The Pulse NOLA: Jazz & Heritage Festival acquires old art gallery

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

Commercial Sales Recorded Last Week

4419, 4425 Utica St, Metairie, LA 70006
4419, 4425 Utica St, Metairie, LA 70006

Type: Office
Price: $2,550,000 ($272.32 / SF)
Buyer: SMBC LEASING&FINANCE INC
Elifin’s Notes: A New York-based entity purchases a dialysis clinic with warehouse space on Utica Street.

840 N Rampart St, New Orleans, LA 70116
840 N Rampart St, New Orleans, LA 70116

Type: Retail
Price: $2,300,000 ($363.52 / SF)
Buyer: NEW ORLEANS JAZZ & HERITAGE FESTIVAL AND FOUNDATION INC
Elifin’s Notes: The New Orleans Jazz and Heritage Festival and Foundation, Inc. acquires an old art gallery at the corner of North Rampart and Dumaine Street.

2717 Decatur St, Kenner, LA 70062
2717 Decatur St, Kenner, LA 70062

Type: Office
Price: $2,150,000 ($292.12 / SF)
Buyer: SMBC LEASING&FINANCE INC
Elifin’s Notes: A New York-based entity purchases a dialysis clinic on Decatur Street in Kenner.

507 Airline Dr, Metairie, LA 70062
507 Airline Dr, Metairie, LA 70062

Type: Industrial
Price: $1,500,000 ($83.33 / SF)
Buyer: MILLER 40 NOLA WORLD WIDE INVESTMENTS LLC
Elifin’s Notes: An industrial property changes ownership south of the Airport.

4521, 4525, 4531 N Claiborne Ave, New Orleans, LA 70117
4521, 4525, 4531 N Claiborne Ave, New Orleans, LA 70117

Type: Industrial
Price: $680,000 ($22.53 / SF)
Buyer: NEW ORLEANS PUBLIC BELT RAILROAD COMMISSION FOR THE PORT OF NEW ORLEANS
Elifin’s Notes: The New Orleans Public Belt Railroad Commission purchases the former Villalobos Rescue Center location. The Rescue Center continues to operate in Napoleonville.

3801 N Causeway Blvd (Suites 205, 207), Metairie, LA 70002
3801 N Causeway Blvd (Suites 205, 207), Metairie, LA 70002

Type: Office
Price: $337,000 ($242.10 / SF)
Buyer: MACKE NICHOLS INVESTMENTS LLC
Elifin’s Notes: A pair of combined office condos sell on North Causeway Boulevard.

8020 Olive St, New Orleans, LA 70125
8020 Olive St, New Orleans, LA 70125

Type: Retail
Price: $275,000 ($133.11 / SF)
Buyer: ASCENSION DEPAUL SERVICES
Elifin’s Notes: Ascension DePaul Services, a Louisiana non-profit corporation, acquires a car wash property off of South Carrollton Avenue.

25 Hickory Ave, Harahan, LA 70123
25 Hickory Ave, Harahan, LA 70123

Type: Office
Price: $125,000 ($81.17 / SF)
Buyer: KITTOK RICHARD D
Elifin’s Notes: An office property changes hands in Harahan.

620 Terry Pkwy, Terrytown, LA 70056
620 Terry Pkwy, Terrytown, LA 70056

Type: Retail
Price: Withheld
Buyer: BRAFMAN ALLEN
Elifin’s Notes: A retail property changes hands on Terry Parkway opposite the Towne Square shopping center.

235-237 Chartres St, New Orleans, LA 70130
235-237 Chartres St, New Orleans, LA 70130

Type: Mixed-Use
Price: Withheld
Buyer: LATAS FAMILY INVESTMENTS LLC
Elifin’s Notes: Lata’s Family Investments LLC acquires a mixed-use property in the French Quarter.


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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