The Pulse NOLA: French Quarter property purchased by Bevolo Gas & Electric Lights

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

Commercial Sales Recorded Last Week

520 Conti Street, New Orleans, LA 70130
520 Conti St, New Orleans, LA 70130

Type: Multifamily
Price: $1,100,000 ($220,000 / Unit)
Buyer: BEVOLO GAS & ELECTRIC LIGHTS LLC
Elifin’s Notes: Bevolo Gas & Electric Lights acquires a commercial property within the French Quarter on Conti Street

3308 Washington Ave, New Orleans, LA 70125
3308 Washington Ave, New Orleans, LA 70125

Type: Multifamily
Price: $615,200 ($30,760 / Unit)
Buyer: ESHEL PROPERTIES LLC
Elifin’s Notes: A California-based entity acquires a 20-unit multifamily property, all units are 1BR/1BA with window A/C units, in Central City

2225 Greenwood St, Kenner, LA 70062
2225 Greenwood St, Kenner, LA 70062

Type: Industrial
Price: $530,000 ($98.15 / SF)
Buyer: Greenwood 2225, LLC
Elifin’s Notes: A newly constructed industrial property sells two blocks away from the Airport in Kenner

3536 N Causeway Blvd, Metairie, LA 70002
3536 N Causeway Blvd, Metairie, LA 70002

Type: Land
Price: $500,000 ($32.96 / Land SF)
Buyer: 3536 N CAUSEWAY BLVD LLC
Elifin’s Notes: Local individual purchases 0.3+ acres of land, with a small improvement, at the corner of Esplanade Avenue and North Causeway Boulevard

Lot 21-B Dealers Ave, Elmwood, LA 70123
Lot 21-B Dealers Ave, Elmwood, LA 70123

Type: Land
Price: $140,000 ($15.54 / Land SF)
Buyer: TCPIPV4 LLC
Elifin’s Notes: A local company, near their current headquarters, purchases a vacant parcel of land within the Elmwood Industrial Park

0.16 Kingston Street, Kenner, LA 70062
0.16 Kingston St, Kenner, LA 70062

Type: Land
Price: $120,000 ($16.62 / Land SF)
Buyer: CHARMONT LLC
Elifin’s Notes: A local entity purchases 0.1+ acres of vacant land within the Crestview Office & Industrial Park in Kenner

3939 Houma Boulevard Units 3-F, 3-G, Metairie, LA 70006
3939 Houma Blvd
Units 3-F, 3-G, Metairie, LA 70006

Type: Office
Price: Withheld
Buyer: METAIRIE DENTAL HEALTH LLC
Elifin’s Notes: A pair of units within the Doctors Row Condominiums change hands in Metairie


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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