PROFESSIONAL OFFICE BUILDING FOR SALE 3003 KNIGHT STREET

3003 KNIGHT STREETPROFESSIONAL OFFICE BUILDING FOR SALE

Exclusively Listed by Michele Sauls, Associate Broker318-222-2244 | [email protected]

SHREVEPORT, LA 71105

3003 KNIGHT STREET

VINTAGE REALTY COMPANY


Vintage Realty CompanyDisclaimer & Confidentiality Statement

This information contained within this sales package (“Information”) was prepared by Vintage Realty Company from data provided by the (“Owner”) and it contains selected information pertaining to a commercial portfolio (the “Property”). We do not purport it to be all-inclusive nor does it contain all the information a prospective purchaser may desire. An opportunity to inspect the Property will be made available to qualified prospective purchasers.

While Vintage Realty Company does not doubt its accuracy, the Information has not been verified and Vintage Realty Company makes no guarantee, warranty or representation about it. It is a prospective purchaser’s responsibility to independently confirm its accuracy and completeness. The value of this transaction to any prospective purchaser depends on tax, legal and other factors which should be evaluated by qualified tax, financial and legal advisors. Any prospective purchaser and advisors should conduct a careful, independent investigation of the Property to determine satisfaction as to the suitability of the Property.

Owner and Vintage Realty Company expressly reserve the right, at their sole discretion, to reject any or all expression of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Owner shall have no legal commitment or obligation to any purchaser reviewing this Information unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by Owner, and any conditions to Owner’s obligations have been satisfied or waived. Vintage Realty Company is not authorized to make any representations or agreements on behalf of Owner.

This Information is the property of, and may only be used by parties approved by Vintage Realty Company and Owner. The Property is privately offered and, by accepting this Information, the party in possession hereof agrees (i) to return it to Vintage Realty Company immediately upon request of Vintage Realty Company or Owner and (ii) that this Information is of a confidential nature and will be held and treated in the strictest confidence. No portion of this material may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Vintage Realty Company and Owner.

The terms and conditions set forth above apply to this Information in its entirety.

3003 KNIGHT STREET



Contact Information:

Michele SaulsAssociate Broker

Office: 318-222-2244Mobile: 318-458-9068Fax: 318-222-0880e-mail: [email protected]: www.vintagerealty.com

PROPERTY SALE PRICE: $1,685,000

3003 KNIGHT STREET



Property Facts & Information ............................ Page 5

Location Description ............................................ Page 8

Building Floor Plans .............................................. Page 12

Property Photographs ......................................... Page 14

Ownership Scenarios ........................................... Page 17

Demographics ........................................................ Page 19

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PROFESSIONAL OFFICE BUILDING

AVAILABLEFOR SALE OR

LEASE

3003 KNIGHT STREET

Exclusively Listed by:MICHELE SAULS

ASSOCIATE BROKERVINTAGE REALTY COMPANY


PROPERTY HIGHLIGHTS:

For more information, contact:

Michele Sauls | [email protected]

ALL INFORMATION CONTAINED HEREIN IS BELIEVED TO BE ACCURATE, BUT IS NOT WARRANTED AND NO LIABILITY OF ERRORS OR OMISSIONS IS ASSURED BY EITHER THE PROPERTY OWNER OR VINTAGE REALTY COMPANY OR ITS AGENTS AND EMPLOYEES. PRICES AS STATED HEREIN AND PRODUCT AVAILABILITY IS SUBJECT TO CHANGE AND/OR SALE OR LEASE WITHOUT PRIOR NOTICE, AND ALL SIZES AND DIMENSIONS ARE SUBJECT TO CORRECTION. REV 3/2017

PROPERTY INFORMATION:

z Floor to ceiling windows - great natural light

z One of the largest available floor plates offers maximum design flexibility

z Exterior Outdoor/Patio space available to some office suites

z Generous Parking Available

z Easy Access to North-South arteries Clyde Fant & Arthur Teague Parkways

z 24-Hour Access via key card

z Fiber-Ready - AT&T provider of fiber based lighting speed services

z Exterior Signage Available

z Building area: 41,392 total square feet

z Rentable area: 35,957 square feet

z Daily Traffic Count at Shreveport-Barksdale Highway 30,000+ cars per day

z Located at the Northeast corner of the intersection of Southpointe Parkway and Knight Street, 2 blocks south of Shreveport-Barksdale Highway

z Landscaped patio & garden areas

z Zoned B-3

3003 KNIGHT STREETSHREVEPORT, LA 71105

Knight Street

South Pointe Parkway

Subject Property

3003 KNIGHT STREET



Improvements & Site: z Building Area: 41,392 total square feet & 39,736 square feet office area

Current space available: 20,574 square feet

z Flexible Design - allowing both for larger contiguous space for larger tenants and smaller tenants with spaces starting at 600 square feet and largest contiguous space of approximately 19,800 square feet

z Two story

z Reinforced concrete slab

z Wood siding

z Commercial built-up roof

z HVAC - centrally located cooled roof top units - Johnson Control system, new 15 ton Trane Compressor 2017

z Security - Building access controlled by security system, 24/7 availability provided by card access

z Floor to ceiling windows allowing for natural light

z Elevator served

z Utilities all municipal

z Approximate age - 34 years old

z Building leased on a gross/full-service lease inclusive of utilities and janitorial

z AT&T Fiber Ready in 2016 - Being AT&T Fiber Ready means tenants of 3003 Knight Street have access to AT&T fiber-based high speed services. Having access to an advanced broadband communications infrastructure and capacity allows tenants to improve productivity and create a vibrant and competitive knowledge-based local workforce.

3003 KNIGHT STREET



Zoomed Aerials & New Developments in Area

Knight Street

South Pointe ParkwaySUBJECT

PROPERTY

New Veteran Apartment Community

Newly Built Shopping Center with anchor

Little Caesar’s

SUB MARKET DEVELOPMENTIn recent years, this sub market area in Shreveport has

been chosen by many users for high end development

due to its ideal location. Located close to the major

north/south artery of Clyde Fant Parkway, it affords

great access to all sections of Shreveport-Bossier. The

Shreveport Barksdale Bridge, one of the three bridges

that cross the Red River into Bossier City, flows directly

into the main gate of Barksdale Air Force Base which

recently welcomed a commanding 4-Star General.

Some of the most recent developments include an

80,000 SF building housing BHP Billiton, a new state-

of-the-art YMCA and science center plus numerous

retail and office users such as the Social Security

Administration and the IRS.

Subject Property

Shreveport Barksdale Hwy/Bridge

The Red River

3003 KNIGHT STREET



Neighborhood Aerial

Knight Street

Barksdale Air Force Base

- RiverScape Development

- Magnolia Charter Schools

- Coates Bluff Apts

Loyola Sports Fields

3 mi. to Downtown Shreveport

BHP Billiton, which built a state-of-the-art office along Preston Avenue, announced a $10.7 million donation to

YMCA in July of 2014 to build the Red River Fitness & Natural Sciences Campus. The new YMCA facility opened in

March of 2017. The 150 acre development includes a new multi-purpose fitness facility and a 50 meter swimming

pool that doesn’t exist within 50 miles. A 100 acre natural science education facilities will be developed soon. The

campus will also entail a partnership with Shreveport Little League to redesign and rebuild adjacent ball and soccer

fields. Access to this state of the art facility will provide business owners, employees and tenants a truly unique

amenity.

Brand New Shopping

Center!

Youree Drive

Clyde Fant Parkway

Century Tel Center

Champion Lake Apartments

RiverWalk, Island Park, Reflection

Class A Apartments

Arthur Teague Parkway

E. 70th Street/Jimmie Davis Bridge

$20 million YMCA Opened

March 2017

BAFB Main Entrance Gate

Barksdale Blvd

E. Kings Hwy

Shreveport Barksdale Hwy/Bridge

80,000 SF Office Building

Preston Avenue

New 4 Star General in Command July 2015

SUBJECT PROPERTY

The Red River

BOSSIER CITY

3003 KNIGHT STREET



SHREVEPORT-BOSSIER OVERVIEWShreveport/Bossier City is part of the area called the Ark-La-Tex, a U.S. socio-economic region where Arkansas, Louisiana, Texas, and Oklahoma intersect. Shreveport is the third largest city in the state of Louisiana. It is the seat of Caddo Parish and extends along the Red River into neighboring Bossier Parish. Bossier City is separated from Shreveport by the Red River. Shreveport is considered to be the commercial and cultural center of the Ark-La-Tex confluence. The economy was historically driven by oil. Today Shreveport has transformed its economy into one of the most diverse for its size.

The Shreveport—Bossier City MSA is home to Barksdale Air Force Base, Cyber Innovation Center, the CenturyLink Event Center, multiple colleges and universities, as well as several upscale riverboat casinos that bring over 2 million tourists to the area each year. North Louisiana’s 14 parishes of over 800,000 residents boast some of the most vibrant and diverse economies in the nation. Shreveport/Bossier City’s population in 2010 was 393,390 with a projected 2015 population of 402,932.

Northwest Louisiana supports a large and sophisticated healthcare sector, a competitive manufacturing base, a reenergized oil and gas sector (through the exploration of the Haynesville Shale), a sizeable and diverse service sector and supplier network, a transforming timber/paper industry, a hospitality/gaming industry, federal installations and much more.

Source: North Louisiana Economic Partnership.

Shreveport—Bossier MSA ranked #10 for Economic DevelopmentSite Selection, March 2012

Listed in the Top 19 Places Where It May Be Easier To Make Your MarkForbes.com, September 2014

Shreveport among Top 20 Fastest Growing Cities in U.S.NerdWallet.com, June 2013

Shreveport #1 In Places to Start BusinessWalletHub, May 2015

Shreveport ranks in Top 10 Nationally for Economic PotentialBusiness Facilities’ 9th Annual Rankings Report, August 2013

AREA RANKINGS

AlexandriaBaton Rouge

Shreveport

3003 KNIGHT STREET



The development of the Haynesville Shale natural gas deposits brings a huge economic impact to the region which is expected to continue for many years to come. Chesapeake Energy, a major owner of the area’s mineral rights, has invested over $1 billion in Northwest Louisiana, distributed nearly $300 million in royalty payments and has leased upwards of 700,000 acres. Schlumberger and BHP Billiton have both located state of the art facilities in Shreveport, substantially solidifying their operations in the region.

In July of 2014, BHP Billiton made a $10.7 million donation to the YMCA of Northwest Louisiana for the development of the YMCA Red River Fitness & Natural Sciences Campus located near Clyde Fant Parkway and East Preston Avenue. The Red River Fitness & Natural Sciences Campus will encompass approximately 150 acres, and will include a new 56,766 square foot multi-purpose fitness facility, 50 meter swimming pool (the only one within 150 miles of Shreveport), and natural science education facilities. The campus will also feature tournament style baseball and soccer complex.

The Cyber Innovation Center (CIC), located in Bossier City is further diversifying the region’s economic base by promoting research, education and technological innovation. The CIC anchors a 3,000 acre National Cyber Research Park and serves as catalyst for the development and expansion of a knowledge-based workforce throughout the region. In September of 2014, Computer Sciences Corporation (CSC) broke ground on a new 116,000 square foot next-generation technology center at the 3,000 acre National Cyber Research Park being developed by the Cyber Innovation Center. The CSC project will create 1600 new direct and indirect jobs over the next four years.

Barksdale Air Force Base (BAFB) is the headquarters of Global Strike Command, the newest branch of the Air Force responsible for all of the Air Force’s nuclear capable assets. In July of 2015, BAFB welcomed its first four-star general commander, General Robin Rand. As the Air Force’s first four-star general in the post, General Rand’s installation is proof of the Air Force’s commitment to Barksdale. The base has an estimated annual impact on the local economy of over $400 million. Barksdale adds strength and stability to the economy through its active duty personnel, their families and a large and growing retiree base.

3003 KNIGHT STREET



Building Floor Plans - 1st Floor Current Occupancy

D

First Floor Available Space:

Suite 118 – 1410 SFSuite 116 – 935 SFSuite 115 – 1,941 SFSuite 113 – 2,182 SF Suites 116 & 118 can be combined for a total of 2,345 square feet

Suites 113 & 115 can be combined for a total of 4,123 square feet

LEASED

3003 KNIGHT STREET



Building Floor Plans - 2nd Floor Current Occupancy

Second Floor Available Space:

- Suite 222: 741 SF - Suite 220: 13,365 SF

Exterior Stairwell 1


LEASED

LEASED

LEASED

3003 KNIGHT STREET



Property Photographs

3003 KNIGHT STREET



Possible Scenario I:

V I N T A G E R E A L T Y C O M P A N Y

D

V I N T A G E R E A L T Y C O M P A N Y

1st Floor:

First floor fully leased to provide rental income/revenue.

2nd Floor:

Second floor available for Buyer’s sole use and/or large tenant. Available contiguous square feet 19,816.



3003 KNIGHT STREET



Possible Scenario II:

1st Floor:

Only one tenant leased/occupying space;

6,648 square feet available for lease or occupancy

2nd Floor:

All contiguous available space on one floor totals 19,816 sq ft

Or, 26,284 sq ft total on 1st and 2nd floors available for lease or occupancy

D

V I N T A G E R E A L T Y C O M P A N YExterior Stairwell 1


DEMOGRAPHICS


Site Map3003 Knight St, Shreveport, Louisiana, 71105 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 32.48228

Longitude: -93.70559

January 12, 2016

©2015 Esri Page 1 of 1

1 mile

3 mile

5 mile

DEMOGRAPHICS


Executive Summary3003 Knight St, Shreveport, Louisiana, 71105 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 32.48228


1 mile 3 miles 5 milesPopulation

2000 Population 7,488 64,820 146,1592010 Population 8,117 67,883 145,5232016 Population 8,396 70,564 150,4332021 Population 8,599 72,613 153,8992000-2010 Annual Rate 0.81% 0.46% -0.04%2010-2016 Annual Rate 0.54% 0.62% 0.53%2016-2021 Annual Rate 0.48% 0.57% 0.46%2016 Male Population 48.8% 49.4% 48.1%2016 Female Population 51.2% 50.6% 51.9%2016 Median Age 32.6 34.6 34.9

In the identified area, the current year population is 150,433. In 2010, the Census count in the area was 145,523. The rate of change since 2010 was 0.53% annually. The five-year projection for the population in the area is 153,899 representing a change of 0.46% annually from 2016 to 2021. Currently, the population is 48.1% male and 51.9% female.

Median Age

The median age in this area is 32.6, compared to U.S. median age of 38.0.Race and Ethnicity

2016 White Alone 65.5% 65.2% 50.3%2016 Black Alone 23.1% 25.5% 41.8%2016 American Indian/Alaska Native Alone 0.5% 0.6% 0.5%2016 Asian Alone 4.3% 2.3% 2.1%2016 Pacific Islander Alone 0.1% 0.2% 0.1%2016 Other Race 3.4% 3.3% 2.6%2016 Two or More Races 3.1% 3.1% 2.6%2016 Hispanic Origin (Any Race) 7.9% 7.7% 6.0%

Persons of Hispanic origin represent 6.0% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 62.0 in the identified area, compared to 63.5 for the U.S. as a whole.

Households2000 Households 3,732 27,682 58,8232010 Households 4,055 29,254 60,4792016 Total Households 4,178 30,277 62,5212021 Total Households 4,274 31,154 64,0832000-2010 Annual Rate 0.83% 0.55% 0.28%2010-2016 Annual Rate 0.48% 0.55% 0.53%2016-2021 Annual Rate 0.46% 0.57% 0.49%2016 Average Household Size 2.01 2.25 2.33

The household count in this area has changed from 60,479 in 2010 to 62,521 in the current year, a change of 0.53% annually. The five-year projection of households is 64,083, a change of 0.49% annually from the current year total. Average household size is currently 2.33, compared to 2.34 in the year 2010. The number of families in the current year is 35,496 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

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DEMOGRAPHICS


Executive Summary3003 Knight St, Shreveport, Louisiana, 71105 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 32.48228


1 mile 3 miles 5 milesMedian Household Income

2016 Median Household Income $46,044 $44,773 $38,9852021 Median Household Income $51,220 $50,019 $42,0472016-2021 Annual Rate 2.15% 2.24% 1.52%

Average Household Income

2016 Average Household Income $60,664 $64,027 $58,3852021 Average Household Income $65,488 $69,229 $63,0842016-2021 Annual Rate 1.54% 1.57% 1.56%

Per Capita Income2016 Per Capita Income $29,758 $28,181 $25,0732021 Per Capita Income $32,044 $30,393 $27,0592016-2021 Annual Rate 1.49% 1.52% 1.54%

Households by IncomeCurrent median household income is $38,985 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $42,047 in five years, compared to $59,476 for all U.S. households

Current average household income is $58,385 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $63,084 in five years, compared to $84,021 for all U.S. households

Current per capita income is $25,073 in the area, compared to the U.S. per capita income of $29,472. The per capita income is projected to be $27,059 in five years, compared to $32,025 for all U.S. households Housing

2000 Total Housing Units 3,989 30,540 65,5262000 Owner Occupied Housing Units 1,724 15,983 32,3782000 Renter Occupied Housing Units 2,008 11,700 26,4452000 Vacant Housing Units 257 2,857 6,703




Currently, 41.2% of the 70,146 housing units in the area are owner occupied; 47.9%, renter occupied; and 10.9% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 66,746 housing units in the area - 47.0% owner occupied, 43.7% renter occupied, and 9.4% vacant. The annual rate of change in housing units since 2010 is 2.23%. Median home value in the area is $135,991, compared to a median home value of $198,891 for the U.S. In five years, median value is projected to change by 4.72% annually to $171,275.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

March 30, 2017


DEMOGRAPHICS


Business Summary3003 Knight St, Shreveport, Louisiana, 71105 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 32.48228

Longitude: -93.70559Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 384 3,669 9,542Total Employees: 4,807 49,636 142,621Total Residential Population: 8,396 70,564 150,433Employee/Residential Population Ratio: 0.57:1 0.7:1 0.95:1

Businesses Employees Businesses Employees Businesses Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 8 2.1% 100 2.1% 75 2.0% 542 1.1% 290 3.0% 1,978 1.4%Construction 8 2.1% 38 0.8% 182 5.0% 958 1.9% 606 6.4% 5,250 3.7%Manufacturing 7 1.8% 58 1.2% 52 1.4% 975 2.0% 205 2.1% 5,315 3.7%Transportation 9 2.3% 31 0.6% 62 1.7% 445 0.9% 185 1.9% 2,723 1.9%Communication 6 1.6% 18 0.4% 38 1.0% 872 1.8% 105 1.1% 1,732 1.2%Utility 0 0.0% 0 0.0% 4 0.1% 41 0.1% 26 0.3% 1,186 0.8%Wholesale Trade 11 2.9% 89 1.9% 74 2.0% 567 1.1% 322 3.4% 3,818 2.7%

Retail Trade Summary 88 22.9% 1,234 25.7% 852 23.2% 11,148 22.5% 1,999 20.9% 26,808 18.8%Home Improvement 0 0.0% 1 0.0% 29 0.8% 254 0.5% 85 0.9% 1,057 0.7%General Merchandise Stores 6 1.6% 445 9.3% 33 0.9% 1,568 3.2% 77 0.8% 3,212 2.3%Food Stores 8 2.1% 91 1.9% 77 2.1% 1,004 2.0% 171 1.8% 2,125 1.5%Auto Dealers, Gas Stations, Auto Aftermarket 5 1.3% 75 1.6% 71 1.9% 957 1.9% 242 2.5% 3,598 2.5%Apparel & Accessory Stores 7 1.8% 28 0.6% 91 2.5% 1,072 2.2% 186 1.9% 1,710 1.2%Furniture & Home Furnishings 11 2.9% 75 1.6% 69 1.9% 533 1.1% 143 1.5% 1,176 0.8%Eating & Drinking Places 31 8.1% 413 8.6% 230 6.3% 4,207 8.5% 551 5.8% 10,042 7.0%Miscellaneous Retail 19 4.9% 106 2.2% 251 6.8% 1,552 3.1% 543 5.7% 3,888 2.7%

Finance, Insurance, Real Estate Summary 64 16.7% 258 5.4% 570 15.5% 2,743 5.5% 1,351 14.2% 7,229 5.1%Banks, Savings & Lending Institutions 28 7.3% 77 1.6% 225 6.1% 701 1.4% 505 5.3% 1,932 1.4%Securities Brokers 4 1.0% 16 0.3% 47 1.3% 200 0.4% 145 1.5% 751 0.5%Insurance Carriers & Agents 9 2.3% 58 1.2% 114 3.1% 669 1.3% 261 2.7% 1,531 1.1%Real Estate, Holding, Other Investment Offices 24 6.2% 107 2.2% 184 5.0% 1,174 2.4% 440 4.6% 3,014 2.1%

Services Summary 153 39.8% 2,425 50.4% 1,577 43.0% 28,647 57.7% 3,904 40.9% 76,877 53.9%Hotels & Lodging 0 0.0% 0 0.0% 23 0.6% 684 1.4% 63 0.7% 2,228 1.6%Automotive Services 13 3.4% 73 1.5% 74 2.0% 492 1.0% 259 2.7% 1,423 1.0%Motion Pictures & Amusements 9 2.3% 45 0.9% 98 2.7% 7,029 14.2% 229 2.4% 10,098 7.1%Health Services 21 5.5% 742 15.4% 297 8.1% 10,047 20.2% 716 7.5% 36,605 25.7%Legal Services 10 2.6% 45 0.9% 82 2.2% 406 0.8% 228 2.4% 1,544 1.1%Education Institutions & Libraries 13 3.4% 641 13.3% 86 2.3% 2,911 5.9% 186 1.9% 6,553 4.6%Other Services 85 22.1% 879 18.3% 915 24.9% 7,078 14.3% 2,223 23.3% 18,427 12.9%

Government 18 4.7% 555 11.5% 108 2.9% 2,681 5.4% 350 3.7% 9,597 6.7%

Unclassified Establishments 10 2.6% 0 0.0% 75 2.0% 18 0.0% 200 2.1% 109 0.1%

Totals 384 100.0% 4,807 100.0% 3,669 100.0% 49,636 100.0% 9,542 100.0% 142,621 100.0%

Source: Copyright 2016 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2016.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.

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PROFESSIONAL OFFICE BUILDING FOR SALE 3003 KNIGHT STREET

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