For Sale
$1,320,000

935 Texas AveShreveport, LA 71101

High-Cap Rate Industrial Property, 21,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 21,000-square-foot industrial property located at 935 Texas Ave, Shreveport, Louisiana, 71101. The property, situated on 1.27 acres, features a well-maintained single-story building with a blend of warehouse and office space. The 15,974-square-foot warehouse boasts a fully insulated interior, a sprinkler system, two dock-high doors, and two grade-level doors, ensuring efficient operations. The 5,126-square-foot showroom/office area provides ample space for administrative functions. The property is fully occupied by a long-term tenant—a 34-year-old, independently owned wholesale electrical products supplier—under a triple-net (NNN) lease with a remaining term of three years and two three-year renewal options, expiring August 31, 2025. The property is secured by security fencing and zoned D-1-AC. This investment offers a compelling 8.00% cap rate at an asking price of $1,320,000, translating to $62.86 per square foot. The strong tenant history and favorable lease terms make this a highly attractive opportunity for investors seeking stable income and long-term growth potential in the Shreveport market.

Highlights

  • $1,320,000 asking price for a 21,000 SF industrial property.
  • 8.00% cap rate with a strong, long-term tenant.
  • NNN lease with 3 years remaining, plus two 3-year renewal options.
  • The property features 5,126 SF of showroom/office space and 15,974 SF of warehouse space.
  • Warehouse includes full insulation, a sprinkler system, 2 dock-high doors, and 2 grade-level doors.
  • Situated on a 1.27-acre lot with security fencing in Shreveport, LA.

Property Details for 935 Texas Ave

Property type
Warehouses, Office properties
Square Feet
21,000 SF
Class
B
Buildings
1
Stories
1
Lot Size (sq. ft)
55,321 SF

Location Insight

City
Shreveport
County
Caddo Parish
State
Louisiana
Latitude
32.5058384
Longitude
-93.7519997
935 Texas Ave, Shreveport, Louisiana

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935 Texas Ave
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