The Pulse NOLA: Ruth’s Chris property on Veterans sells

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

Commercial Sales Recorded Last Week

1770 Tchoupitoulas St, New Orleans, LA 70130
1770 Tchoupitoulas St, New Orleans, LA 70130

Type: Mixed-Use
Price: $8,065,000 ($78.84 / SF)
Buyer: 1770 TCHOUPITOULAS, INC.
Elifin’s Notes: A mixed-use property, comprising three buildings including an apartment complex and a storage facility, sells on Tchoupitoulas Street.

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

Type: Multifamily
Price: $1,187,500 ($56,548 / Unit)
Buyer: IRP CROWDER LLC
Elifin’s Notes: IRP Crowder LLC acquires a 21-unit multifamily property on Crowder Boulevard.

1555 Manhattan Blvd, Harvey, LA 70058
1555 Manhattan Blvd, Harvey, LA 70058

Type: Retail
Price: $1,150,000 ($164.29 / SF)
Buyer: GRETNA MANHATTAN INVESTMENT LLC
Elifin’s Notes: Hamdan Sons Investments LLC acquires a strip center at the corner of Manhattan Boulevard and Gretna Boulevard.

1333 Japonica St, New Orleans, LA 70117
1333 Japonica St, New Orleans, LA 70117

Type: Industrial
Price: $985,000 ($236.78 / SF)
Buyer: JAPONICA HOLDINGS LLC
Elifin’s Notes: An industrial warehouse property on an 0.8+ acre lot sells on Japonica Street.

603, 605 Julia St, New Orleans, LA 70130
603, 605 Julia St, New Orleans, LA 70130

Type: Mixed-Use
Price: $825,000 ($228.34 / SF)
Buyer: RED IBIS LLC
Elifin’s Notes: A mixed-use property, with retail space on the first floor and apartments above, changes ownership in the Warehouse District.

1319 Veterans Memorial Blvd, Metairie, LA 70005
1319 Veterans Memorial Blvd, Metairie, LA 70005

Type: Office
Price: $590,000 ($155.26 / SF)
Buyer: SONDRA GAYLE INSURANCE AGENCY INC
Elifin’s Notes: Sondra Gayle Insurance Agency Inc acquires an office property in Metairie.

3047 Hwy 1, Grand Isle, LA 70358
3047 Hwy 1, Grand Isle, LA 70358

Type: Retail
Price: $400,000 ($80.00 / SF)
Buyer: BROOM CAPITAL LLC
Elifin’s Notes: A convenience store/gas station sells in Grand Isle.

11331 Lake Forest Blvd, New Orleans, LA 70128
11331 Lake Forest Blvd, New Orleans, LA 70128

Type: Mixed-Use
Price: $300,000 ($50.00 / SF)
Buyer: SCANDALIATO AMY KATE
Elifin’s Notes: A mixed-use property with both retail and office storefronts changes hands on Lake Forest Boulevard.

1630, 1632 Lafayette St, Gretna, LA 70053
1630, 1632 Lafayette St, Gretna, LA 70053

Type: Retail
Price: $296,233 ($89.33 / SF)
Buyer: WH SEAFOOD LLC
Elifin’s Notes: A retail property, occupied by a seafood store, changes hands on Lafayette Street in Gretna.

Lots 61, 62, 63 Richland St, Kenner, LA 70062
Lots 61, 62, 63 Richland St, Kenner, LA 70062

Type: Land
Price: $155,000 ($20.93 / Land SF)
Buyer: 2529 RICHLAND LLC
Elifin’s Notes: A 0.1+ acre gravel lot sells on Richland Street near the Louis Armstrong Airport.

1041 Derbigny St, Gretna, LA 70053
1041 Derbigny St, Gretna, LA 70053

Type: Office
Price: $150,000 ($64.94 / SF)
Buyer: 1041 DERBIGNY LLC
Elifin’s Notes: An office property sells on Derbigny Street in Gretna.

3633 Veterans Memorial Blvd, Metairie, LA 70002
3633 Veterans Memorial Blvd, Metairie, LA 70002

Type: Retail
Price: Withheld
Buyer: REALTY INCOME US CORE PLUS 3 LP
Elifin’s Notes: Realty Income, a California-based REIT, purchases the Ruth’s Chris Steakhouse property on Veterans in Metairie. The entity also purchased the FedEx truck terminal on North Harrells Ferry Road in Baton Rouge this week.


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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