The Pulse NOLA: Truck terminal sells for 4.9mm

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

Commercial Sales Recorded Last Week

12169 Old Gentilly Rd, New Orleans, LA 70129
12169 Old Gentilly Rd, New Orleans, LA 70129

Type: Industrial
Price: $4,915,000 ($251.28 / SF)
Buyer: CROWN ENTERPRISES LLC
Elifin’s Notes: Through Yellow Trucking’s bankruptcy bidding process, this truck terminal was one of eight properties purchased by Crown Enterprises LLC, a Michigan-based commercial real estate development entity

2401 Connecticut Ave, Kenner, LA 70062
2401 Connecticut Ave, Kenner, LA 70062

Type: Industrial
Price: $689,000 ($146.60 / SF)
Buyer: J CALDARERA&COMPANY INC
Elifin’s Notes: An industrial property containing one building and two adjoining vacant land parcels sells in the Highway Park area of Kenner

3160 Saint Claude Ave, New Orleans, LA 70117
3160 Saint Claude Ave, New Orleans, LA 70117

Type: Retail
Price: $675,000 ($250.00 / SF)
Buyer: VU BROTHERS LLC
Elifin’s Notes: A pair of local investors purchase the Captain Sal’s Chicken & Seafood restaurant on Saint Claude Avenue at Louisa Street

10000 I-10 Service Rd, New Orleans, LA 70127
10000 I-10 Service Rd, New Orleans, LA 70127

Type: Retail
Price: $675,000 ($92.47 / SF)
Buyer: SPLIT SECOND FOUNDATION INC
Elifin’s Notes: A retail showroom-warehouse property changes hands near I-10 and Read Boulevard

1300 Brown Ave, Harvey, LA 70058
1300 Brown Ave, Harvey, LA 70058

Type: Multifamily
Price: $475,000 ($47,500 / Unit)
Buyer: WEST PROPERTY GROUP LLC
Elifin’s Notes: West Property Group LLC, through two transactions, acquires a 6-unit and a 4-unit multifamily property in Harvey

1927 Hickory Ave, Harahan, LA 70123
1927 Hickory Ave, Harahan, LA 70123

Type: Retail
Price: $300,000 ($101.69 / SF)
Buyer: Yarlagadda, Shirisha; Dhanenkula, Suresh
Elifin’s Notes: The Hickory Dickory Dock Quick Stop Convenience Store sells at the corner of Hickory Avenue and Dock Street in Harahan

1140 Destrehan Ave, Harvey, LA 70058
1140 Destrehan Ave, Harvey, LA 70058

Type: Industrial
Price: $262,500 ($52.50 / SF)
Buyer: MELINA HOLDINGS LLC
Elifin’s Notes: An industrial warehouse property changes hands in Harvey


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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