Tom Cook: Office building sells

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An office building at 10425 Plaza Americana Drive in Baton Rouge has been sold. Plaza Americana runs parallel to Interstate 12 just east of Airline Highway. If that confuses you, the Cracker Barrel Old Country Store and Restaurant fronts on Plaza Americana. The 10,100-square-foot office building sold for a total price of $1.295 million. The seller was BRSC Properties and the purchaser was EJW Properties. The Baton Rouge School of Computers occupies the building. The sales transaction was a sale with lease-back. The Baton Rouge School of Computers will continue to occupy the building with no change in their operation. Sean Windell represented EJW Properties. His real estate broker in the transaction was Troy Daigle with Donnie Jarreau Real Estate Company. Joe Moore at ReMax First Commercial Real Estate represented the seller. According to Moore, market conditions prompted the owner to enter into a sale and lease-back situation.

(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)

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