The Pulse NOLA: Local company purchases Elmwood properties for 1.5mm

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

Commercial Sales Recorded Last Week

1521 Kuebel Street, Elmwood, LA 70123
1521 Kuebel Street, Elmwood, LA 70123

Type: Industrial
Price: $1,549,153 ($94.46 / SF)
Buyer: GALVANIZED RE LLC
Elifin’s Notes: Local company purchases two industrial buildings within the Elmwood Business Park

6135 Bellaire Drive, New Orleans, LA 70124
6135 Bellaire Drive, New Orleans, LA 70124

Type: Multifamily
Price: $1,325,000 ($132,500 / Unit)
Buyer: Liang Meng; Liang Yin
Elifin’s Notes: A pair of Harahan-based investors purchase a set of multifamily properties, two fourplexes and one duplex, on Bellaire Drive

2729 Athania Pkwy, Metairie, LA 70002
2729 Athania Pkwy, Metairie, LA 70002

Type: Office
Price: $531,000 ($212.40 / SF)
Buyer: AUMILI LLC
Elifin’s Notes: An office property changes hands off of Veterans Boulevard on Athania Parkway

2737 Pritchard Road, Marrero, LA 70072
2737 Pritchard Road, Marrero, LA 70072

Type: Specialty
Price: $180,933
Buyer: FOCAL POINT MEDIA GROUP LLC
Elifin’s Notes: Focal Point Media Group LLC purchases an 11+ acre parcel of land in Marrero with two broadcast-type towers as well as a small office improvement

3622 Airline Dr, Metairie, LA 70001
3622 Airline Dr, Metairie, LA 70001

Type: Retail
Price: Withheld
Buyer: JCSE AIRLINE LLC
Elifin’s Notes: A retail property changes hands along Airline Drive in Metairie

1115, 1117 Central Ave, Metairie, LA 70001
1115, 1117 Central Ave, Metairie, LA 70001

Type: Mixed-Use
Price: Withheld
Buyer: CYPRESS REALTY&INVESTMENTS LLC
Elifin’s Notes: An industrial property and a residential dwelling on the same parcel sell in Metairie


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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