When Khushi Investments I developed the Holiday Inn on North Westport Drive off Interstate 10 and La. Highway 415 in West Baton Rouge Parish, they subdivided a 1.153-acre tract to sell separately. Denham Springs Fireworks purchased the site Thursday for $450,000, or about $9 per square foot. Ben Stalter with Maestri-Murrell Real Estate brokered the transaction. North Westport Drive runs parallel to I-10, and the property has excellent visibility. The site has over 230 feet of frontage on North Westport and has been cleared, with utilities installed. The new owner will construct a building that will serve as corporate offices and distribution. Denham Springs Fireworks has locations throughout South Louisiana and was looking for a site with interstate visibility.
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)
