The Pulse NOLA: Napoleon medical office building sells for 8.8mm

A weekly update on the commercial real estate landscape of New Orleans.

Commercial Sales Recorded Last Week

2633 Napoleon Ave, New Orleans, LA 70115
2633 Napoleon Ave, New Orleans, LA 70115

Type: Office
Price: $8,799,472 ($82.31 / SF)
Buyer: VPU NEW ORLEANS LLC
Elifin’s Notes: The Napoleon Medical Office Building sells across the street from Ochsner on Napoleon Avenue.

6201 Humphreys St, Harahan, LA 70123
6201 Humphreys St, Harahan, LA 70123

Type: Industrial
Price: $1,600,000 ($47.88 / SF)
Buyer: GALVANIZED RE LLC
Elifin’s Notes: An industrial property with office and warehouse space sells in Harahan.

3003, 3009 S Carrollton Ave, New Orleans, LA 70125
3003, 3009 S Carrollton Ave, New Orleans, LA 70125

Type: Office
Price: $850,000 ($177.16 / SF)
Buyer: JCB PROPERTY GROUP LLC
Elifin’s Notes: A commercial property with two levels, one of which is an unfinished Louisiana “basement” sells on South Carrollton Avenue near Earhart Boulevard.

2825 Amelia St, New Orleans, LA 70115
2825 Amelia St, New Orleans, LA 70115

Type: Multifamily
Price: $833,000 ($83,300 / Unit)
Buyer: JUNIPER TREE INVESTMENTS LLC
Elifin’s Notes: A 10-unit multifamily property trades in the Milan area near South Claiborne Avenue.

1800 Hastings Pl, New Orleans, LA 70130
1800 Hastings Pl, New Orleans, LA 70130

Type: Retail
Price: $700,000 ($170.77 / SF)
Buyer: BAR PROPERTIES LLC
Elifin’s Notes: This property is three-stories– the first level is a finished retail space, the second and third levels are both in a state of renovation.

576 E William David Pkwy, Metairie, LA 70005
576 E William David Pkwy, Metairie, LA 70005

Type: Retail
Price: $625,000 ($480.77 / SF)
Buyer: 576 EAST WILLIAM DAVID DRIVE LLC
Elifin’s Notes: Local businessman purchases the Regions Bank drive-thru location on East William David Parkway.

236 Hickory Ave, New Orleans, LA 70123
236 Hickory Ave, New Orleans, LA 70123

Type: Retail
Price: $490,000 ($95.98 / SF)
Buyer: K&SONS LLC
Elifin’s Notes: A retail property with both showroom and office space sells on Hickory Avenue in Harahan.

3017 S Carrollton Ave, New Orleans, LA 70118
3017 S Carrollton Ave, New Orleans, LA 70118

Type: Land
Price: $390,000 ($44.74 / Land SF)
Buyer: EARHART SQUARE GROUP LLC
Elifin’s Notes: Gretna-based investor purchases just over 0.2 acres of vacant land along South Carrollton Avenue near Earhart Boulevard.

Westwood Dr, Marrero, LA 70072
Westwood Dr, Marrero, LA 70072

Type: Land
Price: $150,000 ($0.15 / Land SF)
Buyer: SPEARS, MARK D JR
Elifin’s Notes: A vacant land on Westwood Drive, southeast of the Bayou Segnette State Park, was sold.


Commercial Permits Issued Last Week


Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $300,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty
marketing@elifinrealty.com
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