JLL Brokers Sell Retail Property In Bossier City, Louisiana For $30.5M
SOLD
$30,500,000
+ 2
Louisiana
See Similar DealsRetail560,343 SF
Sold 08/09/2022
SOLD
JLL Brokers Sell Retail Property In Bossier City, Louisiana For $30.5M
540 Boardwalk Blvd, Bossier City, Louisiana 71111, United States
See Similar DealsRetail560,343 SF
Sold 08/09/2022
+ 2
Summary
LOUISIANA
Asset Type:Retail
Price Per Square Foot:$54
Total Square Footage:560,343 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,626,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$108,360.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,585.56
Annual Debt Service$1,735,026.72
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