offering memorandum north manchester ......of commercial real estate businesses including, but not...
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Part of the CBRE affiliate network
NORTH MANCHESTER RETAIL INVESTMENT408 WEST MAIN STREETNorth Manchester, IN 46962
OFFERING MEMORANDUM
Investment Opportunity/Net Lease
AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT
CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its
contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.
© 2018 Sturges, LLC. The information contained in this document has been obtained from sources believed reliable. While Sturges, LLC does not doubt its accuracy, Sturges, LLC has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
SALE INFORMATION
BUILDING DATA
Project Name:
Township: Zone:County:
North Manchester Retail Investment
Wabash Chester Out of County
Commercial Improved Sale/Lease Multi Tenant
Price:
Terms:
Address:
Cash at Closing
$698,750.00
For more information contact:
John Caffray
Brokerage Associate
260-424-8448
202 West Berry Street, Suite 800Fort Wayne, IN 46802-2248
260.424.8448888.548.8448 Toll Free260.420.1820 Faxwww.cbre.com/fortwayne
Main St. - 408 W.North Manchester, IN 46962
Expenses:
Total Area SF:
Vacant:
Largest Contiguous:
Availability:
Construction Type:
No. of Floors:
Roof:
Sprinklered:
Heating:
Cooling:
Security:
Restrooms:
Handicap Access:
High Speed Data:
8,400 SF
Immediate
Steel Joist/Steel Deck
1
Yes
Yes
No
Package System
Package System
Yes
None
Construction Year:
Steel
2003
SF
SF
LEASE INFORMATION
Price:
Terms:
Lease Type: Triple Net
3 Years
$11.00/SF / SF
3,000
3,000
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject tothe possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates forexample only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
1/3/18 5:22
COMMENTS
RESPONSIBLE PARTY
Utilities:
Property Tax:
Insurance:
Janitorial:
Common Area:
Roof:
Int. Maintenance:
Tenant
Tenant
Tenant
Tenant
Tenant
Landlord
Tenant
This is a well-maintained, multi-tenant neighborhood retail center with three tenants. Anchor tenant is Anytime Fitness; other tenant is State Farm Insurance.
3,000 SF Available For Lease - Can be subdivided.
This retail center is located on Main Street just west of downtown. The property is between North Maple Sttreet and North Buffalo Street, appproximately 1.4 miles from Manchester University. It is well positioned, with mixed uses of retail, office and residential surrounding the property.
For more details, please call John Caffray at 260 424 8448.
North Manchester Retail Investment
Main St. - 408 W.North Manchester, IN 46962
Page 2
Structure: Landlord
SITE DATA
Zoning:
Parking:
Traffic Count:
Nearest Interstate:
Tax/Pay Year:
Annual Tax:
Land Area:
B-1, Business District
56
7,295 VPD
2016 / 2017
$ 11,112
.83 AC
I-69
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject tothe possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates forexample only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
1/3/18 5:22
Sturges
Sturges
Sturges
Sturges
Sturges
Sturges
Sturges
Sturges
Sturges
Sturges
SturgesSturges
Sturges
TRACT 1 =0.52 ac
TRACT 2 =0.26 ac
TOTAL =
0.78 ac
143'
71.5'
156.75'
156.75'
156.75'
71.5'
143'
156.75'
PUBLIC ALLEY
W. MAIN STREET
TRACT 2
TRACT 1
408 W Main Street, North Manchester IN
Confidentiality Agreement and Waiver of Liability
[TO BE SIGNED BY PROSPECTIVE BUYER. PLEASE READ, SIGN AND EMAIL TO JOHN CAFFRAY AT [email protected]]
In evaluating a potential purchase of 408 W Main Street (“Property”) from the owner of the Property (“Owner”), you have requested certain information from Owner and CBRE, Inc. (“Advisor” and “Broker”), their respective officers, employees and representatives on behalf of the Owner. As a condition to your receipt of such information, you agree to treat any information concerning the Property or the Owner (whether prepared by Owner, Advisor, or otherwise) that is furnished to you by or on behalf of the Owner (all such material, collectively, the “Property Information”) in accordance with the provisions of this Confidentiality Agreement and Waiver of Liability (“Agreement”) and to take or refrain from taking certain other actions herein set forth. You hereby agree that for the benefit of the Advisor and the Owner: The Property Information does not purport to be all- inclusive or to necessarily contain all the information that a prospective acquirer may desire in investigating the Property. By accepting the Property Information, the recipient agrees to keep confidential the information contained therein or made available in connection with any further investigation of the Property. The Property Information may not be photocopied, reproduced, or distributed to others at any time without the prior written consent of the Owner, or it’s Advisor. Upon request, the recipient will promptly return all material received from the Owner or its Advisor without retaining any copies thereof. The Property Information has been prepared for informational purposes relating to this transaction only and upon the express understanding that it will be used for only the purposes set forth above. Any projections or similar materials should be considered hypothetical only, and no assurances can be given as to the accuracy of assumptions or the predictability of any given result or outcome. Any purchase must be based upon the prospective acquirer’s own investigations and not upon any information contained herein. Such investigations shall be at the prospective acquirer’s own risk. Neither the Owner nor its Advisors make any express or implied representation or warranty as to the accuracy or completeness of the information contained herein or made available in connection with any further investigation of the Property. Both the Owner and its Advisors expressly disclaim any and all liability which may be based on such information, errors therein or omissions therefrom. The recipient shall be entitled to rely solely on the representations and warranties made to it by the Owner in any final purchase agreement. In furnishing this information, neither the Owner nor its Advisor under takes any obligation to provide the recipient with access to any additional information. You agree that the terms of this Agreement will apply to any and all Property Information, whether disclosed to you before or after the date of this Agreement, and agree to abide by such terms with respect to any such Property Information. Please acknowledge your acceptance of this Agreement by signing below and returning the signed original of this Agreement [email protected]. Agreed to this day of , 2017
Signature:
By:
Title:
Company:
Address: _______
Address: ______________
Email:
Telephone:
CONTACT US
Part of the CBRE affiliate network
JOHN CAFFRAY Vice President of Brokerage+1 260 424 [email protected]. RB14048907
Investment Property/Net Lease
CBRE | STURGES202 W. Berry StreetSuite 800Fort Wayne, IN 46802www.cbre.us/fortwayne