The Pulse NOLA: Howard Tower sells for 8.3mm

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

Commercial Sales Recorded Last Week

1000 Howard Ave
1000 Howard Ave

Type: Mixed-Use
Price: $8,300,000 ($98 / SF)
Buyer: 1000 HOWARD LLC
Elifin’s Notes: Lafayette-based investors purchase the 1000 Howard Building, 12 stories, plus basement, comprising 84,466 sq ft in office space.

4717 Airline Dr
4717 Airline Dr

Type: Retail
Price: $2,105,000 ($356 / SF)
Buyer: CARONNA DEVELOPMENT LLC
Elifin’s Notes: Local investors purchase an approximately 5,920 sq ft retail space in the Bridgedale area of Metairie.

4403 Canal St
4403 Canal St

Type: Mixed-Use
Price: $1,585,000 ($161 / SF)
Buyer: NAMI NEW ORLEANS INC
Elifin’s Notes: Local non-profit purchases the former Ronald McDonald House location along Canal St in the Mid-City area. The building is three floors, 9,821 sq ft, of combined bedrooms, office space and community kitchen.

410 Dauphine St
410 Dauphine St

Type: Mixed-Use
Price: $1,300,000 ($216,667 / Unit)
Buyer: 410 DAUPHINE LLC
Elifin’s Notes: Investors purchase a French Quarter multifamily property, three units with 1BR/1BA and two units with 2BR/1BA, with an additional 798 sq ft retail space.

402 Felicity St
402 Felicity St

Type: Retail
Price: $750,000 ($238 / SF)
Buyer: ADVOCACY PARTNERS LLC
Elifin’s Notes: Local investors purchase a 3,157 sq ft office or live/work property in the Lower Garden District area.

2329 Brooklyn Ave; 2316 Velva Ave
2329 Brooklyn Ave; 2316 Velva Ave

Type: Industrial
Price: $387,500 ($89 / SF)
Buyer: John Anders, Stephanie Fahringer Anders
Elifin’s Notes: Local investors purchase a 4,334 sq ft industrial building in the South New Orleans area.

2635 General Taylor St, 3816, 3820 Magnolia St
2635 General Taylor St, 3816, 3820 Magnolia St

Type: Retail
Price: $331,000 ($150 / SF)
Buyer: 2635 GENERAL TAYLOR LLC
Elifin’s Notes: Local investors purchase a 2,208 sq ft restaurant and bar property in the Milan area.

2137 Belle Chasse Hwy
2137 Belle Chasse Hwy

Type: Land
Price: $225,000 ($4.70 / Land SF)
Buyer: UBA LLC
Elifin’s Notes: Local organization purchases a 1.1 acre parcel of land in the Oakdale area of Terrytown.

1126 Avenue H
1126 Avenue H

Type: Industrial
Price: $185,000 ($76 / SF)
Buyer: Lisa Thibodeaux Dugas, Duane J Dugas
Elifin’s Notes: Investors purchase 2,421 warehouse space in the Whitehouse Extension area of Westwego.

1139-1141 Teche St
1139-1141 Teche St

Type: Retail
Price: $160,000 ($121 / SF)
Buyer: IT TAKES A VILLAGE ACADEMY LLC
Elifin’s Notes: Local organization purchases a 1,326 sq ft retail space in Algiers area.

6620, 6660 Riverside Dr
6620, 6660 Riverside Dr

Type: Office
Price: Withheld
Buyer: BCRE 101 RIVERSIDE LLC
Elifin’s Notes: Organization acquires a two-building office complex on 5.28 acres with 89,868 sq ft in office space in the Bissonet Plaza area.

600 Chartres St
600 Chartres St

Type: Mixed-Use
Price: Withheld
Buyer: CCRC 600 CHARTRES STREET L L C
Elifin’s Notes: Local investor acquires three-story 4,662 sq ft mixed-use retail and office property in the French Quarter area.

604-606-608-608 Chartres St
604-606-608-608 Chartres St

Type: Mixed-Use
Price: Withheld
Buyer: CCRC 600 CHARTRES STREET L L C
Elifin’s Notes: Local investor purchases two-story 3,024 sq ft mixed-use retail and office property in the French Quarter area.


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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