The Pulse NOLA: Office and parking lot sold in CBD

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

Commercial Sales Recorded Last Week

844 Baronne St
844 Baronne St

Type: Office
Price: $1,450,000 ($194.63 / SF)
Buyer: 2712 ATHANIA LLC
Elifin’s Notes: An office building with adjacent parking lot sells in the CBD area

850 Sams Ave
850 Sams Ave

Type: Industrial
Price: $1,250,000 ($93.31 / SF)
Buyer: MICHLER INVESTMENTS LLC
Elifin’s Notes: An industrial property sells in the Lafreniere Plantation area

1501 Newton St
1501 Newton St

Type: Multifamily
Price: $700,000 ($77,778 / Unit)
Buyer: NEWTON GRETNA LLC
Elifin’s Notes: Local investors purchase a four building multifamily portfolio, consisting of three duplexes and one triplex, totaling 9 units, in the Vicknair Addition area of Gretna

3920 Saint Bernard Ave
3920 Saint Bernard Ave

Type: Land
Price: $125,000 ($8.72 / Land SF)
Buyer: THANATOS LLC
Elifin’s Notes: An 0.32+ acre parcel of vacant commercial land sells in the Filmore area

3909 Bienville St
3909 Bienville St

Type: Retail
Price: Withheld
Buyer: FRIENDLY PENNY LLC
Elifin’s Notes: Local real estate management firm purchases a retail/office building containing several units in the City Park 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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