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 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 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 New Orleans. Commercial Sales Recorded Last Week 6200 Saint Charles Ave Type: Specialty Price: $1,750,000 ($126 / SF) Buyer: 6200 ST CHARLES LLC Elifin's Notes: Local investors acquire a two-story 13,836 sq ft historic church on St. Charles Avenue, a block off of Audubon Park 3133 Ponce De Leon St Type: Retail Price: $870,590 ($445 / SF) Buyer: MOOSE AND...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 819 Saint Peter St Type: Multifamily Price: $1,169,000 ($194,833 / Unit) Buyer: PIVOT EVENTS LLC Elifin's Notes: At the center of the French Quarter, Gretna based group purchases a 6-unit multifamily property, consisting of five studio units and one 1BR/1BA unit 8080 Crowder Blvd Type: Office Price: $465,000 ($90 / SF) Buyer: EXPERT...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3221 Behrman Pl Type: Office Price: $1,200,000 ($80,000 / Unit) Buyer: LEGACY COMMERCIAL VENTURES LLC Elifin's Notes: Local investors purchase Algiers office complex with 15 units, totalling 19,560 sq ft 1436 Dante Street Type: Multifamily Price: $960,000 ($192,000 / Unit) Buyer: RJL HOLDINGS LLC Elifin's Notes: Alabama based group purchases 5-unit, three 2BR/1BA and...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4021 Cadillac St, 3428501 Buchanan St Type: Healthcare Price: $11,000,000 ($215 / SF) Buyer: ST BERNARD NURSING & REHAB PROPCO LLC Elifin's Notes: Baton Rouge group purchases 51,264 sq ft nursing home facility next to City Park 2739 Tchoupitoulas St Type: Retail Price: $2,225,000 ($365 / SF) Buyer: DALTON SCARLETT BROOKS,...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1532 Allen Toussaint Blvd Type: Office Price: $35,250,000 ($606 / SF) Buyer: PARADISE CAY APARTMENTS LLC Elifin's Notes: A Florida based firm acquires the over 58,000 sq ft Oschner Health Center in the Filmore area 1315 Southlawn Blvd Type: Multifamily Price: $6,500,000 ($52,000 / Unit) Buyer: SLIDELL RENTALS I LLC Elifin's Notes: Sprawling 125-unit...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1540 Canal St; 1565 Cleveland Ave Type: Mixed-Use Price: $13,150,000 ($1,730 / SF) Buyer: ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND Elifin's Notes: At the center of development in the Storyville area along Canal Street, Tulane extends their footprint toward the river by purchasing a full block totalling 1.89 acres,...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1629 Washington Ave Type: Multifamily Price: $2,400,000 ($96,000 / Unit) Buyer: 1629 Washington Elifin's Notes: Washington Avenue 25-unit complex, a block off of St. Charles Avenue, sells to local investor. 1427-1429; 1435-1437 N Derbigny St Type: Multifamily Price: $1,500,000 ($187,500 / Unit) Buyer: T&N INVESTMENTS LLC Elifin's Notes: Two four-plexes in the Trem é...