The Pulse NOLA: Mixed-use property sells along Magazine Street

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

Commercial Sales Recorded Last Week

10 Commerce Ct, New Orleans, LA 70123
10 Commerce Ct, New Orleans, LA 70123

Type: Industrial
Price: $1,500,000 ($121.38 / SF)
Buyer: AB&LD PROPERTIES LLC
Elifin’s Notes: AB&LD Properties acquires a property in Elmwood featuring 7520 SF of industrial warehouse space and 4838 SF of office space.

5414, 5418 Magazine St, New Orleans, LA 70115
5414, 5418 Magazine St, New Orleans, LA 70115

Type: Mixed-Use
Price: $1,350,000 ($262.75 / SF)
Buyer: 5414 MAGAZINE PROPERTY MANAGEMENT LLC
Elifin’s Notes: A mixed-use property, with street-level retail and apartments on the second floor, sells near the corner of Magazine Street & Jefferson Avenue.

7801 Townsend Pl, New Orleans, LA 70126
7801 Townsend Pl, New Orleans, LA 70126

Type: Industrial
Price: $850,000 ($40.19 / SF)
Buyer: GULF COAST BLENDERS LLC
Elifin’s Notes: Gulf Coast Blenders LLC acquires an industrial warehouse property in Seabrook, near the New Orleans Lakefront Airport.

5817 Citrus Blvd, Elmwood, LA 70123
5817 Citrus Blvd, Elmwood, LA 70123

Type: Office
Price: $745,000 ($110.16 / SF)
Buyer: 5817 CITRUS BLVD LLC
Elifin’s Notes: A multi-tenant office property sells within Elmwood Business Park.

519 Hamilton St, Gretna, LA 70053
519 Hamilton St, Gretna, LA 70053

Type: Multifamily
Price: $490,000 ($49,000 / Unit)
Buyer: MLA PROPERTIES&HOSPITALITY LLC
Elifin’s Notes: MLA Properties and Hospitality acquires a 10-unit multifamily property in Gretna.

Lot F-1A Destrehan Ave, Harvey, LA 70058
Lot F-1A Destrehan Ave, Harvey, LA 70058

Type: Land
Price: $400,000 ($3.44 / Land SF)
Buyer: SNR PROPERTIES LLC
Elifin’s Notes: SNR Properties acquires a 2.6+ acre parcel of land on Destrehan Avenue.

700 Papworth Ave (Units 101, 102, 103), Metairie, LA 70005
700 Papworth Ave (Units 101, 102, 103), Metairie, LA 70005

Type: Office
Price: $315,000 ($171.38 / SF)
Buyer: ADAMS&WHITE PROPERTIES LLC
Elifin’s Notes: Adams & White Properties acquires an office condominium space on Papworth Avenue.

3801 N Causeway Blvd (Unit 304), Metairie, LA 70002
3801 N Causeway Blvd (Unit 304), Metairie, LA 70002

Type: Office
Price: $300,000 ($250.84 / SF)
Buyer: MERLIN CAUSEWAY VENTURES LLC
Elifin’s Notes: Merlin Causeway Ventures acquires an office condominium on North Causeway Boulevard.

3920 Saint Bernard Ave, New Orleans, LA 70122
3920 Saint Bernard Ave, New Orleans, LA 70122

Type: Land
Price: $180,000 ($12.55 / Land SF)
Buyer: Zakem Art LLC
Elifin’s Notes: An 0.3+ acre parcel of land trades on Saint Bernard Avenue.

Lot CK-16B Nine Mile Point, Bridge City, LA 70094
Lot CK-16B Nine Mile Point, Bridge City, LA 70094

Type: Land
Price: Withheld
Buyer: TDG AEC BRIDGE CITY LLC
Elifin’s Notes: A 7.9+ acre parcel of land sells on Nine Mile Point.


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