JDS Real Estate Services Bullard Corporate Center 5555 Bullard Ave New Orleans, LA Investment Advisors ENRI PINTO VP of National Sales CONFIDENTIALITY Miami Office AND DISCLOSURE Phone: 305-924-3094 [email protected] The information contained in the following Offering Memorandum (“OM”) is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Apex Capital Realty and should not be made available to any other person, entity, or affiliates without the written consent of Apex Capital Realty. By taking possession of and reviewing STEVEN VANNI the information contained herein the recipient agrees to hold and treat all such information Managing Director in the strictest confidence. The recipient further agrees that recipient will not photocopy or Miami Office duplicate any part of the offering memorandum. If you have no interest in the subject prop- Phone: 305-989-7854 erty at this time, please return this offering memorandum to Apex Capital Realty. This OM has been prepared to provide summary, unverified information to prospective purchasers, [email protected] and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Apex Capital Realty has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial per- TONY SOTO formance of the property, the size and square footage of the property, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, Commercial Advisor or any tenant’s plans or intentions to continue its occupancy of the subject property. The Miami Office information contained in this OM has been obtained from sources we believe to be reliable; Phone: 305-607-6012 however, Apex Capital Realty has not verified, and will not verify, any of the information [email protected] contained herein, nor has Apex Capital Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. MIGUEL PINTO BROKER OF RECORD NON-DISCLOSURE NOTICE MIAMI Apex Capital Real Estate Investment Services, Inc. (“Apex”) is not affiliated with, sponsored Phone: 305-607-6012 by, or endorsed by any commercial tenant or lessee identified in this OM. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or [email protected] sponsorship or endorsement by, said corporation of Apex, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Apex, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. JENNIFER STEIN BROKER OF RECORD DISCLAIMER In compliance with Louisiana law Apex Capital Realty, cooperates with JDS Real Estate Ser- JDS Real Estate Services, Inc. vices licensed and registered in the state of Louisiana as a Broker of Record for any transac- BROKER OF RECORD tions detailed within the materials of this document. LOUSIANA LICENSE: 0995689716-Corp ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE OSL Cooperating Broker APEX LISTING AGENT FOR MORE DETAILS Phone: 213-446-5366 [email protected] Exceptional Investment Opportunity Apex Capital in cooperation with JDS Real Estate Service, as exclusive ad- visor, is pleased to present the exceptional opportunity to acquire 5555 Bullard Ave, New Orleans, LA, 70128 (”The Property”). Situated on rough- ly 3.02 Acres, the 40,023 Square Foot shopping center was construct- ed in 1985 and fully renovated in 2002. The property is anchored by Davi- ta Dialysis, other tenants include State Farm, Louisiana State Rep John Bagneris’ Office, Jay’s Cleaners and The Royal Room. The center is leased to the current tenants as a 17,275 square foot retail center, attached to a separate 22,760 square feet of warehouse space, as such Davita Dialysis ac- counts for over 43% of total CAM recoveries related to expenses maintain- ing the center. The tenant mix provides for stable cash flow for new investors, as well as significant upside by leasing out the 22,760 Square Foot vacancy. Fronting Bullard Ave, in between I-510, I-10, and US90, the property is strate- gically located in the central corridor of all the main thoroughfares in the area. The property is located within 1 mile of a Walmart Super Center, Home Depot, Lowes, and many other major retail attractions. The property is situated just 10-Miles from the French Quarter, the main economic driver in New Orleans. The property currently has 22,760 Square Feet of vacant space. Original- ly a bowling alley, ownership converted the 40,035 square foot proper- ty into a retail and warehouse mixed use facility, the warehouse space is currently an owner occupied business, that will be vacating upon sale. This creates huge upside for future investors, while still receiving reliable income and recoveries from stable tenants. The 22,760 Square Feet can be rented in full to one tenant, such as a gym, grocery store, bowling alley, discount store, event space, food hall or subdi- vided to multiple tenants for storage generating even more cash flow. Davita Dialysis 10 Yr NNN Lease Executive Summary Investment Opportunity Bullard Corporate Center BULLARD CORPORATE CENTER - Apex Capital, as income and recoveries from stable cash flow. The exclusive advisor, is pleased to present the excep- 22,760 Square Feet can be rented in full to one tenant, tional opportunity to acquire 5555 Bullard Ave, such as a gym, grocery store, bowling alley, discount New Orleans, LA, 70128 (”The Property”). Situat- store, event space, food hall or subdivided to multiple ed on roughly 3.02 Acres, the 40,023 Square Foot tenants for storage generating even more cash flow. shopping center was constructed in 1985 and fully renovated in 2002. The property is anchored by STABLE CASH FLOW - With a current Net Operating Davita Dialysis, other tenants include State Farm, Income of $214,587 future investors will benefit Louisiana State Rep John Bagneris’ Office, Jay’s from stable cash flow. Davita Dialysis currently oc- Cleaners and The Royal Room. The center is leased cupies 7,540 Square Feet with 10 years left on the as a 17,275 square foot retail center, attached to lease, providing a key anchor tenant to future own- 22,760 square feet of warehouse space, as such Da- ers, State Farm also occupies 1,510 Square Feet of the vita Dialysis accounts for over 43% of total CAM center. With income coming from 2 credit tenants, recoveries. The tenant mix provides for stable cash future owners will be able to rely on the stable cash flow for new investors, as well as significant upside flow from two credit tenants while recapturing the by leasing out the 22,760 Square Foot vacancy. rent in the vacant space, creating significant upside. Fronting Bullard Ave, in between I-510, I-10, and LOCATION - 5555 Bullard Ave is located in the af- US90, the property is strategically located in the fluent part of East New Orleans sub-market. central corridor of all the main thoroughfares in The Property’s strategic location along Bullard Ave, the area. The property is located within 1 mile of a provides customers with direct and easy access from Walmart Super Center, Home Depot, Lowes, and 3 Major highways, including: Interstate-10, Inter- many other major synergistic retailers. The proper- state-510, US Highway 90 (Chef Menteur Hwy). ty is situated just 10-Miles from the French Quar- This central location gives the property traffic counts ter, the main economic driver in New Orleans. of over 50,000 vehicles per day within a 1-Mile radi- us. Fronting Bullard Avenue, The Property has two VALUE - The property currently has 22,760 points of ingress and egress along the main road. Square Feet of vacant space. Originally a bowl- ing alley, ownership converted the 40,035 square foot property into a retail and warehouse mixed use facility, the warehouse space is currently an owner occupied business, that will be va- cating upon sale. This creates huge upside for future investors, while still receiving reliable Incredible Value-Add opportunity by leasing 22,760 sq ft of warehouse space FINANCIALS Bullard Corporate Center 5555 Bullard Ave - New Orleans, LA Pricing Summary | 5555 Bullard Ave is being offered free and clear of debt for $4,175,000 Bullard Corporate Center: PRICING SUMMARY Listing Price: $4,150,000 Retail Value: $2,682,339 Cap Rate: 8.00% Net Operating Income: $214,587 Value Add Opportunity Warehouse Space Value: $1,479,160 5555 Bullard Ave currently has 22,260 Total Rentable Square Footage: 40,035 Square Feet of vacant space which is currently occupied by ownership. This Price Per Square Foot: $93 creates significant upside for poten- tial investors. By charging a below Percent Leased: 95% market rent of $7.00 per sf (Cur- rent submarket rent average Total Land Area: 3.02 Acres is $11.19), The dark space is valued at $1,479,160 when Year Renovated: 2002 capitalized at 8.50%. Year Built: 1985 5555 Bullard Ave - New Orleans, LA Bullard Corporate Center Lease Term Minimum Rent Annual Recovery Rent % of Lease Yrs. Wt. Avg. Tenant Suite GBA % Start End Annual Monthly PSF CAM Taxes Insurance Admin Revenue