The Pulse BR: Oil refinery property sold for 15.7 million

15 Dec The Pulse BR: Oil refinery property sold for 15.7 million

Posted at 08:57h 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

1500 N Airway Dr, Baton Rouge, LA 70815

Type: Specialty
Price: $18,793,423 ($275.30 / SF)
Buyer: BR Bridge School Properties
Elifin’s Notes: BR Bridge School Properties acquires a school property on North Airway Drive.

9288 Hwy 75, Geismar, LA 70734

Type: Industrial
Price: $15,728,997 ($942.25 / SF)
Buyer: Valentra Industrials LLC
Elifin’s Notes: Valentra Industrials, recently spun-off as a separate entity from Hexion, purchases their oil refinery property in Geismar.

6014 Copperhead Road, Geismar, LA 70734

Type: Industrial
Price: $3,000,000 ($166.67 / SF)
Buyer: W Harvey Sparkman LLC
Elifin’s Notes: Midwest Hose and Specialty Company, based in Oklahoma, purchases its operations location within the Copperhead Industrial Park in Geismar.

5348 Flanders Dr, Baton Rouge, LA 70808

Type: Office
Price: $2,000,000 ($229.89 / SF)
Buyer: Our Lady of the Lake Hospital Inc
Elifin’s Notes: Our Lady of the Lake Hospital Inc. acquires a medical office property on Flanders Drive.

4914 Government St, Baton Rouge, LA 70806

Type: Retail
Price: $1,050,000 ($210.00 / SF)
Buyer: Mission 73 Property LLC
Elifin’s Notes: A hair salon retail property changes ownership on Government Street.

9643 Brookline Ave, Baton Rouge, LA 70809

Type: Office
Price: $875,000 ($102.94 / SF)
Buyer: Point Two Five LLC
Elifin’s Notes: Point Two Five LLC purchases an office property on Brookline Avenue.

10274 Isom Sandres Rd, Gonzales, LA 70737

Type: Industrial
Price: $850,000 ($105.38 / SF)
Buyer: 38435 Gonzales Partners LLC
Elifin’s Notes: A Philadelphia-based company acquires an industrial property near the Tanger Mall in Gonzales.

41351 Hwy 42, Prairieville, LA 70769

Type: Self-Storage
Price: $780,000 ($5,270 / Unit)
Buyer: Highway 4114 41351 LLC
Elifin’s Notes: A storage facility with 116 storage units and 32 parking units sells along Highway 42 in Prairieville.

11911, 11921 Justice Ave, Baton Rouge, LA 70816

Type: Office
Price: $740,000 ($121.31 / SF)
Buyer: Post Trauma Institute of Louisiana LLC
Elifin’s Notes: Post Trauma Institute of Louisiana LLC purchases an office property along with the neighboring vacant lot within the Wellington Office Park.

7938 Goodwood Blvd, Baton Rouge, LA 70806

Type: Office
Price: $291,850 ($126.89 / SF)
Buyer: Defkhan Holdings LLC
Elifin’s Notes: Defkhan Holdings LLC purchases an office property across from the Main Branch of the Public Library.

6215 Fieldstone Dr, Baton Rouge, LA 70809

Type: Industrial
Price: $100,000 ($54.23 / SF)
Buyer: Grahams Dreams, LLC
Elifin’s Notes: Grahams Dreams, LLC acquires an industrial property in Baton Rouge’s Industriplex Business Park.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
530 SHADOWS LN	Existing Bldg – Addition Only (C) $500,000	Interior Renovations to office space w/ 323sf Addition – Closing in Existing rear porch for new interior area (Catio).	[O] [A] Matt Caillouet [C] Arkel Constructors, LLC – John H. Fife
2110 GOVERNMENT ST	Gas Test Permit (C) $250,000	Group home setting	[O] [A] Belinda Rodriguez Banks [C] N/A
3025 PERKINS RD	Sign Permit (C) $100,000	Commercial Billboard Sign – Reface Only	[O] [A] Scott Snyder [C] KEITH CAMPBELL SIGNS, INC. – Byron Keith Campbell
8382 AIRLINE HWY	Plumbing Permit (C) $8,850	Replace one (1) commercial water heater	[O] [A] Arthur Joseph Bouchon [C] N/A
4142 GOVERNMENT ST	Gas Test Permit (C) $5,684	Setting up regulators for 2 lb system.	[O] [A] Jacob Sibley [C] Plumbing MD – Jacob Sibley
1817 S SHERWOOD FOREST BLVD	Sign Permit (C) $5,500	Commercial Monument Sign – Reface Only	[O] [A] Nicholas Nuccio [C] River Ridge Electric Inc – Nicholas Nuccio
4466 ALVIN DARK AVE	Electrical Permit (C) $5,500	Replacing a meter bank that supplies power to 4 units	[O] [A] Bobby Roden [C] Northshore Lighting and Electrical LLC
6131 RENOIR AVE	Electrical Permit (C) $1,500	replacing meter pan	[O] [A] Brian Cass [C] N/A
725 MAIN ST	Gas Test Permit (C) $1,000	– Parking access if off of 8th street. – To access the gas meter/gas gauge you need to go through the gate on the right hand side of the parking lot.	[O] Kelli Dominique [A] BLAKE PAYNE [C] ZACHARY PLUMBING, L.L.C.
7650 E INDUSTRIAL AVE	Sign Permit (C) $900	Sign- Wall	[O] [A] Morgan Descant [C] Deep South Signs LLC
5536 STE D SUPERIOR DR	Occupancy Permit (C) N/A	General administrative office functions	[O] [A] Quint DeJean [C] N/A
5252 MANCUSO LN	Re-Roof (C) N/A	Installation of a TPO 60mil Retro Fit over the top of the Pre-Existing Standing Seam 24 Metal roof.	[O] James Jenkins [A] Martin Litwin [C] Crest Construction Group LLC
13000 FLORIDA BLVD	Occupancy Permit (C) N/A	Autombile Dealer Corporate Offices and Reconditioning Center	[O] [A] Dee Horan [C] N/A
5425 STE D GALERIA DR	Occupancy Permit (C) N/A	Office	[O] [A] Debra Perkins [C] N/A
1919 BLDG 25 BOULEVARD DE PROVINCE	Occupancy Permit (C) N/A	Inspect for Electricity to be connected due to being off for an extended amount of time.	[O] Rick Wheat [A] David Winn [C] Winn’s Electrical LLC – David Winn
2431 S ACADIAN THWY	Occupancy Permit (C) N/A	83,000 foot office building change of ownership	[O] [A] Joe Goudeau [C] N/A
7344 STE B AIRLINE HWY	Occupancy Permit (C) N/A	BARBERSHOP	[O] [A] Devin Scott [C] N/A
2600 CITIPLACE DR	Occupancy Permit (C) N/A	Office Building	[O] [A] Joe Goudeau [C] N/A
9422 STE 1 COMMON ST	Occupancy Permit (Clean & Show) (C) N/A	Need to clear permit in order to have Entergy turn on electricity in order to clean and show this property for lease.	[O] [A] Jerry Willis [C] N/A
9150 AIRLINE HWY	Occupancy Permit (C) N/A	Auto Dealership	[O] [A] Dee Horan [C] N/A
10313 AIRLINE HWY	Occupancy Permit (C) N/A	Auto Sales & Service – New Franchised Auto Dealer	[O] [A] Dee Horan [C] N/A
9352 PLANK RD	Occupancy Permit (C) N/A	Auto Dealership	[O] [A] Dee Horan [C] N/A
10101 COURSEY BLVD	Occupancy Permit (C) N/A	Auto Sales & Service – New Franchised Auto Dealer	[O] [A] Dee Horan [C] N/A
7645 JEFFERSON HWY	Occupancy Permit (C) N/A	Beauty Salon, Hair and nails	[O] [A] Randy Carlino [C] N/A
9901 GWENADELLE DR	Occupancy Permit (C) N/A	Hotel/motel	[O] Abigail Reaves [A] Tera Horsey [C] Titan General Contractors, LLC – WIlliam Hope
3213 STE A MONTERREY DR	Gas Test Permit (C) N/A	Gas Pressure Test	[O] [A] [C] N/A
9292 AIRLINE HWY	Occupancy Permit (C) N/A	Auto Dealership	[O] [A] Dee Horan [C] N/A
5011 RIVERBEND BLVD	Sign Permit (C) N/A	Temporary Signs in Right of Way. Valid until 1/15/26.	[O] [A] Trae Welch [C] N/A
1533 N ACADIAN THWY W	Occupancy Permit (C) N/A	Restaurant Bar and Lounge. (Non-Conforming) A commercial hospitality establishment used for the preparation & service of food and beverages including indoor patron seating and assembly, in compliance with applicable building and fire cooks.	[O] [A] Keaira Pate [C] N/A
8543 GREENWELL SPRINGS RD	Occupancy Permit (C) N/A	Office	[O] [A] Troy Beals [C] N/A
2622 N 38TH ST	Occupancy Permit (C) N/A	Small boutique	[O] [A] DeShay Carter [C] N/A
11814 STE B MARKET PLACE AVE	Occupancy Permit (C) N/A	The building’s use will be office use. BRFD. Suite B	[O] [A] April Marshall [C] N/A
4828 MC CLELLAND DR	Occupancy Permit (C) N/A	Entergy Requested	[O] [A] david timoll [C] N/A
8533 GREENWELL SPRINGS RD	Occupancy Permit (C) N/A	The building will be used as a commercial hair retail store providing hair care and beauty products to the public.	[O] [A] Terrika Williams [C] N/A
7520 PERKINS RD	Occupancy Permit (C) N/A	Building will be vacant while up for sale; Clean and Show. Suite #310. BRFD	[O] Kris Fernandez [A] Kris Fernandez [C] N/A
3101 GOVERNMENT ST	Change in Occupancy/Use Classification (C) N/A	Coffee Shop & Retail Grocery. Preparing drinks and selling pre-made food items. No food preparation or kitchen. Selling retail pantry items, fresh foods and non-food items.	[O] [A] David Villa [C] N/A
9244 STE E FLORIDA BLVD	Occupancy Permit (C) N/A	simple beauty bar, lashes, & makeup	[O] [A] eychana mayfield [C] N/A
9230 STE F FLORIDA BLVD	Occupancy Permit (C) N/A	Tax services	[O] [A] Latoya Emery [C] N/A
130 MC GEHEE DR	Change in Occupancy/Use Classification (C) N/A	Commercial Change in Occupancy Classification -Salon -No change to physical building in/ out Services: Make up Braiding Wig install Locs Barber No site work.	[O] [A] Tygenna Poland [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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