Southwest Corporate Center 9300 Mansfield Road, Shreveport, La 71118

PROFESSIONAL OFFICE BUILDING FOR SALE SOUTHWEST CORPORATE CENTER 9300 MANSFIELD ROAD, SHREVEPORT, LA 71118

Exclusively Listed by Michele Sauls, Associate Broker 318-222-2244 | [email protected] SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Vintage Realty Company Disclaimer & 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.

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 2 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Contact Information:

Michele Sauls Associate Broker

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

PROPERTY SALE PRICE: $ 3,050,000

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 3 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

I Executive Summary...... Page 6

II Property Information & Location Description...... Page 7

III Building Floor Plans...... Page 11

IV Property Photographs...... Page 14

V Demographics...... Page 17

VI Revenue & Expenses...... Page 18

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 10/2020

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 4 PROFESSIONAL OFFICE BUILDING AVAILABLE FOR SALE

Exclusively Listed by: MICHELE SAULS ASSOCIATE BROKER VINTAGE REALTY COMPANY

PAGE 5 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

EXECUTIVE SUMMARY:

z Sale Price: $3,050,000 z Lot Size: 2.43± acres z Rentable Area: 33,940 SF

z Gross Area: 35,000 SF

z No. of Stories: Three (3)

z Year Built: 1984

z Property Zoning: C-2

z Flood Zone: X - Minimal Flood Hazard

PROPERTY OVERVIEW:

z Well Maintained, Professional Office Building - Full service, gross leases/base year stop.

z Healthy 92% Occupancy, with Various Size Suites Available to Accomodate Local and Regional Tenant Mix - Upside Potential

z Property Benefits from Tenant Mix that Includes More Than 60% “Essential Businesses”

z Site Well-Positioned with High Visibility Building, Proximity to 3rd Busiest Intersection In Market

z Located on Highway 171/Mansfield Road - Major Artery for South bedroom communities Stonewall, Keithville, Frierson, and more.

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 6 PROPERTY INFORMATION & LOCATION DESCRIPTION

z 2.438 Acres or 106,169 square feet z Three-story professional office building z 35,000 Square Feet Gross Building Area z 33,940 Rentable Square Feet z Highly visible and prominent location in Southwest Shreveport z Great access to both Mansfield Road and Bert Kouns Industrial Loop z Generous parking and security system in building z Elevator Served z Daily Traffic Count: 54,914 Cars Per Day z Zoned C-2 z The site is slightly irregularly shaped with a 25 foot easement existing along the north side of Lot 2 providing additional access to the rear of the site and directly to Bert Kouns. The site fronts U.S. Highway 171 (Mansfield Road) and is an excellent site having visibility from both directions along Mansfield Road and adequate ingress-egress from this major traffic artery.

SUBJECT PROPERTY

Mansfield Rd.

For more information, contact: Michele Sauls, Associate Broker 318.222.2244 | [email protected] PAGE 7 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Neighborhood Aerial

Walker Rd Walker 3rd Busiest Intersection Mansfield Road MAJOR HOSPITAL

Bert Kouns Industrial Loop Road Kingston SUBJECT Caddo Apartments PROPERTY Library Ridgewood Apartments Middle School

Apartments

ZOOM VIEW OF SUBJECT PROPERTY Gamble Senior Living

Mansfield Rd.

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 8 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Active Intersection

Ingress & egress available - access from Bert Kouns Bert Kouns Industrial Loop

 54,914 Cars Per Day

SUBJECT PROPERTY

Mansfield Road

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 9 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Shreveport/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. 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.

Shreveport North Louisiana’s 14 parishes of over 815,000 residents boast some of the most vibrant and diverse economies Alexandria in the nation. The population within a 20 mile radius of Baton Rouge Shreveport Bossier in 2010 was 365,719 with a projected 2022 population of 395,235. Source: US Census Bureau and ESRI forecasts.

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 more.

SHREVEPORT-BOSSIER CITY MAJOR EMPLOYERS (1,000+ EMPLOYEES) AREA RANKINGS Barksdale Air Force Base 14,500 North Louisiana Ranks as #1 Lowest Cost of Doing Business Caddo Parish Public Schools 9,416 Study by nlep.com, 2017 Willis-Knighton Medical Center 7,082 Bossier Parish School Board 3,000 Shreveport-Bossier MSA ranks No. 2 as an Emerging Cybersecurity Hub LSU Health Shreveport 2,762 Business Facilities, 2017 University Health 2,673 City of Shreveport 2,569 Shreveport-Bossier MSA ranks No. 4 for Economic Growth Potential Horseshoe Bossier City 2,532 Business Facilities, 2017 State of Louisiana Civil Service 2,380 Shreveport-Bossier MSA ranks No. 10 for Lowest Cost of Living Wal-Mart Stores, Inc. 2,001 Christus Schumpert Health 1,980 Business Facilities, 2017 US Dept. of Veterans Affairs 1,682 Shreveport ranks #1 Place to Start A Business Teleperformance, Inc. 1,623 WalletHub, 2016 Sam’s Town Casino 1,265 Eldorado Resort Casino 1,214 Shreveport ranks Number 4 Nationally for Economic Potential Diamond Jacks Casino 1,200 nlep.com, 2017 Margaritaville Resort Casino 1,052 Source: North Louisiana Economic Partnership nlep.org MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 10 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Building Floor Plans - 1st Floor Current Occupancy

LEASED

Stairs

Elevator lobby

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 11 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Building Floor Plans - 2nd Floor Current Occupancy

Restrooms

LEASED

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 12 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Building Floor Plans - 3rd Floor Current Occupancy

Stairs

Elevator lobby

LEASED

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 13 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Property Photographs

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 14 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Property Photographs

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 15 SOUTHWEST CORPORATE CENTER 9300 MANSFIELD RD., SHREVEPORT, LA 71105

Property Photographs

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 16 Site Details Map

9300 Mansfield Rd, Shreveport, Louisiana, 71118 2 Site Details Map 9300 Mansfield Rd, DEMOGRAPHICSShreveport, Louisiana, 71118 Latitude: 32.40025 Rings: 1, 3, 5 mile radii Longitude: -93.80624

Executive Summary

9300 Mansfield Rd, Shreveport, Louisiana, 71118 2 Prepared by Esri 9300 Mansfield Rd, Shreveport, Louisiana, 71118 Latitude: 32.40025 Rings: 1, 3, 5 mile radii Longitude: -93.80624 1 mile 3 miles 5 miles Population Executive Summary 2000 Population 9,316 36,714 89,196 2010 Population 9300 Mansfield Rd, Shreveport, Louisiana, 711189,417 2 37,494 Prepared88,307 by Esri 2019 Population 9300 Mansfield Rd, Shreveport, Louisiana, 711189,006 36,853 Latitude: 32.4002585,743 Executive Summary1 mile 2024 Population Rings: 1, 3, 5 mile radii 8,680 35,811 Longitude: -93.8062483,108 2000-2010 Annual Rate 9300 Mansfield Rd, Shreveport, Louisiana, 711180.11% 2 0.21% Prepared-0.10% by Esri 1 mile 3 miles 5 miles 2010-2019 Annual Rate 9300 Mansfield Rd, Shreveport, Louisiana, 71118-0.48% -0.19% Latitude: 32.40025-0.32% Population 2019-2024 Annual Rate Rings: 1, 3, 5 mile radii -0.73% -0.57% Longitude: -93.80624-0.62% 2000 Population 9,316 36,714 89,196 2019 Male Population 45.3% 46.2% 46.3% 2010 Population 3 mile 9,4171 mile 37,4943 miles 588,307 miles 2019 Female Population 54.7% 53.8% 53.7% Population2019 Population 9,006 36,853 85,743 2019 Median Age 36.8 37.1 36.3 20002024 Population 8,6809,316 35,81136,714 83,10889,196 In 2000-20102010the identified Population Annual area, Rate the current year population is 85,743. In 2010, the Census0.11% 9,417count in the area was 88,307.37,4940.21% The rate of change since-0.10%88,307 5 mile 20102010-20192019 wa Pos -0.32%pulation Annual annual Rately. The five-year projection for the population in the area-0.48% 9,006is 83,108 representing a -0.19%36,853change of -0.62% annually-0.32%85,743 from 2019 to 2024. Currently, the population is 46.3% male and 53.7% female. 2019-20242024 Population Annual Rate -0.73%8,680 -0.57%35,811 -0.62%83,108 Median20192000-2010 MaleAge PoAnnualpulation Rate 45.3%0.11% 46.2%0.21% -0.10%46.3% -0.48% -0.19% -0.32% The20192010-2019 median Female age Annual Po inpulation this Rate area is 36.8, compared to U.S. median age of 38.5. 54.7% 53.8% 53.7% -0.73% -0.57% -0.62% Race20192019-2024 and Median Ethnicity Annual Age Rate 36.8 37.1 36.3 2019 Male Population 45.3% 46.2% 46.3% 2019 White Alone 48.4% 45.4% 31.7% In 2019the identified Female Poarea,pulation the current year population is 85,743. In 2010, the Census54.7% count in the area was 88,307.53.8% The rate of change since53.7% 20102019 wa Blacks -0.32% Alone annually. The five-year projection for the population in the area45.3% is 83,108 representing a change49.3% of -0.62% annually 64.1%from 2019 Median Age 36.8 37.1 36.3 20192019 to American2024. Currentl Indian/Alaskay, the population Native Alone is 46.3% male and 53.7% female. 0.6% 0.5% 0.4% InMedian 2019the identified AsianAge Alone area, the current year population is 85,743. In 2010, the Census count2.4% in the area was 88,307.1.5% The rate of change since1.0% 20102019 wa Pacs -0.32%ific Islander annual Alonely. The five-year projection for the population in the area 0.0%is 83,108 representing a change0.0% of -0.62% annually from0.0% 2019The median to 2024. age Currentl in this y,area the ispopulation 36.8, compared is 46.3% to U.S.male medianand 53.7% age offemale. 38.5. 2019 Other Race 1.2% 1.3% 1.0% Race and Ethnicity Median2019 TwAgeo or More Races 2.1% 1.9% 1.7% 2019 White Alone 48.4% 45.4% 31.7% 2019 Hispanic Origin (Any Race) 3.3% 3.2% 2.5% The2019 median BlackThis age siteAlone in isthis located area isin: 36.8, compared to U.S. median age of 38.5. 45.3% 49.3% 64.1% City: Shreveport PeRacersons2019 and Americanof EthnicityHispanic Indian/Alaska origin represent Native 2.5% Alone of the population in the identified area compared0.6% to 18.6% of the U.S.0.5% population. Persons of0.4% ExeCounty:cutiveCaddo Parish Summary Hispanic2019 White Origin Alone may be of any race. The Diversity Index, which measures the probability48.4% that two people from45.4% the same area will be from31.7% 2019 Asian Alone State: Louisiana 2.4% 1.5% 1.0% different2019 Black race/ethnic Alone groups, is9300 51.3 Mansfieldin the identified Rd, Shreveport, area, compared Louisiana, to 64.8 71118 for the45.3% 2 U.S. as a whole. 49.3% Prepared64.1% by Esri 2019 Pacific Islander Alone 9300ZIP C odMansfielde: 71118 Rd, Shreveport, Louisiana, 711180.0% 2 0.0% Prepared 0.0%by Esri 2019 American Indian/Alaska9300 Native Mansfield Alone Rd, Shreveport, Louisiana, 711180.6% 0.5% Latitude: 32.400250.4% Households2019 Other Race Census9300 Tract: Mansfield22017024106 Rd, Shreveport, Louisiana, 711181.2% 1.3% Latitude: 32.400251.0% 2019 WeTwAsianoalth or Alone MoreIndex RacesCensus BlockExeRings: Group:cutive 1, 3,220170241063 5 mi leSummary radii 2.1%2.4%44 1.9%1.5%51 Longitude: -93.806241.7%1.0%50 2019 Pacific Islander Alone 0.0% 0.0% 0.0% 20002019 HouseholdsHispanic Origin (Any Race)CBSA: Shreveport-Bossier City, LA Metropolitan Statistical3,9313.3%1 mile Area 14,25833.2% miles 533,529 miles2.5% Population20102019 HouseholdsOther Race 9300 Mansfield Rd, Shreveport, Louisiana, 711183,8011.2% 2 14,7781.3% Prepared34,343 1.0%by Esri PopulationPersons of Hispanic origin represent 2.5% of the population in the identified area compared to 18.6% of the U.S. population. Persons of 2019 Two or More Races 2.1% 1.9% June 17, 2020 1.7% Hispanic20002019 PoTo Origintalpulation Households may be of any 9300race. TheMansfield Diversi Rd,ty Index, Shreveport, which m Louisiana,easures the 71118 probability9,3163,593 that two people from36,71414,479 the same areaLatitude: will be from 32.4002589,19633,336 2019 Hispanic Origin (Any Race) 3.3% 3.2% 2.5% different20102024 PoTo ratalpulationce/ethnic Households groups, isRings: 51.3 in 1, the 3, identified5 mile ra area,dii compared to 64.8 for the9,4173,452 U.S. as a whole. 37,49414,054 Longitude: -93.8062488,30732,305 ©2020 Esri Page 1 of 1 HouseholdsPersons20192000-2010 Poof pulationHispanic Annual origin Rate represent 2.5% of the population in the identified area-0.34% compared9,0061 mile to 18.6% of the36,853 0.36%3U.S. miles population. Persons 5of85,7430.24% miles Hispanic20242010-2019 Po Originpulation Annual may be Rate of any race. The Diversity Index, which measures the probability-0.61%8,680 that two people from-0.22%35,811 the same area will be from-0.32%83,108 Mortgage20192024 WePopulation althIncome Index 44 51 50 different2000-20102019-2024 race/ethnic Annual groups,Rate is 51.3 in the identified area, compared to 64.8 for -0.80%the0.11% U.S. as a whole. -0.59%0.21% -0.10%-0.63% 201920002000-2010 PeHouseholdsrcent Annual of Income Rate for Mortgage 19.1%3,931 14,25817.2% 33,52919.1% Households2010-20192019 Avera Annualge Household Rate Size -0.48%2.42 -0.19%2.50 -0.32%2.54 Median20102010-2019 HouseholdsHousehold Annual IncomeRate 3,801 14,778 34,343 20192019-2024 Wealth Annual Index Rate -0.73%44 -0.57%51 -0.62%50 The2019 household MedianTotal Households countHousehold in this Income area has changed from 34,343 in 2010 to 33,336 in$36,595 the3,593 current year, a change$40,628 14,479of -0.32% annually. The five$33,75933,336- 2019 Male Population 45.3% 46.2% 46.3% year20242000 projection MedianHouseholdsTotal Households ofHousehold households Income is 32,305, a change of -0.63% annually from the $40,004curren3,9313,452t year totalg. Avera e$44,075 14,25814,054household size is currently$36,49633,52932,305 2.54, 2019 Female Population 54.7% 53.8% 53.7% compared2019-202420102000-2010 Households to 2.54 Annual in theRate ye ar 2010. The number of families in the current year is-0.34% 1.80%21,7803,801 in the specified area.14,7781.64%0.36% 34,3431.57%0.24% 2019 Median Age 36.8 37.1 36.3 Average20192010-2019 To Householdtal HouseholdsAnnual RateIncome -0.61%3,593 -0.22%14,479 -0.32%33,336 In 202420192019-2024the identified ToAvetalra HouseholdsgeAnnual area,Household Rate the current Income year population is 85,743. In 2010, the Census$52,410-0.80% 3,452count in the area was 88,307.$55,277-0.59%14,054 The rate of change since$51,337-0.63%32,305 20102000-201020242019 wa Ave sAve -0.32%rara geAnnualge Household Household annual RateBusinessly. Income TheSize five-yea Srummary projection for the population in the area$59,536-0.34% is2.42 83,108 representing a$62,368 change0.36%2.50 of -0.62% annually$57,613 0.24%from2.54 20192010-2019 to 2024. Annual Currentl Ratey, the population is 46.3% male and 53.7% female. -0.61% -0.22% -0.32% 2019-2024 Annual Rate9300 Mansfield Rd, Shreveport, Louisiana, 71118 2 2.58% 2.44% 2.33% Prepared by Esri The household count in this area has changed from 34,343 in 2010 to 33,336 in the current year, a change of -0.32% annually. The five- PerMedian2019-2024 Capita Age Income Annual Rate9300 Mansfield Rd, Shreveport, Louisiana, 71118 -0.80% -0.59% -0.63%Latitude: 32.40025 year projection of households is 32,305, a change of -0.63% annually from the current year total. Average household size is currently 2.54, 2019 Average Household Size 2.42 2.50 2.54 comparedThe2019 median Pe rto Capitaage 2.54 iinn inIncomethis the area Rings:year is 2010. 1,336.8,6.8, 3, 5 The comparedmile numberradii to of U.S. families median in tagehe current of 38.5. year $21,209is 21,780 in the specified area.$21,926 $20,006Longitude: -93.80624 Data for allRace businesses2024 and Pe rEthnicity Capitain area Income 1 mile $24,004 3 miles $24,710 $22,4475 miles Total Businesses:TheRace household and Ethnicity count in this area has changed from 34,343485 in 2010 to 33,336 in the current year,1,259 a change of -0.32% annually. The five3,367- Total Emplyeoyear2019-20242019es: projection White AnnualAlone of households Rate is 32,305, a change of -0.63%5,195 annually from the curren2.51%48.4%t year total.11,757 Average 2.42%45.4%household size is currently36,308 2.33%31.7%2.54, Total ResidentialHouseholdscompared2019 Population: Black to 2.54 byAlone Income in the year 2010. The number of families9,006 in the current year is 45.3%21,780 in the specified36,853 area.49.3% 85,74364.1% Employee/Residential Population Ratio (per 100 Residents) 58 32 42 2019 American Indian/Alaska Native Alone 0.6% 0.5% 0.4% Current2019 Americanmedian household Indian/Alaska income Native is $33,759 Alone inBusinesses the area, comparedEmployees to $60,548 for0.6% allBusinesses U.S. households. EmployeesMedian0.5% household incomeBusinesses is 0.4% Employees by SIC Codesprojected2019 Asian to be Alone $36,496 in five years, comparedNumber to $69,180 Percent for Numberall U.S. households Percent2.4% Number Percent Number1.5% Percent Number Percent1.0% Number Percent Agriculture & Mining 3 0.6% 7 0.1% 34 2.7% 245 2.1% 85 2.5% 814 2.2% Data No2019te: Income Pacifi isc expressedIslander Alonein current dollars. Housing Affordability Index and Percent of Income0.0% for Mortgage calculations are0.0% only available for areas with 500.0% Construction 23 4.7% 144 2.8% 90 7.1% 662 5.6% 241 7.2% 2,816 7.8% or moreCurrent owner-occupied average housinghousehold units. income is $51,337 in this area, compared to $87,398 for all U.S. households. Average household income is Manufacturing2019 Other Race 5 1.0% 55 1.1% 1.2% 30 2.4% 5011.3% 4.3% 96 2.9%1.0% 2,424 6.7% Source:projected U.S. Census to be Bureau, $57,613 Census in five2010 years, Summary compared File 1. Esri to forecasts$99,638 for fo r2019 all U. andS. 2024.households Esri converted Census 2000 data into 2010 geography. Transportation2019 Two or More Races 12 2.5% 41 0.8% 2.1% 44 3.5% 2181.9% 1.9% 116 3.4%1.7% 1,055 2.9% 3 0.6% 12 0.2% 11 0.9% 59 0.5% 29 0.9% 232 0.6% CommunicationCurrent2019 Hispanicper capita Origin income (A nyis $20,006Race) in the area, compared to the U.S. per capita 3.3%income of $33,028. The per3.2% capita income is projectedJune 17,2.5% 2020to 2019 Hispanic Origin (Any Race) 1 0.2% 5 0.1% 3.3% 3 0.2% 203.2% 0.2% 8 0.2%2.5% 68 0.2% Utility be $22,447 in five years, compared to $36,530 for all U.S. households Wholesale Trade MICHELE SAULS7 1.4% | VINTAGE REALTY71 1.4% COMPANY33 | PAGE 2.6% 17 337 2.9% 121 3.6% 1,711 4.7% Pe rsons of Hispanic origin represent 2.5% of the population in the identified area compared to 18.6% of the U.S. population. Persons of ©2020Hispanic Esri Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be fromPage 1 of 2 Retail TradeHousingHispanic Summary Origin may be of any race. The Diversity128 Index, 26.4% which measures 2,175 the 41.9% probability267 that 21.2%two people 3,625from the 30.8% same area 694will be 20.6% from 8,008 22.1% different race/ethnic groups, is 51.3 in the identified area, compared to 64.8 for the U.S. asas a whole. HoDameta ImpNor2019teove: Incomement Housing is expressed Affordabili in ctyurrent Index dollars. Housing Affordability4 0.8% Index and216 Percent 4.2%of Income130 for Mortgage17 1.4% calculations306 are 144only 2.6% available for areas36 with 1.1% 50132 693 1.9% General Merchandise Stores 11 2.3% 461 8.9% 19 1.5% 611 5.2% 43 1.3% 987 2.7% or moreHHouseholds ouseholdsowner-occupied2000 Total Housing housing Units units. 4,117 15,004 36,523 FoSource:od Stores U.S. Census Bureau, Census 2010 Summary File 1. Esri15 forecasts 3.1% for 2019 and241 2024. 4.6% Esri converted28 Census 2.2% 2000 data into433 2010 3.7% geography. 66 2.0% 949 2.6% Auto Dealers,2019 2000Gas WeStations, Owneralth IndexAut Occupiedo Aftermarke Housingt Units 12 2.5% 113 2.2% 2,18544 44 3.5% 2929,59751 2.5% 130 3.9%21,10850 797 2.2% 5 1.0% 28 0.5% 11 0.9% 49 0.4% 41 1.2% 145 0.4% ApparelData No & A2000teccessory:2000 Income Households SRetores isnter expressed Occupied in c urrentHousing dollars. Units Housing Affordability Index and Percent of Income1,7463,931 for Mortgage calculations are14,2584,661 only available for areasJune with 12,42017,33,529 50 2020 Furnitureor more &owner-occupied Home Furnishings housing units. 7 1.4% 36 0.7% 16 1.3% 254 2.2% 42 1.2% 545 1.5% EatingSource: & Dr 2010U.S.inking2000 Census HouseholdsPlaces Vacant Bureau, Housing Census Units 2010 Summary File 1. Esri41 forecasts 8.5% for 2019 and761 2024. 14.6% Esri converted3,801186 69 Census 5.5% 2000 data 1,185 into14,778 2010746 10.1% geography. 186 5.5%34,3432,995 2,823 7.8% Miscellaneous©2020 E20102019sri Retail Totaltal HousingHouseholds Units 32 6.6% 318 6.1% 3,9903,5933,593 61 4.8% 49515,60514,479 4.2% 152 4.5%Page37,49933,336 1 of 2 1,068 2.9% June 17, 2020 20242010 To talOwner Households Occupied Housing Units 2,1413,452 14,0549,573 20,07332,305 Finance, Insurance, Real Estate Summary 74 15.3% 372 7.2% 152 12.1% 676 5.7% 355 10.5% 1,867 5.1% Banks, Sav2000-2010ings2010 & Lending Renter AnnualInstitutions Occupied Rate Housing Units 23 4.7% 141 2.7% -0.34%1,660 40 3.2% 2240.36%5,205 1.9% 77 2.3%14,2700.24% 421 1.2% Securi©2020ties EB2010-2019sriro2010kers Vacant Annual Housing Rate Units 7 1.4% 20 0.4% -0.61%189 12 1.0% -0.22%37827 0.3% 39 1.2%Page-0.32%3,156 1 of 2 144 0.4% Insurance Carriers & Agents 20 4.1% 109 2.1% 37 2.9% 160 1.4% 83 2.5% 426 1.2% 20192019-2024 Total HousingAnnual RateUnits -0.80%3,821 15,484-0.59% 36,848-0.63% Real Estate,2019-2024 Holding, Other Annual Investme Ratent Offices 24 4.9% 103 2.0% -0.80% 62 4.9% 256-0.59% 2.2% 156 4.6%-0.63% 877 2.4% 20192019 Ave Ownerrage HouseholdOccupied Housing Size Units 1,8392.42 8,5912.50 17,4512.54 Services Summa2019ry Renter Occupied Housing Units 200 41.2% 2,277 43.8% 1,754511 40.6% 5,3045,888 45.1% 1,388 41.2%15,885 16,925 46.6% Hotels &The Lodging household count in this area has changed from0 34,343 0.0% in 2010 to0 33,336 0.0% in the current0 year, 0.0% a change of4 -0.32% 0.0% annually.31 The 0.9%five- 630 1.7% The household2019 Vacant count Housing in this Units area has changed from 34,343 in 2010 to 33,336 in the228 current year, a change of1,005 -0.32% annually. The five3,512- Automoyetivear S ervicesprojection of households is 32,305, a change 7of -0.63% 1.4% annually36 from0.7% the current ye34ar total. 2.7% Average153 household 1.3% size is 117currently 3.5% 2.54, 1,770 4.9% 2024 Total Housing Units 3,829 15,537 36,971 Motion Pcomparedictures & Amu tose me2.54nts in the year 2010. The number of11 families 2.3% in the current43 year 0.8% is 21,78029 in the 2.3% specified area.127 1.1% 79 2.3% 451 1.2% Health Services2024 Owner Occupied Housing Units 68 14.0% 1,386 26.7% 1,800102 8.1% 2,3998,535 20.4% 215 6.4%17,301 5,394 14.9% Legal Services 2 0.4% 8 0.2% 3 0.2% 14 0.1% 11 0.3% 52 0.1% 2024 Renter Occupied Housing Units 1,652 5,519 15,004 Education Instituti ons & Libraries 13 2.7% 412 7.9% 34 2.7% 976 8.3% 75 2.2% 2,832 7.8% Other Services2024 Vacant Housing Units 101 20.8% 391 7.5% 377308 24.5% 1,6301,483 13.9% 858 25.5%4,666 5,797 16.0%

GovernmeCurrentlnt y, 47.4% of the 36,848 housing units in the5 area 1.0% are owner o34ccupied; 0.7% 43.1%, renter8 occupied; 0.6% and85 9.5% 0.7%are vacant. 21Currently, 0.6% in 310 0.9% the U.S., 56.4% of the housing units in the area are owner occupied; 32.4% are renter occupied; and 11.2% are vacant. In 2010, there Unclassifiedwere Establishments 37,499 housing units in the area - 53.5% owner26 occupied, 5.4% 38.1%2 renter 0.0% occupied,76 and 8.4% 6.0% vacant. 25 The annual 0.2% rate of213 change 6.3% in 78 0.2% housing units since 2010 is -0.78%. Median home value in the area is $131,590, compared to a median home value of $234,154 for the Totals 485 100.0% 5,195 100.0% 1,259 100.0% 11,757 100.0% 3,367 100.0% 36,308 100.0% U.S. In five years, median value is projected to change by 2.38% annually to $148,031. Source: Copyright 2019 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2019. 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. June 17, 2020

Data NNoo Incomete: Income is expressed is expressed i in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occuowner-occupiedpied housing units. SoSource:urce: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.

June 17, 2020 Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or©2020 more Eowsri ner-occupied housing units. Page 1 of 2 Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.

June 17, 2020

REVENUE & EXPENSES ACTUALRevenue && ExpensesPROJECTIONS9300 Mansfield Road, Shreveport, LA 71105 ACTUALS & PROJECTIONS

Revenue Actual 2017 Actual 2018 Actual 2019 Projections 2020 Base Rental Income* $ 312,126 $ 407,203 $ 411,148 $ 436,000 CAM Reinbursement $ 24,544 $ 16,100 $ 41,394 $ 24,000 Total Rental Income $ 336,670 $ 423,303 $ 452,542 $ 460,000

Operating Expenses Administrative Expenses / Mgmt Fee $ 20,932 $ 26,768 $ 25,743 $ 25,658 Insurance $ 9,682 $ 12,103 $ 12,358 $ 14,320 Janitorial $ 18,235 $ 23,410 $ 21,325 $ 19,050 Repairs & Maintenance $ 40,726 $ 54,946 $ 45,392 $ 53,534 Taxes $ 19,040 $ 38,971 $ 38,800 $ 38,800 Utilities $ 82,038 $ 89,305 $ 102,292 $ 88,633 Total Operating Expenses $ 190,653 $ 245,503 $ 245,910 $ 239,995

Net Return (NOI) $ 146,017 $ 177,800 $ 206,632 $ 220,005

Base Rental Income Per Sq. Ft. Leased $14.66

MICHELE SAULS | VINTAGE REALTY COMPANY | PAGE 18 SOUTHWEST CORPORATE CENTER

PROFESSIONAL OFFICE BUILDING FOR SALE

9300 MANSFIELD ROAD, SHREVEPORT, LA 71118

Exclusively Listed by Michele Sauls, Associate Broker 318-222-2244 | [email protected]