The Pulse NOLA: Strip center sells at Algiers Plaza

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

Commercial Sales Recorded Last Week

1105 Veterans Memorial Blvd (Land Only), Metairie, LA 70005
1105 Veterans Memorial Blvd (Land Only), Metairie, LA 70005

Type: Land
Price: $2,650,000 ($85.68 / Land SF)
Buyer: KMHSHELL LLC
Elifin’s Notes: KMHShell LLC purchases a parcel of land, not including the improvements, next to a gas station/convenience store which they currently own.

2831 St Claude Ave, New Orleans, LA 70117
2831 St Claude Ave, New Orleans, LA 70117

Type: Office
Price: $2,250,000 ($210.28 / SF)
Buyer: REBUILDING TOGETHER NEW ORLEANS
Elifin’s Notes: Rebuilding Together New Orleans, a non-profit organization, acquires a co-working office property at the corner of Saint Claude Avenue and Press Street.

4140 General De Gaulle Dr, New Orleans, LA 70131
4140 General De Gaulle Dr, New Orleans, LA 70131

Type: Retail
Price: $1,744,000 ($329.18 / SF)
Buyer: HERO LANDS COMPANY LLC
Elifin’s Notes: Hero Lands Company LLC acquires a multi-tenant strip center property situated as an outparcel to Algiers Plaza.

3947 Magazine St, New Orleans, LA 70115
3947 Magazine St, New Orleans, LA 70115

Type: Retail
Price: $1,025,000 ($833.33 / SF)
Buyer: 3947 MAGAZINE INVESTMENTS LLC
Elifin’s Notes: A retail property changes hands on Magazine Street.

1018 Bienville St, New Orleans, LA 70112
1018 Bienville St, New Orleans, LA 70112

Type: Multifamily
Price: $949,000 ($189,800 / Unit)
Buyer: DUKLO ZETA LLC
Elifin’s Notes: A 5-unit multifamily property sells in the French Quarter.

152, 156 Caroline Ave, River Ridge, LA 70123
152, 156 Caroline Ave, River Ridge, LA 70123

Type: Multifamily
Price: $850,000 ($106,250 / Unit)
Buyer: REDMANN CAROLE L
Elifin’s Notes: An 8-unit multifamily property sells on Caroline Avenue in River Ridge.

1705 Lapalco Blvd, Harvey, LA 70058
1705 Lapalco Blvd, Harvey, LA 70058

Type: Office
Price: $745,000 ($138.58 / SF)
Buyer: TUFTON PROPERTIES LLC
Elifin’s Notes: Tufton Properties LLC acquires an office property near the corner of Lapalco Boulevard and Manhattan Boulevard.

4700 Jefferson Hwy, New Orleans, LA 70121
4700 Jefferson Hwy, New Orleans, LA 70121

Type: Multifamily
Price: $575,000 ($31,944 / Unit)
Buyer: 4700 JEFFERSON HWY LLC
Elifin’s Notes: An 18-unit multifamily property, built in 1930, sells at the corner of Jefferson Heights Avenue and Jefferson Highway.

4430, 4432 S Carrollton Ave, New Orleans, LA 70119
4430, 4432 S Carrollton Ave, New Orleans, LA 70119

Type: Retail
Price: $530,000 ($402.43 / SF)
Buyer: MID CITY HOLDINGS LLC
Elifin’s Notes: Mid City Holdings LLC acquires a service station at the corner of Carrollton Avenue and Banks Street.

325 Andrew Higgins Blvd, New Orleans, LA 70130
325 Andrew Higgins Blvd, New Orleans, LA 70130

Type: Retail
Price: $490,000 ($394.84 / SF)
Buyer: OMBRA NOLA LLC
Elifin’s Notes: A standalone commercial building sells on Andrew Higgins Boulevard.

5620 River Rd, Marrero, LA 70072
5620 River Rd, Marrero, LA 70072

Type: Industrial
Price: $287,500 ($68.45 / SF)
Buyer: 5620 RIVER ROAD LLC
Elifin’s Notes: A two-story industrial property sells on River Road in Marrero.

2408, 2412 Tifton St, Kenner, LA 70062
2408, 2412 Tifton St, Kenner, LA 70062

Type: Land
Price: $250,000 ($20.50 / Land SF)
Buyer: MEDRANO HOLDINGS II LLC
Elifin’s Notes: Medrano Holdings II LLC acquires an 0.2+ acre parcel of vacant land within the Bainbridge Office & Industrial Park.

4400 Trenton St (Unit I), Metairie, LA 70006
4400 Trenton St (Unit I), Metairie, LA 70006

Type: Office
Price: $180,000 ($164.53 / SF)
Buyer: BBK PROP LLC
Elifin’s Notes: An office condo changes ownership on Trenton Street near the Clearview Mall.

3430 Jefferson Hwy, Jefferson, LA 70121
3430 Jefferson Hwy, Jefferson, LA 70121

Type: Retail
Price: $150,000 ($60.00 / SF)
Buyer: MCDONALD KRISTIE B MCDONALD JOHN M JR
Elifin’s Notes: A two-story retail property on an 0.06+ acre lot sells at the corner of Shrewsbury Road and Jefferson Highway.

4400 Trenton St (Unit J), Metairie, LA 70006
4400 Trenton St (Unit J), Metairie, LA 70006

Type: Office
Price: $125,000 ($166.67 / SF)
Buyer: HIXLEY PROPERTIES LLC
Elifin’s Notes: Hixley Properties LLC acquires an office condo on Trenton Street near the Clearview Mall.

Lots 25, 26 Carroll St, Kenner, LA 70062
Lots 25, 26 Carroll St, Kenner, LA 70062

Type: Land
Price: $100,000 ($18.13 / Land SF)
Buyer: PRADAT INVESTMENTS LLC
Elifin’s Notes: A 0.1+ acre parcel of land sells off of Bainbridge Avenue next to the Airport.

Lots 38-41 Tifton St, Kenner, LA 70062
Lots 38-41 Tifton St, Kenner, LA 70062

Type: Land
Price: $100,000 ($10.43 / Land SF)
Buyer: 2300 AUGUSTA STREET LLC
Elifin’s Notes: A 2+ acre parcel of land sells within the Bainbridge Office & Industrial Park near the Airport.

Lot 5-B-2-A Belle Chasse Hwy, Gretna, LA 70056
Lot 5-B-2-A Belle Chasse Hwy, Gretna, LA 70056

Type: Land
Price: $100,000 ($17.24 / Land SF)
Buyer: MISTICH HOLDINGS LLC
Elifin’s Notes: Mistich Holdings LLC purchases a small outparcel behind their butcher shop property along the Belle Chasse Highway.

Tract G-3-D Segnette Blvd, Westwego, LA 70094
Tract G-3-D Segnette Blvd, Westwego, LA 70094

Type: Land
Price: Withheld
Buyer: MARENGO PROPERTY II LLC
Elifin’s Notes: A 1+ acre parcel of land sells off of the Westbank Expressway in Westwego.


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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