The Pulse NOLA: Gayle Benson-backed entity purchases property

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

Commercial Sales Recorded Last Week

4123 Downman Rd; 5920 Alost St, New Orleans, LA 70126
4123 Downman Rd; 5920 Alost St, New Orleans, LA 70126

Type: Mixed-Use
Price: $1,250,000 ($81.97 / SF)
Buyer: ALOST AND DOWNMAN LLC
Elifin’s Notes: A mixed-use property featuring office space and apartments changes ownership on Downman Road.

114, 116 Baronne St, New Orleans, LA 70112
114, 116 Baronne St, New Orleans, LA 70112

Type: Retail
Price: $800,000 ($151.06 / SF)
Buyer: NABUT BROTHERS LLC
Elifin’s Notes: A retail property changes ownership in Storyville.

1141 Oretha Castle Haley Blvd, New Orleans, LA 70113
1141 Oretha Castle Haley Blvd, New Orleans, LA 70113

Type: Specialty
Price: $740,000 ($38.47 / SF)
Buyer: MISSION PROPERTIES FOUNDATION
Elifin’s Notes: A church property and adjacent building sell together on Oretha Castle Haley Boulevard.

310 9th St, Gretna, LA 70053
310 9th St, Gretna, LA 70053

Type: Multifamily
Price: $720,000 ($90,000 / Unit)
Buyer: 315 9TH LLC
Elifin’s Notes: An 8-unit multifamily property sells in Gretna.

2311 Marietta St, Kenner, LA 70062
2311 Marietta St, Kenner, LA 70062

Type: Industrial
Price: $650,000 ($72.22 / SF)
Buyer: 2311 MARIETTA AVENUE LLC
Elifin’s Notes: An industrial property sells near the Airport in Kenner.

2114 Toledano St, New Orleans, LA 70115
2114 Toledano St, New Orleans, LA 70115

Type: Multifamily
Price: $650,000 ($81,250 / Unit)
Buyer: TOLEDANO STREET 8 LLC
Elifin’s Notes: An 8-unit multifamily property changes hands on Toledano Street.

2321 Fayette Street, Kenner, LA 70062
2321 Fayette Street, Kenner, LA 70062

Type: Industrial
Price: $450,000 ($90.00 / SF)
Buyer: Future Property Investments, L.L.C.
Elifin’s Notes: An industrial property sells just north of the Airport in Kenner.

2603, 2609, 2613-2615 Jasmine St, New Orleans, LA 70122
2603, 2609, 2613-2615 Jasmine St, New Orleans, LA 70122

Type: Retail
Price: $260,000 ($118.07 / SF)
Buyer: JAS TEAM LLC
Elifin’s Notes: A retail property and parking lot sell together on Jasmine Street.

51 Foundry Rd, Westwego, LA 70094
51 Foundry Rd, Westwego, LA 70094

Type: Land
Price: $249,076 ($0.13 / Land SF)
Buyer: LUDWIG BUILDINGS ENTERPRISES LLC
Elifin’s Notes: A 45+ acre parcel of commercial land sells on Foundry Road.

3104-3124 Downs Blvd, Metairie, LA 70003
3104-3124 Downs Blvd, Metairie, LA 70003

Type: Retail
Price: Withheld
Buyer: DOWNS BLVD INVESTMENTS LLC
Elifin’s Notes: A two-suite retail property changes ownership on Downs Boulevard.

700, 728 Blair Ave, Kenner, LA 70062
700, 728 Blair Ave, Kenner, LA 70062

Type: Multifamily
Price: Withheld
Buyer: AIRLINE OAKS MHP LLC
Elifin’s Notes: A New York-based company purchases a 107-unit mobile home park on Blair Avenue.

1032 St Charles Ave, New Orleans, LA 70130
1032 St Charles Ave, New Orleans, LA 70130

Type: Retail
Price: Withheld
Buyer: GMB PROPERTIES 1032 ST CHARLES LLC
Elifin’s Notes: A Gayle Benson backed entity made two purchases this past week for three properties on Harmony Circle; this one was for the former home of The Circle Bar.

944, 1014 St Charles Ave, New Orleans, LA 70130
944, 1014 St Charles Ave, New Orleans, LA 70130

Type: Office
Price: Withheld
Buyer: GMB PROPERTIES 944 ST CHARLES LLC
Elifin’s Notes: A Gayle Benson backed entity made two purchases this past week for three properties on Harmony Circle; this one was for an office property and nearly a half acre of vacant commercial land.

511 Esplanade Ave, New Orleans, LA 70116
511 Esplanade Ave, New Orleans, LA 70116

Type: Multifamily
Price: Withheld
Buyer: 511 ESPLANADE AVENUE DE LLC
Elifin’s Notes: A 10-unit multifamily property changes hands on Esplanade Avenue.


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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