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


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
No Comments

Post A Comment