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.

11

Overview

2

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.

3

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.

4

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.

5

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.

6

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.

7

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

8

Location Maps

9

Regional Map

10

Local Map

11

Aerial Photographs

12

Aerial

13

24 ± Acres

14

The Property

15

Survey

16

Survey Close-Up

17

Exterior Photographs

18

Exterior Photographs

19

Worship Center

20

Worship Center

21

Assembly Building

22

School Building

23

School Building

Club House

24

Zoning

25

Red River

FlagLake

Swan LakeRange Blvd

Viking Dr

Shed Rd

Davis

Barksdale Blvd

Dogwood

E Texas St

Arthur Ray Teague Pky

Bobbi

Modica Lott

Swan Lake Rd

Stockwell Rd

Bodcau

Station

Modica

Benton Rd

Bayou Dr

Old Minden Rd

Hamilton Rd

Bodcau Spur

Hazel Jones Rd

Mayflower

Curtiss

Fox StRay Ave

Traffic St

Anita St

Industrial DrHoliday Pl

Tall Timber

Melrose Ave

Tilman Dr

Brownlee Rd

Jimmie Davis Hwy

Waller Ave

Crosscreek Dr

Foulois

Greenacres Blvd

Hollyhock Ln

Hollow Bluff

Old Shed Rd

Beckett St

Northside Dr

e-Linton

Mark Ave

Cove St

Gen. Ewell Dr

McDade St

Beverly St

Walker Pl

Garden St

Montgomery

Douglas DrBoone St

Smith

Bellevue Re

CaplisS

Shreveport Bellevue

E Texas St

Barksdale Blvd

Kansas City Southern RR

Union Pacific RR



Bossier Parish

Bossier Parish

Caddo Parish

Caddo Parish

ShreveportBarksdale Air Force Base

.-, 220.-, 220

.-, 220

.-, 20

(/ 79

"! 612

"! 612

Zoning CodesA-1A-2B-1B-2B-3B-4I-1I-2N-A

R-1R-2R-3R-4R-AR-MHPRDDRT-3

W I L B U R S M I T H A S S O C I A T E S

Bossier Comprehensive Land Use and Developm

ent Master Plan

Figure 5.6Bossier City Zoning

h:\planning\366890 - bossier comprehensive plan\gis\b_land use.apr (L5.6:Bossier City Zoning:8.5P)

26 APR 02 8:11

Bossier City-Parish MPC*Bossier City Corporate LimitsBarksdale Air Force Base

*Actual boundary not shown; boundary has been generalized for planning purposes

L E G E N D

N

0.50

0.51

Miles

26

Demographics &

Traffic Counts

27

Percent14.1%12.7%14.6%22.9%20.0%9.8%4.9%1.0%0.0%

Num

berPercent

548.2%

467.0%

507.6%

487.0%

578.8%

9815.9%

8011.8%

8211.5%

569.4%

397.7%

243.8%

91.4%

Num

berPercent

32448.6%

24336.7%

50.8%

111.7%

10.2%

429.1%

193.0%

7615.7%

Dem

ographic and Income Profile

St. Jude C

ampus

Prepared by Sealy R

eal Estate Services, LLC

3800 Viking D

r, Bossier C

ity, LA 71111, U

nited States, 38...

Latitude: 32.5515785Ring: 1 m

ile radiusLongitude: -93.6950684

Su

mm

ary2

01

02

01

12

01

6Population

644638

661H

ouseholds195

195207

Families

125125

131Average H

ousehold Size

3.233.20

3.13O

wner O

ccupied Housing U

nits93

9097

Renter O

ccupied Housing U

nits102

105110

Median A

ge31.4

31.432.0

Trend

s: 20

11

- 20

16

An

nu

al Rate

Area

State

Natio

nal

Population0.71%

0.87%0.67%

Households

1.20%0.97%

0.71%Fam

ilies0.94%

0.71%0.57%

Ow

ner HH

s1.51%

1.06%0.91%

Median H

ousehold Income

2.29%3.45%

2.75%2

01

1

20

16

H

ou

seho

lds b

y Inco

me

Num

berPercent

Num

ber<

$15,00029

14.9%29

$15,000 - $24,99932

16.5%26

$25,000 - $34,99936

18.6%30

$35,000 - $49,99944

22.7%47

$50,000 - $74,99929

14.9%41

$75,000 - $99,99915

7.7%20

$100,000 - $149,9998

4.1%10

$150,000 - $199,9991

0.5%2

$200,000+0

0.0%0

Median H

ousehold Income

$35,000$39,192

Average Household Incom

e$42,564

$47,229Per C

apita Income

$16,130$17,986

20

10

2

01

1

20

16

P

op

ulatio

n b

y Ag

ePercent

Num

berPercent

Num

ber0 - 4

8.4%52

8.2%54

5 - 97.2%

457.1%

4610 - 14

7.8%49

7.7%50

15 - 197.5%

477.4%

4620 - 24

8.9%58

9.1%58

25 - 3415.2%

9915.5%

10535 - 44

12.4%78

12.2%78

45 - 5412.8%

8012.6%

7655 - 64

8.7%56

8.8%62

65 - 746.1%

406.3%

5175 - 84

3.7%24

3.8%25

85+1.4%

91.4%

92

01

0

20

11

2

01

6

Race an

d Eth

nicity

PercentN

umber

PercentN

umber

White Alone

50.2%320

50.1%321

Black Alone

37.7%240

37.6%242

American Indian Alone

0.8%5

0.8%5

Asian Alone

1.7%11

1.7%11

Pacific Islander Alone0.2%

10.2%

1Som

e Other R

ace Alone6.5%

436.7%

60Tw

o or More R

aces2.9%

193.0%

20H

ispanic Origin (Any R

ace)11.8%

8012.5%

104

Data N

ote: Income is expressed in current dollars.

Sou

rce: U.S

. Census B

ureau, Census 2010 D

ata. Esri forecasts for 2011 and 2016.

July 24, 2012

©2012 Esri

Page 1 of 6

28

Dem


St. Jude C

ampus

Prepared by Sealy R


3800 Viking D

r, Bossier C

ity, LA 71111, U

nited States, 38...



2011 Percent Hispanic O

rigin: 12.5%

Sou

rce: U.S

. Census B



July 24, 2012

©2012 Esri

Page 2 of 6

Area

StateU

SA

Trends 2011-2016

PopulationH

ouseholdsFam

iliesO

wner H

Hs

Median H

H Incom

e

Annual Rate (in percent)

3

2.52

1.51

0.50

20112016

Population by Age

0-45-9

10-1415-19

20-2425-34

35-4445-54

55-6465-74

75-8485+

Percent 14121086420

2011 Household Incom

e

<$15K

14.9%

$15K - $24K16.5%

$25K - $34K18.6%

$35K - $49K22.7%

$50K - $74K14.9%

$75K - $99K7.7%

$100K - $149K4.1%

$150K - $199K0.5%

2011 Population by Race

White

BlackAm

. Ind.Asian

PacificO

therTw

o+

Percent 50454035302520151050

29

Percent16.9%10.6%9.6%

14.1%19.6%13.3%10.2%3.4%2.3%

Num

berPercent

5,8617.9%

5,4607.4%

4,9596.7%

5,0176.2%

6,3258.0%

11,97316.4%

9,37912.0%

9,84311.8%

7,53910.7%

4,4537.4%

2,8913.9%

1,1541.6%

Num

berPercent

43,44657.8%

25,49632.7%

3490.5%

1,3291.9%

1060.2%

2,3834.3%

1,7442.6%

5,3689.4%

Dem


St. Jude C

ampus

Prepared by Sealy R


3800 Viking D

r, Bossier C

ity, LA 71111, U

nited States, 38...



Su

mm

ary2

01

02

01

12

01

6Population

74,85375,769

81,050H

ouseholds29,797

30,06732,216

Families

18,16918,482

19,758Average H

ousehold Size

2.412.42

2.42O

wner O

ccupied Housing U

nits15,012

14,88116,267

Renter O

ccupied Housing U

nits14,785

15,18715,949

Median A

ge33.0

33.033.3

Trend

s: 20

11

- 20

16

An

nu

al Rate

Area

State

Natio

nal

Population1.36%

0.87%0.67%

Households

1.39%0.97%

0.71%Fam

ilies1.34%

0.71%0.57%

Ow

ner HH

s1.80%

1.06%0.91%

Median H

ousehold Income

3.87%3.45%

2.75%2

01

1

20

16

H

ou

seho

lds b

y Inco

me

Num

berPercent

Num

ber<

$15,0005,347

17.8%5,457

$15,000 - $24,9994,168

13.9%3,423

$25,000 - $34,9993,673

12.2%3,093

$35,000 - $49,9994,571

15.2%4,543

$50,000 - $74,9995,044

16.8%6,311

$75,000 - $99,9993,073

10.2%4,289

$100,000 - $149,9992,731

9.1%3,271

$150,000 - $199,999857

2.9%1,092

$200,000+604

2.0%736

Median H

ousehold Income

$39,891$48,230


e$56,043

$63,322Per C

apita Income

$23,475$26,373

20

10

2

01

1

20

16

P

op

ulatio

n b

y Ag

ePercent

Num

berPercent

Num

ber0 - 4

7.8%5,880

7.8%6,422

5 - 97.3%

5,5427.3%

5,96710 - 14

6.6%5,020

6.6%5,425

15 - 196.7%

5,0346.6%

5,00820 - 24

8.5%6,404

8.5%6,492

25 - 3416.0%

12,18816.1%

13,27235 - 44

12.5%9,446

12.5%9,747

45 - 5413.2%

9,85613.0%

9,59655 - 64

10.1%7,691

10.2%8,689

65 - 745.9%

4,6186.1%

5,95775 - 84

3.9%2,923

3.9%3,177

85+1.5%

1,1641.5%

1,2982

01

0

20

11

2

01

6

Race an

d Eth

nicity

PercentN

umber

PercentN

umber

White Alone

58.0%44,129

58.2%46,883

Black Alone

34.1%25,562

33.7%26,514


0.5%350

0.5%384

Asian Alone

1.8%1,341

1.8%1,526


1070.1%

129Som

e Other R

ace Alone3.2%

2,5033.3%

3,525Tw

o or More R

aces2.3%

1,7772.3%

2,090H


ace)7.2%

5,6517.5%

7,652

Data N


Sou

rce: U.S

. Census B



July 24, 2012

©2012 Esri

Page 3 of 6

30

Dem


St. Jude C

ampus

Prepared by Sealy R


3800 Viking D

r, Bossier C

ity, LA 71111, U

nited States, 38...




rigin: 7.5%

Sou

rce: U.S

. Census B



July 24, 2012

©2012 Esri

Page 4 of 6

Area

StateU

SA

Trends 2011-2016

PopulationH

ouseholdsFam

iliesO

wner H

Hs

Median H

H Incom

e


3.53

2.52

1.51

0.50

20112016

Population by Age

0-45-9

10-1415-19

20-2425-34

35-4445-54

55-6465-74

75-8485+

Percent 1614121086420


e

<$15K

17.8%

$15K - $24K13.9%

$25K - $34K12.2%

$35K - $49K15.2%

$50K - $74K16.8%

$75K - $99K10.2%

$100K - $149K9.1%

$150K - $199K2.9%

$200K+2.0%


White

BlackAm

. Ind.Asian

PacificO

therTw

o+

Percent 5550454035302520151050

31

Percent16.9%10.6%9.3%

14.1%19.9%12.3%10.3%3.7%2.9%

Num

berPercent

18,0447.4%

17,1047.0%

16,1446.7%

16,9266.5%

19,0687.6%

36,09315.2%

28,46711.2%

32,29312.1%

27,18012.0%

15,8828.1%

10,5674.4%

4,2251.8%

Num

berPercent

123,74351.1%

105,37842.6%

1,0310.4%

3,4501.6%

2050.1%

3,8672.2%

4,3192.0%

9,8575.4%

Dem


St. Jude C

ampus

Prepared by Sealy R


3800 Viking D

r, Bossier C

ity, LA 71111, U

nited States, 38...



Su

mm

ary2

01

02

01

12

01

6Population

241,993243,172

251,003H

ouseholds96,390

96,834100,591

Families

60,70461,194

62,958Average H

ousehold Size

2.452.45

2.43O

wner O

ccupied Housing U

nits55,320

54,43457,295

Renter O

ccupied Housing U

nits41,070

42,40043,295

Median A

ge34.3

34.334.8

Trend

s: 20

11

- 20

16

An

nu

al Rate

Area

State

Natio

nal

Population0.64%

0.87%0.67%

Households

0.76%0.97%

0.71%Fam

ilies0.57%

0.71%0.57%

Ow

ner HH

s1.03%

1.06%0.91%

Median H

ousehold Income

3.68%3.45%

2.75%2

01

1

20

16

H

ou

seho

lds b

y Inco

me

Num

berPercent

Num

ber<

$15,00017,137

17.7%17,025

$15,000 - $24,99913,307

13.7%10,680

$25,000 - $34,99911,426

11.8%9,356

$35,000 - $49,99914,280

14.7%14,136

$50,000 - $74,99915,921

16.4%20,029

$75,000 - $99,99910,144

10.5%12,388

$100,000 - $149,9998,995

9.3%10,336

$150,000 - $199,9992,930

3.0%3,716

$200,000+2,693

2.8%2,924

Median H

ousehold Income

$40,679$48,734


e$58,606

$65,544Per C

apita Income

$24,204$27,137

20

10

2

01

1

20

16

P

op

ulatio

n b

y Ag

ePercent

Num

berPercent

Num

ber0 - 4

7.5%17,878

7.4%18,603

5 - 97.1%

17,1337.0%

17,56110 - 14

6.7%16,202

6.7%16,760

15 - 197.0%

16,9057.0%

16,22920 - 24

7.9%19,212

7.9%18,957

25 - 3414.9%

36,40215.0%

38,10835 - 44

11.8%28,457

11.7%28,228

45 - 5413.3%

32,18013.2%

30,27855 - 64

11.2%27,609

11.4%30,167

65 - 746.6%

16,3376.7%

20,35375 - 84

4.4%10,620

4.4%11,151

85+1.7%

4,2381.7%

4,6082

01

0

20

11

2

01

6

Race an

d Eth

nicity

PercentN

umber

PercentN

umber

White Alone

51.1%124,705

51.3%128,187

Black Alone

43.5%105,353

43.3%106,937


0.4%1,033

0.4%1,106

Asian Alone

1.4%3,462

1.4%3,912


2060.1%

242Som

e Other R

ace Alone1.6%

4,0471.7%

5,597Tw

o or More R

aces1.8%

4,3671.8%

5,022H


ace)4.1%

10,3094.2%

13,621

Data N


Sou

rce: U.S

. Census B



July 24, 2012

©2012 Esri

Page 5 of 6

32

Dem


St. Jude C

ampus

Prepared by Sealy R


3800 Viking D

r, Bossier C

ity, LA 71111, U

nited States, 38...




rigin: 4.2%

Sou

rce: U.S

. Census B



July 24, 2012

©2012 Esri

Page 6 of 6

Area

StateU

SA

Trends 2011-2016

PopulationH

ouseholdsFam

iliesO

wner H

Hs

Median H

H Incom

e


3.53

2.52

1.51

0.50

20112016

Population by Age

0-45-9

10-1415-19

20-2425-34

35-4445-54

55-6465-74

75-8485+

Percent 1514131211109876543210


e

<$15K

17.7%

$15K - $24K13.7%

$25K - $34K11.8%

$35K - $49K14.7%

$50K - $74K16.4%

$75K - $99K10.5%

$100K - $149K9.3%

$150K - $199K3.0%

$200K+2.8%


White

BlackAm

. Ind.Asian

PacificO

therTw

o+

Percent 50454035302520151050

33

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

35


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

38


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

File Clerks $16,885 $21,095 $19,365 $24,220

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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.

42

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

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