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Office w/ Apt Convert + 45% Tax Credits 525 Milam St 293,917 SF 100% Leased Office Building Shreveport, LA 71101 $3,000,000 ($10.21/SF)
Investment Highlights
- This historic office tower at the heart of Downtown Shreveport will be delivered vacant, allowing for multiple value-add growth opportunities.
- Passenger elevators, 24/7 security access, and a data center with a Liebert unit, UPS backup, and a Halon system.
- Building’s prime location places businesses within walking distance to casinos, Courthouse, City Hall, convention center, and more.
- Businesses can take advantage of a robust workforce of over 115,000 within 10 miles, with more than 23% carrying a bachelor’s degree or higher.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
293,917 SF
Building Class
B
Year Built
1950
Price
$3,000,000
Price Per SF
$10.21
Percent Leased
100%
Tenancy
Multiple
Building Height
14 Stories
Typical Floor Size
20,994 SF
Building FAR
1.18
Lot Size
5.74 AC
Opportunity Zone
Yes
Zoning
D-1 - Downtown Zoning District
Parking
10 Spaces (0.03 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 181437-129-0010-00 | Improvements Assessment | $35,550 |
| Land Assessment | $6,300 | Total Assessment | $41,850 |
Property Taxes
Parcel Number
181437-129-0010-00
Land Assessment
$6,300
Improvements Assessment
$35,550
Total Assessment
$41,850
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Contact the Sale Advisor
Office w/ Apt Convert + 45% Tax Credits | 525 Milam St