The Pulse NOLA: Old Holy Cross Campus Sold plus Benson group buys Bourbon St building

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

Commercial Sales Recorded Last Week

6200 Saint Charles Ave, New Orleans, LA 70118
6200 Saint Charles Ave

Type: Specialty
Price: $1,750,000 ($126 / SF)
Buyer: 6200 ST CHARLES LLC
Elifin’s Notes: Local investors acquire a two-story 13,836 sq ft historic church on St. Charles Avenue, a block off of Audubon Park

3133 Ponce De Leon St
3133 Ponce De Leon St

Type: Retail
Price: $870,590 ($445 / SF)
Buyer: MOOSE AND NOVA LLC
Elifin’s Notes: Local investors acquire 1,957 sq ft restaurant space in the Bayou St. Johns area

4807 Magazine St
4807 Magazine St

Type: Retail
Price: $845,000 ($417 / SF)
Buyer: MAG OAK MANAGEMENT LLC
Elifin’s Notes: Local investors with ownership ties to the Le Bon Temps Roule Bar, acquire the next door 2,026 sq ft restaurant space, formerly occupied by Surrey’s Uptown

4950 Dauphine St
4950 Dauphine St

Type: Land
Price: Withheld
Buyer: DAUPHINE FAUBOURG LLC
Elifin’s Notes: The Old Holy Cross School and Campus, consisting of 12.32 acres of land and the 39,936 sq ft former main schoolhouse, was bought by a local developer.

735 Saint Louis St; 500-510 Bourbon St
735 Saint Louis St; 500-510 Bourbon St

Type: Retail
Price: Withheld
Buyer: GMB PROPERTIES FRENCH QTR L L C
Elifin’s Notes: A Gayle Benson led entity acquires the former Chris Owens building containing multiple retail spaces and consisting of 31,833 total sq ft sitting squarely in the middle of the French Quarter

106 Royal Street, 631 Canal Street
106 Royal Street, 631 Canal Street

Type: Retail
Price: Withheld
Buyer: ROYAL AND CANAL L L C
Elifin’s Notes: Local investor acquires two buildings, collectively having 10,006 sq ft of space, connected together and individually fronting on Royal St and Canal St respectively


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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