53,756 Showroom/Office/Warehouse for Sale

Retail-Commercial for Sale
Catylist Listing ID: 28675340
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 53,756 SF
Gross Land Area: 3.55 Acres
Sale Price: $1,999,000
Unit Price: $37.19 PSF
Property Use Type: Investment, Business
Building Name: 53,756 Showroom/Office/Warehouse for Sale
Usable Size (USF): 53,756 SF
Sale Terms: Cash to Seller
Last Updated: 8/4/2022

Overview / Comments

MOTIVATED SELLER!! Asking price of $1,999,000 is below appraised value of $2,340,000!

This investment offering consists of one retail building fronting on West Bert Kouns Industrial Loop Expressway. Available immediately! New $240,000 roof ! Relatively new HVAC units! 4 Dock doors, 1 grade level door!

The building, 2940 W Bert Kouns Industrial Loop was built in 1984 for use as a furniture store consisting of 53,756 square feet.

29,631 square feet is leased to ToMakk Glass company for $4.05 per square foot per year net of taxes and CAM. The remaining 23,930 square feet consists of showroom and warehouse/light manufacturing space available for lease for $6.00 per square foot NNN, all situated on 3.55 acres. Net charges for taxes and insurance are $0.80/SF/Yr. Owner's insurance and management fees are currently $.55/SF/YR and are the only landlord expenses.

Please also see Listing #29732363 on LACDB for available space information.

The adjacent 20,000 square foot pad site is also available for sale for $300,000.

Current Tenants

Tenant Business Name ToMakk Glass
Suite Number 2940
SF of Space Occupied 29,631 SF
Current Rent $4 PSF (Annual)
Escalations 2% per year escalation
Options One Five Year option to renew at 2% annual increases

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Taxing Authority: Caddo Parish, City of Shreveport
Tax ID/APN: 1614040230062
Zoning: C-3 GENERAL COMMERCIAL ZONING
Market Type: Medium
Retail Clientele: General, Business
Property Located Between: Walker Road & Mansfield Road
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Mansfield Road
Feet of Frontage: 242
Traffic/Vehicle Count: 54,914
Transportation: Bus, Highway, Taxi, Other
Highway Access: Innerloop 3132, I-49 and I-20 within minutes
Airports: Shreveport Regional Airport
Site Description: This site consists of a tract of land totaling of 3.55 acres. Geo. No. 161404023006200 consists of 3.55 acres with 242.06 front feet on 2940 Bert Kouns Industrial Loop Expressway. This site is level and the improvements are attractive with excellent visibility. There is a pylon sign available.
Area Description: The surrounding area is the center of business and commercial activity for south west Shreveport, that being the intersection of Bert Kouns Industrial Loop Expressway (LA Hwy 526) and Mansfield Road (US Hwy 171).
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2006
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: The building sides and rear walls are of concrete block. The front is of EIFS with Lonestar "Chishhold Drystack" columns.
Total Parking Spaces: 45
Parking Ratio: 1.9 (per 1000 SF)
Parking Type: Surface
Parking Description: Concrete surface parking lot containing 44 sparking spaces is available to serve both customers and employees.
Sprinklers: Wet
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: C-3 General Commercial Zoning
Lot Frontage: 242
Lot Depth: 517.28
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Swepco, Drainage Servitude, Bell Telephone
Land Ownership: Fee Simple
Legal Description: See Agent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,325 48,664 112,182
Median Age: 36.21 34.07 35.93
Households: 3,797 19,043 43,979

Contact

Photograph of Listing Agent

JoAnn Wheless

Sealy Real Estate Services LLC Shreveport, LA 71101
LACDB Member
Photograph of Listing Agent

Jackson Wheless

Sealy Real Estate Services LLC Shreveport, LA 71101
LACDB Member
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