The Pulse NOLA: Vacant shopping center sells for 1.8mm

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

Commercial Sales Recorded Last Week

1075 Peters Rd, Harvey, LA 70058
1075 Peters Rd, Harvey, LA 70058

Type: Industrial
Price: $2,000,000 ($104.31 / SF)
Buyer: D&J PETERS ROAD PROPERTIES LLC
Elifin’s Notes: A local entity purchases the former Chevron Harvey Terminal industrial property which includes two buildings on 7+ acres of land

1951 Ames Blvd, Marrero, LA 70072
1951 Ames Blvd, Marrero, LA 70072

Type: Retail
Price: $1,800,000 ($62.50 / SF)
Buyer: AVILA PROPERTIES LLC
Elifin’s Notes: A retail strip center property with 10 vacant suites sells in the Ames Farms area

134 Brookhollow Esplanade, Harahan, LA 70123
134 Brookhollow Esplanade, Harahan, LA 70123

Type: Industrial
Price: $1,599,000 ($121.38 / SF)
Buyer: RABUF LLC
Elifin’s Notes: Georgia-based investors purchase an industrial food processing property within the Brookhollow Business Park in Harahan

1938 Jackson Ave, New Orleans, LA 70113
1938 Jackson Ave, New Orleans, LA 70113

Type: Multifamily
Price: $760,000 ($76,000 / Unit)
Buyer: JACKSON ALLEN LLC
Elifin’s Notes: A 10-unit multifamily property sells in Central City for twice as much as what it sold for in 2017

3501 S Carrollton Ave, New Orleans, LA 70118
3501 S Carrollton Ave, New Orleans, LA 70118

Type: Retail
Price: $665,000 ($198.92 / SF)
Buyer: SAINT ROCH PROPERTIES LLC
Elifin’s Notes: A retail property, used as a veterinarian hospital, sells in Gert Town near Xavier University

3508 Robertson St, Metairie, LA 70001
3508 Robertson St, Metairie, LA 70001

Type: Land
Price: $650,000 ($21.67 / Land SF)
Buyer: GERVAIS DEVELOPMENT I LLC
Elifin’s Notes: A local individual investor purchases 0.6+ acres of vacant commercial land within the Monte Industrial Park area at the corner of Shrewsbury Road and Robertson Street near Airline Drive in Metairie

261 Harbor Circle, New Orleans, LA 70126
261 Harbor Circle, New Orleans, LA 70126

Type: Industrial
Price: $400,000 ($34.78 / SF)
Buyer: DELCO FABRICATION LLC
Elifin’s Notes: Delco Fabrication LLC purchases an industrial property near the Lakefront Airport

478 Sala Ave, Westwego, LA 70094
478 Sala Ave, Westwego, LA 70094

Type: Industrial
Price: $260,000 ($89.66 / SF)
Buyer: PREMIER PRESSURE WASHING MOSSCOON LLC
Elifin’s Notes: A local entity purchases an industrial property in the Town of Salaville on which sits an additional efficiency residential building

3315 Jefferson Hwy, Jefferson, LA 70121
3315 Jefferson Hwy, Jefferson, LA 70121

Type: Retail
Price: Withheld
Buyer: CASH AMERICA INC OF LOUISIANA
Elifin’s Notes: Cash America Inc of Louisiana purchases four pawn shops with one in Jefferson, one in Lafayette and two in Baton Rouge

4528 Freret St, New Orleans, LA 70115
4528 Freret St, New Orleans, LA 70115

Type: Office
Price: Withheld
Buyer: CREDIT HUMAN FEDERAL CREDIT UNION
Elifin’s Notes: Credit Human Federal Credit Union, based in San Antonio but led by a New Orleans native, purchases an office property on Freret Street and two blocks off of Napoleon Avenue


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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