MEDICAL OFFICE BUILDING

Transcription

1 MEDICAL OFFICE BUILDING Emory Clinic, 3345 Hwy 34, Sharpsburg, GA Exclusively offered by Edify CRE, LLC

2 2 MEDICAL OFFICE BUILDING Property Summary 3345 Hwy 34, Sharpsburg, GA Price $1,795,000 Rentable Square Feet 7,582 Price/Square Foot $237 Gross Building Area 7,582 Occupancy 100% Leased Tenants Emory Healthcare Georgia OB/GYN Acreage 1.48 acres Zoning Commercial Municipality Sharpsburg, Coweta County, Georgia

3 3 MEDICAL OFFICE BUILDING Investment Highlights 3345 Hwy 34, Sharpsburg, GA Price $1,795,000 Price per SF $ Net Operating Income $171,084 Cap Rate 9.53% Unleveraged 10 Year IRR 8.6% Leveraged 10 Year IRR 15.22%

4 4 MEDICAL OFFICE BUILDING Valuation Summary Property Information Property Name Emory Clinic Address 3345 East Highway 34 City Sharpsburg State GA Zip 30,277 Country Portfolio Property Type Office & Retail Property Size 7,582 SqFt Average Occupancy % Analysis Start January 2018 Reporting Start January 2018 End Date December 2027 General Inflation 2.00% Expense Inflation 2.00% CPI Inflation 2.00% Market Rent Inflation 2.00% General Vacancy Rate 0.00% Credit Cash Flow & Collection & Returns Loss 0.00% Initial Purchase Price $1,795,000 Total Purchase Price $1,795,000 Net Operating Income $171,084 Derived Cap Rate 9.53% Cash Flow Before Debt Service $171,084 Cash to Purchase Price 9.53% Debt Funding $1,256,500 Loan to Purchase Price 70.00% Initial Equity Contribution $538,500 Cash Flow Distribution $75,693 Cash to Initial Equity 14.06% Unleveraged IRR 8.60% Leveraged IRR 15.22% Net Operating Income Summary Cash Flow (Year 1) $Amount $/SqFt Potential Gross Revenue $193,601 $25.53 Effective Gross Revenue 193, Operating Expenses (22,517) (2.97) Net Operating Income 171, Cash Flow Before Debt 171, Debt Service (95,391) (12.58) Cash Flow After Debt $75,693 $9.98 Cap Rate Matrix - Unleveraged Cap Rates 7.00% $2,140,088 $1,996,507 $1,865, % 1,999,819 1,868,698 1,748, % 1,890,721 1,769,291 1,658,296 Cap Rate Matrix - Leveraged Cap Rates 7.00% $1,080,188 $1,001,149 $929, % 939, , , % 830, , ,113 Unleveraged Present Value Analysis For the Annual PV of CF Analysis Period Year End Cash 8.00% Year 1 Dec , ,411 Year 2 Dec , ,576 Year 3 Dec ,210 89,076 Year 4 Dec , ,879 Year 5 Dec-22 57,313 39,006 Year 6 Dec ,145 96,508 Year 7 Dec ,737 92,038 Year 8 Dec ,472 87,778 Year 9 Dec ,344 83,714 Year 10 Dec-27 97,255 45,048 Total Cash Flow 1,433, , % 1,931, ,664 Total Present Value $1,868,698 Per SqFt Percentage Value Distribution Assured Income 29.98% Prospective Income 22.14% Prospective Property Resale 47.88% Total %

5 5 MEDICAL OFFICE BUILDING Floor Plan

6 6 MEDICAL OFFICE BUILDING Location Map 3345 Hwy 34 Sharpsburg, GA

7 7 MEDICAL OFFICE BUILDING Aerials 3345 Hwy 34 Sharpsburg, GA 3345 Hwy 34 Sharpsburg, GA

8 8 MEDICAL OFFICE BUILDING Demographic & Income Profile 3345 Hwy 34, Sharpsburg, GA 5 mile radius Data Obtained From

9 9 MEDICAL OFFICE BUILDING Medical Expenditures 3345 Hwy 34, Sharpsburg, GA 5 mile radius Data Obtained From

10 10 MEDICAL OFFICE BUILDING

11 1029 Peachtree Pkwy Suite 323 Peachtree City, GA FOR INFORMATION CONTACT Brad Jubin, CCIM