The Pulse NOLA: Volunteers of America purchase Canal St office

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

Commercial Sales Recorded Last Week

2475 Canal St, New Orleans, LA 70119
2475 Canal St, New Orleans, LA 70119

Type: Office
Price: $3,600,000 ($77.41 / SF)
Buyer: VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA INC
Elifin’s Notes: The Volunteers of America Southeast Louisiana purchases the Financial Planning Center office property on Canal Street.

1400 St Charles Ave, New Orleans, LA 70130
1400 St Charles Ave, New Orleans, LA 70130

Type: Retail
Price: $1,250,000 ($213.78 / SF)
Buyer: 4139 CANAL STREET LLC
Elifin’s Notes: A retail property sells on Saint Charles Avenue in the Lower Garden District.

713 LA Hwy 1, Grand Isle, LA 70358
713 LA Hwy 1, Grand Isle, LA 70358

Type: Multifamily
Price: $1,200,000 ($92,308 / Unit)
Buyer: WILL STARK LLC
Elifin’s Notes: An RV Park, comprising 12 spaces and 1 single family residence, sells in Grand Isle.

2600 Edenborn Ave, Metairie, LA 70002
2600 Edenborn Ave, Metairie, LA 70002

Type: Retail
Price: $1,050,000 ($110.53 / SF)
Buyer: ULFERS DEVELOPMENT LLC
Elifin’s Notes: A local investor purchases the Jefferson Orleans North event venue property in Metairie.

4139 Canal St, New Orleans, LA 70119
4139 Canal St, New Orleans, LA 70119

Type: Retail
Price: $1,000,000 ($278.71 / SF)
Buyer: CAFE MINH PROPERTIES LLC
Elifin’s Notes: Local chef and operator of Cafe Minh purchases their Mid-City location.

1239, 1243 Chartres St 602, 604, 610 Barracks St, New Orleans, LA 70116
1239, 1243 Chartres St
602, 604, 610 Barracks St, New Orleans, LA 70116

Type: Multifamily
Price: $850,000 ($106,250 / Unit)
Buyer: BOULIER NICOLAS RAYMOND ALBERT
Elifin’s Notes: This multifamily property sells in the French Quarter.

1601, 1609 Lesseps St, New Orleans, LA 70117
1601, 1609 Lesseps St, New Orleans, LA 70117

Type: Multifamily
Price: $650,000 ($81,250 / Unit)
Buyer: LESSEPS STREET 8 LLC
Elifin’s Notes: A pair of local investors purchase a 2-building, 8-unit multifamily property in the Bywater.

2240 A P Tureaud Ave, New Orleans, LA 70119
2240 A P Tureaud Ave, New Orleans, LA 70119

Type: Retail
Price: $640,000 ($102.61 / SF)
Buyer: BLANCHARD & JOHNSON MANAGEMENT INC
Elifin’s Notes: A day care center changes hands in the Seventh Ward.

724 Papworth Ave, Metairie, LA 70005
724 Papworth Ave, Metairie, LA 70005

Type: Mixed-Use
Price: $585,000 ($117.00 / SF)
Buyer: 724 Papworth Investments LLC
Elifin’s Notes: A mixed-use property with office space and 4 residential units sells in East Metairie.

5400 Douglas St, New Orleans, LA 70117
5400 Douglas St, New Orleans, LA 70117

Type: Office
Price: $550,000 ($68.29 / SF)
Buyer: K CROSS HOLDINGS LLC
Elifin’s Notes: The owners behind SNO-LA Snowball Lounge purchase an office property in the Lower 9th Ward.

3508 Cleveland Ave, New Orleans, LA 70119
3508 Cleveland Ave, New Orleans, LA 70119

Type: Multifamily
Price: $543,000 ($108,600 / Unit)
Buyer: NORRELLS ATTRIBUTES LLC
Elifin’s Notes: A 5-unit multifamily property trades in Mid-City.

3825 Airline Dr, Metairie, LA 70001
3825 Airline Dr, Metairie, LA 70001

Type: Industrial
Price: $525,000 ($322.88 / SF)
Buyer: THAN HLA M
Elifin’s Notes: A light industrial property with a pair of warehouses sells along Airline Drive in Metairie

3120 Metairie Rd, Metairie, LA 70001
3120 Metairie Rd, Metairie, LA 70001

Type: Retail
Price: $450,000 ($195.65 / SF)
Buyer: DRAKE&SHEFFIELD LLC
Elifin’s Notes: A retail property sells on Metairie Road near Causeway Boulevard.

3233 N Galvez St, New Orleans, LA 70117
3233 N Galvez St, New Orleans, LA 70117

Type: Retail
Price: $200,000 ($120.19 / SF)
Buyer: SAVERS LLC
Elifin’s Notes: The Savers grocery store property sells in the Florida area.

305 4th St, Westwego, LA 70094
305 4th St, Westwego, LA 70094

Type: Office
Price: $190,000 ($152.00 / SF)
Buyer: R&A INVESTMENTS 2024 LLC
Elifin’s Notes: An office building sells near the corner of Avenue B & 4th Street in Westwego.

8306 Old Gentilly Rd, New Orleans, LA 70126
8306 Old Gentilly Rd, New Orleans, LA 70126

Type: Land
Price: $150,000 ($0.43 / Land SF)
Buyer: T & S GENERAL SERVICES LLC
Elifin’s Notes: A local entity purchases 8+ acres of land on Old Gentilly Road.

242 S Robertson St, New Orleans, LA 70112
242 S Robertson St, New Orleans, LA 70112

Type: Retail
Price: Withheld
Buyer: ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND
Elifin’s Notes: The Tulane Educational Fund acquires 7 parcels within a square block along Tulane Avenue.

5434 Magazine St, New Orleans, LA 70115
5434 Magazine St, New Orleans, LA 70115

Type: Retail
Price: Withheld
Buyer: 5434 MAGAZINE INVESTMENT LLC
Elifin’s Notes: A multi-tenant retail property sells along Magazine Street near Jefferson Avenue.

2533 Columbus St, New Orleans, LA 70119
2533 Columbus St, New Orleans, LA 70119

Type: Office
Price: Withheld
Buyer: KID SMART
Elifin’s Notes: A two-story office property sells next to the Waldorf School.

441 Jackson Ave, New Orleans, LA 70130
441 Jackson Ave, New Orleans, LA 70130

Type: Industrial
Price: Withheld
Buyer: JACKSON AVENUE STORAGE LLC
Elifin’s Notes: An industrial warehouse sells in the Lower Garden District near Tchoupitoulas Street


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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