The Pulse NOLA: Texas company acquires shopping center for 11.5mm

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

Commercial Sales Recorded Last Week

7801 Airline Dr, Metairie, LA 70003
7801 Airline Dr, Metairie, LA 70003

Type: Retail
Price: $11,550,000 ($110.01 / SF)
Buyer: CASH AMERICA INC OF LOUISIANA
Elifin’s Notes: A Texas-based company acquires a shopping center property on Airline Drive.

5400 Jefferson Hwy, Harahan, LA 70123
5400 Jefferson Hwy, Harahan, LA 70123

Type: Industrial
Price: $4,750,000 ($86.63 / SF)
Buyer: LAPEYRE PROPERTIES LLC
Elifin’s Notes: A former furniture store with showroom and warehouse space sells in Elmwood.

Lot G-3-B-1 Segnette Blvd, Westwego, LA 70094
Lot G-3-B-1 Segnette Blvd, Westwego, LA 70094

Type: Land
Price: $1,700,000 ($10.55 / Land SF)
Buyer: RACETRAC INC
Elifin’s Notes: RaceTrac, a national gas station chain, purchases 3.6+ acres of land at the corner of the Westbank Expressway and Segnette Boulevard.

1510 N Causeway Blvd, Metairie, LA 70001
1510 N Causeway Blvd, Metairie, LA 70001

Type: Retail
Price: $1,100,000 ($146.67 / SF)
Buyer: TRUONG, MICHAEL T
Elifin’s Notes: A retail property with a drive-in and drive-out configuration sells.

2201 Veterans Memorial Blvd, Kenner, LA 70062
2201 Veterans Memorial Blvd, Kenner, LA 70062

Type: Retail
Price: $1,025,000 ($238.98 / SF)
Buyer: SR KENNER SAVVY LLC
Elifin’s Notes: A QSR retail property changes ownership on Veterans Memorial Boulevard in Kenner.

2711 Piedmont St, Kenner, LA 70062
2711 Piedmont St, Kenner, LA 70062

Type: Industrial
Price: $600,000 ($100.00 / SF)
Buyer: WHITTEN REAL ESTATE LLC
Elifin’s Notes: An industrial property changes hands on Piedmont Street.

Lot 31A Independence St, Metairie, LA 70006
Lot 31A Independence St, Metairie, LA 70006

Type: Land
Price: $235,000 ($9.95 / Land SF)
Buyer: MFC HOLDINGS LLC
Elifin’s Notes: A 0.5+ acre parcel of land sells on Independence Street.

5404 4th St, Marrero, LA 70072
5404 4th St, Marrero, LA 70072

Type: Retail
Price: $232,500 ($38.11 / SF)
Buyer: 5404 4TH STREET LLC
Elifin’s Notes: This commercial property was previously used as a dry cleaners and ice cream shop.

10555 Lake Forest Blvd (Unit 1J), New Orleans, LA 70127
10555 Lake Forest Blvd (Unit 1J), New Orleans, LA 70127

Type: Office
Price: Withheld
Buyer: THOMAS CONSULTING GROUP LLC
Elifin’s Notes: An office condo property changes hands within the Deer Park Office Condominiums.

5813 Plauche St, New Orleans, LA 70123
5813 Plauche St, New Orleans, LA 70123

Type: Industrial
Price: Withheld
Buyer: TAKE PAWS RESCUE
Elifin’s Notes: A pet adoption and animal rescue organization purchases an industrial property within the Plauche Industrial Park in Elmwood.


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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