The Pulse NOLA: American National Red Cross purchases office for 1.45mm

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

Commercial Sales Recorded Last Week

4140 Williams Blvd, Kenner, LA 70065
4140 Williams Blvd, Kenner, LA 70065

Type: Office
Price: $1,450,000 ($148.26 / SF)
Buyer: AMERICAN NATIONAL RED CROSS
Elifin’s Notes: The American National Red Cross acquires an office building on Williams Boulevard near the Pontchartrain Convention Center

3121 21st St, Metairie, LA 70002
3121 21st St, Metairie, LA 70002

Type: Office
Price: $900,000 ($112.50 / SF)
Buyer: Morris Brett S
Elifin’s Notes: A newly renovated three-story office changes hands next to the Lakeside Shopping Center

1200 Bridge City Ave, Westwego, LA 70094
1200 Bridge City Ave, Westwego, LA 70094

Type: Retail
Price: $390,000 ($66.10 / SF)
Buyer: KGR ACADEMY LLC
Elifin’s Notes: KGR Academy purchases a commercial retail building in Bridge City

2701 Athania Pkwy, Metairie, LA 70002
2701 Athania Pkwy, Metairie, LA 70002

Type: Office
Price: $390,000 ($182.93 / SF)
Buyer: VICKI ADJMI HOLDINGS LLC
Elifin’s Notes: Local investor acquires an office property near the North Causeway Boulevard and I-10 exchange in Metairie

323, 327 Bouny St, New Orleans, LA 70114
323, 327 Bouny St, New Orleans, LA 70114

Type: Land
Price: $135,000 ($22.46 / Land SF)
Buyer: KEY KOMPONENT REALTY LLC
Elifin’s Notes: Located in Algiers Point, a pair of vacant land parcels, covering 0.1+ acres sells through bankruptcy proceedings

600 Veterans Blvd, Metairie, LA 70005
600 Veterans Blvd, Metairie, LA 70005

Type: Retail
Price: Withheld
Buyer: SUNRISE PROPERTY INVESTMENTS LLC
Elifin’s Notes: A pair of local investors acquire a retail restaurant property at Veterans Boulevard and Aris Avenue in Metairie

601, 605 Farmington Pl, Terrytown, LA 70056
601, 605 Farmington Pl, Terrytown, LA 70056

Type: Multifamily
Price: Withheld
Buyer: 601 05 FARMINGTON PLACE INVESTMENTS LLC
Elifin’s Notes: A Hamdan Sons Investments backed entity purchases a pair of quadraplexes, totaling 8-units, in Terrytown


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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