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6551 Bluebonnet Boulevard

Halle Properties LLC Acquires Retail Property On Bluebonnet Boulevard For $2.7M
SOLDRetail

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

Kirsten Early & Stephanie Hilferty from SRSA Commercial Real Estate represented both the buyer and seller in the transaction.

Players

Kirsten Early

SRSA Commercial Real Estate

Broker

$7.3M

vol

2 deals

Broker
HL
Halle Properties LLCBuyer

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