The Pulse NOLA: Pace Morby purchases 24-unit multifamily complex

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

Commercial Sales Recorded Last Week

4204-4221 Asher Ct, Kenner, LA 70065
4204-4221 Asher Ct, Kenner, LA 70065

Type: Multifamily
Price: $3,900,000 ($97,500 / Unit)
Buyer: ASHER COURT APARTMENTS LLC
Elifin’s Notes: Asher Court Apartments LLC acquires 10 fourplexes near Chateau Estates Elementary School in Kenner.

10022 I-10 Service Rd, New Orleans, LA 70127
10022 I-10 Service Rd, New Orleans, LA 70127

Type: Hospitality
Price: $3,700,000 ($29,600 / Unit)
Buyer: SHREE GANESHAY LLC
Elifin’s Notes: A Quality Inn sells off of I-10 in New Orleans East.

3223 3rd St, New Orleans, LA 70125
3223 3rd St, New Orleans, LA 70125

Type: Multifamily
Price: $2,800,000 ($116,667 / Unit)
Buyer: TPCG 3DST NOLA, LLC
Elifin’s Notes: An Arizona-based entity acquires a 24-unit multifamily property within the Hoffman Triangle area.

671 Whitney Ave, Gretna, LA 70056
671 Whitney Ave, Gretna, LA 70056

Type: Office
Price: $1,500,000 ($65.17 / SF)
Buyer: WHITNEY PARK LLC
Elifin’s Notes: A pair of office buildings siting on 9+ acres sell in Gretna.

247 Iris Ave, Jefferson, LA 70121
247 Iris Ave, Jefferson, LA 70121

Type: Industrial
Price: $1,200,000 ($74.18 / SF)
Buyer: BAYOU TREE SERVICE INC
Elifin’s Notes: Bayou Tree Service Inc., acquires an industrial property with two buildings between Jefferson Highway and River Road.

1010 Pailet Ave, Harvey, LA 70058
1010 Pailet Ave, Harvey, LA 70058

Type: Specialty
Price: $527,000 ($73.19 / SF)
Buyer: JEFFERSON PARISH COUNCIL
Elifin’s Notes: The Jefferson Parish Government acquires a church property on Pailet Avenue.

10533 Alan St, New Orleans, LA 70123
10533 Alan St, New Orleans, LA 70123

Type: Industrial
Price: $185,000 ($26.43 / SF)
Buyer: FRIEDRICHS WSA LLC
Elifin’s Notes: A warehouse tucked within a residential area sells in River Ridge.

16 W Hamlet St, Kenner, LA 70062
16 W Hamlet St, Kenner, LA 70062

Type: Industrial
Price: $165,000 ($110.00 / SF)
Buyer: 16 W HAMLET LLC
Elifin’s Notes: An industrial property with office and warehouse space sells near the Airport in Kenner.

3901 Williams Blvd (Unit 26), Kenner, LA 70065
3901 Williams Blvd (Unit 26), Kenner, LA 70065

Type: Retail
Price: $130,000 ($185.45 / SF)
Buyer: ALLIED SPECIALTY PROPERTIES LLC
Elifin’s Notes: A retail condo unit property changes ownership on Williams Boulevard.


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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