The Pulse NOLA: New Medical office sells for 2.8mm

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

Commercial Sales Recorded Last Week

2405 Sanctuary Dr
2405 Sanctuary Dr

Type: Specialty
Price: $2,800,000
Buyer: NEW ORLEANS MILITARY AND MARITIME ACADEMY INC
Elifin’s Notes: The Algiers Development District sells to the New Orleans Military and Maritime Academy its’ own campus and additional property in the Whitney area of Algiers

2558 Barataria Blvd
2558 Barataria Blvd

Type: Office
Price: $2,388,039
Buyer: FCPT HOLDINGS LLC
Elifin’s Notes: A California-based property trust purchases an newly constructed medical office property along Barataria Boulevard in the Estelle Subdivision of the Ames Farms area

1331 Prytania St
1331 Prytania St

Type: Specialty
Price: $1,755,000 ($223.14 / SF)
Buyer: SOKA GAKKAI INTERNATIONAL USA
Elifin’s Notes: California-based bhuddist non-profit entity purchases special purpose building with adjacent parking space in a prime area of the LGD

2120 Prytania St
2120 Prytania St

Type: Multifamily
Price: $1,000,000 ($166,667 / Unit)
Buyer: Krystle International Inc; Melanie Robinson
Elifin’s Notes: A 6-unit multifamily property sells in the Lower Garden District

2309 6th Street
2309 6th Street

Type: Multifamily
Price: $925,000 ($46,250 / Unit)
Buyer: Downtown LLC
Elifin’s Notes: Multifamily property sells in the Garden District near Prytania Street

2829 Frenchmen St
2829 Frenchmen St

Type: Industrial
Price: $730,100 ($310.15 / SF)
Buyer: CORDEIRO BUILDING SUPPLIES LLC
Elifin’s Notes: Industrial property sitting on 2.4+ acres over two parcels sells in the St. Roch area

7040 Barataria Blvd
7040 Barataria Blvd

Type: Hospitality
Price: $560,000 ($46,666.67 / SF)
Buyer: SYLVAN RENTAL LLC
Elifin’s Notes: Unique property near the Jean Lafitte National Park sells boasting 1 residential building, 9 cabins for renting purposes, 1 laundry, 1 commercial restaurant/bar building

7535 Westbank Expy
7535 Westbank Expy

Type: Office
Price: $390,000 ($185.71 / SF)
Buyer: Hongloan T Pham, Vietquynh H Pham
Elifin’s Notes: Local investors purchase office space, previously used as a dentist’s office, along the Westbank Expressway in the Edwards area of Marrero

1121 Antonine St
1121 Antonine St

Type: Multifamily
Price: Withheld
Buyer: PERRIER PROPERTIES LLC
Elifin’s Notes: An 8-unit multifamily property sells in the Touro area

1096 4th St
1096 4th St

Type: Office
Price: Withheld
Buyer: 1096 FOURTH STREET INVESTMENTS LLC
Elifin’s Notes: In one of three investments this past week, an Imad Hamdan-led entity purchases a office property in the Dumonde area of Westwego

2401 Manhattan Blvd
2401 Manhattan Blvd

Type: Retail
Price: Withheld
Buyer: 2401 MANHATTAN INVESTMENTS LLC
Elifin’s Notes: In one of three purchases this past week, an Imad Hamdan-led entity purchases a 4-unit retail location in the Kensington Gardens area

5523 Saint Claude Ave
5523 Saint Claude Ave

Type: Retail
Price: Withheld
Buyer: INFINITY FUELS LLC
Elifin’s Notes: Retail property sells in the Lower Ninth Ward at the corner of Saint Claude Avenue and Fats Domino Avenue

540 Lapalco Blvd
540 Lapalco Blvd

Type: Retail
Price: Withheld
Buyer: LAPALCO SEVEN CENTER LLC
Elifin’s Notes: In one of three sales this past week, an Imad Hamdan-led entity purchases a 7-unit retail center in the Oakdale area of Gretna

819 Magazine St
819 Magazine St

Type: Industrial
Price: Withheld
Buyer: 819 Magazine Owner LLC
Elifin’s Notes: Local investors acquires 5,270 sq ft of warehouse/distribution space along Magazine Street in the Warehouse District


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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