lakeview towne square€¦ · sam ford [email protected] 228-424-8202 lakeview towne square...
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www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Lakeview Towne Square
Sale Price: $4,490,000
8.2% CAP Rate
• 35,412 SF • Multiple Tenants in Square • High Growth Area • Value Add Opportunity • Good Tenant Mix • Additional PAD Sites available • Cypress Lanes Bowling Alley NOT INCLUDED
3200 Mallett Road, D’Iberville, MS
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Locator Map
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Photos
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Photos
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
*For marketing purposes only. All information to be verified by purchaser.
Additional Sites Sold Separately
Shopping Center &
Vacant Land: $4,490,000
Pad Site 2: $740,000 |
Pad Site 3: $1,075,000 | 364.44’
Pad Site 4: $1,990,000
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Sold Separately 1.88 Acres $1,075,000
Sold Separately 1.13 Acres $740,000
Included in Sale 20,000 SF Building
site and parking
The 1.88 Acre Parcel and the 1.13 Acre Parcel are not included in the sale, but can be purchased separately. The 20,000 SF building site with parking is included in sale price Property outline is for marketing purposes only and should not be used for exact property line.
PAD Sites
*For marketing purposes only. All information to be verified by purchaser.
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
**Not drawn to scale. Image used for marketing purposes only. All information should be verified by purchaser.
Additional Information
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
**Not drawn to scale. Image used for marketing purposes only. All information should be verified by purchaser.
Additional Information
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Surrounding Businesses
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Tenant Name Lease Start Lease End SF Occupied Annual Rent Annual CAM Total Annual
Mullet Hop 5/15/2016 5/14/2021
15,000 2017 - $180,000 2018 - $195,000 2019 - $210,000 2020 - $225,000
$57,450 $237,450
Republic Finance 8/1/2014 7/31/2019 1,750 $24,500 $6,702 $31,196
Compass Imaging 3/5/2012 3/4/2017 *5 One Year Options
5,365 $58,196 $20,548 $79,649
Davita 6/1/2016 5/31/2026 4,200 $52,500 $16,086 $68,592
MS Asthma & Al-lergy Clinic
7/1/2016 7/31/2019 2,800 $39,200 $10,724 $49,928
Tailwaggers Salon
11/1/2015 4/30/2026 ** Rent In-creases
2,800 $36,400 ***Some free rent staggered
$10,724 $47,128
Totals $390,796 $122,234 $513,034
* Option 1 - $59,100; Option 2 - $60,780; Option 3 - $62,604; Option 4 - $64,476; Option 5 - $66,418 ** Month 1-30 - $3,033 per month; Month 31-62 - $3,266 per month; Month 63-94 - $3,500 per month; Month 95-126 - $3,733 per month; Option 1 (Month 127-163) - $3,966 per month; Option 2 (Month 164-200) - $4,200 per month *** Free Rent in Feb 2017, Sept 2017, April 2018 (CAM payable) Currently there are 3 vacancies in the center totaling 3,430 SF. Asking price is $13 per SF NNN or total of $44,590. Total Vacancy is 9.7%
Rent Roll
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Financials (2017)
Income
Actual Income $384,725 Includes free rent from Tailwaggers
CAM $146,570 (Includes CAM from Cypress Lanes after Sale)
Total Income $531,515
Expenses
CAM Alarm $2,964
CAM Electric $15,666
CAM Garbage $4,108
CAM Lawncare $9,600
CAM Insurance $25,000
CAM Management $12,000
CAM Phone $5,201
CAM Property Tax $76,000
CAM Repairs & Maintenance $4,800
CAM Water & Sewer $8,400
Total CAM $163,739
Net Income $367,776
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Survey
*For marketing purposes only. All information to be verified by purchaser.
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Zoning Map
*For marketing purposes only. All information to be verified by purchaser.
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
Elevation Map
*For marketing purposes only. All information to be verified by purchaser.
www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507
(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
ALFONSO REALTY, INC.
Sam Ford [email protected]
228-424-8202
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