Southwest Corporate Center 9300 Mansfield Road, Shreveport, La 71118
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PROFESSIONAL OFFICE BUILDING FOR SALE SOUTHWEST CORPORATE CENTER 9300 MANSFIELD ROAD, SHREVEPORT, LA 71118 Exclusively Listed by Michele Sauls, Associate Broker 318-222-2244 | [email protected] SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105 Vintage Realty Company Disclaimer & Confidentiality Statement This information contained within this sales package (“Information”) was prepared by Vintage Realty Company from data provided by the (“Owner”) and it contains selected information pertaining to a commercial portfolio (the “Property”). We do not purport it to be all-inclusive nor does it contain all the information a prospective purchaser may desire. An opportunity to inspect the Property will be made available to qualified prospective purchasers. While Vintage Realty Company does not doubt its accuracy, the Information has not been verified and Vintage Realty Company makes no guarantee, warranty or representation about it. It is a prospective purchaser’s responsibility to independently confirm its accuracy and completeness. The value of this transaction to any prospective purchaser depends on tax, legal and other factors which should be evaluated by qualified tax, financial and legal advisors. Any prospective purchaser and advisors should conduct a careful, independent investigation of the Property to determine satisfaction as to the suitability of the Property. Owner and Vintage Realty Company expressly reserve the right, at their sole discretion, to reject any or all expression of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Owner shall have no legal commitment or obligation to any purchaser reviewing this Information unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by Owner, and any conditions to Owner’s obligations have been satisfied or waived. Vintage Realty Company is not authorized to make any representations or agreements on behalf of Owner. This Information is the property of, and may only be used by parties approved by Vintage Realty Company and Owner. The Property is privately offered and, by accepting this Information, the party in possession hereof agrees (i) to return it to Vintage Realty Company immediately upon request of Vintage Realty Company or Owner and (ii) that this Information is of a confidential nature and will be held and treated in the strictest confidence. No portion of this material may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Vintage Realty Company and Owner. The terms and conditions set forth above apply to this Information in its entirety. MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 2 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105 Contact Information: Michele Sauls Associate Broker Office: 318-222-2244 Mobile: 318-458-9068 Fax: 318-222-0880 e-mail: [email protected] web: www.vintagerealty.com PROPERTY SALE PRICE: $ 3,050,000 MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 3 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105 I Executive Summary ................................................... Page 6 II Property Information & Location Description ........ Page 7 III Building Floor Plans ................................................ Page 11 IV Property Photographs ............................................... Page 14 V Demographics ............................................................ Page 17 VI Revenue & Expenses ............................................ Page 18 ALL INFORMATION CONTAINED HEREIN IS BELIEVED TO BE ACCURATE, BUT IS NOT WARRANTED AND NO LIABILITY OF ERRORS OR OMISSIONS IS ASSURED BY EITHER THE PROPERTY OWNER OR VINTAGE REALTY COMPANY OR ITS AGENTS AND EMPLOYEES. PRICES AS STATED HEREIN AND PRODUCT AVAILABILITY IS SUBJECT TO CHANGE AND/OR SALE OR LEASE WITHOUT PRIOR NOTICE, AND ALL SIZES AND DIMENSIONS ARE SUBJECT TO CORRECTION. REV 10/2020 MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 4 PROFESSIONAL OFFICE BUILDING AVAILABLE FOR SALE Exclusively Listed by: MICHELE SAULS ASSOCIATE BROKER VINTAGE REALTY COMPANY PAGE 5 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105 EXECUTIVE SUMMARY: z Sale Price: $3,050,000 z Lot Size: 2.43± acres z Rentable Area: 33,940 SF z Gross Area: 35,000 SF z No. of Stories: Three (3) z Year Built: 1984 z Property Zoning: C-2 z Flood Zone: X - Minimal Flood Hazard PROPERTY OVERVIEW: z Well Maintained, Professional Office Building - Full service, gross leases/base year stop. z Healthy 92% Occupancy, with Various Size Suites Available to Accomodate Local and Regional Tenant Mix - Upside Potential z Property Benefits from Tenant Mix that Includes More Than 60% “Essential Businesses” z Site Well-Positioned with High Visibility Building, Proximity to 3rd Busiest Intersection In Market z Located on Highway 171/Mansfield Road - Major Artery for South bedroom communities Stonewall, Keithville, Frierson, and more. MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 6 PROPERTY INFORMATION & LOCATION DESCRIPTION z 2.438 Acres or 106,169 square feet z Three-story professional office building z 35,000 Square Feet Gross Building Area z 33,940 Rentable Square Feet z Highly visible and prominent location in Southwest Shreveport z Great access to both Mansfield Road and Bert Kouns Industrial Loop z Generous parking and security system in building z Elevator Served z Daily Traffic Count: 54,914 Cars Per Day z Zoned C-2 z The site is slightly irregularly shaped with a 25 foot easement existing along the north side of Lot 2 providing additional access to the rear of the site and directly to Bert Kouns. The site fronts U.S. Highway 171 (Mansfield Road) and is an excellent site having visibility from both directions along Mansfield Road and adequate ingress-egress from this major traffic artery. SUBJECT PROPERTY Mansfield Rd. For more information, contact: Michele Sauls, Associate Broker 318.222.2244 | [email protected] PAGE 7 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105 Neighborhood Aerial Walker Rd Walker 3rd Busiest Intersection Mansfield Road MAJOR HOSPITAL Bert Kouns Industrial Loop Road Kingston SUBJECT Caddo Apartments PROPERTY Library Ridgewood Apartments Middle School Apartments ZOOM VIEW OF SUBJECT PROPERTY Gamble Senior Living Mansfield Rd. MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 8 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105 Active Intersection Ingress & egress available - access from Bert Kouns Bert Kouns Industrial Loop 54,914 Cars Per Day SUBJECT PROPERTY Mansfield Road MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 9 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105 Shreveport/Bossier City is part of the area called the Ark-La-Tex, a U.S. socio-economic region where Arkansas, Louisiana, Texas, and Oklahoma intersect. The Shreveport—Bossier City MSA is home to Barksdale Air Force Base, Cyber Innovation Center, the CenturyLink Event Center, multiple colleges and universities, as well as several upscale riverboat casinos that bring over 2 million tourists to the area each year. Shreveport North Louisiana’s 14 parishes of over 815,000 residents boast some of the most vibrant and diverse economies Alexandria in the nation. The population within a 20 mile radius of Baton Rouge Shreveport Bossier in 2010 was 365,719 with a projected 2022 population of 395,235. Source: US Census Bureau and ESRI forecasts. Northwest Louisiana supports a large and sophisticated healthcare sector, a competitive manufacturing base, a reenergized oil and gas sector (through the exploration of the Haynesville Shale), a sizeable and diverse service sector and supplier network, a transforming timber/paper industry, a hospitality/gaming industry, federal installations and more. SHREVEPORT-BOSSIER CITY MAJOR EMPLOYERS (1,000+ EMPLOYEES) AREA RANKINGS Barksdale Air Force Base 14,500 North Louisiana Ranks as #1 Lowest Cost of Doing Business Caddo Parish Public Schools 9,416 Study by nlep.com, 2017 Willis-Knighton Medical Center 7,082 Bossier Parish School Board 3,000 Shreveport-Bossier MSA ranks No. 2 as an Emerging Cybersecurity Hub LSU Health Shreveport 2,762 Business Facilities, 2017 University Health 2,673 City of Shreveport 2,569 Shreveport-Bossier MSA ranks No. 4 for Economic Growth Potential Horseshoe Bossier City 2,532 Business Facilities, 2017 State of Louisiana Civil Service 2,380 Shreveport-Bossier MSA ranks No. 10 for Lowest Cost of Living Wal-Mart Stores, Inc. 2,001 Christus Schumpert Health 1,980 Business Facilities, 2017 US Dept. of Veterans Affairs 1,682 Shreveport ranks #1 Place to Start A Business Teleperformance, Inc. 1,623 WalletHub, 2016 Sam’s Town Casino 1,265 Eldorado Resort Casino 1,214 Shreveport ranks Number 4 Nationally for Economic Potential Diamond Jacks Casino 1,200 nlep.com, 2017 Margaritaville Resort Casino 1,052 Source: North Louisiana Economic Partnership nlep.org MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 10 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105 Building Floor Plans - 1st Floor Current Occupancy LEASED Stairs Elevator lobby MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 11 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105 Building Floor Plans - 2nd Floor Current Occupancy Restrooms LEASED MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 12 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105 Building Floor Plans - 3rd Floor Current