Investment Property Offering

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Investment Property Offering"

Transcription

1 Investment Property Offering The Slope Apartments Stable market area with strong population and employment growth Value add opportunity with loss to lease below market rents Strong market demand with easy access to schools, shopping facilities and located on public bus line Sponsored By: PETER HITCHENS Senior Investment Advisor Each office is independently owned and operated. RE/MAX EXECUTIVE - COMMERCIAL DIVISION 2901 Coltsgate Road Charlotte, NC Each office independently owned and operated

2 S E C T I O N I C h a r l o t t e A p a r t m e n t M a r k e t

3 Charlotte s growing economy has made it an attractive destination for young professionals, increasing apartment demand and encouraging development and rent growth. Employers are expanding their footprints across the metro, pushing total employment well beyond the pre-recession peak. The strong job market is attracting millennials and families to the metro, pushing up demand. Young adults between 20 and 34 years old are the largest renters group, and in Charlotte, this demographic segment is expected to increase 2.1 percent this year, more than five times the national average. Though the construction pipeline is going to slow significantly from last year s accelerated pace, three years of elevated completion volumes will push up vacancy into the low-5 percent range. The rise in vacancy will be temporary as demand builds and new units are leased up throughout the year. Growing renter competition will enable operators to lift effective rents for the fifth year in a row. Long-term rent growth potential and lower yields than many other large markets along the East Coast will attract a large pool of investors to the Charlotte metro, creating intense competition for listings. Additionally, a low interest rate will provide buyers with sufficient leverage to make acquisitions, expanding investor demand. As the price gap between buyers and sellers narrows, transaction velocity will rise as more owners are drawn off the sidelines. An intense bidding environment for assets in desirable locations will push yield-sensitive buyers to the suburbs where first-year returns can exceed 7 percent. Institutional buyers are targeting best-in-class assets in Uptown, which can trade in the low- to mid-5 percent range. Marcus & Millichap 2015 Charlotte Apartment Research Report

4 S E C T I O N I I P r o p e r t y O v e r v i e w

5 PROPERTY DESCRIPTION The Slope Apartments are well located near the major corridors of Eastway Drive and Central Avenue approximately 4 miles east of Downtown Charlotte. Residents enjoy a quite setting near Kilborne Public Park and added security within a gated community. Units within The Slope are among the largest in the market which make them attractive to tenants. The Slope features 15 detached, two story buildings consisting of 8 to 24 units each. The unit mix is (102) 1 bedroom units and (24) 2 bedroom units. There is an on-site laundry facility with coin operated machines. Also, amenities include swimming pool, tennis court, basketball court, clubhouse and volleyball area. All units are full electric with tenant paying for electrical utilities. Water, sewer, sanitation and recycle are included in the rent. Leasing agent is onsite and complex offers 24-hour emergency maintenance. P. 5 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

6 PROPERTY PHOTOS The Slope Apartments Exterior Photos P. 6 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

7 MAPS AND AERIALS P. 7 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

8 MAPS AND AERIALS The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. P. 8

9 7/16/2015 Population for 1 Mile Radius 2205 Kilborne Dr, Charlotte, NC Population 1 Mile 3 Mile 5 Mile 2015 Total Population: 14, , , Population: 16, , ,703 Pop Growth : 10.69% 11.80% 11.73% Average Age: Households 2015 Total Households: 5,698 48, ,425 HH Growth : 10.46% 11.78% 11.89% Median Household Inc: $32,318 $34,223 $41,748 Avg Household Size: Avg HH Vehicles: Housing Median Home Value: $128,678 $138,113 $159,423 Median Year Built: The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. P. 9

10 S E C T I O N I I I F i n a n c i a l O v e r v i e w

11 FINANCIAL SUMMARY UNIT MIX & ANNUAL SCHEDULED INCOME Type Units Actual Total Market Total 1 Bedroom/ 1 Bath 104 $7,200 $748,800 $7,500 $780,000 2 Bedroom/ 1 Bath 24 $8,400 $201,600 $9,000 $216,000 TOTALS 128 $950,400 $996,000 INVESTMENT SUMMARY Price: $5,500,000 Year Built: 1971 Units: 128 Price/Unit: $42,969 RSF: 107,200 Price/RSF: $51.31 ANNUALIZED INCOME Actual Market Gross Potential Rent $950,400 $996,000 Less: Vacancy ($66,528) ($49,800) Misc. Income $19,662 $24,000 Effective Gross Income $903,534 $970,200 Less: Expenses ($442,514) ($495,116) Net Operating Income $461,020 $475,084 Debt Service ($267,530) ($267,530) Net Cash Flow after Debt Service $193,490 $207,554 Principal Reduction $70,982 $70,982 Total Return $264,472 $278,536 Lot Size: 7.69 acres Floors: 2 Cap Rate: 8.38% Market Cap Rate: 8.64% GRM: 5.67 Market GRM: 5.39 FINANCING SUMMARY Loan Amount: $4,400,000 Down Payment: $1,100,000 Loan Type: Balloon Interest Rate: 4.5% Term: 10 years Monthly Payment: $22,294 DCR: 1.72 ANNUALIZED EXPENSES Actual Market Property Management Fee $36,141 $39,840 Replacement Reserves $32,000 $32,000 Payroll, Taxes, Benefits $40,366 $90,000 Advertising $4,200 $4,200 Building Insurance $32,000 $32,000 Pest Control $3,696 $3,800 Administrative $29,129 $27,800 Landscaping $13,907 $14,000 Repairs and Maintenance $18,754 $20,000 Taxes - Real Estate $53,076 $53,076 Utilities $122,371 $122,400 Unit Turns $56,874 $56,000 Total Expenses $442,514 $495,116 Expenses Per RSF $4.13 $4.62 Expenses Per Unit $3,457 $3,868 Market Rents were extracted from competing rentals in the area and from closed multifamily sales P. 11 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

12 OPERATING INCOME ANALYSIS $1,100,000 $990,000 $880,000 $770,000 $660,000 $550,000 $440,000 $330,000 $220,000 $110,000 Year Legend GROSS OPERATING INCOME NET OPERATING INCOME NET CASH FLOW (b/t) The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. P. 12

13 CUMULATIVE WEALTH ANALYSIS $8,000,000 $7,200,000 $6,400,000 $5,600,000 $4,800,000 $4,000,000 $3,200,000 $2,400,000 $1,600,000 $800,000 Year Legend Equity (loan reduction) Equity (appreciation) CASH FLOW (a/t) The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. P. 13

14 BIOGRAPHY PROFESSIONAL BIO Peter Hitchens has over 35 years of experience in commercial brokerage, property investment, development, construction, and property valuation. Peter specializes in multi-family properties in the Charlotte MSA. As a Charlotte native and entrepreneur, Peter started and developed three successful real estate companies with thousands of transactions valued over $7.4 Billion. He earned a BA in Economics from UNC Chapel Hill and has held a NC Real Estate Broker s license since 1981 and a NC General Contractor s license since P. 14 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Exclusive Offering Memorandum

Exclusive Offering Memorandum 135 West Wells Street, Suite 200 Milwaukee, WI 53203 www.prowesscommercial RealEstate.com Exclusive Offering Memorandum Presented By: Josh Manchester Direct: 414-899-3155 Josh.Manchester@ProwessCRE.com

More information

ABILENE APARTMENT PORTFOLIO PORTFOLIO

ABILENE APARTMENT PORTFOLIO PORTFOLIO COLONIAL APARTMENTS 36 s LANDMARK APARTMENTS 12 s RIDGECREST APARTMENTS 44 s INVESTMENT HIGHLIGHTS Investment Offering: Abilene Apartment Portfolio 6 Property Multifamily Offering ELMCREST APARTMENTS 30

More information

Investment Analyst Case Study Iron Bank Real Estate Investors The Lyric (215 10 th Ave E) Seattle-Tacoma-Bellevue Metro

Investment Analyst Case Study Iron Bank Real Estate Investors The Lyric (215 10 th Ave E) Seattle-Tacoma-Bellevue Metro Investment Analyst Case Study Iron Bank Real Estate Investors The Lyric (215 10 th Ave E) Seattle-Tacoma-Bellevue Metro OVERVIEW The Lyric ( Property ) is being offered for sale with an asking price of

More information

228 S. Mariposa Ave. Los Angeles, CA 90004

228 S. Mariposa Ave. Los Angeles, CA 90004 EXCLUSIVE MULTI-FAMILY OFFERING Derrick Vartanian Vice President Investments 310.774.3783 Derrick@mvpcre.comcom DRE# 01816119 Offered at $2,525,000 Property Description: MVPartners of KW Commercial is

More information

SILVER SAGE MOBILE HOME PARK

SILVER SAGE MOBILE HOME PARK PROPERTY HIGHLIGHTS Waterfront On Site Management Value Add Opportunity Private Dock Swimming Pool Easy access to Casinos and Resorts PRESENTED BY: Michael Misera Dennis Moore, CCIM Carrick Sears, CCIM,

More information

FRENCH QUARTER APARTMENTS

FRENCH QUARTER APARTMENTS FRENCH QUARTER APARTMENTS 927 SOUTH WEBSTER AVENUE ANAHEIM, CALIFORNIA WWW.CBRE.COM/927WEBSTER CAPITAL MARKETS INVESTMENT PROPERTIES CBRE CAPITAL MARKETS ORANGE COUNTY MULTIFAMILY INVESTMENT PROPERTIES

More information

Essex Manor Condos 813 IRMA AVENUE, ORLANDO, FL 32803. Property Highlights: Sixteen 1-Bed/1-Bath Luxury Units. Well-Maintained Property

Essex Manor Condos 813 IRMA AVENUE, ORLANDO, FL 32803. Property Highlights: Sixteen 1-Bed/1-Bath Luxury Units. Well-Maintained Property Essex Manor Condos 813 IRMA AVENUE, ORLANDO, FL 32803 Property Highlights: Sixteen 1-Bed/1-Bath Luxury Units Well-Maintained Property 3 Minutes from Interstate 4 CORPORATE OFFICE 3451 TECHNOLOGICAL AVENUE

More information

Chapter 38. Appraising Income Property INTRODUCTION

Chapter 38. Appraising Income Property INTRODUCTION Chapter 38 Appraising Income Property INTRODUCTION The income appraisal approach estimates the current market value for a real property by projecting and analyzing the income that the property could generate.

More information

TURNKEY 33 PROPERTY MULTIFAMILY PORTFOLIO

TURNKEY 33 PROPERTY MULTIFAMILY PORTFOLIO LE / FOR SALE / FOR SALE / FOR SALE / FOR SALE / FOR SALE / FOR SALE / FOR SALE / FOR SALE / FOR TURNKEY 33 PROPERTY MULTIFAMILY PORTFOLIO MILWAUKEE APARTMENT PORTFOLIO, MILWAUKEE, WI 1123 NORTH WATER

More information

INCOME APPROACH Gross Income Estimate - $198,000 Vacancy and Rent Loss - $9,900

INCOME APPROACH Gross Income Estimate - $198,000 Vacancy and Rent Loss - $9,900 INCOME APPROACH The Income Approach considers the return on Investment and is similar to the method that investors typically use to make their investment decisions. It is most directly applicable to income

More information

FOR SALE: TWO COMMERCIAL BUILDINGS

FOR SALE: TWO COMMERCIAL BUILDINGS FOR SALE: TWO COMMERCIAL BUILDINGS ON OVER 1/2 ACRE LOT WITH 150 OF FRONTAGE ON ANDREWS AVENUE 10 NW 40TH COURT 4047 N. ANDREWS AVE. ASKING PRICE: $549,000 4047 N. ANDREWS AVENUE (1,560 SF) 10 NW 40TH

More information

Hayward Apartments 2049 WEST HAYWARD AVENUE, PHOENIX, AZ 85021

Hayward Apartments 2049 WEST HAYWARD AVENUE, PHOENIX, AZ 85021 Hayward Apartments 2049 WEST HAYWARD AVENUE, PHOENIX, AZ 85021 For More Information Please Contact: www.orionmultifamilygroup.com Alon Shnitzer John Kobierowski Rue Bax Doug Lazovick Eddie Chang (480)

More information

Re/Max Acclaimed Realty Commercial Division Industry Specific Training Program

Re/Max Acclaimed Realty Commercial Division Industry Specific Training Program Re/Max Acclaimed Realty Industry Specific Training Program This course is meant to get brand new agents up to speed with the industry knowledge quickly. If a brand new agent completes this course within

More information

Dunkin' Donuts Bakery

Dunkin' Donuts Bakery OFFERING MEMORANDUM Dunkin' Donuts Bakery PUNTA GORDA, FL OFFERING MEMORANDUM KW COMMERCIAL 22 S. Links Ave., Ste. #204 Sarasota, FL 34236 PRESENTED BY: BRETT KAPLAN Senior Real Estate Investments Advisor

More information

MEDICAL OFFICE BUILDING 7255 N. Cedar Avenue Fresno, CA 93720 FOR SALE OR LEASE FOR SALE APPROVED SBA FINANCING

MEDICAL OFFICE BUILDING 7255 N. Cedar Avenue Fresno, CA 93720 FOR SALE OR LEASE FOR SALE APPROVED SBA FINANCING APPROVED SBA FINANCING FOR SALE FOR SALE OR LEASE 2014. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation You

More information

Build-to-Rent Program

Build-to-Rent Program About Greystone 1 Greystone is a single-family home builder that utilizes a solutions based approach to deliver the highest quality new construction rental properties with exceptional returns to the investor.

More information

Purchasing a Multi-Family Rental Building

Purchasing a Multi-Family Rental Building Purchasing a Multi-Family Rental Building New Construction vs. Older Existing There has been a lot of buzz in the Metro Vancouver real estate market regarding the construction of new rental apartment buildings

More information

Monterey Apartments GIBRALTAR st Ave West Seattle, WA FOR SALE - MULTI FAMILY INVESTMENT OFFERING MONTEREY APARTMENTS

Monterey Apartments GIBRALTAR st Ave West Seattle, WA FOR SALE - MULTI FAMILY INVESTMENT OFFERING MONTEREY APARTMENTS GIBRALTAR FOR SALE - MULTI FAMILY INVESTMENT MONTEREY APARTMENTS 21 UNIT QUEEN ANNE APARTMENT BUILDING plus PARKING LOT Monterey Apartments 622 1st Ave West Seattle, WA 98199 INVESTMENT For more information

More information

Owner-User / Office Investment. 850 Colorado Boulevard Los Angeles, CA 90041

Owner-User / Office Investment. 850 Colorado Boulevard Los Angeles, CA 90041 Joe Cooper Director of Investments 626-399-9008 joebcooper4@gmail.com DRE01320599 Kevin Hurley Managing Director 626-484-1897 khurley@kwcommercial.com DRE01237798 Huge Rental Upside with Improved Lease

More information

EXCLUSIVE SELF STORAGE OFFERING

EXCLUSIVE SELF STORAGE OFFERING ECLUSIVE SELF STORAGE OFFERING Freeway Visability Self Storage Los Angeles, CA. 966 Asking Price $5,, 538 Spaces + RV Storage >> A Class Asset/Building >> Good Signage >> Freeway Visability >> Easy Access

More information

Underwriting Commercial Loans

Underwriting Commercial Loans Underwriting Commercial Loans T he objective of this study is to understand the basic principles of underwriting for multifamily housing and commercial real estate loans. As a mortgage broker, real estate

More information

Leased Investment Opportunity

Leased Investment Opportunity R a w L a n d f o r S a l e 40 Mul family Leased Investment Opportunity 901-921 East 72nd Street; Tacoma, WA 98404 Investment Highlights * Built in 2015 * Individually metered u li es * Near schools, shopping,

More information

SELF STORAGE PORTFOLIO

SELF STORAGE PORTFOLIO FOR SALE INDUSTRIAL SELF STORAGE PORTFOLIO 5 Property Self Storage Portfolio Kewanee, IL 61443 PROPERTY HIGHLIGHTS 5 Sites 47,000 Net Rentable Sq Ft 300 Units Over 90% Occupancy Limited competition PRESENTED

More information

OFFERING MEMORANDUM. ALPINE APARTMENTS AND MINI STORAGE 45414 SE North Bend Way North Bend, WA

OFFERING MEMORANDUM. ALPINE APARTMENTS AND MINI STORAGE 45414 SE North Bend Way North Bend, WA OFFERING MEMORANDUM ALPINE APARTMENTS AND MINI STORAGE 45414 SE North Bend Way North Bend, WA OFFERING SUMMARY Name: Address: Alpine Apartments and Mini Storage 45414 SE North Bend Way North Bend WA 98045

More information

Adrian Apartments II

Adrian Apartments II Newly Renovated 14 units in the Heart of Atlanta 11% Cash on Cash Return Pool & Recreation Area Gated Community Presented by Sandford Realty Group Suite 1700 190 Peachtree St NW JS@SandfordRealtyGroup.com

More information

Tenure by Household Size - 2009

Tenure by Household Size - 2009 NEIGHBORHOOD APARTMENT MARKET ANALYSIS CITY OF CHICAGO Market Composition & Distribution The neighborhood apartment market consists of a range of properties developed from the early 1900s to more modern,

More information

The Knowledge Resource. First-Time Home Buyers FOR. Your Agent Is the Best Guide Save Time, Money, and Frustration

The Knowledge Resource. First-Time Home Buyers FOR. Your Agent Is the Best Guide Save Time, Money, and Frustration K N O W L E D G E I S P O W E R The Knowledge Resource FOR First-Time Home Buyers Your Agent Is the Best Guide Save Time, Money, and Frustration The Keys to Homeownership Unlock the American Dream Is Buying

More information

Peter, As the search for a property began, I had a few goals I wanted to accomplish with the property I would be purchasing: 1) Be located in a very

Peter, As the search for a property began, I had a few goals I wanted to accomplish with the property I would be purchasing: 1) Be located in a very Peter, As the search for a property began, I had a few goals I wanted to accomplish with the property I would be purchasing: 1) Be located in a very walkable neighborhood. 2) Have historical character,

More information

OFFICE MARKET ANALYSIS SUBURBAN CHICAGO. According to Costar Property, the Suburban Chicago office market is distributed as follows:

OFFICE MARKET ANALYSIS SUBURBAN CHICAGO. According to Costar Property, the Suburban Chicago office market is distributed as follows: OFFICE MARKET ANALYSIS SUBURBAN CHICAGO Market Composition & Distribution According to Costar Property, the Suburban Chicago office market is distributed as follows: Office Submarket Cluster Distribution

More information

GLENHAVEN APARTMENTS W Glendale Phoenix, AZ $669,000. Offered by Lloyd Kaipainen PC SJ Fowler Commercial

GLENHAVEN APARTMENTS W Glendale Phoenix, AZ $669,000. Offered by Lloyd Kaipainen PC SJ Fowler Commercial GLENHAVEN APARTMENTS 1744 W Glendale Phoenix, AZ 85021 $669,000 Offered by Lloyd Kaipainen PC SJ Fowler Commercial 18 U N I T S SJ Fowler Commercial/Investments 2200 E Camelback Road #110 Phoenix AZ 85016

More information

Second Floor Office Space Available in the Shops on Elm

Second Floor Office Space Available in the Shops on Elm Second Floor Office Space Available in the Shops on Elm 581-607 Elm Place SIZE SHARED OFFICE SPACES Deluxe Private Executive Office Space Available Shared Reception, Conference Room Storage & L E A S E

More information

Property Owner Property Management Services Presentation

Property Owner Property Management Services Presentation Property Owner Property Management Services Presentation York Real Estate A Division of Signature Associates Real Estate 1213 Culbreth Drive Suite 357 Wilmington, NC 28405 910-665-9795 www.yorkbrokers.com

More information

Well-maintained with new PVC roof in 2009, copper plumbing, double-paned vinyl windows

Well-maintained with new PVC roof in 2009, copper plumbing, double-paned vinyl windows BALLARD 5 LOCATION: 1727 NW 57th St, Seattle WA TOTAL UNITS: 5 BUILT: 199 SQUARE FEET: 4,003 Net Rentable PRICE: $1,495,000 COST PER UNIT: $299,000 COST PER FOOT: $373.49 Net Rentable (800 Avg SqFt) AVG

More information

Buffalo Wild Wings OFFERING MEMORANDUM TYLER, TX OFFERING MEMORANDUM. JAMES BRADY Director 904.716.2562

Buffalo Wild Wings OFFERING MEMORANDUM TYLER, TX OFFERING MEMORANDUM. JAMES BRADY Director 904.716.2562 OFFERING MEMORANDUM Buffalo Wild Wings TYLER, TX OFFERING MEMORANDUM KW COMMERCIAL 8702 Perimeter Park Blvd Jacksonville, FL 32216 PRESENTED BY: JAMES BRADY Director 904.716.2562 jim.brady@kwcommercial.com

More information

S DREXEL 20 UNITS S Drexel Ave Chicago, IL For more inofrmation, please contact:

S DREXEL 20 UNITS S Drexel Ave Chicago, IL For more inofrmation, please contact: 5135-41 S DREXEL 20 UNITS For more inofrmation, please contact: Commercial REALTOR kjrocio@atproperties.com IL 475.128895 Danny Logarakis Commercial REALTOR (312) 506-0428 dannyl@atproperties.com IL 475.165250

More information

Cliffside Apartments FOR SALE $2,250,000. Property Highlights. 720 North Wall Street l Salt Lake City l Utah l 84103

Cliffside Apartments FOR SALE $2,250,000. Property Highlights. 720 North Wall Street l Salt Lake City l Utah l 84103 FOR SALE $2,250,000 Property Highlights Located in the heart of Salt Lake City s Historic Marmalade District 27 Units 1 Bedroom and 2 Bedroom Townhome Floorplans Most Units Have Been Renovated Off-Street

More information

From Page 1 of form:

From Page 1 of form: The following instructions are provided to aid you in filling out the Income and Expense Questionnaire form for Office, Retail and Industrial properties. If you have any questions, please call our office

More information

COLLIERS INTERNATIONAL Multifamily Advisory Group Specialized Real Estate Investment Services. Accelerating success.

COLLIERS INTERNATIONAL Multifamily Advisory Group Specialized Real Estate Investment Services. Accelerating success. COLLIERS INTERNATIONAL Multifamily Advisory Group Specialized Real Estate Investment Services Accelerating success. This document has been prepared by Colliers International for advertising and general

More information

MIRAMONTE FOREST APARTMENTS 25 Howland Road Asheville, NC 28804

MIRAMONTE FOREST APARTMENTS 25 Howland Road Asheville, NC 28804 MIRAMONTE FOREST APARTMENTS 25 Howland Road Asheville, NC 28804 This 32 unit freehold is one of the finest in Asheville located on the high ground of the Grove Park area in North Asheville. These homes

More information

June 2013 Multifamily Market Rent Study PREPARED BY:

June 2013 Multifamily Market Rent Study PREPARED BY: Altamonte Springs, FL Multifamily Market Study June 2013 Multifamily Market Rent Study PREPARED BY: George Pjevach, Director, Multifamily Services +1 407 362 6135 george.pjevach@colliers.com Greg Wilson,

More information

SHORT SALE A 340-SITE MANUFACTURED HOME COMMUNITY INVESTMENT OPPORTUNITY QUAIL RUN. 33099 Willow Lane, Lenox Township,MI 48048 Price: $8,150,000

SHORT SALE A 340-SITE MANUFACTURED HOME COMMUNITY INVESTMENT OPPORTUNITY QUAIL RUN. 33099 Willow Lane, Lenox Township,MI 48048 Price: $8,150,000 SHORT SALE A 340-SITE MANUFACTURED HOME COMMUNITY INVESTMENT OPPORTUNITY QUAIL RUN 33099 Willow Lane, Lenox Township,MI 48048 Price: $8,150,000 F o r a v i d e o t o u r o f t h e p r o p e r t y, g o

More information

Real Estate Investement Details

Real Estate Investement Details Real Estate Investement Details PROPERTY Property: Property Address: REI Wise PURCHASE INFORMATION Property Type: Multi-Family Purhcase Price: $650,000 Fair Market Value: $650,000 Units: 8 Sq. Footage:

More information

DEUTSCHE ASSET & WEALTH MANAGEMENT REAL ESTATE OUTLOOK

DEUTSCHE ASSET & WEALTH MANAGEMENT REAL ESTATE OUTLOOK Research Report DEUTSCHE ASSET & WEALTH MANAGEMENT REAL ESTATE OUTLOOK Second Quarter 2013 Economic Outlook Business and consumer spending to drive recovery Quantitative easing beginning its expected unwinding

More information

From Page 1 of form:

From Page 1 of form: The following instructions are provided to aid you in filling out the Income and Expense Questionnaire form for Office, Retail and Industrial properties. If you have any questions, please call our office

More information

Property Report for. 3437 Peachtree Corners Circle. Norcross, GA 30092

Property Report for. 3437 Peachtree Corners Circle. Norcross, GA 30092 Property Report for 3437 Peachtree Corners Circle Norcross, GA 30092 Prepared by: The Carribean Group Real Estate Partnerships for the 21 st Century! Lorraine Carribean Ramus Carribean Broker REALTOR Direct:

More information

Investment Property Offering

Investment Property Offering Investment Property Offering A 128 Unit Apartment Complex Located in Phoenix, Arizona Bill Hahn Senior Vice President 602 222 5105 Direct 602 418 9578 Mobile bill.hahn@colliers.com Jeffrey Sherman Senior

More information

OFFERING MEMORANDUM 282 MOREWOOD AVE. - OFFICE A OFFICE INVESTMENT OPPORTUNITY 282 MOREWOOD AVENUE, PITTSBURGH, PA 15213 KEANE GEORGE

OFFERING MEMORANDUM 282 MOREWOOD AVE. - OFFICE A OFFICE INVESTMENT OPPORTUNITY 282 MOREWOOD AVENUE, PITTSBURGH, PA 15213 KEANE GEORGE KEANE GEORGE JASON CAMPAGNA A OFFICE INVESTMENT OPPORTUNITY 282 MOREWOOD AVE. - OFFICE 282 MOREWOOD AVENUE, PITTSBURGH, PA 15213 OFFERING MEMORANDUM KEANE GEORGE (T) 724.918.4425 keanegeorge@kw.com JASON

More information

Cash Flow Analysis Multi-Family Building For Sale Boston, Massachusetts 02215

Cash Flow Analysis Multi-Family Building For Sale Boston, Massachusetts 02215 Property Report Cash Flow Analysis Presented by: Pantheon Property Group 665 Beacon Street, Suite #305 Boston, Massachusetts 02131 Office: Mobile: (830) 660-5265 Data Analysis Provided by Pantheon Property

More information

Tab 2 - Multifamily Housing Core Underwriting Application

Tab 2 - Multifamily Housing Core Underwriting Application Tab 2 - Multifamily Housing Core Underwriting Application An Application is required to be completed for all Agency Multifamily programs. Be sure to complete all sections, answer all questions, and provide

More information

Multi-Family Investment Offering in Los Angeles

Multi-Family Investment Offering in Los Angeles Multi-Family Investment Offering in Los Angeles LOS ANGELES, CA 90016 Exclusively offered by Charles Dunn Company, Inc. Michel Hibbert Senior Managing Director (310) 996-2235 mhibbert@charlesdunn.com Lic.

More information

6. A home valued at $168,500 has just had a 70 percent mortgage loan placed on it. The interest rate is percent. The monthly payment is $1,292.2

6. A home valued at $168,500 has just had a 70 percent mortgage loan placed on it. The interest rate is percent. The monthly payment is $1,292.2 Name: Date: 1. Ten years ago, a family purchased a building lot for $26,500. They made no improvements during the time they owned the property. Recently, they sold it for $62,275. What was their percentage

More information

Entitled 51 UNIT MIXED USE LAND

Entitled 51 UNIT MIXED USE LAND OFFERING MEMORANDUM Entitled 51 UNIT MIXED USE LAND LOS ANGELES, CA OFFERING MEMORANDUM KW COMMERCIAL 1601 Pacific Coast Highway, Suite 265 Hermosa Beach, CA 90254 PRESENTED BY: HYTHUM KISWANI Senior Investment

More information

Renting vs. Owning a Home

Renting vs. Owning a Home 1.9.3.L1 Note taking guide Renting vs. Owning a Home Total Points Earned 30 Total Points Possible Percentage Name Date Class Housing is the largest personal expenditure Approximately of a person s income

More information

Multifamily Market Strengthens as Employers Add Workers

Multifamily Market Strengthens as Employers Add Workers Research & Forecast Report TUCSON METRO AREA MULTIFAMILY 2 Multifamily Market Strengthens as Employers Add Workers Key Takeaways > > Employment growth in Tucson closed 2 on an upswing. Approximately 5,6

More information

Stonegate Apartments. 4301 Stone Gate Boulevard Elkton, Maryland 260-Unit Value-Add Apartment Community

Stonegate Apartments. 4301 Stone Gate Boulevard Elkton, Maryland 260-Unit Value-Add Apartment Community Stonegate Apartments 4301 Stone Gate Boulevard Elkton, Maryland 260-Unit Value-Add Apartment Community The Opportunity Jones Lang LaSalle s Mid-Atlantic Multifamily Group, as exclusive agent, is pleased

More information

INVESTMENT PROPERTY OFFERING. POLK TERRACE APARTMENTS 338 NORTH 23RD STREET PHOENIX, ARIZONA 85006 www.orionprop.com

INVESTMENT PROPERTY OFFERING. POLK TERRACE APARTMENTS 338 NORTH 23RD STREET PHOENIX, ARIZONA 85006 www.orionprop.com v INVESTMENT PROPERTY OFFERING POLK TERRACE APARTMENTS 338 NORTH 23RD STREET PHOENIX, ARIZONA 85006 1 PROPERTY OFFERING Polk Terrace is a 30-unit apartment community, located in central Phoenix, Arizona.

More information

Charter Palms Apartments $3,200,000

Charter Palms Apartments $3,200,000 FOR SALE Charter Palms Apartments $3,200,000 1220 N 44TH STREET PHOENIX, AZ 85008 PRESENTED BY: David L. Cravath 480-342-9888: office 602-625-3399: cell david@phxone.net CHARTER PALMS APARTMENTS 74 UNITS

More information

ALTA VISTA VILLAGE APARTMENTS 4510-4647 NORTH 39 TH AVENUE, PHOENIX, AZ

ALTA VISTA VILLAGE APARTMENTS 4510-4647 NORTH 39 TH AVENUE, PHOENIX, AZ ALTA VISTA VILLAGE APARTMENTS 4510-4647 NORTH 39 TH AVENUE, PHOENIX, AZ REPOSITIONING OPPORTUNITY CURRENTLY 22% PHYSICALLY OCCUPIED For More Information Please Contact: Orion Investment Real Estate l 7135

More information

The GRM does not include expenses such as property tax, insurance, operating costs, and vacancies.

The GRM does not include expenses such as property tax, insurance, operating costs, and vacancies. Common Real Estate Investment Formulas I. Introduction Many agents represent clients who are investors. These investor clients can vary from first time investors buying their first rental property to very

More information

3501 WATT AVENUE SACRAMENTO NET LEASED RETAIL INVESTMENT PRICE: $654,258 CAP RATE: 5.50% SACRAMENTO, CALIFORNIA OFFERING MEMORANDUM

3501 WATT AVENUE SACRAMENTO NET LEASED RETAIL INVESTMENT PRICE: $654,258 CAP RATE: 5.50% SACRAMENTO, CALIFORNIA OFFERING MEMORANDUM PRICE: $654,258 CAP RATE: 5.50% SACRAMENTO NET LEASED RETAIL INVESTMENT 3501 WATT AVENUE SACRAMENTO, CALIFORNIA STUART WRIGHT Investment Properties Lic. 01451087 T +1 916 446 8206 stuart.wright@cbre.com

More information

Application for Real Estate Financing Construction and Permanent

Application for Real Estate Financing Construction and Permanent 1224 Race Street, Cincinnati, OH 45202 (513) 721-7211 Fax (513) 721-7214 www.cindevfund.org Note: Please use the Save As feature to save a version of this application to your computer or local server.

More information

6 Units - Clearwater

6 Units - Clearwater 6 Units - Clearwater For more information contact: Brad Carter, CCIM 727-481-6842 bdcarter@tampabay.rr.com Phone: 727-481-6842 9225 Ulmerton Rd. Suite P Largo, FL 33771 www.tip-properties.com Real Estate

More information

Canyon View Development

Canyon View Development Canyon View Development Cottonwood Heights, UT BN Development Development Proposal February 17, 2013 Points of Interest: Total Cost: $36.6 Million Cost per Unit: $112 Thousand Stabilized Value: $44.4 Million

More information

Property Investor Handbook

Property Investor Handbook Property Investor Handbook Welcome Whether you are one of the 1.7 million Australians who already own an investment property, or you are a first-time investor, this short guide will help you in making

More information

Sales Comps Sample Report

Sales Comps Sample Report Sample Report Comprehensive Coverage of Sales Transactions Reis s module allows you to identify similar transactions and filter your results by distance from the subject, sale price or price per square

More information

French Quarter Apartments 240 East 15th Street Edmond, Oklahoma 73013 59-Units

French Quarter Apartments 240 East 15th Street Edmond, Oklahoma 73013 59-Units Arkansas Oklahoma Kansas French Quarter Apartments 240 East 15th Street 73013 59-Units Mike Buhl CRRC-OKC 405.360.5966 buhl@crrc.us Darla Knight CRRC-Tulsa 918.557.5966 darla@crrc.us Over $700,000 in Recent

More information

PROJECT PROPOSAL Wyndham Hill Townhomes Frederick, Colorado. Project Overview. Market Conditions and Comparable Projects. Sales and Marketing

PROJECT PROPOSAL Wyndham Hill Townhomes Frederick, Colorado. Project Overview. Market Conditions and Comparable Projects. Sales and Marketing PROJECT PROPOSAL Wyndham Hill Townhomes Frederick, Colorado This project proposal is for the land development and construction of 63 Townhomes within the Wyndham Hill Master Planned Community located in

More information

A Closer Look: Our Mission-critical Targeted Affordable Housing Business

A Closer Look: Our Mission-critical Targeted Affordable Housing Business A Closer Look: Our Mission-critical Targeted Affordable Housing Business Freddie Mac Multifamily s commitment to promote rental housing affordability is rooted in our public mission and our DNA. The vast

More information

Major Expenditures Answer Key

Major Expenditures Answer Key Page 1 Major Expenditures Note Taking Guide 2.6.7.L1: Major Expenditures Answer Key Housing Renting a Home Two factors that can influence the price of housing are: Answers will vary but may include: 1.

More information

BUSINESS BRIEFING SELF STORAGE

BUSINESS BRIEFING SELF STORAGE BUSINESS BRIEFING VALUATION & ADVISORY A Cushman & Wakefield Valuation & Advisory Publication JANUARY 2015 SOLID YEAR AHEAD IN As we enter 2015, investors always ask about market expectations for the New

More information

TUSCANIA APARTMENTS. Residential Offering. www.venturainvestmentco.com. Price: $6,300,000.00. 35 Units Ventura, California

TUSCANIA APARTMENTS. Residential Offering. www.venturainvestmentco.com. Price: $6,300,000.00. 35 Units Ventura, California TUSCANIA APARTMENTS 35 Units, California Residential Offering Tuscania Apartments Price: $6,300,000.00 1601 Carmen Drive, Suite 100 Camarillo, California 93010 Phone: (805) 484-0477 Fax: (805) 388-8827

More information

HAWTHORN SUITES 11400 College Blvd Overland Park, KS 66210

HAWTHORN SUITES 11400 College Blvd Overland Park, KS 66210 HAWTHORN SUITES 11400 College Blvd Overland Park, KS 66210 A Hotel to Apartment Repositioning Opportunity in the Heart of Johnson County, KS DISCLOSURES, NOTICES AND CONFIDENTIALITY CBRE, Inc. operates

More information

Somerville Commons. Financial Analysis for Acquisition of a Multifamily Rental Project from a Bank s Real Estate Owned (REO) Portfolio

Somerville Commons. Financial Analysis for Acquisition of a Multifamily Rental Project from a Bank s Real Estate Owned (REO) Portfolio Somerville Commons Gerry Frank, a self-employed 44-year old registered architect in Boston, hit the Powerball lottery for an after tax payout of ten million dollars on April 1, 2011. The timing was fortuitous

More information

4-plex in Campbell $1,100, Wilton Dr. Campbell, Ca Unit Mix: (1) 3/2, (2) 2/1 and (1) 1/1.

4-plex in Campbell $1,100, Wilton Dr. Campbell, Ca Unit Mix: (1) 3/2, (2) 2/1 and (1) 1/1. 151 Wilton Dr. Campbell, Ca. Lowest Priced 4-plex In Campbell $1,100,000 4-plex in Campbell 151 Wilton Dr. Campbell, Ca. Unit Mix: (1) 3/2, (2) 2/1 and (1) 1/1 151 Wilton Dr. Campbell, Ca. Disclosures

More information

Boulder Plaza Apartments 1840 South Boulder Ave Tulsa, Oklahoma Units

Boulder Plaza Apartments 1840 South Boulder Ave Tulsa, Oklahoma Units Arkansas Oklahoma Kansas Boulder Plaza Apartments 1840 South Boulder Ave 74119 87-Units Mike Buhl CRRC-OKC 405.360.5966 buhl@crrc.us Darla Knight CRRC-Tulsa 918.557.5966 darla@crrc.us Price Reduced $225,000

More information

Daniel J. Flood Tower. A 210 Unit, 100% Project-Based Section 8 (HAP), Multi-Housing Community in Kingston (Wilkes-Barre), Pennsylvania

Daniel J. Flood Tower. A 210 Unit, 100% Project-Based Section 8 (HAP), Multi-Housing Community in Kingston (Wilkes-Barre), Pennsylvania Daniel J. Flood Tower A 210 Unit, 100% Project-Based Section 8 (HAP), Multi-Housing Community in Kingston (Wilkes-Barre), Pennsylvania The Offering Holliday Fenoglio Fowler, L.P. ( HFF ) is pleased to

More information

Call to improve your financial situation TODAY! What is your financial situation going to look like in 5 years... Our Mission

Call to improve your financial situation TODAY! What is your financial situation going to look like in 5 years... Our Mission OCG Properties, LLC Phone: 424. 757.4680 Fax: 310.347.4415 Email: invest@owenscg.com 1500 Rosecrans Avenue, Suite 500-406 Manhattan Beach, CA 90266 Web: www.ocgproperties.com What is your financial situation

More information

33 Unit Duplex & Triplex Package

33 Unit Duplex & Triplex Package Total Number of Units: 33 (2 Bedrooms / 1 Bath) Number of Buildings: 14 (5 Triplexes & 9 Duplexes) Total SF: 24,296 (Tax Data) Average Unit Size: 726 SF Land: 3.31 Acres (Tax Data) Year Built: 1947 & 1962

More information

Before you develop or acquire a property, you must know how big it is size is the key metric for real estate.

Before you develop or acquire a property, you must know how big it is size is the key metric for real estate. Real Estate Development Key Terms If you want to understand real estate development, you need to know the key terms used to describe properties whether you re developing the properties from the ground

More information

Riverdale Park Townhomes Exclusive Land Offering NEC Jasmine St. & E. 128th Ave Jasmine St. Thornton, Colorado 80602

Riverdale Park Townhomes Exclusive Land Offering NEC Jasmine St. & E. 128th Ave Jasmine St. Thornton, Colorado 80602 Townhomes Exclusive Land Offering NEC Jasmine St. & E. 128th Ave. 12862 Jasmine St. Thornton, Colorado 80602 Aaron Foy 1225 17th Street, Ste. 1800 Denver, CO 80202 ph: 303.328.2056 f: 303.328.2010 Broker

More information

PECOS & RUSSELL COMMERCIAL 3380 E Russell Road, Las Vegas, NV

PECOS & RUSSELL COMMERCIAL 3380 E Russell Road, Las Vegas, NV PECOS & RUSSELL COMMERCIAL 3380 E Russell Road, Las Vegas, NV OFFERING MEMORANDUM C SQUARED REAL ESTATE SERVICES, LLC 7251 LINDELL ROAD, SUITE D, LAS VEGAS, NV 89103 (O) 702.938.4241 (F) 702.425.5606 www.c2lasvegas.com

More information

For the non real estate professional

For the non real estate professional For the non real estate professional An introductory case study of the building of a Transit Oriented Development Views from For Profit vs. Non-Profit Developers For Profit Developer Non-Profit Developer

More information

Final Memo. To: Daniel Rowe From: Blair Howe, Michael George Date: August 15, 2014

Final Memo. To: Daniel Rowe From: Blair Howe, Michael George Date: August 15, 2014 Final Memo To: Daniel Rowe From: Blair Howe, Michael George Date: August 15, 2014 RE: Right Sized Parking - Parking Costs and Operating Expense Estimates INTRODUCTION The purpose of this assignment is

More information

CONTINENTAL CROSSING MARKETPLACE MARANA, ARIZONA. Retail Center Space Available at $1.25/SF/NNN FOR LEASE

CONTINENTAL CROSSING MARKETPLACE MARANA, ARIZONA. Retail Center Space Available at $1.25/SF/NNN FOR LEASE CONTINENTAL CROSSING MARKETPLACE MARANA, ARIZONA FOR LEASE Retail Center Space Available at $1.25/SF/NNN Page 1 RETAIL SPACE OPPORTUNITY FOR LEASE Continental Crossing Marketplace Location: Northwest Corner

More information

BANK UNITED GROUND LEASE 2495 S. Orange Ave Orlando, FL

BANK UNITED GROUND LEASE 2495 S. Orange Ave Orlando, FL CONTACT: Erik Nelson 407-650-3667 erik.nelson@nnnreit.com BANK UNITED GROUND LEASE 2495 S. Orange Ave Orlando, FL Investment Summary INVESTMENT OVERVIEW Investment Grade Tenant BankUnited (NYSE:BKU) 11+

More information

Americas Overview. Chris Ludeman President, Brokerage Americas

Americas Overview. Chris Ludeman President, Brokerage Americas Americas Overview Chris Ludeman President, Brokerage Americas Business Overview Platform and Structure 2007 Americas Revenue: $3.7 billion 4% 4% 1% Leasing Property/Facilities Management Sales 34% Appraisal

More information

Presented to: Presented by:

Presented to: Presented by: MIDYEAR UPDATE Commercial Real Estate & the Economy Presented to: Presented by: CBRE, INC. Michael Silver, SIOR First Vice President Industrial Brokerage Services July 25 th, 2013 July 2013: MARKET BUILDING

More information

TH AVENUE WEST, LYNNWOOD, WASHINGTON

TH AVENUE WEST, LYNNWOOD, WASHINGTON BROKER OPINION OF VALUE 6 th Street Townhomes 16503 6TH AVENUE WEST, LYNNWOOD, WASHINGTON DAVE SCHUMACHER Senior Vice President direct: 206 382 8555 mobile: 425 985 8528 Dave.Schumacher@Colliers.com DAVID

More information

DALLAS CENTRAL APPRAISAL DISTRICT DCAD VALUATION PROCESSES

DALLAS CENTRAL APPRAISAL DISTRICT DCAD VALUATION PROCESSES DALLAS CENTRAL APPRAISAL DISTRICT DCAD VALUATION PROCESSES DALLAS CENTRAL APPRAISAL DISTRICT PRESENTATION OVERVIEW The goals and objectives of this presentation is to provide Property Owner s an overview

More information

TD BANK S&P RATED AA- PRESTIGIOUS WINTER PARK VILLAGE LOCATION WINTER PARK, FLORIDA

TD BANK S&P RATED AA- PRESTIGIOUS WINTER PARK VILLAGE LOCATION WINTER PARK, FLORIDA LONG TERM ABSOLUTE NNN GROUND LEASE TD BANK S&P RATED AA- PRESTIGIOUS WINTER PARK VILLAGE LOCATION WINTER PARK, FLORIDA FREESTANDING SINGLE TENANT INVESTMENT PROPERTY Actual Property FOR MORE INFORMATION

More information

Sales Course. Math Review. Gold Coast School of Real Estate. Chapter 10

Sales Course. Math Review. Gold Coast School of Real Estate. Chapter 10 Sales Course Chapter 10 Math Review Gold Coast School of Real Estate 1 P 172-174 How many acres are in a tract identified as the N½, of the SE ¼, of the SW ¼, of the N½? 640 2 4 4 2 = 10 acres Copyright

More information

Due Diligence: Checklist

Due Diligence: Checklist HOWMANYDOORS S IMPLIFYING PROPERTY INVESTING Due Diligence: Checklist If you re ready to dive in then you need to make sure you ve covered your bases. If you think you can get rich without doing your homework

More information

Land Advisory Group Specialized Real Estate Services

Land Advisory Group Specialized Real Estate Services COLLIERS INTERNATIONAL Land Advisory Group Specialized Real Estate Services Accelerating success. Colliers International Land Advisory Group P. 1 This document has been prepared by Colliers International

More information

For Lease $19,500/Per Month

For Lease $19,500/Per Month Industrial Warehouse For Lease -10,000 SQFT 473 President Street, Brooklyn, NY Prepared by: For Lease $19,500/Per Month Coldwell Banker Reliable Commercial Division Office: (718)921-3100 Coldwell Banker

More information

Property Report : NW Washington DC Multi-Unit

Property Report : NW Washington DC Multi-Unit Property Report : NW Washington DC Multi-Unit Generated on: Dec 26, 2016 Author: Guest Page 1 of 11 Table of Contents Executive Summary 3 Property Description 4 Operational Effectivness 5 Financial Effectivness

More information

PARSON'S VILLAGE S. PARSONS AVE, SEFFNER, FL 33584

PARSON'S VILLAGE S. PARSONS AVE, SEFFNER, FL 33584 OFFERING MEMORANDUM PARSON'S VILLAGE S. PARSONS AVE, SEFFNER, FL 33584 RYAN SAMPSON, CCIM, ALC Principal D. 813.287.8787 x 4 M. 813.417.5928 Ryan@TheDirtDog.com Confidentiality & Disclaimer All materials

More information

COMMERCIAL REAL ESTATE INVESTING

COMMERCIAL REAL ESTATE INVESTING REDEFINING REAL ESTATE INVESTING CRE101: INTRODUCTION TO COMMERCIAL REAL ESTATE INVESTING COMMERCIAL REAL ESTATE INVESTING ABOUT REALCROWD RealCrowd is a private, secure and simple-to-use online platform

More information

Sales Velocity Surges as Rents Push Higher

Sales Velocity Surges as Rents Push Higher Research & Forecast Report GREATER PHOENIX MULTIFAMILY 2 Sales Velocity Surges as Push Higher Key Takeaways > > The Greater Phoenix multifamily market continued to improve in the fourth quarter, capping

More information

2013 Real Estate Report Portland, OR

2013 Real Estate Report Portland, OR Nick krautter, pc Principal Broker 2013 Real Estate Report Portland, OR Market Trends Unique Benefits Distressed Properties Positive Leverage Your real estate team Current Opportunities SellPDX.com Market

More information

FALLINGBROOK TOWNHOMES WARM SPRINGS AVENUE & EAST WALLING DRIVE BOISE, IDAHO

FALLINGBROOK TOWNHOMES WARM SPRINGS AVENUE & EAST WALLING DRIVE BOISE, IDAHO INVESTMENT OPPORTUNITY FALLINGBROOK TOWNHOMES WARM SPRINGS AVENUE & EAST WALLING DRIVE BOISE, IDAHO 48 TOWNHOMES 20 BUILT IN 2007 28 TOWNHOMES Completion, Spring 2016 FOR ADDITIONAL INFORMATION, PLEASE

More information