02 Dec The Pulse NOLA: Clover Grill property sells on Bourbon Street

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

Commercial Sales Recorded Last Week

15 Lake Forest Blvd, New Orleans, LA 70128

Type: Land
Price: $1,585,000 ($8.07 / Land SF)
Buyer: SOUTHWEST REGION CONFERENCE ASSOCIATION OF SEVENTH ADVENTISTS
Elifin’s Notes: A 4+ acre parcel of land sells near Audubon Louisiana Nature Center.

9300 Jefferson Hwy, River Ridge, LA 70123

Type: Office
Price: $1,450,000 ($499.48 / SF)
Buyer: UPSTREAM LIFE INSURANCE CO
Elifin’s Notes: Upstream Life Insurance Company acquires a former bank branch property along Jefferson Highway in River Ridge.

4409 Utica St, Metairie, LA 70006

Type: Office
Price: $1,400,000 ($194.44 / SF)
Buyer: ATM VENTURES LLC
Elifin’s Notes: ATM Ventures acquires a multi-tenant office property on Utica Street.

2925 Audubon St, New Orleans, LA 70125

Type: Mixed-Use
Price: $275,000 ($114.54 / SF)
Buyer: BOLZ AUDUBON LLC
Elifin’s Notes: A former church property in need of a full renovation, with an open first floor space and two apartments on the second floor, sells on Audubon Street.

1138, 1140 St Anthony St, New Orleans, LA 70116

Type: Retail
Price: $150,000 ($106.84 / SF)
Buyer: RUBA1 LLC
Elifin’s Notes: A retail property changes hands on Saint Anthony Street.

5606, 5610 4th St, Marrero, LA 70072

Type: Land
Price: Withheld
Buyer: 5610 FOURTH ST LLC
Elifin’s Notes: A 0.13 acre parcel of land sells near Marrero Travel Park.

900 Bourbon St, New Orleans, LA 70130

Type: Retail
Price: Withheld
Buyer: 900 BOURBON LLC
Elifin’s Notes: The famous Clover Grill property sells on Bourbon Street.

Commercial Permits Issued Last Week

Due to technical issues at the City of New Orleans permitting office, we are unable to include issued permits in this week’s issue.

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.