The Pulse NOLA: The Garage complex sells for 28.8mm

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

Commercial Sales Recorded Last Week

840, 848 Carondelet St, New Orleans, LA 70130
840, 848 Carondelet St, New Orleans, LA 70130

Type: Multifamily
Price: $28,800,000 ($464,516 / Unit)
Buyer: BDS III LA THE GARAGE LLC
Elifin’s Notes: The Garage, a 62-unit luxury multifamily complex with street-level retail space at 840 Carondelet Street, sells.

1515 Poydras St, New Orleans, LA 70112
1515 Poydras St, New Orleans, LA 70112

Type: Office
Price: $26,473,700 ($50.00 / SF)
Buyer: GMB Properties 1515 Poydras LLC
Elifin’s Notes: Gayle Benson purchases 1515 Poydras, a 27-story office property in the Central Business District across from the Superdome.

221, 223 Royal St, New Orleans, LA 70130
221, 223 Royal St, New Orleans, LA 70130

Type: Retail
Price: $4,650,000 ($334.24 / SF)
Buyer: 221 ROYAL, LLC
Elifin’s Notes: A four-story property with street-level retail space sells on Royal Street in the French Quarter.

3501 Ridgelake Dr, Metairie, LA 70002
3501 Ridgelake Dr, Metairie, LA 70002

Type: Office
Price: $810,000 ($162.00 / SF)
Buyer: JOHN BASIN PROPERTIES LLC
Elifin’s Notes: An office property changes ownership at the corner of Ridgelake Drive and Melvil Dewey Drive.

5608 Salmen St, River Ridge, LA 70123
5608 Salmen St, River Ridge, LA 70123

Type: Industrial
Price: $400,000 ($65.04 / SF)
Buyer: PARDO STEPHEN A
Elifin’s Notes: An industrial property changes ownership on Salmen Street in Elmwood.

5750 Old Gentilly Rd, New Orleans, LA 70126
5750 Old Gentilly Rd, New Orleans, LA 70126

Type: Land
Price: $165,000 ($6.40 / Land SF)
Buyer: CONTAINER COMPANIES LLC
Elifin’s Notes: A 0.5+ acre parcel of land sells on Old Gentilly Road near the Industrial Canal.

5420 Toler St, New Orleans, LA 70123
5420 Toler St, New Orleans, LA 70123

Type: Industrial
Price: Withheld
Buyer: WOPROP ENTERPRISES LLC
Elifin’s Notes: An industrial property changes hands in Elmwood.

3940 Williams Blvd, Kenner, LA 70065
3940 Williams Blvd, Kenner, LA 70065

Type: Retail
Price: Withheld
Buyer: DUVILEX LLC
Elifin’s Notes: This is one of two convenience store/gas stations acquired by Duvilex LLC this past week in the New Orleans area.

6711 Chef Menteur Hwy, New Orleans, LA 70126
6711 Chef Menteur Hwy, New Orleans, LA 70126

Type: Retail
Price: Withheld
Buyer: DUVILEX LLC
Elifin’s Notes: This is one of two convenience store/gas stations acquired by Duvilex LLC this past week in the New Orleans area.


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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