The Pulse NOLA: Whole Foods on Magazine St Sold for 31mm

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

Commercial Sales Recorded Last Week

5600 Magazine St
5600 Magazine St

Type: Retail
Price: $31,418,000 ($1,037 / SF)
Buyer: DK WFNO LLC
Elifin’s Notes: New York based group acquires the Whole Foods Market, made up of 30,300 sq ft of retail space sitting on 1.65 acres of land, along Magazine Street in the Uptown area near Audubon Park

818 Bourbon St
818 Bourbon St

Type: Multifamily
Price: $1,300,000 ($162,500 / Unit)
Buyer: NOLA INVESTMENT SOLUTIONS LLC
Elifin’s Notes: A California based investor acquires 818 Bourbon Street, a three-story building with a balcony facing Bourbon Street with 2 two-story dependencies, containing 8-units with 2BR/1BA or 1BR/1BA floor plans, totaling 10 bedrooms and 8 baths.

4870, 4900, 4910, 4920 Alsace St
4870, 4900, 4910, 4920 Alsace St

Type: Multifamily
Price: $940,000 ($58,750 / Unit)
Buyer: HONGTU INVESTMENT GROUP LLC
Elifin’s Notes: Local group acquires a four building multifamily property with 16, 2BR/1BA, units in the Venetian Isles area

1627-1629-1631-1633-1635 Philip St, 2266; 2262-2264 Carondelet St
1627-1629-1631-1633-1635 Philip St, 2266; 2262-2264 Carondelet St

Type: Multifamily
Price: $475,000 ($79,167 / Unit)
Buyer: KRAMER MELISSA, TARANTO SCOTT
Elifin’s Notes: Local individuals purchase a 6-unit multifamily property located in the Lower Garden District area


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®
Elifin Realty
marketing@elifinrealty.com
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