The Pulse NOLA: Gretna office building sells for 2.7mm

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

Commercial Sales Recorded Last Week

2550 Belle Chasse Hwy
2550 Belle Chasse Hwy

Type: Office
Price: $2,700,000 ($60.00 / SF)
Buyer: GRETNA OFFICE COMPLEX LLC
Elifin’s Notes: Office building property sells in Gretna along the Belle Chasse Highway

2509 Houma Blvd
2509 Houma Blvd

Type: Multifamily
Price: $1,220,000 ($101,667 / Unit)
Buyer: GRAYSTONE MANOR LLC
Elifin’s Notes: The Greystone Manor Apartments sell in the Suburban Villa area

6318 Jefferson Hwy
6318 Jefferson Hwy

Type: Retail
Price: $860,000 ($198.02 / SF)
Buyer: GSHCM HOLDINGS LLC
Elifin’s Notes: Former bank building sells in the Harahan City area

1339 27th St
1339 27th St

Type: Industrial
Price: $400,000 ($90.07 / SF)
Buyer: MONDEBELLO SHANA
Elifin’s Notes: Industrial property sells within the Brainbridge Office & Industrial Park

3019 Martin Luther King Jr Blvd
3019 Martin Luther King Jr Blvd

Type: Retail
Price: $375,000 ($196.54 / SF)
Buyer: EXPRESS PROPERTIES LLC
Elifin’s Notes: Luling-based investors purchase a retail property on two parcels in the B.W. Cooper area

5631101 Old Gentilly Rd
5631101 Old Gentilly Rd

Type: Land
Price: $185,000 ($0.46 / Land SF)
Buyer: TURTLE BAY ENTERPRISES LLC
Elifin’s Notes: Local owner purchases a neighboring vacant parcel of land along Old Gentilly Road in the Viavant/Venetian Isles area

2955 Ridgelake Dr, Unit 208
2955 Ridgelake Dr, Unit 208

Type: Office
Price: $145,000 ($137.57 / SF)
Buyer: CBMK COMPANY LLC
Elifin’s Notes: An office condominium unit sells along Ridgelake Drive within the Commerce Court complex


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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