Shreveport, LA - Wesco

Description:

• 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 3 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
• New metal roof with warranty

• The subject property is located directly off of Interstate 20, which sees an average of 107,500 vehicles passing by daily
• The asset is located approximately 0.6 miles from the full four-way interchange at Interstate 49 and 0.9 miles from Interstate 20
• The site is strategically located in one of the largest industrial corridors in all of Shreveport

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Listing ID: a28TP000001LxNtYAK