07 Jun 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.

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.

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

• 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 Application – Rezoning Application – View on Map

Commercial Permits Issued Last Week

• 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

• Type: Electrical
• Description: Tree fell on service replace service riser
• Owner: Patsy Smart

• 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

• Type: Mechanical
• Description: Remove & Replace (4) existing heat pumps & (4) existing condenser mini splits
• Owner: N/A

• Type: Occupancy
• Description: Dispatch and customer service office/warehouse.
• Owner: Robert Miller

• Type: Occupancy
• Description: Construction/Job Site Trailer. Sewer tie-in. Associated Building permit # 123157.
• Owner: N/A

• 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

• Type: Occupancy
• Description: Storage for office equipment and supplies.
• Owner: Donna Rumfola

• Type: Occupancy
• Description: Existing Office/Warehouse to be used as marketing firm
• Owner: Missy Brown

• Type: Occupancy
• Description: existing office space
• Owner: Ashley Sterling

• Type: Commercial: Remodel
• Description: Demo and Repairs to existing stairs and deck.
• Owner: N/A

• Type: Occupancy
• Description: Existing Warehouse/Office
• Owner: James Myers

• Type: Electrical
• Description: 100 amp service on 35foot class 4 pole along railroad tracks feeding railroad signal
• Owner: N/A

• Type: Occupancy
• Description: Office for holdings company.
• Owner: Gary Binns

• Type: Occupancy
• Description: Existing nightclub.
• Owner: Don Breaux

• Type: Occupancy
• Description: Building is exiting Hotel and We will keep this building as a Hotel.
• Owner: Sam Sayania

• 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

• Type: Occupancy: Clean
• Description: Clean and show.
• Owner: Phil Scroggs

• Type: Occupancy
• Description: This is a fourplex building for rent
• Owner: ELhag Shaban

• Type: Occupancy
• Description: Existing restaurant now selling alcohol.
• Owner: Robbie Hart

• 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

• Type: Occupancy
• Description: Retail Store
• Owner: Crystal Knox

• Type: Gas Test
• Description: Gas test for rental unit #5502
• Owner: N/A

• Type: Occupancy
• Description: Braid and Beauty Services
• Owner: Jasmyne McCray

• Type: Occupancy
• Description: Warehouse for plumbing company.
• Owner: Rachel Boitnott

• Type: Occupancy
• Description: Construction/Job site trailer. Sewer tie-in. In relation to Building Permit # 123446.
• Owner: Rick Horton

• Type: Occupancy
• Description: Turn electricity back on. Entergy requires a fresh inspection
• Owner: Sandra Shaw

• Type: Commercial: Remodel
• Description: (EXPEDITED) Remodel of an existing 1,340 SF Church’s Chicken
• Owner: N/A

• Type: Demolition
• Description: Demolition of two one story buildings. Phase 2
• Owner: Borden’s Dairy (formally)

• 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

• Type: Occupancy
• Description: Office for construction company.
• Owner: Jeff Patin

• 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

• Type: Occupancy
• Description: Office/warehouse – field service parts and repair.
• Owner: Kelwin Clark

• 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

• Type: Occupancy
• Description: Existing Retail Suite space.
• Owner: N/A

• Type: Occupancy
• Description: Office/warehouse to store wrought iron doors, office for appointment, small show room.
• Owner: N/A

• Type: Occupancy
• Description: WILL BE USE FOR BAKERY AND RESTAURANT.
• Owner: JOSE MORALES

• Type: Occupancy
• Description: Painting, replacing doors, ceiling Fans, n floors, etc…
• Owner: Gwendolyn Smith

• Type: Electrical
• Description: Repair service, Service was struck by lighting. Please call 225-939-6731 If need entry
• Owner: Travis Noote