Fully Leased Investment Property For Sale

Office for Sale
Catylist Listing ID: 29946903
Property Subtypes: Net Leased, Office Building
Building Size (RSF): 20,205 SF
Gross Building Area: See Agent
Sale Price: $2,695,000
Unit Price: $133.38 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.2%
Last Updated: 3/25/2017

Overview / Comments

Tenants now guaranteed through 2020 and 2021

Location
* Southwest Shreveport
* One block S. of the Inner Loop (Hwy. 3132)
* Minutes from both I-49 and I-20

Property Info
* 20,205 rentable square feet
* 100% leased
* 10 years remaining on roof warranty
* Newly painted exterior (July 2016).
* Average age of 6 roof mounted AC units is 4.3 years
* 8.2% cap rate
* ~220,000 NOI

Tenant Info
* 1 regional tenant, with significant tenant-paid interior improvements, guaranteed through March 2020
* 1 national tenant through Feb 2021
* Both tenants are on net leases.

Financials

Finance Data Year 2016
Net Operating Income $220,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Zoning: B-3
Construction/Siding: Block

Attachments & Media



Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,139 53,666 132,446
Median Age: 34.2 34 35.48
Households: 3,615 20,588 52,957

Contact

Photograph of Listing Agent

Mitch G Busada

Walker-Alley & Associates Shreveport, LA 71166
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