The Pulse NOLA: 268-Unit American Can mixed use development sells

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

Commercial Sales Recorded Last Week

2930 Camp St
2930 Camp St

Type: Mixed-Use
Price: $965,000 ($121 / SF)
Buyer: ST.JOHN GARDEN DISTRICT HOUSE, LLC
Elifin’s Notes: California-based investors purchase a Garden District area church with historic ties back to the 1840s; although it is zoned within a primarily residential designation, certain commercial uses are permitted under HU-RD1

5110 Danneel St
5110 Danneel St

Type: Mixed-Use
Price: $875,000 ($205 / SF)
Buyer: 5110 DANNEEL LLC
Elifin’s Notes: A local pair of investors purchase a unique mixed-use property with two street-level retail spaces and two second floor apartments in the Uptown area

404 Commerce Pt
404 Commerce Pt

Type: Industrial
Price: $690,000 ($90 / SF)
Buyer: VIVMAR301 LLC
Elifin’s Notes: Local investor purchases industrial property in the Elmwood Industrial Park area

3515 Chestnut St
3515 Chestnut St

Type: Multifamily
Price: $520,000 ($86,667 / Unit)
Buyer: MSY MANAGEMENT LLC
Elifin’s Notes: Local investor purchases a six-unit, all 1BR/1BA, three-story multi-family property in the Touro area

1505 River Oaks Rd E
1505 River Oaks Rd E

Type: Industrial
Price: $475,000 ($89 / SF)
Buyer: 1505 RIVER OAKS ROAD EAST LLC
Elifin’s Notes: Local investor purchases industrial building in the Elmwood Business Park area

236 Hickory Ave
236 Hickory Ave

Type: Industrial
Price: $375,000 ($75 / SF)
Buyer: MONOPOLY REAL ESTATE LLC
Elifin’s Notes: Local investor buys industrial property with showroom, office and warehouse space configurations in the Harahan City area

2001 Jefferson Hwy
2001 Jefferson Hwy

Type: Office
Price: $360,500 ($226 / SF)
Buyer: FPL PROPERTY LLC
Elifin’s Notes: Local investor purchases office space in the Labarre Heights area of Jefferson

4314 Poche Ct W
4314 Poche Ct W

Type: Retail
Price: $105,000 ($29 / SF)
Buyer: MYI LLC
Elifin’s Notes: Local investor purchases retail-restaurant property in the Michoud area

3700 Orleans Ave
3700 Orleans Ave

Type: Mixed-Use
Price: Withheld
Buyer: KEY AMERICAN CAN APARTMENTS LLC
Elifin’s Notes: The American Can Company multi-family, office and retail complex sells to Key Real Estate Company

426 Dauphine St
426 Dauphine St

Type: Retail
Price: Withheld
Buyer: REK REALTY LLC
Elifin’s Notes: Local investor acquires restaurant space in the French Quarter 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