301 Benton RdBossier City, LA 71111

Property Details for 301 Benton Rd

Year built

1979

Lot size

0.10 AC

Property size (Sq ft)

31,930 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

129940

APU

129940

Description

This exceptional, renovated Class A office building, totaling 34,290 square feet, presents a unique investment opportunity in Bossier City, Louisiana. Situated on a 2.752-acre lot at the highly visible intersection of Benton Road and LA Hwy 3, this two-story building boasts a prominent hard-corner location with excellent visibility and access. Originally constructed as a bank headquarters, the property underwent extensive renovations in 2018, resulting in high-quality Class A amenities and attractive interior finishes. The building features 16,528 square feet on the first floor and 15,960 square feet on the second floor, with ample on-site parking including seven drive-thru lanes. Currently operating under a NNN lease expiring December 20, 2024, with an occupancy rate of 11.86%, this fee-simple property offers significant upside potential. The asking price of $3,750,000 is well below replacement cost for comparable assets, making it an attractive investment for owner-users or investors seeking an opportunistic acquisition. The property's strategic location offers close proximity to Barksdale Air Force Base and Shreveport, LA. Existing furniture, fixtures, and equipment are negotiable and may be included in the sale. The property's APN is S258 0019D.

• CAP approach

  CAP return

  Valuation

  6%

  $8,777,482

  6.5%

  $8,102,291

  7%

  $7,523,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,030,929

  Geo Method

  $2,283,953

• Alternative Use

  Use

  Valuation

  Residential

  $10,046,841

  Hospitality

  $9,202,852

  Educational

  $7,656,665

  Medical

  $7,919,990

  Retail

  $11,910,368

Location Insight

City

Bossier City

County

Bossier

State

Louisiana

Latitude

32.5192

Longitude

-93.7176

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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