Catylist ID:
#30836553
9595 MANSFIELD ROAD
Industrial
for Sale
Also listed as Business Opportunity
| Catylist Listing ID: | 30836553 |
| Property Subtypes: | Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Self Storage, Truck Terminal, Warehouse/Distribution, Other |
| Building Size (RSF): | 953,443 SF |
| Gross Land Area: | 74.58 - 137 Acres |
| Sale Price: | $18,750,000 |
| Unit Price: | $19.67 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | Mansfield Warehouse |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 35 |
| Last Updated: | 9/24/2023 |
Overview / Comments
|
Property currently is 32.80% leased; current cap rate is 4.27 (substantial upside potential! Total sf = 953,443 Total leased sf = 312,700 Total vacant sf = 640,743 current NOI is $726,393 $4.6 million in renovations completed in the last several years. |
Attachments & Media
Financials
| Finance Data Year | 2020 |
|---|---|
| Gross Operating Income | $1,058,735 (Annual) |
Additional Details
| Nearest MSA: | Shreveport-Bossier City |
| County: | Caddo |
| Taxing Authority: | CADDO PARISH |
| Zoning: | I-1 |
| Property Located Between: | across from Super Wal-Mart |
| Side of Street: | East |
| Road Type: | Highway |
| Transportation: | Rail |
| Highway Access: | US Hwy 171 (Mansfield Road) |
| Rail Access: | Yes |
| Airports: | Shreveport Regional Airport |
| Site Description: | level and well drained substantial on-site parking, approx. 30 acres |
| Tenancy: | Multiple Tenants |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Year Built: | 1965 |
| Year Renovated: | 2018 |
| Roof Type: | Flat |
| Construction/Siding: | Concrete - Tilt up |
| Parking Type: | Surface |
| Total Parking Spaces: | 3,000 |
| Sprinklers: | Wet |
| Zoning Description: | light industrial |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,018 | 35,897 | 81,443 |
| Median Age: | 35.61 | 35.82 | 35.67 |
| Households: | 2,841 | 14,518 | 31,851 |
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