Faris Lee Investments Brokers $8.2 Million Sale of Retail Property in Baton Rouge
Faris Lee Investments has successfully brokered the sale of a retail property located at 9679 Airline Highway in Baton Rouge, Louisiana for $8.2 million.
Faris Lee Investments, a prominent commercial real estate brokerage firm, has successfully facilitated the sale of a retail property in Baton Rouge, Louisiana for a total price of $8.2 million. The property, located at 9679 Airline Highway, offers a prime retail location with significant potential for future development.
The retail property, situated in Baton Rouge, Louisiana, spans an undisclosed square footage. The price per square foot (PPSF) has not been provided. The transaction, classified as a sale, took place on July 25, 2022.
Faris Lee Investments, a well-established agency in the commercial real estate industry, represented both the buyer and the seller in this transaction. The agency has a strong track record of successfully brokering deals and providing exceptional service to its clients.
The buyer and seller of the retail property have not been disclosed. However, the involvement of Faris Lee Investments indicates that both parties are likely experienced investors or developers in the commercial real estate market.
The retail property at 9679 Airline Highway is an attractive investment opportunity due to its prime location in Baton Rouge. The city is the capital of Louisiana and a major economic hub in the region. With a population of over 220,000, Baton Rouge offers a strong consumer base and a thriving retail market.
The property’s location on Airline Highway further enhances its appeal. Airline Highway is a major thoroughfare in Baton Rouge, known for its high traffic volume and commercial activity. The retail property benefits from excellent visibility and accessibility, making it an ideal location for retail businesses.
The retail property’s potential for future development adds further value to the investment. Baton Rouge is experiencing significant growth and development, with numerous projects underway in various sectors. The retail property at 9679 Airline Highway presents an opportunity for the buyer to capitalize on this growth and maximize the property’s potential.
Overall, the sale of the retail property at 9679 Airline Highway in Baton Rouge for $8.2 million represents a significant transaction in the commercial real estate market. The involvement of Faris Lee Investments, a reputable brokerage firm, highlights the property’s appeal and potential. As Baton Rouge continues to grow and thrive, the buyer of this retail property stands to benefit from its prime location and future development opportunities.