01 Mar The Pulse: Tuscany Villas Apartments Sell for 34.5m

Posted at 07:50h 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

10732 S Mall Dr
Price: $34,500,000 ($75,000 / Unit)
Buyer: Evergreen at Tuscany Villas LLC
Elifin’s Notes: Tuscany Villas Apartments, a 460-unit complex located off Siegen Lane near I-10, sells to Florida-based investor.
1701 Main St
Price: $1,090,250 ($66 / SF)
Buyer: East Baton Rouge Council on the Aging, Inc
Elifin’s Notes: East Baton Rouge Council on the Aging purchase office building from the City of Baton Rouge on the corner of Main St and N 17th St.
5431 Superior Dr
Price: $288,271 ($76 / SF)
Buyer: First Financial Tax Service LLC
Elifin’s Notes: First Financial Tax Service purchases office building near the corner of S Sherwood Forest Blvd and Market Place Ave.
8139 Florida Blvd
Price: $500,000 ($63 / SF)
Buyer: NK Real Estate Investments LLC
Elifin’s Notes: Owner of Kased’s International Market purchases property neighboring their location off Florida Blvd near the Wooddale Blvd intersection.

Land Sales

Perkins Rd
Price: $700,000 ($8.03 / Land SF)
Buyer: Brandon Landry
Elifin’s Notes: Walk On’s CEO purchases commercially zoned land off Perkins Rd.
Tract D-1 Burbank Dr
Price: $750,000 ($5.23 / Land SF)
Buyer: Burbank Parc LLC
Elifin’s Notes: Local developer purchases vacant land zoned PUD on the corner of Burbank Dr and Pelican Lakes Pkwy.
5831 Creek Centre Dr
Price: Withheld
Buyer: Hutton Baton Rouge LA Burbank St LLC
Elifin’s Notes: Tennessee-based real estate investment firm Hutton purchases vacant lot off Burbank Dr in front of the Arlington Cottages & Townhomes development. Price withheld.

Industrial Sales

4133 Evan Brooks Dr
Price: $300,000 ($33 / SF)
Buyer: New Beginnings of Louisiana LLC
Elifin’s Notes: Warehouse sells off of Greenwell Springs Rd west of the Joor Rd intersection.
11860 Boylan Ave
Price: $300,000 ($98 / SF)
Buyer: Foursquare Homes LLC
Elifin’s Notes: Local investor purchases office/warehouse located off Exchequer Dr.
11762 Darryl Dr
Price: $150,000 ($8 / SF)
Buyer: Savanna View LLC
Elifin’s Notes: Local investor purchases 3 industrial properties located off S Choctaw Dr.

 

Upcoming Planning Commission Cases

Florida Blvd Rezoning from Rural to Heavy Commercial
  • Submitted on 1/27/2021 by Clet J DuPont III. Proposed rezoning from Rural to Heavy Commercial One (HC1) to match existing use after new ownership. Located on Florida Blvd close to Amite River Bridge.
  • Application – View on Map

 

Commercial Permits Issued Last Week

02/26/2021 // 7844 GOODWOOD BLVD BATON ROUGE LA 70806
  • Type: Commercial: Remodel
  • Description: (EXPEDITED) NEIGHBORS FEDERAL CREDIT UNION, GOODWOOD BRANCH IS A 11,345SF BUILDING. THE BUILDING IS NOT PROTECTED BY AN AUTOMATIC SPRINKLER SYSTEM. THE BUILDING HAS A FIRE ALARM. THIS RENOVATION WILL INCLUDE REMODELING THE LOBBY, ADJACENT OFFICES AND BACK OF HOUSE BREAK ROOM AND RESTROOMS. EXTERIOR RENOVATIONS WILL ALSO BE PERFORMED AS PART OF THE SAME CONSTRUCTION CONTRACT.
  • Owner: GREG INMAN
02/26/2021 // 6401 BLUEBONNET BLVD BATON ROUGE LA 70836
  • Type: Occupancy
  • Description: Retail sale of clothes.
  • Owner: Ramon Gonzales
02/26/2021 // 12220 OLD HAMMOND HWY BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New tenant/business in existing Auto Repair shop.
  • Owner: Richard Lacour
02/26/2021 // 246 LAFAYETTE ST Baton Rouge LA 70801
  • Type: Occupancy
  • Description: New owner of existing parking lot. Security lights/electrical only.
  • Owner: Jeremy Watson
02/26/2021 // 11820 BOYLAN AVE BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Office/warehouse for masonry company. Office and storage.
  • Owner: Jason Spencer
02/26/2021 // 7460 E INDUSTRIAL AVE BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: New tenant in existing office/warehouse. Office use for staffing agency and storage.
  • Owner: Lucia Catano
02/26/2021 // 10000 PERKINS ROWE BATON ROUGE LA 70810
  • Type: Commercial: Remodel
  • Description: (EXPEDITED) White box renovations to an existing 2850 s.f. tenant space, within an existing mixed use multi-story building, for future tenant lease space (no occupancy). Scope of work includes mechanical, electrical and plumbing as well as providing new curbed supported store front windows between existing exterior wall super structure columns.
  • Owner: Josh Galica
02/26/2021 // 2065 SHERWOOD MEADOW DR BATON ROUGE LA 70816
  • Type: Commercial: Remodel
  • Description: Renovation to a small multi family home apartment unit. 2 stories. Scope of work includes mainly cosmetic changes (carpet, baseboards, painting), replacing toilets, kitchen/laundry appliances and A/C units.
  • Owner: Angel Avila
02/26/2021 // 5431 SUPERIOR DR BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New tenant in existing office building. Office space for accounting firm.
  • Owner: Ameen Walker
02/26/2021 // 4720 JONES CREEK RD BATON ROUGE LA 70817
  • Type: Commercial: New
  • Description: New modular office building 35’x 56′.
  • Owner: Stephanie Hebert
02/26/2021 // 5355 STE B GOVERNMENT ST BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: New tenant in existing mercantile space. Thrift store.
  • Owner: Louisa Palmer
02/25/2021 // 263 3RD ST BATON ROUGE LA 70801
  • Type: Occupancy
  • Description: New owner of existing commercial office building.
  • Owner: Jeremy Watson
02/25/2021 // 5555 GOVERNMENT ST BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: Existing sporting goods retail store.
  • Owner: Mark Smith
02/25/2021 // 13111 PLANK RD BATON ROUGE LA 70811
  • Type: Gas Test
  • Description: Gas test building warehouse A
  • Owner: N/A
02/25/2021 // 6215 HOLLYFIELD DR BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Clean & Show Permit for existing unoccupied office/warehouse.
  • Owner: N/A
02/25/2021 // 5360 HIGHLAND RD BATON ROUGE LA 70808
  • Type: Commercial: Remodel
  • Description: Interior renovation of 15,0982 s.f. store.
  • Owner: N/A
02/25/2021 // 224 FLORIDA ST BATON ROUGE LA 70801
  • Type: Occupancy
  • Description: New owner of existing commercial office building.
  • Owner: Jeremy Watson
02/25/2021 // 3955 O’NEAL LN BATON ROUGE LA 70816
  • Type: Commercial: Remodel
  • Description: Interior build-out remodel
  • Owner: Drew Dileo
02/25/2021 // 11931 JUSTICE AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New tenant in existing office space. Office for personal therapy.
  • Owner: Mr Gonzales
02/25/2021 // 1818 BROOKLAWN DR BATON ROUGE LA 70807
  • Type: Occupancy
  • Description: Rail car service company.
  • Owner: Andrew Shields
02/24/2021 // 7341 STE M JEFFERSON HWY BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: Office for consulting
  • Owner: Abigail R Hamilton
02/24/2021 // 10925 STE B PERKINS RD BATON ROUGE LA 70810
  • Type: Occupancy
  • Description: Existing waxing business.
  • Owner: Tom Besselman
02/24/2021 // 10444 MAMMOTH AVE BATON ROUGE LA 70814
  • Type: Occupancy
  • Description: New tenant in existing office/warehouse. Commercial use to fill industrial gases.
  • Owner: Michael Wilson
02/24/2021 // 10434 MAMMOTH AVE BATON ROUGE LA 70814
  • Type: Occupancy
  • Description: New tenant in existing office/warehouse. Commercial use to fill industrial gases.
  • Owner: Michael Wilson
02/24/2021 // 8201 VILLAGE PLAZA CT, STE 1C, BATON ROUGE, 70810 Baton ROuge LA
  • Type: Commercial: Remodel
  • Description: Renovation of suite C of 626 s.f. for artisan food products sales including wine and retail home goods. (Plans state no electrical, no structural, no mechanical.)
  • Owner: Robyn Parker
02/24/2021 // 937 N BON MARCHE DR BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: Warehouse for storage of building materials and company van.
  • Owner: Arthur G Fesmire
02/24/2021 // 11353 STE A5 GREENWELL SPRINGS RD BATON ROUGE LA 70814
  • Type: Occupancy
  • Description: Office for non-profit organization.
  • Owner: Redell Norman
02/24/2021 // 1818 BROOKLAWN DR BATON ROUGE LA 70807
  • Type: Occupancy
  • Description: Rail car service company.
  • Owner: Andrew Shields
02/24/2021 // 7414 PICARDY AVE BATON ROUGE LA 70808
  • Type: Occupancy
  • Description: Orthopedic clinic. Suites B and C.
  • Owner: Marie Cazes
02/24/2021 // 2444 DUMONT DR BATON ROUGE LA 70815
  • Type: Electrical
  • Description: Vacant building in negotiation to sell. Direct short on the main riser, electrical service must be rebuilt to Entergy standards before turning power back on.
  • Owner: Jackie Campion
02/24/2021 // 243 N ACADIAN THWY BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: Physical therapy clinic.
  • Owner: Kristen Bentley
02/23/2021 // 311 STE A E AIRPORT AVE BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: New tenant – Barbershop.
  • Owner: Matt Long
02/23/2021 // 3106 BALIS DR BATON ROUGE LA 70808
  • Type: Occupancy
  • Description: New tenant in existing office/warehouse for storage use.
  • Owner: Lenny Lemoine
02/23/2021 // 2957 ADDISON ST BATON ROUGE LA 70805
  • Type: Electrical
  • Description: Electrical Service due to Winter Storm
  • Owner: Dion K Sideboard
02/23/2021 // 9992 S CHOCTAW DR BATON ROUGE LA 70815
  • Type: Occupancy
  • Description: New tenant in existing office/warehouse. OFFICE AND STORAGE USE ONLY.
  • Owner: Keith Sharon
02/23/2021 // 9628 CUYHANGA PKWY BATON ROUGE LA 70815
  • Type: Electrical
  • Description: 1200 Emergency due to storm
  • Owner: Debbie Lowrance
02/23/2021 // 2584 VANDERBILT DR BATON ROUGE LA 70816
  • Type: Electrical
  • Description: Replaced meter can and weatherhead
  • Owner: Khalid Diab
02/23/2021 // 318 JENNIFER JEAN DR BATON ROUGE LA 70808
  • Type: Gas Test
  • Description: Gas Test
  • Owner: Tao Fang
02/23/2021 // 1111 S FOSTER DR BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: New tenant in existing office space. Admin office for contracting company.
  • Owner: Marcy Watkins
02/23/2021 // 11021 HONORE LN BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Light carpentry to make wood molds/forms. Then make decorative concrete/stone with the molds/forms.
  • Owner: Nicholas Higgins
02/23/2021 // 12131 STE B FLORIDA BLVD BATON ROUGE LA 70815
  • Type: Occupancy
  • Description: Braiding Salon
  • Owner: Nodia Hamilton
02/23/2021 // 5637 STE B3 SUPERIOR DR BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: New tenant in existing office space. Office for online retail.
  • Owner: Neal Patel
02/22/2021 // 10925 FLORIDA BLVD BATON ROUGE LA 70815
  • Type: Occupancy
  • Description: Non Profit religious/Church organization. Religious programs.
  • Owner: William Burt
02/22/2021 // 3145 COLLEGE DR STE E BATON ROUGE LA 70808
  • Type: Occupancy
  • Description: retail space/ accessories and phone
  • Owner: Lauren Castanedo
02/22/2021 // 9555 ANTIOCH RD BATON ROUGE LA 70817
  • Type: Occupancy
  • Description: Office for holdings company.
  • Owner: Russell Mosely
02/22/2021 // 11616 STE 2 INDUSTRIPLEX BLVD BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: Automotive Lighting Products Wholesaler
  • Owner: Rebecca Campbell
02/22/2021 // 11573 STE B CEDAR PARK AVE BATON ROUGE LA 70809
  • Type: Occupancy: Clean
  • Description: Clean and show for office/warehouse.
  • Owner: Manish Sthanki
02/22/2021 // 9555 ANTIOCH RD BATON ROUGE LA 70817
  • Type: Occupancy
  • Description: Office for holdings company.
  • Owner: Russell Mosely
02/22/2021 // 9555 ANTIOCH RD BATON ROUGE LA 70817
  • Type: Occupancy
  • Description: Office for holdings company.
  • Owner: Russell Mosely
02/22/2021 // 2564 N SHERWOOD FOREST DR BATON ROUGE LA 70815
  • Type: Commercial: Remodel
  • Description: (Expedited) replacing kitchen HOOD and adding a gas line to switch to gas kitchen equipment.
  • Owner: ryan saleh
Elifin Realty
marketing@elifinrealty.com
No Comments

Post A Comment