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Chase Bank 1935 Airline Dr 19,131 SF 100% Leased Retail Building Bossier City, LA 71112 $2,842,871 ($148.60/SF) 7% Cap Rate
Investment Highlights
- Below-Market Rental Structure
- Strong Deposit Base
- Built-In Rent Growth & Inflation Hedge
Executive Summary
Surmount is pleased to present the exclusive listing for a Chase Bank located at 1935 Airline Drive, Bossier City, LA 71112. The site consists of roughly 19,131 rentable square feet of building space on an estimated 2.77-acre parcel of land. Chase Bank is subject to a 25-year Gross lease, which commenced 8/1/2007. The current annual rent is $199,001 and has various scheduled increases.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
19,131 SF
Building Class
C
Year Built
1973
Price
$2,842,871
Price Per SF
$148.60
Cap Rate
7%
NOI
$199,001
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.16
Lot Size
2.77 AC
Zoning
B-3: General Business - Business Commercial
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 123448 | Improvements Assessment | $147,625 |
| Land Assessment | $105,430 | Total Assessment | $253,055 |
Property Taxes
Parcel Number
123448
Land Assessment
$105,430
Improvements Assessment
$147,625
Total Assessment
$253,055
Contacts
-
Ilan Bley -
Anthony D'Ambrosia -
Josh Kanter -
Glen Kunofsky -
Christopher Marks -
Surmount
1 of 4
Videos
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Matterport 3D Tour
Photos
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Street
Map
Presented by
Chase Bank | 1935 Airline Dr
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