The Pulse NOLA: Magazine Street retail building sells for 1mm

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

Commercial Sales Recorded Last Week

4011 Magazine St
4011 Magazine St

Type: Retail
Price: $1,000,000 ($513 / SF)
Buyer: FORTY ELEVEN LLC
Elifin’s Notes: Local purchasers acquire a two-story retail building in the Touro area along Magazine Street

819, 821, 823 N Broad St
819, 821, 823 N Broad St

Type: Retail
Price: $750,000 ($135 / SF)
Buyer: BROAD VENTURES LLC
Elifin’s Notes: Local investment group purchases a retail property in the Bayou St. John area

2404-2436 Lapalco Blvd
2404-2436 Lapalco Blvd

Type: Retail
Price: $600,000 ($147 / SF)
Buyer: 2404 LAPALCO INVESTMENTS LLC
Elifin’s Notes: Hamdan Sons Investments purchase a former Midas Auto Repair property in Destrehan area of Harvey

2628-2630 Lexington Ave
2628-2630 Lexington Ave

Type: Industrial
Price: $550,000 ($50 / SF)
Buyer: J&J LANDSCAPE HOLDINGS LLC
Elifin’s Notes: J&J Landscape Holdings acquire a two-story, two-unit, industrial office-warehouse property in the Bainbridge Office & Industrial Park area of Kenner

1121-1123 Antonine St
1121-1123 Antonine St

Type: Multifamily
Price: $525,000 ($65,625 / Unit)
Buyer: ENSSLEN GREGORY C
Elifin’s Notes: Local investor purchases an 8-unit multi-family property in the Touro area

520 Transcontinental Dr
520 Transcontinental Dr

Type: Office
Price: $410,000 ($112 / SF)
Buyer: SARA GRACE PROPERTIES LLC
Elifin’s Notes: Local investors purchase a multi-unit office property in the Bridgedale area

2669 Lexington Ave
2669 Lexington Ave

Type: Industrial
Price: $212,766 ($39 / SF)
Buyer: G&V INVESTMENTS LLC
Elifin’s Notes: Local investors purchase an industrial property, with configurations capable of supporting both office and warehouse layout options, in the Kenner Project Industrial area near the MSY Airport.

1119-1121 Fried St
1119-1121 Fried St

Type: Industrial
Price: Withheld
Buyer: VALLEJOS LLC
Elifin’s Notes: Madisonville-based investor purchases two adjacent parcels of land with two buildings, one warehouse and one ancillary building, in the Village of Brooklyn area of Gretna.

159-161 Millaudon St; 7436-7438; 7440-7444 Pitt Street
159-161 Millaudon St; 7436-7438; 7440-7444 Pitt Street

Type: Multifamily
Price: Withheld
Buyer: BLUEROCK 7436 PITT LLC
Elifin’s Notes: Investors purchase an approximately six-unit, across three adjacent buildings, multi-family property in the Black Pearl 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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