The Pulse NOLA: 32 Unit Texas Motel in Shrewsbury sells

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

Commercial Sales Recorded Last Week

3520 Airline Dr
3520 Airline Dr

Type: Hospitality
Price: $1,265,000 ($39,531.25 / Unit)
Buyer: HARVEY GULF INTERNATIONAL MARINE LLC
Elifin’s Notes: The 32-unit Texas Motel sells in the Shrewsbury area of Metairie

1434 Amelia St
1434 Amelia St

Type: Office
Price: $750,000 ($300.00 / SF)
Buyer: HUQ TASHFIN; IQBAL AZREEN
Elifin’s Notes: Formerly split into two residential condo units, this property was sold as an office opportunity in the Touro area

1510 Robert C. Blakes Sr. Dr
1510 Robert C. Blakes Sr. Dr

Type: Multifamily
Price: $575,000 ($115,000.00 / Unit)
Buyer: MOHER PROPERTIES FUND IV LLC
Elifin’s Notes: Local investor purchases a 5-unit multifamily property in the Central City area

201 Plauche Ct
201 Plauche Ct

Type: Industrial
Price: $550,000 ($122.22 / SF)
Buyer: ALT COM MANAGEMENT LLC
Elifin’s Notes: Mandeville-based investor purchases a 3-unit industrial office/warehouse property in the Plauche Industrial Park area of Elmwood

848 Terry Pkwy
848 Terry Pkwy

Type: Office
Price: $350,000 ($157.16 / SF)
Buyer: HUTTO HOLDINGS LLC
Elifin’s Notes: Local investor purchases an office building, currently housing a dental practice, in Terrytown

424 Port St
424 Port St

Type: Industrial
Price: $200,000 ($142.86 / SF)
Buyer: BYRD MICHAEL RION
Elifin’s Notes: Local investor purchases a small industrial-warehouse property in the Bywater area

3234 Tulane Ave
3234 Tulane Ave

Type: Land
Price: $140,000 ($37.33 / Land SF)
Buyer: KXC PROPERTIES LLC
Elifin’s Notes: Chalmette-based investor purchases a 0.09 acre vacant commercial lot in the Mid-City area

1801 Commercial Dr
1801 Commercial Dr

Type: Land
Price: $120,000 ($6.12 / Land SF)
Buyer: BROAD BASE SERVICE&RENTALS LLC
Elifin’s Notes: Local entity purchases 0.45 acres of vacant commercial land across two parcels in the Lapalco Commercial Park area of Harvey

217 S Robertson St
217 S Robertson St

Type: Land
Price: Withheld
Buyer: GRAVIER DEVELOPMENT L L C
Elifin’s Notes: Local developers purchase 0.07 acres of vacant commercial land in the CBD area near I-10

3959 S Front St
3959 S Front St

Type: Specialty
Price: Withheld
Buyer: PRAISE BE LLC
Elifin’s Notes: Local investor purchases a religious facility on a 0.22 acre lot in the Riverside area

300 Plauche St
300 Plauche St

Type: Industrial
Price: Withheld
Buyer: COMMERCIAL ASSET PARTNERS LLC
Elifin’s Notes: Local investor purchases a large industrial warehouse-distribution property in the Plauche Commercial Park area of Elmwood


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
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