Commercial Property for Sale in Slidell Louisiana 70458
56460 Frank Pichon Rd, Slidell, Louisiana 70458
$10,500,000
6.71% cap rate Listed Oct 25, 2024
Class A
Class
About this property
Commercial Property for Sale in Slidell Louisiana 70458 is a lodging and hospitality for sale in Slidell, Louisiana, listed at $10,500,000. Key details: building class Class A, property status Normal Sale, building status Existing. Listed by Johanna Cuevas of NewGen Advisory on LoopingCloud and last updated October 25, 2024.
The Bowman Post Group of NewGen Advisory is pleased to present for sale the Hampton Inn by Hilton Slidell in Slidell, Louisiana. It is located on Interstate 10 on the road to New Orleans. The three-story Hampton Inn Slidell has 81 rooms and interior corridors. This property is outperforming it's competitive set and offers a minimal transfer PIP.
Key highlights
- Minimal transfer PIP from Hilton
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Building Class
- Class A
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $704,349
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
6.71%
Cap rate
$704,349
Net operating income
Actual - Cash Flow
Source: Yearly tax returns
Gross incomeNet operating income
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2023 | - | - | - | $704,349 | - | - |
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $10,500,000 | - | - | - | - |
Features and amenities
Highlights
- 40 miles of Louis Armstrong New Orleans International Airport.
- Minimal transfer PIP from Hilton
- Located on Interstate 10 | 30 miles north of New Orleans
Location
Address as shown by the lister.
Get directionsAbout this area - Slidell
- Population
- 32,837
- Housing units
- 13,524
- Land area
- 21.5 sq mi
- County
- Saint Tammany
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Additional contacts
1 person to reach- David BowmanExecutive Vice President (818) 667-0627
Frequently asked questions
What is the asking price of Commercial Property for Sale in Slidell Louisiana 70458?
Commercial Property for Sale in Slidell Louisiana 70458 is listed at $10,500,000. The stated cap rate is 6.71%.
Where is Commercial Property for Sale in Slidell Louisiana 70458 located?
The property is in 56460 Frank Pichon Rd, Slidell, Louisiana 70458, Saint Tammany County.
What type of property is this?
This is a lodging and hospitality for sale in the commercial category.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Johanna Cuevas of NewGen Advisory listed this property. Use the Request Info button to send a message or call (602) 648-2700.
When was this listing published?
It was published on October 25, 2024 and last updated on October 25, 2024.
Listing information
- Listing ID
- CL-Louisiana-12580
- Published
- Oct 25, 2024
- Last updated
- Oct 25, 2024
- Views
- 523
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