400 Lake StShreveport, LA 71101

Property Details for 400 Lake St

Property size (Sq ft)

30,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional 30,000-square-foot industrial property, situated in Shreveport's vibrant central business district at 400 Lake St, offers a unique blend of flex, R&D, and warehouse space. Formerly the Shreveport Times building, this two-story structure boasts a prime location with easy access to I-20 and I-49, providing convenient access to major transportation routes. The property features a 2.5-ton gantry system, high-flow ventilation fans on the upper level, two freight elevators, and individual climate-controlled offices, restrooms, and mechanical rooms. A robust 4000-amp service and a 2.5-megawatt transformer ensure ample power, with expansion capabilities. Additional features include bay doors and a complete sprinkler system. Currently, a portion of the building (15,000+ square feet) is leased, generating a monthly income of $4,500 plus NNN. The asking price for the entire 30,000-square-foot building is $2,000,000, translating to $66.67 per square foot. Located within a Federal Opportunity Zone, this property is within walking distance of the Red River Entertainment District, casinos, Festival Plaza, Federal Courts, the Shreveport Convention Center, and major office buildings. This presents a compelling investment opportunity in a thriving urban core. The property is offered for sale by owner under a NNN lease type. The APN is 181437202000100.

Location Insight

City

Shreveport

County

Caddo Parish

State

Louisiana

Latitude

32.51

Longitude

-93.7459

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