The Pulse NOLA: Best Western property sells for 3 million

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

Commercial Sales Recorded Last Week

3900 Howard Ave, New Orleans, LA 70125
3900 Howard Ave, New Orleans, LA 70125

Type: Specialty
Price: $10,000,000 ($280.48 / SF)
Buyer: GRAY MEDIA GROUP INC
Elifin’s Notes: Gray Media Group, Inc, based out of Atlanta, purchases 3900 Howard Avenue, an office and television studio built in 2014, which will now be home to WVUE Fox 8

10100 I 10 Service Rd, New Orleans, LA 70127
10100 I 10 Service Rd, New Orleans, LA 70127

Type: Hospitality
Price: $3,000,000 ($17,143 / Unit)
Buyer: 10100 ORLEANS LLC
Elifin’s Notes: The Best Western Hotel changes hands along I-10 in New Orleans East

1043 Conti St, New Orleans, LA 70112
1043 Conti St, New Orleans, LA 70112

Type: Healthcare
Price: $2,200,000 ($144.30 / SF)
Buyer: START CORPORATION
Elifin’s Notes: Start Corporation, a community health 501(c)(3) non-profit based in Houma, purchases the St. Jude Community Center Property at the corner of North Rampart Street and Conti Street

2139 Hwy 90 W, Westwego, LA 70094
2139 Hwy 90 W, Westwego, LA 70094

Type: Multifamily
Price: $1,410,000 ($44,063 / Unit)
Buyer: GCA LLC
Elifin’s Notes: A Kenner-based entity purchases a 32-unit apartment complex along Highway 90 in Westwego

6584 Westbank Expy, Marrero, LA 70072
6584 Westbank Expy, Marrero, LA 70072

Type: Retail
Price: $1,350,000 ($40.53 / SF)
Buyer: Imad Hamdan
Elifin’s Notes: Local investor purchases a multi-tenant retail strip center along the West Bank Expressway in Marrero

2810 Dryades St, New Orleans, LA 70115
2810 Dryades St, New Orleans, LA 70115

Type: Multifamily
Price: $1,300,000 ($65,000 / Unit)
Buyer: JOHN BLACK LLC
Elifin’s Notes: A local investor purchases a 20-unit multifamily property at the corner of Washington Avenue and Dryades Street

4401 N I-10 Service Rd W, Metairie, LA 70001
4401 N I-10 Service Rd W, Metairie, LA 70001

Type: Office
Price: $1,258,000 ($106.88 / SF)
Buyer: AB&LD PROPERTIES LLC
Elifin’s Notes: A two-story office property sells near the Clearview Mall

7625 Maple St, New Orleans, LA 70118
7625 Maple St, New Orleans, LA 70118

Type: Retail
Price: $800,000 ($383.14 / SF)
Buyer: 7625 MAPLE STREET LLC
Elifin’s Notes: A retail restaurant property occupied by the Fresco Cafe sells in the East Carrollton area

3833 Airline Dr, Metairie, LA 70001
3833 Airline Dr, Metairie, LA 70001

Type: Retail
Price: $795,000 ($198.75 / SF)
Buyer: GDB LLC
Elifin’s Notes: A retail property with both office and warehouse space sells in Metairie along Airline Highway

1238 Baronne St, New Orleans, LA 70113
1238 Baronne St, New Orleans, LA 70113

Type: Mixed-Use
Price: $581,250 ($193.75 / SF)
Buyer: 1238 BARONNE LLC; MH PROPERTIES LLC
Elifin’s Notes: Through two transactions and two entities, a local individual purchases the historic Uglesich’s restaurant property, which includes three second floor apartments, and sits on 0.18+ acres of land

5400 Irving St, Metairie, LA 70003
5400 Irving St, Metairie, LA 70003

Type: Hospitality
Price: $425,000
Buyer: PONTCHARTRAIN RACQUET CLUB LLC
Elifin’s Notes: Ponchartrain Racquet Club, LLC, a local entity, purchases the Bissonet Maned Downs Country Club property in Metairie

1613 Magnolia St, New Orleans, LA 70113
1613 Magnolia St, New Orleans, LA 70113

Type: Retail
Price: $115,000 ($85.88 / SF)
Buyer: VINCENT WILLIAM S JR
Elifin’s Notes: A local attorney purchases a Central City retail building, depicted as down to the studs in interior pictures provided in the listing

100 Iris Ave, Jefferson, LA 70121
100 Iris Ave, Jefferson, LA 70121

Type: Industrial
Price: $110,000 ($110.00 / SF)
Buyer: Gregory M Buisson
Elifin’s Notes: An industrial property, currently used as an auto repair shop, sells within the West Carrolton area of Jefferson

2400 Gravier St, New Orleans, LA 70119
2400 Gravier St, New Orleans, LA 70119

Type: Industrial
Price: $105,000 ($39.21 / SF)
Buyer: WELLS ONE INVESTMENTS LLC
Elifin’s Notes: Local investor purchases an industrial warehouse property in the Tulane/Gravier area

50 Terry Pkwy, Gretna, LA 70056
50 Terry Pkwy, Gretna, LA 70056

Type: Hospitality
Price: Withheld
Buyer: MAA GRETNA INVESTMENTS LLC
Elifin’s Notes: An entity purchases the La Quinta Inn by Wyndham New Orleans West Bank / Gretna, which includes the hotel and a 0.5+ acre parcel of vacant land along Terry Parkway

416-420 Chartres St, New Orleans, LA 70130
416-420 Chartres St, New Orleans, LA 70130

Type: Retail
Price: Withheld
Buyer: KEMPER AND LEILA WILLIAMS FOUNDATION
Elifin’s Notes: The Kemper and Leila Williams Foundation purchases the former K-Paul’s Restaurant building in the French Quarter


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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