Below Market Rents: Uptown Loft’s max allowable rent increases for 2022 is an opportunity to push rents and increase net operating income.
Proximity to Downtown Lafayette: Tenants have immediate access to a highly desirable neighborhood within Lafayette that features an extensive list of bars, restaurants, boutiques, entertainment, and coffee shops.
Diverse Employment Base: Lafayette is home to a variety of companies across the Oil and Gas, Construction, Food Processing, Healthcare, Manufacturing, and Transportation industries. At least 9 companies employ over 1,000 employees including notable brands such as Frank’s International, Oceaneering International, Lafayette General Health, Stuller, Inc, Walmart, Waitr, and Island Operating.
Nearby University Louisiana Lafayette: Uptown Lofts is located less than 5 minutes from University of Louisiana Lafayette. With an enrollment of 16,225 and 3,476 jobs, Lafayette is the 2nd largest university in the state of Louisiana. The university has an economic impact of over $380 million across the state.
Additional Lafayette Job Announcements: Multiple companies have recently announced expansions in Lafayette including:
BROKER OF RECORD | WYATT GRAVES | LICENSE #BROK.72326-ACT
THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by The Kirkland Company (“Broker”), exclusive listing broker for the Property, and (“Buyer”) regarding the sale of the property known as Uptown Lofts (“Property”) located in Lafayette, Louisiana. The obligation of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owner.
BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. The Owner of the property has instructed Broker to deliver information concerning the Property, much of which is highly confidential, only to those potential purchasers who sign this Agreement. To receive an Offering Memorandum (“Offering Memorandum”) please read, sign and return this Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation.
THEREFORE, THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows:
In connection with your interest in a potential, negotiated acquisition of those certain properties listed in Exhibit A hereto (individually or collectively as the context may require, the “Property”) from [Seller] (individually or collectively as the context may require, the “Company”), you have requested certain information concerning the Property from the Company and its affiliates and its and their respective directors, officers, members, partners, employees, representatives, agents and/or advisors (including without limitation, attorneys, accountants, consultants and financial advisors) (individually or collectively as the context may require, the “Company’s Representatives”). In consideration of furnishing you with the Evaluation Material (as defined herein), the Company requests your agreement to the following: