The Pulse NOLA: One Canal Place sold for 27.8mm

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

Commercial Sales Recorded Last Week

365 Canal St, New Orleans, LA 70130
365 Canal St, New Orleans, LA 70130

Type: Office
Price: $27,875,000 ($42.72 / SF)
Buyer: AGGREGATED HOLDINGS OF NEW ORLEANS LLC
Elifin’s Notes: A New York-based entity purchases One Canal Place, a 32-story 650k sq ft office tower.

7001 Lawrence Rd, New Orleans, LA 70126
7001 Lawrence Rd, New Orleans, LA 70126

Type: Multifamily
Price: $3,750,000 ($14,259 / Unit)
Buyer: 7001 LAWRENCE ROAD, LLC
Elifin’s Notes: Through a court mandated auction, a California-based company purchases The Willows Apartment Complex.

650 Central Ave, Metairie, LA 70121
650 Central Ave, Metairie, LA 70121

Type: Multifamily
Price: $3,150,000 ($63,000 / Unit)
Buyer: 650 CENTRAL LLC
Elifin’s Notes: A 50-unit multifamily apartment property changes ownership on Central Avenue.

400 Coconut Beach Ct, Kenner, LA 70065
400 Coconut Beach Ct, Kenner, LA 70065

Type: Multifamily
Price: $2,500,000 ($208,333 / Unit)
Buyer: 400 COCONUT BEACH EXCHANGE LLC
Elifin’s Notes: A 12-unit multifamily property with land set for two additional similar buildings sells in Kenner.

1700 S Rampart St, New Orleans, LA 70113
1700 S Rampart St, New Orleans, LA 70113

Type: Multifamily
Price: $760,000 ($108,571 / Unit)
Buyer: TRES LUMINA LLC
Elifin’s Notes: This property sold for $600k in 2021.

4612 4th St, Marrero, LA 70072
4612 4th St, Marrero, LA 70072

Type: Industrial
Price: $575,000 ($58.03 / SF)
Buyer: KC TASSIN INVESTMENTS
Elifin’s Notes: A warehouse, most recently used as a sports performance training facility, sells in Marrero.

3521 N Arnoult Rd (Unit B), Metairie, LA 70002
3521 N Arnoult Rd (Unit B), Metairie, LA 70002

Type: Office
Price: $415,000 ($221.10 / SF)
Buyer: T&R REAL ESTATE HOLDINGS LLC
Elifin’s Notes: An office unit property currently operating as dental clinic sells on North Arnoult Road.

3059 Hwy  1, Grand Isle, LA 70358
3059 Hwy 1, Grand Isle, LA 70358

Type: Retail
Price: $400,000 ($266.31 / SF)
Buyer: CAPT PETES LLC
Elifin’s Notes: This sale is part of Yum’s Restaurant changing names and ownership in Grand Isle.

841 Gretna Blvd, Gretna, LA 70053
841 Gretna Blvd, Gretna, LA 70053

Type: Industrial
Price: $280,570 ($50.27 / SF)
Buyer: LINDSEY ARNOLD LAW OFFICE LLC
Elifin’s Notes: A gym warehouse-style property occupied by Crescent City Community Fitness sells in Gretna.


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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