1935 Airline DrBossier City, LA 71112

Property Details for 1935 Airline Dr

Year built

1983

Lot size

2.75 AC

Property size (Sq ft)

20,809 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

123448

APU

123448

Description

This exceptional investment opportunity presents a 19,131 square foot, Class B office building located at 1935 Airline Drive in Bossier City, Louisiana. The property, built in 1973 with renovations in 1982, sits on a 2.76-acre lot and boasts 89 parking spaces. Currently operating at 100% occupancy, the building features a single tenant, JPMorgan Chase Bank, under a long-term lease with a recent 10-year renewal. The property offers a strong net operating income (NOI) of $181,044, with an asking price of $2,350,000. Key features include a full-service gross lease with base rent escalations, a 2022 base year expense stop for Chase Bank, and significant recent upgrades such as a 2007 Johns-Manville roof and 13 split system HVAC units. The property is zoned B-3 and offers a strategically advantageous location on Airline Drive. Owner financing is available for qualified buyers. This is a rare opportunity to acquire a stable, high-performing investment property anchored by a blue-chip tenant in a prime Bossier City location. The building's size is 19,131 net rentable square feet, with a total gross square footage of 20,246.

• CAP approach

  CAP return

  Valuation

  6%

  $5,720,345

  6.5%

  $5,280,318

  7%

  $4,903,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,930,398

  Geo Method

  $1,488,468

• Alternative Use

  Use

  Valuation

  Residential

  $6,547,595

  Hospitality

  $5,997,562

  Educational

  $4,989,901

  Medical

  $5,161,512

  Retail

  $7,762,068

Location Insight

City

Bossier City

County

Bossier

State

Louisiana

Latitude

32.5219

Longitude

-93.6974

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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