Climate Control of Louisiana 4 Property Portfolio – Baton Rouge, Louisiana

investment highlights

INVESTMENT GRADE PORTFOLIO // The portfolio consists of modern facilities with large professional leasing offices, concrete drive aisles, metal construction, and roll-up doors.
LOW VACANCY // The current owner/managers are based locally and achieve six percent average vacancy, despite zero advertising spend.
OPERATIONAL UPSIDE // Substantial room to grow revenue via implementation of enhanced dynamic pricing and ECRI platforms, raising all existing tenants up to asking rates, and offering tenant insurance (none of which is currently being done).
EXCELLENT SUBMARKET DEMOGRAPHICS // Within three miles the average population is 52,000 with an average household income of $101,000.
STABLE LOCAL ECONOMY // Baton Rouge is the 67th largest MSA with a diverse economy driven by government (state capital), oil and gas (including the fourth largest US refinery, ExxonMobil), and education (LSU).
DIVERSIFIED REVENUE MIX // The portfolio includes multistory climate control, single story interior accessed climate controlled, non-climate controlled drive up, large enclosed RV/boat storage, outdoor open RV/boat parking, U-Haul rentals, and leased retail space.
WELL MAINTAINED PROPERTIES // There is an obvious pride of ownership from the local owners, who have prioritized maintenance, cleanliness, and appearance.

Broker Information

Thomas Parsons

First Vice President

Phone: 303.328.2068
Email: tparsons@marcusmillichap.com
License: CO FA100071008

Adam Schlosser

Senior Managing Director

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

Steve Greer

Broker of Record

Phone: 225. 376.6800
Email: steve.greer@marcusmillichap.com
License: BROK.995710346-A CT

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CONFIDENTIALITY AGREEMENT

THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by and between The LeClaire-Schlosser Group and Marcus & Millichap Real Estate Investment Services of Denver (“Broker”), exclusive listing broker for the Property, and “Buyer” regarding the property known as CLIMATE CONTROL OF LOUISIANA - 4 PROPERTY PORTFOLIO. The obligations of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owners.

BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. Much of the information to be provided is non-public, highly confidential and/or proprietary in nature (collectively “Information”) and is being disseminated only to those potential buyers who sign this agreement.

THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows:
1. Non-disclosure of Information: Buyer will not disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or Owner to any other person or entity except as permitted herein. If Buyer is a corporation, partnership, limited liability company, investment trust, or other non-natural legal entity, the person(s) signing this Agreement on its behalf will take all appropriate precautions to limit the dissemination of the Information only to those persons within the entity who need to know the Information, and who are specifically aware of the Agreement and agree to be bound by it.
2. This Agreement applies to all Information about the Property received from Broker or Owner, now or in the future, which is not readily available to the general public. Buyer understands that all Information shall be deemed confidential, valuable and proprietary such that its unauthorized disclosure, even without intent to harm, could cause substantial and irreparable harm to Owner and Broker.
3. All Information shall be used for the sole purpose of evaluating the potential acquisition of the Property and shall not at any time or in any manner be used for any other purpose.
4. Buyer shall not contact directly any persons concerning the Property, other than Broker, without Broker’s or Owner’s written permission. Such persons include, without limitation, Owner’s employees, suppliers and tenants.
5. Buyer and Buyer’s Broker acknowledge there is no co-op fee being paid.
6. Neither Broker nor Owner make any representations or warranty, express or implied, as to the accuracy or completeness of any Information provided by them. Buyer assumes full and complete responsibility for confirmation and verification of all Information received and expressly waives all rights of recourse against Owner and Broker with respect to the same.
7. The persons signing on behalf of Buyer and Broker represent that they have the authority to bind the party for whom they sign.
8. This agreement shall be governed and construed in accordance with the laws of the State of Colorado.
9. Return of Documents: Upon review of Information provided, if Buyer no longer has an interest and does not wish to pursue negotiations leading to this acquisition, Buyer agrees to return in a timely fashion all Information provided in its original form to Charles D. LeClaire and/or Adam Schlosser, if requested. Photocopying or other duplication is strictly prohibited.
10. In the event any party breaches its obligations under this Agreement, the prevailing party (parties), in any lawsuit brought to enforce the provisions of this Agreement, shall be entitled to reasonable attorney’s fees and costs in addition to all other remedies available to it.

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Contact The LeClaire-Schlosser Group

Climate Control of Louisiana 4 Property Portfolio – Baton Rouge, Louisiana

Property Location

Baton Rouge & Walker, LA

investment highlights

Broker Information

Thomas Parsons

Adam Schlosser

Charles "Chico" LeClaire

Steve Greer

CONFIDENTIALITY AGREEMENT

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