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


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
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