Tiger Pointe Owner LLC & RG Investments Acquire Multifamily Property In Baton Rouge For $11.6M

The multifamily property located at 3964 Gourrier Ave in Baton Rouge has been sold for $11,600,000. The transaction took place on March 31, 2020. The property spans a total area of 208,652 square feet, with a price per square foot of $55. It consists of 150 units, resulting in a price per unit of $77,333. The buyer of the property is Tiger Pointe Owner LLC, represented by CLK Properties and @RGInvestments. The seller is Embassy Apartments LLC. The deal was facilitated by Gregg Cordaro from Berkadia.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,600,000
• Market: Baton Rouge
• Address: 3964 Gourrier Ave
• Square Footage: 208,652
• Price per Square Foot: $55
• Units: 150
• Price per Unit: $77,333

Tiger Pointe Owner LLC, in conjunction with CLK Properties and @RGInvestments, acquired this multifamily property. The seller, Embassy Apartments LLC, successfully closed the deal. Gregg Cordaro from Berkadia served as the broker in this transaction.