The Pulse BR: Walgreens on Highland sold to NY Investor

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

Commercial Sales Recorded Last Week

5298 Highland Rd, Baton Rouge, LA 70808
5298 Highland Rd, Baton Rouge, LA 70808

Type: Retail
Price: $3,550,000 ($287.80 / SF)
Buyer: 5298 Highland Rd LLC
Elifin’s Notes: Walgreens location on the corner of Highland Rd and Lee Dr sells to New York-based investor.

571 Kornmeyer Plaza Drive, Baton Rouge, LA 70806
571 Kornmeyer Plaza Drive, Baton Rouge, LA 70806

Type: Industrial
Price: $725,000 ($96.67 / SF)
Buyer: Collegiate Academies
Elifin’s Notes: Collegiate Academies, a New Orleans-based organization specializing in building world-class public schools, purchases industrial property just off of Lobdell Blvd.

9402 Burbank Drive, Baton Rouge, LA 70810
9402 Burbank Drive, Baton Rouge, LA 70810

Type: Retail
Price: $430,000 ($443.76 / SF)
Buyer: Jai Ambe Enterprises, LLC
Elifin’s Notes: Marco’s Pizza purchases walk-up restaurant space on Burbank Dr.

2840 Mission Dr, Baton Rouge, LA 70805
2840 Mission Dr, Baton Rouge, LA 70805

Type: Industrial
Price: $138,000 ($30.33 / SF)
Buyer: Poret Crochet Properties LLC
Elifin’s Notes: Industrial property sells on Mission Dr.

15417 River Road, Baton Rouge, LA 70820
15417 River Road, Baton Rouge, LA 70820

Type: Land
Price: Withheld
Buyer: MWIII Hospitality III LLC
Elifin’s Notes: Local developer, Mike Wampold, purchases nearly 50 acres off River Rd near the L’Auberge Casino.


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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