The Pulse BR: The Armstrong Apartments on Burbank sell

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

Commercial Sales Recorded Last Week

4600 Burbank Drive
4600 Burbank Drive

Type: Multifamily
Price: $6,000,000 ($44,776 / Unit)
Buyer: Louisiana Baton Rouge LLC
Elifin’s Notes: Aspen Square Management, a Massachusetts-based real estate investment and property management firm, purchase the Armstrong Apartments, a 134 unit complex on Burbank Dr.

14221 Airline Hwy
14221 Airline Hwy

Type: Land
Price: $849,000 ($43.99 / Land SF)
Buyer: T&S Food Services II LLC
Elifin’s Notes: T & S Food Services, a company thats groups restaurant franchises like Starbucks and Denny’s, purchases vacant lot on the corner of Airline Hwy and Baringer Foreman Rd.

541 Shadows Lane, Suite C
541 Shadows Lane, Suite C

Type: Office
Price: $420,000 ($90.71 / SF)
Buyer: Lupine Holdings LLC
Elifin’s Notes: The Elliot Breast Clinic purchase their office building near Connell’s Park Lane.

756 Colonial Dr
756 Colonial Dr

Type: Office
Price: $390,000 ($61.36 / SF)
Buyer: Daniel Green and Associates LLC
Elifin’s Notes: Medical office sells on Colonial Dr.

10785 Florida Blvd
10785 Florida Blvd

Type: Retail
Price: $235,000 ($170.91 / SF)
Buyer: Khalaf Khalaf and Aliaa Khalaf
Elifin’s Notes: Former Church’s Chicken location sells on the corner of Florida Blvd and McGehee Dr.

705 St Joseph St
705 St Joseph St

Type: Office
Price: $235,000 ($183.59 / SF)
Buyer: Nancy Noonan
Elifin’s Notes: The Parlor, a workspace, studio, and events space near downtown, sells to local buyer.

Lots 1-3A-1, 1-3A-2 Winchester Ave
Lots 1-3A-1, 1-3A-2 Winchester Ave

Type: Land
Price: $110,000 ($1.04 / Land SF)
Buyer: Urban Restoration Enhancement Corporation
Elifin’s Notes: The Urban Restoration Enhancement Corporation purchase two commercially zoned lots near the Winchester Ave and Hollywood St intersection.

9260 Cortana Pl
9260 Cortana Pl

Type: Retail
Price: Withheld
Buyer: NNN Reit LP
Elifin’s Notes: Orlando-based investor purchase Geaux Clean car wash near the forthcoming Amazon fulfillment center at Cortana.


Commercial Permits Issued Last Week