The Pulse NOLA: Distribution facility sold for 23.5mm

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

Commercial Sales Recorded Last Week

809 Jefferson Hwy, New Orleans, LA 70121
809 Jefferson Hwy, New Orleans, LA 70121

Type: Industrial
Price: $23,500,000 ($73.83 / SF)
Buyer: LONE OAK JEFFERSON LLC
Elifin’s Notes: Reyes Holdings, an Illinois-based food and beverage producer and distributor, purchases a distribution property on Jefferson Highway.

4933, 4935 Magazine St, New Orleans, LA 70115
4933, 4935 Magazine St, New Orleans, LA 70115

Type: Retail
Price: $3,450,000 ($308.56 / SF)
Buyer: JIN MAGAZINE LLC
Elifin’s Notes: A strip center property changes ownership at the corner of Magazine Street and Robert Street.

513 Conti St, New Orleans, LA 70130
513 Conti St, New Orleans, LA 70130

Type: Mixed-Use
Price: $1,900,000 ($376.98 / SF)
Buyer: MEER, JILL ROSS
Elifin’s Notes: A mixed-use property with commercial space on the ground floor and residential units above sells on Conti Street.

76 1st St, Gretna, LA 70053
76 1st St, Gretna, LA 70053

Type: Industrial
Price: $1,750,000 ($194.44 / SF)
Buyer: CCAA INVESTMENTS LLC
Elifin’s Notes: A towing service property changes hands in Gretna.

5000 Freret St, New Orleans, LA 70115
5000 Freret St, New Orleans, LA 70115

Type: Retail
Price: $1,162,500 ($271.74 / SF)
Buyer: KEHOE TIRE AND SUPPLY INC
Elifin’s Notes: An auto repair property sells at the corner of Freret Street and Robert Street.

8129, 8135 Earhart Blvd, New Orleans, LA 70118
8129, 8135 Earhart Blvd, New Orleans, LA 70118

Type: Retail
Price: $830,000 ($75.58 / SF)
Buyer: NORTON, TIMOTHY N
Elifin’s Notes: A pair of commercial properties, including a Sherwin-Williams, sell at the corner of Earhart Boulevard and Dublin Street.

609, 611 Oak Ave, Harahan, LA 70123
609, 611 Oak Ave, Harahan, LA 70123

Type: Multifamily
Price: $800,000 ($100,000 / Unit)
Buyer: FOX, BRENDAN T
Elifin’s Notes: Two fourplexes change ownership on Oak Avenue.

1833 Industrial Boulevard, Harvey, LA 70058
1833 Industrial Boulevard, Harvey, LA 70058

Type: Industrial
Price: $725,000 ($56.91 / SF)
Buyer: Rathborne Properties LLC
Elifin’s Notes: An industrial property trades on Industrial Boulevard.

3619 18th St, Metairie, LA 70002
3619 18th St, Metairie, LA 70002

Type: Office
Price: $700,000 ($97.49 / SF)
Buyer: HEARST INVESTMENT LLC
Elifin’s Notes: An office property with five units changes hands on 18th Street.

8840 Spruce St; 1921 General Ogden St, New Orleans, LA 70118
8840 Spruce St; 1921 General Ogden St, New Orleans, LA 70118

Type: Multifamily
Price: $660,000 ($82,500 / Unit)
Buyer: SKYLINE SUITES UNLIMITED LLC
Elifin’s Notes: An 8-unit multifamily property sells on Spruce Street.

1730 Prytania St, New Orleans, LA 70130
1730 Prytania St, New Orleans, LA 70130

Type: Multifamily
Price: $650,000 ($92,857 / Unit)
Buyer: DENORMANDIE FAMILY 2012 IRREVOCABLE TRUST
Elifin’s Notes: A Mississippi-based trust purchases a 7-unit multifamily property on Prytania Street.

2009 Conti St, New Orleans, LA 70112
2009 Conti St, New Orleans, LA 70112

Type: Multifamily
Price: $600,000 ($100,000 / Unit)
Buyer: SKYLINE SUITES UNLIMITED LLC
Elifin’s Notes: A 6-unit multifamily property sells on Conti Street.

305 City Park Ave, New Orleans, LA 70119
305 City Park Ave, New Orleans, LA 70119

Type: Multifamily
Price: $500,000 ($100,000 / Unit)
Buyer: OLIVERI LUXE PROPERTIES LLC
Elifin’s Notes: A 5-unit multifamily property changes hands on City Park Avenue.

2512, 2518 Canal St, New Orleans, LA 70119
2512, 2518 Canal St, New Orleans, LA 70119

Type: Land
Price: $333,333 ($32.97 / Land SF)
Buyer: DEROUEN, JULIE COCCHIARA
Elifin’s Notes: A 0.2+ acre parcel of land currently used as parking lot sells on Canal Street.

314, 316 S Rampart St, New Orleans, LA 70112
314, 316 S Rampart St, New Orleans, LA 70112

Type: Retail
Price: $200,000 ($48.78 / SF)
Buyer: 324 S RAMPART STREET L L C
Elifin’s Notes: A commercial property sells across from the Holiday Inn on South Rampart Street.

11839 Chef Menteur Hwy, New Orleans, LA 70129
11839 Chef Menteur Hwy, New Orleans, LA 70129

Type: Land
Price: $120,000 ($3.65 / Land SF)
Buyer: HWY SUPER STOP LLC
Elifin’s Notes: A 0.7+ acre parcel of land sells at the corner of Chef Menteur Highway and Bullard Avenue.

2111 Dauphine St, New Orleans, LA 70116
2111 Dauphine St, New Orleans, LA 70116

Type: Hospitality
Price: Withheld
Buyer: DAVID ANDREW DANIELS TRUST
Elifin’s Notes: The Claiborne Mansion sells, featuring 10BR/8.5BA, recently used as a Bed & Breakfast.

3157 Tchoupitoulas St, New Orleans, LA 70115
3157 Tchoupitoulas St, New Orleans, LA 70115

Type: Mixed-Use
Price: Withheld
Buyer: 3157 TCHOUP LLC
Elifin’s Notes: A commercial property with a 3BR residential unit changes ownership on Tchoupitoulas Street.

8433 Oak St, New Orleans, LA 70118
8433 Oak St, New Orleans, LA 70118

Type: Retail
Price: Withheld
Buyer: LEONIDAS HOLDINGS LLC
Elifin’s Notes: A restaurant property sells at the corner of Oak Street and Joliet Street.

910 Ave G, Marrero, LA 70072
910 Ave G, Marrero, LA 70072

Type: Office
Price: Withheld
Buyer: RETIF WESTBANK EXP LLC
Elifin’s Notes: An office property sells on Avenue G in Marrero.

2001 Ridgelake Dr, Metairie, LA 70001
2001 Ridgelake Dr, Metairie, LA 70001

Type: Industrial
Price: Withheld
Buyer: JEFF PARISH PHYSICIAN REAL ESTATE PARTNERS LLC
Elifin’s Notes: A two-story office building with attached warehouse with roll-up doors sells on Ridgelake Drive.


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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