The Pulse NOLA: Former Walgreens property sold for over 3 million

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

Commercial Sales Recorded Last Week

1544 Manhattan Blvd, Harvey, LA 70058
1544 Manhattan Blvd, Harvey, LA 70058

Type: Retail
Price: $3,398,000 ($234.51 / SF)
Buyer: 1544 MANHATTAN HOLDINGS LLC
Elifin’s Notes: Former Walgreens drug store retail property sells along Manhattan Boulevard.

6218 Arts St, New Orleans, LA 70122
6218 Arts St, New Orleans, LA 70122

Type: Multifamily
Price: $2,900,000 ($103,571 / Unit)
Buyer: NOLAN AT GENTILLY LLC
Elifin’s Notes: A multifamily property with 28 units, all 2BR/1.5BA, sells in Gentilly

615 Veterans Memorial Blvd, Metairie, LA 70005
615 Veterans Memorial Blvd, Metairie, LA 70005

Type: Retail
Price: $2,558,000 ($614.31 / SF)
Buyer: KEESLER FEDERAL CREDIT UNION
Elifin’s Notes: A retail property with a four bay drive-thru sells in Metairie

439 Philip St, New Orleans, LA 70130
439 Philip St, New Orleans, LA 70130

Type: Industrial
Price: $1,151,500 ($130.85 / SF)
Buyer: BOUGIE FRUIT LLC
Elifin’s Notes: An industrial flex space sells near Jackson Avenue near the River

1336 Stumpf Blvd, Gretna, LA 70053
1336 Stumpf Blvd, Gretna, LA 70053

Type: Retail
Price: $1,100,000 ($845.50 / SF)
Buyer: P&C GRIFFIN SERVICES LLC
Elifin’s Notes: A car wash retail sells along Stumpf Boulevard.

4412 Lake Vista Dr, Metairie, LA 70006
4412 Lake Vista Dr, Metairie, LA 70006

Type: Multifamily
Price: $1,050,000 ($131,250 / Unit)
Buyer: MICHAELS PROPERTY MANAGEMENT LLC
Elifin’s Notes: Through two separate transactions, a pair of fourplexes, totaling 8-units, sell in Metairie.

6550 Park Manor Dr, Metairie, LA 70003
6550 Park Manor Dr, Metairie, LA 70003

Type: Office
Price: $1,050,000 ($115.38 / SF)
Buyer: LOUISIANA POSTAL HOLDINGS LLC
Elifin’s Notes: The post office on Park Manor Drive sells

150 Westbank Expy, Westwego, LA 70094
150 Westbank Expy, Westwego, LA 70094

Type: Retail
Price: $323,000 ($165.64 / SF)
Buyer: HOANG THI T M
Elifin’s Notes: A convenience store sells along the Westbank Expressway in Westwego

420 Avenue D, Marrero, LA 70072
420 Avenue D, Marrero, LA 70072

Type: Retail
Price: $295,000 ($75.22 / SF)
Buyer: COMBEL JOHN
Elifin’s Notes: A retail shop sells along Avenue D near 4th Street in Marrero

6143 Chef Menteur Hwy, New Orleans, LA 70126
6143 Chef Menteur Hwy, New Orleans, LA 70126

Type: Land
Price: $205,000 ($1.97 / Land SF)
Buyer: HL FAMILY INVESTMENT INC
Elifin’s Notes: A 2.3+ vacant parcel of land sells along Chef Menteur Highway

324 3rd St, Kenner, LA 70062
324 3rd St, Kenner, LA 70062

Type: Retail
Price: $175,000 ($30.91 / SF)
Buyer: KENNER PROPERTIES LLC
Elifin’s Notes: A retail convenience store property sells on 3rd Street in Kenner

2000, 2004 Claire Ave, Gretna, LA 70053
2000, 2004 Claire Ave, Gretna, LA 70053

Type: Retail
Price: $170,000 ($77.27 / SF)
Buyer: TOUPS NORMAN J JR
Elifin’s Notes: A retail property with two structures sells along Claire Avenue in Gretna

3500 Magazine St, New Orleans, LA 70115
3500 Magazine St, New Orleans, LA 70115

Type: Mixed-Use
Price: Withheld
Buyer: OLD HOUSE INVESTMENTS L L C
Elifin’s Notes: A mixed-use retail & residential property sells at Magazine and Aline Streets


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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