Office
Buckner Square Medical
1800 Buckner Sq, Shreveport, LA 71101
Listing Price: $3,730,000
Investment Overview
Marcus & Millichap Real Estate Investment Services is pleased to offer for sale Buckner Square Medical, 1800 Buckner Square, a multi-tenanted medical office building located in a major medical corridor in Shreveport, Louisiana. Located just one block west of the Christus Schumpert Saint Mary Hospital Campus, 1800 Buckner Square has a current occupancy of 93 percent. This two-story professional medical office building contains approximately 53,459 net rentable square feet and has a strong stable rent roll. The property has excellent accessibility to I-20 and I-49. The property’s major tenants include the Center for Behavioral Health Louisiana, Northwest Louisiana Nephrology, and Overton Brooks Veterans Affairs Medical Center.
Existing ownership has taken great care of the asset over the course of its 25 year hold, with the last round of major renovations occurring in 2019. At 96 percent occupancy with a WALT of 4 years and remaining vacancies in spec move-in condition, Buckner Square offers an excellent opportunity to investors looking to achieve steady cash flow with minimal deferred maintenance.
Buckner Square Medical
Investment Highlights
- 9.00 Percent Year One CAP Rate and 9.36 Percent Year Two CAP Rate Based on Current Rent Roll
- Seller Financing with 10.27 Percent Cash-on-Cash Return
- Excellent Accessibility To All Major Traffic Arteries
- Easy Access To Interstate 49 And Interstate 20
- Located in the major medical corridor, near LSU, Intensive Specialty Hospital, and Shriners Children's Hospital
- Densely Populated Area With 147,734 Residents Within Five-Miles
- 96 Percent Occupancy with a WALT of 4 Years
Exclusively Listed By
Financing By
Listing Price: $3,730,000
Investment Highlights
- 9.00 Percent Year One CAP Rate and 9.36 Percent Year Two CAP Rate Based on Current Rent Roll
- Seller Financing with 10.27 Percent Cash-on-Cash Return
- Excellent Accessibility To All Major Traffic Arteries
- Easy Access To Interstate 49 And Interstate 20
- Located in the major medical corridor, near LSU, Intensive Specialty Hospital, and Shriners Children's Hospital
- Densely Populated Area With 147,734 Residents Within Five-Miles
- 96 Percent Occupancy with a WALT of 4 Years
Investment Overview
Marcus & Millichap Real Estate Investment Services is pleased to offer for sale Buckner Square Medical, 1800 Buckner Square, a multi-tenanted medical office building located in a major medical corridor in Shreveport, Louisiana. Located just one block west of the Christus Schumpert Saint Mary Hospital Campus, 1800 Buckner Square has a current occupancy of 93 percent. This two-story professional medical office building contains approximately 53,459 net rentable square feet and has a strong stable rent roll. The property has excellent accessibility to I-20 and I-49. The property’s major tenants include the Center for Behavioral Health Louisiana, Northwest Louisiana Nephrology, and Overton Brooks Veterans Affairs Medical Center. Existing ownership has taken great care of the asset over the course of its 25 year hold, with the last round of major renovations occurring in 2019. At 96 percent occupancy with a WALT of 4 years and remaining vacancies in spec move-in condition, Buckner Square offers an excellent opportunity to investors looking to achieve steady cash flow with minimal deferred maintenance.
Exclusively Listed By
Financing By
