New Orleans Property Partners LLC Acquires Office Building On Howard Ave For $3.5M
929 Howard Avenue, New Orleans, Louisiana 70113, United States
$3,500,000
Building Size
—
Asset Type
Office
Closing
Oct 4, 2022
About this deal
AI
The office located at 929 Howard Ave in New Orleans, LA has been sold for $3,500,000. The transaction took place on 10/05/2022 and the buyer of the property is New Orleans Property Partners LLC.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,500,000
- Address: 929 Howard Ave, New Orleans, LA
New Orleans Property Partners LLC successfully acquired the office property located at 929 Howard Ave. This investment marks another milestone for the company in expanding its portfolio in the New Orleans market.
Players
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93