The Pulse NOLA: Former Southeastern Freight Lines distribution property sells

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

Commercial Sales Recorded Last Week

1525 Sams Ave
1525 Sams Ave

Type: Industrial
Price: $4,500,000 ($264.71 / SF)
Buyer: 1525 SAMS AVE HOLDINGS LLC
Elifin’s Notes: The owners of Ludwig Buildings purchase the industrial distribution property in Elmwood, formerly occupied by Southeastern Freight Lines as it moves to their new facility in Destrehan

7500 Chef Menteur Hwy
7500 Chef Menteur Hwy

Type: Multifamily
Price: $1,300,000 ($41,935 / Unit)
Buyer: 7500 CHEF LLC
Elifin’s Notes: The 3 Oaks and A Pine RV Park sells in the Viavant/Venetian Isles area

2215 Veterans Memorial Blvd
2215 Veterans Memorial Blvd

Type: Retail
Price: $970,000 ($114.79 / SF)
Buyer: AMERICAN RELIEF GROUP LLC
Elifin’s Notes: Neighboring business owner purchases the adjoining property consisting of a retail type building and a warehouse in the Highway Park area

3109 18th Street
3109 18th Street

Type: Retail
Price: $900,000 ($284.72 / SF)
Buyer: TTG LLC
Elifin’s Notes: Local investor purchases a retail property in the Harlem Avenue area

521 S Al Davis Rd
521 S Al Davis Rd

Type: Industrial
Price: $637,500 ($123.74 / SF)
Buyer: GKB HAMMOND LLC
Elifin’s Notes: Local group purchases an industrial property within the Mounes Division of the Elmwood Industrial Park

7001 Canal Blvd
7001 Canal Blvd

Type: Specialty
Price: $575,000 ($101.63 / SF)
Buyer: WELLSPRING INC
Elifin’s Notes: The Korean Presbyterian occupied specialty facility property sells in the Lakeview area

1908 Airline Dr
1908 Airline Dr

Type: Retail
Price: $535,000 ($245.19 / SF)
Buyer: HYBRID HOLDINGS LLC
Elifin’s Notes: A pair of local investors purchase an automotive repair retail property in the Pierre Volant Labarre Plantation area

4712 Trenton St
4712 Trenton St

Type: Industrial
Price: $361,520 ($118.69 / SF)
Buyer: John J Dugas Jr
Elifin’s Notes: Local investor purchases an industrial property in the Pontchartrain Gardens area of Metairie

1525 Lapalco Blvd, Unit 25
1525 Lapalco Blvd, Unit 25

Type: Office
Price: $130,000 ($130.00 / SF)
Buyer: Mohammad A Hammad
Elifin’s Notes: Local investor purchases an office condo property within the Timberstone Shopping Center

200 Plantation Rd
200 Plantation Rd

Type: Industrial
Price: Withheld
Buyer: JRH INVESTMENTS II LLC
Elifin’s Notes: A pair of local investors purchase a two building industrial property in the Elmwood area

620 Vouray Dr
620 Vouray Dr

Type: Multifamily
Price: Withheld
Buyer: Vouray, LLC
Elifin’s Notes: Local investor purchases a multifamily portfolio consisting of 4 fourplexes.

 


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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