The Pulse NOLA: Bella Plaza retail center sells to local investors

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

Commercial Sales Recorded Last Week

4412 Trenton St
4412 Trenton St

Type: Office
Price: $700,000 ($201.96 / SF)
Buyer: WEM REALTY LLC
Elifin’s Notes: Local investor purchases office property in the Pontchartrain Garden area

3826 General De Gaulle Dr
3826 General De Gaulle Dr

Type: Retail
Price: $600,000 ($202.43 / SF)
Buyer: 3826 GENERAL LLC
Elifin’s Notes: Retail property sells in Algiers

4324 Downman Rd

Type: Retail
Price: $545,000 ($77.30 / SF)
Buyer: FAST STOP REALTY LLC
Elifin’s Notes: Area investors purchase Bella Plaza retail strip center in the Pines Village area

4333 S Carrollton Ave
4333 S Carrollton Ave

Type: Multifamily
Price: $505,700 ($50,570 / Unit)
Buyer: 4333 S CARROLLTON LLC
Elifin’s Notes: Local multifamily investor purchases a multifamily property in the Mid-City area

3717 Vonnie Dr

Type: Industrial
Price: $490,000 ($44.71 / SF)
Buyer: KLINE PERRIN JR HOLDINGS LLC
Elifin’s Notes: Industrial property sells in the Lapalco Industrial Park area

2070 Sussex St
2070 Sussex St

Type: Industrial
Price: $375,000 ($131.12 / SF)
Buyer: G&F MANAGEMENT LLC
Elifin’s Notes: Industrial property sells in the Oakmere Business & Office Park

3021 Highway 1
3021 Highway 1

Type: Retail
Price: $279,000
Buyer: NATIVE ISLAND DAIQUIRI LLC
Elifin’s Notes: A bar/daiquiri shop sells in Grand Isle

740 Saint Charles Ave
740 Saint Charles Ave

Type: Mixed-Use
Price: Withheld
Buyer: HOT WORX FRANCHISING LLC
Elifin’s Notes: Entity purchases a mixed use property with a street-level retail space along with an 1BR/1BA upstairs apartment


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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