Net Lease Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30564033
Property Subtypes: Light Industrial, Net Leased, Office Showroom, Truck Terminal
Building Size (RSF): 16,110 SF
Gross Building Area: See Agent
Gross Land Area: 3.64 Acres
Sale Price: $1,750,000
Unit Price: $108.63 PSF
Docks/Doors: 11 Doors
Office SF: 1,617 SF
Drive In Bays: 11 Bays
Property Use Type: Investment
Building Name: JPS Equipment Rental
Usable Size (USF): 16,110 SF
Sale Terms: Cash to Seller
Cap Rate: 7.55%
Average Occupancy Rate: 100
Last Updated: 6/17/2021

Overview / Comments

Super Regional equipment rental tenant. Tenant in place for 4 years just signed a four year extension.
Corner lot with slow down lane and crossover on Hwy 80.

Current Tenants

Tenant Business Name JPS Equipment Rental
Website URL https://www.jpsequips.com
Industry Type Construction
Is Renting? Yes
Tenant Notes Large Inventory of. Heavy Equipment Rentals From earth moving equipment to aerial equipment and everything in between, we provide value and service in the rental needs of our customers by gaining their trust with exceptional performance.

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Bossier
Taxing Authority: Bossier Parish
Tax ID/APN: S848 0003
Property Located Between: I-220 and Industrial Drive
Highway Access: Fronts US Hwy 80.
Airports: Shreveport
Site Description: 3.9 acres of stabilized yard, fenced. 2 acres of 8" concrete and the balance is stabilized rock. 3 entrances off dead-end road for access.
Area Description: Light industrial, mixed use area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 16,110 SF
Property Condition: Excellent
Construction/Siding: Metal Siding
Parking Type: Surface
Parking Description: Concrete
Overhead Cranes: 2
Lot Frontage: 300
Lot Depth: 530
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Lot: 0042; Lot 0043; Lot 0044; Lot 0045; Lot 0046; Lot 0002; Lot 0003; Lot 0004 Whitehurst Subdivision, Bossier Parish, LA

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,313 28,903 88,949
Median Age: 32.87 31.43 34.24
Households: 1,381 11,280 36,144

Contact

Photograph of Listing Agent

Randall B Boughton

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
Photograph of Listing Agent

Jeff Wyatt

Diamond Realty & Associates Baton Rouge, LA 70806
LACDB Member
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