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540 Boardwalk Blvd, Bossier...

JLL Brokers Sell Retail Property In Bossier City, Louisiana For $30.5M
SOLDRetail

JLL Brokers Sell Retail Property In Bossier City, Louisiana For $30.5M

540 Boardwalk Blvd, Bossier City, Louisiana 71111, United States

$30,500,000

$54/SF

Building Size

560,343 SF

Asset Type

Retail

Closing

Aug 8, 2022

AI

The retail property located at 540 Boardwalk Blvd in Bossier City, LA has been sold. The transaction was facilitated by Adam Howells, Ryan Shore, Zach Riebe, Matthew Barge, and Cole Sutter of JLL. The property spans across 560,343 square feet and was sold for a price of $30,500,000, resulting in a price per square foot of $54.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $30,500,000
  • Address: 540 Boardwalk Blvd, Bossier City, LA
  • Market: Bossier City, LA

The deal was successfully closed with the assistance of Adam Howells, Ryan Shore, Zach Riebe, Matthew Barge, and Cole Sutter from JLL. Their expertise in the real estate market played a crucial role in ensuring a smooth transaction.

Players

Zach Riebe

Newmark

Broker

$297.5M

vol

32 deals

Broker

Bossier City Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93