The Pulse NOLA: Former Burger King sold to Arizona-based group

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

Commercial Sales Recorded Last Week

2212 David Dr
2212 David Dr

Type: Retail
Price: $2,665,000 ($276 / SF)
Buyer: SHORE CAPITAL REAL ESTATES PARTNERS HOLDCO LLC
Elifin’s Notes: Chicago-based real estate company acquires a 9,665 sq ft retail property in the Lelia Place area

2413, 2417-2419, 2425, 2445 Aberdeen St
2413, 2417-2419, 2425, 2445 Aberdeen St

Type: Industrial
Price: $1,000,000 ($82 / SF)
Buyer: KCKB PROPERTIES LLC
Elifin’s Notes: Investment firm purchases an industrial property in the Crestview Office and Industrial Park area with multiple buildings totaling approximately 12,166 sq ft in usable space

4321, 4325 Tchoupitoulas St
4321, 4325 Tchoupitoulas St

Type: Retail
Price: $903,000 ($181 / SF)
Buyer: TCHOUP CHOP L L C
Elifin’s Notes: Local investment group acquires a 5,000 sq ft retail property sitting on 0.25 acres of land in the West Riverside area

317-319 S Lopez St
317-319 S Lopez St

Type: Multifamily
Price: $875,000 ($109,375 / Unit)
Buyer: BLUE ROCK 319 LOPEZ LLC
Elifin’s Notes: Local investors acquire an 8-unit, 3 building, multifamily property, with unit configurations including six 1BR/1BA and two cottages, one studio and one 2BR/1BA, in the Mid-City area

138, 142 Enterprise Dr
138, 142 Enterprise Dr

Type: Industrial
Price: $680,000 ($34 / SF)
Buyer: CRUCIAL REAL ESTATE LLC
Elifin’s Notes: Houma-based investor acquires an approximately 19,737 sq ft multiple building industrial property sitting on 0.89 acres in the Oakdale area in Gretna

5409-5413 Powell St
5409-5413 Powell St

Type: Industrial
Price: $665,500 ($74 / SF)
Buyer: BROUPHY LLC
Elifin’s Notes: Local investors purchase a 9,000 sq ft industrial property with second floor office space with multiple configurations available in the Elmwood Industrial Park area

452 Iris Ave
452 Iris Ave

Type: Mixed-Use
Price: $582,500 ($72,813 / Unit)
Buyer: 452 IRIS LLC
Elifin’s Notes: Baton Rouge-based investment group acquires a mixed use property with 7 residential units, five 1BR/1BA and two efficiency, and one commercial unit with 528 sq ft in office space and 1,120 sq ft in warehouse space in the West Carrollton area

1109 N Al Davis Rd
1109 N Al Davis Rd

Type: Industrial
Price: $550,000 ($89 / SF)
Buyer: ELMWOOD CITRUS LLC
Elifin’s Notes: Local investors purchase a 6,200 sq ft industrial property with two units in the Mounes Elmwood Industrial Park area

4820 Wabash St
4820 Wabash St

Type: Retail
Price: $485,000 ($140 / SF)
Buyer: KNOWLEDGE ENTERPRISES INC
Elifin’s Notes: Local investor purchases a 3,476 sq ft Day Care Center in the Harvard Estates area

2401-2403 Iberville St
2401-2403 Iberville St

Type: Multifamily
Price: $410,000 ($68,333 / Unit)
Buyer: MSY MANAGEMENT LLC
Elifin’s Notes: Local investor purchases a six-unit, three studios, two 2BR/1BA, and one 1BR/1BA, multifamily property in the Mid-City area

650 Leson Ct
650 Leson Ct

Type: Industrial
Price: $375,000 ($45 / SF)
Buyer: SKSS PROPERTIES LLC
Elifin’s Notes: Local investor purchases a three-unit 8,312 sq ft industrial warehouse property in Harvey’s Leson Court subdivision

260 Brooklyn Ave
260 Brooklyn Ave

Type: Retail
Price: $250,000 ($95 / SF)
Buyer: DVL PROPERTIES III LLC
Elifin’s Notes: Local investor purchases a 2,623 retail restaurant property in the West Carrollton area

8338 Willow St
8338 Willow St

Type: Industrial
Price: $233,000 ($219 / SF)
Buyer: JOSKEN II INC
Elifin’s Notes: Local investor acquires a 1,064 warehouse property in the East Carrollton area

2640 Marietta St
2640 Marietta St

Type: Industrial
Price: $219,000 ($52 / SF)
Buyer: VNM CONSTRUCTION COMPANY LLC
Elifin’s Notes: Local investor buys a 4,200 sq ft industrial property with two units in the Bainbridge Office and Industrial Park area

3102 Elysian Fields Ave
3102 Elysian Fields Ave

Type: Retail
Price: Withheld
Buyer: DKS MOTEL LLC
Elifin’s Notes: Arizona-based company acquires a 2,018 sq ft fast food restaurant property in the Dillard area


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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