2525 Youree Dr Shreveport, LA 71104
- Commercial real estate
- 22,760 SF
Current Use by Public Records
- Adult Probation & Parole / Probation Office
- A & D Counseling & Education / Rehabilitation Center
Property Details for 2525 Youree Dr
- Property size
- 22,760 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully leased, single-story office building situated at 2525 Youree Dr, Shreveport, LA 71104. The 22,760 square foot building sits on an 84,509 square foot lot and is zoned C-3. Currently boasting a 100% occupancy rate, the property generates a strong net operating income (NOI) of $160,000, resulting in an attractive 8.00% capitalization rate. The asking price is $2,000,000, translating to a price per square foot of $87.87. The building's primary tenant is the State of Louisiana Probation and Parole office, occupying 18,440 square feet under a new 7-year lease in a space custom-designed to their specifications. An additional 4,320 square feet is leased to GEO Reentry Services. The lease type is gross, and tenant credit is rated. This property offers a compelling combination of strong cash flow, long-term lease stability, and a prime location in Shreveport, Caddo Parish. The building's single-story design and substantial lot size provide further investment potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shreveport
- County
- Caddo Parish
- State
- Louisiana
- Longitude
- -93.723980069393
- Latitude
- 32.48741227832