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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1615 Poydras Street, New Orleans, LA
- Market: New Orleans, LA
- Seller's Representatives: Evan Stone & Jason Presley from Goodwin Advisors; Matt Taylor from Property One, Inc.
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.
On the Map
Office
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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