The Pulse: Three Former Bank Locations Sell to Local Investors

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

Commercial Sales Recorded Last Week

1747 O’Neal Lane
Price: $325,000 ($125 / SF)
Buyer: 1747 O’Neal Lane LLC
Elifin’s Notes: Local real estate agent purchases former credit union location on O’Neal Lane just north of the I-12 intersection.
5025 Hollywood St
Price: $275,000 ($39 / SF)
Buyer: Franklin & Juandrika Watson
Elifin’s Notes: The owners of Frank and Drika’s Plaza, a thrift store on the corner of Hollywood St and N Foster Dr, purchase the business’s location.
2390 O’Neal Lane
Price: $410,000 ($113 / SF)
Buyer: 2390 O’Neal Property LLC
Elifin’s Notes: Local investor purchases former Capital One branch on O’Neal Lane.
19980 Highland Rd
Price: $1.400,000 ($364 / SF)
Buyer: DIDEBU LLC
Elifin’s Notes: Local investor purchases former Capital One branch on Highland Rd near the Airline Hwy intersection.
4353 Groom Rd
Price: $2,721,893 ($288 / SF)
Buyer: Exchangeright Net-Leased Portfolio 47 DST
Elifin’s Notes: Exchangeright, a California-based real estate investment firm, purchase Fresenius Medical Care in Baker.

No Multifamily sales recorded in EBR Parish last week.

Specialty Sales

4517 Lassen Dr
Price: $630,000 ($49 / SF)
Buyer: All Nations Worship Assembly of Baton Rouge
Elifin’s Notes: All Nations Worship Assembly purchase their church building located just off Greenwell Springs Rd near the N Sherwood Forest Blvd intersection.

Industrial Sales

11422 Industriplex Blvd
Price: $975,000 ($77 / SF)
Buyer: Yellow Cotton Bay LLC
Elifin’s Notes: Advanced Office Systems owner purchases industrial property neighboring the company’s office on Industriplex Blvd.
6566 N Foster Dr
Price: $200,000 ($15 / SF)
Buyer: Le Vo LLC
Elifin’s Notes: Georgia-based buyer purchases two industrial buildings on 1.75 acres off N Foster Dr just north of the Airline Hwy intersection.

 


Upcoming Planning Commission Cases

Zero Lot Line Subdivision Proposed near Tiger Bend Road & Elliot Road
  • Submitted on 5/5/2021 by Deric Murphy. Proposed subdivision, Garden Hill Subdivision, and proposed rezoning from Rural to A2.6 (Zero Lot Line Residential). Property size 13.16 acres. Average size of proposed lots 5,175 SF.
  • Subdivision ApplicationRezoning Application – View on Map

Commercial Permits Issued Last Week

06/04/2021 // 8408 SCOTLAND AVE BATON ROUGE LA 70807
  • Type: Commercial: Remodel
  • Description: (EXPEDITED) Facade Renovations to 3 attached commercial buildings on separate lots separated by masonry exterior walls (one of the buildings has 2 suites B&C). All 4 spaces have different addresses. Unit D will be reconstructed on existing foundation abutting the existing buildings on 2 sides. This Permit for 8408 Scotland Ave, (Suite A) No Electrical, mechanical or plumbing included, complete interior permits required.
  • Owner: BRADLY BROWN
06/04/2021 // 17494 JEFFERSON HWY BATON ROUGE LA 70817
  • Type: Electrical
  • Description: Tree fell on service replace service riser
  • Owner: Patsy Smart
06/04/2021 // 10480 PERKINS RD BATON ROUGE LA 70810
  • Type: Commercial: Parking Lot
  • Description: Site work, parking lot, and landscape to serve a proposed 6,750 s.f. new restaurant. (Restaurant plans not received as of 4/20/21.)
  • Owner: Paul McGoey
06/04/2021 // 112 FOUNDERS DR BATON ROUGE LA 70810
  • Type: Mechanical
  • Description: Remove & Replace (4) existing heat pumps & (4) existing condenser mini splits
  • Owner: N/A
06/04/2021 // 544 N FOSTER DR BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: Dispatch and customer service office/warehouse.
  • Owner: Robert Miller
06/04/2021 // 10346 OAK COLONY BLVD BATON ROUGE LA 70817
  • Type: Occupancy
  • Description: Construction/Job Site Trailer. Sewer tie-in. Associated Building permit # 123157.
  • Owner: N/A
06/04/2021 // 1019 LA CRETE LN BATON ROUGE LA 70810
  • Type: Commercial: Remodel
  • Description: May 2021 Flood – Flood damage renovation to 3,200 s.f. office/warehouse building. Scope of work includes replacing drywall, insulation and vanity/cabinets. 9 inches of water. No electrical or mechanical work per scope.
  • Owner: John Boes
06/04/2021 // 11422 INDUSTRIPLEX BLVD BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Storage for office equipment and supplies.
  • Owner: Donna Rumfola
06/04/2021 // 5339 CHOCTAW DR BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: Existing Office/Warehouse to be used as marketing firm
  • Owner: Missy Brown
06/03/2021 // 5425 STE B GALERIA DR BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: existing office space
  • Owner: Ashley Sterling
06/03/2021 // 4040 BURBANK DR BATON ROUGE LA 70808
  • Type: Commercial: Remodel
  • Description: Demo and Repairs to existing stairs and deck.
  • Owner: N/A
06/03/2021 // 1766 BEAUMONT DR BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: Existing Warehouse/Office
  • Owner: James Myers
06/03/2021 // 1006 W MC KINLEY ST BATON ROUGE LA 70802
  • Type: Electrical
  • Description: 100 amp service on 35foot class 4 pole along railroad tracks feeding railroad signal
  • Owner: N/A
06/03/2021 // 4600 SHERWOOD COMMON BLVD BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Office for holdings company.
  • Owner: Gary Binns
06/03/2021 // 4619 BENNINGTON AVE BATON ROUGE LA 70808
  • Type: Occupancy
  • Description: Existing nightclub.
  • Owner: Don Breaux
06/03/2021 // 5600 BLUEBONNET BLVD BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Building is exiting Hotel and We will keep this building as a Hotel.
  • Owner: Sam Sayania
06/03/2021 // 2627 HURON ST BATON ROUGE LA 70805
  • Type: Commercial: Remodel
  • Description: Renovation of exiting 2 story 2,500 s.f. quadplex, Units A, B, C and D of 625 s.f. Scope of work includes replacing sheetrock in some locations, electrical receptacles and switches, plumbing fixtures0 tubs, toilets and sinks, cabinets, flooring and patching parts of the roof with sheathing and shingles. No HVAC work per scope.
  • Owner: Wil’Liska Prevost
06/02/2021 // 11346 PENNYWOOD AVE BATON ROUGE LA 70809
  • Type: Occupancy: Clean
  • Description: Clean and show.
  • Owner: Phil Scroggs
06/02/2021 // 1614 CLEAR LAKE AVE BATON ROUGE LA 70808
  • Type: Occupancy
  • Description: This is a fourplex building for rent
  • Owner: ELhag Shaban
06/02/2021 // 2698 S SHERWOOD FOREST BLVD BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Existing restaurant now selling alcohol.
  • Owner: Robbie Hart
06/02/2021 // 1526 N FOSTER DR BATON ROUGE LA 70806
  • Type: Commercial: Remodel
  • Description: Interior renovation to finish out existing 7,165 s.f. vanilla box for Mercantile grocery store with food preparation and cooking use.
  • Owner: N/A
06/02/2021 // 8552 SCOTLAND AVE BATON ROUGE LA 70807
  • Type: Occupancy
  • Description: Retail Store
  • Owner: Crystal Knox
06/02/2021 // 16441 S HARRELL’S FERRY RD BATON ROUGE LA 70816
  • Type: Gas Test
  • Description: Gas test for rental unit #5502
  • Owner: N/A
06/02/2021 // 3024 WESTFORK DR BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Braid and Beauty Services
  • Owner: Jasmyne McCray
06/02/2021 // 12526 GREENWELL SPRINGS RD BATON ROUGE LA 70814
  • Type: Occupancy
  • Description: Warehouse for plumbing company.
  • Owner: Rachel Boitnott
06/02/2021 // 15813 OLIVE GROVE DR ZACHARY LA 70791
  • Type: Occupancy
  • Description: Construction/Job site trailer. Sewer tie-in. In relation to Building Permit # 123446.
  • Owner: Rick Horton
06/02/2021 // 807 MAYFLOWER ST BATON ROUGE LA 70802
  • Type: Occupancy
  • Description: Turn electricity back on. Entergy requires a fresh inspection
  • Owner: Sandra Shaw
06/02/2021 // 5415 PLANK RD BATON ROUGE LA 70805
  • Type: Commercial: Remodel
  • Description: (EXPEDITED) Remodel of an existing 1,340 SF Church’s Chicken
  • Owner: N/A
06/02/2021 // 4743 FLORIDA BLVD BATON ROUGE LA 70806
  • Type: Demolition
  • Description: Demolition of two one story buildings. Phase 2
  • Owner: Borden’s Dairy (formally)
06/01/2021 // 15555 GEORGE O’NEAL RD BATON ROUGE LA 70817
  • Type: Commercial: Remodel
  • Description: minor work to make bath room ADA accessible. Close in Garage to make offices. Adding sprinkler system. Convert from single family residence to group home.
  • Owner: Tanya Stuart
06/01/2021 // 6002 STE B4 PERKINS RD Baton Rouge LA 70808
  • Type: Occupancy
  • Description: Office for construction company.
  • Owner: Jeff Patin
06/01/2021 // 10932 COURSEY BLVD BATON ROUGE LA 70816
  • Type: Commercial: New
  • Description: New construction of 13,388 s.f. metal bldg. for Business office (3,822 s.f.) and warehouse use (9,566 s.f.) for beauty supply, and parking/site work to serve.
  • Owner: N/A
06/01/2021 // 11800 INDUSTRIPLEX BLVD BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Office/warehouse – field service parts and repair.
  • Owner: Kelwin Clark
06/01/2021 // 9410 GREENWELL SPRINGS RD BATON ROUGE LA 70814
  • Type: Electrical
  • Description: Gas station; Work is to resecure 2 2 rigid risers with unistrut and provide a new , secure insulated knob to catch lines from Entergy
  • Owner: Ahmad Hmdan
06/01/2021 // 6401 BLUEBONNET BLVD BATON ROUGE LA 70836
  • Type: Occupancy
  • Description: Existing Retail Suite space.
  • Owner: N/A
06/01/2021 // 7353 ALBERTA DR BATON ROUGE LA 70808
  • Type: Occupancy
  • Description: Office/warehouse to store wrought iron doors, office for appointment, small show room.
  • Owner: N/A
06/01/2021 // 6031 STE H SIEGEN LN BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: WILL BE USE FOR BAKERY AND RESTAURANT.
  • Owner: JOSE MORALES
06/01/2021 // 3312 N ACADIAN THWY BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: Painting, replacing doors, ceiling Fans, n floors, etc…
  • Owner: Gwendolyn Smith
06/01/2021 // 2512 SHADOWBROOK DR BATON ROUGE LA 70816
  • Type: Electrical
  • Description: Repair service, Service was struck by lighting. Please call 225-939-6731 If need entry
  • Owner: Travis Noote
Elifin Realty
Elifin Realty
marketing@elifinrealty.com
No Comments

Post A Comment