The Pulse NOLA: Burlington Coat Factory property sells for 13mm in Metairie

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

Commercial Sales Recorded Last Week

2840 Veterans Memorial Blvd
2840 Veterans Memorial Blvd

Type: Retail
Price: $13,078,000 ($328.59 / SF)
Buyer: AGREE CENTRAL LLC
Elifin’s Notes: A Michigan-based entity purchases the former Burlington Coat Factory property in Metairie

251 Barry Ave
251 Barry Ave

Type: Multifamily
Price: $2,550,000 ($79,688 / Unit)
Buyer: BARCELLONA REALTY LLC
Elifin’s Notes: The Riverside Commons, a 32-unit multifamily apartment complex in the Bonnie Park area of Jefferson, sells to a New Jersey-based realty entity

4535 N Rampart St
4535 N Rampart St

Type: Industrial
Price: $1,300,000 ($109.89 / SF)
Buyer: PDJW PROPERTIES LLC
Elifin’s Notes: An industrial property sells in the Bywater area next to the Music Box Village

5604 Crawford St
5604 Crawford St

Type: Industrial
Price: $800,000 ($67.97 / SF)
Buyer: GRY INVESTMENTS LLC
Elifin’s Notes: An industrial property changes hands in the Elmwood Business Park area

4125 Hessmer Ave
4125 Hessmer Ave

Type: Land
Price: $600,000 ($27.21 / Land SF)
Buyer: ORACLE PROPERTIES LLC
Elifin’s Notes: A 0.5+ acre parcel of vacant land sells within a multifamily-dense area of Hessmer Farms

3020 Broadway St
3020 Broadway St

Type: Multifamily
Price: $500,000 ($35,714 / Unit)
Buyer: RAMS FUND LLC
Elifin’s Notes: A 14-unit multifamily property sells in the Marlyville/Fontainebleau area

3931 Downman Rd
3931 Downman Rd

Type: Retail
Price: $450,000 ($409.09 / SF)
Buyer: WALLACE REAL ESTATE LLC
Elifin’s Notes: A retail restaurant location sells in the Pines Village area

801 Rosedale Dr
801 Rosedale Dr

Type: Retail
Price: Withheld
Buyer: SUJO LLC
Elifin’s Notes: The Rosedale restaurant operators purchase the restaurant property in the Navarre area next to City Park

25 Walnut St
25 Walnut St

Type: Land
Price: Withheld
Buyer: BATTURE PROPCO LLC
Elifin’s Notes: A property with industrial improvements sitting on 11+ acres of land along the Mississippi River near Audubon Park sells to a local developer


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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