The Pulse NOLA: Land sold near MSY Airport

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

Commercial Sales Recorded Last Week

3800 Howard Avenue
3800 Howard Avenue

Type: Land
Price: $12,500,000 ($32.09 / Land SF)
Buyer: YANG QI HOLDINGS LLC
Elifin’s Notes: 8.94 acres of land sold along Howard Avenue adjacent to the B.W. Cooper area

851 E Airline Drive
851 E Airline Drive

Type: Land
Price: $1,525,000 ($10.74 / Land SF)
Buyer: CAR MASS LLC
Elifin’s Notes: Sale of a 3.26 acre piece of land directly across Airline Drive from the Louis Armstrong Airport, currently used as parking lot purposes, but zoned for general commercial uses

10150 I-10 Service Rd
10150 I-10 Service Rd

Type: Retail
Price: $1,050,000 ($93 / SF)
Buyer: GRANITE MAPLE REALTY TRUST
Elifin’s Notes: Auto Parts store property with 11,315 sq ft in retail space sold in the West Lake Forest area

8620 Chef Menteur Hwy
8620 Chef Menteur Hwy

Type: Multifamily
Price: $486,000 ($32,400 / Unit)
Buyer: J PAUL HOLDINGS LLC
Elifin’s Notes: Local investor acquires a 15-unit unique multifamily property on over an acre of land with seven double-unit buildings and a single family home in the Read Boulevard West area

2744 Marietta St
2744 Marietta St

Type: Industrial
Price: $375,000 ($101 / SF)
Buyer: CPK 1 LLC
Elifin’s Notes: Local investor purchases 3,710 sq ft industrial property with office space in the Kenner Project subdivision

5467 Saint Claude Ave
5467 Saint Claude Ave

Type: Retail
Price: $175,000 ($96 / SF)
Buyer: VITO THE GOD INVESTMENTS
Elifin’s Notes: Local investor purchases 1,832 retail space in the Lower Ninth Ward area

1913 7th St
1913 7th St

Type: Multifamily
Price: Withheld
Buyer: 1913 SEVENTH ST REALTY LLC
Elifin’s Notes: Miami-based investor acquires a 10-unit multifamily property in the Faubourg Delassize 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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