The Pulse NOLA: Former Our Lady of Lourdes Sanctuary sold

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

Commercial Sales Recorded Last Week

2400 Napoleon Ave
2400 Napoleon Ave

Type: Retail
Price: $1,250,000 ($105 / SF)
Buyer: 2400 NAPOLEON AVENUE LLC
Elifin’s Notes: Local investors purchase the historic former Our Lady of Lourdes Catholic Church Sanctuary, consisting of 11,889 sq ft of space in the Freret area

4432 Conlin St
4432 Conlin St

Type: Office
Price: $1,057,479 ($176,247 / Unit)
Buyer: 4432 CONLIN LLC
Elifin’s Notes: Local investors purchase the six-unit medical office building in the Pontchartrain Shores area

3450 Magazine St
3450 Magazine St

Type: Retail
Price: $825,000 ($458 / SF)
Buyer: PRACTIS STUDIO LLC
Elifin’s Notes: Local investors purchase a 1,800 sq ft retail space in the East Riverside area

1328 St Bernard Ave
1328 St Bernard Ave

Type: Retail
Price: $545,000 ($216 / SF)
Buyer: TARA CAPITAL LLC
Elifin’s Notes: Local investor purchases a 2,520 sq ft restaurant retail space in the Seventh Ward area

6387-6391 Jefferson Hwy, Harahan, LA 70123
6387-6391 Jefferson Hwy, Harahan, LA 70123

Type: Mixed-Use
Price: $310,000 ($101 / SF)
Buyer: MELCHER HOLDINGS LLC
Elifin’s Notes: Local investor purchases a property along Jefferson Highway with two buildings, 2152 sq ft retail space and a 913 sq ft office space, in the Harahan area

125 E Airline Hwy
125 E Airline Hwy

Type: Industrial
Price: Withheld
Buyer: WAUKESHA PEARCE INDUSTRIES LLC
Elifin’s Notes: Houston-based organization purchases a 17,162 sq ft, two building, industrial property in the Oakland Plantation area

500 Jefferson Hwy
500 Jefferson Hwy

Type: Industrial
Price: Withheld
Buyer: 500 JEFFERSON LLC
Elifin’s Notes: Local investor purchases a 46,500 sq ft industrial property utilized as a warehouse space in the Ludger Fortier Plantation area


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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