Louisiana Emergency Evacuation Center Single-Tenant Lease

Industrial for Sale
Catylist Listing ID: 30770517
Property Subtypes: Flex Space, Mixed Use, Light Industrial
Building Size (RSF): 154,003 SF
Gross Land Area: 18.76 Acres
Sale Price: $3,999,000
Unit Price: $25.97 PSF
Property Use Type: Investment
Building Name: State of Louisiana Department of Social Services
Usable Size (USF): 154,003 SF
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Average Occupancy Rate: 100
Last Updated: 12/1/2021

Overview / Comments

Single-tenant lease (STL) offering leased to The State of Louisiana Department of Children Family Services and functions as an emergency evacuation center.​ The property is also used for critical planning and infrastructure for the state of Louisiana.​ The property is located at 8810 Jewella Avenue in Shreveport, LA, and is situated in the northwest corner of the state.​ Shreveport is 180 miles due east of Dallas, Texas, and 220 miles due west of Jackson, Mississippi.​

8810 Jewella consists of 18.76 acres +/- and was originally constructed as a Sam’s Club in 1992 and renovated in 1998. The property consists of approximately 154,003 rentable square feet and offers 1,023 off-road parking spaces. The building is 100% heated and cooled, with excellent lighting. The ceiling height is 22' at the eave, and 25' at the center. The building column spacing is 60' x 40'. The future use of the building could include logistics and manufacturing. 

The subject property is adjacent to State Highway 3132 and the Jewella exit is on the southern property line. Louisiana State Highway 3132 serves as a major artery to eastbound and westbound I-20 as well as northbound and southbound along I-49 and the I-220 Loop.  

*​Unique opportunity to purchase a single-tenant investment property well below replacement cost

*​100% occupied by the State of Louisiana Department of Children and Family Services and functions as an emergency evacuation center and critical planning and infrastructure for the state.

*​Former Sam's Club consisting of 154,003 sq. ft. situated on 18.76 acres

*​100% heated and cooled facility ideal for future use in logistics and/or manufacturing

*​Strategically positioned at a signalized intersection in Shreveport, Louisiana

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Taxing Authority: Caddo, Bossier
Tax ID/APN: 171433025000300
Property Located Between: Jewella Ave and Meriwether Road
Tenancy: Single Tenant
Total Number of Buildings: 1
Typical SF / Floor: 154,003 SF
Property Condition: Good
Year Built: 1992
Year Renovated: 1998
Roof Type: Flat
Construction/Siding: Steel Frame
Parking Type: Surface
Total Parking Spaces: 1,023
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,754 59,386 134,359
Median Age: 34.83 33.76 35.3
Households: 3,079 22,681 53,404

Contact

Photograph of Listing Agent

Justin P Langlois

Stirling Properties Baton Rouge Baton Rouge, LA 70809
LACDB Member
Photograph of Listing Agent

James S Dowling

Stirling Properties Baton Rouge Baton Rouge, LA 70809
LACDB Member
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