The Pulse NOLA: Large retail property in Terrytown sells for 3.8mm

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

Commercial Sales Recorded Last Week

2703 Belle Chasse Hwy
2703 Belle Chasse Hwy

Type: Retail
Price: $3,800,000 ($104.13 / SF)
Buyer: AVILA PROPERTIES LLC
Elifin’s Notes: Large retail property sells along Belle Chasse Highway

4422 Magazine Street
4422 Magazine Street

Type: Retail
Price: $950,000 ($442.48 / SF)
Buyer: JADES NAIL BAR LLC
Elifin’s Notes: Local entity purchases a retail property along Magazine Street in the Uptown area

5733 Heebe St
5733 Heebe St

Type: Industrial
Price: $460,000 ($76.67 / SF)
Buyer: JAJROSEN LLC
Elifin’s Notes: Local investors purchase a two-unit industrial warehouse-distribution property in the Elmwood Business Park area

1622 Toledano St
1622 Toledano St

Type: Office
Price: $400,000 ($241.40 / SF)
Buyer: THREE GSI LLC
Elifin’s Notes: Local investors purchase 1,657 sq ft office property in the Faubourg Delassize area near the intersection of Saint Charles Avenue and Louisiana Avenue

10038 Chef Menteur Hwy
10038 Chef Menteur Hwy

Type: Retail
Price: $385,000 ($142.12 / SF)
Buyer: NGUYEN HUNG P
Elifin’s Notes: Slidell-based investor purchases a restaurant property in the Read Boulevard West area

2501 Lexington St
2501 Lexington St

Type: Industrial
Price: $345,000 ($27.58 / SF)
Buyer: MENDOZA FRANCISCO A D
Elifin’s Notes: Gonzales-based investor purchases two industrial/office type buildings in the Bainbridge Office & Industrial Park area of Kenner

4391 Michoud Boulevard
4391 Michoud Boulevard

Type: Industrial
Price: $260,000 ($21.67 / SF)
Buyer: AKHOLDINGS LLC
Elifin’s Notes: Local investors purchase large commercial warehouse with a small percentage of square footage devoted to showroom and office space in the Michoud area of New Orleans East

712 Adams St
712 Adams St

Type: Retail
Price: $250,000 ($239.23 / SF)
Buyer: GREEN FEATHER PROPERTIES LLC
Elifin’s Notes: Jefferson-based investor purchases a retail property in the East Carrollton area

2908 Lake Villa Dr
2908 Lake Villa Dr

Type: Retail
Price: $230,000 ($123.92 / SF)
Buyer: LV DRIVE LLC
Elifin’s Notes: Local investor purchases a day care center in the Lake Villas area of Metairie

3050 N Tonti St
3050 N Tonti St

Type: Specialty
Price: $110,000 ($64.71 / SF)
Buyer: GREATER EVERGREEN BAPTIST CHURCH
Elifin’s Notes: Local religious organization purchases a small religious facility in the Saint Claude 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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