The Pulse NOLA: Three Shell gas stations sell to a Texas-based investor

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

Commercial Sales Recorded Last Week

3206 Williams Blvd
3206 Williams Blvd

Type: Retail
Price: $1,600,000 ($888.89 / SF)
Buyer: KMHSHELL LLC
Elifin’s Notes: In one of three acquisitions, Luling, Texas based investors purchase the Shell gas station/convenience store along Williams Boulevard in the Highway Park area

900 Clearview Pkwy
900 Clearview Pkwy

Type: Retail
Price: $1,600,000 ($666.67 / SF)
Buyer: KMHSHELL LLC
Elifin’s Notes: In one of three acquisitions, Luling, Texas based investors purchase the Shell gas station/convenience store along Clearview Parkway in the Bridgedale area

3124 David Dr
3124 David Dr

Type: Land
Price: $950,000 ($38.97 / Land SF)
Buyer: BARAKAH 1110 LLC
Elifin’s Notes: Local investor purchases a vacant commercial 0.55+ acre parcel of land in the Leila Place area

1700 Hickory Ave
1700 Hickory Ave

Type: Retail
Price: $800,000 ($888.89 / SF)
Buyer: KMHSHELL LLC
Elifin’s Notes: In one of three acquisitions, Luling, Texas based investors purchase the Shell gas station/convenience store along Hickory Avenue in the Hickory Haven area

3330 St Claude Ave
3330 St Claude Ave

Type: Retail
Price: $742,000 ($61.83 / SF)
Buyer: PELULLO FRANCESCHI ASSOCIATES LLC
Elifin’s Notes: Local investors purchase a retail property in the Bywater

1417 Edwards Ave
1417 Edwards Ave

Type: Industrial
Price: $695,600 ($61.85 / SF)
Buyer: HOPMAR LLC
Elifin’s Notes: Local investors purchase an industrial property within the Elmwood Industrial Park

7538 Maple St
7538 Maple St

Type: Retail
Price: $672,400 ($159.15 / SF)
Buyer: MAPLE MINT I LLC
Elifin’s Notes: A local group of investors purchase the Bruno’s Tavern property in the Audubon area

2101 Carol Sue Ave
2101 Carol Sue Ave

Type: Multifamily
Price: $495,000 ($61,875 / Unit)
Buyer: AFFORDABLE HOUSING OF NOLA LLC
Elifin’s Notes: Affordable Housing of NOLA LLC purchases two quadraplexes, totaling 8-units in Gretna

8200 Chef Menteur Hwy
8200 Chef Menteur Hwy

Type: Industrial
Price: $450,000 ($17.62 / SF)
Buyer: 8200 CHEF MENTEUR LLC
Elifin’s Notes: Local investors purchase a 3.4 acre industrial property with two improvements in differing states of repair along Chef Menteur Boulevard in the Viavant/Venetian Isles area

1019 N Broad St
1019 N Broad St

Type: Retail
Price: $425,000 ($120.74 / SF)
Buyer: HVAR LLC
Elifin’s Notes: Local investors purchase a retail property within the Tremé area

708 Phosphor Ave
708 Phosphor Ave

Type: Office
Price: $400,000 ($156.92 / SF)
Buyer: James C Parrie
Elifin’s Notes: Local investor purchases a two building office with storage space in the Bonnabel Place area

2300 Brooklyn Ave
2300 Brooklyn Ave

Type: Office
Price: $350,000 ($66.23 / SF)
Buyer: ERIC GUILLORYS REAL ESTATE INC
Elifin’s Notes: Local investor purchases an office property in the South New Orleans area

9290 Morrison Rd
9290 Morrison Rd

Type: Retail
Price: $325,000 ($27.38 / SF)
Buyer: SMOTHERS LEKENJA MARIE
Elifin’s Notes: Local investor purchases a day care center in the Little Woods area

218 Pelican Ave
218 Pelican Ave

Type: Land
Price: $277,000 ($33.82 / Land SF)
Buyer: FIELDS EUGENE JOSEPH JR
Elifin’s Notes: Local investor purchases a 0.18+ acre parcel of vacant commercial land in the Algiers Point area

1211 Truxton St
1211 Truxton St

Type: Industrial
Price: $150,000 ($61.30 / SF)
Buyer: Templet, Christine D; Templet, Ricky J
Elifin’s Notes: Local investors purchase a warehouse property in the Suburban Park area

2821 Kingman St, Stes C, D, Metairie, LA 70006
2821 Kingman St

Type: Office
Price: $129,220 ($74.91 / SF)
Buyer: PUMILA BROTHERS LLC
Elifin’s Notes: Pumila Brothers LLC purchase two office units within an office condominium building in Metairie

2600 Airline Dr
2600 Airline Dr

Type: Retail
Price: Withheld
Buyer: NI 3801 LLC
Elifin’s Notes: Local business owner purchases a retail strip center property in the Labarre Plantation area

535 S Clark St
535 S Clark St

Type: Industrial
Price: Withheld
Buyer: CLARK STREET COMMISSARY LLC
Elifin’s Notes: A light industrial property, utilized as a food processing facility, sells in the Mid-City area

1523 Terpsichore St
1523 Terpsichore St

Type: Land
Price: Withheld
Buyer: TERPSICHORE RISING II INVESTMENTS LLC
Elifin’s Notes: After purchasing three hotels last week, this entity purchases a parking lot property for their Lower Garden District hotels.


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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