The Pulse NOLA: Local investors purchase retail in the CBD

11 Dec The Pulse NOLA: Local investors purchase retail in the CBD

Posted at 08:45h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

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

Commercial Sales Recorded Last Week

2502 Magnolia St, New Orleans, LA 70113

Type: Industrial
Price: $800,000 ($40.93 / SF)
Buyer: 2502 MAGNOLIA ST LLC
Elifin’s Notes: An industrial warehouse property changes hands in the Central City area

717 Common St, New Orleans, LA 70130

Type: Retail
Price: $500,000 ($94.34 / SF)
Buyer: 717 COMMON PROPERTIES LLC
Elifin’s Notes: Local investors purchase the, poorly conditioned and fire damaged, building at 717 Common St in the CBD

5690 Chef Menteur Hwy, New Orleans, LA 70126

Type: Land
Price: $200,000 ($0.50 / Land SF)
Buyer: GENTILLY CIRCLE L L C
Elifin’s Notes: A 9+ acre parcel of industrial transportation utilized land sells just across the Danziger Bridge toward the East

127 Zinnia Ave, Metairie, LA 70001

Type: Office
Price: $175,000 ($221.52 / SF)
Buyer: 127 ZINNIA PROPERTY LLC
Elifin’s Notes: An office property changes hands in the Bridgedale area

1401 S Claiborne Ave, New Orleans, LA 70125

Type: Land
Price: $160,000 ($28.57 / Land SF)
Buyer: KMHSHELL LLC
Elifin’s Notes: Luling-based investors purchase two vacant parcels of land near the corner of South Claiborne Avenue and Thalia Street

2955 Ridgelake Dr, Unit 105, Metairie, LA 70002

Type: Office
Price: $155,000 ($147.06 / SF)
Buyer: TALK WORKS PROFESSIONAL SERVICES INC
Elifin’s Notes: An office condominium unit changes hands within the Commerce Court office complex in Metairie

2045 Broadway St, New Orleans, LA 70118

Type: Retail
Price: Withheld
Buyer: PRIVAT GILMAN DAVID
Elifin’s Notes: A retail space changes hands in the Audubon area

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
300 Loyola Ave	Electrical Repair / Replacement / Addition $1,883,000	Utility disconnect Reconnect. This work has been coordinated and is scheduled with Entergy Engineering to take place on Dec. 18th, 2023. This work is related to Building Permit# 22-25658-ACCS and Electrical Permit #23-15197-EGEN	[O] Civic Center Sitedeve Co, Civic Center Sitedeve Co [A] Jeremiah Alexander Johnson [C] Jeremiah Alexander Johnson
1027 Napoleon Ave, St. Stephens Good Shepherd School	Renovation (Non-Structural) $1,089,000	Renovations inside school building and gymnasium for damage caused by hurricane Ida.	[O] Good Shepherd Roman Catholic Church New Orleans Louisiana [A] David Langlois [C] Malin Const. Company
8 Canal St	Mechanical HVAC $899,000	(NOBU RESTAURANT) Kitchen build out, we are providing (1) 8250 CFM kitchen Exhaust Fan, (1) 4950 CFM kitchen supply fan, (1) 600 CFM dishwasher hood exhaust, and (1) 250 CFM restroom exhaust fan. The space is conditioned (2) new VAVs hooking up to existing utilities.	[O] City Of New Orleans [A] August R Gallo, Jr. [C] August R Gallo, Jr.
8 Canal St	Mechanical Fuel Gas $899,000	(NOBU RESTAURANT) Kitchen build out, we are running gas lines to owner supplied equipment.	[O] City Of New Orleans [A] August R Gallo, Jr. [C] August R Gallo, Jr.
31 McAlister Dr	Renovation (Non-Structural) $733,035	FIT OUT OF TWO SHELL SPACES AS RETAIL USES ON FIRST FLOOR OF EXISTING 7 STORY DORMITORY BUILDING. ONE TO BE A SMALL FOOD SERVICE SMOOTHIE BAR. ONE TO BE A CONVIENENCE STORE.	[O] Administrators of The Tulane Educ Fund [A] Edr Architects [C]
300 Allen Toussaint Blvd	New Construction $518,450	White Box Only construction. New 5,941 SF two-story metal stud structure on raised slab. (4) tenant spaces with tenants TBD. Note: plans have been filed + recorded with the city in regards to Conditional Use (Zoning Docket # ZD028-16) for the parking lot. NO PLUMBING/ELECTRICAL SERVICE OR MECHANICAL WORK PERMITTED/ NOT FOR USE OR OCCUPANCY. NO INTERIOR BUILDOUT	[O] [A] Studio WTA [C] Yolande Burst
712 Adams St	Renovation (Non-Structural) $167,125	800 square foot building to receive an interior renovation for new Barber Shop. Building was most recently Herb Imports (The Glassery). Front elevation will be improved per drawings.	[O] Green Feather Properties LLC [A] Jessica Becker [C] Kmt Painting And Decorating LLC
740 Royal St	Renovation (Non-Structural) $125,000	Full roof replacement. No changes to roof and no new roofing elements.	[O] J & R Rental Properties L L C [A] Myles Martin [C] Tuna Construction, LLC
511 N Hennessey St	Electrical Repair / Replacement / Addition $114,700	Renovation	[O] 478 Building Corporation Inc [A] Glenn A. Cordes [C] Glenn A. Cordes
1015 Decatur St	Renovation (Structural) $96,750	Renovations to exterior of entire building in response to VCC violations. All work to be done as per plans.	[O] Rahim Rashkbar [A] Loretta Harmon [C]
525 Fourth St	Accessory Structure $89,800	Installing a generator piped with gas on roof top.	[O] Surgir LLC [A] Loryn Brien [C] Power One Electric LLC
8065 Edgelake Ct B	Renovation (Non-Structural) $87,500	AT&T – To install cellular equipment and ground equipment on an Existing ATC cell Monopole tower.	[O] Ray Culotta [A] Lillo Jason [C] Mastec Network Solutions, LLC
619 Bourbon St	Renovation (Non-Structural) $60,000	interior only: Cosmetic finishes; tile, paint. Construct bar and drywall ceiling over bar.	[O] Taquino Family Real Estate LLC [A] Gates Erika [C] Jake-Cowden Garofalo Construction Restoration
1118 Decatur St	Mechanical HVAC $51,832	Replace 10 Ton AC system with 15KW electric heat	[O] K & F Realty LLC [A] Wilfred Lewis, Jr [C] Wilfred Lewis, Jr
1441 Teche St	Renovation (Non-Structural) $43,699	We plan to convert an existing confessional to a restroom inside of the Church. The old confessional will then be relocated.	[O] All Saints Roman Catholic Church [A] Batiste Joseph [C] BAT Management Services, LLC
5646 Lewis Rd	Electrical Repair / Replacement / Addition $39,300	INSTALLING A 600 AMP SWITCH FROM EXISTING SERVICE FOR TO NEW EQUIPMENT. WE ARE NOT INCREASING SERVICE SIZE, BUT WILL NEED A DISCONNECT AND RECONNECT FOR UTILITY (ENTERGY)	[O] Bunny Bread Co Inc [A] Jonathan S. Frischhertz [C] Jonathan S. Frischhertz
1060 Girod St	Mechanical Fuel Gas $36,700	Electric water heater	[O] Industrial Development Board [A] David Carter Sr. [C]
4200 Prytania St	Renovation (Structural) $28,690	*EMERGENCY REPAIR*DUE TO VEHICLE HITTING BUILDING STREET FACADE. NO CHANGE TO FLOOR PLAN/USE. REPAIR IN LIKE AND KIND. FRONT FACADE TO REMAIN THE SAME.	[O] Robco Realty LLC [A] Sandra Haylock [C]
1245 Columbus St Apt A	Mechanical Fuel Gas $25,500	INSTALLING WHOLE HOUSE GENERATOR	[O] Peter Gray Tashjian [A] Hector Lopez [C] Hector Lopez
333 Canal St Ste 111	Mechanical HVAC $17,182	INSTALLATION OF ONE EXHAUST FAN AND FIRE DAMPERS AND CEILING DIFFUSERS	[O] Wilson Canal Place II LLC [A] Chester Cabirac [C] ARC Mechanical Contractors, Inc
5500 Paris Ave	Mechanical HVAC $14,978	Install two hvac system systems with ductwork. one 2-ton and one 2.5 ton units in ticket office and locker room.	[O] Holy Cross College Inc [A] Michael A Kelly [C] Michael A Kelly
319 N Miro St	Electrical Service / Circuit / Feeder $13,446	New 1/2 duplex	[O] Wells One Investments LLC [A] Rolando J Sandoval [C] Rolando J Sandoval
817 Saint Louis St	Renovation (Non-Structural) $13,000	Cyber Attack – Install platform for existing kitchen vent.	[O] Lgo Properties LLC [A] Erika Gates [C] Carimi Construction and Development
916 Foucher St	Mechanical HVAC $11,000	3 ton a/h cond. duct in vent	[O] Miii LLC [A] Sam Celino Jr. [C] Ducar Real Estate Investments LLC
2044 Magazine St	Renovation (Non-Structural) $7,480	Pressure Wash exterior of building. Re-Stucco top part of building, repair or re-stucco cornice moldings. Repair any missing mortar from exterior exterior masonry. Caulk & seal stucco bricks, windows & doors. Repair windows & reglaze windows and doors. Repair front door & install weather stripping. Paint stucco brick, windows, trim, doors & downspout. As quoted by Rogers Enterprise Construction.	[O] Vieux Bijou Inc [A] Leslie Perrin [C] Rogers Enterprise Construction LLC
819 N Lopez St Apt 2A	Electrical Service / Circuit / Feeder $7,200	Complete re wire with 20 new circuits and a 150 amp sub panel	[O] North Lopez 819 LLC [A] John Allen Lockett [C] John Allen Lockett
819 N Lopez St Apt 2B	Electrical Service / Circuit / Feeder $7,200	Complete re wire with 20 new circuits and a 150 amp sub panel.	[O] North Lopez 819 LLC [A] John Allen Lockett [C] John Allen Lockett
8938 Palm St	Electrical Service / Circuit / Feeder $6,000	Install new wiring for new construction	[O] Palm Street Development LLC [A] Patrick Mel Thomas [C] Patrick Mel Thomas
8936 Palm St	Electrical Service / Circuit / Feeder $6,000	Install new wiring for new construction	[O] Palm Street Development LLC [A] Patrick Mel Thomas [C] Patrick Mel Thomas
1934 Washington Ave Apt 102	Electrical Service / Circuit / Feeder $5,200	wiring of home	[O] Lawrence J Despenza [A] James Jones [C] James Jones
1934 Washington Ave Apt 201	Electrical Service / Circuit / Feeder $5,200	wiring of home	[O] Lawrence J Despenza [A] James Jones [C] James Jones
5901 Read Blvd	Mechanical Fuel Gas $4,500	Install a gas line for 3 fryers and 1 grill.	[O] Read Hsi Investments LLC [A] Kevin J Monvoisin [C]
3711 Franklin Ave	Electrical Repair / Replacement / Addition $3,900	Renovate Church	[O] New Genesis Bible Church [A] John Blouin IV [C] John Blouin IV
710 Poland Ave	Electrical Repair / Replacement / Addition $3,850	replace meter pan	[O] Twelfth House Company LLC [A] Abukhalil Abdelraziq [C] Abukhalil Abdelraziq
710 Poland Ave	Electrical Service / Circuit / Feeder $3,650	Swimming pool electrical/ add circuit for pool pump and pool lights	[O] Twelfth House Company LLC [A] Eldon Juneau [C] Eldon Juneau
1125 Saint Mary St	Electrical Repair / Replacement / Addition $3,600	remove & reinstall service 200 amp 18 circuits	[O] Haluk Dogru [A] Jesse Earl Carr Sr. [C] Jesse Earl Carr Sr.
1022 Barracks St HM	Mechanical Fuel Gas $3,500	Underground and main gas line for 1022 Barracks House Gas meter	[O] 1236 N Rampart LLC [A] Millicent Fayard [C] Millicent Fayard
516 Governor Nicholls St Apt 202	Electrical Repair / Replacement / Addition $3,000	Add smoke detectors in unit, remove and replace receptacles, switches, light fixtures	[O] 801 Patterson Owner LLC [A] Edward Leroy Dawson [C] Edward Leroy Dawson
516 Governor Nicholls St Apt 102	Electrical Repair / Replacement / Addition $3,000	Add smoke detectors in unit, remove and replace receptacles, switches, light fixtures.	[O] 801 Patterson Owner LLC [A] Edward Leroy Dawson [C] Edward Leroy Dawson
516 Governor Nicholls St Apt 101	Electrical Repair / Replacement / Addition $3,000	Add smoke detectors in unit, remove and replace receptacles, switches, light fixtures.	[O] 801 Patterson Owner LLC [A] Edward Leroy Dawson [C] Edward Leroy Dawson
1101 Florida Ave	Construction Trailer $2,500	Temporary construction trailer for the duration of the City of New Orleans DPW680 DeSaix Blvd Bridge Replacement Project	[O] [A] Impetus Infrastructure, LLC [C] Impetus Infrastructure, LLC
1915 State St	Mechanical Fuel Gas $2,200	Generator gas line	[O] Linda Barnett Mintz [A] Leroy Laporte Jr [C]
914 Foucher St	Mechanical Fuel Gas $2,000	45′ of gas line with two outlets. 2 tankless water heater	[O] Miii LLC [A] Angelo Pansano [C]
916 Foucher St	Mechanical Fuel Gas $2,000	45′ of gas line with two outlets. 1 tankless water heater, 1 stove	[O] Miii LLC [A] Angelo Pansano [C]
5504 Saint Charles Ave	Electrical Service / Circuit / Feeder $1,750	Swimming pool electrical	[O] Donald R Smith, 5504 St Charles Ave LLC [A] Eldon Juneau [C] Eldon Juneau
25215 Chef Menteur Hwy	Accessory Structure $1,254	I need electricity supplied to my lot for the installation of Security Lighting.	[O] Larry A Compagno [A] Compagno Larry [C] Justin P. Whipple
200 Bourbon St	Float $1,240	Krewe of Oshun – 17 Floats for parade	[O] 200 Bourbon LLC [A] V Chatelain Gary [C] V Chatelain Gary
200 Bourbon St	Float $1,240	Krewe of Morpheus – 22 floats for upcoming parade.	[O] 200 Bourbon LLC [A] V Chatelain Gary [C] V Chatelain Gary
200 Bourbon St	Float $1,240	Krewe of Pygmalion – 27 floats	[O] 200 Bourbon LLC [A] V Chatelain Gary [C] V Chatelain Gary
2408 Florida Ave	Construction Loop $1,200	Temp Pole	[O] 365 Electric Inc [A] Troy D Porter [C] Troy D Porter
2713 Monticello Ave	Renovation (Non-Structural) $972	Vacancy permit restore power.	[O] Greenway Properties LLC [A] Launey Allen Beckham, Jr. [C] H&E Comfort Services
6224 N Rampart St	Electrical Vacancy $550	6 month vacancy	[O] Rita B Wilfred [A] Herbert Leon Broussard [C] Herbert Leon Broussard
922 Kerlerec St	Construction Loop $550	file for temp pole	[O] Faubourg Nola Homes LLC [A] Elbred Malone Jr. [C] Elbred Malone Jr.
601 S Solomon St	Electrical Vacancy $500	6-month Vacancy inspection to restore power from Entergy	[O] La Cancha LLC [A] Thomas M Delbert [C] Thomas M Delbert
3600 Canal St	Mechanical Fuel Gas $500	Pressure test gas lines up 5psi,make sure existing appliances are up to code	[O] Templar Properties Inc [A] Casey J Sutton [C]
8520 Chef Menteur Hwy Apt 205	Electrical Vacancy $500	Vacancy	[O] 8520 Chef Menteur LLC [A] Oscar L. Carter Jr. [C] Oscar L. Carter Jr.
1420 General Taylor St	Mechanical Fuel Gas $500	Have gas service turned on	[O] Property Holding Company of Crecent City LLC [A] Kurt M Zeringue [C]
731 Nashville Ave	Mechanical Fuel Gas $500	Activate gas meter locked out due to Entergy leak 175000BTU	[O] Teamthompson LLC [A] Rene Dauterive Jr. [C]
832 Piety St	Mechanical Fuel Gas $500	electric water heater only	[O] The K & T Institute LLC [A] Peter Tran [C] Peter Tran
2130 N Broad St Apt 1B	Electrical Vacancy $450	Electrical Vacancy	[O] Aaron C Anderson [A] Michael Jonathan Lee [C] Michael Jonathan Lee
1309 Milan St	Mechanical Fuel Gas $350	check gas leak repair , file for reconnect	[O] Craig H Tolbert [A] Drew Michael Hosli [C]
2505-2515 Delachaise St	Change of Address N/A	23-28727-RNVN Single Family Dwelling Structure on Multi-Family property. KEEP 2505 Delachaise St (AM11669533) RETIRE 2507 Delachaise St KEEP 2509 Delachaise St RETIRE 2511 Delachaise St KEEP 2513 Delachaise St (AM10413424) KEEP 2515 Delachaise St (AM10448500)	[O] Rohamm LLC, 3413 Freret LLC [A] 3413 Freret LLC [C]
1300 Oretha Castle Haley Blvd HM B, 1300 Oretha Castle Haley Blvd Ste B	Change of Address N/A	Correct meter addresses Change 1300 Oretha Castle Haley BLVD Suite B to 1300 Oretha Castle Haley BLVD HM B (AM12133727) Change 1300 Oretha Castle Haley BLVD HM B to 1300 Oretha Castle Haley BLVD Suite B (AM12646346)	[O] AG 2018 LLC [A] 1300 OCH, LLC [C]
2400-2412 Delachaise St	Change of Address N/A	Resubdivision of Lots 13, 15, and 17 in Square 591, Fifth Municipal District and bounded by Delachaise, La Salle, Amelia, and Freret Streets into Lot X-1-A. SD174-23 RETIRE 2412 Delachaise St KEEP 2400 Delachaise St	[O] Southwest Region Conference Association of Seventh Day Adventists, Conference Assn Seventh Arkansas, Southwest Region Conference Association of Seventh-Day Adventists [A] Southwest Region Conference Association of Seventh Day Adventists [C]
2833 Perdido St	Construction Loop N/A	CONSTRUCTION LOOP (22-13076-NEWC)	[O] City Of New Orleans [A] Todd Trosclair [C] Todd Trosclair
2033 Saint Anthony St -Apt 4	Change of Address N/A	23-23839-EVAC Three to Four Family ADD 2033 St Anthony St Apt 1 (AM10288524) ADD 2033 St Anthony St Apt 2 (AM10258261) ADD 2033 St Anthony St Apt 3 (AM10115005) ADD 2033 St Anthony St Apt 4 (AM10258262)	[O] Cornell Pendleton [A] Cornell Pendleton [C]
600 N Broad St	Hoods N/A	Hood Installation	[O] Greenway Ventures LLC [A] Ammar Diri [C] Ammar Diri
731 Nashville Ave	Change of Address N/A	Entergy address is incorrect, Veterinarian’s Office Change 731 Nashville Ave Apt A to 731 Nashville Ave (U539152)	[O] Teamthompson LLC [A] Jessica Miller [C]
3201 Rue Parc Fontaine Apt 2904	Electrical Vacancy N/A	Six month vacancy	[O] Gmf-Preservation Of Affordablity Corp [A] Joseph B. Robinson [C] Joseph B. Robinson
702 Desire St	Lead-Based Paint Form N/A	removal of exterior paint usin HEPA vacuum system or containment	[O] Todd Larsen Dalton [A] Todd Larsen Dalton [C]
8065 Edgelake Ct B	Change of Address N/A		[O] Ray Culotta [A] AT&T Jason Lillo [C]
1040 Saint Charles Ave Apt 101	Electrical Vacancy N/A	6 month vacancy	[O] Tivoli Owner LLC [A] WILSON ELECTRIC [C] WILSON ELECTRIC
1040 Saint Charles Ave Apt 317	Electrical Vacancy N/A	6 month vacancy	[O] Tivoli Owner LLC [A] WILSON ELECTRIC [C] WILSON ELECTRIC
2031 Saint Charles Ave Ste A	Moving Equipment N/A	Modernization of Passenger Elevators 1 and 2.	[O] Aj Pontchartrain Owner LLC [A] Otis Elevator [C] Otis Elevator
5315 Elysian Fields Ave -Ste B	Change of Address N/A	23-31947-RNVN Business Use, 2 Comm. Suites CHANGE 5315 Elysian Fields Ave to 5315 Elysian Fields Ave Ste A ADD 5315 Elysian Fields Ave Ste B	[O] Anna Hong [A] Anna Hong [C]

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.

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