The Pulse NOLA: Aldi-anchored center sold to Michigan company

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

Commercial Sales Recorded Last Week

845 Carondelet St, New Orleans, LA 70130
845 Carondelet St, New Orleans, LA 70130

Type: Retail
Price: $1,500,000 ($217.39 / SF)
Buyer: BEARCAT ENTERPRISES LLC
Elifin’s Notes: The owner of Bearcat CBD, a popular local eatery, purchases its location on Carondelet Street.

2820 Canal St, New Orleans, LA 70119
2820 Canal St, New Orleans, LA 70119

Type: Office
Price: $815,000 ($99.17 / SF)
Buyer: SILVA INVESTMENT PROPERTIES LLC
Elifin’s Notes: An office property changes hands across from the RTA building on Canal Street.

Lot 3 Reverend Richard Wilson Dr, Kenner, LA 70062
Lot 3 Reverend Richard Wilson Dr, Kenner, LA 70062

Type: Land
Price: $800,000 ($5.57 / Land SF)
Buyer: PROPERTY COMMANDER LLC
Elifin’s Notes: A 3+ acre parcel of land sells on Reverend Richard Wilson Dr in Kenner.

1013 Live Oak St, Metairie, LA 70005
1013 Live Oak St, Metairie, LA 70005

Type: Retail
Price: $755,000 ($362.63 / SF)
Buyer: MCINTYRE, EDMOND H III
Elifin’s Notes: An auto repair shop property changes ownership in Bucktown.

801 S Carrollton Ave, New Orleans, LA 70118
801 S Carrollton Ave, New Orleans, LA 70118

Type: Retail
Price: $387,000 ($367.87 / SF)
Buyer: JC RIVERBEND PROPERTIES LLC
Elifin’s Notes: A retail property currently occupied by a hair salon changes hands on South Carrolton Avenue.

2511 Whitney Ave, Gretna, LA 70056
2511 Whitney Ave, Gretna, LA 70056

Type: Industrial
Price: $195,000 ($74.48 / SF)
Buyer: JEBREEL, KAREEM K
Elifin’s Notes: An auto repair property sells on 0.3+ acres of land in Gretna.

500 St Maurice Ave, New Orleans, LA 70117
500 St Maurice Ave, New Orleans, LA 70117

Type: Multifamily
Price: Withheld
Buyer: THE FINANCE AUTHORITY OF NEW ORLEANS
Elifin’s Notes: As part of a larger multifamily package, Providence Community Housing engages in a conveyance and leaseback of the Villa St. Maurice with the Finance Authority of New Orleans.

1501, 1540 N Johnson St, New Orleans, LA 70116
1501, 1540 N Johnson St, New Orleans, LA 70116

Type: Multifamily
Price: Withheld
Buyer: THE FINANCE AUTHORITY OF NEW ORLEANS
Elifin’s Notes: As part of a larger multifamily package, Providence Community Housing engages in a conveyance and leaseback of the St. Martin’s Manor Apartments and St. Martin’s House properties with the Finance Authority of New Orleans.

1226 S Carrollton Ave, New Orleans, LA 70118
1226 S Carrollton Ave, New Orleans, LA 70118

Type: Multifamily
Price: Withheld
Buyer: THE FINANCE AUTHORITY OF NEW ORLEANS
Elifin’s Notes: As part of a larger multifamily package, Providence Community Housing engages in a conveyance and leaseback of the Apartments at Mater Dolorosa with the Finance Authority of New Orleans.

2110 Royal St, New Orleans, LA 70116
2110 Royal St, New Orleans, LA 70116

Type: Multifamily
Price: Withheld
Buyer: THE FINANCE AUTHORITY OF NEW ORLEANS
Elifin’s Notes: As part of a larger multifamily package, Providence Community Housing engages in a conveyance and leaseback of the Christopher Inn with the Finance Authority of New Orleans.

823 Royal St, New Orleans, LA 70116
823 Royal St, New Orleans, LA 70116

Type: Retail
Price: Withheld
Buyer: WEDNESDAY NIGHT LLC
Elifin’s Notes: A French Quarter property, built in 1830, occupied by an art gallery sells on Royal Street.

4929 York St, Metairie, LA 70001
4929 York St, Metairie, LA 70001

Type: Multifamily
Price: Withheld
Buyer: METAIRIE MANOR OWNER LP
Elifin’s Notes: Providence Community Housing, as part of a larger multi-transaction multifamily purchase, acquires the Metairie Manor property.

4937 York St, Metairie, LA 70001
4937 York St, Metairie, LA 70001

Type: Multifamily
Price: Withheld
Buyer: METAIRIE MANOR OWNER LP
Elifin’s Notes: Providence Community Housing, as part of a larger multi-transaction multifamily purchase, acquires the Metairie Manor IV property.

4600 10th St, Marrero, LA 70072
4600 10th St, Marrero, LA 70072

Type: Multifamily
Price: Withheld
Buyer: WYNHOVEN OWNER LP
Elifin’s Notes: Providence Community Housing, as part of a larger multi-transaction multifamily purchase, acquires the Wynhoven property in Marrero.

5901 Airline Dr, Metairie, LA 70003
5901 Airline Dr, Metairie, LA 70003

Type: Retail
Price: Withheld
Buyer: AGREE CENTRAL LLC
Elifin’s Notes: A Michigan-based company acquires an ALDI anchored property on Airline Drive.

505 Esplanade Ave, New Orleans, LA 70116
505 Esplanade Ave, New Orleans, LA 70116

Type: Retail
Price: Withheld
Buyer: 505 ESPLANADE AVENUE LLC
Elifin’s Notes: In one of two purchases of side-by-side properties in the Marigny, a New York-based company acquires the retail property formerly occupied by Checkpoint Charlies.

1407 Decatur St; 502, 504 Frenchmen St, New Orleans, LA 70119
1407 Decatur St; 502, 504 Frenchmen St, New Orleans, LA 70119

Type: Retail
Price: Withheld
Buyer: 502 504 FRENCHMAN STREET LLC
Elifin’s Notes: In one of two purchases of side-by-side properties in the Marigny, a New York-based company acquires a retail property along Frenchman Street.


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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