The Pulse BR: Park Place apartments sell for 82mm

21 Jul The Pulse BR: Park Place apartments sell for 82mm

Posted at 09:53h 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

222 E Boyd Dr, Baton Rouge, LA 70808

Type: Multifamily
Price: $82,013,500 ($295,013 / Unit)
Buyer: BLA Owner LLC
Elifin’s Notes: A multifamily real estate investment group out of New York purchases the Park Place apartment complex.

13505 Millerville Greens Blvd, Baton Rouge, LA 70816

Type: Retail
Price: $4,375,000 ($283.12 / SF)
Buyer: Lee Venable Holdings LLC
Elifin’s Notes: Lee Venable Holdings LLC acquires a gun range retail property on Millerville Greens Boulevard.

32700 Hwy 3089, Donaldsonville, LA 70346

Type: Retail
Price: $3,107,250 ($115.93 / SF)
Buyer: Park, Daniel Jong Mun
Elifin’s Notes: A strip center next to Walmart changes ownership off of Thibaut Drive in Donaldsonville.

5810, 5850 Main St, Zachary, LA 70791

Type: Retail
Price: $2,916,000 ($143.99 / SF)
Buyer: Randolph Property Group Main St Baton Rouge LLC
Elifin’s Notes: The Main Street Plaza retail center property changes ownership in Zachary.

3151 College Dr, Baton Rouge, LA 70808

Type: Retail
Price: $2,820,000 ($219.40 / SF)
Buyer: HZN Properties Llc
Elifin’s Notes: HZN Properties LLC acquires a retail strip center property near the Walmart on College Drive.

2300 Church St, Zachary, LA 70791

Type: Retail
Price: $2,300,000 ($18.91 / SF)
Buyer: Rouse Land Company LLC
Elifin’s Notes: Rouses purchases the retail center anchored by their store in Zachary.

6599 Industrial Dr, Geismar, Louisiana 70734

Type: Land
Price: $1,429,574 ($5.83 / Land SF)
Buyer: Cunado Houston LLC
Elifin’s Notes: A 5.6+ acre parcel of commercial land sells within the Ascension Industrial Park.

9150 Joor Rd, Baton Rouge, LA 70818

Type: Retail
Price: $1,262,383 ($314.10 / SF)
Buyer: Duvilex LLC
Elifin’s Notes: This is one of three convenience store/gas stations acquired by Duvilex LLC in the past week.

552 Highlandia Dr, Baton Rouge, LA 70810

Type: Land
Price: $700,000 ($14.08 / Land SF)
Buyer: Neely Properties LLC
Elifin’s Notes: A 1+ acre parcel of land sells on Highlandia Drive.

817 Veterans Blvd, Donaldsonville, LA 70346

Type: Retail
Price: $415,000 ($90.22 / SF)
Buyer: HI 4S LLC
Elifin’s Notes: A restaurant property changes ownership on Veterans Boulevard in Donaldsonville.

170 McGehee Dr, Baton Rouge, LA 70815

Type: Office
Price: $400,000 ($52.85 / SF)
Buyer: Blackbird Investments, LLC
Elifin’s Notes: A former po-boy restaurant turned medical office sells within the Sherwood Forest area.

4271 W Brookstown Dr, Baton Rouge, LA 70805

Type: Multifamily
Price: $311,000 ($34,556 / Unit)
Buyer: Pelican Heights LLc
Elifin’s Notes: Pelican Heights LLC acquires a 9-unit multifamily property on a 0.73 acre lot on West Brookstown Drive.

8384, 8686 Airline Hwy, Baton Rouge, LA 70815

Type: Retail
Price: $300,000 ($108.07 / SF)
Buyer: Aztecas Mexican Food LLC
Elifin’s Notes: Aztecas Mexican Food LLC acquires a restaurant and a barber shop along Airline Highway.

Tract A-2-1 S Burnside Ave, Gonzales, LA 70737

Type: Land
Price: $250,000 ($0.26 / Land SF)
Buyer: PriceCo West LC
Elifin’s Notes: A neighboring land owner purchases a 22.3+ acre parcel of land off of South Burnside Avenue.

3269 Groom Rd, Baker, LA 70714

Type: Office
Price: $250,000 ($187.13 / SF)
Buyer: White, Shalanda
Elifin’s Notes: An office property changes hands across from Baker High School.

9475 Greenwell Springs Rd, Baton Rouge, LA 70814

Type: Land
Price: $250,000 ($1.07 / Land SF)
Buyer: M & N Salem, LLC
Elifin’s Notes: A 5.36 acre tract of land sells along Greenwell Springs Road near Joor Road.

3535 Choctaw Dr, Baton Rouge, LA 70805

Type: Industrial
Price: $140,000 ($23.33 / SF)
Buyer: Scott, Harold James
Elifin’s Notes: An industrial property changes hands on Choctaw Drive.

2500 Gates Cir, Baton Rouge, LA 70809

Type: Multifamily
Price: Withheld
Buyer: Gates Citiplace Gardens LP
Elifin’s Notes: The Gates at Citiplace, a 369-unit multifamily complex, sells off of Corporate Boulevard.

1540 E Hwy 30, Gonzales, LA 70737

Type: Retail
Price: Withheld
Buyer: Duvilex LLC
Elifin’s Notes: This is one of three convenience store/gas stations acquired by Duvilex LLC in the past week.

13524 Hwy 44, Gonzales, LA 70737

Type: Retail
Price: Withheld
Buyer: Duvilex LLC
Elifin’s Notes: This is one of three convenience store/gas stations acquired by Duvilex LLC in the past week.

8412 W El Cajon Dr, Baton Rouge, LA 70815

Type: Industrial
Price: Withheld
Buyer: Montana Lafayette LLC
Elifin’s Notes: An industrial property with office and warehouse space sells on El Cajon Drive.

10364 S Choctaw Dr, Baton Rouge, LA 70815

Type: Industrial
Price: Withheld
Buyer: 18th State Brewing, LLC
Elifin’s Notes: 18th State Brewing LLC purchases an industrial property on South Choctaw Drive.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
731 W LEE DR	New Building Permit (C) $2,428,091	(Expedited) Fast food restaurant with DT	[O] [A] Maria Almazan [C] Van Brunt & Company, LLC
100 WOMAN’S WAY	Existing Bldg – Remodel Only (C) $175,475	Interior renovation of 4 existing office suites. No site work.	[O] Elizabeth Bridges [A] Michael Buturla [C] Arkel Constructors, LLC
2777 PROGRESS RD	Land Clearing Permit (C) $75,000	LAND CLEARING FOR POTENTIAL COMMERCIAL USE	[O] LUKE LEWIS [A] Chad Stevens [C] N/A
2580 TECUMSEH ST	Existing Bldg – Remodel Only (C) $50,000	(EXPEDITED) Fire and water remediation due to a fire in the 2nd floor bathroom. Removal of vanities, drywall, bathroom stalls, ceiling tiles, cleaning and setting of drying equipment. Temp power pole and temporary power due to the electrical service being disconnected Unknown as of yet who will do the repairs will update the scope of work if we are the ones doing the repairs	[O] [A] Shawn Folks [C] GUARANTEE RESTORATION SERVICES, LLC
6965 VAN GOGH AVE	Electrical Permit (C) $20,000	Storage/warehouse upgraded/repair meter	[O] Robbie Turner [A] Elmer Wall [C] Wall 2 Wall Electric – Elmer Wall
9150 AIRLINE HWY	Sign Permit (C) $11,000	Commercial Monument Sign	[O] [A] Morgan Descant [C] Deep South Signs LLC – Morgan Descant
7270 GREENWELL ST	New Building Permit (C) $10,000	Snowball Stand being moved onsite of convenience store, adding kitchen equipment.	[O] [A] Jynita Christmas [C] N/A
8000 SUMMA AVE	Sign Permit (C) $5,750	Commercial Monument Sign	[O] [A] Morgan Descant [C] Deep South Signs LLC – Morgan Bruce Descant
2912 VALLEY ST	Existing Bldg – Addition Only (C) $2,800	Open Air wood framed PVC shade structure	[O] [A] Jeremy Spikes [C] N/A
1962 BOULEVARD DE PROVINCE	Electrical Permit (C) $2,350	Replace burnt up meter bank for unit A, unit B, unit C, and unit D	[O] Dorthy Barcelona [A] KENT MILLER [C] WESLEY KENT MILLER JR.
2711 FLORIDA ST	Occupancy Permit (C) N/A	Brazilian restaurant	[O] [A] Cristina Major [C] N/A
3838 STE B VICTORIA DR	Occupancy Permit (C) N/A	Shop Storage	[O] Archie Jones [A] Archie Jones [C] Valtt, LLC – Archie Jones
1500 N AIRWAY DR	Occupancy Permit (C) N/A	A charter school group will be operating inside the building. The building will occupy students from kindergarten through 8th grade. The building will be used as a normal school.	[O] [A] Sergio Alvarado [C] Entergy Services
12087 STE C OLD HAMMOND HWY	Occupancy Permit (C) N/A	Private art studio / commissioned artwork	[O] [A] Brandon Pea [C] N/A
8841 HIGHLAND RD	Occupancy Permit (C) N/A	Getting electric turned on for clean and show. Suite C	[O] [A] Michael Giesler [C] N/A
615 E AIRPORT AVE	Demolition Permit (C) N/A	Single family residence last used as a daycare (Robyn’s Nest)	[O] Brooke Barnett [A] Shevis Ball [C] N/A
439 N 11TH ST	Occupancy Permit (C) N/A	Office Building CLEAN AND SHOW	[O] [A] Elizabeth Sumrall [C] N/A
5735 ESSEN LN	Change in Occupancy/Use Classification (C) N/A	Changing from a gymnastics center to a church/assembly area. No site work.	[O] [A] Reginald Miles [C] N/A
4001 NICHOLSON DR	Occupancy Permit (C) N/A	Hotel/Motel – Lodging	[O] [A] Ben Bergman [C] N/A
5235 STE G FLORIDA BLVD	Occupancy Permit (C) N/A	FINANCIAL. Suite G	[O] zahra mohammadi mozafari [A] leblanc [C] N/A
5235 STE C FLORIDA BLVD	Occupancy Permit (C) N/A	Financial building	[O] zahra mohammadi mozafari [A] al leblanc [C] N/A
170 MC GEHEE DR	Occupancy Permit (C) N/A	Louisiana Department of Health Call Center	[O] [A] Heather Bamburg [C] N/A
1821 SHARP RD	Demolition Permit (C) N/A	Removal of existing monopole wireless telecommunications facility and replacing with new tower	[O] [A] Sherry Huebinger [C] EasTex Tower LLC
5355 STE B GOVERNMENT ST	Change in Occupancy/Use Classification (C) N/A	Change of Classification from barbershop to hobby/retail space.	[O] [A] Thuy Nguyen [C] N/A
4521 STE 5 JAMESTOWN AVE	Occupancy Permit (C) N/A	Tenant moved out. Need clean and show only so as to get Entergy Account moved to owners name.	[O] [A] Karen Strahan [C] N/A
7517 JEFFERSON HWY	Occupancy Permit (C) N/A	Turn power back on to show the space to lease clean & show	[O] [A] Rachael Gordon [C] N/A
1221 STE 1 GARDERE LN	Occupancy Permit (C) N/A	The use of this building will be to provide tax preparation, tax planning, and tax resolution services.	[O] Bob Gray [A] Kenyatta Walker [C] N/A
7612 PICARDY AVE	Occupancy Permit (C) N/A	This space used to a dental office and the dentist just moved out of the space two days ago and I want to use it for dental office and i rented the space and i want to open as a dentist office i am not changing the use	[O] [A] Fawwaz Alotaibi [C] N/A
910 Woodleigh Dr	Small Cell Unit (C) N/A	Crown Castle proposes to deploy small cell node in public right of way of Woodleigh Dr.	[O] [A] Kate Wesolick [C] Crown Castle Fiber LLC
8211 STE E1 GOODWOOD BLVD	Occupancy Permit (C) N/A	Clean & Show office space for new tenant	[O] [A] Heidi Claus [C] N/A
1450 SEABORD DR	Occupancy Permit (C) N/A	Office building for engineering firm	[O] Aimee Deshotel [A] Aimee Deshotel [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

marketing@elifinrealty.com

21 Jul The Pulse BR: Park Place apartments sell for 82mm

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

Commercial Sales Recorded Last Week

222 E Boyd Dr, Baton Rouge, LA 70808

13505 Millerville Greens Blvd, Baton Rouge, LA 70816

32700 Hwy 3089, Donaldsonville, LA 70346

5810, 5850 Main St, Zachary, LA 70791

3151 College Dr, Baton Rouge, LA 70808

2300 Church St, Zachary, LA 70791

6599 Industrial Dr, Geismar, Louisiana 70734

9150 Joor Rd, Baton Rouge, LA 70818

552 Highlandia Dr, Baton Rouge, LA 70810

817 Veterans Blvd, Donaldsonville, LA 70346

170 McGehee Dr, Baton Rouge, LA 70815

4271 W Brookstown Dr, Baton Rouge, LA 70805

8384, 8686 Airline Hwy, Baton Rouge, LA 70815

Tract A-2-1 S Burnside Ave, Gonzales, LA 70737

3269 Groom Rd, Baker, LA 70714

9475 Greenwell Springs Rd, Baton Rouge, LA 70814

3535 Choctaw Dr, Baton Rouge, LA 70805

2500 Gates Cir, Baton Rouge, LA 70809

1540 E Hwy 30, Gonzales, LA 70737

13524 Hwy 44, Gonzales, LA 70737

8412 W El Cajon Dr, Baton Rouge, LA 70815

10364 S Choctaw Dr, Baton Rouge, LA 70815

Commercial Permits Issued Last Week

Elifin Realty

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