The Pulse NOLA: Extra Space Storage facility sells for 29.6mm

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

Commercial Sales Recorded Last Week

4866 Tchoupitoulas St, New Orleans, LA 70115
4866 Tchoupitoulas St, New Orleans, LA 70115

Type: Self-Storage
Price: $29,600,000 ($34,180 / Unit)
Buyer: EXTRA SPACE PROPERTIES TWO LLC
Elifin’s Notes: The Extra Space Storage facility on Tchoupitoulas Street sells near F&M’s Patio Bar.

211 Camp St, New Orleans, LA 70170
211 Camp St, New Orleans, LA 70170

Type: Hospitality
Price: $1,675,600
Buyer: INTERNATIONAL HOUSE L L C
Elifin’s Notes: International House LLC acquires the Norman Mayer Building, which is a part of the former Hancock Whitney Complex in the CBD.

3105 18th St, Metairie, LA 70002
3105 18th St, Metairie, LA 70002

Type: Office
Price: $1,265,000 ($243.27 / SF)
Buyer: ARABELLA ASSETS LLC
Elifin’s Notes: Arabella Assets acquires an office property off of North Causeway Boulevard.

1600 Magazine St, New Orleans, LA 70130
1600 Magazine St, New Orleans, LA 70130

Type: Land
Price: $1,100,000 ($160.37 / Land SF)
Buyer: 1600 MAGOZINE LLC
Elifin’s Notes: A 0.1+ acre parcel of land sells at the corner of Magazine Street and Richard Street.

1200 Ave G, Marrero, LA 70072
1200 Ave G, Marrero, LA 70072

Type: Office
Price: $725,000 ($103.57 / SF)
Buyer: ALTERNATIVE COMPETENT CARE LLC
Elifin’s Notes: Alternative Competent Care LLC acquires a medical office property off of Barataria Boulevard.

1421 Lafitte St, New Orleans, LA 70112
1421 Lafitte St, New Orleans, LA 70112

Type: Industrial
Price: $560,000 ($137.80 / SF)
Buyer: VALENTINO INVESTMENTS LLC
Elifin’s Notes: An industrial property changes hands on Lafitte Street.

5050 Chef Menteur Hwy, New Orleans, LA 70126
5050 Chef Menteur Hwy, New Orleans, LA 70126

Type: Land
Price: $437,500 ($3.88 / Land SF)
Buyer: HUYNH LINH
Elifin’s Notes: A 2.5+ acre parcel of land sells on Chef Menteur Highway.

2700 General De Gaulle Dr, New Orleans, LA 70114
2700 General De Gaulle Dr, New Orleans, LA 70114

Type: Retail
Price: $350,000 ($85.30 / SF)
Buyer: 2700 GEN DEGAULLE LLC
Elifin’s Notes: A retail property changes hands on General De Gaulle Drive.

500 Maple Ave, Harvey, LA 70058
500 Maple Ave, Harvey, LA 70058

Type: Land
Price: $330,000 ($4.08 / Land SF)
Buyer: JEFFERSON PARISH COUNCIL
Elifin’s Notes: The Jefferson Parish Council purchases a former school site on Maple Avenue.

1121 Pailet Ave, Harvey, LA 70058
1121 Pailet Ave, Harvey, LA 70058

Type: Land
Price: $141,800 ($1.06 / Land SF)
Buyer: JEFFERSON PARISH COUNCIL
Elifin’s Notes: The Jefferson Parish Council purchases a former elementary school site on Pailet Avenue.

5425 4th St, Marrero, LA 70072
5425 4th St, Marrero, LA 70072

Type: Retail
Price: $110,000 ($61.59 / SF)
Buyer: CREOLE DAME LLC
Elifin’s Notes: A retail property sells on 4th Street in Marrero.

2121 Canal St, New Orleans, LA 70112
2121 Canal St, New Orleans, LA 70112

Type: Land
Price: Withheld
Buyer: 2131 CANAL LLC
Elifin’s Notes: A 0.1+ acre parcel of land sells on Canal Street.

622, 624 Conti St, New Orleans, LA 70130
622, 624 Conti St, New Orleans, LA 70130

Type: Mixed-Use
Price: Withheld
Buyer: 622 CONTI STREET OWNER LLC
Elifin’s Notes: The former Sucre property sells opposite to the Louisiana Supreme Court in the French Quarter.


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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