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: |
6/2/2020 |
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
|
Additional Details
| Nearest MSA: |
Shreveport-Bossier City |
| County: |
Caddo |
| Tax ID/APN: |
171317040017300 |
| Property Visibility: |
Excellent |
| Construction/Siding: |
Brick |
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 |
|
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