30 Dec The Pulse NOLA: Former Winn-Dixie property in Algiers sells for 8.1mm

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

Commercial Sales Recorded Last Week

3008 Holiday Dr, New Orleans, LA 70131

Type: Retail
Price: $8,100,000 ($127.29 / SF)
Buyer: ROYALE WINN NOLA LLC
Elifin’s Notes: A Florida-based entity acquires the former Winn-Dixie property in Algiers.

613, 635, 641 Baronne St, New Orleans, LA 70113

Type: Office
Price: $2,400,000 ($93.39 / SF)
Buyer: 615 BARONNE ST LLC
Elifin’s Notes: An office property with a non-contiguous parking lot changes ownership on Baronne Street.

6700, 6740, 6780 Bundy Rd, New Orleans, LA 70127

Type: Multifamily
Price: $2,050,000 ($42,708 / Unit)
Buyer: STONE TEMPLE PROPERTIES LLC
Elifin’s Notes: The Bundy Apartments, consisting of 48-units, changes ownership.

1423 Whitney Ave, Gretna, LA 70056

Type: Office
Price: $1,400,000 ($111.73 / SF)
Buyer: MOTHE FUNERAL HOMES LLC
Elifin’s Notes: An office property with a warehouse, sitting on an oversized lot of 1.6+ acres, changes hands on Whitney Avenue.

333 River Rd, Jefferson, LA 70121

Type: Industrial
Price: $1,300,000 ($173.33 / SF)
Buyer: 333 RIVER ROAD LOFTS LLC
Elifin’s Notes: An industrial property with office and warehouse space, sitting on 2.75+ acres, sells in Jefferson.

1941 Dauphine St, New Orleans, LA 70116

Type: Mixed-Use
Price: $1,100,000 ($87.30 / SF)
Buyer: CAMBRONNE REAL ESTATE L L C
Elifin’s Notes: Cambronne Real Estate acquires a mixed-use property, formerly utilized as a community center.

4601 Alcee Fortier Blvd, New Orleans, LA 70129

Type: Retail
Price: $500,000 ($84.23 / SF)
Buyer: NGOC ANH TRAN LLC
Elifin’s Notes: A two-story, multi-tenant retail property changes hands on Alcee Fortier Boulevard.

1505 River Oaks Rd E, New Orleans, LA 70123

Type: Industrial
Price: $490,000 ($98.00 / SF)
Buyer: ARENA FIRE PROTECTION INC
Elifin’s Notes: Local investor purchases an industrial building in the Elmwood Business Park area.

743 Terry Pkwy, Terrytown, LA 70056

Type: Office
Price: $360,000 ($133.33 / SF)
Buyer: TPARKWAY LLC
Elifin’s Notes: A dental office sells at the corner of Terry Parkway and Harvard Avenue.

4623 Laine Ave, New Orleans, LA 70126

Type: Hospitality
Price: $350,000 ($29,167 / Unit)
Buyer: PROPERTYDOC LLC
Elifin’s Notes: A commercial property, utilized as a private boarding house, changes ownership on Laine Avenue.

4911 S Front St, New Orleans, LA 70115

Type: Mixed Portfolio
Price: Withheld
Buyer: 4920 ARNI INVESTMENTS L L C
Elifin’s Notes: A unique collection of buildings, currently operated as a pet daycare, sells off of Tchoupitoulas Street.

6400 Riverside Dr, Metairie, LA 70003

Type: Self-Storage
Price: Withheld
Buyer: LAU4208ME GP LLC
Elifin’s Notes: A Canadian-based entity purchases this storage facility as part of a larger series of purchases made this past week.

919 Erato St, New Orleans, LA 70130

Type: Self-Storage
Price: Withheld
Buyer: LAU4208ME GP LLC
Elifin’s Notes: A Canadian-based entity purchases 4 storage facilities, located on Erato St, N I-10 Service Rd W, Lapalco Blvd, and Manhattan Blvd, in addition to purchasing two other storage facilities this past week.

3301 N Causeway Blvd, Metairie, LA 70002

Type: Self-Storage
Price: Withheld
Buyer: LAU4208ME GP LLC
Elifin’s Notes: A Canadian-based entity purchases this two-building storage facility as part of a larger series of purchases made this past week.

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.