The Pulse NOLA: Industrial property on Chartres sells for 6mm

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

Commercial Sales Recorded Last Week

2121 Chartres St, New Orleans, LA 70116
2121 Chartres St, New Orleans, LA 70116

Type: Industrial
Price: $6,000,000 ($167.33 / SF)
Buyer: ENDEAVOR 21 LLC
Elifin’s Notes: A property with interconnected warehouses sells at the corner of Chartres Street and Elysian Fields Avenue.

3012 26th St, Metairie, LA 70002
3012 26th St, Metairie, LA 70002

Type: Office
Price: $1,300,000 ($142.86 / SF)
Buyer: 26TH STREET LLC
Elifin’s Notes: A two-story office property sells behind Sears Appliance Repair in Metairie.

1401 Distributors Row, New Orleans, LA 70123
1401 Distributors Row, New Orleans, LA 70123

Type: Industrial
Price: $1,296,500 ($108.95 / SF)
Buyer: GRAPHIX LLC
Elifin’s Notes: An industrial property with multiple units changes ownership within the Elmwood Business Park.

303 Butterworth St, New Orleans, LA 70121
303 Butterworth St, New Orleans, LA 70121

Type: Industrial
Price: $1,200,000 ($66.67 / SF)
Buyer: FRIEDRICHS, CHRISTOPHER
Elifin’s Notes: An industrial property changes ownership on Butterworth Street.

2400 Richland St, Kenner, LA 70062
2400 Richland St, Kenner, LA 70062

Type: Industrial
Price: $775,000 ($113.30 / SF)
Buyer: GALVEZ PROPERTIES LLC
Elifin’s Notes: Galvez Properties LLC acquires an industrial property on Richland Street.

240 Iris Ave, New Orleans, LA 70121
240 Iris Ave, New Orleans, LA 70121

Type: Industrial
Price: $450,000 ($75.40 / SF)
Buyer: FRYP LLC
Elifin’s Notes: An industrial property changes hands on Iris Avenue.

3827 Spencer St, Harvey, LA 70058
3827 Spencer St, Harvey, LA 70058

Type: Industrial
Price: $315,000 ($80.87 / SF)
Buyer: KREWE OF KING ARTHUR&MERLIN INC
Elifin’s Notes: A warehouse property changes ownership on Spencer Street.

1216, 1218 Constance St, New Orleans, LA 70130
1216, 1218 Constance St, New Orleans, LA 70130

Type: Land
Price: $305,000 ($47.00 / Land SF)
Buyer: SOROKEN JENNIFER LYNNE
Elifin’s Notes: A 0.1+ acre parcel of land sells on Constance Street in the Lower Garden District.

2637 Edenborn Ave (Units 203, 204), Metairie, LA 70002
2637 Edenborn Ave (Units 203, 204), Metairie, LA 70002

Type: Office
Price: $230,000 ($92.00 / SF)
Buyer: HEALING ROOM LLC
Elifin’s Notes: A pair of office units sell on Edenborn Avenue.


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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