The Pulse NOLA: Investors purchase 31 acres in Segnette Park area

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

Commercial Sales Recorded Last Week

3841 Ulloa Street
3841 Ulloa Street

Type: Multifamily
Price: $1,675,000 ($83,750 / Unit)
Buyer: Ulloa Street LLC
Elifin’s Notes: Active local investor purchases a 20-unit multifamily property in the Tulane/Gravier area

412 Westwood Dr
412 Westwood Dr

Type: Multifamily
Price: $560,000 ($46,667 / Unit)
Buyer: EAGLE EQUITIES LLC
Elifin’s Notes: Multifamily property sells in the Westwood area of Marrero

3427 Jefferson Hwy
3427 Jefferson Hwy

Type: Land
Price: $550,000 ($34.13 / Land SF)
Buyer: JEFFERSON OPPORTUNITY ZONE FUND 1 LLC
Elifin’s Notes: Vacant commercial land sells at the corner of Jefferson Highway and Shrewsbury Road in the Claiborne Gateway area

140 Rosalie Dr
140 Rosalie Dr

Type: Multifamily
Price: $490,000 ($61,250 / Unit)
Buyer: UNIVERSAL HOME INVESTMENTS LLC LLC
Elifin’s Notes: Investor purchases two four-plexes, totaling 8 units, in the South Avondale area

4309 Williams Blvd
4309 Williams Blvd

Type: Office
Price: $250,000 ($113.64 / SF)
Buyer: BOHANNAN INVESTMENTS LLC
Elifin’s Notes: Investor purchases two adjacent office, general commercial use, properties along Williams Boulevard in the Highway Park area

400 Avenue A
400 Avenue A

Type: Retail
Price: $180,000 ($71.09 / SF)
Buyer: CHEARYS CHILD CARE LLC
Elifin’s Notes: Cheary’s Child Care LLC purchases a commercial property in the Marrero Addition area

9451 Westbank Expy
9451 Westbank Expy

Type: Land
Price: Withheld
Buyer: MARENGO PROPERTY II LLC
Elifin’s Notes: Investment group purchases 31 acres of vacant land on the corner of the Westbank Expressway and Segnette Boulevard in Westwego’s Segnette Park 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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