The Pulse NOLA: Canal Street hotel sold to Atlanta investor

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

Commercial Sales Recorded Last Week

6201, 6207, 6211-6215 Franklin Ave, 2617 Allen Toussaint Blvd, New Orleans, LA 70122
6201, 6207, 6211-6215 Franklin Ave, 2617 Allen Toussaint Blvd, New Orleans, LA 70122

Type: Retail
Price: $560,000 ($280,000 / Unit)
Buyer: FRANKLIN SB LLC
Elifin’s Notes: A two-unit retail property made up of 6,898 sq ft in usable space sitting on 0.5 acres in the Milneburg area has sold to a local investment group

1208, 1300 Canal Street
1208, 1300 Canal Street

Type: Hospitality
Price: Withheld
Buyer: NF V NOLA LLC
Elifin’s Notes: The Hotel Vinache property with 153 units and adjacent parking lot parcel along Canal Street in the Storyville area has sold to an Atlanta based investment firm for an undisclosed amount


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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