2160 Airline DrBossier City, LA 71111

Property Details for 2160 Airline Dr

Year built

1980

Lot size

0.30 AC

Property size (Sq ft)

1,750 SF

Property type

Medical offices

Property subtype

Medical centers

APN

154129

APU

154129

Description

This exceptional investment opportunity presents two medical office buildings situated on a 0.67-acre lot in Bossier City, Louisiana, at 2160 & 2160 (B) Airline Drive, zip code 71111. The property is zoned B-2 and features ample concrete parking and driveways. The main building, 2160 Airline Drive, offers 3,670 square feet of space, divided into 3,288 square feet on the first floor and 382 square feet on the second. A modified net lease is in place with a rate of $22.00 per square foot. The second building, 2160 (B) Airline Drive, comprises 1,750 square feet and is currently leased to a dental practice, with the tenant paying $3,450 per month in a net-net-net (NNN) lease, equating to $23.66 per square foot. Lease terms are available upon request. Both buildings are offered for sale together at an asking price of $1,300,000. This presents a strong potential for immediate income generation and future appreciation in a desirable Bossier City location. The property's size and zoning make it suitable for a variety of medical uses. The existing lease agreements demonstrate strong tenant occupancy and consistent rental income. This is a rare opportunity to acquire a well-maintained, income-producing medical office complex in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $481,071

  6.5%

  $444,065

  7%

  $412,346

• Comparable approach

  Method

  Valuation

  Relative Method

  $330,540

  Geo Method

  $125,178

• Alternative Use

  Use

  Valuation

  Residential

  $550,641

  Hospitality

  $504,384

  Educational

  $419,642

  Medical

  $434,074

  Retail

  $652,776

Location Insight

City

Bossier City

County

Bossier

State

Louisiana

Latitude

32.5394

Longitude

-93.7076

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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