Oliver Property Investments, which owns Baton Rouge Powder Coatings, a metal coating-application company, which serves residential, commercial and industrial customers, purchased an office warehouse on Wooddale Boulevard for an expansion. They were located on South Choctaw Drive, but needed more space. Scot Guidry with Sealy & Falgoust Real Estate Company brokered the transaction. The 1.72-acre site was improved with two separate structures, a detached 2,066-square-foot office building and a metal office warehouse building containing 7,200 square feet. The sale took place last week for $292,500. This calculates to about $31.60 per square foot. According to Guidry, this was an excellent buy when you consider the fact the site has 1.72 acres that was stabilized and concrete paved.
— An apartment complex located near the corner of La. Highways 42 and 44 in Prairieville has sold. Laura Dupree at Dupree Terrell & Company brokered the 8-unit complex. The sale took place last week for $565,000. The complex consists of 3-bedroom, 2-bath units that were built about 8 years ago. At $565,000, the price calculates to about $71,800 per unit. According to Dupree, the property was listed for $625,000 and sold within 30 days after receiving several offers for $565,000. The seller was James Rawlins, and the purchaser was KHC Properties, represented by Jill Savoy. The agent for KHC Properties was Anna Belle Lee at ReMax First of Ascension.
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)
