The Pulse BR: The Sterling apartments on Highland sell for 15mm

10 Apr The Pulse BR: The Sterling apartments on Highland sell for 15mm

Posted at 09:28h 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 Two Weeks

4500 Burbank Dr

Type: Multifamily
Price: $21,750,000 ($113,281 / Unit)
Buyer: HPI Oliver LLC
Elifin’s Notes: Hamilton Point Investments, a Connecticut-based real estate investment firm, purchases the Oliver Apartments, a 192 unit student housing apartment complex near LSU.

3135 Highland Rd

Type: Multifamily
Price: $15,000,000 ($153,061 / Unit)
Buyer: Tailwind Baton Rouge LLC
Elifin’s Notes: Tailwind Group, a Minnesota-based real estate development and investment company, purchases the Sterling, a 98 unit apartment complex near the north gates of LSU.

617 North Blvd

Type: Office
Price: $5,500,000 ($367 / SF)
Buyer: Key North Boulevard LLC
Elifin’s Notes: New Orleans developer purchases four story office building downtown.

9055 Hwy 19

Type: Self-Storage
Price: $2,800,000 ($35,897 / Unit)
Buyer: Grace Properties LLC
Elifin’s Notes: St. Francisville-based buyer purchases Advanced Mini Storage in Zachary on Hwy 19.

4601 Bluebonnet Blvd

Type: Office
Price: $1,147,500 ($236 / SF)
Buyer: Arkley Grandchildren’s 2021 Trust
Elifin’s Notes: Arkansas investors purchase Bluebonnet Blvd office building.

610 Napoleon St

Type: Office
Price: $405,000 ($165 / SF)
Buyer: Trichell Properties LLC
Elifin’s Notes: Local attorney Charles Trichell purchases Beauregard Town office building.

4861 Waywood Dr

Type: Office
Price: $400,000 ($178 / SF)
Buyer: HSJK Properties LLC
Elifin’s Notes: Zachary office sells to local investor.

256 W Roosevelt St

Type: Multifamily
Price: $365,000 ($60,833 / Unit)
Buyer: RTI Global LLC
Elifin’s Notes: Six unit apartment complex sells off Highland Rd near LSU.

10750 S Choctaw Dr

Type: Industrial
Price: $328,000 ($252 / SF)
Buyer: Green Valley Choctaw Two LLC
Elifin’s Notes: Industrial property sells on nearly 1.5 acres off S Choctaw Dr.

3121 Van Buren St

Type: Office
Price: $210,000 ($19 / SF)
Buyer: The Example Apostolic Ministries
Elifin’s Notes: The Example Apostolic Ministries purchases the church’s campus in Baker.

9112 S Choctaw Dr

Type: Industrial
Price: $202,500 ($36 / SF)
Buyer: Evangeline Properties LLC
Elifin’s Notes: Industrial property sells on S Choctaw Dr near the Oak Villa Blvd intersection.

Lot P-2 Zachary Rd

Type: Land
Price: $175,000 ($3.07 / Land SF)
Buyer: Premier Collision LLC
Elifin’s Notes: Premier Collision purchases vacant lot near their Zachary location.

464 E Boyd Dr

Type: Multifamily
Price: Withheld
Buyer: Builders Center Real Estate Co LLC
Elifin’s Notes: A 20-unit apartment complex on the corner of Burbank Dr and E Boyd Dr sells to local investor.

Upcoming Planning Commission Cases

Abandoned Signs: Proposed code amendment

Submitted 2/13/23 by the Planning Commission. Proposed Unified Development Code amendment to revise Section 16.2.4, Design, Construction and Maintenance, pertaining to Abandoned Signs.
Staff Report

Church of the Highlands propose commercial / office development zoning

Submitted 3/1/2023 by Brent Bourgeois. Proposed rezoning from Rural to General Office Low Rise (GOL) to allow commercial / office development on property located on the south side of Perkins Road, north of Highland Road.
Staff Report – Application – View on Map

Proposed commercial subdivision off of Siegen Ln

Submitted 1/3/2023 by Andre Rodrigue. Proposed commercial subdivision with public streets on property located on the west side of Siegen Lane, north of Industriplex Boulevard.
Staff Report – Application – View on Map

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
18143 STE A PERKINS RD E	Commercial: Complete Interior $500,000	(Expedited) Interior buildout of quick service sandwich shop	[O] George Kurz [A] Kyle Wilkinson [C] ARKEL CONSTRUCTORS, LLC – Scott Bourgeois
4000 S SHERWOOD FOREST BLVD	Commercial: Remodel $150,000	(Expedited) INTERIOR RENOVATION OF 7,122SF OF 19,270 SQ. FT. OF EXISTING TENANT SPACE ON THE 1ST & 2ND FLOOR OF A 2 STORY OFFICE BUILDING.	[O] Mike Divincenti [A] Stephen Arceneaux [C] Buquet and LeBlanc, Incorporated
10815 AIRLINE HWY	Cell Tower $69,000	803023 – T-Mobile upgrade to existing antenna and radio equipment. No change to tower height or footprint.	[O] DeAnna Hadnot [A] DeAnna Hadnot [C] EASTEX TOWER LLC
11358 PERKINS RD	Commercial: Remodel $65,361	HVAC Replacement	[O] Brian Medlin [A] Brent Bueche [C] Battco Construction and Maintenance, Inc.
4665 NORTH BLVD	Commercial: Addition $60,000	(Expedited) Foundation and metal storage building to be constructed behind main building for product and supply storage. No electrical, mechanical or plumbing intended.	[O] Mike Barnett [A] Robb Edgecomb [C] ROGERS BROS. CONSTRUCTION CO.
8328 PETTIT RD	Manufactured Home Permit: Relocation $50,000	Replacing a mobile home. Sold old one which was 14×60. Bought new one (16×80) to go on same site. Still have electricity and water to the site but the new mobile home is longer than old one.	[O] Consuela Marshall [A] consuela Marshall [C] N/A
14608 S HARRELL’S FERRY RD	Commercial: Addition $43,000	(Expedited) This is a open room addition to an existing recently active small dental office building. The room is about the size of a standard garage space and will allow us create/have a open space for our therapy gym and small movable gym equipment. there will be no interior walls, AC/Heating and or plumbing work needed. minimal electric needed with standard outlets spaced and can lights on ceiling with a light switch.	[O] Sy Salter [A] Sy Salter [C] Serenity Living Properties LLC – Sy Salter
3034 STE B-1 S SHERWOOD FOREST BLVD	Commercial: Remodel $36,153	Renovation of tenant space to become a vape shop. We are installing vinyl plank flooring, baseboard, painting, removing the large 2’x4′ fluorescent light fixtures and installing 2’x2′ LED light fixtures.	[O] Jaspreet Singh [A] Derek Stewart [C] B.Broussard Construction LLC
5464 ESSEN LN	Commercial: Remodel $35,000	Interior remodel to existing McDonald’s	[O] Andy Lee [A] Jasmine Rios [C] F. BAHAM CONSTRUCTION CO., INC.
14546 S HARRELL’S FERRY RD	Commercial: Remodel $20,000	Minor renovation and change of use from restaurant (A-2) to convenience store (M) in 2,774 sq.ft. building.	[O] LOUAY MOHAMMED [A] Alwan Hussein [C] N/A
1969 ALBIZIA CT	Fence $7,500	FENCE	[O] Andrew Reynolds [A] Andrew Reynolds [C] Andrew Reynolds
1810 JADE AVE	Commercial: Remodel $6,000	Exterior renovation of Fourplex building. No electrical, mechanical or plumbing. Code Violation#144631	[O] Thomas Hanlon [A] Joel Galindo Flores [C] JVG CONSTRUCTION LLC – Joel Galindo Flores

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

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