2940 W Bert Kouns Listing Details & Market Data

The subject property is ideally located on W Bert Kouns Industrial Loop Expressway (LA Hwy 526) near the intersection of (US Hwy 171) Mansfield Road and W Bert Kouns Industrial Loop adjacent to Brookshires. The surrounding area is the center of business and commercial activity for southwest Shreveport. 2940 W Bert Kouns’ ideal location provides close proximity to Interstate 49, Interstate 20, Interstate 220, and the Shreveport Regional Airport.MOTIVATED SELLER!! Asking price of $1,999,000 is below appraised value of $2,340,000! This investment offering consists of a 23,900 square foot portion of a retail building fronting West Bert Kouns Industrial Loop Expressway. Available immediately! New $240,000 roof! Relatively new HVAC units! The building, 2940 W Bert Kouns Industrial Loop was built in 1984 for use as a furniture store consisting of 53,756 square feet. 29,631 square feet is leased to ToMakk Glass company for $4.05 per square foot per year net of taxes and CAM. The remaining 23,930 square feet consists of showroom and warehouse/light manufacturing space available for lease for $6.00 per square foot NNN, all situated on 3.55 acres. Net charges for taxes and insurance are $0.80/SF/Yr. The owner's insurance and management fees are currently $.55/SF/YR and are the only landlord expenses. The adjacent 20,000 SF pad site (2934 W Bert Kouns) is also available for sale for $300,000.This offering consists of a 23,900 square foot portion of a retail building fronting West Bert Kouns Industrial Loop Expressway. Available immediately! New $240,000 roof! Relatively new HVAC units! The building was built in 1984 for use as a furniture store consisting of 53,756 square feet. 29,631 square feet is leased to a glass company and 23,930 square feet of showroom/warehouse/light manufacturing space is available for lease for $6.00 per square foot NNN, all situated on 3.55 acres. Net charges for taxes and insurance are $0.80 per square foot per year. All leases are net of tenant's pro-rata share of property taxes and insurance at .80/SF/YR/ Owner's insurance and management fees are currently $0.55/square foot per year and are the only landlord expenses.