The Pulse NOLA: Lucky Inn Motel along Iberville St sells

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

Commercial Sales Recorded Last Week

2625 Iberville St, New Orleans, LA 70119
2625 Iberville St, New Orleans, LA 70119

Type: Hospitality
Price: $2,800,000 ($93,333 / Unit)
Buyer: NEW ORLEANS WOMEN & CHILDRENS SHELTER INC
Elifin’s Notes: The New Orleans Women & Children’s Shelter, Inc. purchases the newly renovated Lucky Inn Motel along Iberville Street

6541 I 10 Service Rd, New Orleans, LA 70126
6541 I 10 Service Rd, New Orleans, LA 70126

Type: Retail
Price: $1,200,000 ($176.81 / SF)
Buyer: THREE PACK LLC
Elifin’s Notes: A Hamdan Sons Investments-controlled entity purchases three retail properties–two auto repair properties and one property with both auto repair and convenience store improvements

1973 N Miro St, New Orleans, LA 70119
1973 N Miro St, New Orleans, LA 70119

Type: Multifamily
Price: $760,000 ($126,667 / Unit)
Buyer: CLS 550 AMG LLC
Elifin’s Notes: A Slidell-based investor purchases 6 neighboring single family residences in the Seventh Ward

2714 Delaware Ave, Kenner, LA 70062

Type: Industrial
Price: $250,000 ($55.56 / SF)
Buyer: CONSOLIDATED INVESTMENT PROPERTIES LLC
Elifin’s Notes: A Montz, Louisiana-based entity purchases an industrial warehouse in the Highway Park area of Kenner


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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