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Huntington Park Shopping Center 6713, 6715, 672 Pines Rd. Rd 59,265 SF 100% Leased Retail Building Shreveport, LA 71129 $5,331,300 ($89.96/SF) 9.50% Cap Rate
EXECUTIVE SUMMARY
100% occupied Plantation Plaza boasts a healthy tenant mix of grocery and essential goods retailers, salons, hobby stores, and financial services. Coupled with popular casual dining restaurants, this is a frequent shopping destination for local residents and tourists. The landmark center has both retained long term tenants and attracted new tenants steadily. The location is perfectly situated near Barksdale Air Force Base, residential areas, and the Jimmy Davis bridge which provides quick access to Shreveport across the Red River. This staple center appeals to investors, retailers, and shoppers alike.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Building Size
59,265 SF
Year Built
1983
Price
$5,331,300
Price Per SF
$89.96
Cap Rate
9.50%
NOI
$506,475
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
13.24 AC
Opportunity Zone
Yes
Zoning
C-3 - General Business
Parking
385 Spaces (6.5 Spaces per 1,000 SF Leased)
Frontage
250,470’ on Pines Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $575,787 | |
| Land Assessment | $165,755 | Total Assessment | $741,542 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$165,755
Improvements Assessment
$575,787
Total Assessment
$741,542
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Huntington Park Shopping Center | 6713, 6715, 672 Pines Rd. Rd
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