The Pulse NOLA: Holiday Inn Express near MSY Airport sells

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

Commercial Sales Recorded Last Week

1801 32nd St
1801 32nd St

Type: Hospitality
Price: $9,800,000 ($93,333 / Unit)
Buyer: VIVEK&JAY LA LLC
Elifin’s Notes: Local investor acquires the Holiday Inn Express – Kenner New Orleans Airport property, with 105 rooms, in the Highway Park area

744, 748 Camp St, New Orleans, LA 70130
744, 748 Camp St, New Orleans, LA 70130

Type: Mixed-Use
Price: $2,250,000 ($101 / SF)
Buyer: 748 ZEN ASSOCIATES LLC
Elifin’s Notes: Virginia-based firm acquires two lots along Camp Street in the CBD. One contains a 5,454 sf parking structure and the other holds a four-story 16,872 sf building, with a restaurant, multi-use space, two residential lofts, and an office

1420 Lapalco Blvd
1420 Lapalco Blvd

Type: Land
Price: $1,170,000 ($11.83 / Land SF)
Buyer: BUSINESS PROPERTY LLC
Elifin’s Notes: Local investor purchases 2.27 acres of undeveloped land in the Oakdale area

3230 Metairie Rd
3230 Metairie Rd

Type: Office
Price: $900,000 ($450,000 / Unit)
Buyer: 3230 METAIRIE ROAD LLC
Elifin’s Notes: Local investor acquires a one-story 2,029 sq ft office and residential building along Metairie Road in the Harlem area. The office unit has 773 sq ft of space and the residential portion, containing 2BR/2BA, has 1,256 sq ft of space

1829 Sophie Wright Pl, 1143 St Mary St
1829 Sophie Wright Pl, 1143 St Mary St

Type: Mixed-Use
Price: $880,000 ($183 / SF)
Buyer: 927 929 THIRD ST LLC
Elifin’s Notes: Local investor acquires the 4,814 sq ft mixed-use, retail and office, property with the highlight tenant being Hi-Volt Coffee in the Lower Garden District area

3632 Florida Ave
3632 Florida Ave

Type: Industrial
Price: $425,000 ($114 / SF)
Buyer: HENKEN PROPERTIES LLC
Elifin’s Notes: Local investors purchase a property with 3,712 sq ft of office and warehouse space in the Highway Park area of Kenner

3050 General Collins Ave
3050 General Collins Ave

Type: Retail
Price: $230,000 ($91 / SF)
Buyer: WILLIAMS DENISE M
Elifin’s Notes: Slidell-based investor purchases a 2,520 sq ft property currently used as a Day Care Center in the Algiers area

1614 Bridge City Ave
1614 Bridge City Ave

Type: Retail
Price: $215,000 ($69 / SF)
Buyer: KGR ACADEMY LLC
Elifin’s Notes: Local investor purchases a property with 3,100 sq ft of usable space, currently being used as a Day Care Center in the Belt Bridge area of Westwego


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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