The Pulse NOLA: Former Federal Reserve building sells in CBD

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

Commercial Sales Recorded Last Week

147 Carondelet St, New Orleans, LA 70112
147 Carondelet St, New Orleans, LA 70112

Type: Office
Price: $3,500,000 ($83.49 / SF)
Buyer: OLD FEDERAL RESERVE LLC
Elifin’s Notes: The former Federal Reserve branch building sells in the CBD.

1820 L and A Rd, Metairie, LA 70001
1820 L and A Rd, Metairie, LA 70001

Type: Industrial
Price: $1,715,000 ($107.19 / SF)
Buyer: FOUR RIVERS PROPERTIES LLC
Elifin’s Notes: An industrial property changes ownership on L and A Road off of Airline Highway.

2631 S Claiborne Ave, New Orleans, LA 70125
2631 S Claiborne Ave, New Orleans, LA 70125

Type: Retail
Price: $750,000 ($119.05 / SF)
Buyer: MCMILLIANS FIRST STEPS COMMUNITY DEVELOPMENT CORPORATION
Elifin’s Notes: An Advance Auto Parts occupied property changes ownership on South Clairborne Avenue.

314, 316, 318 Robinson Ave, Marrero, LA 70072
314, 316, 318 Robinson Ave, Marrero, LA 70072

Type: Multifamily
Price: $600,000 ($50,000 / Unit)
Buyer: ROBINSON AVE LLC
Elifin’s Notes: A three building, 12-unit multifamily property sells in Marrero.

2801 Athania Pkwy, Metairie, LA 70002
2801 Athania Pkwy, Metairie, LA 70002

Type: Industrial
Price: $530,000 ($185.25 / SF)
Buyer: SPENCER FAMILY HOLDINGS LLC
Elifin’s Notes: An industrial warehouse with office space sells off of Veterans Boulevard on Athania Parkway.

5021 Fairfield St, Metairie, LA 70006
5021 Fairfield St, Metairie, LA 70006

Type: Office
Price: $466,500 ($126.08 / SF)
Buyer: CONTINENTAL PLAZA LLC
Elifin’s Notes: A two-story office property trades in Metairie.

2727 Virginia St, Kenner, LA 70062
2727 Virginia St, Kenner, LA 70062

Type: Industrial
Price: $358,000 ($74.54 / SF)
Buyer: FUTURE PROPERTY INVESTMENTS LLC
Elifin’s Notes: An industrial property trades on Virginia Street near the Airport.

3525 Prytania St (Unit 514), New Orleans, LA 70115
3525 Prytania St (Unit 514), New Orleans, LA 70115

Type: Office
Price: $210,000 ($190.39 / SF)
Buyer: FERNDOCK LLC
Elifin’s Notes: A medical office condo sells within the Touro LCMC Health building.

2955 Ridgelake Dr (Unit 103), Metairie, LA 70002
2955 Ridgelake Dr (Unit 103), Metairie, LA 70002

Type: Office
Price: $175,000 ($175.00 / SF)
Buyer: SPA2GEAUX LLC
Elifin’s Notes: Spa2Gaeux LLC, acquires an office unit off of North Causeway Boulevard.

6850 Bundy Rd, New Orleans, LA 70127
6850 Bundy Rd, New Orleans, LA 70127

Type: Land
Price: $160,000 ($3.54 / Land SF)
Buyer: LEWIS GARY PATRICK
Elifin’s Notes: A 1+ acre parcel of commercial land sells off of the I-10 Service Road in the West Lake Forest area.

21130, 21140 Chef Menteur Hwy, New Orleans, LA 70129
21130, 21140 Chef Menteur Hwy, New Orleans, LA 70129

Type: Land
Price: $100,000 ($0.43 / Land SF)
Buyer: SERENITY LAKE RETREAT L L C
Elifin’s Notes: Serenity Lake Retreat LLC acquires two adjacent parcels of vacant land totaling 5.3+ acres on Chef Menteur Highway.


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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