The Pulse BR: The Lodges at 777 on Ben Hur sell

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

Commercial Sales Recorded Last Week

777 Ben Hur Road
777 Ben Hur Road

Type: Multifamily
Price: $84,400,000 ($220,942 / Unit)
Buyer: LMP Baton Rouge Property Owner LLC
Elifin’s Notes: The Lodges at 777, a 382 unit apartment complex near LSU’s campus, sells to Landmark Properties, a Georgia-based multifamily investment firm.

18222 E Petroleum Dr
18222 E Petroleum Dr

Type: Industrial
Price: $3,800,000 ($124.50 / SF)
Buyer: 18222 East Petroleum Drive LLC
Elifin’s Notes: The owner of B & H Distributors purchases industrial property in the Highland Business Park.

1545 Millerville Rd
1545 Millerville Rd

Type: Office
Price: $2,278,700 ($632.97 / SF)
Buyer: FCPT Holdings LLC
Elifin’s Notes: Four Corners Property Trust, a California-based real estate investment firm, purchase the Fast Pace Health facility on Millerville Rd.

804 North Blvd
804 North Blvd

Type: Multifamily
Price: $815,000 ($101,875 / Unit)
Buyer: Donmoor Properties, LLC
Elifin’s Notes: Local investors purchase the Reeves Apartments, an eight unit apartment complex near downtown Baton Rouge.

18163 E Petroleum Dr
18163 E Petroleum Dr

Type: Office
Price: $732,500 ($214.43 / SF)
Buyer: ATN Property I LLC
Elifin’s Notes: Local investors purchase office in the Offices at Highland Business Park.

1046, 1084, 1132, 1140 N Donmoor Ave
1046, 1084, 1132, 1140 N Donmoor Ave

Type: Multifamily
Price: $715,000 ($44,688 / Unit)
Buyer: Zara Investments, LLC
Elifin’s Notes: Arizona-based investor purchases four adjacent fourplexes on N Donmoor Ave.

13511 S Choctaw Dr
13511 S Choctaw Dr

Type: Industrial
Price: $550,000 ($40.74 / SF)
Buyer: South Choctaw Properties LLC
Elifin’s Notes: Ironhorn Enterprises, a New York real estate investment firm specializing in industrial properties, purchases two industrial properties on S Choctaw Rd.

14017 Perkins Rd
14017 Perkins Rd

Type: Retail
Price: $250,000 ($178.57 / SF)
Buyer: 14007 Property LLC
Elifin’s Notes: The owner of Fireside Antiques purchases carwash that borders the shop’s Perkins Road location.

4324 Highway 19
4324 Highway 19

Type: Retail
Price: $237,000 ($50.43 / SF)
Buyer: Denson Properties LLC
Elifin’s Notes: Denson Advertising purchases autoparts store neighboring their Zachary location on Hwy 19.

17306 Greenwell Springs-Port Hudson Rd
17306 Greenwell Springs-Port Hudson Rd

Type: Land
Price: $180,000 ($2.95 / Land SF)
Buyer: Pride Fire Protection District Number Eight
Elifin’s Notes: Pride Volunteer Fire Department purchases 1.4 acres on the corner of Greenwell Springs-Port Hudson Rd and Liberty Rd.

4422 Hwy 19
4422 Hwy 19

Type: Retail
Price: Withheld
Buyer: Realty Income Properties 29 LLC
Elifin’s Notes: Realty Income, a California-based real estate investment firm, purchase car wash in Zachary on Hwy 19. Price withheld.


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