SHREVEPORT SELECT PORTFOLIO · 2020. 2. 12. · PORTFOLIO OVERVIEW Sealy & Company is pleased to...

O F F E R I N G M E M O R A N D U M

5 PROJECTS | | 14 BUILDINGS || 990,260 SF TOTAL

A CBRE NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY

SHREVEPORT SELECT PORTFOLIORETAIL, OFFICE, & INDUSTRIAL PROPERITES

SHREVEPORT, LA, BOSSIER CITY, LA & MARSHALL, TX

EXCLUSIVE REPRESENTATION CBRE, Inc. is exclusively representing the Seller in this transaction.

OFFER REQUIREMENTS Ownership has not established an asking price, but is a market-oriented Seller with expectations that are consistent with the quality of the asset and the unique nature of the opportunity.

All offers should include:» Purchase price and approval process» Timing for inspection period and closing date» Amount of earnest money, including the amount that is non-refundable» Source of funds for the acquisition» Financial strength of purchaser» Summary of closed transactions and references

Seller, with its sole and absolute discretion, reserves the right to remove the Property from the market. Seller expressly reserves the right, in its sole and absolute discretion, to reject any and all proposals or expressions of interest in the Property, to terminate discussions with any party at any time or to extend the deadlines set forth in the time schedule.

CO-BROKER COMMISSION Any Purchaser which is represented by a broker is responsible to compensate the broker.

COMMUNICATION All communications, inquiries and requests should be addressed to the CBRE and Sealy Team’s listed to the left, as representatives of the Seller.

OFFERING PROCESS

Investment Contacts

INVESTMENT CO-ADVISORS

RANDY BAIRDExecutive Vice PresidentT +1 214 979 6383 [email protected]

JONATHAN BRYANSenior Vice President T +1 214 979 6304 [email protected]

RYAN THORNTONSenior Vice President T+1 214 979 [email protected]

ELIZA BACHHUBERAssociateT +1 214 979 [email protected]

CBRE, Inc. 2100 McKinney Avenue, Suite 700Dallas, TX 75201Licensed Real Estate Broker

SEALY TEAM

MARK P. SEALYPresidentT +318 698 [email protected] Licensed LA Real Estate Broker

SCOTT SEALY, JR.Chief Investment OfficerT +214 692 [email protected]

JASON GANDYJason GandyManaging Director of Investor ServicesT +214 239 [email protected]

LOCAL MARKET ADVISORS

STEPHEN MOREHARTDirector - Asset ManagerT +318 698 [email protected]

© 2020 CBRE, Inc. All Rights Reserved.

DEBT & STRUCTURED FINANCE ADVISOR

SCOTT LEWISSenior Vice PresidentT + 1 214 979 [email protected]

Executive Summary

C B R E | N A T I O N A L PA RT N E R SS H R E V E P O RT S E L E C T P O RT F O L I O 5

PORTFOLIO OVERVIEWSealy & Company is pleased to present the Shreveport Select Portfolio, located throughout the Shreveport, Louisiana MSA. The portfolio is comprised of five projects totaling 990,260 square feet (SF). The buildings are dispersed in high quality business parks and retail corridors in several of the area’s top locations.The portfolio is 58% leased to 47 tenants with a weighted average lease term in excess of 3.9 years. While second generation assets, all of the buildings have been institutionally owned and maintained over time with significant capital recently invested into the roofs, parking lots, and redevelopment. The Shreveport Select Portfolio offers investors the opportunity to execute an “Evergreen Income” strategy that will provide steadily growing cash flow from a diversified sample of quality assets. The Portfolio’s physical specifications position it to compete favorably as many of them are the top tier options when compared to other properties in the market.

EXECUTIVE SUMMARY

TENANTSPORTFOLIO HIGHLIGHTS• Higher yielding properties with good cash flow

• Properties are generally newer construction with sub-stantial upside via market rent growth, contractual rent increases and the leasing of existing vacancies

• Portfolio offers diversification by property type, tenant mix, and geographic location within the market

• Strong historical occupancy


ASHLEY RIDGE POINTE

ASHLEY RIDGE OFFICES

NORTH PARK

RIVER CREST

SLACK INDUSTRIAL PARK

PORTFOLIO SUMMARYSquare

FeetProperty

TypeNumber ofBuildings

Current Occupancy

Ashley Ridge Offices 425-427 Ashley Ridge Blvd, Shreveport, LA 84,845 SF Office 3 100%

Ashley Ridge Pointe 8835 Line Ave, Shreveport, LA 17,396 SF Office 1 100%

North Park 1806 East End Blvd, Marshall, TX 18,800 SF Retail 1 81%

River Crest4970 Barksdale Blvd, Bossier City, LA 22,140 SF Retail 1 100%

Slack Industrial Park 847,079 SF Industrial 8 52%

TOTAL 990,260 SF 14 58.18%

86%INDUSTRIAL

RETAIL

OFFICE 10%

4%86+10+4

SHREVEPORT SELECT PORTFOLIO C B R E | N A T I O N A L PA RT N E R S65

Affiliated Business Disclosure

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality Agreement

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

Disclaimer

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the informa-tion which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without represen-tation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, com-petition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discus-sions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

NORTHEAST

Michael HinesBrian FiumaraBrad RuppelLauren Dawicki

SOUTHEAST

Chris RileyFrank FallonTrey BarryJennifer Klingler

SOUTH CENTRAL

Randy BairdJonathan BryanRyan ThorntonEliza BachhuberColleen Fazio

NORTH CENTRAL

Mike CaprileRyan BainZach GrahamVictoria Gomez

WEST

Darla LongoBarbara PerrierRebecca PerlmutterBrett HartzellEric CoxGina Christen

DEBT & STRUCTURED FINANCE

Val AchtemeierScott Lewis Steve RothSteve Kundert

GLOBAL INDUSTRIAL& LOGISTICSJack FrakerHeather McClain

OFFERING INTEGRATED REAL ESTATE CAPITAL MARKETS SOLUTIONS FROM STRATEGY TO EXECUTION – DELIVERED BY A SEAMLESS NATIONAL PARTNERSHIP

INVESTMENT CO-ADVISORS

RANDY BAIRDExecutive Vice PresidentT +1 214 979 6383 [email protected]

JONATHAN BRYANSenior Vice President T +1 214 979 6304 [email protected]

RYAN THORNTONSenior Vice President T+1 214 979 [email protected]

ELIZA BACHHUBERAssociateT +1 214 979 [email protected]

SEALY TEAM

MARK P. SEALYPresidentT +318 698 [email protected] Licensed LA Real Estate Broker

SCOTT SEALY, JR.Chief Investment OfficerT +214 692 [email protected]

JASON GANDYJason GandyManaging Director of Investor ServicesT +214 239 [email protected]

LOCAL MARKET ADVISORS

STEPHEN MOREHARTDirector - Asset ManagerT +318 698 [email protected]

S H R E V E P O RTS E L E C T P O RT F O L I O


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