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249 Lofton Pineville, LA 71360 Offering Memorandum FOR SALE FULLY-OCCUPIED MEDICAL OFFICE
Transcript of 249 Lofton - images4.loopnet.com...Affordable Dentures and Affordable Dentures & Implants brands....
249
Lofton
Pineville, LA 71360
Offering Memorandum
FOR SALE
FULLY-OCCUPIED
MEDICAL OFFICE
TABLE OF CONTENTS
Offering Summary
Property Overview
Tenancy Overview
Market Overview
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6
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We obtained the information in this offering package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject
to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and
they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
• Property Location
• Offering Summary
• Investment Highlights
• Investment Narrative
• Property Information
• Tax Assessment
• Aerial Site Plan
• Photographs
• Floor Plan
• Land Survey
• Aerial Amenity Map
• Lease Abstract
• Tenant Profile
• Market Lease Availability
• Market Overview
• Market and Development News
• Parish Profile
• Demographics
Eva Horton
Managing Director
770.552.2404
Hook McCullough
Senior Managing Director
949.608.2046
FOR ADDITIONAL INFORMATION,
PLEASE CONTACT BROKER
REPRESENTATIVES:
NEWMARK GRUBB KNIGHT FRANK – NEWPORT BEACH
4675 MacArthur Court, Suite 1600
Newport Beach, CA 92660
949.608.2000 | www.ngkf.com
Dan Dowd
Managing Director
510.300.0223
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OFFERING SUMMARY PROPERTY LOCATION
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OFFERING SUMMARY
INTEREST
OFFERED:
100% Fee Simple
OFFERING
PRICE:
$2,420,000.00
OFFER
SUBMISSION
PROCEDURE:
Seller and Agent will assess the qualification of any party submitting a non-
binding letter of intent in accordance with Seller’s objectives. In making this
assessment, Seller will consider a number of factors including, but not limited
to, price, time frame of closing, and perceived ability of the party to complete
the transaction.
BID
DEADLINE:
All submissions must be faxed, emailed or hard copy delivered. Offer should
be submitted in the form of a non-binding letter of intent and should specify
the following:
Offering Price
Due Diligence Period
Closing
Earnest Money Deposit
Contingencies (if any)
References
Documentation of previously completed transactions
Sources of funds
Any other information having a direct bearing on investor’s ability to close
the proposed transaction
BROKER
CONTACT:
Eva Horton
Managing Director
770.552.2404
Hook McCullough
Senior Managing Director
770.552.2457
Newmark Grubb Knight Frank’s West Capital
Markets Team in California, as exclusive
agent, is pleased to offer the opportunity to
acquire 249 Lofton Drive – a fully-occupied,
single-tenant medical office property within
Kings Country Estates subdivision in
Pineville, LA. Currently utilized as a medical
office for dentistry services, the property is
leased through January 2028 to Affordable
Care, Inc. and features a total rentable area
of 3,157 SF. 249 Lofton Drive presents
investors with the unique opportunity to
acquire a high-quality asset with a stable
income stream, with escalations, in one of
Pineville’s strongest retail enclaves.
Dan Dowd
Managing Director
510.300.0223
STABLE IN-PLACE INCOME FROM SINGLE TENANT
Well positioned within Kings Country Estates subdivision.
Long term lease to well established dental services company – Affordable Care, Inc. d/b/a
Affordable Dentures.
Absolute NNN lease (includes all maintenance, insurance and taxes), with 12.5% rental
increases every 5 years.
2 five year renewal options upon expiration, at an absolute NNN monthly rate with 12.5%
escalations every five years.
EXCELLENT & CONVENIENT ACCESS
Located as an outparcel to Wal-Mart Supercenter.
Very appealing to diverse tenant mix as its geographic location is able to service a greater
consumer base.
Convenient access to additional, highly-trafficked byways including Highway 167.
The new bridge and expressway connecting Pineville and Alexandria along Monroe Hwy,
opened in May 2017, allowing additional available accessibilities.
Direct access to Monroe Highway affords tenants and patrons ease when commuting to-and-
from the property and surrounding parishes.
CENTRAL POSITION WITHIN STRONG RETAIL
ENCLAVE
Located in a dense retail corridor, including a 205,000 SF Walmart Supercenter and Pineville
Shopping Center.
Nearby tenants include Walgreens, Lowe’s Home Improvement, Super 1 Foods, Days Inn, and
Sleep Inn & Suites.
Located across from Proctor and Gamble facility and Louisiana National Guard Camp
Beauregard.
Contains visibility and access from Monroe Highway.
Surrounded by business and industry that make it a regional destination for north Rapides Parish
and adjacent parishes.
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OFFERING SUMMARY INVESTMENT HIGHLIGHTS
Located along Lofton Drive between Monroe Highway and Pinecrest Drive in the Kings Country Estates
subdivision, 249 Lofton Drive offers investors the opportunity to purchase a well established asset
featuring a total leasable area of 3,157 SF ± designed for medical office use. The Property is currently
leased to Affordable Care, Inc. d/b/a Affordable Dentures with a lease in-place through January 2028.
The tenant pays absolute NNN annualized rental rate with 12.5% escalations every 5 years. Upon
expiration, the tenant’s lease allows for two 5-year renewal options with 12.5% annual escalations every
five years.
Affordable Care, Inc. is America’s largest dental support organization focused on tooth replacement
services with more than 220 affiliated practices in nearly 40 states. In 2015, American Capital Ltd, sold
its investment interest of Affordable Care, Inc. to Berkshire Partners, for a reported price of $800M.
With a central location along Monroe Highway’s major retail corridor, 249 Lofton Drive is situated as an
out parcel to Walmart Supercenter, in one of Rapides Parish’s strongest and most diversified
commercial enclaves. Nearby attractions include the Louisiana Maneuvers & Military Museum, Pineville
Old Town Hall Museum, Alexandria Mall, Forts Randolph & Buhlow State Historic Site, Pineville
Recreation Complex, Kees Park, and Forest Lawn Memorial Park. The immediate area also features a
number of hotels, apartment complexes and a high concentration of retail product with national retailers
like Super Wal-Mart, Subway, Sonic Drive-In, Dollar Tree, and Walgreens all operating out of locations
nearby. This strong national tenant mix along Monroe Highway prove to be major market drivers within
immediate proximity of 249 Lofton Drive. The new bridge and expressway connecting Pineville and
Alexandria, known as the Pineville Expressway, along Monroe Hwy recently opened in May 2017, which
will allow patrons to commute to-and-from the Property and surrounding parishes with ease. 249 Lofton
Drive offers investors the unique opportunity to acquire a high quality, fully occupied medical office asset
in one of Pineville’s premiere retail corridors.
PROPERTY OVERVIEW
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INVESTMENT NARRATIVE
Market Overview
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PROPERTY OVERVIEW
GENERAL INFORMATION
PROPERTY ADDRESS: 249 Lofton drive
Pineville, la 71360
PARISH/COUNTY: Rapides Parish
PARCEL ID: 05-036-05447-0001
SUBDIVISION: Kings Country Estates
PROPERTY TYPE: Single-tenant medical office building
TRAFFIC COUNTS: 33,987 cars/day on Monroe Hwy (2015)
2017 EST. POPULATION
WITHIN 3 MILES:
17,742
PROPERTY INFORMATION
PROPERTY INFORMATION
BUILDING SIZE: 3,157 sf
ACRES: 0.8599 ac
NO. OF STORIES: 1 story
PARKING: Approx. 38 surface spaces
YEAR BUILT: 2011
INGRESS/EGRESS:Three (3) points of access to Lofton drive (Pinecrest Drive.
Monroe Hwy and Esler Field Road)
OCCUPANCY: 100%
TENANT: Affordable Care, Inc.
NOI (Jan 2018): $145,206
LEASE TYPE: NNN
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TAX ASSESSMENTPROPERTY OVERVIEW
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PROPERTY OVERVIEW AERIAL SITE PLAN
249 Lofton
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PROPERTY OVERVIEW PHOTOGRAPHS
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PROPERTY OVERVIEW FLOOR PLAN
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PROPERTY OVERVIEW LAND SURVEY
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PROPERTY OVERVIEW
# Type Name Address City # Type Name Address City
1 GalleryAlexandria Museum
of Art 100 Desoto St Alexandria 16 Museum
Lecompte High
School 2004 St Charles Ave Lecompte
2 GalleryRiver Oaks Square
Arts Center 1330 Main St Alexandria 17 Museum
Louisiana History
Museum 503 Washington St Alexandria
3 Kid Friendly/FamilyAlexandria
Zoological Park 3016 Masonic Dr Alexandria 18 Museum
Louisiana Maneuvers
& Military Museum 623 G St Pineville
4 Kid Friendly/FamilyBooker Fowler Fish
Hatchery10 Joan Stokes Rd Forest Hill 19 Museum
Old Town Hall
Museum 731 Main St Pineville
5 Kid Friendly/FamilyEngland Airpark
Lanes 1711 Kegleman Blvd Alexandria 20 Museum
Southern Forest
Heritage Museum 77 Long Leaf Rd Longleaf
6 Kid Friendly/FamilyForts
Randolph/Buhlow
State Historic Site
135 Riverfront St Pineville 21 MuseumT.R.E.E. House
Children's Museum 1403 3rd St Alexandria
7 Kid Friendly/FamilyFour Seasons
Bowling Center 3510 North Blvd Alexandria 22 Point of Interest
Alexandria Holocaust
Memorial 4th St & Elliott St Alexandria
8 Kid Friendly/FamilyFrogmore Cotton
Plantation & Gins 11752 US 84 Jonesville 23 Point of Interest
Epps House:
Solomon Northup's
Gateway to Freedom
8100 Highway 71 S Alexandria
9 Kid Friendly/Family Gone Wild Safari 805 Hooper Rd Pineville 24 Point of InterestFrogmore Cotton
Plantation & Gins 11752 US 84 Jonesville
10 Kid Friendly/FamilyHayes E Daze
Riding Adventures
1313 Upper Boy Scout
RdForest Hill 25 Point of Interest
Kent Plantation
House
3601 Bayou Rapides
RdAlexandria
11 Kid Friendly/FamilySlinkee's Family
Fun 2800 S MacArthur Dr Alexandria 26 Point of Interest
Kisatchie National
Forest 2500 Shreveport Hwy Pineville
12 MuseumAlexandria Museum
of Art 100 Desoto St Alexandria 27 Point of Interest
Mt. Olivet Chapel &
Cemetery 335 Main St Pineville
13 Museum
Arna Bontemps
African American
Museum & Cultural
Arts Center
1327 3rd St Alexandria 28 Point of Interest Northup Trail 101 Murray St Alexandria
14 MuseumDelta Music
Museum218 Louisiana Ave Ferriday 29 Point of Interest
Silver Dollar Pawn &
Jewelry, "Cajun
Pawn Stars"
2417 Lee St Alexandria
15 MuseumFrogmore Cotton
Plantation & Gins 11752 US 84 Jonesville 30 Point of Interest
St. Francis Xavier
Cathedral 626 4th St Alexandria
AERIAL AMENITY MAP
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TENANCY OVERVIEW
TENANT
AFFORDABLE CARE, INC.
LEASE COMMENCEMENT
FEBRUARY 1, 2011
LEASE TERM
17 YEARS
LEASE ESCALATIONS
12.5% EVERY 5 YEARS
LEASE EXPIRATION
JANUARY 31, 2028
OPTIONS
TWO (2) RENEWAL OPTIONS FOR 5 YEAR TERMS
ANNUAL RENT PRESENT – JAN. 31, 2018
$129,072
5 YEAR OPTION 1 - ANNUAL RENT
$183,776.34
BUILDING SIZE
3,157 SF
ANNUAL RENT FEB. 1, 2018 – JAN. 31, 2023
$145,206
5 YEAR OPTION 2 - ANNUAL RENT
$206,748.39
LEASE TYPE
ABSOLUTE NNN
ANNUAL RENT FEB. 1, 2023 – JAN. 31, 2028
$163,356.75
2016 TAXES
$27,701
NNN REIMBURSEMENT (CAM, INSURANCE AND TAXES)
PAID BY TENANT
Affordable Care, Inc. headquartered in Raleigh, NC, is a dental support organization thatexclusively provides business support to the network of affiliated practices operating under theAffordable Dentures and Affordable Dentures & Implants brands. Founded in 1975, AffordableDentures is the largest and fastest-growing denture-services provider in the U.S. with more than230 affiliated practices in 40 states- and growing each year. More than six million patients havereceived services from an Affordable Dentures-affiliated practice.
In 2015, American Capital sold its majority interest in Affordable Care, Inc. to Berkshire Partnersfor an estimated value of $800M, along side Partners Group, in second lien term loan position for$200M.
Scott Essex, Managing Director and Co-Head Private Debt, says: "ACI (American Care, Inc.) hascarved out a niche for itself as the market leader in the provision of dentures and dental implants,offering a unique service to both patients and dentists. Because of the strength of its brand, it hasshown consistent growth and strong financial performance, even during the recent economicdownturn. We believe ACI has solid potential for further expansion and are very pleased tosupport it in the next phase of its growth.“
Organization Goals: Lead dentistry in prosthetic and implant services Support dentists and team members in continual career development Ensure uniquely satisfying patient experiences, and Advance clinician and business capabilities through technology
AFFORDABLE CARE, INC.
COMPANY
TYPE:Private
PRODUCTS/
SERVICES:
Dental Implants, Dentures, Extractions
and Repairs, and Dentistry Services
PRINCIPLES:
Dr. George L. Edwards Jr. (Co-
Founder and President), and Dr.
Donald L. Henson (Co-Founder)
FOUNDED: 1975
OCCUPANCY: Direct Lease
STRORE
COUNT:220+ in 39 States
WEBSITE http://careers.affordabledentures.com/
TENANT PROFILE AND LEASE ABSTRACT
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TENANCY OVERVIEW LOCAL AREA – CURRENT LEASE AVAILABILITY (AS OF MAY 2017)
COMP #1
PROPERTY
ADDRESS:
KINGS COUNTRY VILLAGE
124 Kings Country Drive
Pineville, LA 71360
SIZE (SF): 205,507 SF
YEAR BUILT: N/A
AVAILABLE:13,273 SF
Retail
RATE (ASKING): $10.00 - $16.50 (NNN)
ADDITIONAL
COMMENTS:
Multi-tenant retail/storefront
along US Highway 165.
COMP #2
PROPERTY
ADDRESS:
FORMER PINEVILLE RYAN’S
3632 Monroe Highway
Pineville, LA 71360
SIZE (SF): 10,190 SF
YEAR BUILT: N/A
AVAILABLE:10,190 SF
Retail
RATE (ASKING): $12.00 (NNN)
ADDITIONAL
COMMENTS:
Single tenant freestanding
retail building on an outparcel
to Super Wal-Mart adjacent to
Affordable Care.
Owner/Landlord would be
open to a national credit tenant
ground lease.
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MARKET OVERVIEW
249 Lofton Drive is located in north eastern Pineville, a suburb of Alexandria, across the Red River in Central
Louisiana. Pineville is home to the Old Town Hall Museum, the only museum in Louisiana dedicated to municipal
government, as well as the Louisiana Maneuvers Museum, which provides insight into World War II and General
Dwight D. Eisenhower. It is also the site of several significant and historic cemeteries, including the Rapides
Cemetery and the Alexandria National Cemetery. Located on the Red River in downtown Pineville, the Forts
Randolph & Fort Buhlow State Historic Site includes a visitor center with exhibits on the Civil War Red River
Campaign, an elevated boardwalk around the fort area, with an overlook near the Bailey's Dam site, and an open
field for Civil War re-enactments. The Louisiana Korean War Memorial can be found at Kees Park. Pineville High
School is situated just south of Fort Buhlow Lake and has a reputation for its high quality education, and Louisiana
College, a private Baptist university with a focus on liberal arts and sciences.
Today, Pineville serves as the business and retail center for small, surrounding communities, as Pineville has a
variety of shopping centers, national chain retail stores, hotels, banks, and medical facilities to serve its residents
and visitors. Pineville operates one of the area's most popular recreational areas, Buhlow Lake, which offers
boating, racing, fishing and recreational activities. Central Louisiana has long been a business and industry hub for
agriculture, agri-business, forestry and timber related industries, as well as manufacturing. Several large non-
government employers can be found in the city, including Baker Manufacturing Inc., Procter & Gamble
Manufacturing Co., Crest Industries, LLC, and Dresser Industrial Valve, Inc. The area’s established river, rail and
interstate systems for transporting both raw materials and finished products draw businesses to Pineville.
Additionally, a Heavy Industrial Mega Site at the England Industrial Airpark is an attraction for large manufacturers
looking to start up or relocate.
Pineville is home to various medical operations, including the Central Louisiana State Hospital, the Pinecrest
Support and Services Center, and the Alexandria Veterans Administration Medical Center.
Until a special election held on October 19, 2013, no alcohol was available legally in the Pineville community. In the
1980s, voters maintained that stance in a poll. The late Mayor Fred Baden was known for his opposition to liquor
sales. Clarence R. Fields, the first African-American mayor of Pineville, who has held his office since 1999, pushed
for another survey to authorize the sale of liquor in restaurants. Nearly four years after Baden's death, the measure
was roundly approved by voters in the special election. Between January 2015 – February 2015, nine restaurants in
Pineville have received permits to serve alcohol.
PINEVILLE, LA
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MARKET OVERVIEW
July 18, 2016 | U-Haul Repurposes Historic Holsum Bakery Site for New Store in Alexandria
The historic building that once housed the beloved Holsum Bakery for some 61 years will soon function as the location for Uhaul
Moving & Storage at Holsum Bakery at 3400 S. MacArthur Drive.
Source: http://www.newsedge.com; PR Newswire (published: 18Jul2016)
March 16, 2016 | Innovation Park Becomes a Reality
Revolution Aluminum Propco LLC announces the completion of its acquisition of the former Pineville International Paper site.
Property transfer is a critical milestone in the previously announced Revolution Aluminum greenfield project. Redevelopment will
transform the site into multi tenant Innovation Park. Mayor Clarence Fields, whose tireless efforts were instrumental in pushing the
final deal over the finish line, said “the hard work over the last year to make this day happen will pay off in huge opportunities for all of
central Louisiana.”
Source: http://www.cenla.org/jobs/innovation-park-becomes-a-reality
May 26 , 2015 | 2015 State's Cleanest City Award
Today, the Louisiana Garden Club Federation presented the City of Pineville with its "2015 STATE'S CLEANEST CITY" award.
Pineville won Category "G", which was for cities with populations between 9,500 and 14,999. In March, Pineville was judged in
District competition and advanced to the State Cleanest City Contest finals, which was held over a two week period in April.
This is Pineville's ninth such award in the last thirteen years. However, this year did mark a first for Pineville. A separate plaque was
presented today for winning the contest three years in a row! After winning our district many times previously, Pineville was selected
as the STATE"S CLEANEST CITY for the first time by the Louisiana Garden Club Federation in 2003, and repeated in 2004, 2006,
2008, 2010, 2011, 2013 and 2014.
Source: http://www.pineville.net/egov/docs/1432688599217.htm
MARKET AND DEVELOPMENT NEWS
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MARKET OVERVIEW
March 17, 2015 | New Bridge at Highway 71/165 Opens for Traffic
The new bridge at Hwy 71/165 replacing the O.K. Allen Bridge has opened for two lanes of traffic today, and the old bridge has been
closed for traffic to be dismantled. This new infrastructure will be a huge benefit to the Hwy 165 corridor to facilitate future growth and
will also help alleviate congestion on the Pineville Expressway.
Source: http://www.pineville.net/egov/docs/1429860249471.htm
March 15, 2015 | Hayes Manufacturing & Crest Industries Awarded Manufacturing Leadership Award
Two other local companies — Hayes Companies and Manchac Technologies — have joined a subsidiary of Pineville-based Crest
Industries in receiving prestigious Manufacturing Leadership Awards from Frost & Sullivan’s Manufacturing Leadership Council.
Pineville-based Hayes Manufacturing, now in its 61st year, has three divisions — a Crane Division, an Outside Construction Division
and the core of the company, the Fabrication and Production Division. The company announced a $3 million expansion in December
2013.
Hayes was recognized in the Innovation Process Leadership category for its invention of the Bottom Repad Roll Former, which
produces a one-piece metal reinforcement plate for the bottom of a railroad tank car.
Source: http://www.thetowntalk.com/story/news/business/2015/03/15/business-beat-local-companies-win-leadership-
awards/24825855/
February 20, 2015 | Plant to Bring 1,450 Jobs to Pineville
A new, $2.4 billion aluminum manufacturing complex will bring nearly 1,500 jobs to Pineville.
American Specialty Alloys will build its first production facility manufacturing aluminum alloy for the automotive and aerospace
industries on the former site of an International Paper mill off La. Highway 107. ASA expects to break ground later this year, with a
targeted completion date of all facilities in 2020.
The facility, as well as facilities for corporate partners to support the mill's operations, are expected to employ a total of 1,450 people
at an average salary of about $70,000.
Source: http://www.thetowntalk.com/story/news/local/2015/02/20/plant-bring-hundreds-jobs-pineville/23760343/
MARKET AND DEVELOPMENT NEWS
February 10, 2015 | Holiday Inn Express Coming to Pineville
A Holiday Inn Express is coming to Pineville, and a new townhouse development may be as well. The Pineville City Council on
Tuesday approved the annexation of 2820 U.S. Highway 165 North so the construction of a Holiday Inn Express hotel can begin on
the property.
Pineville officials have been working on the hotel project for two years now, and they expect the company to break ground on the
project in two months. The hotel, which will be located on U.S. 165 south of the Kmart, will have 81 rooms.
Chief of Staff Rich Dupree said it is a big step towards developing that portion of the city. With half of the new Red River bridge
nearing completion at the end of February, the city is hoping to continue to see growth there.
"It's a flagship hotel ... it's very instrumental for us and what we're doing," Mayor Clarence Fields said. "We hope with them come
others.“
Source: http://www.thetowntalk.com/story/news/local/2015/02/10/holiday-inn-express-coming-pineville/23206653/
February 3, 2015 | Bigger Things to Come for Pineville Alcohol Sales
A year after alcohol started landing on Pineville's restaurant tables for the first time in decades, the effects have been minimal. But
city officials and people who pushed for the change believe those effects are worthwhile, and bigger opportunities will come.
Nine restaurants in Pineville have received permits to serve alcohol since January 2014, according to the Rapides Parish Sales and
Use Tax Office. Voters in the city overwhelmingly approved loosening restrictions on selling alcohol in October 2013.
Source: http://www.thetowntalk.com/story/news/local/2015/02/03/bigger-things-come-pineville-alcohol-sales/22820091/
January 7, 2015 | Smaller Wal-Marts Open in Alexandria, Pineville
Imagine you took the common, everyday items people buy at Walmart and moved them from a supercenter to a smaller store that's
easier and more convenient to negotiate.
The neighborhood markets are about 42,000 square feet, which makes them 20-25 percent the size of a supercenter. They are built
more on the model of a typical grocery store, with a full selection of food and items such as health and beauty, but limited or no
inventory in areas such as toys, hardware, clothes or home and garden.
Source: http://www.thetowntalk.com/story/news/local/2015/01/07/smaller-walmarts-open-alexandria-pineville/21412239/
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MARKET OVERVIEW MARKET AND DEVELOPMENT NEWS
Market Overview
20,666
7,988
17,789
15,458
16,757
17,379
18,174
18,025
0 5,000 10,000 15,000 20,000 25,000
Ages 65+
Ages 60 - 64
Ages 50 - 59
Ages 40 - 49
Ages 30 - 39
Ages 20 - 29
Ages 10 - 19
Ages 0 - 9
Age Distribution
20
MARKET OVERVIEW
5.53%< Grade 9
36.11%High School
23.89%Some College
5.28%Assoc Degree
10.47%Grade 9-12
12.50%Bach Degree
6.22%Grad Degree
51.70%
Female Population
132,236
Total Population
Male Population
48.30%
PARISH PROFILE – PEOPLE AND EDUCATIONAL ATTAINMENT
SOURCE: GREATER BATON ROUGE BUSINESS REPORT – MARKET FACTBOOK 2016
21
Community
Nation
65.3%
64.58%
Owners
Renters
Community
Nation
34.7%
35.42%
There are 88% more
households who own their homes
than there are renters.
22.00 min
Commute Travel Time
32
Airports in Community
Freight Rail
in Community
Interstate
in Community
8%
Top State Corporate Income Tax
8%
Top State Corporate Capital Gains Tax
6%
Top State Personal Income Tax
6%
Top State Personal Capital Gains Tax
4%
State Sales Tax
Taxes
MARKET OVERVIEW PARISH PROFILE – HOUSING, TRANSPORTATION, AND TAXES
SOURCE: GREATER BATON ROUGE BUSINESS REPORT – MARKET FACTBOOK 2016
22
Total Establishments
6,263
70,760
Total Employees
56,930
Labor Force
6.40%
Unemployment Rate
39.00%
Blue Collar Employees
60.00%
White Collar Employees
MARKET OVERVIEW PARISH PROFILE – LABOR FORCE
SOURCE: GREATER BATON ROUGE BUSINESS REPORT – MARKET FACTBOOK 2016
13,541
16,534
14,032
22,418
33,269
10,000
15,000
20,000
25,000
30,000
35,000
2012 2013 2014 2015 2016
Health Care and Social Services Job Growth
23
Health Care and Social Services• 33,269 Jobs
• 1,995 Establishments
Retail• 17,247 Jobs
• 1,857 Establishments
Education• 10,175 Jobs
• 270 Establishments
Public Administration• 9,414 Establishments
• 373 Establishments
SOURCE: GREATER BATON ROUGE BUSINESS REPORT – MARKET FACTBOOK 2016
MARKET OVERVIEW PARISH PROFILE – BUSINESS AND JOBS
Market Overview
24
MARKET OVERVIEW DEMOGRAPHICS
Newport Beach
4675 MacArthur Court
Suite 1600
Newport Beach, CA 92660
949.608.2000
Eva HortonManaging Director
770.552.2404
Hook McCulloughSenior Managing Director
770.552.2457
Dan DowdManaging Director
510.300.0223
