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3903-3919 and 3949 Southern Ave 2 Properties Offered at $3,829,504 CAD in Shreveport, LA
Investment Highlights
- High-visibility location with access to I-49
- Diversified income stream with long-term stability and near-term upside
- Proximate to I-49, Mall St. Vincent, and Ochsner LSU Health Shreveport
- Medical tenancy in place with near-term lease expiration (10/31/2026)
- Lease-up opportunity to increase NOI
- Located in established healthcare corridor with strong demand drivers
Executive Summary
Property Description
This two-property portfolio at 3903-3919 and 3949 Southern Avenue offers a strategic blend of stable income and value-add upside in a high-traffic Shreveport corridor. Totaling ±19,915 square feet and offered at $2,800,000 (5.7% cap rate), the assets are positioned near I-49, Mall St. Vincent, and Ochsner LSU Health Shreveport.
3903-3919 Southern Avenue is a recently renovated ±9,800 SF multi-tenant office property with flexible suite configurations and leasing upside. The asset features strong visibility, modernized storefronts, and energy-efficient improvements. Current tenancy includes a medical user with a lease expiring October 31, 2026 and a strong likelihood of renewal, while remaining availability provides an opportunity to increase occupancy and drive NOI.
3949 Southern Avenue is a ±10,115 SF single-tenant medical property leased to Fresenius Medical Care on a NNN basis through August 31, 2029. The lease provides stable cash flow with built-in CPI-based increases (capped at 15%) and renewal options, offering long-term income security.
Location Description
This Property is located at the intersection of Ockley Drive and Southern Avenue right off of I-49. It is in close proximity to Mall St. Vincent and Louisiana State University Medical Center and is just a mile north of Pierremont Road.
This two-property portfolio at 3903-3919 and 3949 Southern Avenue offers a strategic blend of stable income and value-add upside in a high-traffic Shreveport corridor. Totaling ±19,915 square feet and offered at $2,800,000 (5.7% cap rate), the assets are positioned near I-49, Mall St. Vincent, and Ochsner LSU Health Shreveport.
3903-3919 Southern Avenue is a recently renovated ±9,800 SF multi-tenant office property with flexible suite configurations and leasing upside. The asset features strong visibility, modernized storefronts, and energy-efficient improvements. Current tenancy includes a medical user with a lease expiring October 31, 2026 and a strong likelihood of renewal, while remaining availability provides an opportunity to increase occupancy and drive NOI.
3949 Southern Avenue is a ±10,115 SF single-tenant medical property leased to Fresenius Medical Care on a NNN basis through August 31, 2029. The lease provides stable cash flow with built-in CPI-based increases (capped at 15%) and renewal options, offering long-term income security.
Location Description
This Property is located at the intersection of Ockley Drive and Southern Avenue right off of I-49. It is in close proximity to Mall St. Vincent and Louisiana State University Medical Center and is just a mile north of Pierremont Road.
Property Facts
| Price | $3,829,504 CAD | Number of Properties | 2 |
| Price / SF | $192.29 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.70% | Total Building Size | 19,915 SF |
| Sale Type | Investment | Total Land Area | 1.69 AC |
| Status | Active |
| Price | $3,829,504 CAD |
| Price / SF | $192.29 CAD / SF |
| Cap Rate | 5.70% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,915 SF |
| Total Land Area | 1.69 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3949 Southern Ave, Shreveport, LA 71106 | Office | 10,115 SF | 1999 | - |
|
Stephenson Building
3903-3919 Southern Ave, Shreveport, LA 71106 |
Retail | 9,800 SF | 1989 | - |
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3903-3919 and 3949 Southern Ave
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