The Pulse NOLA: Medical property sold to NY investor for 5.4 million

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

Commercial Sales Recorded Last Week

2908 General De Gaulle Dr
2908 General De Gaulle Dr

Type: Office
Price: $5,442,000 ($755.10 / SF)
Buyer: SMBC LEASING AND FINANCE INC
Elifin’s Notes: New York-based entity purchases an office property occupied by Fresenius Kidney Care in the Behrman area

4421 Burgundy St
4421 Burgundy St

Type: Multifamily
Price: $720,000 ($72,000 / Unit)
Buyer: ROAK REAL ESTATE LLC
Elifin’s Notes: A 10-unit multifamily property sells in the Bywater area

1404 Hickory Ave
1404 Hickory Ave

Type: Multifamily
Price: $500,000 ($100,000 / Unit)
Buyer: ABS ESTATES LLC
Elifin’s Notes: In one of two transactions, local investors purchases adjacent 5-unit multifamily properties in the Hickory Haven area

1408 Hickory Ave
1408 Hickory Ave

Type: Multifamily
Price: $500,000 ($100,000 / Unit)
Buyer: ABS ESTATES LLC
Elifin’s Notes: In one of two transactions, local investors purchases adjacent 5-unit multifamily properties in the Hickory Haven area

3229 Edenborn Ave
3229 Edenborn Ave

Type: Retail
Price: $330,000 ($132.00 / SF)
Buyer: 3229 EDENBORN LLC
Elifin’s Notes: Local investor purchases retail property in the Hessmer Farms area

8300 Chef Menteur Hwy
8300 Chef Menteur Hwy

Type: Industrial
Price: $300,000 ($75.70 / SF)
Buyer: ALPHA GUTTERS LLC
Elifin’s Notes: Industrial property sells along Chef Menteur Highway in the Viavant/Venetian Isles area

126 Lasalle St
126 Lasalle St

Type: Office
Price: $296,250 ($164.58 / SF)
Buyer: The Administrators of the Tulane Education Fund
Elifin’s Notes: The Tulane Educational Fund purchases an office building in the CBD area

2800 4th St
2800 4th St

Type: Retail
Price: $200,000 ($89.21 / SF)
Buyer: 2800 4TH STREET LLC
Elifin’s Notes: Local investor purchases retail restaurant property in Harvey

137 Delaronde St
137 Delaronde St

Type: Land
Price: $200,000 ($30.61 / Land SF)
Buyer: AUST PROPERTIES LLC
Elifin’s Notes: An Alabama-based entity purchases .1+ acres of vacant commercial land across two parcels in Algiers Point

215 Tchoupitoulas St
215 Tchoupitoulas St

Type: Office
Price: Withheld
Buyer: ST MARYS FARMS OF LOUISIANA L L C; MAISON TCHOUPITOULAS LLC
Elifin’s Notes: Unique office property sells at the corner of Tchoupitoulas Street and Gravier Street


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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