facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Louisiana

/

Office

/

Sale

/

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

Loading comparables…

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