The Pulse NOLA: ELIFIN is growing and hiring + Last week’s sales

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

Commercial Sales Recorded Last Week

4227, 4229 Royal St, New Orleans, LA 70117
4227, 4229 Royal St, New Orleans, LA 70117

Type: Industrial
Price: $1,150,000 ($70.23 / SF)
Buyer: T & G INVESTMENTS LLC
Elifin’s Notes: An industrial warehouse property occupied by a marine supply company sells on Royal Street.

4713 Utica St, Metairie, LA 70006
4713 Utica St, Metairie, LA 70006

Type: Office
Price: $623,000 ($150.30 / SF)
Buyer: IUEC LOCAL 16
Elifin’s Notes: A non-profit corporation purchases an office property on Utica Street.

Lot 2 W Napoleon Ave, Metairie, LA 70003
Lot 2 W Napoleon Ave, Metairie, LA 70003

Type: Land
Price: $499,000 ($3.84 / Land SF)
Buyer: RODGERS, DANIEL W
Elifin’s Notes: A nearly 3 acre parcel of land sells on West Napoleon Avenue.

Tract Y-3B-6 10th Ave, Marrero, LA 70072
Tract Y-3B-6 10th Ave, Marrero, LA 70072

Type: Land
Price: $325,000 ($6.91 / Land SF)
Buyer: HARVEY REALTY LLC
Elifin’s Notes: A local attorney purchases a tract of land as part of the Archdiocese of New Orleans’ recent unloading of many of their holdings.

1500 N Villere St, New Orleans, LA 70116
1500 N Villere St, New Orleans, LA 70116

Type: Retail
Price: $325,000 ($147.73 / SF)
Buyer: BORDELON, BLAIR ALEXANDRA
Elifin’s Notes: A retail property with a residential loft sells at the corner of North Villere Street and Columbus Street.

5800 4th St, Marrero, LA 70072
5800 4th St, Marrero, LA 70072

Type: Land
Price: $140,000 ($5.54 / Land SF)
Buyer: IRON GATE STORAGE LLC
Elifin’s Notes: A 0.5+ acre parcel of land sells on 4th Street.

328 Lafayette St, New Orleans, LA 70130
328 Lafayette St, New Orleans, LA 70130

Type: Office
Price: Withheld
Buyer: 328 LAFAYETTE STREET LLC
Elifin’s Notes: The neighboring owner purchases a law office style property in the Warehouse District.


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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