23 Jan The Pulse NOLA: WWII Museum purchases 15,000 sf warehouse on Magazine Street

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

Commercial Sales Recorded Last Week

1060 Magazine St

Type: Retail
Price: $2,138,000 ($143 / SF)
Buyer: NATIONAL WORLD WAR II MUSEUM INC
Elifin’s Notes: The World War II Museum purchases a 15,000 sq foot multi-use warehouse space along Magazine Street in the Warehouse District

2600-2602 Chartres St, 535 Franklin Ave

Type: Retail
Price: $1,150,000 ($259 / SF)
Buyer: DOWNRIVER PATINA LLC
Elifin’s Notes: Local investors purchase the 4,444 sq ft historic restaurant/retail space, formerly home to the Feelings Cafe, in the Marigny area

3740, 3800 Division St

Type: Multifamily
Price: $800,000 ($100,000 / Unit)
Buyer: METAIRIE BUSINESS DEVELOPMENT DISTRICT
Elifin’s Notes: Local entity purchases an 8-unit two building multifamily property in the Cleary area of Metairie

1904, 1908 Hickory Ave

Type: Multifamily
Price: $640,000 ($80,000 / Unit)
Buyer: 1904 HICKORY LLC; 1908 HICKORY LLC
Elifin’s Notes: Kenner-based investor purchased an 8-unit, two building, multifamily property in the Hickory Haven area in Harahan

4840 Banks St, 420 S Anthony St

Type: Mixed-Use
Price: $595,000 ($148,750 / Unit)
Buyer: 1900 25TH STREET LLC
Elifin’s Notes: Local investor purchased a 4,099 sq ft mixed-use property with a large ground floor retail space and three apartment units in the Mid City area

630 N Carrollton Ave

Type: Office
Price: $500,000 ($242 / SF)
Buyer: BROWN BENJAMIN J
Elifin’s Notes: Local investors purchase a 2,064 sq ft general office space in the Mid-City area

7100 Read Blvd

Type: Office
Price: $425,000 ($61 / SF)
Buyer: EARLY START CHILD CARE DEVELOPMENT ACADEMY LLC
Elifin’s Notes: Local investors purchase a 6,912 sq ft general office space in the Little Woods area

5571 Read Blvd

Type: Land
Price: $385,000 ($14.03 / Land SF)
Buyer: ONPATH FEDERAL CREDIT UNION
Elifin’s Notes: Credit Union purchases 0.63 acres of land in the New Orleans East area

2279 Saint Claude Ave

Type: Retail
Price: $340,000 ($263 / SF)
Buyer: Z SMOKE SUPPLIES LLC
Elifin’s Notes: Gretna-based investors purchase a 1,291 sq ft retail space in the Seventh Ward area

900-902 Royal St

Type: Retail
Price: Withheld
Buyer: ROYAL STREET BISTRO LLC
Elifin’s Notes: Local investors purchase a 5,886 retail space in the French Quarter area

4701 S Carrollton Ave

Type: Retail
Price: Withheld
Buyer: DRY WALL BUILDING & SPECIALTY INC
Elifin’s Notes: Local investors purchase a 2,941 sq ft retail space in the Mid-City 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.