56460 Frank Pichon Rd

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56460 Frank Pichon Rd

Slidell, LA 70458
Asking Price
$8.50M
Cap Rate
7%
Asset Type
Hotel Hospitality
Class
Class B

What's Special

Hampton Inn New New Orleans | Minimal PIP | Refreshed FF&E <p><strong>Key Demand Generators</strong></p><ul><li>​NASA Stennis Space Center</li><li>​Ochsner Medical Center - North Shore</li><li>​Fremaux Town Center</li><li>​Port of New Orleans</li><li>​New Orleans French Quarter</li><li>​Gulf Coast Casinos</li></ul><p><strong>Economic Growth </strong></p><ul><li>​$40B+ in regional industrial development through 2027 fueling job and lodging demand</li><li>​Major manufacturing investments, including a $5.8B steel facility, driving extended-stay needs</li><

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NOI
$80,000
Cap Rate
0.94%
DSCR
0.16
Underwater
Cash-on-Cash
-16.65%
Monthly Payment
$42,053.362
Annual Cash Flow
$-424,640.347

Location & Travel Times