The Pulse NOLA: International School of Louisiana purchases campus in St Roch

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

Commercial Sales Recorded Last Week

2518 Arts St, New Orleans, LA 70117
2518 Arts St, New Orleans, LA 70117

Type: Specialty
Price: $5,750,000 ($121.44 / SF)
Buyer: INTERNATIONAL SCHOOL OF LOUISIANA
Elifin’s Notes: Arising out of the bankruptcy proceedings for the Encore Learning Academy, the International School of Louisiana has purchased this school property in St. Roch.

Tracts 6-A-4-C, 6-A-4-D, 6-A-4-E Promenade Blvd, Marrero, LA 70072
Tracts 6-A-4-C, 6-A-4-D, 6-A-4-E Promenade Blvd, Marrero, LA 70072

Type: Land
Price: $4,256,000 ($11.79 / Land SF)
Buyer: WATERS AT PROMENADE LLC
Elifin’s Notes: A Hammond-based entity purchases multiple land parcels within the Promenade Pointe retail development.

3715 Williams Blvd, Kenner, LA 70065
3715 Williams Blvd, Kenner, LA 70065

Type: Office
Price: $1,195,000 ($63.38 / SF)
Buyer: ASCENSION DEPAUL SERVICES
Elifin’s Notes: A multi-tenant office building sells at the intersection of Williams Boulevard and 37th Street.

3400 Burgundy St, New Orleans, LA 70117
3400 Burgundy St, New Orleans, LA 70117

Type: Industrial
Price: $525,000 ($78.50 / SF)
Buyer: SHAW SAMUEL APPLETON
Elifin’s Notes: An industrial warehouse property changes hands in the Bywater.

1506 Williams Blvd, Kenner, LA 70062
1506 Williams Blvd, Kenner, LA 70062

Type: Office
Price: $440,000 ($73.33 / SF)
Buyer: 1506 WILLIAMS BLVD LLC
Elifin’s Notes: A multi-tenant office property changes hands just East of the Airport in Kenner.

654 Brockenbraugh Ct, Metairie, LA 70005
654 Brockenbraugh Ct, Metairie, LA 70005

Type: Office
Price: $387,000 ($217.91 / SF)
Buyer: ENGLEHARDT PROPERTIES LLC
Elifin’s Notes: A dwelling turned office property off of Veterans Boulevard has been sold to Englehardt Properties.

554, 558, 562 Avenue D, Marrero, LA 70072
554, 558, 562 Avenue D, Marrero, LA 70072

Type: Multifamily
Price: $325,000 ($54,167 / Unit)
Buyer: EAGLE EQUITIES LLC
Elifin’s Notes: A trio of duplexes, totaling 6-units, sell on Avenue D in Marrero.

460 Iris Ave, New Orleans, LA 70121
460 Iris Ave, New Orleans, LA 70121

Type: Industrial
Price: $255,000 ($87.93 / SF)
Buyer: BUZINSKAITE UGNE G
Elifin’s Notes: An industrial warehouse sells off of Jefferson Highway.

6941 Sayres Dr, Marrero, LA 70072
6941 Sayres Dr, Marrero, LA 70072

Type: Specialty
Price: $150,000 ($59.76 / SF)
Buyer: CHURCH OF GOD YAHWEH SALEM INC
Elifin’s Notes: A specialty building sells off of Westwood Drive in Marrero.

1512, 1516 Erato St, New Orleans, LA 70130
1512, 1516 Erato St, New Orleans, LA 70130

Type: Land
Price: Withheld
Buyer: 1516 ERATO STREET LLC
Elifin’s Notes: A pair of local investors purchase a 0.2+ acre gravel parking lot in the Lower Garden District.

3522 Tulane Ave, New Orleans, LA 70119
3522 Tulane Ave, New Orleans, LA 70119

Type: Hospitality
Price: Withheld
Buyer: DRIFTER NOLA LLC
Elifin’s Notes: A New York-based investor purchases The Drifter boutique hotel on Tulane 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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