TFG Financial

Office for Sale
Catylist Listing ID: 30434583
Property Subtypes: Office Building
Building Size (RSF): 5,237 SF
Gross Land Area: 13,650 SF
Sale Price: $875,000
Unit Price: $167.08 PSF
Property Use Type: Business
Class of Space: Class A
Usable Size (USF): 5,237 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2019

Overview / Comments

Beautifully remodeled office building in desirable Southeast Shreveport. This subject property consists of an office building containing 5,237 sf on 0.31 acres.

The first floor includes 4,140 sf with a reception area, 12 offices, conference room, cubicle area, restrooms, break room, concrete vault, and an outdoor covered patio. Second floor includes 1,097 sf with a large open office/cubicle area with a break room and restroom.

Located on E. 70th Street, less than 150' from the intersection of E. 70th and E. Kings Highway with a traffic count of 34,485 VPD (2011). Signage is available on E. 70th Street.

Subject property is a pad site in front of Eastgate Shopping Center, one of Shreveport's most popular shopping centers, with tenants such as Hobby Lobby, Haverty's, Marshall's. Ross Dress for Less, Colors Nail Spa, Leslie's Pool Supplies, Sun Tan City, Home Goods, Five Below, Office Depot, Belk, H&R Block, and Lane Bryant. Other pad sites for Eastgate include Larry's Pizza, Hana Steak Seafood and Sushi, Gibbons Fine Grill and Carrabba's.

The closing of the sale is subject to the Seller's ability to relocate to an alternative property within an agreed upon time frame.

Alternatively, the Seller would entertain entering into a sale-leaseback with an investor. Terms of the lease agreement to be mutually agreed upon by both Buyer and Seller.

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Taxing Authority: Caddo Parish Tax Assessor
Tax ID/APN: 171320073000100
Zoning: C-3
Property Located Between: Youree Drive and East Kings Highway
Property Visibility: Excellent
Highway Access: Youree Drive, Clyde Fant Parkway, Bert Kouns Industrial Loop and E. 70th Street (LA Hwy 1)
Airports: Shreveport Regional
Site Description: Site is in excellent condition with high visibility from E. 70th Street. The property is beautifully landscaped and professionally maintained by Hoogland's. Most recent remodel of the property came in 2017.
Total Number of Buildings: 1
Number of Stories: 2
Year Renovated: 2017
Roof Type: Other
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 17
Zoning Description: C-3
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,904 68,912 160,506
Median Age: 43.52 37.84 35.62
Households: 3,332 30,380 65,587

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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