Offering Memorandum. OXFORD TOWN SOUTH 1-8, 10, 12 County Road 3077 Oxford, MS 38655

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1 Offering Memorandum OXFORD TOWN SOUTH 1-8, 10, 12 County Road 3077 Oxford, MS

2 NON- ENDORSEMENT AND DISCLAIMER NOTICE Non-Endorsements Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. Disclaimer THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. Â 2017 Marcus & Millichap. All rights reserved. OXFORD TOWN SOUTH Oxford, MS ACT ID Y

3 PRESENTED BY Bryan Sisk National Multi Housing Group Memphis Office Tel: (901) Fax: (901) License: TN David Dorris National Multi Housing Group Memphis Office Tel: (901) Fax: (901) License: TN

4 INVESTMENT OVERVIEW 4

5 PROPERTY OVERVIEW INVESTMENT OVERVIEW Marcus & Millichap is pleased to present Oxford Town South, a community of 10 meticulously maintained identical residential homes ideally located two miles from the newly constructed 600,000 square foot Baptist Memorial Hospital and 3.5 miles from the University of Mississippi campus. Oxford Town South, constructed in 2001, is 100 percent occupied and boasts a strong historical occupancy most likely due to its close proximity to Ole Miss and over one million square feet of healthcare facilities. All floorplans are three-bedroom/three-baths, providing a great option for healthcare employees and students. Oxford Town South provides investors with an opportunity to own a wellconstructed asset in a growing market and submarket that continues to make giant strides in job creation and development. Investment Highlights 100 Percent Occupied with Strong Historical Occupancy Immediate Upside to Push Rents to Market Offered Free and Clear on an All-Cash Basis 5

6 REGIONAL MAP 6

7 AERIAL PHOTO 7

8 OXFORD TOWN SOUTH PROPERTY PHOTOS 8

9 PROPERTY PHOTOS 9

10 PROPERTY PHOTOS 10

11 FINANCIAL ANALYSIS 11

12 RENT ROLL DETAIL FINANCIAL ANALYSIS 12

13 OPERATING STATEMENT FINANCIAL ANALYSIS 13

14 PRICING DETAIL FINANCIAL ANALYSIS 14

15 MARKET RENT COMPARABLES 15

16 8 RENT COMPARABLES MAP OXFORD TOWN SOUTH (SUBJECT) The Cottages at Hooper Hollow Faulkner Flats Brittany Apartments Campus Creek Apartments The Park at Oxford Old Sardis Place Lexington Pointe

17 PROPERTY OXFORD TOWN NAME SOUTH AVERAGE RENT - MULTIFAMILY RENT COMPARABLES 3 Bedroom $2,000 $1,800 Avg. $1,428 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 Oxford Town South The Cottages at Hooper Hollow Faulkner Flats Brittany Apartments Campus Creek Apartments The Park at Oxford Old Sardis Place Lexington Pointe 17

18 PROPERTY OXFORD TOWN NAME SOUTH AVERAGE RENT/SF BY UNIT RENT COMPARABLES 3 Bedroom $2.00 $1.80 $1.60 Avg. $1.13 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $0.00 Oxford Town South The Cottages at Hooper Hollow Faulkner Flats Brittany Apartments Campus Creek Apartments The Park at Oxford Old Sardis Place Lexington Pointe 18

19 PROPERTY OXFORD TOWN NAME SOUTH RENT MARKETING COMPARABLES TEAM OXFORD rentpropertyname1 TOWN SOUTH 1-8, 10, 12 County Road 3077, Oxford, MS, rentpropertyaddress1 THE COTTAGES AT HOOPER HOLLOW 2743 S Lamar Boulevard, Oxford, MS, FAULKNER FLATS 2998 Old Taylor Road, Oxford, MS, rentpropertyname1 rentpropertyname1 rentpropertyname1 Unit Type Units SF Rent Rent/SF 3 Bedrooom 3 Bath 10 1,291 $912 $0.71 Total/Avg. 10 1,291 $912 $0.71 Unit Type Units SF Rent Rent/SF 3 Bdr 3 Bath 78 1,318 $1,878 $1.42 Total/Avg. 78 1,318 $1,878 $1.42 Unit Type Units SF Rent Rent/SF 3 Bdr 3 Bath 79 1,387 $1,627 $1.17 Total/Avg. 79 1,387 $1,627 $1.17 YEAR BUILT: 2001 YEAR BUILT: 2016 YEAR BUILT: 2014 rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1 19

20 PROPERTY OXFORD TOWN NAME SOUTH RENT MARKETING COMPARABLES TEAM BRITTANY APARTMENTS 501 Brittany Drive, Oxford, MS, CAMPUS CREEK APARTMENTS 101 Creekmore Boulevard, Oxford, MS, THE PARK AT OXFORD 1100 Park Lane, Oxford, MS, rentpropertyname1 rentpropertyname1 rentpropertyname1 Unit Type Units SF Rent Rent/SF 3 Bdr 3 Bath 45 1,230 $1,395 $1.13 Total/Avg. 45 1,230 $1,395 $1.13 Unit Type Units SF Rent Rent/SF 3 Bdr 3 Bath 44 1,281 $1,590 $1.24 Total/Avg. 44 1,281 $1,590 $1.24 Unit Type Units SF Rent Rent/SF 3 Bdr 3 Bath 3 1,100 $1,214 $1.10 Total/Avg. 3 1,100 $1,214 $1.10 YEAR BUILT: 1999 YEAR BUILT: 2005 YEAR BUILT: 1975 rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1 20

21 PROPERTY OXFORD TOWN NAME SOUTH RENT MARKETING COMPARABLES TEAM OLD SARDIS PLACE 100 Cypress Circle, Oxford, MS, LEXINGTON POINTE 2000 Lexington Pointe Drive, Oxford, MS, rentpropertyname1 rentpropertyname1 rentpropertyname1 Unit Type Units SF Rent Rent/SF 3 Bdr 3 Bath 35 1,264 $1,050 $0.83 Total/Avg. 35 1,264 $1,050 $0.83 Unit Type Units SF Rent Rent/SF 3 Bdr 3 Bath 24 1,270 $1,244 $0.98 Total/Avg. 24 1,270 $1,244 $0.98 YEAR BUILT: 2000 YEAR BUILT: 1999 rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1 21

22 PRESENTED BY Bryan Sisk National Multi Housing Group Memphis Office Tel: (901) Fax: (901) License: TN David Dorris National Multi Housing Group Memphis Office Tel: (901) Fax: (901) License: TN