Poydras Properties II LLC Sells Retail Condo At 1200 Poydras St In New Orleans For $7.2M
1200 Poydras Street
$7,200,000
$416/SF
Building Size
17,270 SF
Asset Type
Retail
Closing
May 1, 2026
About this deal
AI
A 17,270-square-foot ground-floor retail condo located at 1200 Poydras Street in New Orleans, LA, was sold for $7,200,000. The property is positioned near the Caesars Superdome and is anchored by tenants such as Chick-fil-A and Hurts Donut. Juicy Seafood is also set to open in the space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,200,000
- Address: 1200 Poydras Street
- Market: New Orleans, LA
- Square Footage: 17,270
- Price Per Square Foot: $417
- Seller: Poydras Properties II LLC
- Broker Representatives: Steve Reisig - SRSA Real Estate & Christopher Robertson
The transaction was facilitated by SRSA Real Estate, representing the seller, Poydras Properties II LLC. The brokers involved played a crucial role in the completion of this sale, ensuring the successful transfer of the retail condo in a prime location.
On the Map
$7,200,000
$416/SF
Retail
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Players
New Orleans Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93