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1535 WILKINSON ST Shreveport LA 71103-3735

[Locked] • APN 171412-006-0035-00

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Details
Property Type Industrial, Retail
Sub Type Distribution, Warehouse
Building SqFt 100
Lot SqFt 31,431
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C-4
Year Built 1964
Building Count 1
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Lease Rate ******
Lease Type ******

Property History

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Property Type
Property Type
Industrial, Retail
Property Subtype
Distribution, Warehouse
Investment Highlights

• Tenant has been at the site since 1964, demonstrating long-term commitment

• The lease features 3% annual increases throughout the initial term and FMV increases in the remaining option period

• The tenant Wesco Distribution, Inc., has approximately 4 years remaining on its lease, with 1 (5-year) option to extend

• Wesco, a publicly traded company headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain solutions

• Ideal Functionality: Two dock high loading docks, 1 ramp, all concrete site, fenced secured yard for outdoor storage, fully insulated building

• Below market rent ($4.35 PSF) and only $64.87 PSF, which is far below replacement cost

Property Type
Property Type
Industrial, Retail
Property Subtype
Distribution, Warehouse
Asking Details
Asking Cap Rate
******
Investment Highlights

• Tenant has been at the site since 1964, demonstrating long-term commitment

• The lease features 3% annual increases throughout the initial term and FMV increases in the remaining option period

• The tenant Wesco Distribution, Inc., has approximately 4 years remaining on its lease, with 1 (5-year) option to extend

• Wesco, a publicly traded company headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain solutions

• Ideal Functionality: Two dock high loading docks, 1 ramp, all concrete site, fenced secured yard for outdoor storage, fully insulated building

• Below market rent ($4.35 PSF) and only $64.87 PSF, which is far below replacement cost

Sale Date
******
Sold Price
******
Buyer Borrower 1 Corp Indicator
******
Buyer Borrower 1 Name
******
Buyer Borrower 1 Ownership Rights Code
******
Document Number
******
Document Type
******
Resale Flag
******
Sales Price Code
******
Transaction Type
******
Seller 1 Name
******
Seller 2 Name
******
Sold By
******
Sold To
******
Property Type
Property Type
Industrial
Property Subtype
Distribution
Marketing Description

1535 Wilkinson is a 10,900 Square Foot Building Located Along the Kings Highway Corridor Near Lsu Medical Center, I-20 and I-49. Approximately 1,900 Square Feet of Offices, Sales Counter and Restrooms Are in Excellent Conditionwith Updated Handicapped Accessible Restrooms. Majority of the Lot is Concrete Surfaced.

Investment Highlights
  • 1535 Wilkinson is a 10,900 square foot building located along the Kings Highway corridor near LSU Medical Center, I-20 and 1-49. Approximately 1,900 square feet of offices, sales counter and restrooms are in excellent condition with updated handicapped accessible restrooms. Majority of the lot is concrete surfaced.
  • There is an existing lease in place with Wesco who is ranked #181 on Fortune 500 list. Income information can be provided.
  • Building Size: 10,900 sf with 1,900 sf of offices, sales area and ADA restrooms.

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
BK
Beth King PRO
•••.•••.6066
beth@••••••••••••••••••.com
Brokerage logo
Sold on
 BY:
JP
Jake Prater PRO
•••.•••.8099
••••.••ater@•••••.com
Brokerage logo

Map

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