The Pulse NOLA: Industrial property in Mid City sold for 3.1 million

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

Commercial Sales Recorded Last Week

331 N Alexander St, New Orleans, LA 70119
331 N Alexander St, New Orleans, LA 70119

Type: Industrial
Price: $3,100,000 ($44 / SF)
Buyer: SQ 582 HOLDINGS LLC
Elifin’s Notes: Local investor buys nearly a full city block consisting of several industrial warehouse type buildings totaling 71,196 sq ft of space sitting on 1.9 acres in the Mid-City area

3632 Magazine St, 1031 Antoine St
3632 Magazine St, 1031 Antoine St

Type: Mixed-Use
Price: $1,200,000 ($378 / SF)
Buyer: BUNNYLOVE LLC
Elifin’s Notes: Local investors acquire a 3,176 sq ft mixed use property with a storefront retail space and a separate rear entrance two-story office space in the Touro area

2403 Carondelet St
2403 Carondelet St

Type: Multifamily
Price: $947,548 ($157,925 / Unit)
Buyer: TU CAMPUS PROPERTIES LLC
Elifin’s Notes: Local investors purchase a 6-unit multifamily property in the Faubourg Livaudias area with four 2BR/1BA units and two 1BR/1BA units

2936 Conti St
2936 Conti St

Type: Industrial
Price: $450,000 ($105 / SF)
Buyer: F3 PROPERTY GROUP CORPORATION
Elifin’s Notes: Local investors purchase a 4,297 sq ft industrial warehouse space in the Mid-City 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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