The Pulse BR: Royal Palms Apartments sold for 30 million

26 Sep The Pulse BR: Royal Palms Apartments sold for 30 million

Posted at 09:02h 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

10245 Airline Highway

Type: Multifamily
Price: $30,000,000 ($238,095 / Unit)
Buyer: LTL Royal Palms-Baton Rouge DST
Elifin’s Notes: The Royal Palms apartments off Airline Hwy near the I-12 intersection sells to California-bases LTL Investments, a vertically integrated multifamily investment and management firm.

505 E Airport Ave

Type: Office
Price: $5,904,000 ($455 / SF)
Buyer: BRLADAV, LLC
Elifin’s Notes: New York-based SMBC Group purchases medical facility used by Baton Rouge Vascular Access on E Airport Ave near Independence Blvd.

14810 Old Jefferson Hwy

Type: Land
Price: $4,020,000 ($4.38 / Land SF)
Buyer: Cedar Grove Townhomes LLC
Elifin’s Notes: Local developers, Brian Dantin and Ross Bruce, purchase 21+ acres on Old Jefferson Hwy.

10920 Mead Rd

Type: Hospitality
Price: $2,450,000 ($16,333 / Unit)
Buyer: Unique Hospitality LLC
Elifin’s Notes: Oyo Hotel, a 150 unit hotel near the intersection of I-12 and S Sherwood Forest Blvd, sells to local investor.

4333 American Way

Type: Office
Price: $1,875,000 ($194 / SF)
Buyer: Mykah Hayes Properties LLC
Elifin’s Notes: Two story office building on American Way sells to CEO of Bridgeway Healthcare & Hospice.

10474 Mammoth Ave

Type: Industrial
Price: $600,000 ($46 / SF)
Buyer: Keystone Kreider Properties LLC
Elifin’s Notes: Keystone Industrial Services, a Pennsylvania-based industrial contractor, purchases office / warehouse facility on Mammoth Ave.

4908 Main St

Type: Retail
Price: $470,000 ($118 / SF)
Buyer: Samnang Chuob
Elifin’s Notes: Strip center in Zachary sells to Baton Rouge-based investors.

4626 Jamestown Ave

Type: Office
Price: $372,500 ($56 / SF)
Buyer: CT Management LLC
Elifin’s Notes: Office building sells to local investor just off Bennington Ave.

2221 E Flonacher Rd

Type: Land
Price: $280,000 ($2.72 / Land SF)
Buyer: City of Zachary
Elifin’s Notes: The City of Zachary purchases industrially zoned vacant lot just off Old Scenic Hwy.

Tract 6-B Florida Blvd

Type: Office
Price: $225,000 ($167 / SF)
Buyer: Zefor Properties LLC
Elifin’s Notes: Office sells on Florida Blvd near the N Sherwood Forest Dr intersection.

924 Joplin Ave

Type: Office
Price: $220,000 ($98 / SF)
Buyer: Thomas and Taylor LLC
Elifin’s Notes: Local investors purchase office in industrial district off Sorrel Ave.

2679 Highland Rd

Type: Retail
Price: $166,000 ($83 / SF)
Buyer: EDGAR, BARRIE PROPERTIES, LLC
Elifin’s Notes: Valley Wings purchases the company’s Baton Rouge location near the north gates of LSU.

7707 Waco Ave

Type: Office
Price: $120,000 ($17 / SF)
Buyer: The CEO Mind Foundation
Elifin’s Notes: Local non-profit, the CEO Mind Foundation, purchase property on the corner of Waco Ave and Dallas Dr.

18444 Highland Rd

Type: Office
Price: Withheld
Buyer: Pink Ribbon Realty LLC
Elifin’s Notes: Local investor purchases Edgen Murray’s Baton Rouge office on the corner of Highland Rd and Petroleum Dr. Price withheld.

Upcoming Planning Commission Cases

Rezoning for Entertainment Bar & Bistro near BTR airport

Submitted 9/1/22 by Gerald Coleman. Proposed rezoning from Commercial Alcoholic Beverage (restaurant)(C-AB-1) to Commercial Alcoholic Beverage (bar and lounge)(CAB-2) on property located on the east side of Howell Boulevard, south of Harding Boulevard for entertainment bistro.
Application – View on Map

Rezoning to Industrial on N Foster Rd

Submitted 8/11/22 by Elton Dunn Jr. Proposed rezoning from Single Family Residential (A2) to Light Industrial (M1) on property located on the west side of North Foster Drive, north of Greenwell Street.
Application – View on Map

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
333 LEE DR	Commercial: Remodel $3,250,000	(Expedited) This project is a renovation of part of the St James Place retirement community development. The area is referred to as the Square or ‘commons’ area and includes and existing dining room, meeting room, arts room, chapel, card room, bistro and sales offices. The residential wings are separated from this area with 4hour rated walls. The commercial kitchen is separated from the ‘commons’ area by 1 hour rated wall. This project is a complete refurbishment of the ‘commons’ area total remodel is 14,292+ 2,706+ 2,465 = 19,463sf..	[O] Dick Wager [A] Kevin Babb [C] CHARLES CARTER CONSTRUCTION COMPANY, INC. – Rennie Carter
9260 CORTANA PL	Commercial: New $950,000	(Expedited Review) Construction of a 4,000 square foot car wash facility, with a 1,300 square foot accessory pay station building and all associated drives and infrastructure.	[O] STUART CARTER [A] Mike Montoya [C] CCR CONSTRUCTORS, INC.
8551 JEFFERSON HWY	Commercial: New $700,000	(Expedited) Demo the existing golf barn and build a new golf cart barn	[O] henry carville [A] matt daigrepont [C] SALCO CONSTRUCTION, INC.
707 N 7TH ST	Commercial: Remodel $532,000	Exterior building maintenance improvements include exterior painting, repair and patch existing plaster and replace some existing windows and doors; upgrade existing front entry with an ADA-compliant front entry; existing sidewalk pavement improvements; update streetscape landscaping; remove abandoned utility conduit on exterior of building; existing overhead electrical services to route underground; replace existing suspended ceiling and lay-in light fixtures in parking garage; replace existing exterior wall sconces.	[O] Melanie Barnett [A] Dione Sonnier [C] CANGELOSI WARD GENERAL CONTRACTORS, L.L.C. – Marc Lundin
6300 CORPORATE BLVD	Commercial: Remodel $500,000	(Expedited) 6,674 SQ FT of interior renovations to a 32,975 SQFT, II-B, existing building for purposes of the same use, business admin for processing of healthcare samples in Suites 110 & 120.	[O] David Slaughter [A] Guy Dugas [C] PICOU BROTHERS CONSTRUCTION COMPANY, L.L.C.
8069 NED AVE	Commercial: Remodel $375,000	(Expedited) Renovation of 26 unit, 17,400 sq. f.t 2-story apartment complex.	[O] Robert Montana [A] Robert Montana [C] RL Montana Properties, LLC
1955 STARING LN	Commercial: New $235,000	New construction of a 6,300 s.f. SHELL retail shopping center, with 5 tenant spaces (A-E) for future buildout. FUTURE TENANTS WILL REQUIRE REMODEL PERMIT FOR OCCUPANCY. No mechanical in this project.	[O] [A] Ritter Maher [C] MILTON J. WOMACK, INC.
17260 JEFFERSON HWY	Commercial: Remodel $200,000	INTERIOR BUILD OUT OF 10,440 SQ. FT. SPACE IN SPRINKLED WAREHOUSE FOR AN ADA VAN MOBILITY BUSINESS (B/F-1).	[O] TUPAC DE LA CRUZ [A] DANIELLE JOHNSON [C] ARKEL CONSTRUCTORS, LLC
9607 AIRLINE HWY	Commercial: Addition $174,000	New vacuum canopy/shade device for auotmotive vacuum stations	[O] Justin Alford [A] Herbert Thomas [C] GUY HOPKINS CONSTRUCTION CO., INC.
4225 NICHOLSON DR	Commercial: Remodel $152,000	(Expedited) Renovation of tenant space Suite 104 into daiquiri shop from previously used barber shop of 1086 sq. ft., 38 occupants.	[O] Brian Essier [A] CHRISTOPHER GRAND [C] GRAND CONSTRUCTION COMPANY, LLC
3060 FLORIDA ST	Demolition $130,000	commercial demolition	[O] Christina Claiborne [A] Theodore Wisham [C] CONTOUR DEVELOPMENT GROUP LLC – Michael Jevon Jackson
12627 JEFFERSON HWY	Commercial: Remodel $100,000	Partial Interior Renovation of 1,625 s.f. in an existing commercial office building (12,250 s.f. total). No site work, No change in building footprint.	[O] Jeff Sirk [A] Scott Welty [C] Buckeye Contractors, LLC
24790 ROBINSON RD	Manufactured Home Permit: Relocation $99,000	I purchased a new mobile home to live in while we build our home. everything has been set up by the mobile home company. I need a permit to receive electric.	[O] mark midboe [A] mark midboe [C] mark midboe
1244 RODNEY DR	Solar $73,000	Installation of roof-mounted solar panels	[O] [A] Jeffrey Cantin [C] Solar Alternatives – Jeffrey Cantin
1822 BELLRIDGE DR	Solar $64,339	Installation of photovoltaic solar panels on existing roof of home	[O] Basilio and Migdalia Blanco [A] Alex Major [C] Green Light Solar LLC of Texas – Bret Anthony Duplantis
10197 AVENUE H	Solar $43,158	Installation of photovoltaic solar panels on existing roof of home with a main panel upgrade	[O] Audrey Duncan [A] Alex Major [C] Green Light Solar LLC of Texas – Bret Anthony Duplantis
10241 STE F COURSEY BLVD	Commercial: Remodel $35,000	(Expedited) Renovation of Suite F of 1,112 sq. ft. into Massage Therapist. Installing interior non load bearing walls, and sheet rock . No changes to electrical, plumbing or hvac.	[O] Ken Bosso [A] Mark Navarre [C] M&N Constructors L.L.C.
8188 PLANK RD	Commercial: Remodel $30,000	Renovation of 7,000 s.f. former retail tenant space into children and family activity/meeting center, A-3 use.	[O] PMJ Henderson [A] Jeremiah Bell [C] ARKEL CONSTRUCTORS, LLC – John Fife
7055 GREENWELL SPRINGS RD	Commercial: Remodel $11,400	Paint sales floor walls, doors, door frames, restrooms and hallway. Replace ceiling tiles. Install restroom hardware and door hardware. Relocating power for new coolers/freezers and adding new circuits if needed. Relocate end cap power and registers.	[O] [A] Josh Hargrave [C] Powerhouse Retail Services, LLC – Joshua Hargrave
9042 MEADOWOOD ST	Solar $11,000	Install 5.94 kW solar panel system on existing home – no structural changes.	[O] Lynn Erikson [A] Evelyn Ailshie [C] PosiGen Developer, LLC – Evelyn Ailshie
1128 ELVIN DR	Solar $10,000	Install 4.0 kW solar panel system on existing home – no structural changes.	[O] Jorge Cespedes [A] Evelyn Ailshie [C] PosiGen Developer, LLC – Evelyn Ailshie
9419 WINDWARD RD	Solar $10,000	Install 4.28 kW solar panel system on existing home – no structural changes.	[O] Ronald Williams [A] Evelyn Ailshie [C] PosiGen Developer, LLC – Evelyn Ailshie
3158 HIGHLAND RD	Commercial: Remodel $7,500	Change of use of previous pizza restaurant to retail CBD shop (Mercantile). No construction or EMP work intended. Just paint and clean up.	[O] Jason Garsee [A] Jason Garsee [C] Garsee Builders – Jason Garsee
22815 PLANK RD	Manufactured Home Permit: Relocation $100	Moving of Manufactured mobile home across drive way from one property to the adjoining property where there is an existing residence – hardship	[O] Cheryl Venable [A] David Thibodeaux [C] N/A
11940 STE 6 INDUSTRIPLEX BLVD	Occupancy N/A	OFFICE AND STORAGE OF EVENT PALNNING AND DESIGN INVENTORY/ LIGHT PROP BUILDING AND PAINTING	[O] [A] RENEE PAYNE [C] N/A
724 O’NEAL LN	Occupancy N/A	Need inspection for Entergy permit	[O] Erwin Garcia [A] Erwin Garcia [C] N/A
12110 PEAIRS RD	Manufactured Home Permit: Relocation N/A	relocation of a mobile home resident	[O] James Deloach [A] James Deloach [C] N/A – James Deloach
2628 SORREL AVE	Occupancy N/A	Utility request, electricity	[O] Brian Hardnett [A] Brian Hardnett [C] N/A
5044 ENTERPRISE ST	Occupancy N/A	Occupancy to have utilities turned on	[O] Iris Kimble [A] Iris Kimble [C] N/A
2912 70TH AVE	Electrical N/A	Rebuild electrical service	[O] [A] Patrick Alexander [C] K & K Electrical – Patrick Alexander
13250 MILLERVILLE GREENS BLVD	Commercial: New N/A	New construction with engineered metal building for service building and parts shop. This permit is for the 9,000 s.f. PDI Department Building.	[O] Gerald Vince [A] Gerald Vince [C] G W Vince Company, LLC
1659 BLANCHE CT	Occupancy N/A	3 bedroom wood frame house	[O] Lawrence Triggs [A] Lawrence Triggs [C] N/A
433 LITTLE JOHN DR	Plumbing N/A	remove a tub and part of the surround. install a new pressure balance valve. install a new acrylic shower base in place of the bath tub, install a new acrylic surround. water and drain lines tie-in to existing plumbing.	[O] Mark Lemoine [A] Robert Harrison [C] Max Home – Robert Harrison
217 E POLK ST	Plumbing N/A	Shut down gas supply and pressurize the lines with air to monitor and diagnose the source of gas leaks. Fix any gas leaks found and ensure pressure holds after repairs.	[O] Farrah Franklin [A] Joshua Davis [C] N/A
5685 N FOSTER DR	Occupancy N/A	Storgage	[O] Gary Turner [A] Gary Turner [C] G&A Logistics – Gary Turner
5055 ENTERPRISE ST	Occupancy N/A	In need of residential occupancy permit to acquire an electrical meter.	[O] Darnell Thomas [A] Darnell Thomas [C] Darnell Thomas
2219 N FOSTER DR	Occupancy N/A	Business Main Office	[O] Katrena Jefferson [A] Katrena Jefferson [C] N/A
4348 JEFFREY DR	Occupancy N/A	Office building for clerical and professional services.	[O] Jeffrey Horner [A] Jeffrey Horner [C] N/A
7550 PECUE LN	Occupancy N/A	Residential Occupancy	[O] Marta Espinal [A] Marta Espinal [C] N/A
613 DREHR AVE	Electrical N/A	Replace overhead service	[O] Brent Rosenbrook [A] Erik Mollerberg [C] GULF STATES ELECTRIC LLC DBA GSE Integrated – Erik Mollerberg
236 KIRKLEY PL E	Electrical N/A	Need to Replace a ground wire to bring up to code. DEMCO will perform a temporary disconnect and we will replace the ground wire and DEMCO will then reconnect service. Need to Replace a ground wire to bring up to code. DEMCO will perform a temporary disconnect and we will replace the ground wire and DEMCO will then reconnect service.	[O] Nicholas Hartman [A] Nicholas Hartman [C] Nicholas Hartman
1447 MARCIA DR	Gas Test N/A	Plumbing gas test	[O] Julie Singleton [A] Rusty Roshto [C] Akades Plumbing, LLC – Rusty Roshto
1044 O’NEAL LN	Occupancy: Clean N/A	Clean and Show	[O] JOEL RICHARDSON [A] Joel Richardson [C] ODE Investment Properties – JOEL RICHARDSON
5935 CEDAR CREEK DR	Gas Test N/A	GAS TEST WITH FINAL INSPECTION	[O] MIKE KNOTTS [A] Jerry Payne [C] Central Plumbing Co – Jerry Payne
5251 STE P NICHOLSON DR	Commercial: Remodel N/A	nail salon	[O] ann nguyen [A] ann nguyen [C] N/A
2915 S SHERWOOD FOREST BLVD	Occupancy N/A	Small business commercial	[O] [A] Amy Arnold [C] N/A
3700 VICTORIA DR	Occupancy N/A	EXISTING TRAILER FOR LIGHTS	[O] bessy sanches [A] bessy sanches [C] N/A
767 RICHLAND AVE	Gas Test N/A	Rental/GAS TEST	[O] Timothy Bourriague [A] Tim Bourriague [C] N/A
21870 SAMUELS RD	Electrical N/A	Correct wiring at meter Correct wiring at meter	[O] Irwin Jackson [A] Ben Clark [C] Big Daddy Electric – Ben Clark
1633 DUCHESS DR	Gas Test N/A	gas test for residential	[O] Stacy Jones [A] David Deville [C] Deville Plumbing LLC – David Deville
4451 Bluebonnet Boulevard Suite G	Occupancy N/A	Mental Health Therapy Offices	[O] Juliet Catrett [A] Juliet Catrett [C] N/A
6835 S TIGER BEND RD	Gas Test N/A	GAS TEST FOR GAS SERVICES	[O] Corbin Ladner [A] Wayne LAfleur [C] corbin ladner custom homes – Corbin LAdner
3579 VICTORIA DR	Occupancy N/A	lights for mobile home	[O] Norma campos [A] Norma campos [C] N/A
1495 ROBIN ST	Occupancy N/A	Occupancy permit to get electricity turned on to move in new tenant.	[O] [A] [C] Regal Crowns Renovations
2152 HOLLYDALE AVE	Mechanical N/A	Install 1 ½ ton carrier 14 SEER condenser with a 2-ton air handler with 10 KW electric heat, 6 supply ducts, 1 return air, 1 dryer vent and 1 bath vent to roof. Install 1 standard nonprogrammable thermostat. Unit will be set on unit pad. Duct will be R6 flex duct.	[O] Frank McArdle [A] Kerry Scavona [C] A & K Heating and A/C, Inc – Kerry Scavona
5681 MADISON AVE	Occupancy N/A	House	[O] [A] Asia Phillips [C] N/A
10245 Bldg F Airline Highway	Occupancy N/A	Apartment complex-change of ownership	[O] Chris Stevens [A] Chris Stevens [C] N/A
10245 Bldg C Airline Highway	Occupancy N/A	Apartment complex-change of wonership	[O] Chris Stevens [A] Chris Stevens [C] N/A
3721 FLOYD DR	Electrical N/A	reconfigure service for new generator installation. need a stand alone electrical permit. because the generator will not be ready at same time.	[O] William Stout [A] Watson Tebo [C] NICOTRI ELECTRIC, INC. – William Stout
1817 MISSOURI ST	Gas Test N/A	residential gas test	[O] Jason Banks [A] Jason Banks [C] N/A
15959 TIGER BEND RD	Electrical N/A	change out 5 pack meter center	[O] [A] Dave Walker [C] N/A
8581 NORFOLK DR	Electrical N/A	Repair bent riser on electrical service	[O] Chad Jenkins [A] Steven Evans [C] EVANS HEATING-COOLING & ELECTRICAL, LLC – Steven Evans
10245 BLDG B AIRLINE HWY	Occupancy N/A	Apartment complex	[O] Chris Steevns [A] Chris Stevens [C] N/A
257 LEE DR	Occupancy N/A	clean and show	[O] George A Murrell [A] Rachel LaPorte [C] N/A
10245 Bldg D Airline Highway	Occupancy N/A	Apartment complex-change of ownership	[O] Chris Stevens [A] Chris Stevens [C] N/A
10245 BLDG A AIRLINE HWY	Occupancy N/A	Apartment complex	[O] Chris Stevens [A] Chris Stevens [C] N/A
10245 Bldg E Airline Highway	Occupancy N/A	Apartment Complex-change of wonership	[O] Chris Stevens [A] Chris Stevens [C] N/A
3300 WOODSTOCK PARK BLVD	Occupancy N/A	Transfer the Electricity over from Alvarez Construction LLC to Woodstock Park HOA	[O] Rachele Tullos [A] Rachele Tullos [C] N/A
3738 RUE D’ORLEANS	Gas Test N/A	GAS TEST WITH FINAL INSPECTION	[O] JOHN RAYBORN [A] Jerry Payne [C] Central Plumbing Co – Jerry Payne
2056 WOODDALE BLVD	Occupancy N/A	storage of household goods	[O] Anita Martin [A] Anita Martin [C] N/A
13589 NEIL AVE	Electrical N/A	CHANGE OUT WIRES AND BREAKER	[O] SALVADOR NIETO [A] [C] HOMEOWNER – SALVADOR NIETO
6555 STE 400 PERKINS RD	Occupancy: Clean N/A	to get electricity turned on for a clean and show	[O] Stacey Thibodeaux [A] Stacey Thibodeaux [C] K-Lee Properties – Stacey Thibodeaux
155 Marilyn Dr, Ste 44E	Electrical N/A	Residential, repairing meter center, lug burnt up – emergency reconnect	[O] Jennifer Smith Culotta [A] Kent Miller [C] Reliable Electric LLC – Kent Miller
1860 BOULEVARD DE PROVINCE	Occupancy N/A	Electric unit turn on . unit of apartment complex	[O] Esther Stefansky [A] Esther Stefansky [C] Cedarbrook Apartments LLC – Esther Stefansky
2109 FAIRWAY DR	Electrical N/A	Replace exterior panel. Will have a temp disconnect set up for 9/27/22	[O] Rebecca Howell [A] Frederic Kliebert [C] KLIEBERT ELECTRICAL SERVICES LLC – Frederic Kliebert
4250 BLOUNT RD	Occupancy N/A	existing trailer need lights Lot #34 (old #75 – #71510 FEMA installation)	[O] yamiah benson [A] Yamiah Benson [C] N/A
4233 PINE PARK DR	Electrical N/A	Replace riser pipe	[O] Joe Granier [A] byron wheeler [C] NICK KNACK ELECTRICAL COMPANY LLC – Roin Franklin
637 ROYAL ST	Gas Test N/A	Gas Test on House	[O] Paul Barranco [A] Doug Bennett [C] Bennett Plumbing LLC – Douglas Bennett
5112 OLESON ST	Occupancy N/A	Home	[O] Francene Pigott [A] Francene Pigott [C] Francene Pigott
17385 OLD SCENIC HWY	Gas Test N/A	Work not related to generator install, Customer found a gas leak in yard. Made a repair. Need to get inspected.	[O] Marvin Moore [A] Joshua Davis [C] AccuTemp Service Corporation – Joshua Davis
9441 COMMON ST	Occupancy: Clean N/A	Clean and show Ste A	[O] [A] Edward Jackson [C] EDR CONSTRUCTION, LLC – Edward Jackson
7415 CORPORATE BLVD	Electrical N/A	Meter burned up	[O] [A] Maryjo Ostrowe [C] Cajun Electric, LLC – Maryjo Ostrowe
803 CAMELLIA AVE	Electrical N/A	Install/Replace 150 amp Main Breaker Panel (outdoor, surface mount up to 30 circuits)	[O] Vicki Swain [A] Joshua Davis [C] AccuTemp – Joshua Davis
7155 SCOBELL DR	Occupancy N/A	Vehicle upholstery shop	[O] Gregory Nelson [A] Gregory Nelson [C] Gregory Nelson
6950 S FIELDGATE CT	Gas Test N/A	Gas pressure test for Entergy	[O] Cornell Arceneaux [A] KWATT Electric [C] KWATT ELECTRIC, LLC – Bobby Watson
219 BONNIE DR	Electrical N/A	emergency service rebuild – limb fell on wire	[O] Andree Lignieres [A] Andree Lignieres [C] B&D ELECTRIC CO. OF BATON ROUGE, INC. – Zachary Pendarvis
3926 WINNEBAGO ST	Gas Test N/A	Plumbing Gas Test	[O] Blanche Ford [A] Rusty Roshto [C] Akades Plumbing, LLC – Rusty Roshto
5936 SAINT KATHERINE AVE	Gas Test N/A	Plumbing Gas test	[O] Dijon Alexander [A] Rusty Roshto [C] Akades Plumbing, LLC – Rusty Roshto

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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