The Pulse NOLA: City of NOLA purchases industrial property for 7mm

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

Commercial Sales Recorded Last Week

10500 Hayne Blvd, New Orleans, LA 70127
10500 Hayne Blvd, New Orleans, LA 70127

Type: Multifamily
Price: $9,325,000 ($70,644 / Unit)
Buyer: Haltere Fund VI, LLC
Elifin’s Notes: The Haltere Group, a California-based investment firm, purchases the Arbors on the Lake apartment complex

3035 Earhart Blvd, New Orleans, LA 70125

Type: Industrial
Price: $7,000,000 ($143.78 / SF)
Buyer: CITY OF NEW ORLEANS
Elifin’s Notes: The City of New Orleans purchases an industrial property along Earhart Boulevard near Booker T Washington Highschool

805 Arabella St, New Orleans, LA 70115
805 Arabella St, New Orleans, LA 70115

Type: Mixed-Use
Price: $1,520,000 ($638.12 / SF)
Buyer: WHAT THE HELL LLC
Elifin’s Notes: A three-unit, mixed-use retail / office space sells at Arabella & Magazine Streets

127 N Carrollton Ave, New Orleans, LA 70119
127 N Carrollton Ave, New Orleans, LA 70119

Type: Retail
Price: $900,000 ($620.69 / SF)
Buyer: PUGGY SWIFT L L C
Elifin’s Notes: The chef behind the restaurant Zasu takes part in acquiring the restaurant property along North Carrollton Avenue

1139 N Rampart St, New Orleans, LA 70116
1139 N Rampart St, New Orleans, LA 70116

Type: Retail
Price: $850,000 ($607.14 / SF)
Buyer: 1139 INVESTMENT LLC
Elifin’s Notes: A pair of area-based investors purchase the gas station at the corner of North Rampart and Governor Nicholls

336 Ruby St, Terrytown, LA 70056
336 Ruby St, Terrytown, LA 70056

Type: Multifamily
Price: $785,000 ($32,708 / Unit)
Buyer: EAGLE EQUITIES LLC
Elifin’s Notes: A 24-unit multifamily townhouse complex sells in Terrytown

2639 Dreux Ave, New Orleans, LA 70122
2639 Dreux Ave, New Orleans, LA 70122

Type: Multifamily
Price: $530,000 ($88,333 / Unit)
Buyer: JDM LLC; JDM DREUX AVE LLC
Elifin’s Notes: A 6-unit multifamily property changes hands on Dreux Avenue near Filmore Avenue

4921 Freret St, New Orleans, LA 70115
4921 Freret St, New Orleans, LA 70115

Type: Retail
Price: $485,000 ($275.57 / SF)
Buyer: FRERET ALLSTARS LLC
Elifin’s Notes: In one of two purchases this past week, Freret Allstars LLC purchase a retail property along Freret Street

3947 Johnny Jackson Junior Blvd, New Orleans, LA 70126

Type: Industrial
Price: $450,000 ($20.27 / SF)
Buyer: TIRES MIAMI
Elifin’s Notes: Miami Tires, a Lafayette-based company, purchases an industrial property in Gentilly

1612 N Villere St, New Orleans, LA 70116
1612 N Villere St, New Orleans, LA 70116

Type: Retail
Price: $450,000 ($107.14 / SF)
Buyer: ELEANOR HENRY PICOU INVESTMENTS LLC
Elifin’s Notes: The Curtis Auto Repair Shop property sells at the corner of Saint Bernard & North Villere

2119 Gravier St, New Orleans, LA 70112
2119 Gravier St, New Orleans, LA 70112

Type: Land
Price: $392,500 ($62.90 / Land SF)
Buyer: BOARD OF SUPERVISORS OF LOUISIANA STATE UNIVERSITY AND AGRICULTURAL AND MECHANICAL COLLEGE
Elifin’s Notes: Sold at the same time last year, this property now sells to LSU, netting a large return for the seller.

5700 Hayne Blvd, New Orleans, LA 70126

Type: Industrial
Price: $325,000 ($56.10 / SF)
Buyer: CITY OF NEW ORLEANS
Elifin’s Notes: The City of New Orleans purchases an industrial property along Haynie Boulevard

2212 S Claiborne Ave, New Orleans, LA 70125

Type: Retail
Price: $187,000 ($108.97 / SF)
Buyer: TRIPLE A DIX ENTERPRISE LLC
Elifin’s Notes: A local investor purchases The Place To Be bar and lounge property on South Claiborne Avenue

519 Barracks St, New Orleans, LA 70116
519 Barracks St, New Orleans, LA 70116

Type: Industrial
Price: Withheld
Buyer: KENNY ROBERT TRAVIS
Elifin’s Notes: A warehouse sells on Barracks Street in the French Quarter

4917 Freret St, New Orleans, LA 70115
4917 Freret St, New Orleans, LA 70115

Type: Retail
Price: Withheld
Buyer: FRERET ALLSTARS LLC
Elifin’s Notes: In one of two purchases this past week, Freret Allstars LLC purchase a commercial property in state of varying repair along Freret 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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