A fully leased retail condominium at 1200 Poydras St. in New Orleans has been sold for $7.27 million. This 17,270-square-foot ground-floor property, anchored by Chick-fil-A, Hurts Donut, and soon-to-open Juicy Seafood, was part of a 1031 exchange transaction completed in April 2026.
The seller of this Central Business District property was represented by SRSA Real Estate, identified as Poydras Properties II LLC. The buyer, an unidentified investor group from South Florida, has not been publicly named. The completion of this sale underscores a strong investor interest in stabilized, high-visibility retail locations near major landmarks such as the Caesars Superdome.
Situated at the corner of Poydras & Loyola Ave., the retail condo benefits from its high-traffic location surrounded by hotels and office towers. The sale indicates a significant demand for NNN retail properties in the downtown area, acting as a benchmark for pricing and cap-rate expectations in the CBD market.
Despite the sale price being public, certain deal specifics, like the buyer’s identity and financial details such as cap rate and NOI, remain undisclosed. These aspects require further follow-up with either SRSA brokers or reviewing county conveyance documents.
The successful transaction, involving both national and local tenants, highlights the appeal of the New Orleans retail market, especially for private capital focusing on properties near entertainment hubs. The opening of Juicy Seafood is anticipated soon, although an exact timeline has not been provided.
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