2723 Standard Oil Rd Shreveport, LA 71108

Property Details for 2723 Standard Oil Rd

Year built

24

Lot size

0.35 lot acres

Property size

15,000 SF

Property type

Distribution centers

APN

171428-013-0020-00

Description

This exceptional 15,000-square-foot Class B warehouse in Shreveport, Louisiana, presents a compelling investment opportunity. Located at 2723 Standard Oil Rd, this single-story building sits on a 0.35-acre lot (APN: 171428-013-0020-00) and boasts 9 loading docks and a 23-foot ceiling height. Built in 1924 and extensively renovated in 2023, the property is currently 100% occupied by four tenants with short-term leases, offering immediate cash flow and future upside potential through market rent adjustments. The fenced and secured property includes a lay-down yard with expansion possibilities. The property's C-3 zoning permits a variety of industrial, logistics, distribution, and manufacturing uses. Its strategic location, less than five miles from I-20, I-49, the Inner Loop Expressway, and Shreveport Regional Airport, provides excellent accessibility. The asking price of $595,000 represents a compelling value, priced below comparable properties in the Shreveport market, offering a pro-forma NOI of $60,000 and a pro-forma cap rate of 10.08%. The low vacancy rate for flex industrial space in the area further underscores this property's strong investment potential, making it ideal for both investors seeking high returns and owner-users looking for a well-located asset below replacement cost. The current in-place rents are below market, providing a significant opportunity for increased profitability.