11 Nov The Pulse: LWCC Purchases Former La Quinta Inn + 2 National Auto Service Retailers Purchases Land in BR

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

Commercial Sales Recorded Last Week

9442, 9452, 9560 Angus Ave
Price: $1,450,000 ($60,417 / unit)
Buyer: Duke Rentals of Zachary LLC
Elifin’s Notes: Three 8-plexes in Zachary sell each containing 2 bed / 1 bath units.

3905 Convention St
Price: $290,000 ($41 / SF)
Buyer: HIV/AIDS Alliance for Region Two (HAART), Inc
Elifin’s Notes: HAART, a non-profit HIV/AIDS treatment and prevention organization, purchases medical office on Convention St.

16524 Port Hudson-Pride Rd
Price: $200,000 ($65 / SF)
Buyer: Louisiana Postal Holdings LLC
Elifin’s Notes: Postal Realty Trust, a New York company that owns and manages properties leased to the USPS, purchases post office in Pride.

17425 Jefferson Hwy, Suite D
Price: $154,000 ($122 / SF)
Buyer: 17425 Jefferson Hwy Suite D LLC
Elifin’s Notes: Office suite sells at Highland Club Office Park.

4917 Florida Blvd
Price: $1,523,230 ($183 / SF)
Buyer: Exchaneright Net Leased Portfolio 30 DST
Elifin’s Notes: ExchangeRight, a California based real estate agency, purchases Dollar General on Florida Blvd near N Foster Dr.

16375 S Harrell’s Ferry Rd
Price: $1,324,538 ($183 / SF)
Buyer: Exchangeright Net Leased Portfolio 30 DST
Elifin’s Notes: ExchangeRight purchases Dollar General on S. Harrell’s Ferry Rd near O’Neal Ln.

5353 Plank Rd
Price: $1,100,000 ($333 / SF)
Buyer: Daniel Kwak
Elifin’s Notes: California based investor purchases Burger King on Plank Rd near Hollywood St.

2333 S Acadian Thwy
Price: $4,400,000 ($37.27 / Land SF)
Buyer: Louisiana Workers’ Compensation Corporation
Elifin’s Notes: Louisiana Workers’ Compensation Corporation purchases the former La Quinta Inn location near their office on S, Acadian Thwy near I-10. The seller, S Hospitality LLC, just purchased the hotel for $2.5 million on 10/01/2019.

9314 Baringer Foreman Rd
Price: $3,000,000 ($142 / SF)
Buyer: Henderson Development LLC
Elifin’s Notes: Henderson Development purchases former Acme Brick location near the corner of Airline Hwy and Baringer Foreman Rd.

11220 Cedar Park Ave
Price: $725,000 ($60 / SF)
Buyer: Appraisal Office LLC
Elifin’s Notes: Kim’s Architectural Millworks location sells to Baton Rouge appraiser Tom Cook.

Tract B-1-B-3-A-2 Airline Hwy
Price: $705,000 ($23.46 / Land SF)
Buyer: CBH Properties Baton Rouge LLC
Elifin’s Notes: Christian Brothers Automotive, a Houston based auto repair and service franchise, purchases land on Airline Hwy near Baringer-Foreman Rd.

10220 Coursey Blvd
Price: $675,000 ($13.63 / Land SF)
Buyer: NTW LLC
Elifin’s Notes: TBC Corporation, a company that includes Tire Kingdom and NTB Tire & Service Centers, purchases corner lot at Coursey Blvd and Cedarcrest Ave in front of the Home Depot.

2824 Fellsway Dr
Price: $315,000 ($36 / SF)
Buyer: TNHQ Investments LLC
Elifin’s Notes: Investor purchases Thermacon Manufacturing location in industrial park near Mammoth Ave and Monterrey Dr.

1815, 1835 Dallas Dr
Price: $260,000 ($3,562 / Unit)
Buyer: Gable Construction LLC
Elifin’s Notes: Gable Construction purchases 73 unit self-storage facility near Tom Dr and Airline Hwy intersection.

4241, 4259 Jeffrey Dr
Price: $200,000 ($33 / SF)
Buyer: Downtown Enterprises Inc
Elifin’s Notes: Investor purchases two industrial buildings near Alco Dr and Airline Hwy.

10325 S Perdue Ave
Price: $125,000 ($28 / SF)
Buyer: JOR Property LLC
Elifin’s Notes: The owner of Advanced Powder Coating purchases the business’s location near S. Choctaw and N. Sherwood Dr.

N 7th St at University Walk
Price: $100,000 ($16.40 / Land SF)
Buyer: W2 Property Management LLC
Elifin’s Notes: Commercially zoned lot (B1) sells in Spanish Town a block north of North St.

Upcoming Planning Commission Cases

• Lakes at Legacy: Proposed 276 Lot Subdivision Off S Sherwood Forest Blvd
  • Submitted 7/05/2019 by Mickey Robertson. Proposed 276 residential lots and 10 common area tracts on a former golf course off S. Sherwood Forest near Old Hammond Hwy.
  • Staff Report – View on Map – Plans
• Montan Estates: 2 Proposed Commercial Lots off Highland Rd
  • Submitted 10/1/19 by Michael Davis. Proposal for two commercial lots north of Highland Rd and west of Sotile Dr.
  • Staff Report – View on Map – Plans
• Goodwood Estates: Proposed Low Density Single Family Subdivision
  • Submitted 7/2/19 by Joseph Levatino. Proposed subdivision of lot 10 in Goodwood Estates from one residential lot to two residental lots.
  • Staff Report – View on Map – Plans

Commercial Permits Issued Last Week

• Type: Occupancy
• Description: Print and Mail services
• Owner: Ryan Pritchard

• Type: Sign: On Premise
• Description: 2 wall signs at 8.94′ by 9.33′ and 5.73′ by 23.02. Illuminated.
• Owner: N/A

• Type: Commercial: Remodel
• Description: Renovation of 13,480 s.f. on third floor of existing SPRK. Medical Center, 3 South A wing for care unit.
• Owner: Jeff Mosely

• Type: Commercial: Remodel
• Description: Renovation of an existing 7,735 sf for Business office space use.
• Owner: N/A

• Type: Electrical
• Description: Correct wiring to meterbank. 350 mcm 4 circuits
• Owner: N/A

• Type: Commercial: Remodel
• Description: Renovation of existing big box food retailer Mercantile business to revise pickup storage in rear receiving stockroom with (2) existing refrigerated cases, and to revise pickup storage in front tenant space with (2) new refrigerated cases, approx. 930 s.f.
• Owner: Mark Richardson

• Type: Occupancy
• Description: Hair salon. Business within a business.
• Owner: Jennifer Do

• Type: Sign: On Premise
• Description: 2 Wall sign installation at 12.69′ by 22 and 1 wall sign at 12.69′ by 22, 1 pylon sign cabinet reface at 9’4 by 14. Illuminated.
• Owner: N/A

• Type: Electrical
• Description: Limb fell on power drop. I am repairing it.
• Owner: N/A

• Type: Commercial: New
• Description: New construction of two pre-fabricated buildings, 1 and 2, of 2,657 s.f. for structural steel fabrication conveyor system, and site work/landscaping to serve. THIS permit is for Bldg. 2 of 1,036 s.f. for F-2 use. See 104962 for UPLOADED DRAWINGS and associated documents.
• Owner: Kevin Tabor

• Type: Sign: On Premise
• Description: 2 wall signs at 19’3 by 3’1 and 13’4 by 2’3, 1 projecting sign at 4′ by 1’4. Illuminated.
• Owner: N/A

• Type: Occupancy
• Description: Clean and show.
• Owner: Justin Murry

• Type: Commercial: Shell
• Description: New Shell construction of 16,455 s.f. bldg. for future multi-tenant lease spaces. (SP 40-06) Retail 400 bldg. (NO MECHANICAL INSTALL AT THIS TIME)
• Owner: Brian Douglas Campbell

• Type: Commercial: New
• Description: New construction of two pre-fabricated buildings, 1 and 2, of 2,657 s.f. for structural steel fabrication conveyor system, and site work/landscaping to serve. THIS permit is for Bldg. 1 of 1,531 s.f. for F-2 use, and site work to serve.
• Owner: Kevin Tabor

• Type: Occupancy
• Description: Business for 3D/4D elective ultrasounds imagery only. Not a medical facility.
• Owner: Drew McGuire

• Type: Commercial: Remodel
• Description: Renovation of existing 4,270 s.f. bldg. to Change Occupancy from Storage use to Assembly use to include open activity area with stage, music room, serving areas with seating for 160 persons. And revised parking to serve new occupancy. No alcohol.
• Owner: Aubrey William

• Type: Occupancy
• Description: Optometry Office
• Owner: Erica Durlacher

• Type: Electrical
• Description: pig tailed copper wire onto alv and replaced pec & switches
• Owner: N/A

• Type: Sign: On Premise
• Description: 2 wall signs at 14.4′ by 4.56′. Illuminated.
• Owner: N/A

• Type: Demolition
• Description: Demolishing 8,400 sf maintenance garage only not main building and all exterior concrete walls, roof steel, roof, and all interior building components. We will take building down to the slab and then rebuild.
• Owner: N/A

• Type: Commercial: Remodel
• Description: Renovation to replace 13,174 s.f. portion of existing office warehouse bldg. roof structure, damaged during storm, B and S-1 use. Scope of work also includes removing and replacing existing electrical, mechanical and or pluming to accommodate roof structure repairs.
• Owner: Rich Marchant

• Type: Electrical
• Description: Repair riser pull down by truck (emergency)
• Owner: Geraldine Gray

• Type: Occupancy
• Description: Office building for office use
• Owner: Kelly Dick

• Type: Occupancy
• Description: Storage space
• Owner: N/A

• Type: Occupancy
• Description: existing office space
• Owner: James Kirby

• Type: Occupancy
• Description: Insurance Company
• Owner: N/A

• Type: Sign: On Premise
• Description: One wall sign at 30’3 by 2′. Illuminated.
• Owner: N/A

• Type: Sign: Off Premise
• Description: Lamar Billboard installation at 48′ by 14.
• Owner: Scott Snyder

• Type: Commercial: Remodel
• Description: Remodel of cell phone store of 1926 s.f. Scope of work includes modifying wall between existing storage and front half of building to a 1-hr as required per NFPA and converting existing restroom to ADA compliance. No electrical, plumbing or mechanical proposed.
• Owner: Gyrjit Sandhy

• Type: Sign: Off Premise
• Description: Lamar Billboard installation at 23′ by 11′.
• Owner: Scott Snyder

• Type: Sign: Off Premise
• Description: Billboard installation at 23′ by 10’9.
• Owner: Scott Snyder

• Type: Sign: On Premise
• Description: 4 wall signs (3) at 17′ 6 1/4 by 2.5′, (1) at 14′ 1 by 2′, 1 pylon sign at 15’6 by 5.17′, adding tenant panel cabinet to existing pylon sign at highland rd at 15.71′ by 1.71′, 4 directional signs (2) at 1’3 by 1’9 and (2) at 1’9 by 3’3, atm sign at 4.5′ by 1.5′, atm canopy at 6′ by 12.5′. Illuminated.
• Owner: N/A

• Type: Occupancy
• Description: Restaurant
• Owner: Kelli Nolan

• Type: Occupancy
• Description: Showroom and Warehouse
• Owner: N/A

• Type: Sign: On Premise
• Description: Installing 2 canopy signs at 5’4 by 2′. Illuminated.
• Owner: N/A

• Type: Sign: On Premise
• Description: 5 walls signs. 3 at front elevation at 10’8 by 2’7, 11’10 by 1’9, and 11’10 by 1’2, and 2 at right elevation at 11’10 by 1’9 by 11’10 by 1’2. Illuminated.
• Owner: N/A

• Type: Occupancy
• Description: Existing Storage
• Owner: Chris Cody

• Type: Occupancy
• Description: Counseling/treatment 750sf
• Owner: Caye Ribas

• Type: Mechanical
• Description: Change out of 4 ton gas unit
• Owner: Herman Holmes

• Type: Occupancy
• Description: Medical billing. Office use.
• Owner: N/A

• Type: Occupancy
• Description: Clothing store. 1200sf
• Owner: Sam

• Type: Electrical
• Description: Service upgrade
• Owner: N/A

• Type: Commercial: Remodel
• Description: Interior renovation of 1,130 s.f. portion of Suite 300 for continued Business day clinic office use.
• Owner: N/A