A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1229 St Thomas St, New Orleans, LA 70130 Type: Office Price: $1,600,000 ($245.14 / SF) Buyer: ROYAL JUG & GUN CLUB LLC Elifin's Notes: A newly renovated office property sells on Saint Thomas Street. 312 St Charles Ave, New Orleans, LA 70130 Type: Mixed-Use Price: $1,100,000 ($144.74 / SF) Buyer: 314 ST CHARLES...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 8585 Summa Ave, Baton Rouge, LA 70816 Type: Healthcare Price: $10,000,000 ($572.67 / SF) Buyer: Holly Court Propco LLC Elifin's Notes: The Holly Court assisted living facility sells to a Miami-based company. 37091 E Hwy 30, Geismar, LA 70734 Type: Land Price: $6,375,000 ($4.83 / Land SF)...
ELIFIN®’s Fabian Edwards, turned the office located at 5420 Corporate Blvd into a case study in value creation through strategic repositioning and owner occupancy. Challenge The property at 5420 Corporate Blvd is a 30,663 square foot office building located in a highly desirable submarket, yet it faced a difficult situation. Despite its strong location, the property was only 45% occupied and had...
Noah Loveland of ELIFIN®, specializing in Retail Sales & Leasing, represented the seller in the successful transaction at 2328 Metairie Rd. Challenge The sale presented a unique regulatory challenge. While the ±16,726 square foot, Class A mixed-use property was well located in the heart of Old Metairie, the buyer’s intended use, a 24-hour emergency and specialty veterinary hospital, was not permitted under...
A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 701 E Pine St, Ponchatoula, LA 70454 Type: Retail Price: $800,000 ($444.44 / SF) Buyer: HARMAN ENTERPRISES LLC Elifin's Notes: A convenience store/gas station sells in Ponchatoula along East Pine Street. 18574 Hwy 22, Ponchatoula, LA 70454 Type: Land Price: Withheld Buyer: ANAMAR PROPERTIES LLC Elifin's Notes: A 2+ acre tract of land sells...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1013 S Hugh Wallis Rd, Lafayette, LA 70508 Type: Land Price: $575,000 ($4.00 / Land SF) Buyer: GSL HOMES LLC Elifin's Notes: This 3+ acre parcel of land, according to the plat map, is divided into 2 commercial and 8 residential lots. 417 W Main St, Broussard, LA 70518 Type: Retail Price: $430,000...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3701 Hwy 90, Avondale, LA 70094 Type: Self-Storage Price: $5,100,000 ($35,915 / Unit) Buyer: 3701 US 90 PROPERTY OWNER LLC Elifin's Notes: A self-storage property changes hands adjacent to Snow Hilton Park on Highway 90 in Avondale. 247 W Harrison Ave, New Orleans, LA 70124 Type: Retail Price: $1,450,000 ($327.31 / SF) Buyer:...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 17363 Vallee Ct, Prairieville, LA 70769 Type: Industrial Price: $465,000 ($66.43 / SF) Buyer: Intense Volleyball L3C Elifin's Notes: An industrial property with a pair of connected metal warehouses sells on Vallee Court. 41063 Don Lou Dr, Gonzales, LA 70737 Type: Industrial Price: $430,000 ($86.00 / SF) Buyer: Owens, Casey John Elifin's...
ELIFIN®’s Adrien Foley and Brady Becker, represented both parties on the sale of the auto repair property at 2118 Kenner Ave in Kenner, LA. Challenge This transaction involved a net lease sale with multiple sophisticated parties. The tenant, Gerber, is a national credit tenant, and the buyer, Agree Realty, is a publicly traded REIT. As a result, the deal required navigating...
The 5,400 square foot retail property located at 3212 W Esplanade Ave N sold to Fleurty Girl owner for $1.25 million. Adrien Foley and Brady Becker of ELIFIN® represented the seller in this transaction. Challenge Brady and Adrien were tasked with selling the former Quality Seeds location. After successfully finding a buyer, during the due diligence phase, inspection findings led the buyer...
No obligation. Takes under two minutes.