The Pulse NOLA: Caluda’s Cottage Catering purchases their Elmwood location

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

Commercial Sales Recorded Last Week

1332 Esplanade Ave, New Orleans, LA 70116
1332 Esplanade Ave, New Orleans, LA 70116

Type: Multifamily
Price: $1,125,000 ($187,500 / Unit)
Buyer: 1332 ESPLANADE AVE LLC
Elifin’s Notes: A 6-unit multifamily property changes hands in Tremé

1536 River Oaks Rd W, New Orleans, LA 70123
1536 River Oaks Rd W, New Orleans, LA 70123

Type: Industrial
Price: $965,000 ($112.21 / SF)
Buyer: COFFEE COTTAGE INC
Elifin’s Notes: Caluda’s Cottage Catering purchases their bakery and catering property in Elmwood

45 Veterans Blvd, Kenner, LA 70062
45 Veterans Blvd, Kenner, LA 70062

Type: Industrial
Price: $750,000 ($138.89 / SF)
Buyer: BIOMEDICAL CONCEPTS INC
Elifin’s Notes: A light industrial property sells at the corner of Veterans Boulevard and Sharon Street in Kenner

5737 Heebe St, Harahan, LA 70123
5737 Heebe St, Harahan, LA 70123

Type: Industrial
Price: $586,500 ($77.27 / SF)
Buyer: JNO ENTERPRISES LLC
Elifin’s Notes: A pair of area-based business owners and operators purchase an industrial property within the Elmwood Industrial Park

3932 Magazine St, New Orleans, LA 70115
3932 Magazine St, New Orleans, LA 70115

Type: Retail
Price: $560,000 ($551.72 / SF)
Buyer: 3932 MAGAZINE RIP LLC
Elifin’s Notes: A dwelling turned retail property along Magazine Street changes hands within the East Riverside area

4741 Trenton St, Metairie, LA 70006
4741 Trenton St, Metairie, LA 70006

Type: Office
Price: $500,000 ($192.31 / SF)
Buyer: JOUANDOT REAL ESTATES LLC
Elifin’s Notes: A local dentist acquires a dental office at the corner of Trenton Street and Harvard Avenue in Metairie

211 Louisiana St, Westwego, LA 70094
211 Louisiana St, Westwego, LA 70094

Type: Industrial
Price: $435,000 ($32.95 / SF)
Buyer: MATRANAS PRODUCE INC
Elifin’s Notes: Matrana’s Produce purchases the flex property next door to their current facilities in Westwego

2231 Jefferson Hwy, Jefferson, LA 70121
2231 Jefferson Hwy, Jefferson, LA 70121

Type: Retail
Price: $385,000 ($51.94 / SF)
Buyer: MAPLE STREET LLC
Elifin’s Notes: The same local investor that picked up 2211 Jefferson Highway also purchased the neighboring retail property

454 Robinson Ave, Marrero, LA 70072
454 Robinson Ave, Marrero, LA 70072

Type: Multifamily
Price: $289,000 ($48,167 / Unit)
Buyer: FUN TYMES PARTY RENTALS LLC
Elifin’s Notes: A 6-unit multifamily property sells near the Westbank Expressway in Marrero

2719 Marietta St, Kenner, LA 70062
2719 Marietta St, Kenner, LA 70062

Type: Industrial
Price: $275,000 ($56.12 / SF)
Buyer: FUTURE PROPERTY INVESTMENTS LLC
Elifin’s Notes: An industrial property changes hands on Marietta Street in Kenner

2211 Jefferson Hwy, Jefferson, LA 70121
2211 Jefferson Hwy, Jefferson, LA 70121

Type: Retail
Price: $250,000 ($35.46 / SF)
Buyer: MAPLE STREET LLC
Elifin’s Notes: A local investor purchases a storefront retail property with apartments across the two buildings making up this property

138 North Cortez St, New Orleans, LA 70119
138 North Cortez St, New Orleans, LA 70119

Type: Office
Price: Withheld
Buyer: 138 N CORTEZ LLC
Elifin’s Notes: A dwelling turned office property sells in Mid-City

1450 L and A Rd, Metairie, LA 70001
1450 L and A Rd, Metairie, LA 70001

Type: Industrial
Price: Withheld
Buyer: 1450 L&A HOLDINGS LLC; 1009 MCDERMOTT HOLDINGS LLC
Elifin’s Notes: Local business owner, via two transactions, purchases an industrial flex property in Metairie


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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