Real Estate Investment Opportunity - 8% CAP RATE

Shreveport, LA (Caddo County)

Real Estate Investment Opportunity - 8% CAP RATE
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Asking Price: $500,000

Gross Revenue: $40,000

Price/Sq. Ft.: $30.06

NOI: $40,000

Building SF: 16,636

FF&E: N/A

Year Built: 1997

Real Estate Investment Opportunity - 8% CAP RATE

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Property Description

Real Estate Investment Opportunity with an 8% annual ROI. This Retail/Warehouse building is 16,636 sq ft and has 2nd floor, large warehouse, and yard space behind building. Seller is willing to lease back from buyer for $3,333/mo and will pay property taxes, insurance and maintenance. If buyer intends to use after purchase, seller can vacate.

Detailed Information

Location:
Shreveport, LA
Type:
Retail
Building SF:
16,636
Building Status:
Established
Facilities:
Office showroom space in the back and 2nd floor with large warehouse and yard space behind building.
Current Property Expenses:
$4,636/yr for city and parish taxes combined, insurance approximately $1,500/yr
Current and Prior Use:
Currently in use by owner as an equipment rental business.
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Chris Sater, CMA, MBA

Property Listed By:
Chris Sater

Sunbelt Business Brokers of North Louisiana

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Sponsoring Broker:
Darren Williams

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