The Pulse BR: TJ Ribs on Siegen sells for 2.5mm

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

Commercial Sales Recorded Last Week

6330 Siegen Lane
6330 Siegen Lane

Type: Retail
Price: $2,500,000 ($353.01 / SF)
Buyer: SDP LA Baton Rouge 1 LLC
Elifin’s Notes: TJ Ribs sells its Siegen Lane location to Streamline Development Partners, an Oxford-based retail investment firm.

13435 Hooper Rd
13435 Hooper Rd

Type: Retail
Price: $924,000 ($367.40 / SF)
Buyer: Harlakh LLC
Elifin’s Notes: Local investor purchases former Circle K location in Central.

175 Burgin Ave
175 Burgin Ave

Type: Multifamily
Price: $800,000 ($80,000 / Unit)
Buyer: Nelson D’Ostilio Whitney Avenue LLC
Elifin’s Notes: Connecticut-based investor purchases Burgin Apartments, a 10 unit apartment building just off Highland Rd near LSU.

3622 Government St
3622 Government St

Type: Office
Price: $770,000 ($321.77 / SF)
Buyer: Palmr Properties, LLC
Elifin’s Notes: Historic A. Hays Town office building sells in Mid City on Government St.

18768 Jefferson Hwy
18768 Jefferson Hwy

Type: Specialty
Price: $450,000 ($90.00 / SF)
Buyer: The Eparchy of Our Lady of Lebanon of Los Angeles
Elifin’s Notes: The Eparchy of Our Lady of Lebanon of Los Angeles purchase Jefferson Hwy church facility.

13144 Perkins Rd
13144 Perkins Rd

Type: Retail
Price: $425,000 ($168.38 / SF)
Buyer: Eternity Spa LLC
Elifin’s Notes: Eternity Spa purchases the spa’s Perkins Rd building.

2425 North St
2425 North St

Type: Industrial
Price: $250,000 ($20.24 / SF)
Buyer: Bunnyco LLC
Elifin’s Notes: The owner of Frost Woodworks purchases industrial property on North St.

12451 S Harrell's Ferry Rd
12451 S Harrell’s Ferry Rd

Type: Industrial
Price: $215,000 ($89.58 / SF)
Buyer: Michael Fresina
Elifin’s Notes: Industrial property sells off S Harrell’s Ferry Rd.

14635 S Harrells Ferry Rd, Unit 3-C
14635 S Harrells Ferry Rd, Unit 3-C

Type: Office
Price: $180,000 ($154.37 / SF)
Buyer: Sai Karthik Mandadapu
Elifin’s Notes: Office suite sells at Forest Park Office Plaza near the corner of S Harrell’s Ferry Rd and Millerville Rd.

525 Rapides St
525 Rapides St

Type: Retail
Price: Withheld
Buyer: Kids Count Propco LLC
Elifin’s Notes: Kids Count, a daycare in Mid City, sells its building to local investors.


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
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