The Pulse NOLA: Two mixed-use properties sell in French Quarter

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

Commercial Sales Recorded Last Week

550 Modern Farms Rd, Westwego, LA 70094
550 Modern Farms Rd, Westwego, LA 70094

Type: Industrial
Price: $4,300,000 ($47.19 / SF)
Buyer: METALS USA PLATES&SHAPES INC
Elifin’s Notes: Metals USA Plates & Shapes Inc purchases the industrial warehouse property adjacent to their current location in Westwego.

600 Elmwood Park Blvd, Harahan, LA 70123
600 Elmwood Park Blvd, Harahan, LA 70123

Type: Industrial
Price: $4,200,000 ($51.53 / SF)
Buyer: 600 ELMWOOD HOTEL LLC
Elifin’s Notes: An industrial property with light manufacturing, office and warehouse space changes hands in Elmwood.

1403, 1407 S Carrollton Ave, New Orleans, LA 70118
1403, 1407 S Carrollton Ave, New Orleans, LA 70118

Type: Office
Price: $2,350,000 ($311.13 / SF)
Buyer: CREDC CARROLLTON NOLA LLC
Elifin’s Notes: An Arkansas-based entity purchases an office property with ample parking space on Carrollton Avenue.

627, 629 Toulouse St, New Orleans, LA 70130
627, 629 Toulouse St, New Orleans, LA 70130

Type: Mixed-Use
Price: $1,100,000 ($155.30 / SF)
Buyer: L & B TOULOUSE PROPERTIES LLC
Elifin’s Notes: L & B Toulouse Properties acquires a mixed-use property in the French Quarter.

2698 Barataria Blvd, Marrero, LA 70072
2698 Barataria Blvd, Marrero, LA 70072

Type: Retail
Price: $750,000 ($354.61 / SF)
Buyer: 2698 BARATARIA INVESTMENTS LLC
Elifin’s Notes: Hamdan Sons Investments picks up a gas station/convenience store property at the intersection of Barataria and Ames Boulevards.

3001 Jackson Ave, New Orleans, LA 70125
3001 Jackson Ave, New Orleans, LA 70125

Type: Industrial
Price: $500,000 ($50.18 / SF)
Buyer: 3001 Jackson LLC
Elifin’s Notes: A pair of connected warehouses trade in the Central City area.

4525 Old Gentilly Rd, New Orleans, LA 70126
4525 Old Gentilly Rd, New Orleans, LA 70126

Type: Retail
Price: $450,000 ($49.02 / SF)
Buyer: 4525 Old Gentilly Investment LLC
Elifin’s Notes: A retail property, formerly a Family Dollar, trades on Old Gentilly Road.

4232 Williams Blvd (Units 104, 105), Kenner, LA 70065
4232 Williams Blvd (Units 104, 105), Kenner, LA 70065

Type: Office
Price: $220,000 ($89.43 / SF)
Buyer: JUAN JOSE BELLO STUDIO LLC
Elifin’s Notes: Juan Jose Bello Studio LLC acquires an office property on Williams Boulevard.

1608 Lafayette St, Gretna, LA 70053
1608 Lafayette St, Gretna, LA 70053

Type: Retail
Price: $200,000 ($236.69 / SF)
Buyer: ATTICUS INVESTMENTS LLC
Elifin’s Notes: A used car sales retail property sells on Lafayette Street in Gretna.

0.51 Acres 16th St, Metairie, LA 70002
0.51 Acres 16th St, Metairie, LA 70002

Type: Land
Price: Withheld
Buyer: SRE LOUISIANA 1 LLC
Elifin’s Notes: A parking lot off of North Causeway Boulevard changes ownership.

919 Erato St, New Orleans, LA 70130
919 Erato St, New Orleans, LA 70130

Type: Self-Storage
Price: Withheld
Buyer: LAU4208ME LP
Elifin’s Notes: A self storage facility property changes hands on Erato Street.

301 Chartres St, New Orleans, LA 70130
301 Chartres St, New Orleans, LA 70130

Type: Mixed-Use
Price: Withheld
Buyer: AYT LLC
Elifin’s Notes: A mixed-use property, formerly occupied by The Governor Seafood & Oyster Bar, sells on Chartres Street in the French Quarter.


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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