CEDAR POINTE DRIVE 3 CONDOS FOR SALE 148 CEDAR POINTE DR MOORESVILLE, NC Paula Quickel Senior Advisor

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1 CEDAR POINTE DRIVE 3 CONDOS FOR SALE 148 CEDAR POINTE DR MOORESVILLE, NC Paula Quickel Senior Advisor paula.quickel@svn.com Spencer Crigler Associate Advisor spencer.crigler@svn.com SVN COMMERCIAL REAL ESTATE ADVISORS WEST CATAWBA AVENUE SUITE 102, CHARLOTTE, NC SALE BROCHURE

2 Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 2

3 Property Summary OFFERING SUMMARY Sale Price: $1,055,000 Suite 102 $515,000 Suite 103 $275,000 Suite 104 $265,000 PROPERTY OVERVIEW Investment or Owner/User property in Talbert Pointe Industrial Park in Mooresville, NC. This property is currently 50% leased but leases are all short term. Owner has done so to allow the flexibility if someone were to want to purchase the property to occupy themselves or to use as a stable investment. Tenants will entertain signing longer term leases. PROPERTY HIGHLIGHTS Purchase (1), (2) or all (3) condos Property offers complete access to drive around the building Lot Size: 1.3 Acres Class A Industrial/Flex space Suite 102: 5,000 SF Year Built: 2001 Building Size: 10,000 SF Suite 103: 2,500 SF Suite 104: 2,500 SF Price / SF: $105.5 CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 3

4 Additional Photos CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 4

5 Location Maps CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 5

6 Aerial Map CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 6

7 Retailer Map CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 7

8 Demographics Map POPULATION 1 MILE 5 MILES 10 MILES 1,882 52, , Median age (Male) Median age (Female) MILE 5 MILES 10 MILES ,410 50,788 # of persons per HH Average HH income $60,374 $74,839 $85,674 Average house value $184,061 $287,635 $290,646 Total population Median age HOUSEHOLDS & INCOME Total households * Demographic data derived from 2010 US Census CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 8

9 Sale Comps SUBJECT PROPERTY 148 Cedar Pointe Dr, Sale Price: $930,454 Lot Size: 1.3 Acres Year Built: 2001 Building SF: 9,999 SF Price PSF: $93.05 Cap: 7.75% NOI: $72,110 1 INFIELD CT 134 Infield Court Sale Price: $1,300,000 Year Built: 2008 Building SF: 11,920 SF Price PSF: $ CAP: 7.38% Closed: 07/20/2016 Occupancy: 100% Flex /Showroom purchased by tenant 1 2 AMITY HILL 3137 Amity Hill Rd Troutman, NC Sale Price: $625,000 Lot Size: 6.78 Acres Year Built: 1995 Building SF: 9,000 SF Price PSF: $69.44 Occupancy: 100% Industrial building on 6.78 acres 2 CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 9

10 Sale Comps 3 BYERS CREEK 207 Byers Creek Sale Price: $1,400,000 Building SF: 15,430 SF Price PSF: $90.73 Industrial building for sale or lease Lot Size: 3.44 Acres Year Built: CROSSLAKE 117 Crosslake Sale Price: $1,600,000 Building SF: 17,603 SF Price PSF: $90.89 Investment Industrial Property Lot Size: 2.6 Acres Year Built: TALBERT PARK 124 Talbert Park Sale Price: $1,233,500 Building SF: 11,487 SF Price PSF: $ Investment Industrial Proeprty Lot Size: 1.16 Acres Year Built: CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 10

11 Sale Comps 6 CAYUGA 138 Cayuga Sale Price: $1,190,000 Year Built: 2018 Building SF: 12,000 SF 6 Price PSF: $99.17 Shell Condition Industrial building CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 11

12 Sale Comps Summary SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS Cedar Pointe Drive 148 Cedar Pointe Dr $930,454 9,999 SF $ % - SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE Infield Ct 134 Infield Court Amity Hill 3137 Amity Hill Rd Troutman, NC Byers Creek 207 Byers Creek Crosslake 117 Crosslake Talbert Park 124 Talbert Park Cayuga 138 Cayuga $1,300,000 11,920 SF $ % - 07/20/2016 $625,000 9,000 SF $ On Market $1,400,000 15,430 SF $ On Market $1,600,000 17,603 SF $ On Market $1,233,500 11,487 SF $ On Market $1,190,000 12,000 SF $ On Market PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE Totals/Averages $1,224,750 12,907 SF $ % - CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 12

13 Sale Comps Map SUBJECT PROPERTY 148 Cedar Pointe Dr, INFIELD CT Infield Court AMITY HILL Amity Hill Rd Troutman, NC BYERS CREEK Byers Creek CROSSLAKE Crosslake TALBERT PARK Talbert Park CAYUGA Cayuga CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 13

14 Advisor Bio & Contact 1 PAULA QUICKEL PROFESSIONAL BACKGROUND Senior Advisor Paula Quickel is a Senior Advisor with SVN, Cornelius, NC. A graduate from Meredith College with a B.S. in Business Management. Following graduation, she spent over 8 years as a National Account Manager with American City Business Journals, selling print advertising in 3 different Motorsports publications. Paula and her husband spent over 15 years in residential building & development while raising their two children and have been a resident to the Lake Norman area for over 22 years.she delivers exceptional customer service, accountability, years of proven work ethic and competitive marketing & sales experience to the SVN Charlotte Commercial Team & 2017 Top Producer EDUCATION B.S. Business Management, Meredith College, Raleigh, NC Specialties Tenant Representation, Landlord Representation, Leasing & Sales of Retail,Industrial, Land and Mobile Home Parks. Investment Brokerage West Catawba Avenue Suite 102 Charlotte, NC T C paula.quickel@svn.com NC # MEMBERSHIPS & AFFILIATIONS Charlotte Region Commercial Board of Realtors, North Carolina Realtors Association, CoStar TRANSACTIONS SALE - Retail, Land, Industrial, Office, Mobile Home Parks, Investments LEASE - Office, Industrial,Retail, Tenant Representation, Single Tenant Investments, build-to-suit CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 14

15 Advisor Bio & Contact 2 SPENCER CRIGLER Associate Advisor PROFESSIONAL BACKGROUND Spencer is a hardworking and driven young individual with a bright mind and prides himself on being current with commercial real estate trends. Specializing in investment sales his marketing background helps bring the most prospective clients to the table. In 2 years of real estate Spencer has successfully closed deals in the following product types; retail, industrial, flex, office and multi-family. His great networking connections through BNI also separates himself from the rest of the competition by being more than just a broker, but a reliable businessman that can provide a multitude of professionals to assist any clients needs. Accomplishments: 2016 "Rookie of the Year" 2017 "Broker Elite Program" 2017 "Top Listing Broker" Spencer stands by 3 important values for commercial real estate; Integrity, Honesty and Expertise! West Catawba Avenue Suite 102 Charlotte, NC T C spencer.crigler@svn.com NC # EDUCATION Bachelor of Science in Business Administration in Marketing from the University of North Carolina at Charlotte MEMBERSHIPS & AFFILIATIONS Product Councils Retail Multi-family Industrial CEDAR POINTE DRIVE 148 CEDAR POINTE DR MOORESVILLE, NC SVN Commercial Real Estate Advisors Page 15

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