The Pulse NOLA: California company purchases Walnut Square apartments

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

Commercial Sales Recorded Last Week

2564 Barataria Blvd, Marrero, LA 70072
2564 Barataria Blvd, Marrero, LA 70072

Type: Retail
Price: $2,150,000 ($231.53 / SF)
Buyer: BZCP MARRERO LA LLC
Elifin’s Notes: A New York-based company purchases a CVS Pharmacy property on Barataria Boulevard.

3100 19th St, Metairie, LA 70002
3100 19th St, Metairie, LA 70002

Type: Retail
Price: $2,047,933 ($172.46 / SF)
Buyer: NORBO PROPERTIES LAKEVIEW LLC
Elifin’s Notes: The former Andrea’s Restaurant property, in need of major renovation, sells on 19th Street.

2020 Airline Dr, Kenner, LA 70062
2020 Airline Dr, Kenner, LA 70062

Type: Retail
Price: $1,750,000 ($583.33 / SF)
Buyer: 2020 AIRLINE DRIVE LLC
Elifin’s Notes: An automotive sales property changes ownership on Airline Drive.

18 5th Street, Gretna, LA 70053
18 5th Street, Gretna, LA 70053

Type: Industrial
Price: $1,615,000 ($64.60 / SF)
Buyer: GRETNA CITY OF
Elifin’s Notes: The City of Gretna purchases the warehouse portion of the Ray Brandt Collision Center on 5th Street.

7710, 7750, 7760 N Coronet Ct, New Orleans, LA 70126
7710, 7750, 7760 N Coronet Ct, New Orleans, LA 70126

Type: Multifamily
Price: $1,010,000 ($84,167 / Unit)
Buyer: GMD MANAGEMENT LLC
Elifin’s Notes: A California-based company purchases a set of three fourplexes on North Coronet Court.

605 S Al Davis Rd, New Orleans, LA 70123
605 S Al Davis Rd, New Orleans, LA 70123

Type: Industrial
Price: $720,000 ($124.14 / SF)
Buyer: NAZ, FARAH
Elifin’s Notes: In 2019, this Elmwood industrial property sold for $476,500.

1913 7th St, New Orleans, LA 70115
1913 7th St, New Orleans, LA 70115

Type: Multifamily
Price: $680,000 ($68,000 / Unit)
Buyer: TCIB II LLC
Elifin’s Notes: A 10-unit multifamily property sells on Seventh Street.

422 Sala Ave, Westwego, LA 70094
422 Sala Ave, Westwego, LA 70094

Type: Retail
Price: $300,000 ($65.75 / SF)
Buyer: 422 SALA LLC
Elifin’s Notes: A retail property sells in Westwego.

313 3rd St, Kenner, LA 70062
313 3rd St, Kenner, LA 70062

Type: Land
Price: $240,000 ($6.89 / Land SF)
Buyer: CHATELAIN 3RD STREET PROPERTY LLC
Elifin’s Notes: A 0.8+ acre parcel of land sells on 3rd Street in Kenner.

8370 Lake Forest Blvd, New Orleans, LA 70126
8370 Lake Forest Blvd, New Orleans, LA 70126

Type: Office
Price: $150,000 ($29.62 / SF)
Buyer: DON A ROUZAN CONSULTING LLC
Elifin’s Notes: An office property, in an unknown state of repair, sells on Lake Forest Boulevard.

1240 General Ogden St, New Orleans, LA 70118
1240 General Ogden St, New Orleans, LA 70118

Type: Specialty
Price: $126,500 ($90.36 / SF)
Buyer: MCMURRY, JOEY A
Elifin’s Notes: A church property sells at the corner of General Ogden Street and Plum Street.

1525 Lapalco Blvd (Unit 16), Harvey, LA 70058
1525 Lapalco Blvd (Unit 16), Harvey, LA 70058

Type: Retail
Price: $120,000 ($140.35 / SF)
Buyer: ESMAIL, RANDA A
Elifin’s Notes: A retail unit property changes hands within the Timberstone Office and Retail Center.

3100 Metairie Rd, Metairie, LA 70001
3100 Metairie Rd, Metairie, LA 70001

Type: Mixed-Use
Price: Withheld
Buyer: RTR PROPERTY HOLDINGS LLC
Elifin’s Notes: A pair of vacant lots and the shell of the former Barreca’s Restaurant property sell on Metairie Road.

8501 N I-10 Service Rd, New Orleans, LA 70127
8501 N I-10 Service Rd, New Orleans, LA 70127

Type: Multifamily
Price: Withheld
Buyer: COMMUNITY AFFORDABLE HOUSING FOUNDATION
Elifin’s Notes: A California-based company purchases the 209-unit Walnut Square Apartment complex.

722 Girod St, New Orleans, LA 70130
722 Girod St, New Orleans, LA 70130

Type: Multifamily
Price: Withheld
Buyer: CYPRESS PARK ESTATES, L.L.C.
Elifin’s Notes: A 17-unit apartment complex with a street-level restaurant sells on Girod 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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