The Pulse NOLA: Westminster Tower senior living propery sells

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

Commercial Sales Recorded Last Week

2301 Idaho Ave, Kenner, LA 70062
2301 Idaho Ave, Kenner, LA 70062

Type: Multifamily
Price: $21,151,571 ($74,741 / Unit)
Buyer: WESTMINSTER TOWER LP
Elifin’s Notes: A Tennessee-based company purchases Westminster Tower, a 285-unit senior living apartment property on Idaho Avenue.

1570 Westbank Expy, Harvey, LA 70058
1570 Westbank Expy, Harvey, LA 70058

Type: Retail
Price: $1,336,250 ($641.81 / SF)
Buyer: NABUT BROTHERS LLC
Elifin’s Notes: Nabut Brothers LLC acquires the Circle K Store property on the Westbank Expressway.

519 Hagan Ave, New Orleans, LA 70119
519 Hagan Ave, New Orleans, LA 70119

Type: Retail
Price: $800,000 ($666.67 / SF)
Buyer: HAGAN VENTURES LLC
Elifin’s Notes: A local investor purchases a redevelopment site with a former auto repair shop sitting at the beginning of Bayou Saint John near Parkway Bakery & Tavern.

1900 Clearview Pkwy, Metairie, LA 70001
1900 Clearview Pkwy, Metairie, LA 70001

Type: Multifamily
Price: $799,000 ($133,167 / Unit)
Buyer: YALLA PROPERTIES LLC
Elifin’s Notes: Yalla Properties LLC acquires a 6-unit multifamily property on Clearview Parkway.

8422 Burthe St, New Orleans, LA 70118
8422 Burthe St, New Orleans, LA 70118

Type: Retail
Price: $760,000 ($143.78 / SF)
Buyer: 8422 BURTHE LLC
Elifin’s Notes: A cross-fit property changes ownership on Burthe Avenue.

820 Industry Rd, Kenner, LA 70062
820 Industry Rd, Kenner, LA 70062

Type: Industrial
Price: $705,000 ($79.93 / SF)
Buyer: CAP2 LLC
Elifin’s Notes: An industrial property changes hands near the Airport on Industry Road.

8518 Oak St, New Orleans, LA 70118
8518 Oak St, New Orleans, LA 70118

Type: Office
Price: $580,000 ($230.34 / SF)
Buyer: RHOADES JESSICA BARTUSH
Elifin’s Notes: An office property with off street parking changes ownership on Oak Street.

2800, 2804, 2808 Milan St, New Orleans, LA 70115
2800, 2804, 2808 Milan St, New Orleans, LA 70115

Type: Land
Price: $390,000 ($34.11 / Land SF)
Buyer: WISE WORK HAPPENING LLC
Elifin’s Notes: A former church property, now vacant land, sells at the corner of Milan and Clara Streets.

2401 Lafayette St, Gretna, LA 70053
2401 Lafayette St, Gretna, LA 70053

Type: Multifamily
Price: $360,000 ($72,000 / Unit)
Buyer: JIREH HOME INVESTMENT LLC
Elifin’s Notes: A 5-unit multifamily property sells in Gretna.

5131 St Claude Ave, New Orleans, LA 70117
5131 St Claude Ave, New Orleans, LA 70117

Type: Retail
Price: $275,000 ($92.41 / SF)
Buyer: FOOD LABORATORY LLC
Elifin’s Notes: The Food Laboratory LLC acquires a restaurant property with an upstairs apartment at the hard corner of Saint Claude Avenue and Lizardi Street.

8523 Oak St, New Orleans, LA 70118
8523 Oak St, New Orleans, LA 70118

Type: Retail
Price: $115,000 ($104.74 / SF)
Buyer: OUR KEY LOT LLC
Elifin’s Notes: A retail property with a retail space in the front and a residential unit configuration in the rear sells on Oak Street/


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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