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FOR SALE | 106.72 ACRES | $10,500,000 NEW IBERIA, LOUISIANA

6005 PORT ROAD

PRIME INLAND PORT WITH ACREAGE

in cooperation with

THE OFFERINGJLL is pleased to offer the opportunity to acquire a fee-simple interest in 6005 Port Road (the “Property”), a 293,141 square foot industrial facility located in the Port of Iberia in New Iberia, Louisiana. The Property is comprised of seven high-quality manufacturing structures and one office building situated on a 106.72 acre site. The Property was renovated in 2006 and contains four grade level doors and an 85 feet maximum clear height.

PORT ACCESS IN NEW IBERIA, LOUISIANA

WIDE VARIETY OF USES WITH WATER FRONTAGE

A progressive place with a great workforce where it’s easy to do business, Iberia Parish benefits from its strategic location between Houston and New Orleans on the Gulf Coast. With access to the Gulf Intracoastal Waterway and the Gulf of Mexico through its own Commercial Canal and access to the Mississippi River through major ports in Baton Rouge and New Orleans, the Port of Iberia offers 2,000 acres of industrial and manufacturing space. The Port of Iberia is a 3,500 acre industrial and manufactur-ing site surrounding a man-made port complex. As the future of oil and gas exploration in the U.S. shifts to the deep waters of the Gulf of Mexico, the Port of Iberia and its vast skilled labor workforce is poised to expand its role as a national leader in top-side fabrication. More than 100 companies currently call the Port of Iberia home, with some 5,000 employees and an annual payroll in excess of $330 mil-lion dollars, which generates 1.4 billion dollars in economic impact for Iberia Parish.

The Property is located along the waterfront within in the Port of Iberia and is suitable for a wide range of manufacturing uses. The site has approximately 2,050 feet of bulk heading along the Rodere Canal, which provides access to the lntercoastal Waterway approximately 8 miles to the south. Water depth at the bulkhead is 12 feet, and structures up to 5,500 tons can be loaded out. The Property also features excess land which can be used to expand the existing facility or can provide additional parking for trucks, trailers, or equipment.

PROPERTY SUMMARY

Property Location6005 Port RoadNew Iberia, Iberia Parish, Louisiana, 70560

Year Built 1973 – 1978Year Renovated 2006Number of Structures EightNumber of Stories OneGross Building Area 293,141 SFAcres 106.72 AcresClear Height 30 – 85 feetGrade Level Overhead Doors FourPrice $10,500,000INVESTMENT HIGHLIGHT

LIMITED NEW SUPPLY New Iberia will maintain a stabilized occupancy position in the future with no new speculative additions to supply. The addition of any new product would most likely be build-to-suit development and should not affect the market significantly as most of the occupants of the existing industrial properties are owner-users.

ACCESSIBILITY

6005 Port Road is located in the Port of Iberia, offering true intermodal transportation. The Property is located less than one mile from Interstate 49/Highway 90, the primary access roadway for southern Louisiana; L&D railroad is on-site, the Acadiana Gulf of Mexico Access Chanel (AGMAC) provides direct unimpeded access to the Gulf of Mexico; and Acadiana Regional Air-port’s 8,000 foot fully-instrumented runway is within three miles of the Property.

ACADIANA REGIONAL AIRPORTAdding to the Iberia parish’s transportation capabilities, Acadiana Regional Airport is a fully-certified General Aviation Airport with an 8,002-foot-long, 200-foot-wide lighted concrete runway and fully instrumented airfield. The Airport Industrial Park offers land to expand, with 1,200 acres available for development, including prime runway and taxiway frontage. Home to more than 50 companies and 1,750 employees, the airport is located just north of U.S. Highway 90, features direct rail access, a 5,000-foot lighted water runway for amphibious aircraft and a rail-to-truck offloading facility.Notable tenants include Bristow, the

world’s largest provider of commercial helicopter services, Aggreko, the global leader in the rental of power, temperature control and oil-free compressed air systems, and AvEx, the leader in aviation exterior painting. It was announced in December that the airport’s first passenger terminal will be named in honor of local military hero Brig. Gen. Wiltz Paul Segura and should be completed by the end of 2016. In addition, plans for an International School of Aviation Excellence are also in the works for Acadiana Regional Airport in partnership with Southwest Louisiana Community College.

4-D Corrosion Control Specialists, Inc. Diamond Offshore Drilling, Inc. Parker Drilling Offshore USA, LLC

Acadiana Shell & Limestone, Inc. Diversified Materials Patrick Judice Farms, Inc.

Accurate Weldment Testing, Inc. Dixie Electric, Inc. Performance Machine, Inc.

Advanced Welding Services Estis Well Service Perma Pipe

All Points Equipment Excalibar Minerals of LA, LLC Pioneer Well Service

Alpha Rentals Failsafe Controls, LLC Port Administrative Office

AMPOL Frank’s Casing Crew Port Electric, Inc.

American Polymer Products, Inc. Geo Shipyard, Inc. Port Machine Shop, Inc.

Ameriforge Curning Insolation Global X-Ray & Testing Port Quick Shop

Bayou Bowmen Archery Club Gulf Manufacturing, LLC Preventative Maintenance Services

Bayou Companies, LLC Hercules Liftboats Professional Coating Applicators, Inc.

Bayou Testers, Inc. Herman J. Schellstede & Associates Quality Inspection & Testing, Inc.

Bayou Metal Supply, Inc. Hollemire International RK Pipe & Supply

Bayou Welding Works, LLC Hose Specialty & Supply Co., Inc. Redfish Rental, Inc.

Big Friendly Marine, LLC Huval’s Trucking, Inc. Regional Fabricators, Inc.

Commerical Coating Sytems, Inc. Iberia Aggregates & Construction Rental Equipment Xchange, Inc.

C & H Trucking, LLC Iberia Industrial & Marine Supply Sea Shell & Limestone Co.

C&S Safety Systems of Louisiana, LLC Iberia Marine Services, Inc. Smith Paint Services

Cal Dive International, Inc. Integra Technologies Sonny Greer Construction

Cameron Solutions, Inc. J.I.G. Machine Works Southern Fiberglass Repair, LLC

Career Training Center LBC Port, LLC SPT Energy Group

Central Gulf Shipyard, LLC LeBlanc Marine, LLC Superior Derrick Service, LLC

Chart Energy & Chemicals, Inc. Lonestar Corrosion Superior Energy Services, LLC

Coastal Bridge Company, LLC Louisiana Machinery Co., LLC Taylor Tool and Supply

Coastal Crew Change M. A. Patout & Son, Ltd. Thibodeaux & Son Scrapyard

Coastal Drilling Mammoet USA South, Inc. Ultra Sales Association, Inc

Coastal Timbers, Inc. Marine Industrial Fabrication, Inc. Vermilion Shell & Limestone Co., Inc.

D&J Construction Company Miguez Fuel, Inc. Vibration Technology, Inc.

Dale McAnally, Inc. Nabors Offshore Corporation Voorhies Supply Co., Inc.

Danos NOV WC Lanie & Sons

Delta Rigging & Tools Oceaneering Inspection Wind Energy Systems Technology, Inc.

Diamond B Construction Co., LLC OMI Environmental Solutions Wyatt Compressor Service, Inc.

Diamond B Industries, LLC Omega Natchiq, Inc.

PORT OF IBERIA TENANTS

P.O. Box 9986, New Iberia, LA 70562-9986Phone (337) 364-1065 • Fax (337) 364-3136

E-mail: [email protected] • www.portofiberia.com

Craig F. Romero, Executive Director

DIRECTORY MAP

Revised 02/2015

PORT OF IBERIA TENANT MAP

PORT OF IBERIAThe Port of Iberia is a 3,500 acre industrial and manufacturing site surrounding a man-made port complex. The port has access to the Gulf Intra-coastal Waterway and the Gulf of Mexico through its own Commercial Canal and has access to the Mississippi River through major ports in Ba-ton Rouge and New Orleans. Home to over 100 companies with over 5,000 employees involved in oil and gas fabrication and production, materials handling, and marine services, the Port of Iberia’s productive workforce is known worldwide.

The port also features true intermodal transportation: the fu-ture corridor of Interstate 49 is less than one mile away, the L&D railroad is on-site, the AGMAC channel will provide direct unimpeded access to the Gulf and the Acadiana Regional Air-port’s 8,000 foot fully-instrumented concrete runway is within three miles

The Port of Iberia itself has expanded its waterfront property and completed new bulkheading and dredging projects. Fur-thermore, with work completed on the 53-mile Acadiana Gulf of Mexico Access Channel, the Port of Iberia is well-positioned geographically and strategically to cater to the 10 to 12,000 ton market that will dominate exploration past 500 meters. “The port connects the dots to prosperity for the people in this area more than any other industry,” says Executive Director Craig Romero. More than 100 companies at the port have a combined annual payroll of $330 million, and the possibilities are unlimited when considering existing industrial facilities, the constant flow of raw materials and a multi-million dollar public dock facility.

PORT OF IBERIA GROWTH AND EXPANSION Dynamic Industries, Inc., a leading fabrication and service provider to the global oil, gas and energy industries, was recently awarded a contract to supply fabricated and assembled pipe rack modules for Sasol’s ethane cracker and derivatives complex near Lake Charles. Dynamic Industries also received a fabrication contract for a significant deep water project from one of the world’s largest energy companies. Dynamic’s scope will include the fabrication of a number of modules for a deep water platform and various other packages over the next 24 months in support of this world-class deep water discovery in the Gulf of Mexico. These contracts will significantly increase local job opportunities. Employment for these two projects will peak at 500 during the next two years.

Logan Industries chose the Port of Iberia to ex-pand their business be-cause of its proximity to the Gulf of Mexico. Logan provides a wide range of products and services to the oil & gas construction, drilling, production and sup-port/diving industries worldwide. According to Patrick Vilyus, Busi-ness Development, their company has adapted to the change in the industry by spe-cializing in deep water interventions and pro-duction. He said they will store its equipment

in a 30,000 square foot facility on 10.6 acres. Logan generated 150 jobs in Hempstead, Texas where they are based. Their goal is to rep-licate what they have in Hempstead at the Port of Iberia location and generate approximately 300 jobs, in addition to the construction jobs to build the facility. Logan Industries is a member of Doedjins Group International.

The Bayou Companies has begun construction on a $14 million expan-sion at the Port of Iberia. The 56,000 square foot pipe coating facility will provide anti-corrosion coating for deep water pipelines in the Gulf of Mexico. It can potentially generate approximately $500 million in revenue and a $39 million economic impact. The Bayou Companies have been located at the Port of Iberia since the late 1950s. Their long-standing commitment to the Port and Iberia Parish helped se-cure $1.5 million in TIF (Tax Increment Finance) funds for overall infra-structure improvements. David Taldo, Director of Operations for Bayou Companies said he hopes to rehire those who have lost their jobs in this downturn. New employees would be trained specifically for pipe coating. Construction should be completed by mid-2016. Iberia Parish Government was instrumental in deciding to earmark $1.5 million for The Bayou Companies’ expansion.

Ram Design has leased 18 acres at the Port of Iberia. The Port will invest $3 million for land improvements and construction of a facility. Ram Design, a consulting and inspection company is a leader in auto-mated internal high speed corrosion mapping to drilling and production risers.

PORT OF IBERIA FACTS • Sea Level - Most of the property at the Port of Iberia is 5-7 feet

above sea level.

• Tenants - Over 100 industries are located and operating at the Port of Iberia.

• Payroll - Current total annual payroll at the Port of Iberia is in excess of $300 million.

• Employees - More than 5,000 employees are working as weld-ers, pipefitters, mechanics, managers, secretaries, program-mers, accountants, and other occupations at the Port of Iberia.

• Retail Sales - Activities at the Port of Iberia annually generate $1.4 billion in economic impact.

• Tonnage - Import/Export tonnage at the Port of Iberia includes a wide diversity of products and commodities; gas and oil pipe and supplies, agricultural products, fabrication, limestone and aggregates, steel, bulk concrete, barge and vessel construc-tion, and containerized cargo.

• Acreage - Total acreage under development at the Port of Iberia is in excess of 3,500 acres.

• Available Land - Over 1,500 acres of undeveloped land are available at the Port of Iberia and adjacent property.

• Water Frontage - There are 19 miles of developed water frontage at the Port of Iberia.

• Port Channel - The Port Channel measures 8 miles in length from the main entrance of the Port to the Gulf Intracoastal Wa-terway. This waterway provides access to the Gulf of Mexico as well as the entire nation. Its depth is 13 feet. Its width is a minimum of 125 feet at the bottom and a minimum of 200 feet at the surface.

• Acadiana Navigational Channel (ANC) - The Acadiana Navigational Channel measures 16 miles in length from Gulf Intracoastal Waterway across Vermilion Bay to the Gulf of Mexico. Its depth is 9 feet. Its width is 150 feet at the bottom and 200 feet at the surface.

• Acadiana Gulf of Mexico Access Channel (AGMAC) - The AG-MAC is 50 miles in length from the Port of Iberia to the Gulf of Mexico. Its depth is 20 feet. Its width is 150 feet at the bottom and 250 feet at the surface.

• Road - Over 15 miles of roadways access the Port of Iberia. The main thoroughfares are hard-surface, asphalt roads. Long-range plans are for new roads, for additional access roads, and for four-lane thoroughfares in and out of the Port, including access to future Interstate 49 corridor.

• Rail - The total rail frontage at the Port of Iberia is 2 miles.

• Utilities - Natural gas, water and sewerage.

• Bulkhead- There are 3 miles of loadout bulkheads at the Port of Iberia.

• Public Dock Facility - The Public Dock facilities offer both long-term and short-term docking services. Facilities include 3,000 linear feet of bulkhead load-out area, stabilized yard, electric power, water, security lighting and fencing, restrooms, and parking.

• Marina - The Port of Iberia offers 22 boat slips, both covered and uncovered for recreational and commercial vessels. Short-term moorings are also available.

• Proposed Cruise Ship - The Port of Iberia is currently the Port of Call to two cruise ships and is expanding with a proposed Cruise Ship Terminal

ACADIANAAcadiana, also called the Cajun Heartland, is a 5,007-square-mile region in south central Louisiana made up of seven parishes (Acadia, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermilion.) in south central Louisiana and is the fastest growing region of the state. Acadiana, a region steeped in unique traditions and heritage, offers a rich and diverse culture, a quality of life second to none, a pro-business attitude, and the infrastructure to support it. With a population of over half a million people, Acadiana offers a world class work forces that caters to a dynamic and diversified community that appeals to all businesses.

The heart of Acadiana lies at the intersection of Interstates 10 and 49. The region has commercial and industrial airports, port facilities, and railways throughout the region. Acadiana is comprised of a diverse economic base of both domestic and internationally based companies, including advanced manufacturing, aviation, health care, oil and gas, tourism, and technology/support services.

The people of Acadiana, our most valuable resource, represent a dependable and hardworking labor force. Extensive educational opportunities are available throughout the region, including a 4-year research intensive university - University of Louisiana Lafayette, a two year university - LSU Eunice, and South Louisiana Community college - a comprehensive, eight campus institution offering technical programs and workforce training in addition to degree programs.

The Acadiana region is home to a diverse and modern economy, including aviation, agriculture, fabrication, advanced manufacturing, oil & gas services and production, healthcare, food processing, tourism, and a cultural and artistic identity that can be found nowhere else.

IBERIA PARISHLocated between Houston and New Orleans along the Louisiana Gulf Coast, Iberia Parish is committed to recruiting new and expanding businesses as well as supporting the success of existing businesses. Iberia Parsh offers prime water, air, rail and road access that can connect businesses to both national and international markets. Iberia parishes pro-business community, abundant workforce and education opportunities are well catered to a growing list of companies who call the area home.

NEW IBERIA, LANew Iberia is a city in southcentral Louisiana, 30 miles southeast of Lafayette, with a population of 30,808, and is part of the Lafayette – Acadiana Combined Statistical Area. Major industries in New Iberia include sugarcane production, salt mining, and the making of Tabasco sauce. The three M.A. Patout & Sons sugarcane refineries produce approximately 4,600,000 tons of cane annually. The 2,200 acre, Avery Island salt dome is located 5 miles outside of the city. Akzo Salt Mine, Inc. and Morton Salt Company maintain significant operations in Iberia Parish. The McIlhenny Tabasco Sauce plant is located just outside of New Iberia in Avery Island. This plant produces as much as 720,000 bottles of Tabasco sauce per day. Additional major em-ployers in New Iberia include The Bayou Companies, Universal Fabricators, Cardinal Services Oilfield Services , Iberia Medical Center, Land Coast Insulation, Inc., Bruce Foods Corporation, and Aviation Exterior of Louisiana, Inc.

TRANSPORTATIONMILES TO...

Atlanta, GA 607Baton Rouge, LA 68Biloxi, MS 216Birmingham, AL 440Dallas, TX 418Houston, TX 240Jackson, MS 252Jacksonville, FL 678Memphis, TN 465Mobile, AL 268New Orleans, LA 146Oklahoma City, OK 637San Antonio, TX 416

ACADIAN REGIONAL AIRPORTAcadiana Regional Airport is a fully-certificated General Aviation Airport featuring an 8,002-foot long, 200-foot wide lighted concrete runway and fully instrumented airfield, strategically situated between the major markets of Houston and New Orleans. The Airport Industrial Park offers land to expand, with 1,200 acres available for development, including prime runway and taxiway frontage.

Acadiana Regional Airport is home to more than 50 companies and 1,750 employees, including the world’s largest provider of helicopter services with Air Logistics, a Bristow Company, Aggreko, the global leader in the rental of power, temperature control and oil-free compressed air systems and AvEx, the world’s leader in aviation exterior painting.

Located just north of U.S. Highway 90 (the future Interstate 49 corridor) and just south of Louisiana Highway 182, the airport also features direct rail access, a 5,000-foot lighted water runway for amphibious aircraft, and a rail-to-truck off loading facility. The airport’s close proximity to the Port of Iberia and its 13-foot-deep main navigation channel spotlights the intermodal transportation available.

• Total airport complex over 2,325 acres with 125 acres of industrial park and a planned expansion to include another 200 acres.

• Over 50 industries, 1,750 employees are located and operating at the Acadiana Regional Airport.

• Featuring an 8,002 ft. concrete runway and a 5,000 ft. water runway for amphibious aircraft.

• Direct rail link, serviced by Louisiana Delta Railroad.• Intermodal – rail to truck off loading facility.• 100,000 air operations per year.

LAFAYETTE REGIONAL AIRPORTThe nearest commercial airport is the Lafayette Regional Airport. Air services are provided by Atlantic Southeast (Delta), Continental Express and Northwest Airlink. Atlantic Southeast has two (2) flights to Atlanta daily, while Continental Express flies to Houston eight (8) times daily. Northwest Airlink has three (3) daily flights to Memphis.

MOTOR FREIGHT:

Iberia Parish is located approximately 16 miles from the intersection of I-10 and I-49. There are an abundant supply of freight carriers including FedEx, UPS, SAIA, Roadway, ABF Freight Systems, American Freightways, Dupre Transport, Yellow Freight Systems, and many others.

RAILWAYS THAT SERVE IBERIA PARISH:

• Burlington Northern and Santa Fe Railway Co.

• Louisiana & Delta Railroad, Inc. (L&D)

• Union Pacific• Amtrak

PROPERTY SUMMARY

Property Location6005 Port RoadNew Iberia, Iberia Parish, Louisiana, 70560

Parcel Numbers 01052619900105261990A01052620000105264000

Property Type IndustrialYear Built 1973 – 1978Year Renovated 2006Number of Structures EightNumber of Stories OneGross Building Area 293,141 SFAcres 106.72 AcresClear Height 30 – 85 feetGrade Level Overhead Doors Four

FoundationContinuous 6" to 8’ slab reinforced with steel rebar and reinforced concrete footings

Exterior Metal panels Roof Pitched metal (insulated)Loading Grade loading at all buildings

Overhead DoorsThe building has chain operated or sliding doors

Louisiana offers a broad range of business incentives including tax abatements, enterprise zones and financing assistance. Local economic development entities will provide assistance in research-ing and assisting with the application process for every incentive available and applicable to your business.

CORPORATE JOBS TAX CREDIT

• A one-time tax credit ranging from $100 to $225 for each net new permanent job

• The credits may be used to satisfy state corporate income tax obligations

• The Program is offered to most industries, however it is not offered in conjunction with the Enterprise Zone program nor the Industrial Tax Exemption Program

ENTERPRISE ZONE

• Qualifying businesses are eligible for a one-time tax credit for $2,500 ($5,000 for SIC 3720 aircraft & parts or 3760 guided missiles & space vehicles & parts, or NAICS 3363) for each net new permanent job created during the first five years of the project

• Workforce must increase by 10% within the first 12 months OR create 5 new jobs within the first 24 months of the project start date

• Businesses do not have to be located in and employees do not have to reside in Enterprise Zones to qualify

• Tax credit may be used to satisfy state income tax or state franchise tax obligations.

• Businesses are also eligible for a rebate of state sales taxes on non-consumable materials used to construct/expand the business and machinery/equipment purchased during the construction period; the machinery must be used exclusively on site, in that specific business operation

FREEPORT LAW

• Permits most manufacturers to bring raw materials into the state without having to pay a tax on them until after they have been placed in the manufacturing process.

• Cargoes in transit are exempt from taxation as long as they are kept intact within their smallest original shipping container.

• Louisiana ports and distribution facilities are also eligible for Freeport Law exemptions.

DEEPWATER DRILLING RIG REPAIR, RENOVATION AND CONVERSION SALES TAX EXEMPTION

• Deepwater drilling rigs (for use outside the territorial limits of the state in Outer Continental Shelf waters), are exempt from State and local sales and use taxes during repair, renovation or conversion.

• Sales tax exemption applies to labor, sale of materials, services and supplies used during the period the rig is located at a Louisiana facility located in Iberia Parish for repair, renovation or conversion work.

QUALITY JOBS PROGRAM

• Offers qualifying employers a credit that can be applied toward Louisiana corporation (and personal) income tax and corporate franchise tax liabilities.

• Also eligible for state sales/use tax rebate on materials purchased for new infrastructure

• The amount of the annually refundable credits based on a new benefit rate that can be up to 6% of the employers’ gross payroll (annual) for new jobs created.

• Employers with 50 or more employees must create a minimum of 5 new direct jobs and have a minimum of $500,000 in gross annual payroll for new direct jobs.

• Employers with less than 50 employees must create 5 new direct jobs and have a minimum of $250,000 in gross annual payroll for new direct jobs within 3 years of the effective date of the contract.

ANGEL INVESTOR TAX CREDIT

• Allows an accredited investor to receive refundable LA income or corporation franchise tax credits of up to 35% of the money invested in a business certified by LED as a LA Entrepreneurial Business

• Useful for early-stage investments in the Louisiana Entrepreneurial Business

INDUSTRIAL PROPERTY TAX EXEMPTION

• New and expanding manufacturing operations or expansions are eligible for exemption of property taxes on new construction or additions to existing buildings; the purchase of permanently fixed equipment and machinery is also included

• A business can take advantage of this program for a period of five years; there is a provision for the granting of a second five-year exemption

RESEARCH & DEVELOPMENT TAX CREDIT

• Encourages existing businesses with operating facilities in LA to establish or continue research and development activities within the state

• Taxpayers who employee fewer than 50 Louisiana residents can receive a credit of up to 40% of the apportioned amount of their expenditures.

• Taxpayers who receive certain federal grants can receive a credit of up to 40% of the receipts received.

• Taxpayers who claim the federal income tax credit for research activities can receive a credit of up to 20% of their apportioned increase in research activities or 25% of their apportioned federal credit, depending on the number of Louisiana resident employees.

TECHNOLOGY COMMERCIALIZATION CREDIT AND JOBS PROGRAM

• Provides a 40% refundable credit for companies that invest in the commercialization of LA technology

• Additional 6% payroll rebate for the creation of new, direct jobs • Qualifying research centers that develop LA technology to be

commercialized may be granted a refundable tax credit based on new jobs created

• Credits are granted for a period of no less than five years

RESTORATION TAX ABATEMENT

• Commercial property owners and homeowners who expand, restore, improve, or develop an existing structure in a qualifying district are eligible

• The program grants a five-year deferred assessment of the ad valorem property taxes assessed on renovations and improvements

INVENTORY TAX PROGRAM

• Businesses will receive state tax credits for local property taxes paid on inventories

• The credits can be used to satisfy their state income and corporate franchise taxes

MODERNIZATION TAX CREDIT

• Provides a 5% refundable state tax credit for manufacturers making capital investments to modernize or upgrade existing facilities in Louisiana.

• Provides a one-time 5% refundable state tax credit on capital expenditures taken over a five-year period (1% per year for five years) for manufacturers making qualified capital investments of at least $5 million.

• To qualify for the program, a company must meet one of the following criteria: 1. Modernization helps improve entire facility’s or specific

unit’s efficiency by greater than 10% or 2. The facility is in competition for capital expenditures within

a company’s established, competitive capital expenditure budget plan

TAXESCORPORATE FRANCHISE TAX

• This state tax is levied annually at the rate of $1.50 per $1,000 on the first $300,000 of capital stock, surplus, undivided profits and borrowed capital employed in Louisiana

• The rate is $3.00 per $1,000 after the first $300,000 • The minimum tax is $10.00 per year; waver of the corporate

franchise tax is allowed under certain incentive programs

CORPORATE INCOME TAX

• Tax ranges from 4% to 8% of the net taxable income • The effective rate of taxation is somewhat less because federal

income taxes are deductible in computing net taxable income•

PROPERTY TAX

• There is no state property tax in Louisiana • The property tax millage in the Acadiana region ranges from 37

to 105 mills depending on where the property lies within each parish

SALES TAX

• Sales tax is levied on the retail sale of personal property, goods used or stored for use in Louisiana and on leases and rentals of tangible personal property and certain services

• Louisiana state sales tax is 4% • Local sales tax within Acadiana ranges from 3.25% - 4.25%

6005 Port Rd

Lafayette

Baton Rouge

New Orleans

New Iberia

90

71

71

90

90

90

167

190190

49

10

10

10 1055

12

Zane MarcellVice President(214) [email protected]

Dustin VolzSenior Vice President(214) [email protected]

Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the

information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has

signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2015. Jones Lang LaSalle. All rights reserved.

Dr. Walter KemmsiesManaging Director, Economist and Chief Strategist(443) 451-2607 [email protected]

SALES CONTACTS

JLL PORTS, AIRPORTS AND GLOBAL INFRASTRUCTURE (PAGI) CONTACTS

Richard E Juge, CCIM, SIORPresident(504) [email protected] Severn Ave. Suite 200Metairie, LA 70002

Martin O. Miller III, CCIMSenior Vice President(504) [email protected] Severn Ave. Suite 200Metairie, LA 70002

RE/MAX Commercial Brokers, Inc.Each Office Independently Owned and Operated Licensed in LA & MS

LOCAL MARKET EXPERTS

Erin D. CorrieSenior Associate(757) [email protected]