2723 Standard Oil RdShreveport, LA 71108

Property Details for 2723 Standard Oil Rd

Year built

1990

Lot size

3.50 AC

Property size (Sq ft)

15,000 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional 15,000-square-foot warehouse, situated on 3.5 acres in Caddo Parish, presents a compelling investment opportunity. Built in 1990 and extensively renovated in 2023, the property boasts a single-story building with four suites, each offering 5,000 square feet of space. Currently, 5,000 square feet is available for lease. The building features a 23-foot ceiling height and is zoned C-3, making it ideal for various industrial, logistics, distribution, and manufacturing uses. Its prime location offers easy access to major transportation arteries, including I-20, I-49, the Inner Loop Expressway, and Shreveport Regional Airport, all within five miles. The property includes a fenced and secured lay-down yard with potential for future expansion. Below-market rents provide significant upside potential for investors through lease renewals. Short-term leases offer an attractive acquisition opportunity for owner-users seeking a well-located asset below replacement cost. The property's low vacancy rate (under 2.5%) in a tight market with no new construction planned for 2024, coupled with its pricing below comparable buildings in Shreveport, makes this a truly exceptional investment. Historically, vacancy rates for spaces under 5,000 square feet have been 50% lower than the overall industrial market average over the past five years. The APN is 171428-013-0020-00.

Location Insight

City

Shreveport

County

Caddo Parish

State

Louisiana

Latitude

32.434

Longitude

-93.7993

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