26 Dec The Pulse BR: Retail center on Monterrey Blvd sold
A weekly update on the commercial real estate landscape of Baton Rouge.
Commercial Sales Recorded Last Week
10235 Jefferson Hwy (Building 5)
Price: $2,000,000 ($372 / SF)
Buyer: GLIM LLC
Elifin’s Notes: Local investor purchases office building in the Metro Office Park.
850 North Blvd
Price: $460,000 ($136 / SF)
Buyer: Royal Engineers and Consultants LLC
Elifin’s Notes: Royal Engineers and Consultants purchases B-1 zoned office near downtown Baton Rouge.
3066 Monterrey Blvd
Price: $458,500 ($29 / SF)
Buyer: Bates Real Estate Inc
Elifin’s Notes: Retail center on the corner of Monterrey Blvd and Great Smokey Ave sells to local investor.
2322 Chatawa Ave
Price: $360,000 ($60 / SF)
Buyer: Next Generation Developments LLC
Elifin’s Notes: Lawrence Maestri, local commercial real estate agent and investor, purchases industrial property just off of S Choctaw Dr.
11440 Florida Blvd
Price: $315,000 ($2.95 / Land SF)
Buyer: Fen Xu
Elifin’s Notes: Commercially zoned land with dual frontage on Florida Blvd and Sherwood Forest Blvd sells to investor.
3847 Plank Rd
Price: $220,000 ($38 / SF)
Buyer: Anthony Nguyen
Elifin’s Notes: Plank Road grocery store sells to local investor.
337 S Acadian Thwy
Price: $106,000 ($88 / SF)
Buyer: Binning Properties LLC
Elifin’s Notes: Local investor purchases office on S Acadian Thwy.
Upcoming Planning Commission Cases
Rouzan, Concept Plan Revision 16
- Submitted 12/1/22 by Engquist Rouzan Commercial Development. Proposed overall boundary expansion and increase in commercial/office area and open space on property located on the south side of Perkins Road, east of Glasgow Avenue.
- 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.