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1200 Poydras Street

Updated May 4, 2026

Poydras Properties II LLC Sells Retail Condo At 1200 Poydras St In New Orleans For $7.2M
SOLDRetail

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.

Players

Christopher Robertson

SRSA Real Estate

Broker

$7.2M

vol

1 deal

Broker

New Orleans Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $416 per square foot on a published $7.2M for 17,270 square feet (2026).

Visit SRSA Real Estate to view all their deals.

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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

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