Retail Space
601 Loyola Avenue New Orleans, LA 70113
Details & Description
Price: $8,685,951
    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.
    Property ID:    211927
    Property URL: melqr.com/211927
    Generated:    04-27-24
    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.
    Retail Space / Louisiana / New Orleans / 70113 / 601 Loyola Avenue

    601 Loyola Avenue

    New Orleans, LA 70113

    Listing ID: 211927
    Print Single-Page Version
    • 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
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    601 Loyola Avenue | for Sale | Thumbnail 2
    601 Loyola Avenue | for Sale | Thumbnail 3
    Building Size: 23,700 SF
    Lot Size: 0.755 AC
    Land Size: 32,903 SF
    Building $/SF: $366.50
    Land $/SF: $263.99
    Price
    $8,685,951
    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.

    Common Questions and Answers

    What is the asking price for 601 Loyola Avenue in New Orleans?
    The asking price for 601 Loyola Avenue is $8,685,951
    What is the building size of this Retail property in New Orleans, LA?
    The size of the building/unit at 601 Loyola Avenue in New Orleans is 23,700 square feet
    How much land does the New Orleans, LA property at 601 Loyola Avenue include?
    601 Loyola Avenue in New Orleans includes 0.755 acres of land
    What kind of Retail is the propery at 601 Loyola Avenue?
    The property at 601 Loyola Avenue New Orleans, LA 70113 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 601 Loyola Avenue in New Orleans?
    The population within 1 mile of 601 Loyola Avenue New Orleans, LA 70113 is 16,065 people.
    Who do I contact for questions about 601 Loyola Avenue?
    You should contact the listing agent, Steven Reisig, for any details regarding this commercial listing.

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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
    Price
    $8,685,951
    Listing Agent
    Steven Reisig - CRE Agent at

    Steven Reisig

    SRSA CRE

    VIEW AGENT PROFILE

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    Listing Co-Agent
    Steven Reisig - CRE Agent at SRSA Commercial Real Estate

    SRSA Commercial

    Independent Agent
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