The Pulse NOLA: Excelth purchases their location in Algiers

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

Commercial Sales Recorded Last Week

4422 General Meyer Ave, New Orleans, LA 70131
4422 General Meyer Ave, New Orleans, LA 70131

Type: Healthcare
Price: $1,325,000 ($39.18 / SF)
Buyer: EXCELTH INC
Elifin’s Notes: Excelth, a primary health care company, purchases their location in Algiers adjacent to Edna Karr High School

809 Behrman Highway, Terrytown, LA 70056
809 Behrman Highway, Terrytown, LA 70056

Type: Retail
Price: $1,150,000 ($115.00 / SF)
Buyer: 809 BEHRMAN HIGHWAY LLC
Elifin’s Notes: Local investor adds to his portfolio with the addition of a multi-unit retail strip center in Terrytown

1931 Whitney Avenue, Gretna, LA 70053
1931 Whitney Avenue, Gretna, LA 70053

Type: Industrial
Price: $725,000 ($80.56 / SF)
Buyer: CITIGROUP INVESTMENTS LLC
Elifin’s Notes: Local investor purchases an flex space showroom/warehouse property in Gretna

3423 Magazine St, New Orleans, LA 70115
3423 Magazine St, New Orleans, LA 70115

Type: Retail
Price: $640,000 ($300.19 / SF)
Buyer: BONFOLK COLLECTIVE LLC
Elifin’s Notes: A home-town company, Bonfolk, a sock company that has donated over 800,000 socks through their buy-one, donate-one practice, purchases a retail property along Magazine Street near Louisiana Avenue,

6745, 6751 Cindy Place, New Orleans, LA 70127
6745, 6751 Cindy Place, New Orleans, LA 70127

Type: Multifamily
Price: $575,000 ($41,071 / Unit)
Buyer: NIRVANA PROPERTIES LLC
Elifin’s Notes: A pair of local investors acquire a multifamily property with 14-units, thirteen 1BR/1BA and one studio, in West Lake Forest

9021 Airline Drive, Metairie, LA 70003
9021 Airline Drive, Metairie, LA 70003

Type: Land
Price: $520,000 ($27.19 / Land SF)
Buyer: BUCIOS PROPERTIES&INVESTMENTS LLC
Elifin’s Notes: A local entity purchases 0.4+ acres of vacant land on Airline Drive near Roosevelt Boulevard

2054 Bonn Street, Harvey, LA 70058
2054 Bonn Street, Harvey, LA 70058

Type: Industrial
Price: $285,000 ($101.79 / SF)
Buyer: ELERT LLC
Elifin’s Notes: Local business owner purchases an industrial property near its current base of operations on Paxton Street in Harvey

244 Hickory Avenue, Harahan, LA 70123
244 Hickory Avenue, Harahan, LA 70123

Type: Land
Price: $212,000 ($29.44 / Land SF)
Buyer: CLA PROPERTIES LLC
Elifin’s Notes: A 0.1+ vacant lot of commercial land sells in Elmwood along Hickory Avenue

1215 Porter Street, Gretna, LA 70053
1215 Porter Street, Gretna, LA 70053

Type: Retail
Price: $175,000 ($78.06 / SF)
Buyer: CAROLS TREASURES LLC
Elifin’s Notes: A retail space, mostly an open layout, formerly a bar/lounge sells in Gretna near the Westbank Expressway

2623 Desire Street, New Orleans, LA 70117
2623 Desire Street, New Orleans, LA 70117

Type: Retail
Price: $106,000 ($57.02 / SF)
Buyer: WILLING VESSELS OUTREACH MINISTRIES INC
Elifin’s Notes: A local non-profit purchases a retail property, with an apartment space in the rear of the building, located within the Florida area

2400 Gravier St, New Orleans, LA 70119
2400 Gravier St, New Orleans, LA 70119

Type: Industrial
Price: $105,000 ($39.21 / SF)
Buyer: ANTILIA LLC
Elifin’s Notes: A Slidell business owner purchases a warehouse property in the Tulane/Gravier area

5624 Pepsi St, New Orleans, LA 70123
5624 Pepsi St, New Orleans, LA 70123

Type: Industrial
Price: Withheld
Buyer: PITOT OTTLEY LLC
Elifin’s Notes: An industrial property changes hands within Elmwood near Edwards Avenue

2800 Athania Parkway, Metairie, LA 70002
2800 Athania Parkway, Metairie, LA 70002

Type: Industrial
Price: Withheld
Buyer: 2800 ATHANIA PARKWAY LLC
Elifin’s Notes: Local investor acquires an industrial property, constructed in 2022, near the Causeway in Metairie


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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