400 Lake St Shreveport, LA 71101
- Life science properties
- 30,000 SF
Current Use by Public Records
- A Squared W LLC / Store
Property Details for 400 Lake St
- Property size
- 30,000 SF
- Property type
- Life science properties
- Property subtype
- Flex space
- APN
- 181437202000100
Description
This exceptional 30,000-square-foot industrial property, situated in Shreveport's vibrant central business district at 400 Lake St, offers a unique blend of flex, R&D, and warehouse space. Formerly the Shreveport Times building, this two-story structure boasts a prime location with easy access to I-20 and I-49, providing convenient access to major transportation routes. The property features a 2.5-ton gantry system, high-flow ventilation fans on the upper level, two freight elevators, and individual climate-controlled offices, restrooms, and mechanical rooms. A robust 4000-amp service and a 2.5-megawatt transformer ensure ample power, with expansion capabilities. Additional features include bay doors and a complete sprinkler system. Currently, a portion of the building (15,000+ square feet) is leased, generating a monthly income of $4,500 plus NNN. The asking price for the entire 30,000-square-foot building is $2,000,000, translating to $66.67 per square foot. Located within a Federal Opportunity Zone, this property is within walking distance of the Red River Entertainment District, casinos, Festival Plaza, Federal Courts, the Shreveport Convention Center, and major office buildings. This presents a compelling investment opportunity in a thriving urban core. The property is offered for sale by owner under a NNN lease type. The APN is 181437202000100.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shreveport
- County
- Caddo Parish
- State
- Louisiana
- Longitude
- -93.745911933575
- Latitude
- 32.509990146097
