The Pulse NOLA: 7 Sales plus 3 Million Dollar renovation at Baptist Theological Seminary

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

Commercial Sales Recorded Last Week

2022-2024, 2026, 2030-2032 Baronne St
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 the Central City area three blocks off of St Charles Avenue.

6501 I 10 Service Rd
6501 I 10 Service Rd

Type: Retail
Price: $2,100,000 ($572 / SF)
Buyer: MORRISON HSI INVESTMENTS LLC
Elifin’s Notes: Hamdan family investment group acquires a 3,672 sq ft gas station/convenience store situated along Morrison Road in the Pines Village area.

3913, 3919 Baronne St, 1801, 1815 Constantinople St
3913, 3919 Baronne St, 1801, 1815 Constantinople St

Type: Mixed-Use
Price: $1,250,000 ($625,000 / Unit)
Buyer: 3919 BARONNE STREET LLC
Elifin’s Notes: Local investor purchases a property in the Milan area with 5,790 sq ft of space comprising a corner store front, attached warehouse with garage, and a 3BR/1.5BA upstairs apartment.

3615101, 36152, 36153 Spain St, 2345, 2349 St Claude Ave
3615101, 36152, 36153 Spain St, 2345, 2349 St Claude Ave

Type: Office
Price: $975,000 ($110 / SF)
Buyer: H & W DRUG STORE 3 LLC
Elifin’s Notes: Local investor acquires 8,896 sq ft single tenant medical office building along St Claude Avenue in the St Roch area.

2210 Bienville St
2210 Bienville St

Type: Multifamily
Price: $443,000 ($55,375 / Unit)
Buyer: 2210 BIENVILLE LLC
Elifin’s Notes: Investors acquire an apartment complex with 8 efficiency units along Bienville Street in the Tulane-Gravier area.

2000-2002 Baronne St
2000-2002 Baronne St

Type: Multifamily
Price: $356,000 ($59,333 / Unit)
Buyer: JOHNSON KATHLEEN O, BROWN TYRA JOHNSON
Elifin’s Notes: Local buyers acquire a 6-unit multifamily home in the Central City area.

5901 Read Blvd
5901 Read Blvd

Type: Retail
Price: Withheld
Buyer: READ HSI INVESTMENTS LLC
Elifin’s Notes: Hamdan family investment group acquires 2,607 sq ft gas station/convenience store in the New Orleans East 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®
Elifin Realty
marketing@elifinrealty.com
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