The Pulse NOLA: French Quarter mixed-use property sells for 2.7mm

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

Commercial Sales Recorded Last Week

201 Decatur St, New Orleans, LA 70130
201 Decatur St, New Orleans, LA 70130

Type: Retail
Price: $2,700,000 ($330.60 / SF)
Buyer: BUTTERFIELDS BUTTER LLC
Elifin’s Notes: A mixed-use property sells at the corner of Decatur Street and Iberville Street in the French Quarter

9601 Jefferson Hwy, New Orleans, LA 70121
9601 Jefferson Hwy, New Orleans, LA 70121

Type: Retail
Price: $2,084,000 ($577.61 / SF)
Buyer: MCDONALDS REAL ESTATE CO
Elifin’s Notes: McDonald’s Real Estate Company purchases a restaurant property in which they occupy at the corner of Jefferson Highway and Midway Drive

614 Tchoupitoulas St, New Orleans, LA 70130
614 Tchoupitoulas St, New Orleans, LA 70130

Type: Office
Price: $1,575,000 ($253.01 / SF)
Buyer: NEXT GENERATION LOGISTICS LLC
Elifin’s Notes: Local maritime service firm purchases an office property on Tchoupitoulas in the CBD

2601 Lexington Ave, Kenner, LA 70062
2601 Lexington Ave, Kenner, LA 70062

Type: Industrial
Price: $1,200,000 ($73.62 / SF)
Buyer: 2601 LEXINGTON LLC
Elifin’s Notes: Local investors purchase a three-suite industrial flex property within the Bainbridge Office & Industrial Park

1720 Saint Charles Ave, New Orleans, LA 70130
1720 Saint Charles Ave, New Orleans, LA 70130

Type: Retail
Price: $800,000 ($168.24 / SF)
Buyer: PIQUERY LLC
Elifin’s Notes: A pair of local investors purchase the property at 1720 Saint Charles Avenue, street-level retail with an upstairs apartment, in the Lower Garden District

1230 Veterans Blvd, Kenner, LA 70062
1230 Veterans Blvd, Kenner, LA 70062

Type: Industrial
Price: $525,000 ($152.17 / SF)
Buyer: 13 STRIPES PROPERTIES LLC
Elifin’s Notes: Local investors purchase a 0.5+ acre lot with a warehouse improvement on Veterans near the Airport

3450 Kabel Dr, New Orleans, LA 70131
3450 Kabel Dr, New Orleans, LA 70131

Type: Retail
Price: $500,000 ($245.10 / SF)
Buyer: MAA PROPERTIES LLC
Elifin’s Notes: Local investors purchase the Tiger Mart gas station/convenience store in Algiers

5621 Read Blvd, New Orleans, LA 70127
5621 Read Blvd, New Orleans, LA 70127

Type: Office
Price: $475,000 ($69.85 / SF)
Buyer: CHILDRENS PALACE LEARNING ACADEMY LLC
Elifin’s Notes: Children’s Palace Learning Academy purchases the office property, two buildings, next door to one of their two facilities on Read Boulevard

1848 Commercial Dr, Harvey, LA 70058
1848 Commercial Dr, Harvey, LA 70058

Type: Industrial
Price: $370,000 ($67.27 / SF)
Buyer: RSSM ENTERPRISES LLC
Elifin’s Notes: An industrial flex building changes hands within the Lapalco Commercial Park in Harvey

3105 David Dr, Metairie, LA 70003
3105 David Dr, Metairie, LA 70003

Type: Retail
Price: $250,200 ($208.50 / SF)
Buyer: Nguyen Phuong T N
Elifin’s Notes: A California-based investor purchases a dwelling converted retail property near the intersection of David Drive and Veterans Boulevard in Metairie

2901 Allen St, New Orleans, LA 70119
2901 Allen St, New Orleans, LA 70119

Type: Industrial
Price: $250,000 ($67.02 / SF)
Buyer: MAGIC PRODUCTIONS LLC
Elifin’s Notes: An industrial warehouse property changes hands in the St. Roch area

10054 I-10 Service Rd (Unit 2-A), New Orleans, LA 70127
10054 I-10 Service Rd (Unit 2-A), New Orleans, LA 70127

Type: Specialty
Price: $139,000 ($31.82 / SF)
Buyer: EAGLE POINT INTERNATIONAL COMMUNITY FAMILY WORSHIP CHURCH
Elifin’s Notes: Eagle Point International Community Family Worship Church purchases a religious facility property that is part of a condominium regime over the land on which it sits.

2300 Tifton St, Kenner, LA 70062
2300 Tifton St, Kenner, LA 70062

Type: Industrial
Price: $122,800 ($21.65 / SF)
Buyer: HANNIA PROPERTIES LLC
Elifin’s Notes: A local investor purchases an industrial flex property in Kenner

2201 Alamo Ave, Harvey, LA 70058
2201 Alamo Ave, Harvey, LA 70058

Type: Land
Price: $120,000 ($91.83 / Land SF)
Buyer: STOICS ENTERPRISE LLC
Elifin’s Notes: A local entity purchases 0.2+ acres of vacant commercial land in Harvey

3621 Veterans Blvd, Metairie, LA 70002
3621 Veterans Blvd, Metairie, LA 70002

Type: Office
Price: Withheld
Buyer: HAJOM LLC
Elifin’s Notes: An office property sells along Veterans Memorial Boulevard in Jefferson

3525 Prytania St (Unit 312), New Orleans, LA 70115
3525 Prytania St (Unit 312), New Orleans, LA 70115

Type: Office
Price: Withheld
Buyer: 3525 PRYTANIA LLC
Elifin’s Notes: A condominium unit changes hands within the Touro medical office building on Prytania Street


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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