2723 Standard Oil Road Listing Details & Market Data

The subject property consists of a multi-tenant, light industrial building on 1.25 acres. It is zoned C-3, and logistically situated in an ideal location located just off the west side of Jewella Avenue in southwest Shreveport. Drive times are less than 5 miles from Interstate 20, Interstate 49, Inner Loop Expressway (LA-3132), and the Shreveport Regional Airport.Great Cash Flowing Assett. All four tenants are under 2-3 Year leases with annual rent increases. The current cap rate is 8.59% based on Net Operating Income. The cap rate after rent bumps is 9.15% based on NOI. All leases are Modified Gross (Tenant pays Rent and Electricity). Recent repairs include New HVAC, New overhead door, and resealed gutters. For Detailed Financial information please contact the agent or sign a Confidentiality Agreement via our website WWW.SRES.COM.The subject property consists of a multi-tenant, light industrial building on 1.25 acres. It is zoned C-3, and logistically situated in an ideal location located just off the west side of Jewella Avenue in southwest Shreveport. Drive times are less than 5 miles from Interstate 20, Interstate 49, Inner Loop Expressway (LA-3132), and the Shreveport Regional Airport.