The Pulse NOLA: 124 Acres in Bridge City sold

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

Commercial Sales Recorded Last Week

500 Seven Oaks Blvd
500 Seven Oaks Blvd

Type: Mixed-Use
Price: $3,000,000 ($152.28 / SF)
Buyer: SEVEN OAKS INVESTMENTS LLC
Elifin’s Notes: Eddie Hamdan-led entity purchases a total of 124+ acres with a industrial building and facility on 10 acres of the site in the Bridgeview Park area of Bridge City

1621 L and A Rd
1621 L and A Rd

Type: Retail
Price: $1,400,000 ($143.13 / SF)
Buyer: PREMIER REAL ESTATE INVESTMENTS LLC
Elifin’s Notes: Local business owner purchases a property, utilized as an automotive collision center, in the Labarre Business Park area

1039 Reverend Richard Wilson Dr
1039 Reverend Richard Wilson Dr

Type: Multifamily
Price: $1,355,000 ($30,111 / Unit)
Buyer: RIVERVIEW APARTMENTS OF KENNER LLC
Elifin’s Notes: Local businessman and investor purchases the Riverview Apartment complex in the Old Kenner area as a part of bankruptcy proceedings.

1721 Saint Andrew St
1721 Saint Andrew St

Type: Land
Price: $1,250,000 ($50.14 / Land SF)
Buyer: WELLS ONE INVESTMENTS LLC
Elifin’s Notes: Metairie-based investor purchases .57 acres of land over three parcels on the border of the Lower Garden District and Central City areas

2316 Washington Ave
2316 Washington Ave

Type: Multifamily
Price: $990,000 ($39,600 / Unit)
Buyer: CENTRAL HOLDING LLC
Elifin’s Notes: In an arm’s length transaction, an entity led by Josh Bruno purchases the Washington Place Apartments, 25-units, in Central City, which were a part of the multi-family bankruptcy portfolio

3806 4th St
3806 4th St

Type: Industrial
Price: $340,000 ($66.72 / SF)
Buyer: 504 PROPERTIES LLC
Elifin’s Notes: Industrial-warehouse property sells in the Fos Place area of Harvey

501 Hickory Ave
501 Hickory Ave

Type: Retail
Price: $270,000 ($29.48 / SF)
Buyer: LOBELL PROPERTIES LLC
Elifin’s Notes: River Ridge-based investors purchase a unique retail property with three retail spaces in the Harahan City area

618 Derbigny St
618 Derbigny St

Type: Office
Price: $220,000 ($88.00 / SF)
Buyer: STEVENS PLACE LLC
Elifin’s Notes: Office property sells in the New Mechanickham area

515 Hickory Ave
515 Hickory Ave

Type: Retail
Price: $140,000 ($42.92 / SF)
Buyer: LOBELL PROPERTIES LLC
Elifin’s Notes: River Ridge-based investors purchase a retail property in the Harahan City 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
No Comments

Post A Comment