Retail Space - For Sale
601 Loyola Avenue New Orleans, LA 70113
Details & Description
Price: $8,685,951
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.755
  • Building Sq Ft 23,700
  • Building Price per Sq Ft $366.50
  • Land Sq Ft 32,903
  • Land Price per Sq Ft $263.99
This is a NNN Investment Sale Offering. The property consists of a 27,000 SF Exhibit Hall that is leased to Hyatt Regency New Orleans for 50 years. The Exhibit Hall was an expansion of the Hyatt's meeting and Exhibit space in 2011 when it completed a 250,000,000 renovation after Hurricane Kartrina. There are 41 years remaining on the primary lease term with no additional renewal options.The rent increases based on CPI every 5 years, proving excellent inflationary protection to cash flow.The 1200 room Hyatt Regency holds over 1,100 annual events with over 300,000 attendees.
Listing Agents
Steven Reisig

O: 504-620-0349
sreisig@srsa-realestate.com
SRSA Commercial
SRSA Commercial Real Estate
O: 504-831-2363
ETanner@SRSA-RealEstate.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

601 Loyola Avenue

New Orleans, LA 70113

Listing ID: 211927
$8,685,951
For Sale
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.755
  • Building Sq Ft 23,700
  • Building Price per Sq Ft $366.50
  • Land Sq Ft 32,903
  • Land Price per Sq Ft $263.99
  • 601 Loyola Avenue New Orleans, LA 70113 | for Sale | Photo 1
  • 601 Loyola Avenue New Orleans, LA 70113 | for Sale | Photo 2
  • 601 Loyola Avenue New Orleans, LA 70113 | for Sale | Photo 3
601 Loyola Avenue | for Sale | Thumbnail 1
601 Loyola Avenue | for Sale | Thumbnail 2
601 Loyola Avenue | for Sale | Thumbnail 3
Description

This is a NNN Investment Sale Offering. The property consists of a 27,000 SF Exhibit Hall that is leased to Hyatt Regency New Orleans for 50 years. The Exhibit Hall was an expansion of the Hyatt's meeting and Exhibit space in 2011 when it completed a 250,000,000 renovation after Hurricane Kartrina. There are 41 years remaining on the primary lease term with no additional renewal options.The rent increases based on CPI every 5 years, proving excellent inflationary protection to cash flow.

The 1200 room Hyatt Regency holds over 1,100 annual events with over 300,000 attendees.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
New Orleans History of Retail Space for Sale

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New Orleans Area Market Trends

Listing Demographics for 601 Loyola Avenue New Orleans, LA 70113

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population16,065195,008386,948
Population Median Age393939
Population by Age0-9 Yrs1823 (11%)18350 (9%)42934 (11%)
10-19 Yrs1135 (7%)17638 (9%)38384 (9%)
20-29 Yrs2878 (17%)34433 (17%)59041 (15%)
30-39 Yrs2687 (16%)35537 (18%)64695 (16%)
40-49 Yrs1721 (10%)23606 (12%)47042 (12%)
50-59 Yrs2359 (14%)25588 (13%)50990 (13%)
60-69 Yrs2182 (13%)23024 (11%)46422 (11%)
70+ Yrs1280 (7%)16831 (8%)37440 (9%)
Median HH Income$33,738$43,578$44,576
Total Household Income< 24K3385 (41%)26963 (32%)49845 (31%)
25-49K1482 (18%)18001 (21%)35551 (22%)
50-74K895 (11%)11703 (14%)23129 (14%)
75-99K707 (8%)7416 (9%)15229 (9%)
100-199K1041 (12%)12073 (14%)23293 (14%)
200K+575 (7%)5672 (6%)10522 (6%)
Highest Education LevelNo Diploma18662126840636
Diploma or GED25782981665697
Some College20422692956468
Assoc. Degree396619013419
Bachelors Degree28983481660055
Higher Degree21132581744447
Total Housing Units12,696108,565196,726
--Owner-Occupied1,94133,40975,597
--Renter-Occupied6,14548,42081,973
Owner-Occupied Values< 100K6431188804
100-199K307673722577
200-299K412661015114
300-399K31154969563
400-499K24538956167
500K+603755413372
Total Working Age Population13,524167,249321,574
In Work Force8,294105,450201,323
Not In Work Force5,23061,799120,251
Workforce Employed7,50997,128185,730
Workforce Unemployed7597,85414,823
Civlian Workforce8,267104,981200,554
Military Workforce27468769
Total Households8,08581,829157,569
Family Households2,19833,02474,412
Non-Family Households5,88748,80683,158
Married Couple1,08619,63845,064
Other Family1,11213,38629,348
Married w/Child2346,17115,029
Single Male w/Child621,1112,552
Single Female w/Child5215,00411,234

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Louisiana4,468,976+14,533,372+14,588,310+54,813,420
Jefferson Parish455,466-5432,552+4450,200+1454,670
Lafourche Parish89,974+796,318095,990095,990
Orleans Parish484,674-29343,829-26255,4400256,010
Plaquemines Parish26,757-1423,042+1225,770+1329,130
St. Bernard Parish67,229-4735,897-3822,210+122,480
St. John the Baptist Parish43,044+745,924+2557,410+1365,110

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Louis Armstrong New Orleans International Airport (MSY) 11
Gulfport Biloxi International Airport (GPT) 68
Lafayette Regional Airport (LFT) 116