Youree Center

Office for Sale
Catylist Listing ID: 30607058
Property Subtypes: Office Building
Building Size (RSF): 18,033 SF
Gross Building Area: See Agent
Sale Price: $1,300,000
Unit Price: $72.09 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2020

Overview / Comments

The Youree Center is back on the market! New tenants has increased the occupancy rate to 89%. Projected cap rate for 2020 is 8.5%. Property is centrally located office building near the corner of Youree Drive and Kings Highway with bus stop in front of building. Traffic count is 26,000 vehicles per day on Youree Drive and 23,000 on Kings Hwy. Property is a two story building with 18,033 square feet and is in excellent condition with ample parking. Entire space has been completely renovated. Strong tenants including a GSA lease for the VA.

Great Investment property at $1,300,000

Attachments & Media

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Tax ID/APN: 171317040017300
Property Visibility: Excellent
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,376 82,104 183,447
Median Age: 33.59 36.13 34.89
Households: 5,346 35,391 74,332

Contact

Photograph of Listing Agent

Paul Draper

Walker-Alley & Associates Shreveport, LA 71166
LACDB Member
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