The Pulse NOLA: Ochsner Health Center Location Sold to Florida Firm

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

Commercial Sales Recorded Last Week

1532 Allen Toussaint Blvd
1532 Allen Toussaint Blvd

Type: Office
Price: $35,250,000 ($606 / SF)
Buyer: PARADISE CAY APARTMENTS LLC
Elifin’s Notes: A Florida based firm acquires the over 58,000 sq ft Oschner Health Center in the Filmore area

1315 Southlawn Blvd
1315 Southlawn Blvd

Type: Multifamily
Price: $6,500,000 ($52,000 / Unit)
Buyer: SLIDELL RENTALS I LLC
Elifin’s Notes: Sprawling 125-unit apartment complex, centrally located in the Behrman area along General Meyer Avenue changes hands from local developer to local investor

3621 General Degaulle Dr
3621 General Degaulle Dr

Type: Retail
Price: $6,228,197 ($465 / SF)
Buyer: NS RETAIL HOLDINGS LLC
Elifin’s Notes: Dallas firm acquires 2.25 acre lot, improved with a CVS Pharmacy, along Algiers’ main thoroughfare

6700, 6740, 6780 Bundy Rd
6700, 6740, 6780 Bundy Rd

Type: Multifamily
Price: $3,500,000 ($76,087 / Unit)
Buyer: SLIDELL RENTALS I LLC
Elifin’s Notes: Bundy Apartment complex, with 46 units, sells to local investor

2854 St Charles Ave
2854 St Charles Ave

Type: Mixed-Use
Price: $2,400,000 ($334 / SF)
Buyer: ST CHARLES INVESTMENTS LLC
Elifin’s Notes: Perfectly located on St. Charles Avenue and acquired by a local investment group, this property has 5 residential units with a street level restaurant space.

10600 Chef Menteur Hwy
10600 Chef Menteur Hwy

Type: Retail
Price: $2,049,811 ($219 / SF)
Buyer: FDI POSTAL PROPERTIES I INC
Elifin’s Notes: Maryland based firm acquires 2.42 acre lot, improved with a Dollar General, in the center of the New Orleans East area

3500 Holiday Dr
3500 Holiday Dr

Type: Retail
Price: $900,000 ($194 / SF)
Buyer: ST THOMAS COMMUNITY HEALTH CENTER INC
Elifin’s Notes: Community Health Center purchases 4,650 sq ft drive-thru equipped building in Algiers.

2616 South Broad Street
2616 South Broad Street

Type: Land
Price: $405,000 ($52.11 / Land SF)
Buyer: ODYSSEY HOUSE LOUISIANA INC
Elifin’s Notes: Local non-profit secures .18 acre lot on South Broad at the forefront of development for the Hoffman Triangle area.

2112, 2104 Tulane Ave
2112, 2104 Tulane Ave

Type: Land
Price: Withheld
Buyer: FSA REALTY L L C
Elifin’s Notes: LSU Health Foundation acquires two parcels of land along Tulane Avenue, adding 0.2 acres to their holdings in the area.


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®
Elifin Realty
marketing@elifinrealty.com
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