the kings manor portforlio...the kings manor portfolio offering summary price per unit: $17,361...

THE KINGS MANOR PORTFORLIOShreveport, LA 71107 • Shreveport, LA 71106

Offering Memorandum

1

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and

should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified

information to prospective purchasers, 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. Marcus & Millichap 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 performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or

asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any

tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be

reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or

name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,

service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

THE PINES APARTMENTS

Shreveport, LA

ACT ID Z0630115

2

TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01Offering Summary

Regional Map

Local Map

Aerial Photo

FINANCIAL ANALYSIS 02

Rent Roll Summary

Rent Roll Detail

Operating Statement

Notes

Pricing Detail

Acquisition Financing

Growth Rate Projections

Cash Flow

MARKET COMPARABLES 03

Sales Comparables

Rent Comparables

MARKET OVERVIEW 04

Market Analysis

Demographic Analysis

THE KINGS MANOR PORTFOLIO

3


4

INVESTMENT

OVERVIEW


#

EXECUTIVE SUMMARY

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES

Lsu School of Medicine 6,000

Louisiana State Univ Med Ctr 5,000

Lsuhsc Health Sciences Center 5,000

Louisiana State University 2,244

Department of The Medicine 2,039

Lsu Hlth Scnces Center/Bio Med 2,039

Lsu Medical Center 2,039

Willis-Knighton South Hospital 1,800

Police Department 1,213

Willis-Knighton Medical Center 1,101

Christus Schumper Health Sys 1,004

Libbey Glass Division 1,000

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2017 Estimate Pop 8,277 63,205 146,180

2010 Census Pop 8,379 63,154 145,713

2017 Estimate HH 3,287 25,709 59,283

2010 Census HH 3,371 25,917 59,658

Median HH Income $32,917 $42,843 $40,756

Per Capita Income $27,498 $28,819 $26,053

Average HH Income $68,597 $70,492 $63,683

UNIT MIX

NUMBEROF UNITS

UNIT TYPEAPPROX.SQUARE FEET

195 1 Bedroom / 1 bathroom 573

267 2 Bedroom / 1 bathroom 805

72 2 bedroom / 1.5 bathroom 870

18 3 bedroom / 1 bathroom 1,100

24 3 bedroom / 2 bathroom 1,150

VITAL DATA

Price $10,000,000 CURRENT YEAR 1

Down Payment 100% / $10,000,000 CAP Rate 6.30% 23.96%

Loan Type All Cash GRM 3.10 2.17

Price/Unit $17,361Net Operating Income

$629,694 $2,396,384

Price/SF $22.90Net Cash Flow After Debt Service

6.30% / $629,694 23.96% / $2,396,384

Number of Units 576 Total Return 6.30% / $629,694 23.96% / $2,396,384

Rentable Square Feet 436,733

Number of Buildings 49

Number of Stories 2

Year Built / Renovated 1972 / 0

5


OFFERING SUMMARY

▪ Price per unit: $17,361

▪ Significant Value-Add Opportunity

▪ Owner Financing Available

INVESTMENT HIGHLIGHTS

Marcus & Millichap is pleased to present for sale, the Kings Manor Portfolio, in Shreveport, LA. This portfolio consist of 576 units between the following apartment

complexes: Forest Oak Apartments, Villa Norte Apartments, The Pines Apartments, and Linwood Home Apartments. The owner of is portfolio is willing to finance 93.5% at

an interest rate between 5 and 6.5%.

INVESTMENT OVERVIEW

6


PROPERTY SUMMARY

OFFERING SUMMARY

PROPOSED FINANCING

First Trust Deed

Loan Type All Cash

Debt Coverage Ratio

THE OFFERING

Property KINGS MANOR PORTFOLIO

Price $10,000,000

Property Address Shreveport, LA

Assessors Parcel Number171338002003200,181423000009400,181419005000200,17

1426000008800

SITE DESCRIPTION

Number of Units 576

Number of Buildings 49

Number of Stories 2

Year Built/Renovated 0

Rentable Square Feet 436,733

Type of Ownership Fee Simple

Parking 1261 Surface Spaces are available

Parking Ratio 2.1 per unit

UTILITIES

Water Owner pays

Phone Tenant Pays

Electric Tenant Pays

Gas Tenant Pays

CONSTRUCTION

Foundation Slab

Framing Wood

Exterior Brick

Parking Surface Asphalt

Roof Composite Shingles

MECHANICAL

HVAC Electrical

Wiring Copper

Fire Protection Smoke Dectectors

7

REGIONAL MAP


8

LOCAL MAP


9

AERIAL PHOTO


10

REGIONAL MAP


11

LOCAL MAP


12

AERIAL PHOTO


13

REGIONAL MAP


14

LOCAL MAP


15

AERIAL PHOTO


16

REGIONAL MAP


17

LOCAL MAP


18

AERIAL PHOTO


19


20

FINANCIAL

ANALYSIS

FINANCIAL ANALYSIS


RENT ROLL SUMMARY

21

FINANCIAL ANALYSIS


22

RENT ROLL DETAIL

FINANCIAL ANALYSIS


23

RENT ROLL DETAIL

FINANCIAL ANALYSIS


24

RENT ROLL DETAIL

FINANCIAL ANALYSIS


25

RENT ROLL DETAIL

FINANCIAL ANALYSIS


26

RENT ROLL DETAIL

FINANCIAL ANALYSIS


27

RENT ROLL DETAIL

FINANCIAL ANALYSIS


28

RENT ROLL DETAIL

FINANCIAL ANALYSIS


29

RENT ROLL DETAIL

FINANCIAL ANALYSIS


30

RENT ROLL DETAIL

FINANCIAL ANALYSIS


31

RENT ROLL DETAIL

FINANCIAL ANALYSIS


32

RENT ROLL DETAIL

FINANCIAL ANALYSIS


33

RENT ROLL DETAIL

FINANCIAL ANALYSIS


34

RENT ROLL DETAIL

FINANCIAL ANALYSIS


35

RENT ROLL DETAIL

FINANCIAL ANALYSIS


36

RENT ROLL DETAIL

FINANCIAL ANALYSIS


37

RENT ROLL DETAIL

FINANCIAL ANALYSIS


38

RENT ROLL DETAIL

FINANCIAL ANALYSIS


39

RENT ROLL DETAIL

FINANCIAL ANALYSIS


OPERATING STATEMENT

40

FINANCIAL ANALYSIS


PRICING DETAIL

41

MARCUS & MILLICHAP CAPITAL CORPORATION

CAPABILITIES

MMCC—our fully integrated, dedicated financing arm—is committed to

providing superior capital market expertise, precisely managed execution, and

unparalleled access to capital sources providing the most competitive rates and

terms.

We leverage our prominent capital market relationships with commercial banks,

life insurance companies, CMBS, private and public debt/equity funds, Fannie

Mae, Freddie Mac and HUD to provide our clients with the greatest range of

financing options.

Our dedicated, knowledgeable experts understand the challenges of financing

and work tirelessly to resolve all potential issues to the benefit of our clients.

National platform

operating

within the firm’s

brokerage

offices

$5.63 billion

total national

volume in 2017

Access to

more capital

sources than

any other firm

in the industry

Optimum financing solutions

to enhance value

Our ability to enhance

buyer pool by expanding

finance options

Our ability to enhance

seller control

• Through buyer

qualification support

• Our ability to manage buyers

finance expectations

• Ability to monitor and

manage buyer/lender

progress, insuring timely,

predictable closings

• By relying on a world class

set of debt/equity sources

and presenting a tightly

underwritten credit file

WHY MMCC?

Closed 1,707

debt and equity

financings

in 2017

ACQUISITION FINANCING


42

FINANCIAL ANALYSIS


GROWTH RATE PROJECTIONS

43

FINANCIAL ANALYSIS


CASH FLOW

44


45

MARKET

COMPARABLES


SALES COMPARABLES MAP

46

THE KINGS MANOR PORTFOLI0

(SUBJECT)

Prince Village Apartments

Bayou Oaks Apartments

Yorkshire Apartments

Grand Oaks Apartments

Southern Oaks Apartments

SALES COMPARABLES

1

2

3

4

5


SALES COMPARABLES MAP

47


(SUBJECT)


Yorkshire Apartments

Grand Oaks Apartments

Prince Village Apartments

Bayou Oaks Apartments

SALES COMPARABLES

1

2

3

4

5

PROPERTY NAMETHE KINGS MANOR PORTFOLIO

SALES COMPARABLES

48

SALES COMPARABLES

Avg. $45.54

Avg. $.00

$0.00

$5.50

$11.00

$16.50

$22.00

$27.50

$33.00

$38.50

$44.00

$49.50

$55.00

Villa Norte

Apartments

Yorkshire

Apartments

Terrace

Acres

Apartments

Cooper

Road Plaza

Grand Oaks

Apartments

Bayou Oaks

Apartments

Average Price Per Square Foot

Avg. $36,325

Avg. $

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

Villa Norte

Apartments

Yorkshire

Apartments

Terrace

Acres

Apartments

Cooper

Road Plaza

Grand Oaks

Apartments

Bayou Oaks

Apartments

Average Price Per Unit

Avg. .00Avg. .00

0.00

0.40

0.80

1.20

1.60

2.00

2.40

2.80

3.20

3.60

4.00

Villa Norte

Apartments

Yorkshire

Apartments

Terrace

Acres

Apartments

Cooper

Road Plaza

Grand Oaks

Apartments

Bayou Oaks

Apartments

Average GRM

Avg. 7.75%

Avg. 10.79%

0

1

2

4

5

6

7

8

10

11

12

Villa Norte

Apartments

Yorkshire

Apartments

Terrace

Acres

Apartments

Cooper

Road Plaza

Grand Oaks

Apartments

Bayou Oaks

Apartments

Average Cap Rate

SALES COMPARABLES

ON MARKET COMPARABLES

SALES COMPS AVG

ON MARKET COMPS AVG

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1


rentpropertyname1


49

SALES COMPARABLES ON MARKET COMPARABLES

Units Unit Type

Offering Price: $10,000,000 195 1 Bdr 1 bathroom

Price/Unit: $17,014 267 2 Bdr 1 bathroom

Price/SF: $22.44 722 bedroom 1.5

bathroom

CAP Rate: 6.43% 18 3 bedroom 1 bathroom

GRM: 3.04 24 3 bedroom 2 bathroom

Total No. of Units: 576

Year Built: 1972

Underwriting Criteria

Income $2,270,550 Expenses $1,640,856

NOI $629,694 Vacancy($1,159,894)

KINGS MANOR PORTFOLIOShreveport, LA, 71106-71107

1

Units Unit Type

Close Of Escrow: 9/27/2017 16 1 Bdr Bath

Sales Price: $3,125,000 55 2 Bdr Bath

Price/Unit: $37,202 13 4 Bdr Bath

Price/SF: $37.13


Year Built: 2000


Expenses $34,296

NOTES

LIHTC The parties involved were not responding to our requests for

comps verification. All information is from public records and previous

CoStar research only.

YORKSHIRE APARTMENTS2020 N Hearne Ave, Shreveport, LA, 71107

Units Unit Type


Sales Price: $950,000 17 2 Bdr Bath

Price/Unit: $28,788

Price/SF: $46.15

CAP Rate: 9.50%


2

NOTES

On April 27th 2018, the Terrace Acres Apartments located in Shreveport

was sold for $950,000. The price per unit was set at $28,788. The seller is

listed as Caddo Housing Corporation and Fred Rogers represented the

buyer and seller in this transaction. The following was verified with Amy

from CDC.

TERRACE ACRES APARTMENTS3335-3339 Old Mooringsport Rd, Shreveport, LA, TEXT7

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


50

SALES COMPARABLES ON MARKET COMPARABLES

Close Of Escrow: 9/1/2015

Sales Price: $3,683,371

Price/Unit: $34,105

Price/SF: $45.03


3

NOTES

On September 22nd, 2015, the 108 Unit multi-family property located at

2929 Peach Street in Shreveport, Louisiana, sold for $3,683,371, or

$34,105 per unit. All 108 units of subsidized housing were occupied at

the time of sale. A non-profit organization purchased the property because

they were well acquainted with the property and had been managing them

since 2012. There was no brokers on either side. The recorded buyer,

recorded seller, sale date, and sale price were confirmed with the buyer. A

document number for the deed has been attached to this transaction.

COOPER ROAD PLAZA2929 Peach St, Shreveport, LA, 71107

4

Units Unit Type


Sales Price: $3,300,000 55 2 Bdr Bath

Price/Unit: $45,205 12 3 Bdr Bath

Price/SF: $53.84

CAP Rate: 6.00%


Year Built: 1988

NOTES

No community amenities. On May 16, 2018 the 61,288 SF Grand Oaks

Apartments at 1601 N Forty Loop was sold for $3,300,000. This class B

multi-family building was 93% occupied at the time of the sale. These

apartments were built in 1988 and the complex features 28 buildings with

a pool on site. The transaction was in escrow for approximately 50 days.

The buyer was attracted to the property as an investment due to its

income potential. The net operating income was estimated to be

$198,000, yielding a cap rate of 6%. The brokers, buyer, seller, price,

sale date, SF, CAP rate and reason for purchase were verified by both the

buyer and one of the brokers. The deed was unavailable at the time of

publication.

GRAND OAKS APARTMENTS1601 N Forty Loop, Shreveport, LA, 71107

Units Unit Type

On Market 16 1 Bdr 1 Bath

CAP Rate: 10.79% 110 2 Bdr 1 Bath

Total No. of Units: 150 24 3 Bdr 1.5 Bath

Year Built: 1969


Expenses $32,035

5

NOTES

The bed-bath mix, unit counts, and sizes are confirmed per property

management.

BAYOU OAKS APARTMENTS2100 Grimmett Dr, Shreveport, LA, 71107


SALES COMPARABLES

51

SALES COMPARABLES

Avg. $45.49

$0.00

$5.50

$11.00

$16.50

$22.00

$27.50

$33.00

$38.50

$44.00

$49.50

$55.00

The Pines

Apartments

Prince

Village

Apartments

Bayou Oaks

Apartments

Yorkshire

Apartments

Grand Oaks

Apartments

Southern

Oaks

Apartments

Average Price Per Square Foot

Avg. $41,204

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

The Pines

Apartments

Prince

Village

Apartments

Bayou Oaks

Apartments

Yorkshire

Apartments

Grand Oaks

Apartments

Southern

Oaks

Apartments

Average Price Per Unit

Avg. .00

0.00

0.40

0.80

1.20

1.60

2.00

2.40

2.80

3.20

3.60

4.00

The Pines

Apartments

Prince

Village

Apartments

Bayou Oaks

Apartments

Yorkshire

Apartments

Grand Oaks

Apartments

Southern

Oaks

Apartments

Average GRM

Avg. 6.00%

0.0

0.7

1.4

2.1

2.8

3.5

4.2

4.9

5.6

6.3

7.0

The Pines

Apartments

Prince

Village

Apartments

Bayou Oaks

Apartments

Yorkshire

Apartments

Grand Oaks

Apartments

Southern

Oaks

Apartments

Average Cap Rate

SALES COMPARABLES SALES COMPS AVG

8


RENT COMPARABLES MAP


(SUBJECT)

10400 Linwood

Bayou Pointe Subdivision

Spring Lake Point

St. Vincent Villas I

Cedar Hill Apartments


St. Vincent Villas II

Woodlawn Terrace

Linwood Homes

The Pines Apartments

Fox Creek Apartments

4

7

8

9

11

20

12

14

15

16

17

13

18

10

4

7

8

9

11

10

1

2

3

5

6

52


RENT COMPARABLES

53

AVERAGE OCCUPANCY

Avg. 91.28%

0

10

20

30

40

50

60

70

80

90

100

Villa Norte

Apartments

Cedar Hill

Apartments

Southern

Oaks

Apartments

Bayou Oaks

Apartments

Wedgewood Spring

Lake Point

Woodlawn

Terrace


RENT COMPARABLES

54

AVERAGE RENT - MULTIFAMILY

Avg. $754

$0

$80

$160

$240

$320

$400

$480

$560

$640

$720

$800

Villa Norte

Apartments

Cedar Hill

Apartments

Southern

Oaks

Apartments

Bayou Oaks

Apartments

Wedgewood Spring

Lake Point

Woodlawn

Terrace

3 Bedroom

Avg. $643

$0

$80

$160

$240

$320

$400

$480

$560

$640

$720

$800

Villa Norte

Apartments

Cedar Hill

Apartments

Southern

Oaks

Apartments

Bayou Oaks

Apartments

Wedgewood Spring

Lake Point

Woodlawn

Terrace

1 Bedroom

Avg. $637

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

Villa Norte

Apartments

Cedar Hill

Apartments

Southern

Oaks

Apartments

Bayou Oaks

Apartments

Wedgewood Spring

Lake Point

Woodlawn

Terrace

2 Bedroom


RENT COMPARABLES

55

AVERAGE RENT - MULTIFAMILY

Avg. $630

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

The Pines

Apartments

10400

Linwood

Bayou

Pointe

Subdivision

Spring

Lake Point

St. Vincent

Villas I

Cedar Hill

Apartments

Southern

Oaks

Apartments

St. Vincent

Villas II

Woodlawn

Terrace

Linwood

Homes

The Pines

Apartments

Fox Creek

Apartments

2 Bedroom

Avg. $576

$0

$80

$160

$240

$320

$400

$480

$560

$640

$720

$800

The Pines

Apartments

10400

Linwood

Bayou

Pointe

Subdivision

Spring

Lake Point

St. Vincent

Villas I

Cedar Hill

Apartments

Southern

Oaks

Apartments

St. Vincent

Villas II

Woodlawn

Terrace

Linwood

Homes

The Pines

Apartments

Fox Creek

Apartments

1 Bedroom

PROPERTY NAME

MARKETING TEAM


RENT COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


56

YEAR BUILT: 1972

rentpropertyname1


Unit Type Units SF Rent Rent/SF

1 Bdr 1 bathroom

195 573 $420 $0.73

2 Bdr 1 bathroom

267 805 $477 $0.59

2 bedroom 1.5 bathroom

72 870 $485 $0.56

3 bedroom 1 bathroom

18 1,100 $566 $0.51

3 bedroom 2 bathroom

24 1,150 $591 $0.51

Total/Avg. 576 758 $466 $0.61

KINGS MANOR PORTFOLIOShreveport, LA, 71106-71107

OCCUPANCY: 96% | YEAR BUILT: 1980

1

NOTES

Heating, Kitchen, Oven, Range Concessions: 1 Amenities: Heating,

Kitchen, Oven, Range


1 Bdr 143 452 $688 $1.52

Total/Avg. 143 452 $688 $1.52

CEDAR HILL APARTMENTS7401 Saint Vincent Ave, Shreveport, LA, 71106

2


NOTES

Air Conditioning, Balcony, Courtyard, Dishwasher, Disposal, Gameroom,

Heating, Laundry Facilities, Property Manager on Site, Range, Refrigerator,

Walk-In Closets Concessions: 0.2 Amenities: Air Conditioning, Balcony,

Courtyard, Dishwasher, Disposal, Gameroom, Heating, Laundry Facilities,

Property Manager on Site, Range, Refrigerator, Walk-In Closets


1 Bdr 51 625 $526 $0.84

2 Bdr 48 903 $601 $0.67

3 Bdr 10 1,125 $731 $0.65

Total/Avg. 109 793 $578 $0.73

SOUTHERN OAKS APARTMENTS1111 W 70th St, Shreveport, LA, 71106

PROPERTY NAME

MARKETING TEAM


RENT COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


57


3


1 Bdr 16 600 $582 $0.97

2 Bdr 110 800 $647 $0.81

3 Bdr 24 1,000 $777 $0.78

Total/Avg. 150 811 $661 $0.82

NOTES

Laundry Facilities, Maintenance on site, Microwave, Oven, Pool,

Refrigerator, Tile Floors Concessions: 0.6 Amenities: Laundry Facilities,

Maintenance on site, Microwave, Oven, Pool, Refrigerator, Tile Floors

BAYOU OAKS APARTMENTS2100 Grimmett Dr, Shreveport, LA, 71107


4

NOTES

Air Conditioning, Dishwasher, Disposal, Heating, Microwave, Oven,

Property Manager on Site, Range, Refrigerator, Washer/Dryer, Wheelchair

Accessible (Rooms) Concessions: 0.3 Amenities: Air Conditioning,

Dishwasher, Disposal, Heating, Microwave, Oven, Property Manager on

Site, Range, Refrigerator, Washer/Dryer, Wheelchair Accessible (Rooms)


2 Bdr 150 776 $529 $0.68

Total/Avg. 150 776 $529 $0.68

WEDGEWOOD4103 Palamedas Dr, Shreveport, LA, 71107

5


NOTES

Air Conditioning, Alarm, Balcony, Clubhouse, Dishwasher, Fireplace,

Fitness Center, Furnished Units Available, Gated, Grill, Ice Maker, Laundry

Facilities, Laundry Service, Microwave, Picnic Area, Pool, Recycling,

Refrigerator, Tennis Court ... Concessions: 0.8 Amenities: Air

Conditioning, Alarm, Balcony, Clubhouse, Dishwasher, Fireplace, Fitness

Center, Furnished Units Available, Gated, Grill, Ice Maker, Laundry

Facilities, Laundry Service, Microwave, Picnic Area, Pool, Recycling,

Refrigerator, Tennis Court ...


1 Bdr 116 764 $776 $1.02

2 Bdr 184 1,034 $903 $0.87

Total/Avg. 300 930 $854 $0.92

SPRING LAKE POINT9000 W Wilderness Way, Shreveport, LA, 71106

PROPERTY NAME

MARKETING TEAM


RENT COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


58

OCCUPANCY: 65%

6


2 Bdr 208 683 $503 $0.74

Total/Avg. 208 683 $503 $0.74

NOTES

Accent Walls, Ceiling Fans, Hardwood Floors, Heating, Kitchen, Laundry

Facilities, Oven, Playground, Property Manager on Site, Range

Concessions: 1 Amenities: Accent Walls, Ceiling Fans, Hardwood Floors,

Heating, Kitchen, Laundry Facilities, Oven, Playground, Property Manager

on Site, Range

WOODLAWN TERRACE734 W 68th St, Shreveport, LA, 71106


59

MARKET

OVERVIEW

MARKET OVERVIEW

OVERVIEW

SHREVEPORT

MILITARY INSTALLATION

Barksdale Air Force Base occupies more than 22,000 acres east of Bossier

City, and it provides direct and indirect employment.

REGIONAL ECONOMIC HUB

The city of Shreveport is the economic and cultural center of the Ark-La-Tex

region and is three hours east of Dallas via Interstate 20.

TOURISM

Riverboat gambling, casinos, the Louisiana Downs racetrack, the Louisiana

Boardwalk and a convention center help bring tourists into the region and

provide jobs.

The Shreveport metro is located in northwest Louisiana and composed

of Bossier, Caddo, De Soto and Webster parishes. The metro’s two most

populous cities, Shreveport and Bossier City, are separated by the Red

River. The city of Shreveport is the third most populous in the state and

accounts for more than 40 percent of the metro’s population with

200,000 citizens. Population growth of 11,500 people is expected during

the next five years, with Bossier City projected to grow at a faster clip.

▪ Barksdale Air Force Base is the metro’s largest employer with thousands of individuals employed

here. The volume of education and government jobs is also driven by Caddo Public Schools and the

state of Louisiana.

▪ The metro boasts a sizable healthcare sector led by University Health and Willis-Knighton Health

System. The latter operates the only proton therapy center in the state.

▪ Elio Motors plans to manufacture three-wheeled vehicles at a former GM Plant in Shreveport starting

in 2019.

DEMOGRAPHICS

1

ECONOMY

METRO HIGHLIGHTS

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau


454K

2017POPULATION:

179K

2017HOUSEHOLDS:

36.8

2017MEDIAN AGE:

$43,000

2017 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

37.8U.S. Median:

$56,3003.5%

Growth2017-2022*:

2.5%

Growth2017-2022*:

PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS

Source: © 2017 Experian

Created on September 2018

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Population 7,980 63,638 147,145

▪ 2017 Estimate


▪ 2010 Census


▪ 2000 Census


▪ Daytime Population

2017 Estimate 7,894 70,035 168,412

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Households 3,243 26,253 60,406

▪ 2017 Estimate


Average (Mean) Household Size 2.45 2.42 2.41

▪ 2010 Census


▪ 2000 Census


Growth 2015-2020 -1.34% 2.12% 1.89%

HOUSING UNITS 1 Miles 3 Miles 5 Miles

▪ Occupied Units

2022 Projection 3,243 26,253 60,406

2017 Estimate 3,707 28,356 65,888

Owner Occupied 1,832 14,805 32,585

Renter Occupied 1,455 10,904 26,698

Vacant 420 2,647 6,605

▪ Persons In Units

2017 Estimate Total Occupied Units 3,287 25,709 59,283

1 Person Units 31.70% 30.86% 31.43%

2 Person Units 31.91% 32.71% 32.19%

3 Person Units 15.67% 15.81% 16.34%

4 Person Units 10.50% 11.42% 11.02%

5 Person Units 5.75% 5.50% 5.21%

6+ Person Units 4.50% 3.68% 3.81%

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2017 Estimate

$200,000 or More 6.66% 4.87% 3.67%

$150,000 - $199,000 4.46% 3.81% 3.07%

$100,000 - $149,000 7.19% 10.14% 9.32%

$75,000 - $99,999 5.42% 9.90% 10.01%

$50,000 - $74,999 10.39% 15.15% 15.54%

$35,000 - $49,999 13.49% 14.38% 14.42%

$25,000 - $34,999 12.57% 11.21% 11.77%

$15,000 - $24,999 16.01% 13.88% 14.00%

Under $15,000 23.82% 16.66% 18.20%

Average Household Income $68,597 $70,492 $63,683

Median Household Income $32,917 $42,843 $40,756

Per Capita Income $27,498 $28,819 $26,053

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population By Age

2017 Estimate Total Population 8,277 63,205 146,180

Under 20 25.03% 27.12% 26.84%

20 to 34 Years 19.16% 21.48% 22.55%

35 to 39 Years 4.79% 5.94% 6.12%

40 to 49 Years 9.35% 10.83% 10.89%

50 to 64 Years 19.64% 18.36% 18.45%

Age 65+ 22.05% 16.27% 15.14%

Median Age 41.15 36.11 35.47

▪ Population 25+ by Education Level

2017 Estimate Population Age 25+ 5,671 41,800 96,521

Elementary (0-8) 5.04% 2.30% 2.83%

Some High School (9-11) 12.40% 9.15% 8.92%

High School Graduate (12) 33.91% 29.16% 30.92%

Some College (13-15) 16.06% 22.00% 23.08%

Associate Degree Only 5.33% 6.17% 6.34%

Bachelors Degree Only 15.30% 18.98% 17.25%

Graduate Degree 11.00% 11.61% 9.84%

▪ Population by Gender

2017 Estimate Total Population 8,277 63,205 146,180

Male Population 45.62% 46.10% 46.77%

Female Population 54.38% 53.90% 53.23%

61

Income

In 2017, the median household income for your selected geography is

$32,917, compare this to the US average which is currently $56,286.

The median household income for your area has changed by 31.68%

since 2000. It is estimated that the median household income in your

area will be $37,975 five years from now, which represents a change

of 15.37% from the current year.

The current year per capita income in your area is $27,498, compare

this to the US average, which is $30,982. The current year average

household income in your area is $68,597, compare this to the US

average which is $81,217.

Population

In 2017, the population in your selected geography is 8,277. The

population has changed by -11.30% since 2000. It is estimated that

the population in your area will be 7,980.00 five years from now,

which represents a change of -3.59% from the current year. The

current population is 45.62% male and 54.38% female. The median

age of the population in your area is 41.15, compare this to the US

average which is 37.83. The population density in your area is

2,635.22 people per square mile.

Households

There are currently 3,287 households in your selected geography. The

number of households has changed by -5.38% since 2000. It is

estimated that the number of households in your area will be 3,243

five years from now, which represents a change of -1.34% from the

current year. The average household size in your area is 2.45 persons.

Employment

In 2017, there are 3,437 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

48.89% of employees are employed in white-collar occupations in

this geography, and 49.99% are employed in blue-collar occupations.

In 2017, unemployment in this area is 6.75%. In 2000, the average

time traveled to work was 19.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

24.19% White, 72.91% Black, 0.04% Native American and 0.71%

Asian/Pacific Islander. Compare these to US averages which are:

70.42% White, 12.85% Black, 0.19% Native American and 5.53%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 1.90% of the current year

population in your selected area. Compare this to the US average of

17.88%.

PROPERTY NAME

MARKETING TEAM


Housing

The median housing value in your area was $97,459 in 2017, compare

this to the US average of $193,953. In 2000, there were 2,159 owner

occupied housing units in your area and there were 1,315 renter

occupied housing units in your area. The median rent at the time was

$300.

Source: © 2017 Experian

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