Leased Industrial Investment Property for Sale

Industrial for Sale
Catylist Listing ID: 30743985
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 43,084 SF
Gross Building Area: See Agent
Gross Land Area: 5.13 Acres
Sale Price: $2,287,500
Unit Price: $53.09 PSF
Ceiling: 20 ft.
Docks/Doors: 3 Docks, 5 Doors
Drive In Bays: 3 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/29/2022

Overview / Comments

Spartan Energy Services, LLC is the tenant in the front (larger) building with a lease which runs thru November 15, 2023. At lease execution this tenant added a new rear drive providing truck access and a dropdown area to the rear of the building. The cost of the work was at tenant’s expense.
In the smaller warehouse in the rear of the property, Mulholland Energy's Five Year NNN Lease begin July 1,2022.
Property Highlights
• Located just east of Hwy. 171
(Mansfield Road)
• Excellent ingress/egress
• Property consists of two warehouse/
office buildings
• 43,084 Total Square Feet
• 5.1526 Acres of Land
• Front Building 35,584 +/- Square feet
• Rear Building is 7,500 +/- Square Feet
• Building 1:
• 1200 AMP 480V 3-phase electrical power
• 105 tons of HVAC in warehouse
• 10 tons of HVAC in offices
• Multiple JIB cranes
one 10-ton
one 5-ton
two 2-ton
• 20’ at eaves
• 25’ ridge Line
• Paint booth
• Goff Masterblast
• Two test bays
• Wash bay
• Five o/h doors
• One dock high door
• Thirteen offices, reception area,
storage rooms & breakroom
• 3 sets of bathrooms
• Building 2:
• Two large offices
• Two bathrooms
• One ground level door

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $7,386 (Annual)
Net Operating Income $147,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Tax ID/APN: 161420000013700
Zoning: INDUSTRIAL
Property Located Between: Mansfield Road
Highway Access: Three Miles from I-49 and and six miles from I-20
Airports: Shreveport Regional
Site Description: Two Buildings on 5.1526 Acres
Area Description: Industrial Area
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Exterior Description: Industrial Steel warehouse buildings with Gantry Cranes
Parking Type: Structure
Total Parking Spaces: 30
Overhead Cranes: 3
X-Phase: 3
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Air Curtain
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Fiber Optic
Interior Description: Office Warehouse
Zoning Description: Industrial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Two Industrial Warehouses on

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 25,770 57,165
Median Age: 38.02 36.45
Households: 10,393 22,635

Contact

Photograph of Listing Agent

Chris Stokes

Walker-Alley & Associates Shreveport, LA 71166
LACDB Member
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