The Pulse NOLA: Martin Behrman schoolhouse property sold for 25mm

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

Commercial Sales Recorded Last Week

715 Opelousas Ave
715 Opelousas Ave

Type: Specialty
Price: $25,497,582 ($212 / SF)
Buyer: LOVING SCHOOL FACILITY L L C
Elifin’s Notes: Non-profit acquires the Martin Behrman schoolhouse property with approximately 120,000 sq ft of space sitting on a 1.9 acre lot in the Algiers Point area

3869-3871 Gentilly Blvd, , LA
3869-3871 Gentilly Blvd

Type: Mixed-Use
Price: $1,400,000 ($700,000 / Unit)
Buyer: NAPOLEON PROPERTY MGMT LLC
Elifin’s Notes: Local group acquires property in the Gentilly area with a 2-story mixed use building containing a 8,112 sq ft salon space and a 4,727 sq ft general office space.

1915-1917 Martin L King Blvd
1915-1917 Martin L King Blvd

Type: Mixed-Use
Price: $533,000 ($177,667 / Unit)
Buyer: FOUR KIDS LLC
Elifin’s Notes: Local group acquires a two-story mixed use property in the Central City area with a 2,048 sq ft retail storefront space and two upstairs 2BR/1BA non-shotgun apartments

1120, 1130 Franklin Ave, New Orleans, LA 70117
1120, 1130 Franklin Ave

Type: Retail
Price: $515,500 ($322 / SF)
Buyer: FRANKLIN AVENUE INVESTMENTS LLC
Elifin’s Notes: Hamdan family led group acquires Domino’s Pizza property with a 1,600 sq ft retail space in the St. Roch area

3500 General De Gaulle Dr, New Orleans, LA 70114
3500 General De Gaulle Dr

Type: Retail
Price: Withheld
Buyer: MARENGO PROPERTY III LLC
Elifin’s Notes: Local group acquires a RaceTrac gas station property, with 5,400 in retail space, in the Algiers 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®
Elifin Realty
marketing@elifinrealty.com
1 Comment
  • Avatar
    Ross Hogan
    Posted at 13:55h, 10 September Reply

    So Hot

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