30 Dec The Pulse: Top 5 Commercial Real Estate Owner Mistakes of 2019

Posted at 12:00h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments
A weekly update on the commercial real estate landscape of Baton Rouge.

Commercial Sales Recorded Last Week

11420 Bard Ave
Price: $1,100,000 ($25,000 / Unit)
Buyer: Contour Sable Chase LLC
Elifin’s Notes: New Orleans investor, Max Perret, purchases Sherwood Shadow Condos, a 44-unit complex near the corner of Bard Ave and N Sherwood Forest Dr.
3126, 3150, 3152, 3154 Nicholson Dr
Price: $480,000 ($40,000 / Unit)
Buyer: Beaurayne Holdings LLC
Elifin’s Notes: Local investor purchases West Chimes Place Apartments on Nicholson Dr near LSU campus, a complex consisting of 2 bed 1 bath flats and townhouse style units.
825 Government St
Price: $2,400,000 ($92 / SF)
Buyer: SCI Tennessee Funeral Services LLC
Elifin’s Notes: Service Corporation International, a Houston-based funeral, cremation ,and cemetery services company, purchases the Rabenhorst funeral home on Government St.
11000 Florida Blvd
Price: $1,175,000 ($70 / SF)
Buyer: SCI Tennessee Funeral Services LLC
Elifin’s Notes: Service Corporation international purchases another Rabenhorst funeral home on Florida Blvd near the Sherwood Forest Blvd intersection.
13764 Airline Hwy
Price: $1,750,000 ($88 / SF)
Buyer: Trinity Contracting of Baton Rouge LLC
Elifin’s Notes: Aerial Access Equipment location on the corner of Airline Hwy and Castille Rd sells to local investor.
14001 Nicholson Dr
Price: $4,650,000 ($2.01 / Land SF)
Buyer: Woodstock Park LLC
Elifin’s Notes: BREC sells Woodstock Park, a 53-acre tract fronting Nicholson Dr.
12581 Perkins Rd
Price: $925,000 ($7.03 / Land SF)
Buyer: SCI Tennessee Funeral Services LLC
Elifin’s Notes: Service Corporation International purchases acreage on Perkins Road previously owned by Rabenhorst Funeral Homes.
21 Lots Field Creek Dr
Price: $1,312,500 ($10.68 / Land SF)
Buyer: Prime Locations LC
Elifin’s Notes: John Young, CEO of Wholesale Flooring & Granite, purchases 21 lots in the developing, 58 lot Field Creek subdivision off of Jones Creek Rd for $62,500 per lot.
1210 Church St
Price: $3,200,000 ($11,348 / Unit)
Buyer: Zachary LA Storage LLC
Elifin’s Notes: Minnesota-based company purchases Zachary Storage Solutions, a 282 unit, climate controlled self-storage facility in Zachary.

 

Upcoming Planning Commission Cases

  • 8100 Perkins Rd: Proposed AAA Rent-All Location
    • Submitted 12/05/2019 by Brian Rourke. Proposed comprehensive land use amendment from Residential Neighborhood to Commercial and rezoning from Light Commercial (C1) to Heavy Commercial (HC1) for AAA Rent-All location.
    • PA Application – Case Application – Map
  • Ozetta Residential Development: Proposed Residential Development
    • Submitted 12/16/2019 by Michael Hogstrom. Proposed ISPUD development consisting of residential use with single family lots and duplexes.
    • Application – Map
  • Gold’s Gym at The Reserve at Jefferson Crossing
    • Submitted 12/05/2019 by David Albrecht. Proposed 20,000 SF building to be used as a Gold’s Gym.
    • Application – Map

Commercial Permits Issued Last Week

12/27/2019  //  11930 INDUSTRIPLEX BLVD Baton Rouge LA 70809
  • Type: Occupancy
  • Description: Office/Warehouse
  • Owner: Janine Jacquin
12/27/2019  //  4345 N FOSTER DR BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: Tax Preparation
  • Owner: N/A
12/27/2019  //  1902 N AIRWAY DR BATON ROUGE LA 70815
  • Type: Solar
  • Description: Addition to install 84 roof-mounted 21 KW grid-tied solar panels to existing business.
  • Owner: Beau Dingler
12/27/2019  //  711 JEFFERSON HWY BATON ROUGE LA 70806
  • Type: Occupancy: Clean
  • Description: clean and show
  • Owner: N/A
12/27/2019  //  711 JEFFERSON HWY BATON ROUGE LA 70806
  • Type: Occupancy: Clean
  • Description: clean and show
  • Owner: N/A
12/26/2019  //  257 LEE DR BATON ROUGE LA 70808
  • Type: Occupancy: Clean
  • Description: Vacant existing retail space
  • Owner: GEORGE MURRELL
12/26/2019  //  9684 MAMMOTH AVE BATON ROUGE LA 70814
  • Type: Occupancy
  • Description: Electrical Contractor business/warehouse
  • Owner: Richard Tugwell
12/26/2019  //  13315 OLD HAMMOND HWY BATON ROUGE LA 70816
  • Type: Commercial: Remodel
  • Description: Flood damage remodel of existing wireless store. Work was previously completed. Building received 14 of water. Scope of work included replacing sheetrock up to 18 and three interior doors. NO Electrical, Mechanical or Plumbing work done.
  • Owner: N/A
12/24/2019  //  6134 STE F BENEFIT DR BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: storage facility for household materials
  • Owner: Chris Eddy
12/23/2019  //  11550 N HARRELL’S FERRY RD BATON ROUGE LA 70816
  • Type: Commercial: Remodel
  • Description: Renovations to the existing restrooms & breakroom and the addition of a new breakroom and training room-within walls of existing warehouse space, to total 7,038 s.f. in existing Office/Warehouse to total 41,391 s.f.
  • Owner: Tony Zumo
12/23/2019  //  2929 STE 1B MILLERVILLE RD BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Work Office
  • Owner: Chris Hyde
12/23/2019  //  9634 AIRLINE HWY Baton Rouge LA 70815
  • Type: Occupancy
  • Description: Fast food restaurant
  • Owner: John Kopans
12/23/2019  //  2171 O’NEAL LN BATON ROUGE LA 70816
  • Type: Commercial: Remodel
  • Description: Renovation of 840 s.f. space within existing big box retail bldg. for a FedEx office Business use office use.
  • Owner: N/A
12/23/2019  //  6401 BLUEBONNET BLVD BATON ROUGE LA 70836
  • Type: Commercial: Remodel
  • Description: Interior renovation of existing 613 s.f. Mercantile lease space, #2042, in shopping mall.
  • Owner: Tim Schenk
12/23/2019  //  333 LAUREL ST BATON ROUGE LA 70801
  • Type: Occupancy
  • Description: Restaurant serving alcohol
  • Owner: N/A
12/23/2019  //  4647 EARL GROS AVE BATON ROUGE LA 70820
  • Type: Occupancy
  • Description: House meter for an apartment complex
  • Owner: N/A
12/23/2019  //  3118 BALIS DR BATON ROUGE LA 70808
  • Type: Occupancy
  • Description: Storage facility for equipment
  • Owner: Jeremy Hix
12/23/2019  //  9229 BLUEBONNET BLVD BATON ROUGE LA 70810
  • Type: Occupancy
  • Description: chiropractic clinic
  • Owner: burl forgey

 

Elifin Realty
marketing@elifinrealty.com
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