st jude campus sales package

Sealy Real Estate Services, LLC

For Sale

St. Jude Campus 3800 Viking Drive

Bossier City, LA 71111

24 ± Acres | Partially Developed | 32,732 SF Under Roof

St. Jude Campus

TABLE OF CONTENTS

I. Overview A. Opportunity B. Availability B. Local & Regional Market C. Location D. Property Description E. Demographics

II. Location Maps

A. Local B. Regional III. Aerial Photographs IV. The Property

A. Boundary Survey & Site Plan B. Improvements C. Photographs

V. Zoning

VI. Demographics & Traffic Count

VII. Market Information

Listed By:

Beth F. King, SIORDirect: 318.698.1103 Mobile: [email protected]

Sealy Real Estate Services, LLC333 Texas Street, Suite 1050Shreveport, LA 71101Phone: 318.222.8700 Fax: 318.222.4124

www.sealynet.com

All information set forth in this brochure has been obtained from the Owner and its representatives, personal observation and/or sources, which are deemed reliable. Sealy Real Estate Services, LLC has no reason to doubt its accuracy, but does not guarantee it, nor are there any representations or warranties, expressed or implied, in this brochure. This information is the property of Sealy Real Estate Services, LLC and is for the use of prospective buyers. Reproduction of the material contained herein is strictly prohibited. Information contained herein is subject to change or withdrawal without notice.

1

Overview

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Opportunity

Sealy Real Estate Services, LLC is pleased to offer the opportunity to purchase a substantial commercial property that is partially developed and comprised of several buildings and structures situated on approximately 24 acres. The property is located on Viking Drive in Bossier City, Louisiana and this business corridor continues to be the preferred location for businesses expanding and locating in the Shreveport-Bossier City market.

Opportunity Drivers

• Existing buildings and structures can services a wide variety of commercial uses.

• Buildings and structures have been well maintained by a single user.

• Approximately two-thirds of the land is available for further development.

• Best location in the market. • Enthusiastic municipality support (i.e., zoning, road

improvements, drainage, infrastructure). • Bossier City is one of the fastest growing markets in the

south. The Bossier Parish population has seen an 18% increase in population in the last 10 years.

Availability

The St. Jude Campus is exclusively listed by Sealy Real Estate Services, LLC, with Beth F. King, SIOR, as the designated agent. Asking price for the entire tract and improvements is $2,600,000.00.

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Local & Regional Market

North Louisiana and the state are consistently climbing the national rankings for best business climate. In 2011, Louisiana jumped to its highest-ever business climate ranking by every leading publication that measures the economic progress of states. Over the past four years, no state has improved more than Louisiana. – North Louisiana Economic Development Partnership

Multiple modes of transportation include the Port, I-49, I20, major rail services and two airports. Our central location for truck distribution exceeds capabilities of many major markets. The Port offers advantages for importing and exporting and international trade.

The area is a leader in healthcare and is home to Barksdale Air Force Base, one of the preeminent air force bases in the country. Casino gaming continues to draw activity to Shreveport-Bossier and the movie industry’s draw to our market has brought additional jobs and job diversification, adding to what is already a very rich cultural history.

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Location in the Market

The St. Jude Campus is situated in fast-growing north Bossier and is just east of Airline Drive which is the major thoroughfare through Bossier City. Airline Drive connects the center of the city to South Bossier and Barksdale Air Force Base on the south and the fast growing town of Benton on the north. The Airline corridor is the home to the predominant shopping venues, restaurants and businesses. Intersecting Airline Drive is and I-20 which is the primary connector to the east and west and are direct routes to Dallas-Fort Worth and Jackson, Mississippi. Also intersecting Airline Drive is I-220 which connects to I-49, the major highway connecting north Louisiana to Little Rock to the north and New Orleans and Baton Rouge to the south.

The St. Jude Campus property’s location in the Viking Drive corridor offers immediate access to premium retail, restaurants, medical services, schools and well developed neighborhoods. Other major commercial concerns and investments will protect the area’s values for years to come.

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Property Description

The St. Jude Campus is an approximately 24 acre property on the south side of Viking Drive. The existing building and parking are situated on approximately 8.5 acres. The balance of land is available for further development.

Site

The site is rectangular in shape, measuring 990’ on the south side of Viking Drive and 1,100’ in depth. The site appears to be level and near street grade. It is designated in FEMA’s Flood Zone AE.

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Improvements

• Sanctuary 7,455 sf

• Rectory/Offices 3,565 sf

• Kitchen/Dining 2,333 sf

• Office Building 1,650 sf

• School Building 9,553 sf

• Garage at Rectory 613 sf

• Storage at Rectory 168 sf

• Club House 770 sf

• Rear Storage Building 750 sf

TOTAL 26,857 sf

• Porches/Covered Walkways 5,875 sf

TOTAL UNDER ROOF 32,732 sf

• Parking Approximately 2 acres of parking

The Sanctuary measures 7,455 square feet and seats approximately 400. It was built in 1979 and has a concrete slab foundation with a wood frame and a brick veneer exterior. In addition to the foyer and open area, there are two restrooms, multiple storage closets and several rooms currently used for a chapel, a confessional and toddler room. Interior finishes are a mix of painted drywall and wood paneling, wood and tile flooring.

The Rectory was also built in 1979 and measures 3,565 square feet. It has a concrete slab foundation with wood frame and wood/brick veneer. Within the rectory is a full size apartment, secondary bedroom/bathroom/restroom, reception area, 4 offices with restroom, large meeting area, and various storage closets. The interior finishes are a mix of sheetrock and wood paneling and sheetrock ceilings.

The Kitchen/Dining (Fellowship Hall) is 2,333 square feet and has a commercial grade kitchen and pantry and large dining area. The walls are painted sheetrock and the floors are a commercial grade vinyl tile.

The Office Building measures 1,650 square feet and has 4 individual offices, each with an exterior entry. These offices would work equally well as class rooms. There is also a restroom and janitor’s closet. The interior finishes are carpeting and painted sheetrock walls with suspended ceilings.

The School Building is the largest of the structures and measures 9,553 square feet. It is a metal structure on a concrete slab with metal sidewalls and a metal roof. Interior finishes are commercial grade vinyl tile, painted sheetrock walls and acoustical ceiling tiles. The building has a large assembly room that comfortably seats 200, 10 classrooms, a supply room, two restrooms and various storage closets.

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Demographics & Zoning

*Caddo and Bossier Parishes have a joint population of 371,948. With a population of 116,979 residents, Bossier Parish represents one of the fastest growing parishes in Louisiana. Unemployment in Bossier Parish stands at merely 5.3% (April 2012), much lower than the national unemployment rate of 7.7% (April 2012).

*Barksdale Air Force Base is the largest employer in northwest Louisiana and is located south of Bossier City. It employees more than 11,000 people and generates an annual economic impact of $753.8 million for the local community. In 2009, the Air Force’s newest command, Global Strike Command, was activated at Barksdale increasing the base’s importance as a military facility and economic engine.

*The median age in Bossier parish is 34.7 and the median age in Caddo is 36.4. 72% of Bossier’s population is white and 20.9% is African American. 49% of Caddo’s population is white and 47.2% is African American. Average household income in Bossier is $54,583. Average household income in Caddo is $49,550.

The property is currently zoned R-A and A-1. R-A (Residential Agricultural) zoning covers most of the improved portion of the property. A-1 (Airbase Buffer zone – North) zoning is designed to be compatible to air flight operations and activities that would not hamper flight operations.

* North Louisiana Economic Partnership

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Location Maps

9

Regional Map

10

Local Map

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Aerial Photographs

12

Aerial

13

24 ± Acres

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The Property

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Survey

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Survey Close-Up

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Exterior Photographs

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Exterior Photographs

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Worship Center

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Worship Center

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Assembly Building

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School Building

23

School Building

Club House

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Zoning

25

Demographics &

Traffic Counts

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Traffic Counts

LA. 3105 (Airline Dr.) @ Viking Dr. (074)

Date N/B S/B E/B W/B Total

09-Jun-2010 17423 16200 4260 4455 42338

LA. 3105 (Airline Dr.) @ Swan Lake Rd./Vanceville Rd. (802)


22-Jan-2009 6272 6299 380 1610 14561

LA. 3105 (Airline Dr.) @ I-220 (E/B) (084.1)


03-Jun-2010 19327 18796 7233 0 45356

Swan Lake Rd. @ Viking Dr. (996)


02-Oct-2009 5296 5335 2675 1753 15059

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Information obtained from North Louisiana Economic Partnership – www.nlep.com

Market Information

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http://www.nlep.com/


Louisiana Ranked Among Top 5 States For Best Business Climate In The U.S.

Business Facilities magazine: Louisiana rises to No. 5 in 2012 – its highest position ever – 7/20/2012

BATON ROUGE, La. — Today, Gov. Bobby Jindal hailed Louisiana's highest-ever business climate ranking – No. 5 by Business Facilities – as a fresh signal of Louisiana's emergence as one of America's top climates for business investment and job creation.

Louisiana rose from No. 7 in 2011 to No. 5 in the magazine's 2012 State Rankings Report, after the state had climbed into the Top 10 at No. 8 in 2010, when Business Facilities also named Louisiana its State of the Year.

Gov. Jindal said, "This ranking speaks volumes about our work to eliminate burdensome business taxes, rein in excessive spending, reform our ethics system, and overhaul our workforce development system. Indeed, the ranking demonstrates that our efforts are paying off, but more importantly, it shows that the business world is taking notice of Louisiana and more and more companies are moving here to create jobs and opportunity for our people. Today's announcement is great news, but we are not stopping here. We will not be satisfied until Louisiana is the best place in the world for businesses to invest and create jobs so that all of our sons and daughters can pursue their dreams right here at home."

Louisiana's No. 5 Business Facilities ranking continues a trend of rising business climate rankings. Before its upswing began in 2008, Louisiana typically languished in the lower tier of state business climate rankings. Today, Area Development ranks Louisiana No. 6 in the magazine's Top States for Doing Business report, while Site Selection magazine ranks Louisiana No. 7 among the best business climates in the U.S. Louisiana now stands at its highest-ever position in every major ranking of state business climates, including those published by Area Development, Business Facilities, CNBC, Forbes, Pollina Corporate Real Estate, Site Selection and Chief Executive.

In its 2012 Rankings Report, Business Facilities writes that Louisiana "has married an unmatched workforce training program with a bevy of new incentives that are spurring hot new growth sectors, including digital media."

Since 2008, Louisiana has secured economic development projects that are creating more than 51,500 new direct and indirect jobs, more than $12.6 billion in new capital investment and hundreds of millions in new sales for small businesses across the state. Diverse new investments from leading digital media/technology companies – including CenturyLink, GE Capital, Schumacher Group, Gameloft and EA – along with world-scale investments by such companies as Sasol Ltd., Cheniere Energy, Nucor and others have generated an unprecedented level of business investment interest in Louisiana.

Business Facilities has been a leading source of intelligence on corporate expansion and relocation projects since 1968. For more on the 2012 Rankings Report, visit www.businessfacilities.com.

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http://www.businessfacilities.com/


North Louisiana: No. 1 Lowest Cost of Doing Business in the Nation and in North America Forbes named North Louisiana the most cost competitive place to do business in the United States. Business Facilities magazine named North Louisiana No. 3 among Low Cost Manufacturing Centers. KPMG Competitive Alternatives recognized the region as the No.1 most cost competitive area in North America in 2008 and in 2010. These rankings all point to the fact that North Louisiana offers a competitive cost structure.

A COMBINATION OF FACTORS PROVIDE A LOW COST OF DOING BUSINESS IN LOUISIANA:

• The state effectively provides a zero corporate income tax environment for items produced in Louisiana and shipped out of state (single sales tax apportionment).

• As of July 2009, electricity, water, natural gas, machinery and equipment used by manufacturers are exempt from Louisiana sales tax.

• Louisiana has a low percentage of unionized workers (4.3 percent reported by U.S. Bureau of Labor Statistics, 2010), and the ratio of worker skill-to-pay favors businesses.

• Louisiana businesses have access to a competitive, comprehensive portfolio of state, local and federal incentives that can make a profound impact on a company’s bottom line.

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Tax Structure: Cost of Doing Business

State Corporate Income Tax

4% on the first $25,000 of net income

5% on the next $25,000

6% on the next $50,000

7% on the next $100,000

8% on the excess of $200,000

Louisiana uses single sales factor

State Corporate Franchise Tax**

$1.50 per $1,000 or major fraction thereof up to $300,000

$3.00 per $1,000 or major fraction thereof in excess of $300,000

Unemployment Insurance Tax

Standard rate range is .10% - 6.2%

Rate for new employers is the average rate for the particular industry

Maximum unemployment weekly benefit is $258 for 26 weeks

Sales Taxes

4% sales tax with a local sale tax component, which combined ranges from 7%-10%

Check out local sale tax rates

As of July 2009, electricity, water, natural gas, machinery and equipment used by manufacturers are exempt from Louisiana sales tax

State Property Taxes (Mills*)

15% of assessed valuation

Up to 2% of taxable value

Industrial property and equipment can receive a ten year full abatement, depending on circumstances

Parishes Property Taxes

Ranges from 58.63 to 186.59 Mills*

Check out local rates

* To calculate property tax, multiply the assessed value of the property by the appropriate millage rate. The assessed value is the fair market value of the property times 10% for real property or 15% for personal property. **Assessed on the value of all real and personal property in the state, or the amount

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of issued and outstanding capital stock, surplus, undivided profits and borrowed capital.

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Labor Costs

As a right-to-work state, Louisiana offers affordable labor costs with high productivity and retention rates. The following table shows salaries for various occupations in North Louisiana.

AVERAGE SALARIES BY OCCUPATION FOR REGION

AVERAGE SALARY BY SELECTED OCCUPATION--FOURTEEN PARISH REGION 2010

Occupation Entry Level Salary

Mean Average Salary

Median Salary

Average Maximum

Salary Professional Accountants and Auditors $40,880 $53,760 $50,535 $64,435 Administrative Services Managers $45,730 $61,010 $57,400 $76,505 Budget Analysts $38,845 $51,460 $46,895 $63,770 Computer Programmers $39,605 $53,110 $52,590 $64,680 Electrical Engineers $69,890 $84,085 $80,095 $98,575 Financial Analysts $49,255 $74,540 $65,010 $91,980 Gaming Supervisors $17,500 $21,000 $21,555 $24,815 Pharmacists $89,990 $101,070 $102,600 $116,930 Registered Nurses $47,595 $59,680 $56,490 $66,760 Retail Retail Salespersons $15,800 $23,160 $19,480 $25,700 Stock Clerks and Order Fillers $16,030 $20,190 $18,565 $22,820 Clerical Computer Operators $28,200 $29,610 $34,370 $41,240 Customer Service Representatives $20,950 $26,380 $24,765 $29,925 Data Entry Keyers $19,565 $25,250 $22,340 $28,775 Executive Secretaries & Administrative Assistants $27,770 $34,305 $32,550 $39,160

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File Clerks $16,885 $21,095 $19,365 $24,220 Office Clerks, General $15,515 $20,315 $18,360 $23,790 Payroll and Timekeeping Clerks $26,470 $33,485 $32,370 $40,880 Receptionists and Information Clerks $16,025 $20,420 $19,520 $23,535 Switchboard Operators $16,250 $20,155 $19,460 $22,795 Unskilled Construction Laborers $19,700 $25,895 $23,965 $30,350 Couriers and Messengers $15,975 $18,560 $17,580 $20,450 Packers and Packagers, Hand $14,855 $19,920 $15,990 $22,720 Service Station Attendants $15,060 $17,455 $16,650 $19,390 Semi-Skilled Cashiers $14,665 $16,580 $15,745 $18,010 Security Guards $16,000 $22,035 $19,460 $25,405 Sheet Metal Workers $29,775 $35,595 $36,795 $42,325 Skilled Architectural and Civil Drafters $34,365 $42,675 $40,830 $50,855 Crane and Tower Operators $25,210 $39,595 $35,180 $49,890 Machinery Maintenance Workers $11,955 $16,085 $15,680 $19,430 Machinists $30,115 $37,775 $38,135 $45,290 Welders, Cutters, Solderers, and Brazers $29,145 $37,805 $34,325 $41,935 Technical Automotive Service Technicians and Mechanics $21,875 $33,855 $31,705 $42,350 Medical and Clinical Laboratory Technicians $23,455 $32,175 $30,025 $39,050 Pharmacy Technicians $22,685 $26,685 $25,855 $30,455 Source: U.S. Bureau of Labor Statistics-Occupational Employment Statistics May 2010

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North Louisiana’s Multimodal Transportation Infrastructure Allows Access to the World

Connected nationally and globally by a multimodal transportation infrastructure, companies looking for transportation and logistical advantages will find real savings and accessibility in North Louisiana. North Louisiana’s central location, system of interstates and federal highways, Class 1 rail, airports and four ports make the region a leader in logistics.

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Intermodal & Multimodal Logistics INTERSTATES AND FEDERAL HIGHWAYS

North Louisiana's North-South and East-West interstates and highways connect your business to the rest of the world- all at a lower cost than many regions. Many area trucking companies offer competitive costs to ship your products to more than 30 million customers in some of America's largest markets.

NORTH LOUISIANA'S PORTS

The Louisiana port system is comprised of both deep water and shallow water ports, forming one of the largest port systems in the world. North Louisiana's four ports can access to deep water within 4-6 days and offer intermodal capabilities:

• Port of Shreveport-Bossier

• Natchitoches Port

• Red River Port

• Ouachita Terminals

RAILROADS

Class 1 Railroads and numerous short track railways can access many area ports and industrial sites to offer intermodal capabilities. All six of the major railroads converge in Louisiana.

AIRPORTS

Regional and reliever airports offer service to major U.S. cities and hubs with connections worldwide. North Louisiana's two regional airports and numerous reliever airports provide passenger and air freight service.

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http://www.nlep.org/north-louisiana-advantages-transportation-ports.aspx

http://www.portsb.com/

http://www.natchitochesparishport.com/

http://www.redriverwaterway.com/


North Louisiana's Business Climate Climbs the National Rankings North Louisiana and the state are consistently climbing the national rankings for best business climate. In 2011, Louisiana jumped to its highest-ever business climate ranking by every leading publication that measures the economic progress of states. Over the past four years, no state has improved more than Louisiana.

BEST NATIONAL BUSINESS CLIMATE RANKINGS:

• Site Selection magazine ranks Louisiana No. 7 in the U.S. (November 2011)

• Business Facilities has ranked Louisiana No. 2 in the U.S. (August 2011)

• Area Development magazine ranked Louisiana No. 6 nationally. (September 2011)

• Forbes ranked Louisiana No. 30, jumping 14 places from a year ago. (November 2011)

• Pollina Corporate Real Estate Inc. ranked Louisiana No. 18, up 22 spots since 2008 (August 2011)

• Chief Executive magazine ranked Louisiana No. 27th, moving up 14 places from 2010. (May 2011)

North Louisiana: Lowest Cost of Business

Our region offers the lowest cost of doing business in the nation and in North America, as ranked by Forbes magazine (2011) and KPMG Competitive Alternatives (2010). North Louisiana's cost competitive tax structure, utility rates, transportation and labor costs offer businesses a sustainable solution for competing nationally and globally.

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A Business-Friendly Tax Environment

Louisiana encourages business development by eliminating several taxes and creating a more business-friendly tax structure.

• In 2008, Louisiana ranked No. 6 for states with the lowest tax burden (Anderson Economic Group's State Business Tax Burden State Rankings)

• Louisiana also ranked No. 6 on business taxes to state profits

• Louisiana ranked No. 2 on business taxes to private GSP

• Taxes consumed only 12.2 percent of Louisiana business profits, compared to the national average of 16.7 percent

TAXES ELIMINATED:

• Sales tax on manufacturing machinery and equipment

• Sales tax on natural gas and business utilities

• Capital gains tax on the sale of privately held businesses

• Phase out of the franchise tax on corporate debt by 2011

• Minimum corporate franchise tax

Louisiana also deducts federal income tax from state corporate income tax. These pro-growth policies have strengthened Louisiana’s tax environment, making it a more competitive place to invest and develop a business. The state has also recently implemented the largest personal income tax cut in state history, putting more money back into the pockets of Louisiana’s taxpayers.

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State, Regional & Local Incentives Reduce Tax Liability

Businesses in Louisiana have access to a competitive, comprehensive portfolio of state, federal and local incentives that can make a profound impact on a company’s bottom line. Incentives, such as Enterprise Zone, Quality Jobs, Research & Development Tax Credit, Industrial Tax Exemption and Louisiana FastStart™ are available to help companies compete and succeed.

NLEP can provide advocacy and assistance with applying with statutory incentive programs. We can also assist companies with requesting for discretionary state, regional or local incentives. Please contact our business development team for more information. (Qualifying for many of the incentive programs depends on job creation and capital investment.)

Good Deals for Manufacturers

Louisiana uses single-factor sales apportionment to calculate manufacturers’ corporate income taxes. This provides a significant cost advantage, because manufacturers are not taxed on earnings generated by sales to out-of-state entities. This is not the case in the majority of other states. As of July 1, 2009, electricity, water, natural gas, machinery and equipment used by manufacturers are exempt from Louisiana sales tax.

Inventory Tax Advantage

In Louisiana, when a business files its state income and franchise tax, it can simply claim the amount it paid to local authorities for inventory taxes as a refundable credit. If the inventory taxes paid to the local authorities exceed the company’s state income and franchise tax liabilities, the company gets the balance as a refund.

Combined with the state’s strong logistics and infrastructure, comprehensive workforce development network, innovative industry developments, and low cost of doing business, North Louisiana is the place for business investment.

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Real Estate Strategies Delivered

Sealy Real Estate Services

333 Texas StreetSuite 1050

Shreveport, LA 71101318.222.8700

www.sealynet.com

st jude campus sales package

Documents

market information

shreveportbossier city

major rail services

best location

property description

central location

preferred location

location maps