Halle Properties LLC Acquires Retail Property On Bluebonnet Boulevard For $2.7M
6551 Bluebonnet Boulevard
$2,700,000
$264/SF
Building Size
10,227 SF
Asset Type
Retail
Closing
Feb 12, 2022
AI
A retail property located at 6551 Bluebonnet Boulevard in Baton Rouge, LA, has been sold for $2,700,000. The property spans 10,227 square feet, resulting in a price per square foot of $264. The transaction took place between the buyer, Halle Properties LLC, and the seller, TF Baton Rouge LA Two LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 6551 Bluebonnet Boulevard, Baton Rouge, LA
- Market: Baton Rouge, LA
- Buyer: Halle Properties LLC
- Seller: TF Baton Rouge LA Two LLC
- Brokers: Kirsten Early & Stephanie Hilferty - SRSA Commercial Real Estate
- Square Feet: 10,227
- Price Per Square Foot: $264
Kirsten Early & Stephanie Hilferty from SRSA Commercial Real Estate represented both the buyer and seller in the transaction.
Players
Baton Rouge Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93