03 Jan The Pulse: Retail Portfolio at LSU and Corporate Blvd Land Sale

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

Commercial Sales Recorded Last Week

10127 Florida Blvd
Price: $300,000 ($39 / SF)
Buyer: Blvd Salon Suites LLC
Elifin’s Notes: Blvd Salon Suites purchases their location on Florida Blvd near the Sharp Rd intersection.

3266 Drusilla Lane
Price: $2,400,000
Buyer: 3266 Drusilla LLC
Elifin’s Notes: Local investor purchases Drusilla Lane office building on 2.38 acres.

1188 Rosenwald Road
Price: $950,000 ($26,389 / Unit)
Buyer: University Place Housing 2 LLC
Elifin’s Notes: Local investor purchases Rosenwald Place, a 36 unit apartment complex in North Baton Rouge.

12475 Florida Blvd
Price: $2,884,615 ($627 / SF)
Buyer: Trio Fund I Baton Rouge LA LLC
Elifin’s Notes: Connecticut-based investor purchases the Sonny’s BBQ on Florida Blvd.

268 W Chimes St (Portfolio)
Price: $1,050,000
Buyer: Stalter Holdings LLC
Elifin’s Notes: Local real estate agent purchases a Little Caesar’s and a retail property near the north gates of LSU.

3444 S Sherwood Forest Blvd
Price: Withheld
Buyer: Niki Madison LP
Elifin’s Notes: The Niki Group, a San Diego-based real estate investment firm, purchase Dairy Queen on S Sherwood Forest Blvd. Price withheld.

3612 Baker Blvd
Price: $5,168,227 ($141 / SF)
Buyer: River Oaks Holdings LLC
Elifin’s Notes: Northridge Care Center, a senior rehab and living center in Baker, sells.

9314 Baringer Foreman Rd
Price: $5,600,000 ($275 / SF)
Buyer: Hackberry Rouge LLC
Elifin’s Notes: Lake Charles-based buyer purchases former Acme Brick location near the corner of Airline Hwy and Baringer Foreman Rd.

Tract A-1-A-1-A-2 Mickens Rd
Price: $1,200,000 ($0.30 / Land SF)
Buyer: Mickens Rd Development
Elifin’s Notes: 93+ acres sell off Mickens Rd near the Joor Rd intersection.

4197 Winbourne Ave
Price: $200,000 ($6.01 / Land SF)
Buyer: Shipp Holding Properties LLC
Elifin’s Notes: Four commercially zoned lots sell on the corner of Winbourne Ave and N Foster Dr.

Tract 1-B Corporate Blvd
Price: $2,349,104 ($27.94 / Land SF)
Buyer: Cadence Bank
Elifin’s Notes: Mississippi-based Cadence Bank purchases 1.93 acre lot on Corporate Blvd.

1215 Independence Blvd, Suite 10
Price: $180,000 ($45 / Land SF)
Buyer: Bonin Holdings LLC
Elifin’s Notes: Office pad site sells at the Copper Mill Office Park in Zachary.

Tract 2 Samuel Rd
Price: $169,000 ($0.38 / Land SF)
Buyer: Yeluob Enterprises LLC
Elifin’s Notes: 10+ acre tract of land sells in Zachary.

Upcoming Planning Commission Cases

Brookwood Storage

• Submitted on 11/12/2021 by Connor Glennon. Proposed self-storage facility on property located on the north side of Burbank Drive, east of Bluebonnet Boulevard. Proposed 1 building, ±119,095 SF.
• Application – View on Map

Commercial Permits Issued Last Week

• Type: Gas Test
• Description: Install a gas pressure test for inspection to have gas turned back on by gas company.
• Owner: James Sanders

• Type: Electrical
• Description: Replace overhead incoming service that was damaged from Hurricane Ida
• Owner: Sterling Chapman

• Type: Occupancy
• Description: Affordable housing
• Owner: N/A

• Type: Commercial: Remodel
• Description: RETAIL Convenience STORE, Deli added, never properly reviewed and permitted.
• Owner: MOHAMED ALASHMALY

• Type: Occupancy
• Description: restaurant
• Owner: Cameron Moreaux

• Type: Electrical
• Description: Wires from meter to panel, exposed emergency disconnect being done
• Owner: Carol Robinson

• Type: Occupancy
• Description: Hotel
• Owner: N/A

• Type: Gas Test
• Description: CAKE GODDESS GAS PRESSURE TEST
• Owner: WENDY THIBODEAUX

• Type: Occupancy
• Description: Office-Clubhouse
• Owner: Alissa Hood

• Type: Mechanical
• Description: Remove and replace (4) packaged rooftop HVAC units.
• Owner: N/A

• Type: Occupancy
• Description: office building
• Owner: LIZABETH JACKSON

• Type: Electrical
• Description: changed out 8 pack meter center
• Owner: N/A

• Type: Electrical
• Description: Installation of new transformer and service for two EV charging stations
• Owner: Bryan O’Connor

• Type: Occupancy
• Description: House over 1 yr old
• Owner: Raymond Bennie

• Type: Commercial: Remodel
• Description: (Expedited Review) Renovation to an existing 3203 s.f. building (Mercantile Group M) for new tenant. Scope of work includes change in partition layouts and alterations to existing mechanical, electrical and plumbing.
• Owner: N/A

• Type: Occupancy
• Description: Detached single family home, 1 story, approx. 1554 sq.ft. Trying to get electricity connected.
• Owner: Karen Fairess

• Type: Commercial: New
• Description: New construction 798 s.f. Drive Thru Canopy Structure for new 2-story, 27,519 s.f. office building for operations and branch for Campus Federal Credit Union with three ground floor tenant spaces for future use. (See permit 124737 for Main Building, Parking Lot, Sitework and Generator.)
• Owner: Robert Nading

• Type: Occupancy
• Description: class office
• Owner: Joshua Mancuso

• Type: Electrical
• Description: change out 6 pack meter center
• Owner: N/A

• Type: Plumbing
• Description: HWH REPLACEMENT WITH FINAL INSPECTION
• Owner: PATRICK COHN

• Type: Occupancy
• Description: Office/Warehouse
• Owner: Craig Page

• Type: Gas Test
• Description: gas tet
• Owner: N/A

• Type: Commercial: Remodel
• Description: Renovation of existing school gymnasium and locker rooms, A-3 use, limited to new HVAC system.
• Owner: N/A

• Type: Occupancy
• Description: warehouse
• Owner: N/A

• Type: Gas Test
• Description: GAS TEST WITH FINAL INSPECTION
• Owner: DANNY NYGUEN

• Type: Occupancy
• Description: clean and show
• Owner: Todd Pevey

• Type: Electrical
• Description: Changing out existing 200 amp service
• Owner: Charles Kennon

• Type: Commercial: Remodel
• Description: (Expedited Review) NAILS SALON
• Owner: GERALD PEARSON

• Type: Commercial: Remodel
• Description: (Expedited Review) Tenant infill – Exercise Facility
• Owner: N/A

• Type: Occupancy
• Description: home office
• Owner: Collis Temple

• Type: Occupancy
• Description: CONTINUED USE OF STORAGE OF HOUSEHOLD GOODS
• Owner: Phil Pike

• Type: Electrical
• Description: Panel change out
• Owner: Melissa Kidwell

• Type: Electrical
• Description: Doing a complete service change
• Owner: Michael Victorian

• Type: Occupancy
• Description: storage/ warehouse,
• Owner: Jimmy Garrett

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

• Type: Commercial: Remodel
• Description: Interior Renovations to an existing linear accelerator vault exam room for new equipment.
• Owner: Peyton Grant

• Type: Commercial: Remodel
• Description: Change of occupancy of 1315 s.f. Suite 102 from Business Office use to Smoke shop for retail sales of tobacco products and accessories (mercantile). No in-store smoking or alcohol sales. No structural, electrical, mechanical or plumbing changes.
• Owner: Awais Zulfiqar

• Type: Occupancy
• Description: Office space
• Owner: Yasmeen Mohammed

• Type: Commercial: Remodel
• Description: (Expedited Review) Interior renovations of 1040 sq. ft. of an existing building.
• Owner: James Manasseh

• Type: Gas Test
• Description: Leak on gas service, utility meter was pulled for repair
• Owner: Patty Merrick

• Type: Occupancy
• Description: office space
• Owner: Jak Kunstler