The Pulse NOLA: Gentilly Carnival Club purchases property on Euphrosine St

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

Commercial Sales Recorded Last Week

4200 Euphrosine St, New Orleans, LA 70125
4200 Euphrosine St, New Orleans, LA 70125

Type: Industrial
Price: $2,850,000 ($68.56 / SF)
Buyer: GENTILLY CARNIVAL CLUB INC
Elifin’s Notes: Gentilly Carnival Club, Inc. has acquired a commercial storage property off of Earhart Boulevard.

1001 S Sibley St, Metairie, LA 70003
1001 S Sibley St, Metairie, LA 70003

Type: Multifamily
Price: $1,365,000 ($85,313 / Unit)
Buyer: RAMI ENTERPRISE 2020 LLC
Elifin’s Notes: A 16-unit multifamily property sells in South Kenner.

7.04 acres Lapalco Blvd, Marrero, LA 70072
7.04 acres Lapalco Blvd, Marrero, LA 70072

Type: Land
Price: $1,300,000 ($4.24 / Land SF)
Buyer: CST LAND DEVELOPERS LLC
Elifin’s Notes: CST Land Developers has purchased a 7+ acre parcel of land on Lapalco Boulevard, next to the United States Postal Service.

3064 LA-1, Grand Isle, LA 70358
3064 LA-1, Grand Isle, LA 70358

Type: Multifamily
Price: $620,000 ($51,667 / Unit)
Buyer: GRAND ISLE BEACH RV PARK LLC
Elifin’s Notes: An RV park property with an onsite office building sells in Grand Isle.

2720 Piedmont St, Kenner, LA 70062
2720 Piedmont St, Kenner, LA 70062

Type: Industrial
Price: $425,000 ($121.26 / SF)
Buyer: Consolidated Investment Properties LLC
Elifin’s Notes: An industrial property trades on Piedmont Street near the Airport.

1301 Williams Blvd, Kenner, LA 70062
1301 Williams Blvd, Kenner, LA 70062

Type: Office
Price: $365,000 ($173.81 / SF)
Buyer: KTN PHARMACY INVESTMENTS LLC
Elifin’s Notes: KTN Pharmacy Investments has acquired an office property near the Airport.

2.14 acres Lapalco Blvd, Marrero, LA 70072
2.14 acres Lapalco Blvd, Marrero, LA 70072

Type: Land
Price: $250,000 ($2.68 / Land SF)
Buyer: CST LAND DEVELOPERS LLC
Elifin’s Notes: CST Land Developers has acquired a 2.1+acre parcel of land.

8600 Chef Menteur Hwy, New Orleans, LA 70127
8600 Chef Menteur Hwy, New Orleans, LA 70127

Type: Retail
Price: $245,000 ($124.18 / SF)
Buyer: FAITH IMPACT MINISTRY INCORPORATED
Elifin’s Notes: Faith Impact Ministry Incorporated has acquired a commercial property next to their current location along Chef Menteur Highway.

5 acres Stanton Rd, New Orleans, LA 70131
5 acres Stanton Rd, New Orleans, LA 70131

Type: Land
Price: $100,000 ($0.46 / Land SF)
Buyer: IMBUE MANAGEMENT GROUP LLC
Elifin’s Notes: Imbue Management Group has acquired a 5 acre parcel of land in New Aurora.

2035 Gentilly Blvd, New Orleans, LA 70119
2035 Gentilly Blvd, New Orleans, LA 70119

Type: Retail
Price: Withheld
Buyer: INFINITY FUELS LLC
Elifin’s Notes: A convenience store/gas station sells at the corner of Paris Avenue & Gentilly Boulevard.


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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