The Pulse BR: Triplet’s Blue Store Purchases Lot and Hooper Pointe Apartments Sold

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

Commercial Sales Recorded Last Week

4888 Hooper Rd
4888 Hooper Rd

Type: Multifamily
Price: $11,750,000 ($66,761 / Unit)
Buyer: 4888 Hooper Road LA LLC
Elifin’s Notes: California-based investors purchase Hooper Pointe Apartments near the Hooper Rd and Plank Rd intersection.

11021 Plank Road
11021 Plank Road

Type: Multifamily
Price: $4,000,000 ($55,556 / Unit)
Buyer: Edgewood Manor LA LLC
Elifin’s Notes: Brooklyn-based investor purchases the Edgewood Place Apartments, a 72-unit apartment complex off Plank Rd.

10335 Airline Hwy
10335 Airline Hwy

Type: Retail
Price: $4,000,000 ($1,600 / SF)
Buyer: Brandenburg Family Trust
Elifin’s Notes: California-based investors purchase the El Pollo Loco restaurant on Airline Hwy near the Cedarcrest Ave intersection.

12753 Plank Road
12753 Plank Road

Type: Multifamily
Price: $1,600,000 ($42,105 / Unit)
Buyer: Family Manor LA LLC
Elifin’s Notes: Brooklyn-based investor purchases Family Manor apartments, a 38 unit complex in Baker.

9026 Jefferson Hwy, Building 5
9026 Jefferson Hwy, Building 5

Type: Office
Price: $1,397,610 ($265 / SF)
Buyer: Cypress Healthcare LLC
Elifin’s Notes: Office building sells in the Westminister Office Park on Jefferson Hwy.

2364 Gardere Lane
2364 Gardere Lane

Type: Multifamily
Price: $1,040,000 ($52,000 / Unit)
Buyer: East Baton Rouge Sewerage Commission
Elifin’s Notes: East Baton Rouge Sewerage Commission purchase five 4-plex units on Gardere Lane.

3296 Ivanhoe St
3296 Ivanhoe St

Type: Multifamily
Price: $890,000 ($89,000 / Unit)
Buyer: Nelson D’Ostilio Wooster Square LLC
Elifin’s Notes: Connecticut-based investors purchase 10 multifamily units near LSU’s Northgates.

17301 Jefferson Hwy
17301 Jefferson Hwy

Type: Retail
Price: $870,000 ($117 / SF)
Buyer: Fangting Liang
Elifin’s Notes: Local investor purchases retail center on Jefferson Hwy near the Highland Rd intersection.

Tract 2-A-1
Tract 2-A-1

Type: Land
Price: $600,000 ($8.77 / Land SF)
Buyer: TRP Development LLC
Elifin’s Notes: Developer purchases 1.5+ acres near the Kenilworth Center shopping center on Highland Rd.

1149 S Tamari Dr
1149 S Tamari Dr

Type: Specialty
Price: $550,000 ($85 / SF)
Buyer: El Milagro Baton Rouge Inc
Elifin’s Notes: Iglesia de Dios “El Milagro” Baton Rouge purchase their church building on the corner of S Tamari Dr and Dawn Ave.

Tract C-2-A-2 Burbank Dr
Tract C-2-A-2 Burbank Dr

Type: Land
Price: $430,000 ($16.95 / Land SF)
Buyer: Blue Store of Burbank LLC
Elifin’s Notes: Triplet’s Blue Store purchases vacant lot on the corner of Burbank Dr and Starling Lane.

4860 North Blvd
4860 North Blvd

Type: Office
Price: $350,000 ($118 / SF)
Buyer: Red Stick Brothers LLC
Elifin’s Notes: Local investors purchase office building on North Blvd near the S Foster Dr intersection.

1515 Gardere Lane
1515 Gardere Lane

Type: Industrial
Price: $185,000 ($64 / SF)
Buyer: J L Hymel Properties LLC
Elifin’s Notes: Office/warehouse sales on Gardere Lane near GSRI Ave.

10309 Mammoth Dr
10309 Mammoth Ave

Type: Industrial
Price: $165,000 ($52 / SF)
Buyer: Green Valley Choctaw Two LLC
Elifin’s Notes: Warehouse property sells on Mammoth Ave.

3554 Plank Rd
3554 Plank Rd

Type: Retail
Price: $100,000 ($16 / SF)
Buyer: Freestone Hospitality LLC
Elifin’s Notes: Kentucky-based buyer purchases former thrift store on Plank Rd.

3540 Drusilla Ln
3540 Drusilla Ln

Type: Retail
Price: Withheld
Buyer: Drusilly Center LLC
Elifin’s Notes: Drusilla Lane strip center sells near I-12 intersection. Price withheld.


Upcoming Planning Commission Cases

Major Street Plan Amendment – Midway Connector

  • Submitted on 3/2/2022 by Lawrence N. Messina. To remove a segment of the Midway connector extending between Anselmo Lane and Picardy Avenue from the Major Street Plan.
  • Staff Report – Application – View on Map

Commercial Permits Issued Last Week

ELIFIN®
Elifin Realty
marketing@elifinrealty.com
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