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1615 Poydras Street

Evan Stone, Jason Presley & Matt Taylor Sell 503,351 SF Office Building In New Orleans, LA
SOLDOffice

Evan Stone, Jason Presley & Matt Taylor Sell 503,351 SF Office Building In New Orleans, LA

1615 Poydras Street

Building Size

503,351 SF

Asset Type

Office

Closing

Dec 28, 2023

AI

The office building located at 1615 Poydras Street in New Orleans, LA has been sold in a recent transaction. The property spans over 503,351 square feet, offering ample space for various business operations.

Summary of transaction details:

Evan Stone and Jason Presley from Goodwin Advisors, along with Matt Taylor from Property One, Inc., represented the seller in this office property transaction. These individuals played a crucial role in ensuring a successful deal for the property.

Players

Jason Presley

Goodwin Advisors

Broker

$26M

vol

5 deals

Broker

New Orleans Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93