The Pulse NOLA: Industrial property sells for 6.6mm on Almonaster Ave

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

Commercial Sales Recorded Last Week

10090 Almonaster Ave
10090 Almonaster Ave

Type: Industrial
Price: $6,570,939 ($795.51 / SF)
Buyer: 10090 ALMONASTER PARTNERS LLC
Elifin’s Notes: The Alterra Property Group, out of Philadelphia, purchases an industrial property in the Viavant/Venetian Isles area

622 Julia St
622 Julia St

Type: Mixed-Use
Price: $1,200,000 ($185.96 / SF)
Buyer: ALPHADIA624 LLC
Elifin’s Notes: A mixed-use property sells in the Warehouse District along Julia Street

5200 Lapalco Blvd
5200 Lapalco Blvd

Type: Retail
Price: $1,100,000 ($142.86 / SF)
Buyer: LAI CENTER LLC
Elifin’s Notes: Local investors purchase a multi-tenant retail property in the Ames Farms area

1002 Esplanade Ave
1002 Esplanade Ave

Type: Multifamily
Price: $950,000 ($158,333 / Unit)
Buyer: ESPLANADE REALTY LLC
Elifin’s Notes: A pair of local investors purchase a 6-unit multifamily property located on the outer edge of the French Quarter

2411 Dawson St
2411 Dawson St

Type: Land
Price: $690,000 ($14.67 / Land SF)
Buyer: DELTA 106 LLC
Elifin’s Notes: Local investor purchases a little over one acre in vacant commercial land in an industrial subdivision of Kenner

1825 Erato St
1825 Erato St

Type: Land
Price: $565,000 ($33.05 / Land SF)
Buyer: MH PROPERTIES LLC
Elifin’s Notes: A local investor purchases a 0.39+ acre parcel of vacant commercial land in the Central City area

303 David Dr
303 David Dr

Type: Land
Price: $307,500 ($20.50 / Land SF)
Buyer: GODS GRACE PROPERTIES LLC
Elifin’s Notes: Local investor purchases a 0.34+ acre parcel of commercial land along David Drive in the Airline Vista area

508 Homewood Pl
508 Homewood Pl

Type: Industrial
Price: $150,000 ($50.00 / SF)
Buyer: NEW ORLEANS RECOVERY LLC
Elifin’s Notes: An industrial property sells in the Homewood area of Westwego

632 Common St
632 Common St

Type: Mixed-Use
Price: Withheld
Buyer: 218 ST CHARLES DEVELOPMENT LLC
Elifin’s Notes: Local entity purchases 2 four-story interconnected buildings fronting on Common Street and Saint Charles Avenue in the CDB area

2817 Harvard Ave
2817 Harvard Ave

Type: Retail
Price: Withheld
Buyer: COE INVESTMENTS LLC
Elifin’s Notes: Local investors purchase a multi-tenant retail property in the Ponchartrain Gardens area of Metairie

129 Allen Toussaint Blvd
129 Allen Toussaint Blvd

Type: Land
Price: Withheld
Buyer: RCR THEATER VENTURE LLC
Elifin’s Notes: A local group of investors purchase a 0.25+ acres of land within a Lakeview retail center


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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