The Pulse NOLA: Restaurant and bar portfolio sells

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

Commercial Sales Recorded Last Week

4704 Veterans Memorial Blvd, Metairie, LA 70006
4704 Veterans Memorial Blvd, Metairie, LA 70006

Type: Retail
Price: $3,475,000 ($259.79 / SF)
Buyer: AREA 55 LLC
Elifin’s Notes: A retail strip center sells along Veterans Memorial Boulevard in Metairie.

117 Central Dr, Metairie, LA 70005
117 Central Dr, Metairie, LA 70005

Type: Industrial
Price: $475,000 ($121.79 / SF)
Buyer: 117 CENTRAL DRIVE LLC
Elifin’s Notes: An industrial property sells behind the Oak Bridge Place shopping center near the corner of Metairie Road and Frisco Avenue.

1300 Edwards Ave, 1301 Sams Ave, 5730 Powell St, New Orleans, LA 70123
1300 Edwards Ave, New Orleans, LA 70123

Type: Industrial
Price: Withheld
Buyer: 1300 EDWARDS LLC
Elifin’s Notes: A large-scale industrial distribution facility occupying a 9.7+ acre square block sells within Elmwood.

5708 Citrus Blvd, 2019 Paris Rd, 8431 W St Bernard Hwy, 6940 St Claude Ave, Elmwood, LA 70123
5708 Citrus Blvd, Elmwood, LA 70123
2019 Paris Rd, Chalmette, LA 70043
8431 W St Bernard Hwy, Chalmette, LA 70043
6940 St Claude Ave, Arabi, LA 70032

Type: Retail
Price: Withheld
Buyer: JGGC PROPERTIES LLC
Elifin’s Notes: A retail portfolio, made up of four restaurant and bar properties across St. Bernard Parish and Jefferson Parish, sells to a local investor.


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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