The Pulse NOLA: Ramada Inn in Metairie trades for 8mm

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

Commercial Sales Recorded Last Week

3400 S I 10 Service Rd W, Metairie, LA 70001
3400 S I 10 Service Rd W, Metairie, LA 70001

Type: Hospitality
Price: $8,000,000 ($41,451 / Unit)
Buyer: NOLA HOTEL PROPERTIES LLC
Elifin’s Notes: A 193-unit hotel property changes ownership on South I-10 Service Road West.

609, 611 Royal St, New Orleans, LA 70130
609, 611 Royal St, New Orleans, LA 70130

Type: Mixed-Use
Price: $2,975,000 ($448.72 / SF)
Buyer: C & P ROYAL PROPERTIES LLC
Elifin’s Notes: A mixed-use property featuring ground-floor retail and residential units on the second floor sells on Royal Street.

1114 N Dorgenois St, New Orleans, LA 70119
1114 N Dorgenois St, New Orleans, LA 70119

Type: Multifamily
Price: $995,000 ($124,375 / Unit)
Buyer: GID INVESTMENTS LLC
Elifin’s Notes: An 8-unit multifamily property sells on North Dorgenois Street.

2512, 2514 St Claude Ave, New Orleans, LA 70117
2512, 2514 St Claude Ave, New Orleans, LA 70117

Type: Retail
Price: $780,000 ($243.75 / SF)
Buyer: 2514 ST CLAUDE PROPERTY LLC
Elifin’s Notes: A bar and restaurant property, formerly the Artisan Bar & Cafe, changes ownership on Saint Claude Avenue.

4851, 4853 Magazine St, New Orleans, LA 70115
4851, 4853 Magazine St, New Orleans, LA 70115

Type: Retail
Price: $750,000 ($267.67 / SF)
Buyer: DYER, KATHERINE L
Elifin’s Notes: A commercially zoned double currently used as a residential property sells on Magazine Street.

2225 Kingston St, Kenner, LA 70062
2225 Kingston St, Kenner, LA 70062

Type: Industrial
Price: $567,000 ($141.75 / SF)
Buyer: PIEDMONT WAREHOUSE HOLDINGS LLC
Elifin’s Notes: An industrial property sells near the Airport in Kenner.

4500 Leo St, Marrero, LA 70072
4500 Leo St, Marrero, LA 70072

Type: Healthcare
Price: $510,000 ($127.50 / SF)
Buyer: LIVING TRANQUIL LLC
Elifin’s Notes: A 10-bedroom assisted living facility sells at the corner of Leo Street and Avenue C.

4408 Hessmer Ave, Metairie, LA 70002
4408 Hessmer Ave, Metairie, LA 70002

Type: Retail
Price: $340,000 ($68.00 / SF)
Buyer: HIGH PERFORMANCE PROPERTIES NO 6 LLC
Elifin’s Notes: A retail property with warehouse space changes hands on Hessmer Avenue.

1516 Williams Blvd, Kenner, LA 70062
1516 Williams Blvd, Kenner, LA 70062

Type: Office
Price: $230,000 ($139.39 / SF)
Buyer: HUDCAM504 LLC
Elifin’s Notes: An office property sells near Lions Playground on Williams Boulevard.

4232 Williams Blvd (Unit F), Kenner, LA 70065
4232 Williams Blvd (Unit F), Kenner, LA 70065

Type: Office
Price: $154,000 ($128.33 / SF)
Buyer: MLC PROPERTY GROUP LLC
Elifin’s Notes: An office unit property sells on Williams Boulevard.

909 W Esplanade Ave (Unit 109), Kenner, LA 70065
909 W Esplanade Ave (Unit 109), Kenner, LA 70065

Type: Office
Price: $100,000 ($135.14 / SF)
Buyer: CWC PROPERTY INVESTMENT LLC
Elifin’s Notes: An office unit changes hands on West Esplanade Avenue.

3233 Magazine St, New Orleans, LA 70115
3233 Magazine St, New Orleans, LA 70115

Type: Retail
Price: Withheld
Buyer: 3233 MAGAZINE STREET LLC
Elifin’s Notes: The Breaux Mart property sells on Magazine Street.


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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