The Pulse

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1804 Magazine St, 1805 Hastings Place Type: Retail Price: $825,000 ($418 / SF) Buyer: HEARTBREAK BEAT LLC Elifin's Notes: Local investment group acquires two-story building with 1,973 sq ft of retail space along Magazine Street in the Lower Garden District area 744 Camp St Type: Retail Price: $300,000 ($55 / SF) Buyer: AMERICAN...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10245 Airline Highway Type: Multifamily Price: $30,000,000 ($238,095 / Unit) Buyer: LTL Royal Palms-Baton Rouge DST Elifin's Notes: The Royal Palms apartments off Airline Hwy near the I-12 intersection sells to California-bases LTL Investments, a vertically integrated multifamily investment and management firm. 505 E Airport Ave Type: Office Price: $5,904,000 ($455 /...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11528 Old Hammond Highway Type: Multifamily Price: $11,300,000 ($60,753 / Unit) Buyer: TV Eden Point LLC Elifin's Notes: Eden Point Apartments, a 186 unit complex on Old Hammond Hwy, sells to California-based investors. 7414 Sumrall Dr Type: Healthcare Price: $2,227,500 ($58 / SF) Buyer: GBT Properties LLC Elifin's Notes: Former assisted living facility on...

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4041 Magazine St Type: Retail Price: $2,200,000 ($1,348 / SF) Buyer: 4041 MAGAZINE OWNER LLC Elifin's Notes: Investors acquire 1,632 sq ft restaurant space sitting on a 0.19 acre lot in the Uptown area 1732 Saint Charles Ave Type: Retail Price: $1,600,000 ($395 / SF) Buyer: IF I ONLY HAD A KEG LLC Elifin's...

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 5600 Magazine St Type: Retail Price: $31,418,000 ($1,037 / SF) Buyer: DK WFNO LLC Elifin's Notes: New York based group acquires the Whole Foods Market, made up of 30,300 sq ft of retail space sitting on 1.65 acres of land, along Magazine Street in the Uptown area near Audubon...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7031 Commerce Cir Type: Office Price: $12,000,000 ($442 / SF) Buyer: Louisiana Paradigm LLC Elifin's Notes: Republic Finance building in Towne Center sells to local investor in a lease-back agreement. 6588 Siegen Lane Type: Retail Price: $4,953,593 ($1,598 / SF) Buyer: Raising Cane's Restaurants LLC Elifin's Notes: Raising Cane's purchases the restaurant's Siegen Lane...

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 715 Opelousas Ave Type: Specialty Price: $25,497,582 ($212 / SF) Buyer: LOVING SCHOOL FACILITY L L C Elifin's Notes: Non-profit acquires the Martin Behrman schoolhouse property with approximately 120,000 sq ft of space sitting on a 1.9 acre lot in the Algiers Point area 3869-3871 Gentilly Blvd Type: Mixed-Use Price: $1,400,000 ($700,000...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 855 South Flannery Road Type: Multifamily Price: $7,320,000 ($61,000 / Unit) Buyer: Acadian Place 2022 LLC Elifin's Notes: Balitmore-based investor purchases the Acadian Place Apartments, a 120 unit complex on S Flannery Rd near Goodwood Blvd. 8012 Bayou Fountain Ave Type: Portfolio Price: $6,700,000 ($93,056 / Unit) Buyer: Signal SFR LLC Elifin's Notes: Flock...

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2022-2024, 2026, 2030-2032 Baronne St Type: Multifamily Price: $2,275,000 ($175,000 / Unit) Buyer: VERSAI INVESTMENT GROUP LLC Elifin's Notes: Local investment group acquires a 13-unit three building apartment compound, consisting of floorplans with 2BR/2BA, 2BR/1.5BA, 2BR/1BA, and 1BR/1BA, with gated entry and parking and pool on Baronne St in...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 263 Eddie Robinson Sr Dr Type: Retail Price: $1,300,000 ($181 / SF) Buyer: Ross Gold LLC Elifin's Notes: Desselle Funeral Home owners purchase their facility in downtown Baton Rouge. 10811 Burbank Dr Type: Land Price: $731,803 ($14.00 / Land SF) Buyer: Ngo and Fresina Properties LLC Elifin's Notes: Commercially zoned lot sells on Burbank...