PRINGLE CREEK 6 Units Salem, Oregon OFFERING MEMORANDUM
|
|
- Miranda Reynolds
- 5 years ago
- Views:
Transcription
1 PRINGLE CREEK 6 Units Salem, Oregon OFFERING MEMORANDUM
2 INVESTMENT SUMMARY ASSET SUMMARY Property Location County Total Units 6 Pringle Creek 1123 Cross Street SE Salem, OR Marion Year Built 1975 Approx. NR Sq Ft 3,900 Average Sq Ft 650 PRICING Price $775,000 Price Per Unit $129,167 Per Square Foot $199 Cap Rate 7.36% FOR MORE INFORMATION Adam Smith adam@hfore.com Greg Frick greg@hfore.com HFO Investment Real Estate 2424 SE 11th Avenue, Portland, Oregon (503) Fax: (503) Brokers licensed in Oregon and Washington. 2 HFO INVESTMENT REAL ESTATE
3 INVESTMENT SUMMARY Pringle Creek Apartments, located south of downtown Salem, is a half-mile walk from the Salem Hospital and Willamette University. The six units are currently operated as short-term furnished rentals catering to the doctors and nurses at Salem Hospital, as well as professors and grad students at the university. Current leases carry a minimum three-month term with an average historical lease length of five months. This unique asset boasts a high cap rate and great ROI. Of the six units, four are 1-bedroom 1-bath, while the other two are 1-bedroom 1-bath plus an office/bedroom. PROPERTY HIGHLIGHTS Fully furnished units Convenient to large area employers Hardwood floors Updated appliances and finishes On-site laundry Pringle Creek PRINGLE CREEK 6 UNITS SALEM, OR 3
4 All units at Pringle Creek come furnished. They have been well maintained over the years. 4 HFO INVESTMENT REAL ESTATE
5 PRINGLE CREEK 6 UNITS SALEM, OR 5
6 SALEM, OREGON SALEM REGION Salem is the capital city of Oregon state, and the country seat of Marion County. It is located between Portland and Eugene-Springfield, along the I-5 corridor. Salem s metro area includes Marion and Polk counties. APARTMENT MARKET The MultifamilyNW Fall 2018 apartment market survey of 8,3559 apartment units reported that Salem and the surrounding vicinity showed a 4.11% vacancy rate. The area reported average rent rates of $1.21 per square foot, up three cents per square foot over 12 months. Reis, Inc. forecasts that, by 2020, Salem s asking rent growth rate will slightly exceed that of the Western U.S. and of nationwide medians. SKILLED WORKFORCE & STRONG EMPLOYMENT Government jobs account for 28% of metroarea employment. Other major employment fields are education and health (13%), retail trade (11%), and professional services (10%). WalletHub ranked Salem 6th on its list of the 10 cities with the highest rate of job growth. In addition to large corporations, universities, hospitals and public-sector employment, smaller businesses make up most of the Salem area s employment picture. Current unemployment in Salem, as of August 2018, is 4.1%--down from 4.6% a year earlier. In August of 2017, Amazon announced it would open a $90 million, 1 million square foot facility in the Mill Creek Corporate Center in Salem. The center is scheduled to open in the Fall of 2018, 6 HFO INVESTMENT REAL ESTATE and will employ over 1,000 full time workers. Amazon was attracted to the area in part because of the Enterprise Zone initiative, which will provide three years of property tax breaks for the site. Salem also has a burgeoning beer industry. In the Fall of 2017, three new breweries opened in the city. Xicha Brewing opened the first Latin American brewery in Salem, and local breweries Bine Valley and Ratchet Brewery are also opened their doors at that time. DIVERSIFIED ECONOMY Thriving businesses abound in Salem. The city s Strategic Economic Development Corporation (SEDCOR) is the lead economic development agency for Marion and Polk Counties. This private, nonprofit membership organization s mission is to enhance and diversify the Mid- Willamette Valley area s economy. In its 2018 annual report, the city s Strategic Economic Development Corporation (SEDCOR) reported that it spurred on $108 million in capital investment in 2017, and assisted with retention and creation of 595 jobs. RECREATION Salem s recreational attractions include its riverfront carousel and its vintage Enchanted Village theme park, plus water-based activities along the Willamette River, including kayaking, boating fishing and water-skiing. Oregon s history can be seen via the state capitol building, Willamette Mission State Park and the Historic Deepwood Estate.
7 SALEM, OREGON Glen Creek Rd NW Market St NE Walker Middle School D St NE 22 WILLAMETTE RIVER Front St SE Riverfront City Park Liberty St SE Commercial St SE Salem Shopping Center Mission St SE State St Ferry St SE Marion St NE Center St NE Salem Hospital Pringle Creek Bellevue St SE Salem Saturday Market Oregon State Capitol 12th St NE Willamette University Salem Station 14th St NE Capitol St NE North Salem High School 17th St NE PRINGLE CREEK 6 UNITS SALEM, OR 7
8 OPERATIONS ANALYSIS PRINGLE CREEK 6 UNITS SALEM, OREGON Income Current Scheduled Rents Note Scheduled Gross Rent $107,640 $17,940 1 Less: Vacancy/Credit Loss -$16,146 -$2, % 2 Net Rental Income $91,494 $15,249 Other Income $0 $0 3 Includes: Miscellaneous $0 $0 Gross Operating Income $91,494 $15,249 Expenses Projected Operations Per Unit % GOI Real Estate Taxes $3,195 $ % 4 Insurance $5,700 $ % 5 Total Utilities $8,508 $1, % Fee Management $9,149 $1, % 6 Landscaping $600 $ % Maintenance/Repairs $1,800 $ % 7 Turnover $3,600 $ % Reserves $1,500 $ % 8 Total Expenses -$34,052 Expenses per Unit -$5,675 % of Gross Operating Income -37% Net Operating Income (NOI) $57,442 8 HFO INVESTMENT REAL ESTATE
9 OPERATIONS ANALYSIS PRINGLE CREEK 6 UNITS SALEM, OREGON 1. RENTS Rents are based on a September 2018 rent roll. Current rents average $1,495 per unit or $2.30 per square foot. Unit Type RENT ROLL ANALYSIS: MARKET RENTS Unit Count Square Feet Average Scheduled Rents Average Scheduled Rents per Sq Ft 1 Bedroom / 1 Bathroom $1,495 $2.30 Totals / Averages $1,495 $ VACANCY The projected operations stabilize vacancy at 15.0%. The property currently has one vacant unit. 3. OTHER INCOME Pringle Creek does not currently collect any other income. Pringle Creek also does not charge residents for water & sewer utility expenses. A new owner could implement a billback system to boost ancillary income. PRINGLE CREEK 6 UNITS SALEM, OR 9
10 OPERATIONS ANALYSIS PRINGLE CREEK 6 UNITS SALEM, OREGON 4. PROPERTY TAXES Oregon s property taxes are evaluated on a fiscal year starting July 1. Property tax values for the tax year are published October 15. In Oregon, property taxes are not reassessed on sale and are limited to a 3.0% annual increase at the state level. Property taxes paid by November 1 each year receive a 3.0% discount. The gross property taxes for Pringle Creek for the tax year total $3,195. The gross taxes are used in the projected operations in anticipation of the tax year. 5. INSURANCE Property insurance reflects the current policy premium of $5,700 annually. 6. MANAGEMENT FEE The fee management includes administration, advertising, and payroll costs. Pringle Creek is owner-managed, and the historical management fee includes compensation for the current ownership. The management fee has been adjusted to reflect costs for a traditional apartment asset managed by an independent, third-party management company. 7. REPAIR & MAINTENANCE (R&M) AND TURNOVER Repairs and maintenance for Pringle Creek are projected at $300 per unit, or $1,800 annually. In addition to R&M, we project turnover costs to be $3,600, or $600 per unit. 8. RESERVES Lenders require reserves be set aside to address future capital costs associated with any property as it ages. The projected operations include reserves of $250 per unit, or $1,500 total. 10 HFO INVESTMENT REAL ESTATE
11 PRINGLE CREEK PRINGLE CREEK 6 UNITS SALEM, OREGON ASSET SUMMARY Property Location County Total Units 6 PRICING Price $775,000 Price Per Unit $129,167 Per Square Foot $199 Cap Rate 7.36% Pringle Creek 1123 Cross Street SE Salem, OR Marion Year Built 1975 TOURS AND INQUIRIES Please do not disturb tenants. All tours and inquiries regarding Pringle Creek are to be directed to HFO Investment Real Estate at (503) Adam Smith adam@hfore.com Greg Frick greg@hfore.com Jack Stephens jack@hfore.com Tyson Cross tyson@hfore.com Lee Fehrenbacher lee@hfore.com Todd Tully todd@hfore.com Khari Gates khari@hfore.com Brokers licensed in Oregon and Washington. PRINGLE CREEK 6 UNITS SALEM, OR 11
12 HFO Investment Real Estate Passion Collaboration Specialization 2424 SE 11th Avenue Portland, OR This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Parties who receive this information from unauthorized parties shall not be recognized HFO Investment Real Estate LLC. Build your legacy is a service mark of HFO Investment Real Estate. Licensed in the states of Oregon and Washington.
CAMPUS LOOP 5 Units Salem, Oregon OFFERING MEMORANDUM
CAMPUS LOOP 5 Units Salem, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY ASSET SUMMARY Property Location County Total Units 5 Campus Loop 4020 Campus Loop NE Salem, OR 97305 Marion Year Built 1979 Approx.
More informationFIRCREST APARTMENTS 27 Units Gresham, Oregon OFFERING MEMORANDUM
FIRCREST APARTMENTS 27 Units Gresham, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY ASSET SUMMARY Property Location County Total Units 27 Year Built 1970 Stories Fircrest Apartments 19511 NE Halsey Street
More informationWHITMAN 8 Units Vancouver, Washington OFFERING MEMORANDUM
WHITMAN 8 Units Vancouver, Washington OFFERING MEMORANDUM INVESTMENT SUMMARY ASSET SUMMARY Property Location County Total Units 8 Whitman 2901-2915 NE Whitman Ave Vancouver, WA 98662 Clark Year Built 1977
More informationELLIOTT HEIGHTS APARTMENTS
ELLIOTT HEIGHTS APARTMENTS 27 Units - Kelso, Washington OFFERING MEMORANDUM INVESTMENT SUMMARY ASSET SUMMARY Property Elliott Heights Apartments Location County 206 Teresa Way Kelso, Washington 98626 Cowlitz
More informationRAYMOND APARTMENTS 16 Units - Portland, Oregon OFFERING MEMORANDUM
RAYMOND APARTMENTS 16 Units - Portland, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY ASSET SUMMARY Property Location County Total Units 16 Year Built 1964 Stories Raymond Apartments 8110 SE Raymond Street
More informationCOMMONWEALTH TOWNHOMES SW Butner Road Beaverton, Oregon
EXCLUSIVE LISTING COMMONWEALTH TOWNHOMES 12590-12600 SW Butner Road Beaverton, Oregon 8 Units $1,950,000 Beaverton, OR EXECUTIVE SUMMARY ASSET SUMMARY Property Address County Washington Total Units 8 Year
More informationFAIRMONT VILLA 34 Units Portland, Oregon OFFERING MEMORANDUM
FAIRMONT VILLA 34 Units Portland, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY ASSET SUMMARY Property Location County Total Units 34 Year Built 1961 Stories Fairmont Villa 10445 NE Weidler Street Portland,
More informationWEST MAIN AT THE PARK
WEST MAIN AT THE PARK 40 Units - Hillsboro, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY ASSET SUMMARY Property West Main at the Park Location 1025 W Main Street Hillsboro, Oregon 97123 County Washington
More informationPARK PLACE APARTMENTS 20 Units Gresham, Oregon OFFERING MEMORANDUM
PARK PLACE APARTMENTS 20 Units Gresham, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY Park Place Apartments is a 20-unit community in Gresham. The asset was completed in 1990 and offers two- and three-bedroom
More informationSTARK STREET COURT 10 STUDIOS + SFR HOUSE PORTLAND, OR OFFERING MEMORANDUM. Investment Real Estate www. hfore.com (503)
STARK STREET COURT 10 STUDIOS + SFR HOUSE PORTLAND, OR OFFERING MEMORANDUM Investment Real Estate www. hfore.com (503) 241.5541 INVESTMENT OVERVIEW Stark Street Court is an 11-unit garden-court apartment
More informationBERRYDALE APARTMENTS 27 UNITS - MEDFORD, OR OFFERING MEMORANDUM. Investment Real Estate www. hfore.com (503)
BERRYDALE APARTMENTS 27 UNITS - MEDFORD, OR Investment Real Estate www. hfore.com (503) 241.5541 OFFERING MEMORANDUM N Vancouver Avenue 4047 N Williams Ave N Williams Avenue N Mason Street INVESTMENT OVERVIEW
More informationVINTAGE COURTYARD 10 Units - Portland, Oregon OFFERING MEMORANDUM
VINTAGE COURTYARD 10 Units - Portland, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY ASSET SUMMARY Property Vintage Courtyard Apartments Location 2300 NE Halsey St Portland, Oregon 97232 County Multnomah
More informationSANTANA COURT APARTMENTS 70 Units - Corvallis, Oregon OFFERING MEMORANDUM
SANTANA COURT APARTMENTS 70 Units - Corvallis, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY ASSET SUMMARY Property Location County Benton Total Units 70 Year Built 1975 Stories 2 stories Approximate Sq
More informationNORTHSHORE APARTMENTS
NORTHSHORE APARTMENTS 25 Units - Lake Oswego, Oregon OFFERING MEMORANDUM CONFIDENTIAL AND DISCLAIMER Seller and Agent make no representations or warranties as to the accuracy of the information contained
More informationPARKER TOWNHOMES 10 Units Portland, Oregon OFFERING MEMORANDUM
PARKER TOWNHOMES 10 Units Portland, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY Parker Townhomes is a 10-unit townhome community on the east side of Portland. The property offers spacious three-bedroom,
More information16 UNIT PORTFOLIO - 3 CORNER PROPERTIES 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR
M U LT I F A M I LY P R O P E R T Y F O R S A L E 16 UNIT PORTFOLIO - 3 CORNER PROPERTIES 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR PRESENTED BY: AJ NASH 503.390.1375 aj@legacyre.com Licensed
More informationTHISTLE STREET FOURPLEX
THISTLE STREET FOURPLEX RENTON MERCER ISLAND SOUTH PARK MOUNT BAKER JUDKINS PARK BEACON HILL SODO CAPITOL HILL SEATTLE CBD ELLIOTT BAY OFFERING The Thistle Street Fourplex is a low maintenance and easy
More informationEmma Manor. Price: $1,750, SW Barbur Blvd., Portland, OR 97219
Price: $1,750,000 Emma Manor 7934 SW Barbur Blvd., Portland, OR 97219 Price Summary Price: $1,750,000 Price/Unit: $175,000 Price/Sq Ft: $163.15 Cap Rate: 4.83% Proforma Cap Rate: 5.31% Building Summary
More informationSCHUYLER COURT. 6-Unit Multi-Family Investment 1805 NE 8 th Avenue, Portland, Oregon MULTI-FAMILY INVESTMENT PROPERTY ANALYSIS
6-Unit Multi-Family Investment 1805 NE 8 th Avenue, Portland, Oregon 97212 MULTI-FAMILY INVESTMENT PROPERTY ANALYSIS 136 NE 28 th Avenue Portland, Oregon 97232 503-327-8237 Office 503-954-3087 Fax www.equitypacificrealestate.com
More informationLAUREL ASH APARTMENTS
8-Unit Multi-Family Investment 2920 SE Ash Street, Portland, Oregon 97214 CLOSE-IN SE MULTI-FAMILY INVESTMENT PROPERTY 136 NE 28 th Avenue Portland, Oregon 97232 503-327-8237 Office 503-954-3087 Fax www.equitypacificrealestate.com
More informationMINI STORAGE UMPQUA MINI STORAGE SELF-STORAGE OFFERING MEMORANDUM. 292 Weyerhaeuser Drive N. Roseburg, Oregon INVESTMENT OPPORTUNITY
OFFERING MEMORANDUM OFFERING MEMORANDUM STOW-AWAY UMPQUA MINI STORAGE MINI STORAGE 292 Weyerhaeuser Drive N. 801 EAST MAIN STREET Roseburg, Oregon 97470 MOLALLA, OREGON 97038 SELF-STORAGE INVESTMENT OPPORTUNITY
More information4-PLEX MULTIFAMILY INVESTMENT th St SE, Salem, OR 97301
MULTIFAMILY PROPERTY FOR SALE 4-PLEX MULTIFAMILY INVESTMENT 190 14th St SE, Salem, OR 97301 PRESENTED BY: AJ NASH 503.390.1375 aj@legacyre.com Licensed Principal Broker in Oregon 925 Commercial St. SE,
More information100% LEASED INVESTMENT
1215-1241 State St Salem, OR 97301 PRESENTED BY: OR #910200259 PROPERTY HIGHLIGHTS 100% Leased to the State of Oregon which has an AA+ bond rating Build to suit building for these tenants and less than
More informationMT. NEBO MOBILE HOME PARK
OFFERING MEMORANDUM MT. NEBO MOBILE HOME PARK 122 SPACES ROSEBURG, OREGON COLLIERS INTERNATIONAL P. 1 OFFERING MEMORANDUM Table of Contents INVESTMENT SUMMARY PAGE 3 PROPERTY INFORMATION PAGE 6 MARKET
More informationEmma Manor. Price: $1,500, SW Barbur Blvd., Portland, OR 97219
Price: $1,500,000 Emma Manor 7934 SW Barbur Blvd., Portland, OR 97219 Price Summary Price: $1,500,000 Price/Unit: $150,000 Price/Sq Ft: $139.85 Cap Rate: 5.78% Proforma Cap Rate: 6.33% Building Summary
More informationChelsea Manor Apartments
Price: $3,600,000 Chelsea Manor Apartments 4039 SE Holgate Blvd., Portland, OR 97202 Price Summary Price: $3,600,000 Price/Unit: $180,000 Price/Sq Ft: $237.66 Cap Rate: 4.60% Proforma Cap Rate: 6.27% Building
More information$3,075,000. Eight Great Units in Pacific Beach 2121 Thomas Ave., San Diego MARKETING
Eight Great Units in Pacific Beach $3,075,000 Just a short bike ride to the beach. Almost $100K of renovation including new roof and windows. Six units have been remodeled. Two double garages plus four
More information$3,075,000. Eight Great Units in Pacific Beach 2121 Thomas Ave., San Diego MARKETING
Eight Great Units in Pacific Beach $3,075,000 Just a short bike ride to the beach. Almost $100K of renovation including new roof and windows. Six units have been remodeled. Two double garages plus four
More informationFour Units in Alhambra 705 S Almansor St. Alhambra, CA Accelerating success. 1
100% COMPLETELY REMODELED Four Units in Alhambra 705 S Almansor St. Alhambra, CA 91801 Accelerating success. 1 2 705 S Almansor St. EXCLUSIVELY LISTED BY: Accelerating success. Contents Table Of THE PROPERTY
More information$3,199,000. Eight Great Units in Pacific Beach 2121 Thomas Ave., San Diego MARKETING
Eight Great Units in Pacific Beach $3,199,000 Just a short bike ride to the beach. Almost $100K of renovation. Six units have been remodeled. Two double garages plus four tandem parking spaces make this
More information4039 N Bonita Street List Price $ 639,000
4039 N Bonita Street List Price $ 639,000 Exclusively Listed by : Brian Raynoha CalBRE: #01798711 858.869.9290 BrianRaynoha@gmail.com 2016 Apartment Advisors, Inc. This information has been secured from
More informationGarden Fourplex PROPERTY HIGHLIGHTS. Prepared By Garden Ave San Jose, CA 95111
2795 Garden Ave San Jose, CA 95111 PROPERTY HIGHLIGHTS Offered at $1,575,000 4.7% Cap rate; 14.7 GRM NOT SUBJECT TO RENT CONTROL! Large, fully remodeled Units Four 2 bed / 1 bath units, ~920 SF each 2
More informationCENTRE STREET
Offering Memorandum 3945-51 CENTRE STREET San Diego, CA 92103 N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E Non-Endorsements Marcus & Millichap is not affiliated with, sponsored by,
More informationKelly St., San Diego, 92111
6531-6561 Kelly St., San Diego, 92111 Development Opportunity Just 6/10 ths of a mile from USD VIDEO TOUR https://www.soldbyair.com/list/6561-kelly-st-san-diego 2018 Apartment Consultants, Inc. This information
More informationLincoln Blvd
624-628 Lincoln Blvd Santa Monica, CA 90402 Offering Memorandum Evaluation Presented By: Benjamin Hsiang, Senior Vice President of Investments & Don Favia, Westside Apartment Specialist Phone: 213.233.4373
More information637 S BURNSIDE AVE LOS ANGELES CA 90036
637 S BURNSIDE AVE LOS ANGELES CA 90036 6 French Provincial Style Units in Prime Miracle Mile on a Large R4 Lot www.concord-re.com hello@concord-re.com 310.551.0660 449 South Beverly Drive, First Floor,
More informationDollar general. 15-year nnn lease - zero landlord responsibilities county unemployment rate of 2.5% [ REPRESENTATIVE PHOTO ]
Dollar general 15-year nnn lease - zero landlord responsibilities county unemployment rate of 2.5% 1103 Broadway St, Leoti, KS 67861 www.capitalpacific.com investment highlights DOLLAR GENERAL IS LOCATED
More informationBRENTWOOD & PINECREST APARTMENTS 22 Units Portland, Oregon OFFERING MEMORANDUM
BRENTWOOD & PINECREST APARTMENTS 22 Units Portland, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY Brentwood & Pinecrest Apartments is a unique 22-unit community in North Portland that offers an investor
More informationOffering Memorandum THE TIKI APARTMENTS Market Street Kirkland, WA. Exclusively offered by Paragon Real Estate Advisors
Offering Memorandum THE TIKI APARTMENTS 1124 Market Street Exclusively offered by Paragon Real Estate Advisors 1 Offering Summary The Tiki Apartments present a unique investment opportunity with an excellent
More informationCHIQUITA APARTMENTS 300 CHIQUITA AVENUE,MOUNTAIN V IEW - 12 APARTMENT U NITS
I N V E S T M E N T O P P O R T U N I T Y 300 CHIQUITA AVENUE,MOUNTAIN V IEW - 12 APARTMENT U NITS Exclusively Listed By Keith Suddjian Senior Vice President 650.688.8514 Lic#00673961 ksuddjian@ccareynkf.com
More informationSILVERTON MANOR FOR SALE. 992 N 2nd Street, Silverton, Oregon Property Highlights
FOR SALE SILVERTON MANOR 992 N 2nd Street, Silverton, Oregon 97381 Property Highlights Upside in Rents Assumable Long Term Financing in Place Recently Renovated (new windows, new gutters & fresh paint)
More informationMountain Crest Apartments 24 Units
INVESTMENT REAL ESTATE SERVICES FOR SALE Mountain Crest Apartments 24 Units 1519 SE Roberts Drive Gresham, Oregon 97080 Exclusively Represented By: Cameron Mercer Multifamily Investment David Chatfield
More information11031 WOODINVILLE DR.
11031 WOODINVILLE DR. 4 units Bothell, Washington Licton Springs APARTMENTS :: FINANCIAL SUMMARY 1 For More Information Please Contact Nathaniel Kiger 206.774.5439 nate@tfgre.com Erich Bubbel 206.774.5426
More informationThe FURLANI A P A R T M E N T S
The FURLANI A P A R T M E N T S SEATTLE CBD WEST SEATTLE BEACON HILL RAINIER VALLEY WHITE CENTER BURIEN NORMANDY PARK SEATTLE TACOMA INTERNATIONAL AIRPORT OFFERING Paragon Real Estate Advisors is pleased
More informationALKI PARK APARTMENTS. Two parcels from Alki Beach and Retail District. Condo quality renovated interiors. Granite and stainless kitchens
ALKI PARK APARTMENTS LOCATION: 2664 59th Ave SW, Seattle WA TOTAL UNITS: 6 BUILT: 1916 (Remodeled 2014) SQUARE FEET: 3,338 Net Rentable PRICE:,000 COST PER UNIT: $241,667 COST PER FOOT: $434.39 Net Rentable
More informationSunrise Village 4Plexes
OFFERING MEMORANDUM Sunrise Village 4Plexes PUYALLUP, WA OFFERING MEMORANDUM KW COMMERCIAL 1100 Dexter Avenue North, Suite 275 Seattle, WA 98109 PRESENTED BY: CHARLES BURNETT Managing Broker 206.931.6036
More informationREED COLLEGE 10-PLEX
10-Unit Multi-Family Investment 4522-4608 SE 29th Avenue, Portland, Oregon 97202 MULTI-FAMILY INVESTMENT ANALYSIS 136 NE 28 th Avenue Portland, Oregon 97232 503-327-8237 Office 503-954-3087 Fax www.equitypacificrealestate.com
More informationLOCAL MARKET UPDATE. Culver Public Market and Costa Hawkins Overview. Los Angeles, CA 90066
LOCAL MARKET UPDATE Los Angeles, CA 90066 Elliot Schwartz Commercial Real Estate Advisor Tel: (310) 909-2308 Elliot.Schwartz@MarcusMillichap.com SEVEN MULTIFAMILY UNITS AND ONE RETAIL SPACE IN THE HEART
More informationOffering Memorandum SIX UNIT ON PHINNEY RIDGE Greenwood Ave N Seattle, WA. Exclusively offered by Paragon Real Estate Advisors
Offering Memorandum SIX UNIT ON PHINNEY RIDGE 6714 Greenwood Ave N Exclusively offered by Paragon Real Estate Advisors 1 Offering Summary Paragon Real Estate Advisors is pleased to exclusively offer for
More informationFor SALE. DAVID KAUFMAN Lic # [E] [P] (818) [A] Ventura Boulevard, Suite 200 Sherman Oaks, CA 91403
For SALE SUMMARY Very well located triplex in Echo Park. Has large parking lot off Echo Park Blvd with extra parking income; Tuck Under Seismic Retrofit work has all been completed ANNUALIZED OPERATING
More informationOFFERED FOR SALE 12 UNIT MULTI-FAMILY PROPERTY RUSSIAN HILL
SAN FRANCISCO, CA The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review
More informationFor SALE. DAVID KAUFMAN Lic # [E] [P] (818) [A] Ventura Boulevard, Suite 200 Sherman Oaks, CA 91403
For SALE David B. Kaufman C: (310) 877-8600 E: david@tamarackres.com DRE Lic #01217537 Multi-Family Operating Information 5500-04 Barton Ave., Los Angeles CA 90038 APN#5535-008-012 SUMMARY ANNUALIZED OPERATING
More informationBIGFOOT MOBILE HOME PARK
Mobile Home Investment Property 47000 SE Highway 26, Sandy, Oregon 97055 MOBILE HOME PARK INVESTMENT 136 NE 28 th Avenue Portland, Oregon 97232 503-327-8237 Office 503-954-3087 Fax www.equitypacificrealestate.com
More informationThe K E N S I N G T O N
The KENSINGTON LAKE WASHINGTON CAPITOL HILL SEATTLE CBD QUEEN ANNE UNIVERSITY DISTRICT WALLINGFORD BALLARD WEDGWOOD ROOSEVELT NORTHGATE FUTURE LIGHT RAIL STATION LAKE CITY PINEHURST FUTURE LIGHT RAIL STATION
More informationDOWNTOWN OFFICE BLDG 630 CENTER STREET NE SALEM, OR Tom Hendrie Advisor
DOWNTOWN OFFICE BLDG 630 CENTER STREET NE SALEM, OR 97301 Tom Hendrie Advisor 503.588.7397 tom.hendrie@svn.com SVN COMMERCIAL ADVISORS, LLC 1665 LIBERTY STREET SE, SUITE 200, SALEM, OR 97302 SALE BROCHURE
More informationValue-Add. Contessa Townhomes INVESTMENT MULTIFAMILY OPPORTUNITY Contessa Drive, San Antonio, TX 78216
Value-Add MULTIFAMILY INVESTMENT OPPORTUNITY www.acrmultifamily.com g ble ancin a l i Ava w Fin e to N Contessa Townhomes 9526 Contessa Drive, San Antonio, TX 78216 Welcome Contessa Townhomes offer tenants
More informationOffering Memorandum PHINNEY APARTMENTS Phinney Ave N Seattle, WA. Exclusively offered by Paragon Real Estate Advisors
Offering Memorandum PHINNEY APARTMENTS 4800 Phinney Ave N Exclusively offered by Paragon Real Estate Advisors 1 Offering Summary Paragon Real Estate Advisors is pleased to exclusively offer for sale the
More informationRiverstone Marketplace II
Riverstone Marketplace II VANCOUVER, WASHINGTON EXCELLENT SYNERGY WITH SEVERAL NATIONAL BRANDS INCLUDING NATURAL GROCERS, BANK OF AMERICA, AND PROVIDENCE MEDICAL PLAZA Overview Riverstone Marketplace
More informationFOUNTAIN PARK COTTAGES
12-Unit Multi-Family Investment 3251 Rogue River Hwy, Grants Pass, Oregon 97527 VERY PRIVATE COTTAGES WITH STRONG INCOME UPSIDE! 136 NE 28 th Avenue Portland, Oregon 97232 503-327-8237 Office 503-954-3087
More informationDEVELOPMENT LAND FOR SALE
DEVELOPMENT LAND FOR SALE Southwest Corner W Reindeer Drive & Dublin Road Powell, Ohio 43065 W Reindeer Dr Dublin Rd 0.594 +/- Acres Vacant Land Alex Marsh amarsh@rweiler.com 10 N. High St. Suite 401 Columbus,
More information4533 NORTH AVENUE, SAN DIEGO, CA 92116
TABLE OF CONTENTS 4533 NORTH AVENUE, SAN DIEGO, CA 92116 TABLE OF CONTENTS PROPERTY OVERVIEW 3 PROPERTY LOCATION 4 NEIGHBORHOOD DESCRIPTION 6 COMPARABLE SALES 7 RENTAL SURVEY 9 APARTMENT INVESTMENT INFORMATION
More information1ST AVENUE TOWNHOMES
1ST AVENUE TOWNHOMES 3783 1st Avenue San Diego, CA 92103 For more information contact: #01824454 PROPERTY HIGHLIGHTS Heart of Hillcrest Location 93 Walk Score! Significant Rental Upside All ~1,200 SqFt
More informationParagon. Beyond the Deal.
ballard 6 apartments Paragon. Beyond the Deal. location: 2216 NW 59th Street, Total Units: 6 Built: 1969 Square Feet: 5,380 Net Rentable Price: $1,495,000 Cost Per Unit: $249,167 Cost Per Foot: $277.88
More informationPACIFIC HEIGHTS MULTI-FAMILY PROPERTY! 20 APARTMENT UNITS 2136 BRODERICK STREET SAN FRANCISCO, CA OFFERED FOR SALE
PACIFIC HEIGHTS MULTI-FAMILY PROPERTY! 2136 BRODERICK STREET SAN FRANCISCO, CA 94115 OFFERED FOR SALE OFFERED FOR SALE Property Highlights Incredible Pacific Heights Location! 20 Efficiency Apartments
More information3939 E. 1st St. Los Angeles, CA Offering Memorandum
3939 E. 1st St. Los Angeles, CA 90063 Offering Memorandum Table Of Contents Property Overview... 3 Location Overview... 8 Financial Analysis... 14 Demographics... 17 Presented by: Korena Ellis Senior Associate
More information1032 S BEDFORD STREET LOS ANGELES CA 90035
REET LOS ANGELES CA 9003 UNITS IN THRIVING PICO-ROBERTSON www.concord-re.com hello@concord-re.com 310.1.0660 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212 OFFERING MEMORANDUM MARKETING
More informationOffering Memorandum LORRAINE APARTMENTS Franklin Ave E Seattle, WA. Exclusively offered by Paragon Real Estate Advisors
Offering Memorandum LORRAINE APARTMENTS 2236 Franklin Ave E Exclusively offered by Paragon Real Estate Advisors 1 Offering Summary Paragon Real Estate Advisors is proud to be chosen to market the Lorraine
More informationALABAMA AVENUE PORTFOLIO
19-27 Alabama Avenue Brooklyn, NY 11207 Qualified Opportunity Zone 1 N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E Non-Endorsements Marcus & Millichap is not affiliated with, sponsored
More informationVALUE ADD INFILL RETAIL 2870 & 2864 COLORADO BOULEVARD DENVER, CO 80207
VALUE ADD INFILL RETAIL 2870 & 2864 COLORADO BOULEVARD DENVER, CO 80207 One Broadway, Suite 300A Denver, CO 80203 303.962.9555 www.pinnaclerea.com Chris Student 303.962.9575 Jules Hochman 303.962.9533
More informationSUBJECT PROPERTY STARBUCKS ARVADA, CO
SUBJECT PROPERTY STARBUCKS ARVADA, CO Overview STARBUCKS 8830 INDIANA STREET, ARVADA, CO 80005 $2,397,850 PRICE 4.65% CAP PRICE PER SF $1,080.11 LEASABLE SF 2,220 SF LAND AREA 0.88 AC LEASE EXPIRATION
More informationFor Sale: $1,795,000. Offering. Five High-End Rental Homes in Newer NE Bend, Oregon. Memorandum
For Sale: $1,795,000 Five High-End Rental Homes in Newer NE Bend, Oregon Offering Memorandum Peter May, CCIM pmay@compasscommercial.com Dan Kemp, Broker dkemp@compasscommercial.com 541.383.2444 www.compasscommercial.com
More informationPEARLAND RV PARK. AVAILABLE FOR: $4,225,000 CAP RATE: 8.27% (Excludes development upside potential) 4215 Bedynek Road, Manvel, TX 77578
PEARLAND RV PARK 4215 Bedynek Road, Manvel, TX 77578 Opportunity to acquire a newly-developed, stabilized RV park with a waiting list and significant future upside through additional development potential.
More information744 S. RIDGELEY DRIVE LOS ANGELES CA 90036
744 S. RIDGELEY DRIVE LOS ANGELES CA 90036 6 French Normandy Style Units in Prime Miracle Mile on a large R4 lot www.concord-re.com hello@concord-re.com 310.551.0660 449 South Beverly Drive, First Floor,
More informationSouth Park Apartment Complex
For more information contact: Founder & Principal andy@vreg.co Brian Suite Director of Operations Broker (808)927-1202 brian@vreg.co Six Unit Apartment Building 6,250 sf Lot Less Than 15 Minutes From Downtown
More informationdollar general Price reduced $1.14 Million New NNN Lease Summer opening For more info on this opportunity please contact:
dollar general Price reduced $1.14 Million New NNN Lease Summer opening 403 Highway 62 West, Alpena AR 72611 For more info on this opportunity please contact: RICK SANNER rsanner@capitalpacific.com (415)
More informationCOLONIAL VILLAGE APARTMENTS 1900 COLONIAL VILLAGE LANE, DAYTON, OH 45406
COLONIAL VILLAGE APARTMENTS 1900 COLONIAL VILLAGE LANE, DAYTON, OH 45406 Building Trust. Building Relationships. Building Value. presented by: Bart Weprin 513.936.9110 bart.weprin@weprinrealty.com Table
More information1906 SE TACOMA. 6 Units Portland, Oregon OFFERING MEMORANDUM
1906 SE TACOMA 6 Units Portland, Oregon OFFERING MEMORANDUM EXECUTIVE SUMMARY Exceptional Location. 1906 SE Tacoma is just minutes away from one of the Sellwood Neighborhood s destination retail corridors
More informationLONGVIEW 10-UNIT. 10-Unit Multi-Family Investment 1922 Alabama Street & th Avenue, Longview, WA MULTI-FAMILY INVESTMENT OFFERING
10-Unit Multi-Family Investment 1922 Alabama Street & 306 20 th Avenue, Longview, WA 98623 MULTI-FAMILY INVESTMENT OFFERING 136 NE 28 th Avenue Portland, Oregon 97232 503-327-8237 Office 503-954-3087 Fax
More informationBURGER KING WEST HAVEN, UTAH. offering memorandum. Investment. Overview Financial. Overview. Financial. Overview. Summary. Lease.
1 8 8 8 2 5 5 0 S O U T H S T R E E T W E S T H A V E N, U T A H 8 4 4 0 1 BURGER KING WEST HAVEN, UTAH offering memorandum INVESTMENT OVERVIEW Marcus and Millichap is pleased to present this Burger King
More informationSOUTHWEST CORNER OF CAPITOL DRIVE & 124TH STREET BROOKFIELD (SUBURBAN MILWAUKEE), WISCONSIN
SOUTHWEST CORNER OF CAPITOL DRIVE & 124TH STREET BROOKFIELD (SUBURBAN MILWAUKEE), WISCONSIN INVESTMENT HIGHLIGHTS S U B J E C T O F F E R I N G Mid-America Real Estate Corporation, in cooperation with
More informationLONGHORN LANE 4-PLEX
4-Unit Multi-Family Investment 12285 SW Longhorn Lane, Beaverton, Oregon 97008 MULTI-FAMILY INVESTMENT PROPERTY ANALYSIS 136 NE 28 th Avenue Portland, Oregon 97232 503-327-8237 Office 503-954-3087 Fax
More informationHARBOR FREIGHT TOOLS A CORPORATE NET LEASED STORE WITH NEW 10-YEAR EXTENSION GURNEE, IL
HARBOR FREIGHT TOOLS A CORPORATE NET LEASED STORE WITH NEW 10-YEAR EXTENSION GURNEE, IL Overview HARBOR FREIGHT TOOLS 3550 GRAND AVE, GURNEE, IL 60031 $1,905,001 PRICE 6.75% CAP LEASEABLE SF 20,574 SF
More informationSavannah Gardens PROPERTY HIGHLIGHTS. Prepared By. 23 NW 434 PRV RD Clinton, MO Chuck Gray Broker
Savannah Gardens 23 NW 434 PRV RD Clinton, MO 64735 PROPERTY HIGHLIGHTS 20 Duplex Buildings 40-units 3 bed 2- bath 1 car garage units 1,400 sq ft per unit 52-mini storage units 12' X 20' Prepared By Chuck
More informationK I L L I N G S W O R T H
1 3 3 4 K I L L I N G S W O R T H 12 UNITS - PORTLAND, OR Investment Real Estate www. hfore.com (503) 241.5541 OFFERING MEMORANDUM INVESTMENT OVERVIEW 1334 Killingsworth is a brand-new apartment building
More informationFOR LEASE New Construction Concrete Tilt. Oak Grove Industrial Park Burright Lane Salem, Oregon
Oak Grove Industrial Park 4431 Burright Lane Salem, Oregon Five new industrial buildings varying in size from 16,400 SF to 20,000 SF per building. Located on 10.46 acres half a mile from I-5 just north
More informationROMAN VILLAS APARTMENTS
ROMAN VILLAS APARTMENTS 7240 El Cajon Boulevard, San Diego, CA 92115 PROPERTY HIGHLIGHTS Extensive, Recent Interior and Exterior Upgrades Strong Unit Mix; Majority 2 Bedroom Units Strong Rental Market;
More informationRANCHO EL MIRAGE PLAZA OFFERING MEMORANDUM
RANCHO EL MIRAGE PLAZA OFFERING MEMORANDUM 13915 N Dysart Rd I El Mirage, AZ 85335 TRENTON MCCULLOUGH Senior Vice President 480.294.6582 tmccullough@levrose.com MARK CASSELL Associate 480.289.4227 Exclusively
More informationCOUNTRY CLUB APARTMENTS PHASE I 953 S. 23RD STREET, RICHMOND, IN 47374
COUNTRY CLUB APARTMENTS PHASE I 953 S. 23RD STREET, RICHMOND, IN 47374 Building Trust. Building Relationships. Building Value. presented by: Bart Weprin 513.936.9110 bart.weprin@weprinrealty.com Table
More informationAspen Dental & Good Feet
Aspen Dental & Good Feet [ subject property ] INFILL KANSAS CITy MSA MEDICAL USE TENANTS 1680 NW Chipman Road, Lee s Summit, MO 64081 investment highlights THE SUBJECT PROPERTY IS THE HARD CORNER PAD ENTRANCE
More informationREPRESENTATIVE PHOTO DOWNTOWN METRO PHOENIX DOLLAR GENERAL COMCAST & BANNER HEALTHCARE
REPRESENTATIVE PHOTO DOWNTOWN METRO PHOENIX DOLLAR GENERAL COMCAST & BANNER HEALTHCARE TUCSON, PHOENIX, AZ Overview REPRESENTATIVE PHOTO DOLLAR GENERAL 520 N 35TH AVE, PHOENIX, AZ 85009 $2,116,000 PRICE
More informationReal Estate Investment Analysis
Real Estate Investment Analysis July 6, 2018 SJ Fowler Real estate 4574 N 1st Ave #0 Tucson AZ 85718 David Walsh 520-591-1736 dw.sjfowler@gmail.com Property Photos, Main Property Photo Property Photos,
More informationJOANN FABRICS COUNCIL BLUFFS, IA
REPRESENTATIVE SUBJECT PROPERTY PHOTO JOANN FABRICS COUNCIL BLUFFS, IA Overview JOANN FABRICS 3271 MARKETPLACE DR, COUNCIL BLUFFS, IA 51501 $2,708,000 PRICE 7.50% CAP LEASABLE SF 20,310 SF LAND AREA 0.47
More information8 Units in Salinas. 539 Terrace Dr Salinas, CA List Price: $750,000
For more information contact: Apartment / Investment Broker michael@svmultifamily.com BRE 01327546 List Price: $750,000 Property Refurbished in 2006 with Numerous Upgrades: Roof, plumbing, kitchens, bathrooms,
More informationDi Fiore Fourplex. 859 Di Fiore Dr San Jose, CA Offering Price: $1,550,000
For more information contact: Commercial Investment Broker michael@svmultifamily.com BRE 01327546 Offering Price: $1,550,000 Unit Mix: (1) 3BR / 2BA, (1) 2BR / 1BA, (2) 1BR / 1BA 2 Parking Spaces per unit
More informationASHWOOD AVE LOS ANGELES, CA OFFERING MEMORANDUM Ashwood Ave Los Angeles, CA 90066
-------------------- OFFERING MEMORANDUM 3792 ASHWOOD AVE LOS ANGELES, CA 90066 7 UNITS IN MAR VISTA SHORT BIKE RIDE TO VENICE BEACH MARKETING PACKAGE OVERVIEW PRESENTED BY Kenny Stevens BRE# 01090251
More informationCOUNTRY CLUB APARTMENTS 953 S. 23RD STREET, RICHMOND, IN 47374
COUNTRY CLUB APARTMENTS 953 S. 23RD STREET, RICHMOND, IN 47374 Building Trust. Building Relationships. Building Value. presented by: Bart Weprin 513.936.9110 bart.weprin@weprinrealty.com Table Of Contents
More informationDollar General. metro area. new 15-year nnn lease. For more info on this opportunity please contact:
Dollar General metro area new 15-year nnn lease 3500 John Barrow Road, Little Rock, AR 72204 (At the SWC of 35th Street) For more info on this opportunity please contact: RICK SANNER BOB SANNER JOHN ANDREINI
More informationGreenlake Terrace Apts th Avenue NE Seattle, WA Offered at $16,320,000. Seattle s Most Coveted Neighborhood. Exclusive Listing Agent:
Greenlake Terrace Apts 7415 5th Avenue NE Seattle, WA 98115 Offered at $16,320,000 Seattle s Most Coveted Neighborhood Exclusive Listing Agent: Blair Savidge 1841 A 42nd Avenue E. Seattle, WA 98112 206-443-3270
More informationNew NNN Dollar general town with low unemployment rate of 3.2% average incomes of $74,000
New NNN Dollar general town with low unemployment rate of 3.2% average incomes of $74,000 The only investment grade dollar store in town Rent increases in the base term Highway 91, Humphrey, NE 68642 Click
More informationcommunity america credit UNION $1.8+ billion in Assets
community america credit UNION $1.8+ billion in Assets [ actual store ] Corporate ground lease [ 7714 State Street, Kansas City, KS 66112 www.capitalpacific.com ] PROperty Summary Community america Credit
More information