The Pulse NOLA: Industrial property sells for 2.25mm in Metairie

12 May The Pulse NOLA: Industrial property sells for 2.25mm in Metairie

Posted at 09:31h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

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

Commercial Sales Recorded Last Week

3217 27th St, Metairie, LA 70002

Type: Industrial
Price: $2,250,000 ($260.72 / SF)
Buyer: ARMADA PROPERTIES LLC
Elifin’s Notes: An industrial property sitting on 0.8+ acres sells on 27th Street in Metairie.

1645, 1649 Alexander Ct, Terrytown, LA 70056

Type: Multifamily
Price: $1,500,000 ($50,000 / Unit)
Buyer: EAGLE EQUITIES LLC
Elifin’s Notes: Local investor purchases a 30-unit multifamily portfolio, made up of 7 fourplexes and 1 duplex, in Gretna.

2502 Poydras St, New Orleans, LA 70119

Type: Land
Price: $850,000 ($31.32 / Land SF)
Buyer: BAKER MAID PRODUCTS INC
Elifin’s Notes: Baker Maid, a local bakery, purchases a 0.6+ acre lot adjacent to their current facility.

518 Soraparu St, New Orleans, LA 70130

Type: Industrial
Price: $732,000 ($96.44 / SF)
Buyer: TURNBULL MANCAVE LLC
Elifin’s Notes: An industrial property changes ownership on Soraparu Street.

1420 N Causeway Blvd, Metairie, LA 70001

Type: Retail
Price: $707,000 ($321.07 / SF)
Buyer: 1420 NORTH CAUSEWAY BLVD LLC
Elifin’s Notes: An auto dealer retail property sells along North Causeway Boulevard.

7931-7935 Forshey St, New Orleans, LA 70125

Type: Mixed-Use
Price: $495,000 ($171.52 / SF)
Buyer: ASCENSION DEPAUL SERVICES
Elifin’s Notes: A restaurant and adjacent duplex sell together at the corner of Forshey Street and Short Street.

5604 Heebe St, Harahan, LA 70123

Type: Industrial
Price: $420,000 ($145.68 / SF)
Buyer: ROAD RUNNER MECHANICS LLC
Elifin’s Notes: Road Runner Mechanics acquires an industrial property in Elmwood.

1109 Royal St (Ste A), New Orleans, LA 70116

Type: Retail
Price: $310,000 ($297.50 / SF)
Buyer: LE, HOA THUAN
Elifin’s Notes: A street-level retail condo unit sells on Royal Street in the French Quarter.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
2428 Napoleon Ave	New Construction $7,430,413	Single story, new construction specialty grocery store.	[O] Trader Joes East Inc [A] Kim Hosch [C] Kenneth Gowland, Thomas Grace Construction
1433 Saint Bernard Ave	Electrical Service / Circuit / Feeder $1,915,000	Need Power to Meter for Retail space. Inspections was done on previous permit	[O] New Orleans Redevelopment Authority, The Finance Authority of New Orleans St Bernard Apartments [A] Ryan Carl Orgeron [C] Ryan Carl Orgeron
1111 Foucher St Ste 3A	Renovation (Non-Structural) $1,779,859	INTERIOR BUILD OUT OF PARTIAL SECOND FLOOR AND COMPLETE THIRD FLOOR INTO OFFICE SPACE. CORE AND SHELL UPGRADES ARE ADMINISTERED SEPARATELY. NEW INTERIOR PARTITIONS, MECHANICAL, PLUMBING, AND ELECTRICAL SYSTEMS. EXISTING SPRINKLER & FIRE ALARM TO BE MODIFIED.	[O] Vre 3535 Magazine LLC [A] Waggonner & Ball, Inc. [C] Woodward Design + Build
1469 Magazine St Apt A, 1469 Magazine St Apt B, 1471 Magazine St, 1469 Magazine St	Renovation (Structural) $1,099,179	Renovations to existing 3-unit main house to be converted into a 2-unit dwelling. The existing rear carriage house (separate structure) will be renovated and will remain a 1-unit dwelling. Renovations include restoration and repair work on the exterior and interior cosmetic upgrades. We already received conceptual approval from the ARC.	[O] Jeffrey Felts Miller [A] Albert Architecture [C] Entablature LLC
2001 Leon C Simon Dr	Renovation (Non-Structural) $585,118	THE OBJECTIVE OF THIS PROJECT IS TO CREATE A STEAM CENTER FOR THE STUDENTS OF BENJAMIN FRANKLIN HIGH SCHOOL. THE SPACE WILL BE AN IMMERSIVE TEACHING ATMOSPHERE HONORING KATHERINE JOHNSON AND HER CONTRIBUTIONS TO NASA. RENOVATIONS TO EXISTING SCHOOL BUILDING TO ADD 3 NEW CLASSROOMS AND MAKE CHANGES TO ONE EXISTING CLASSROOM. THE WORK CONSISTS OF REMOVING AND ADDING WALLS IN THE EXISTING LIBRARY SPACE, AND ALL ASSOCIATED MECHANICAL, ELECTRICAL, AND PLUMBING WORK.	[O] The University of New Orleans [A] Angela Morton [C] Colmex Construction LLC
201 Saint Charles Ave Ste 3000-Ste 3100	Renovation (Non-Structural) $300,000	THIS PROJECT CONSISTS OF MINOR RENOVATIONS TO THE EXISTING 30TH FLOOR AND 31ST FLOORS OF AN EXISTING HIGHRISE BUILDING. SCOPE OF WORK INCLUDES SELECTIVE DEMOLITION, MINOR MEHCANICAL AND ELECTRICAL UPGRADES, AND FINISH UPGRADES.	[O] 201 St Charles Place LLC [A] Grace Hebert Curtis Architects [C]
1429 Saint Bernard Ave	Electrical Service / Circuit / Feeder $191,500	Need Power to Meter. All inspection was done under previous permit.	[O] New Orleans Redevelopment Authority, The Finance Authority of New Orleans St Bernard Apartments [A] Ryan Carl Orgeron [C] Ryan Carl Orgeron
14207 Chef Menteur Hwy	Accessory Structure $113,276	Install 96kW generator and 400 amp transfer switch	[O] Tran Huong Thi T [A] Craig S Jacomine II [C] Craig S Jacomine II
6746 Vicksburg St	Accessory Structure $110,725	Remove existing detached – rear yard single car garage. Construct new detached rear yard 2 car carport/garage with covered patio, storage area and exterior powder room. To be built as per plans.	[O] Neil C Ponstein [A] Bavido Samuel [C]
1319 Japonica St	Swimming Pool $108,910	Suite C – Kingfish Pools to build 500 sq in-ground swimming pool in backyard with a gas heater.	[O] Japonica Hart LLC [A] Gunzburg William [C] Kingfish Pool Service LLC
1319 Japonica St	Swimming Pool $100,155	Suite B – Kingfish Pools to build 500 sq in-ground swimming pool in backyard with a gas heater.	[O] Japonica Hart LLC [A] Gunzburg William [C] Kingfish Pool Service LLC
1319 Japonica St	Swimming Pool $100,115	Suite A – Kingfish Pools to build 500 sq in-ground swimming pool in backyard with a gas heater.	[O] Japonica Hart LLC [A] Gunzburg William [C] Kingfish Pool Service LLC
3725 S Carrollton Ave	Renovation (Non-Structural) $85,000	Remodel existing Circle K convenience store using Circle K branding, standards, and finishes.	[O] Circle K Stores Inc [A] Blue Whale Development [C] Verticle Construction
5433 Laurel St	Renovation (Non-Structural) $58,937	Interior renovation of existing restaurant space; no change of use.	[O] Octavia-Laurel LLC [A] Graham Hill [C] Kalimera Group LLC
480 N Norman C Francis Pkwy	Accessory Structure $55,200	Scope of work is a pedestrian bridge located near the Greenway Plaza that crosses the bioswale from the greenway path to the area currently used as a farmers market and intermittent parking. It is an open air installation with a metal frame structure that will be clad with art tiles that share the stories and artwork in collaboration with Bvlbancha Public Access. The path will be geocell on both ends and a composite wood decking in the center.	[O] The City Of New Orleans – Justin Weyenberg [A] Colloqate Design [C] Downtown Fabworks
5024 Pontchartrain Blvd	Mechanical HVAC $37,300	Install 10 ton roof top unit and duct work according to plans.	[O] Orleans Country Club New [A] Stephen A. Corcoran, Jr. [C] Stephen A. Corcoran, Jr.
3535 Magazine St	Mechanical HVAC $36,800	New Ductwork installed and Trim out Shade Store	[O] Vre 3535 Magazine LLC [A] Charles K Sardi [C] National Contractors Inc
2030 Fats Domino Ave -Ste 101	Renovation (Structural) $35,000	Structural renovation to an existing structure. Reno to consist of installing insulation, drywall, interior paint, electrical, plumbing. To be done as per plans.	[O] Ruston Henry [A] Darrell Turner [C] Darrell Turner, Magic Makeover Construction LLC
3525 Prytania St	Renovation (Non-Structural) $33,104	Interior renovations of an existing office space. All work to be done as per plans.	[O] Touro Infirmary, Professional Realty Holdings LLC, Prytania 506 LLC, Hales Pediatrics Properties LLC, Tjs Enterprises, Delricht Prytania Suites LLC, Movahed Ali, Prytania Investments Properties LLC, Big Red Ant Pile LLC, Delricht Prytania Suite 308 L [A] John Taylor [C] Lockewood Construction Company LLC
3535 Magazine St	Electrical Repair / Replacement / Addition $28,000	Tenant buildout electrical install outlets and lights. 24-35922-RNVN	[O] Vre 3535 Magazine LLC [A] Raymond Michael Luminais [C]
118 Baronne St	Renovation (Non-Structural) $24,214	– tuckpointing and movement crack repair to brick wall in alley facing Baronne.	[O] 828 Canal LLC [A] Gregory Cho [C] R Volker Waterproofing LLC
216 Chartres St, Commercial Tenant Suite, First Floor	Renovation (Non-Structural) $20,759	Interior renovation of an existing commercial space to house a pilates studio. New vinyl floor in studio spaces, laid over existing concrete slab. Existing bathroom to be renovated, 2 new bathrooms added, new housekeeping closet added. Mechanical, electrical, and plumbing to remain as-is except where bathroom/housekeeping work area. No exterior work this submission; signage to be applied for under separate permit.	[O] Revival Property Nola105 LLC, Revival Property Nola 105 LLC, Revival Property Nola105 LLC, Chartres Krewe LLC [A] Studio WTA [C] Borrouso Construction L.L.C.
1519 S Norman C Francis Pkwy	Renovation (Non-Structural) $17,499	Change of use from office to small child care daycare (less than 75 children), addition of ada ramp, expansion of bathroom for ada compliance, adjustment of railing/step risers for child safety.	[O] Pro T Management LLC [A] Nicole Deabate [C] POKORN CONSTRUCTION INC.
2440 Piety St	Electrical Service / Circuit / Feeder $15,700	This permit covers the rough-in and final installation of the electrical system for a new four-family home which is being built in accordance with permit 24-14225-NEWC.	[O] Rahamaidad Enterprises LLC [A] Nigel Francis Wilson [C] Nigel Francis Wilson
4900 Calliope St	Permanent Generator $15,000	Installing a 22kW Generac generator and transfer switch for emergency backup power.	[O] LZM Properties LLC [A] Jeremiah Alexander Johnson [C] Jeremiah Alexander Johnson
972 Felicity St	Renovation (Non-Structural) $12,000	Water damage repairs to existing single apartment unit. Work includes new gypsum board walls and ceilings. Re-finish floors and wood trim. Replace damaged/wet electrical components/wiring. Repair/Replace damaged HVAC components. Repair cabinetry and fixtures. There is no “change of use”. No change in footprint or configuration of units. No change in egress or exit arrangement. No exterior work. No structural work	[O] J Rogers Real Estate 2 LLC [A] Terrell Fabacher [C] Lakewood Renovations, LLC
2734 Saint Bernard Ave	Electrical Repair / Replacement / Addition $12,000	Electrical repairs. Entergy account number 206123077	[O] Hill & Hill Properties LLC [A] Nuccio G Nicholas [C] Nuccio G Nicholas
3779 Desire Pkwy	Renovation (Non-Structural) $9,984	Code upgrade of existing electrical system on the ground floor of the warehouse building which has been used as warehouse/millwork shop. A new permanent meter (320 amp, 3 phase) will be installed.	[O] A Demain LLC [A] Miwako Hattori [C] CDW Services LLC, Sidney A Ippolito
244 S Diamond St	Electrical Service / Circuit / Feeder $3,900	Identify feed for suite and add a new disconnecting means	[O] Fulton Place Garage LLC [A] Glynn Raye Woodall, Jr [C] Glynn Raye Woodall, Jr
1020 Esplanade Ave	Mechanical Fuel Gas $3,000	repair gas leak	[O] Beth R Theriot, Timothy Robert Swann, Sandra G Carter, Alexandra L Blanchard, Shan Grace P Mc, Dickey C Smith, John Trimble Wood, Sandra A Cimini, Beth Theriot, Scullin Lizbeth Concetta, Terry H Ballard, Pescador Properties LLC, McDonald Jessica Math [A] Marc Ethan Smith [C] Marc Ethan Smith
1205 Tchoupitoulas St	Electrical Service / Circuit / Feeder $3,000	METER FOR JOB TRAILERS BLEW AND NEEDS TO BE CHANGED AS AN EMERGENCY RECONNECT.	[O] [A] Jonathan Stephen Frischhertz [C] Jonathan Stephen Frischhertz
607 Clare Ct	Electrical Repair / Replacement / Addition $2,822	Add 30 amp line with fusible disconnect on right side of house, conduit run from panel up over door and mount disconnect on wall. Add 30amp line with fusible disconnect from panel on right side of house extended on surface up to attic, across attic than down the other side with a disconnect. Add 30amp disconnect to rear of house with extending the circuit from existing location up over door than down to location of unit.	[O] Julie Wheeler [A] Edward Leroy Dawson [C]
4970 Feliciana Dr, na	Electrical Service / Circuit / Feeder $2,500	We will upgrade 208/240 volt service with 1 circuit.	[O] [A] Timothy Jason Carman [C] Timothy Jason Carman
4319 Touro St, na	Electrical Service / Circuit / Feeder $2,500	We will upgrade 208/240 volt service with 1 circuit.	[O] [A] Timothy Jason Carman [C] Timothy Jason Carman
3599 Gibson St, na	Electrical Service / Circuit / Feeder $2,500	We will upgrade 208/240 volt service with 1 circuit.	[O] [A] Timothy Jason Carman [C] Timothy Jason Carman
3807 Dumaine St, na	Electrical Service / Circuit / Feeder $2,500	We will upgrade 208/240 volt service with 1 circuit.	[O] Ambrosia Janice B [A] Timothy Jason Carman [C] Timothy Jason Carman
8211 Palm St, na	Electrical Service / Circuit / Feeder $2,500	We will upgrade 208/240 volt service with 1 circuit.	[O] [A] Timothy Jason Carman [C] Timothy Jason Carman
750 S Salcedo St, na	Electrical Service / Circuit / Feeder $2,500	We will upgrade 208/240 volt service with 1 circuit.	[O] [A] Timothy Jason Carman [C] Timothy Jason Carman
3810 Duplessis St, na	Electrical Service / Circuit / Feeder $2,500	We will upgrade 208/240 volt service with 1 circuit.	[O] [A] Timothy Jason Carman [C] Timothy Jason Carman
513 Conti St Unit 2B	Mechanical HVAC $2,000	Install 3 ton Hvac system	[O] The 307 Company LLC [A] Michael Prater [C]
1224 Decatur St Apt A	Mechanical Fuel Gas $1,577	6 month vacancy	[O] Hanqi Investments LLC [A] Daniel Gene Mosel [C]
1643 Mandeville St	Mechanical Fuel Gas $1,500	Repair/replace 50′ of gas line to feed the stove	[O] Alex Noel Zelaya [A] Mohamad Ardekani [C]
1641 Mandeville St	Mechanical Fuel Gas $1,500	repair/replace about 50 feet gas line to stove an electric water heater	[O] Alex Noel Zelaya [A] Mohamad Ardekani [C]
3705 General De Gaulle Dr Ste 108	Mechanical Fuel Gas $1,500	Installing gas service for new restaurant.	[O] Massiha LLC [A] RASEM W HAMED [C] RASEM W HAMED
7103 Freret St Apt 203	Mechanical Fuel Gas $1,000	6 months gas test	[O] Uptown 71 LLC [A] Angelo Pansano [C]
421 Alabo St Apt B	Electrical Vacancy $846	Vacancy inspection, power out over 6 months last day of service: 04/10/2025	[O] Randi Lennix [A] Keefe John Ditta [C] Keefe John Ditta
442 Canal St	Electrical Service / Circuit / Feeder $650	file for reconnect 200 amps zero circuits	[O] Quarter Holding LLC [A] Elbred Rayno Malone Jr. [C] Elbred Rayno Malone Jr.
5951 Bullard Ave Ste 6	Mechanical Fuel Gas $550	6 month vacancy	[O] Kaleidoscope Realty LLC [A] Damon Tyris Reed Sr. [C]
2030 Saint Andrew St	Electrical Vacancy $500	6 mos vacancy inspection	[O] Davis Brenda Lacy [A] Richard Anthony Cook Jr. [C] Richard Anthony Cook Jr.
3618 S Carrollton Ave	Electrical Vacancy $500	FILE PERMIT FOR 6 MONTH VACANCY	[O] Carrolltoncentral [A] Lance Anthony Frickey [C] Lance Anthony Frickey
6786 Bundy Rd	Electrical Vacancy $400	Electrical vacancy	[O] Slidell Rentals I LLC [A] Charles Hilliard Scott IV [C] Charles Hilliard Scott IV
2229 Napoleon Ave -HM	Renovation (Non-Structural) N/A	This is a no-work permit application in response to Healthy Homes Certificate of Compliance application 6M3WD8. This is to establish the use of 4 units in an HU-RD2 District. Original Building Permit # B38820 dated 1/13/81 was to demolish a utility building in rear yard for off street parking. Original Building Permit # B38821 dated 1/13/81 was to renovate a bubble into a four plex with off street parking.	[O] Ebel Real Estate [A] Pamela Ebel [C]
2417 Freret St -Apt 2A	Demolition N/A	Demlish structure that is in imminent danger of collapse. Demolition of 2417 Freret St, Unit 1A only (Front). Other units to remain.	[O] Efforts of Grace Inc [A] Charlie Hampton [C] Hamp’s Enterprises LLC
127 David St	Electrical Repair / Replacement / Addition N/A	Emergency work was done on 4130 iberville and the power had to be disconnected and reconnected because freeze and snow was that night and next morning.	[O] [A] Lawrence Lamont Jordan [C] Lawrence Lamont Jordan
4130 Iberville St	Electrical Repair / Replacement / Addition N/A	Needed to change meter pan because of burned load lugs in meter pan on 4130 IBERVILLE. Had to cut power line that feeds three other apartments (which I will file separately) and reconnect for emergency because this was the day before the snow day and the tenants are living there and had pets.	[O] [A] Lawrence Lamont Jordan [C] Lawrence Lamont Jordan
129 David St	Electrical Repair / Replacement / Addition N/A	Emergency work was done on 4130 Iberville and we had to disconnect and reconnected power due to the freeze and the snow	[O] [A] Lawrence Lamont Jordan [C] Lawrence Lamont Jordan
1825 Mirabeau Ave	Moving Equipment N/A	Elevator Installation	[O] Bastion Community of Resilience [A] ThyssenKrupp [C] ThyssenKrupp
510 Governor Nicholls St Apt 2A	Renovation (Non-Structural) N/A	This is a permit only to turn on the electrical meters that are already in place. No work is to be performed.Apartment 2A, 3A, and 3B. no VCC permit required. rdbourgogne 11/14/22	[O] R S S Enterprises Inc [A] Zella May [C]
637 Canal St	Renovation (Non-Structural) N/A	Applying for a Change of Use from a Ice Cream (specialty) to Full Service Standard Restaurant. Location 637 Canal Street	[O] Mohtaram Inc [A] SAFE KIT [C]
2254 N Derbigny St, 2254 N Derbigny St Apt 1A, 2254 N Derbigny St Apt 1B, 2254 N Derbigny St Apt 2A, 2256 N Derbigny St	Change of Address N/A	25-02014-RNVN Three to Four Family, 3-plex. CHANGE 2254 N Derbigny St to 2254 N Derbigny St Apt 1A CHANGE 2256 N Derbigny St to 2254 N Derbigny St Apt 1B CHANGE 2256 1/2 N Derbigny St to 2254 N Derbigny St Apt 2A	[O] 2254 N Derbigny LLC [A] 2254 N Derbigny LLC [C]
1518 Kerlerec St, 1438 N Claiborne Ave, 1438 N Claiborne Ave B, 1436 N Claiborne Ave	Change of Address N/A	25-09779-RNVN Three to Four Family, Duplex and Single Family. KEEP 1438 N Claiborne Ave (AM10691168, U538502, 99631026) CHANGE 1438 N Claiborne Ave Apt B to 1436 N Claiborne Ave (7944456/3N72286458 1NF7944456H027886) KEEP 1518 Kerlerec St (AM10757857)	[O] Treme Holdings LLC [A] Treme Holdings LLC [C]
3705 General De Gaulle Dr Ste 108	Hoods N/A	Installation of a commercial kitchen hood	[O] Massiha LLC [A] Bourgeois Mace [C] Bourgeois Mace

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.

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