The Pulse NOLA: Former Save A Lot on South Carrollton sells

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

Commercial Sales Recorded Last Week

3021, 3033, 3037 S Carrollton Ave, New Orleans, LA 70118
3021, 3033, 3037 S Carrollton Ave, New Orleans, LA 70118

Type: Retail
Price: $2,575,000 ($164.10 / SF)
Buyer: EARHART SQUARE GROUP LLC
Elifin’s Notes: A property with a grocery store (former Save A Lot) and another retail building sells at South Carrollton Avenue & Earheart Boulevard

905 Royal St, New Orleans, LA 70116
905 Royal St, New Orleans, LA 70116

Type: Hospitality
Price: $1,500,000 ($214,286 / Unit)
Buyer: SUGARCANE SOUTH LLC
Elifin’s Notes: The 7-unit Nine O Five Royal Hotel sells for $1.5 million. $700k for the property, $375k for the movables, and $425k for the hotel licenses and goodwill.

1719 Oretha Castle Haley Blvd, New Orleans, LA 70113
1719 Oretha Castle Haley Blvd, New Orleans, LA 70113

Type: Retail
Price: $735,000 ($247.98 / SF)
Buyer: EFFORTS OF GRACE INC
Elifin’s Notes: The former home to Casa Borrega on OC Haley sells to Efforts of Grace Inc.

3101 Bruxelles St, New Orleans, LA 70119
3101 Bruxelles St, New Orleans, LA 70119

Type: Retail
Price: $552,400 ($78.96 / SF)
Buyer: T & J REALTY GROUP LLC
Elifin’s Notes: An event space changes hands near the Fairgrounds

1623 Saint Ann St, New Orleans, LA 70116
1623 Saint Ann St, New Orleans, LA 70116

Type: Retail
Price: $485,000 ($167.82 / SF)
Buyer: 1623 ST ANN PROPERTY LLC
Elifin’s Notes: A bar/lounge with a 2BR apartment attached sells in Treme

4855 General Meyer Ave, New Orleans, LA 70131
4855 General Meyer Ave, New Orleans, LA 70131

Type: Retail
Price: $365,000 ($201.88 / SF)
Buyer: MMMS TRUST
Elifin’s Notes: A Domino’s Pizza location sells in Algiers

715 Aurora Ave, Metairie, LA 70005
715 Aurora Ave, Metairie, LA 70005

Type: Retail
Price: $335,000 ($147.71 / SF)
Buyer: AURORA STREET LLC
Elifin’s Notes: A retail property sells on Aurora Avenue

2404 Simon Bolivar Ave, New Orleans, LA 70113
2404 Simon Bolivar Ave, New Orleans, LA 70113

Type: Retail
Price: $195,000 ($84.93 / SF)
Buyer: ENOLA PROPERTY LLC
Elifin’s Notes: The Harold’s Barber & Snack Shop property sells near Al Davis Park

4202 Almonaster Ave, New Orleans, LA 70126
4202 Almonaster Ave, New Orleans, LA 70126

Type: Industrial
Price: Withheld
Buyer: BNL H&E Portfolio LLC
Elifin’s Notes: Broadstone Net Lease, a New York-based investment company, purchases the H&E Equipment facility on Almonaster Avenue.

6240 Lapalco Blvd, Marrero, LA 70072
6240 Lapalco Blvd, Marrero, LA 70072

Type: Retail
Price: Withheld
Buyer: FT LA PORTFOLIO OWNER LLC
Elifin’s Notes: This is one of two Daquiri Shops that sold to FT LA Portfolio Owner LLC

620 Terry Pkwy, Terrytown, LA 70056
620 Terry Pkwy, Terrytown, LA 70056

Type: Retail
Price: Withheld
Buyer: FT LA PORTFOLIO OWNER LLC
Elifin’s Notes: This is one of two Daquiri Shops that sold to FT LA Portfolio Owner LLC


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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