The Pulse BR: Wayne Stablier purchases property near Amazon

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

Commercial Sales Recorded Last Week

1655 N Airway Dr
1655 N Airway Dr

Type: Industrial
Price: $800,000 ($68.97 / SF)
Buyer: Catering Cajun Properties LLC
Elifin’s Notes: Wayne Stablier purchases industrial property on N Airway Dr.

234 Richland Ave
234 Richland Ave

Type: Multifamily
Price: $790,000 ($79,000 / Unit)
Buyer: Midcity Acquisition Group LLC
Elifin’s Notes: Local investors purchase a 10-unit apartment building in Mid City.

6721 Exchequer Dr
6721 Exchequer Dr

Type: Retail
Price: $532,000 ($110.83 / SF)
Buyer: Kirk Napoli
Elifin’s Notes: Owner of Kirk’s Tire & Accessories purchases former restaurant space on Exchequer Dr.

12540 S Choctaw Dr
12540 S Choctaw Dr

Type: Industrial
Price: $435,000 ($80.56 / SF)
Buyer: MBN Holdings LLC
Elifin’s Notes: Local real estate agents purchase industrial property on S Choctaw Dr.

4336 Floynell Dr
4336 Floynell Dr

Type: Retail
Price: $390,000 ($148.57 / SF)
Buyer: LK White LLC
Elifin’s Notes: Local investor purchases a neighboring tailor shop and bar just off of Jefferson Hwy.

8675 Bluebonnet Blvd, Ste C
8675 Bluebonnet Blvd, Ste C

Type: Office
Price: $317,500 ($204.84 / SF)
Buyer: Coffey Insurance Agency LLC
Elifin’s Notes: Coffey Insurance Agency purchase office suite in the Prei One Office Condos.

10043 Mammoth Avenue
10043 Mammoth Avenue

Type: Industrial
Price: $300,000 ($50.00 / SF)
Buyer: Hornet Properties, LLC of Texas
Elifin’s Notes: Industrial property sells on Mammoth Ave.

10063 Mammoth Avenue
10063 Mammoth Avenue

Type: Industrial
Price: $285,000 ($47.50 / SF)
Buyer: Mammoth Georgia, LLC
Elifin’s Notes: Industrial property sells on Mammoth Ave.

15045 Old Hammond Hwy
15045 Old Hammond Hwy

Type: Office
Price: $265,000 ($73.20 / SF)
Buyer: Tender Kare Transport LLC
Elifin’s Notes: Livingston parish buyers purchase office building on Old Hammond Hwy.

614 Europe Street
614 Europe Street

Type: Office
Price: $260,000 ($187.86 / SF)
Buyer: Michael Habig
Elifin’s Notes: Beauregard office building sells to local investor.

170 McGehee Dr
170 McGehee Dr

Type: Office
Price: $250,000 ($33.03 / SF)
Buyer: 170 Inc
Elifin’s Notes: Local investor purchases medical office near the corner of McGehee Dr and Florida Blvd.


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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