The Pulse NOLA: OM Causeway Realty purchases gas station

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

Commercial Sales Recorded Last Week

4408 S I-10 Service Road W, Metairie, LA 70001
4408 S I-10 Service Road W, Metairie, LA 70001

Type: Retail
Price: $2,650,000 ($854.84 / SF)
Buyer: 4408 CLEARVIEW INVESTMENTS LLC
Elifin’s Notes: Hamdan Sons Investments purchase a Brother’s branded gas station near the Clearview Parkway.

900 N Rampart St, New Orleans, LA 70116
900 N Rampart St, New Orleans, LA 70116

Type: Mixed Portfolio
Price: $2,116,375 ($215.39 / SF)
Buyer: 900 N RAMPART LLC
Elifin’s Notes: A portfolio sells with three buildings: a restaurant building, an ancillary building, and a multifamily building.

2230 Peters Rd, Harvey, LA 70058
2230 Peters Rd, Harvey, LA 70058

Type: Industrial
Price: $1,950,000 ($61.32 / SF)
Buyer: T&T SALVAGE LLC
Elifin’s Notes: This property consists of three office/warehouse buildings sitting on land with 300 feet of water frontage on the Harvey Canal.

3200 Veterans Memorial Blvd, Metairie, LA 70002
3200 Veterans Memorial Blvd, Metairie, LA 70002

Type: Retail
Price: $825,000 ($366.67 / SF)
Buyer: OM CAUSEWAY REALTY LLC
Elifin’s Notes: OM Causeway Realty has acquired a convenience store/gas station, with a drive-thru car wash, along Veterans Boulevard.

2216 Amelia St, New Orleans, LA 70115
2216 Amelia St, New Orleans, LA 70115

Type: Multifamily
Price: $819,600 ($81,960 / Unit)
Buyer: Amelia Street Suites, LLC
Elifin’s Notes: A 10-unit multifamily property sells in the Milan area.

1025 E Harimaw Ct, Metairie, LA 70001
1025 E Harimaw Ct, Metairie, LA 70001

Type: Industrial
Price: $757,000 ($77.44 / SF)
Buyer: 1025 HARIMAW CT E LLC
Elifin’s Notes: An industrial flex property trades within the Shrewsbury area.

7122-7130 Crowder Blvd, New Orleans, LA 70127
7122-7130 Crowder Blvd, New Orleans, LA 70127

Type: Multifamily
Price: $730,000 ($60,833 / Unit)
Buyer: PENDLETON CORNELL
Elifin’s Notes: A 12-unit multifamily property sells on Crowder Boulevard.

6314 Jefferson Hwy, Harahan, LA 70123
6314 Jefferson Hwy, Harahan, LA 70123

Type: Industrial
Price: $700,000 ($160.00 / SF)
Buyer: HERNANDEZ CELSO E
Elifin’s Notes: This sale includes a metal warehouse building currently under construction.

1508 Barataria Blvd, Marrero, LA 70072
1508 Barataria Blvd, Marrero, LA 70072

Type: Retail
Price: $476,000 ($219.96 / SF)
Buyer: ERNEST ELLIOTT LLC
Elifin’s Notes: A restaurant changes hands along Barataria Boulevard.

1605 Lake Ave, Metairie, LA 70005
1605 Lake Ave, Metairie, LA 70005

Type: Multifamily
Price: $425,000 ($53,125 / Unit)
Buyer: ALP PROPERTY MANAGEMENT LLC
Elifin’s Notes: ALP Property Management has purchased an 8-unit multifamily property.

6209 Airline Dr, Metairie, LA 70003
6209 Airline Dr, Metairie, LA 70003

Type: Retail
Price: $325,000 ($116.07 / SF)
Buyer: 6209 AIRLINE LLC
Elifin’s Notes: An auto repair retail property has changed hands on Airline Drive.

3801 N Causeway Blvd (Suites 201, 203), Metairie, LA 70002
3801 N Causeway Blvd (Suites 201, 203), Metairie, LA 70002

Type: Office
Price: $278,459 ($200.04 / SF)
Buyer: ACCESS TO MEANINGFUL EMPLOYMENT
Elifin’s Notes: An office condominium sells along North Causeway Boulevard near the New Orleans Marriott hotel.

427 Brown Ave, Harvey, LA 70058
427 Brown Ave, Harvey, LA 70058

Type: Industrial
Price: $150,000 ($31.25 / SF)
Buyer: SURIMAR LLC
Elifin’s Notes: An industrial property sells in Harvey.

4332 Carrere Ct, New Orleans, LA 70129
4332 Carrere Ct, New Orleans, LA 70129

Type: Land
Price: $60,000 ($0.33 / Land SF)
Buyer: Terry Dalke Jr
Elifin’s Notes: A vacant industrial parcel of 4+ acres sells on Carrere Court.

640 Camp St, New Orleans, LA 70130
640 Camp St, New Orleans, LA 70130

Type: Office
Price: Withheld
Buyer: SAACKS MATTHEW B; SAACKS KAREN ELIZABETH
Elifin’s Notes: The office building at 640 Camp sells in the CBD.

11601, 11621 Old Gentilly Rd, New Orleans, LA 70127
11601, 11621 Old Gentilly Rd, New Orleans, LA 70127

Type: Land
Price: Withheld
Buyer: BENTON TREE SERVICE LLC
Elifin’s Notes: Benton Tree Service has acquired a 4.6+ acre parcel of land, on Old Gentilly Road.


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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