The Pulse NOLA: Large medical facility on Poydras sold

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

Commercial Sales Recorded Last Week

516 Natchez St
516 Natchez St

Type: Multifamily
Price: $2,850,000 ($475,000 / Unit)
Buyer: MIURA LLC
Elifin’s Notes: Local investor acquires a three-story six unit luxury apartment building with 1BR/1BA and 2BR/2.5BA configurations in the Central Business District area.

1641 Poland Ave; 1604 Kentucky St
1641 Poland Ave; 1604 Kentucky St

Type: Industrial
Price: $1,750,000 ($65 / SF)
Buyer: R&C BUILDING MATERIALS INC
Elifin’s Notes: A 27,036 sq ft industrial warehouse property has sold in the Bywater area.

8227 Oak St, New Orleans, LA 70118
8227 Oak St, New Orleans, LA 70118

Type: Retail
Price: $1,207,000 ($270 / SF)
Buyer: 8227 OAK LA WCO LLC
Elifin’s Notes: New York-based investment group acquires a 4,476 sq ft two-story restaurant property in the Leonidas area.

3005 Magazine St, New Orleans, LA 70115
3005 Magazine St, New Orleans, LA 70115

Type: Retail
Price: $1,047,700 ($470 / SF)
Buyer: POP CULTURE NOLA INVESTMENT LLC
Elifin’s Notes: Local investors purchase a 2,228 sq ft retail property along Magazine Street in the Garden District area.

508-512 Westbank Expressway
508-512 Westbank Expressway

Type: Retail
Price: $1,000,000 ($128 / SF)
Buyer: METRO PLAZA LA LLC
Elifin’s Notes: Local investor purchases a neighborhood center with 3 retail units, totaling 7,802 sq ft, along the Westbank Expressway in Gretna.

20 Crofton Rd
20 Crofton Rd

Type: Industrial
Price: $580,000 ($64 / SF)
Buyer: SKYWAY TWO LLC
Elifin’s Notes: Local investment group purchase a 9,004 sq ft general industrial space in the Oakland Plantation area.

131-135 S White St
131-135 S White St

Type: Specialty
Price: $340,000 ($68 / SF)
Buyer: F E GENERAL MAINTENANCE LLC
Elifin’s Notes: Kenner-based investor purchases a 4,984 sq ft space, currently utilized as a religious facility, in the Mid-City area.

535-537 Decatur Street
535-537 Decatur Street

Type: Office
Price: Withheld
Buyer: RAHUL PROPERTIES LLC
Elifin’s Notes: Local investor purchases a four-story 6,850 sq ft building with street-level retail space and vacant office and residential options on the three remaining floors along Decatur Street in the French Quarter area.

2237 Poydras St
2237 Poydras St

Type: Office
Price: Withheld
Buyer: POYDRAS ALLSTARS LLC
Elifin’s Notes: Kupperman Companies acquires large medical office facility building, totaling approximately 20,094 sq ft, along Poydras Street in the Tulane-Gravier 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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