The Pulse NOLA: Former Army National Guard facility sells

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

Commercial Sales Recorded Last Week

4200 Michoud Blvd
4200 Michoud Blvd

Type: Industrial
Price: $1,250,000 ($8.00 / SF)
Buyer: 4200 MICHOUD LLC
Elifin’s Notes: An entity, led by Barry Kern, purchases the former Army National Guard facility sitting on 12.185 acres of land in the Michoud area

1731 Baronne St
1731 Baronne St

Type: Retail
Price: $819,120 ($128.27 / SF)
Buyer: EFFORTS OF GRACE INC
Elifin’s Notes: Local non-profit purchases the Ashé Powerhouse Theater in the Central City area

3737 S Claiborne Ave
3737 S Claiborne Ave

Type: Retail
Price: $600,000 ($198.02 / SF)
Buyer: 3737 INVESTMENTS LLC
Elifin’s Notes: Terrytown-based investor purchases an office property in the Broadmoor area along South Claiborne Avenue

2625 Marietta St
2625 Marietta St

Type: Industrial
Price: $450,000 ($90 / SF)
Buyer: RODRIGUEZ REBECA ZAVALA
Elifin’s Notes: LaPlace-based investor purchases a 5,000 sq ft industrial building in the Bainbridge Office & Industrial Park area of Kenner

3335 Barataria Blvd
3335 Barataria Blvd

Type: Retail
Price: $300,000 ($132.92 / SF)
Buyer: NYTE LYFE PROPERTIES LLC
Elifin’s Notes: Local investors purchase a retail – bar/tavern property in Marrero

Lot 37 Plauche Ct
Lot 37 Plauche Ct

Type: Land
Price: $190,000 ($26.51 / Land SF)
Buyer: CP4 HOLDINGS LLC
Elifin’s Notes: A 0.16 acre lot of vacant commercial land sells in the Plauche Industrial Park area of Harahan

723 S Dupre St
723 S Dupre St

Type: Office
Price: $148,000 ($87.26 / SF)
Buyer: A SURETY INSURANCE LLC
Elifin’s Notes: Office property sells in the Mid-City area

Lot 18-A Tifton St
Lot 18-A Tifton St

Type: Land
Price: $130,000 ($10.85 / Land SF)
Buyer: FROST INVESTMENTS LLC
Elifin’s Notes: LaPlace-based investor acquires 0.27 acre parcel of vacant commercial land in the Bainbridge Office & Industrial Park area of Kenner

1118 Monroe St
1118 Monroe St

Type: Multifamily
Price:
Buyer: BLUEROCK 1118 MONROE LLC
Elifin’s Notes: Covington-based investors purchase a 10-unit multifamily property in the Black Pearl area

3984 Tchoupitoulas St
3984 Tchoupitoulas St

Type: Retail
Price:
Buyer: 3984 TCHOUP PARTNERS LLC
Elifin’s Notes: Kupperman-led group purchases a retail-restaurant property in the East Riverside area

2028-2030 N Rampart Street, 940 Frenchmen Street
2028-2030 N Rampart Street, 940 Frenchmen Street

Type: Mixed-Use
Price:
Buyer: JAM FRENCHMEN LLC
Elifin’s Notes: A two-building property with 11,400 sq ft of combined space sells in the Marigny area at the corner of North Rampart and Frenchman

2200 Hancock St
2200 Hancock St

Type: Mixed-Use
Price:
Buyer: GRETNA LAND ACQUISITIONS LLC
Elifin’s Notes: Local investor purchases a 1.28 acre parcel of land with a 4,800 sq ft industrial space in the Suburban Park area of Gretna


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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