Fully Leased Property w/ Future Owner-User Opportunity

Office for Sale
Catylist Listing ID: 30092434
Property Subtypes: Office Building
Building Size (RSF): 20,205 SF
Gross Building Area: See Agent
Sale Price: $2,250,000
Unit Price: $111.36 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 9.8%
Last Updated: 8/1/2017

Overview / Comments

Price reduced due to 14,060 sf tenant leaving Shreveport-Bossier market. Great opportunity to capture a 9.8% cap rate through March of 2018 with ample time to find a new tenant or move in as an owner-user.

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
* 9.8% cap rate
* ~220,000 NOI

Tenant Info
* 1 regional tenant under contract through March 31, 2018.
* 1 national tenant through Feb 2021
* Both tenants are on modified net leases.

Attachments & Media

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
Parking Type: Surface
Total Parking Spaces: 100

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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