Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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Chris Maling
Principal – License #01025809
213.618.3824
chris.maling@avisonyoung.com
Gregg Cordaro
Managing Director – License #99568533
225.922.4587
gregg.cordaro@berkadia.com
David Maling
Principal – License #01139115
213.618.3825
david.maling@avisonyoung.com
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Located only 1.5 miles from Louisiana State University
Offers a diverse range of unit types to accommodate various residents
Features multiple on-site amenities such as a gym, pool, and sand volleyball courts
Provides ample parking space
Close to various national credit tenants, as well as local restaurants and bars
Investment Highlights
Ideal opportunity for redevelopment and investment:
Baton Rouge, Louisiana, known as "the Red Stick City," is a vibrant and culturally rich city. It is home to the state's capital, Louisiana State University, and Cajun and Creole traditions. Situated in Southeast Louisiana, it is the fifth largest city on the Mississippi River and the largest parish in the state. With its strategic location at the mouth of the Mississippi River, Baton Rouge plays a crucial role in the nation's logistics and energy networks. The city also offers a thriving arts scene, a diverse food culture, and hosts unique festivals throughout the year.
Baton Rouge has a lower cost of living compared to the national average, with housing costs up to 20% lower than neighboring southern cities. Downtown Baton Rouge has been revitalized and offers live music, museums, art galleries, and a walkable and bikeable Mississippi River Levee Path. The parish is also proud to have one of the best library systems in America and over 180 parks for residents to enjoy.
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Tiger Plaza and Stadium Square, two multifamily properties in Baton Rouge, Louisiana, are being offered for sale in their current condition. Both properties are in major disrepair and require extensive renovations. However, they present a great investment and development opportunity, especially for creating attractive housing for university students and staff. The residences are conveniently located just 1.5 miles from Louisiana State University and offer amenities such as a gym, basketball courts, sand volleyball courts, and a pool. Additionally, there are popular national credit tenants and local restaurants and bars within a 1.5-mile radius. This unique offering combines a strategic location with the potential for transformative renovations, making it an appealing proposition for investors looking to cater to the housing needs of the university community.
Executive Summary
Baton Rouge Portfolio:
Receivership Sale
4445 Alvin Dark Avenue, Baton Rouge, LA 70820
4759 Earl Gros Avenue, Baton Rouge, LA 70820
74 Units/Built 1975
296 Units/Built 1975
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Louisiana State University has eight campuses in Louisiana, including the main campus in Baton Rouge. Other campuses include LSU of Alexandria and LSU-Shreveport (four-year institutions), LSU-Eunice (a two-year college), health science centers in Shreveport and New Orleans, and two research centers: the LSU Agricultural Center and the Pennington Biomedical Research Center. LSU has a large presence in Louisiana, with nearly 60,000 students and over 23,000 employees. The university's operations have a significant economic impact on the state, both in the short-term and long-term, by driving economic growth and contributing to the development of human capital. LSU’s Flagship Campus in Baton Rouge: FY 2021-2022 operations supported an estimated economic output of over $2.7 billion, $970 million in earnings, and 24,450 jobs.
During the fiscal year 2021-2022, the LSU Flagship Campus in Baton Rouge employed around 11,500 individuals. The campus, along with its affiliated services, had a significant impact on the Louisiana economy, supporting over $2.2 billion in direct and indirect economic output, approximately $774 million in earnings, and an estimated 19,042 jobs across the state. This makes LSU Baton Rouge one of the major contributors to the Louisiana economy.
According to the 2024 Best Colleges in the U.S. survey conducted by The Wall Street Journal in collaboration with College Pulse and Statista, LSU has been ranked as the top higher education institution in Louisiana, surpassing both public and private universities.
Louisiana State University
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TIGER PLAZA 1
TIGER PLAZA 2
STADIUM SQUARE
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