] BARRY SELF [C] N/A
2940 BERLIN DR	Occupancy Permit (C) N/A	Build custom cabinetry	[O] [A] joaquin jule [C] N/A
1800 BLDG 5 CITY FARM DR	Occupancy Permit (C) N/A	General law firm office use. Suite 5A	[O] [A] Raymond Ashworth [C] N/A
7516 PICARDY AVE	Occupancy Permit (C) N/A	general office	[O] [A] george waters [C] N/A
1680 O’NEAL LN	Re-Roof (C) N/A	Replacing all the Old London Towne Apartment Roofs	[O] [A] Chris Sutton [C] Premier South LLC
9410 LINDALE AVE	Occupancy Permit (C) N/A	Non profit office business. Suite A	[O] [A] Kelly McCray [C] N/A
777 BEN HUR RD	Re-Roof (C) N/A	Replace Asphalt Shingle Roofing	[O] Nicholas Gray [A] mark boutwell [C] American Turnkey Construction, LLC
3852 E BROOKSTOWN DR	Occupancy Permit (C) N/A	Provider safe supportive housing for individuals experiencing homelessness and people who have mental illness who can not care for themselves	[O] Debra Eackles [A] Debra Eackles [C] N/A
12638 LA MARGIE AVE	Occupancy Permit (C) N/A	Turning lights on.; BLDG 1 HOUSE METER	[O] [A] Jordan Jones [C] N/A
5265 AIRLINE HWY	Occupancy Permit (C) N/A	Just a commercial c-2 lot with a 12×10 building for an office. I have owned it for 22 years. We sell cars, trucks, trailers and rvs.	[O] edward rivere [A] edward rivere [C] N/A
1747 N HARCO DR	Occupancy Permit (C) N/A	Turning lights on.; BLDG 3 HOUSE METER	[O] [A] Jordan Jones [C] N/A
1701 N HARCO DR	Occupancy Permit (C) N/A	Turning lights on.; BLDG 5 HOUSE METER	[O] [A] Jordan Jones [C] N/A
1809 N HARCO DR	Occupancy Permit (C) N/A	Turning lights on. BLDG 2 HOUSE METER.	[O] [A] Jordan Jones [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.

Elifin Realty

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