Investment - Industrial (32.80% leased) Current Cap Rate 4.27%

Industrial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 28463869
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Office Showroom, Self Storage, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 953,443 SF
Gross Land Area: 76 - 166 Acres
Sale Price: $17,000,000
Unit Price: $17.83 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Mansfield Warehouse
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: 4.27%
Average Occupancy Rate: 33
Last Updated: 1/15/2022

Overview / Comments

1 in 5 Americans Live Within 500 Miles
Substantial upside potential
Current Cap Rate is 4.27%

Total leased sf = 312,700
Total vacant sf = 640,743

$4.6 million in renovations completed in the last couple of years.

Attachments & Media

Financials

Finance Data Year 2021
Gross Operating Income $1,207,775 (Annual)
Net Operating Income $726,393 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Zoning: I-1
Property Located Between: across from Super Wal-Mart
Side of Street: East
Road Type: Highway
Transportation: Rail
Highway Access: US Hwy 171 (Mansfield Road)
Rail Access: Yes
Airports: Shreveport Regional Airport
Site Description: level and well drained substantial on-site parking
Tenancy: Multiple Tenants
Number of Stories: 2
Property Condition: Good
Year Built: 1965
Year Renovated: 2018
Construction/Siding: Concrete - Tilt up
Total Parking Spaces: 3,000
Sprinklers: Wet
Zoning Description: light industrial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,018 35,897 83,177
Median Age: 35.61 35.82 35.96
Households: 2,841 14,518 32,556

Contact

Photograph of Listing Agent

Anne C Dixon

Anne Dixon Real Estate, LLC Shreveport, LA 71101
LACDB Member
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