The Pulse NOLA: Travelodge Hotel in West Harvey sells

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

Commercial Sales Recorded Last Week

2200 Westbank Expy
2200 Westbank Expy

Type: Hospitality
Price: $4,300,000 ($20,283 / Unit)
Buyer: SHREE MAA AMBE LLC
Elifin’s Notes: Entity purchases the Travelodge Hotel in West Harvey

2231 Peters Rd
2231 Peters Rd

Type: Industrial
Price: $1,100,000 ($31.28 / SF)
Buyer: 2231 PETERS ROAD LLC
Elifin’s Notes: Local industrial business owner purchases an industrial property with warehouse and office space in Harvey

3701 Ulloa St
3701 Ulloa St

Type: Hospitality
Price: $700,000 ($77,778 / Unit)
Buyer: 3701 ULLOA LLC
Elifin’s Notes: In one of two transactions, an entity purchases a 9-room hostel property in the Mid-City area

2411 Dawson St
2411 Dawson St

Type: Land
Price: $625,000 ($13.29 / Land SF)
Buyer: JESSIES PROPERTIES LLC
Elifin’s Notes: Local entity purchases a little over one acre in vacant commercial land in an industrial subdivision of Kenner

525 Commerce St
525 Commerce St

Type: Office
Price: $569,000 ($60.62 / SF)
Buyer: WILKERSON INVESTMENTS LLC
Elifin’s Notes: Local investor purchases office property, with building in need of repair, in the Oakdale area

3707 Ulloa St
3707 Ulloa St

Type: Retail
Price: $220,000 ($188.36 / SF)
Buyer: 3707 ULLOA LLC
Elifin’s Notes: In one of two transactions, an entity purchases a vacant commercial lot of land along with a gutted retail space in the Mid-City area

1700 Elysian Fields Ave
1700 Elysian Fields Ave

Type: Retail
Price: $145,000 ($75.92 / SF)
Buyer: REED MICHELLE MARIE
Elifin’s Notes: Investor purchases a retail property on the Seventh Ward and St. Roch border

2255 Saint Claude Ave
2255 Saint Claude Ave

Type: Retail
Price: $100,000 ($255.75 / SF)
Buyer: LRE Management LLC
Elifin’s Notes: California-based entity purchases a parcel that is predominantly vacant land with a small improvement resting upon it, in the St. Roch area

1342 Manhattan Blvd
1342 Manhattan Blvd

Type: Retail
Price: Withheld
Buyer: FCPT HOLDINGS LLC
Elifin’s Notes: California-based entity, in one of two purchases, acquires a Car Wash property in the South New Orleans area of Harvey

2514 Belle Chasse Hwy
2514 Belle Chasse Hwy

Type: Retail
Price: Withheld
Buyer: FCPT HOLDINGS LLC
Elifin’s Notes: California-based entity, in one of two purchases, acquires a Car Wash property in Gretna

2901 Ridgelake Dr
2901 Ridgelake Dr

Type: Office
Price: Withheld
Buyer: KSL REALTY LLC
Elifin’s Notes: Investors purchase three office condominium units within the Commerce Court Office Complex in Kenner


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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