INVESTMENT PROPERTY - CHASE BANK 1935 Airline Drive, Bossier City, LA

Office for Sale
Catylist Listing ID: 30817989
Property Subtypes: Office Building
Building Size (RSF): 19,131 SF
Gross Building Area: 20,246 SF
Gross Land Area: 2.78 Acres
Sale Price: $2,891,000
Unit Price: $151.12 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 3/20/2023

Overview / Comments

Investment Property
Two Tenant Building Anchored by Chase Bank
Full Service Gross Lease
Base Rent Escalations
2022 Base Year Expense Stop Chase Bank
20,246 Gross Square Feet
19,131 Net Rentable Square Feet
Parcel Size 2.78 Acres
Year Built 1973 Phase I / 1982 Phase II
89 Parking Spaces
Roof 2007, Johns-Manville
HVAC – 13 Split System Units
NOI $202,385
Sales Price $2,891,000


Additional Details

Nearest MSA: Shreveport-Bossier City
County: Bossier
Tax ID/APN: 1813273N
Property Located Between: I-20 and Airline Drive
Property Visibility: Excellent
Highway Access: I-20
Airports: Shreveport Regional Airport
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1973
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 89
Passenger Elevators: 1
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,590 53,896 129,641
Median Age: 31.3 32.2 34.9
Households: 6,318 22,023 52,516


Photograph of Listing Agent

Hilary Bransford

Vintage Realty Company Shreveport, LA 71101-3015
LACDB Member
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