The Pulse NOLA: Arbor Place Apartments sell for 7.6mm

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

Commercial Sales Recorded Last Week

735 Heritage Ave, Terrytown, LA 70056
735 Heritage Ave, Terrytown, LA 70056

Type: Multifamily
Price: $7,610,000 ($55,956 / Unit)
Buyer: ARBOR PLACE LLC
Elifin’s Notes: The Arbor Place Apartments, consisting of 136 units, changes hands on Heritage Avenue in Terrytown.

801, 805 Distributors Row, New Orleans, LA 70123
801, 805 Distributors Row, New Orleans, LA 70123

Type: Industrial
Price: $1,790,000 ($82.87 / SF)
Buyer: IHTSW INVESTMENTS
Elifin’s Notes: An industrial property trades in Elmwood.

3030 Holiday Dr, New Orleans, LA 70131
3030 Holiday Dr, New Orleans, LA 70131

Type: Retail
Price: $1,450,000 ($143.27 / SF)
Buyer: JDN PROPERTIES LLC
Elifin’s Notes: A California-based company acquires the Petco occupied portion of the Algiers Plaza shopping center.

1301 W Esplanade Ave, Kenner, LA 70065
1301 W Esplanade Ave, Kenner, LA 70065

Type: Office
Price: $925,000 ($289.06 / SF)
Buyer: BROMAT PROPERTIES LLC
Elifin’s Notes: A medical office property sells near the Esplanade Mall in Kenner.

5926 Magazine St, New Orleans, LA 70115
5926 Magazine St, New Orleans, LA 70115

Type: Retail
Price: $479,000 ($299.38 / SF)
Buyer: MADTAY LLC
Elifin’s Notes: A retail property sells along Magazine Street near State Street.

4100 Alabama Ave, Kenner, LA 70065
4100 Alabama Ave, Kenner, LA 70065

Type: Land
Price: $440,000 ($19.59 / Land SF)
Buyer: J&W BUILDERS GROUP LLC
Elifin’s Notes: A 0.5+ acre parcel of land sells at the corner of Alabama Avenue and Vintage Drive.

2716 Hessmer Ave, Metairie, LA 70002
2716 Hessmer Ave, Metairie, LA 70002

Type: Industrial
Price: $100,000 ($38.27 / SF)
Buyer: TJL LLC
Elifin’s Notes: An industrial property changes ownership on Hessmer Avenue.

1525 Lapalco Blvd (Unit 26), Harvey, LA 70058
1525 Lapalco Blvd (Unit 26), Harvey, LA 70058

Type: Retail
Price: $100,000 ($40.00 / SF)
Buyer: ESMAIL RANDA A
Elifin’s Notes: A retail unit sells within a shopping center on Lapalco Boulevard.

5450 Mounes St, Elmwood, LA 70123
5450 Mounes St, Elmwood, LA 70123

Type: Industrial
Price: Withheld
Buyer: 5450 MOUNES STREET PARTNERS LLC
Elifin’s Notes: An industrial-showroom property sells in Elmwood.

1201 N Johnston St, New Orleans, LA 70116
1201 N Johnston St, New Orleans, LA 70116

Type: Retail
Price: Withheld
Buyer: EARTH ODYSSEY L L C
Elifin’s Notes: A retail property, formerly operated as a food market, sells at the corner of Governor Nicholls Street and N Johnston 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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