Historic Property

Office for Sale
Catylist Listing ID: 30169252
Property Subtypes: Office Building
Building Size (RSF): 12,000 SF
Sale Price: $990,000
Unit Price: $82.50 PSF
Property Use Type: Investment
Building Name: The Quarter
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 95
Last Updated: 7/16/2018

Overview / Comments

Two-story historic downtown building. Built in late 1860's. Renovated in 1970's and early 2000's.

Located on Spring Street, a gateway to downtown Shreveport, Red River Entertainment District and Casinos.

93% leased. Anchored by the Multicultural Center of the South. 8.0% cap rate.

Do not disturb tenants. Must make appointment for showing.

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Property Located Between: Spring Street and Milam Street
Property Visibility: Excellent
Highway Access: I-20
Site Description: Historic Office Building
Area Description: Downtown
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1865
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: 19th Century Spanish two story brick with wide second story balconies indicative of New Orleans French Quarter buildings.
Parking Type: Surface
Parking Description: Street

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,117 70,483 155,668
Median Age: 40.84 33.85 34.59
Households: 950 28,930 62,429

Contact

Photograph of Listing Agent

Ben W Walker, III CCIM

Walker-Alley & Associates Shreveport, LA 71166
Photograph of Listing Agent

Chris Stokes

Walker-Alley & Associates Shreveport, LA 71166
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.