The Pulse NOLA: LeBrane’s Creole purchases their building in Westwego

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

Commercial Sales Recorded Last Week

116 Marguerite Rd
116 Marguerite Rd

Type: Multifamily
Price: $1,025,000 ($128,125 / Unit)
Buyer: JNO ENTERPRISES LLC
Elifin’s Notes: A multi-family property sells in the Marguerite Place area near the Saints practice facility off of Airline Drive

2282 Saint Claude Ave
2282 Saint Claude Ave

Type: Land
Price: $775,000 ($63.19 / Land SF)
Buyer: 2270 MARIGNY LLC
Elifin’s Notes: A corner lot of vacant commercial land sells at the corner of Saint Claude Avenue and Mandeville Street

3146 Calhoun St
3146 Calhoun St

Type: Retail
Price: $700,000 ($238.50 / SF)
Buyer: ROSETTA REALTY L L C
Elifin’s Notes: A retail property, used as a coffee shop, sells in the Broadmoor area

4422 Burgundy St
4422 Burgundy St

Type: Multifamily
Price: $311,000 ($38,875 / Unit)
Buyer: Nesbit Clesi Holdings LLC
Elifin’s Notes: A pair of quadraplexes, totaling 8-units, sell in the Bywater area

1104 Stumpf Blvd
1104 Stumpf Blvd

Type: Office
Price: $270,000 ($44.26 / SF)
Buyer: PHARAOH GROUP DEVELOPMENT LLC OF TX
Elifin’s Notes: A multi-tenant office building sells in Gretna

1501 Lapalco Blvd
1501 Lapalco Blvd

Type: Retail
Price: $250,000 ($49.08 / SF)
Buyer: PALACE NAIL SPA LLC
Elifin’s Notes: Palace Nail Spa LLC purchases a former bank branch retail building along Lapalco Boulevard in the Oakdale area

137 Sala Ave
137 Sala Ave

Type: Retail
Price: $200,000 ($58.82 / SF)
Buyer: LEBRANES CREOLE CUISINE&CATERING INC
Elifin’s Notes: LeBrane’s Creole Cuisine & Catering purchases the property on which they operate their restaurant within the Town of Salaville area of Westwego

2829 Frenchmen St
2829 Frenchmen St

Type: Industrial
Price: Withheld
Buyer: FRENCHMEN PROPERTY MANAGEMENT LLC
Elifin’s Notes: A pair of industrial parcels with improvements sell in the St. Roch 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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