The Pulse NOLA: Metairie Towers Condominiums sells for 24.5mm

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

Commercial Sales Recorded Last Week

401 Metairie Rd, Metairie, LA 70005
401 Metairie Rd, Metairie, LA 70005

Type: Multifamily
Price: $24,500,000 ($111,872 / Unit)
Buyer: DKA ONE LLC
Elifin’s Notes: The Metairie Towers Condominiums Complex sells in Old Metairie.

225 Hord St, New Orleans, LA 70123
225 Hord St, New Orleans, LA 70123

Type: Industrial
Price: $1,100,000 ($62.86 / SF)
Buyer: ELLIOTT PARTNERS LTD
Elifin’s Notes: The owners of Elliot Electric Supply, out of Nacogdoches, Texas, purchases an industrial property in Elmwood.

8923, 8935 Jefferson Hwy, River Ridge, LA 70123
8923, 8935 Jefferson Hwy, River Ridge, LA 70123

Type: Retail
Price: $1,000,000 ($105.78 / SF)
Buyer: KING LOUIE PROPERTIES LLC
Elifin’s Notes: King Louie Properties has acquired the Louie’s River Ridge Hardware property on Jefferson Highway.

4900 Jefferson Hwy, New Orleans, LA 70121
4900 Jefferson Hwy, New Orleans, LA 70121

Type: Industrial
Price: $910,000 ($82.73 / SF)
Buyer: PRESTIGE ORANGE PROPERTIES WORLDWIDE LLC
Elifin’s Notes: A local entity purchases an industrial flex property at 4900 Jefferson Highway.

734 Touro St, New Orleans, LA 70116
734 Touro St, New Orleans, LA 70116

Type: Retail
Price: $610,000 ($333.70 / SF)
Buyer: IKES OF NEW ORLEANS LLC
Elifin’s Notes: A retail property sells on Dauphine Street.

303 Funston St, New Orleans, LA 70123
303 Funston St, New Orleans, LA 70123

Type: Industrial
Price: $455,000 ($119.74 / SF)
Buyer: CLA PROPERTIES LLC
Elifin’s Notes: An industrial property trades on Funston Street.

2924 S Monterey Ct, Terrytown, LA 70056
2924 S Monterey Ct, Terrytown, LA 70056

Type: Multifamily
Price: $337,000 ($84,250 / Unit)
Buyer: 2924 Monterey, LLC
Elifin’s Notes: Fully-occupied fourplex sells in Terrytown.

913 E Monterey Ct, Terrytown, LA 70056
913 E Monterey Ct, Terrytown, LA 70056

Type: Multifamily
Price: $337,000 ($84,250 / Unit)
Buyer: Elite Selections LLC
Elifin’s Notes: Fourplex sells in Terrytown.

944 E Monterey Ct, Terrytown, LA 70056
944 E Monterey Ct, Terrytown, LA 70056

Type: Multifamily
Price: $337,000 ($84,250 / Unit)
Buyer: Elite Selections LLC
Elifin’s Notes: Fully-occupied fourplex sells in Terrytown.

228 Decatur St, New Orleans, LA 70130
228 Decatur St, New Orleans, LA 70130

Type: Mixed-Use
Price: Withheld
Buyer: 228 Decatur LLC
Elifin’s Notes: This mixed use property has two of the four levels devoted to retail space, home to Beckham’s BookShop.


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
No Comments

Post A Comment