STNL Hyatt Regency Convention Center | NNN 601 Loyola Ave 23,700 SF Retail Building New Orleans, LA 70113 $8,500,000 ($358.65/SF) 5.41% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant Convention Center Managed By the Hyatt Regency Hotel
- Growing Income Stream with CPI Increases Starting Year 6 and Every 5th Year Thereafter
- Strategic Central Business District Location with Strong Hotel Demand and Entertainment Hub
- 50-Year Absolute NNN Lease with Approximately (40) Years Remaining
- Mission Critical Building to the Hyatt Regency Hotel and Convention Center
- Centrally Located Near the Interstate 10 Freeway And U.S. Hwy. 90 Interchange | Infill New Orleans Demographics
EXECUTIVE SUMMARY
BROKER OF RECORD - Steven R Reisig, CCIM - Partner/Sponsoring Broker - License No. 14916A.
Single Tenant Convention Center Managed By the Hyatt Regency Hotel
50-Year Absolute NNN Lease with Approximately (40) Years Remaining
Growing Income Stream with CPI Increases Starting Year 6 and Every 5th Year Thereafter
Mission Critical Building to the Hyatt Regency Hotel and Convention Center
Strategic Central Business District Location with Strong Hotel Demand and Entertainment Hub
Centrally Located Near the Interstate 10 Freeway And U.S. Hwy. 90 Interchange
Infill New Orleans Demographics 5-Mile: Estimated Population 364,108 / AHHI $83,411 / Daytime Population 214,640
Growing Income Stream with CPI Increases
Louisiana Broker of Record - Steven R. Reisig, CCIM, License No. 14916A
Single Tenant Convention Center Managed By the Hyatt Regency Hotel
50-Year Absolute NNN Lease with Approximately (40) Years Remaining
Growing Income Stream with CPI Increases Starting Year 6 and Every 5th Year Thereafter
Mission Critical Building to the Hyatt Regency Hotel and Convention Center
Strategic Central Business District Location with Strong Hotel Demand and Entertainment Hub
Centrally Located Near the Interstate 10 Freeway And U.S. Hwy. 90 Interchange
Infill New Orleans Demographics 5-Mile: Estimated Population 364,108 / AHHI $83,411 / Daytime Population 214,640
Growing Income Stream with CPI Increases
Louisiana Broker of Record - Steven R. Reisig, CCIM, License No. 14916A
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
23,700 SF
Building Class
C
Year Built
2011
Price
$8,500,000
Price Per SF
$358.65
Cap Rate
5.41%
NOI
$459,658
Tenancy
Single
Building Height
1 Story
Building FAR
0.76
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
CBD-4 - Central Business District
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-03-1-059-34 | Improvements Assessment | $0 (2024) |
| Land Assessment | $154,690 (2024) | Total Assessment | $154,690 (2024) |
