The Pulse NOLA: Metairie office building sells for 2.15mm

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

Commercial Sales Recorded Last Week

3045 Ridgelake Dr, Metairie, LA 70002
3045 Ridgelake Dr, Metairie, LA 70002

Type: Office
Price: $2,150,000 ($170.82 / SF)
Buyer: 3045 RIDGELAKE LLC
Elifin’s Notes: A three-story office building sells at the intersection of 20th Street and Ridgelake Drive.

5050-5058 Lapalco Blvd, Marrero, LA 70072
5050-5058 Lapalco Blvd, Marrero, LA 70072

Type: Retail
Price: $899,000 ($64.21 / SF)
Buyer: COVERED PROPERTIES LLC
Elifin’s Notes: A neighborhood retail center sells along Lapalco Boulevard next to Johnny’s Seafood.

5495 Crowder Blvd, New Orleans, LA 70127
5495 Crowder Blvd, New Orleans, LA 70127

Type: Retail
Price: $725,000 ($24.55 / SF)
Buyer: TR 510 INVESTMENT LLC
Elifin’s Notes: A neighborhood retail center changes hands along Crowder Boulevard

612 Papworth Ave, Metairie, LA 70005
612 Papworth Ave, Metairie, LA 70005

Type: Retail
Price: $376,000 ($128.33 / SF)
Buyer: 612 PAPWORTH LLC
Elifin’s Notes: The owner of Fleurty Girl purchases a showroom/warehouse property near their current Papworth Avenue location in Metairie

1400 N Causeway Blvd, Metairie, LA 70001
1400 N Causeway Blvd, Metairie, LA 70001

Type: Retail
Price: $335,000 ($471.83 / SF)
Buyer: BAILLIO HUGH C JR
Elifin’s Notes: A used automotive sales commercial property sells along North Causeway Boulevard in Metairie

8725 Oak St, New Orleans, LA 70118
8725 Oak St, New Orleans, LA 70118

Type: Retail
Price: $250,000 ($195.31 / SF)
Buyer: BREWERS ALLEY
Elifin’s Notes: A retail property sells within the Leonidas Neighborhood

618 Dauphine St, New Orleans, LA 70112
618 Dauphine St, New Orleans, LA 70112

Type: Multifamily
Price: Withheld
Buyer: NOLA INVESTMENT SOLUTIONS LLC
Elifin’s Notes: An 8-unit multifamily property sells in the French Quarter; the property consists of four 1BR/1BA, two 2BR/2BA, and two 2BR/2.5BA

3157 Tchoupitoulas St, New Orleans, LA 70115
3157 Tchoupitoulas St, New Orleans, LA 70115

Type: Mixed-Use
Price: Withheld
Buyer: LILA VALENTINES LLC
Elifin’s Notes: A mixed-use property with warehouse space on the first floor and a 3 bedroom residential unit on the second floor sells in the Irish Channel

17600 Paris Rd, New Orleans, LA 70129
17600 Paris Rd, New Orleans, LA 70129

Type: Land
Price: Withheld
Buyer: COUSIN CONSTRUCTION & HOME IMPROVEMENT L L C
Elifin’s Notes: A parcel of 3.5+ acres of vacant land sells along Paris Road near Lake Ponchartrain


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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