The Pulse NOLA: Jefferson Business Center sells for 11.4mm

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

Commercial Sales Recorded Last Week

520, 524 Elmwood Park Blvd, Elmwood, LA 70123
520, 524 Elmwood Park Blvd, Elmwood, LA 70123

Type: Office
Price: $11,443,300 ($109.86 / SF)
Buyer: JEFFERSON BUSINESS CENTER INVESTMENT LLC
Elifin’s Notes: The Jefferson Business Center changes ownership in Elmwood.

212 E Airline Hwy, Kenner, LA 70062
212 E Airline Hwy, Kenner, LA 70062

Type: Land
Price: $4,550,000 ($14.93 / Land SF)
Buyer: 5950 SB GEORGIA HOLDINGS LLC
Elifin’s Notes: A Texas-based entity purchases an industrial property sitting on nearly 7 acres of land fronting East Airline Highway.

1116, 1150 Barataria Blvd, Marrero, LA 70072
1116, 1150 Barataria Blvd, Marrero, LA 70072

Type: Specialty
Price: $3,850,000 ($48.13 / SF)
Buyer: JEFFERSON PARISH COUNCIL
Elifin’s Notes: The Jefferson Parish Council acquires the Hope Haven Campus in Marrero.

3604, 3606 Tulane Ave, New Orleans, LA 70119
3604, 3606 Tulane Ave, New Orleans, LA 70119

Type: Office
Price: $560,000 ($701.75 / SF)
Buyer: IRIS MOTEL LLC
Elifin’s Notes: The Iris Motel owners purchase the property next to the motel, which is currently used as a small office/warehouse space and car rental lots.

1507 Demosthenes St, Metairie, LA 70005
1507 Demosthenes St, Metairie, LA 70005

Type: Office
Price: $380,000 ($194.87 / SF)
Buyer: CHONG TOT USA LLC
Elifin’s Notes: An office property changes hands on Demosthenes Street in Metairie.

3024 David Dr, Metairie, LA 70003
3024 David Dr, Metairie, LA 70003

Type: Office
Price: $350,000 ($138.18 / SF)
Buyer: LOS CATRACHOS INC
Elifin’s Notes: Los Catrachos Inc acquires an office property on David Drive.

1105 Avenue H, Westwego, LA 70094
1105 Avenue H, Westwego, LA 70094

Type: Industrial
Price: $325,000 ($55.08 / SF)
Buyer: FUTURE GEN PROPERTIES LLC
Elifin’s Notes: Future Gen Properties LLC acquires an industrial property on Avenue H.

95 5th St, Gretna, LA 70053
95 5th St, Gretna, LA 70053

Type: Retail
Price: $287,000 ($148.17 / SF)
Buyer: LIBERTO HOPE B
Elifin’s Notes: A retail property sells on 5th Street in Gretna.

1662 Annunciation St, New Orleans, LA 70130
1662 Annunciation St, New Orleans, LA 70130

Type: Retail
Price: $183,000 ($106.77 / SF)
Buyer: SHARON BRIAN WILLIAM
Elifin’s Notes: A commercial property, formerly a corner store, changes ownership on Annunciation Street.

3408 28th St, Metairie, LA 70002
3408 28th St, Metairie, LA 70002

Type: Mixed-Use
Price: Withheld
Buyer: 3408 28TH STREET LLC
Elifin’s Notes: A mixed-use property with a street-level restaurant/bar and a pair of apartments on the second floor sells near the Copeland Tower.

5029 Louisa Dr, New Orleans, LA 70126
5029 Louisa Dr, New Orleans, LA 70126

Type: Specialty
Price: Withheld
Buyer: ROOTS OF MUSIC, INC.
Elifin’s Notes: A school facility sells on Louisa Drive.

708 Phosphor Ave, Metairie, LA 70005
708 Phosphor Ave, Metairie, LA 70005

Type: Retail
Price: Withheld
Buyer: GRIMES MARY L H
Elifin’s Notes: A two building commercial property changes hands on Phosphor 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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