The Pulse NOLA: Chateau Cleary apartment complex sells

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

Commercial Sales Recorded Last Week

3900 S I-10 Service Road W, Metairie, LA 70001
3900 S I-10 Service Road W, Metairie, LA 70001

Type: Multifamily
Price: $5,720,000 ($55,000 / Unit)
Buyer: CYPRESS CLEARY LLC
Elifin’s Notes: The Chateau Cleary apartment complex with 104 units changes hands on South I-10 Service Road West.

1700 Promenade Blvd, Marrero, LA 70072
1700 Promenade Blvd, Marrero, LA 70072

Type: Retail
Price: $3,162,100 ($79.65 / SF)
Buyer: 1700 PROMENADE SHOPPES LLC
Elifin’s Notes: The Belle Promenade Shoppes retail property sells in Marrero.

608 Westbank Expy, Westwego, LA 70094
608 Westbank Expy, Westwego, LA 70094

Type: Land
Price: $1,104,435 ($15.18 / Land SF)
Buyer: BUSINESS PROPERTY LLC
Elifin’s Notes: A 1.6+ parcel of land with an office-type structure sells along the Westbank Expressway in Westwego.

3741 Jefferson Hwy, Jefferson, LA 70121
3741 Jefferson Hwy, Jefferson, LA 70121

Type: Retail
Price: $605,000 ($131.52 / SF)
Buyer: ASHER AFRICAN MARKET LLC
Elifin’s Notes: A grocery store property sells in Jefferson.

1423 Annunciation St, New Orleans, LA 70130
1423 Annunciation St, New Orleans, LA 70130

Type: Office
Price: $463,028 ($91.69 / SF)
Buyer: 1423 ANNUNCIATION LLC
Elifin’s Notes: An office property with warehouse space changes hands on Annunciation Street.

2232 Fayette St, Kenner, LA 70062
2232 Fayette St, Kenner, LA 70062

Type: Industrial
Price: $288,000 ($137.14 / SF)
Buyer: 2232 FAYETTE ST LLC
Elifin’s Notes: An industrial property changes ownership on Fayette Street.

980 Ave A, Marrero, LA 70072
980 Ave A, Marrero, LA 70072

Type: Specialty
Price: $215,000 ($83.08 / SF)
Buyer: 980 AVENUE A LLC
Elifin’s Notes: A radio station studio changes hands in Marrero.

4317 Williams Blvd, Kenner, LA 70065
4317 Williams Blvd, Kenner, LA 70065

Type: Office
Price: $127,500 ($70.99 / SF)
Buyer: AWAN, SUMBLE
Elifin’s Notes: An office property changes hands on Williams Boulevard.

925 Parc Helene Dr, Marrero, LA 70072
925 Parc Helene Dr, Marrero, LA 70072

Type: Retail
Price: Withheld
Buyer: CARNIVAL CASINO BINGO LLC
Elifin’s Notes: A bingo hall sitting on nearly 2 acres of land sells in Marrero.

5324 Franklin Ave, New Orleans, LA 70122
5324 Franklin Ave, New Orleans, LA 70122

Type: Land
Price: Withheld
Buyer: MEDVEST PROPERTIES, INC
Elifin’s Notes: Medvest Properties, Inc acquires a 0.01 acre parcel of land on Franklin Avenue.

2401 Jefferson Hwy, New Orleans, LA 70121
2401 Jefferson Hwy, New Orleans, LA 70121

Type: Retail
Price: Withheld
Buyer: ELITE PROPS LLC
Elifin’s Notes: Elite Props LLC purchases a convenience store/gas station across from the Ochsner Rehabilitation Hospital on Jefferson Highway.

201 Evans Rd, New Orleans, LA 70123
201 Evans Rd, New Orleans, LA 70123

Type: Office
Price: Withheld
Buyer: ROBERTSON STREET VENTURES LLC
Elifin’s Notes: Robertson Street Ventures LLC acquires Elmwood Oaks, a multi-tenant office complex featuring four buildings.


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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