MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE HATTIESBURG, MS 39402 Joshua Blackledge, CCIM Senior Advisor 601.264.4622 jblackledge@svn.com Gene Carothers, CCIM Managing Director 601.264.4622 gene.carothers@svn.com Chamberlan Carothers, CCIM, CPM Managing Director 601.264.4622 x205 ccarothers@svn.com SVN Southgate Realty, LLC 1700 S. 28th Avenue, Suite C, Hattiesburg, MS 39402 OFFERING MEMORANDUM
Property Summary OFFERING SUMMARY Sale Price: $355,500 PROPERTY OVERVIEW This 1.02 acre site is located within The Market at Bellevue retail center. The center includes: Corner Market Grocery, Eagle Transportation LLC, The Pain Clinic, Smiles Ahead Orthodontist, Dr. Megan Sumrall Lott, and Citizens Bank of Bellevue. Lot Size: Zoning: Market: Submarket: 1.02 Acres N/A Hattiesburg Bellevue PROPERTY HIGHLIGHTS Cash to Seller 1.02 acres Great location for Development Access to utilities Located within a Flood Hazard Zone Traffic Count: 42,000 MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 2
Property Description PROPERTY OVERVIEW This 1.02 acre site is located within The Market at Bellevue retail center. The site is located within Flood Hazard Zone AE with a base flood elevation of 319.18 ft. According to the engineer's report, most of the site is above the BFE level. Buyer to verify slab height restrictions. The site has access to utilities. LOCATION OVERVIEW Going West along Hwy 98 from Hattiesburg, the property is on the right before you get to the Hwy 589 intersection located directly behind Citizens Bank of Bellevue in The Market at Bellevue retail center. MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE, HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 3
Proposed Area MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE, HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 4
Survey MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE, HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 5
Property Photos MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 6
MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 7
Aerial Map Market at Bellevue MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE, HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 8
Demographics Report 1 MILE 5 MILES 10 MILES Total population 1,438 26,549 91,216 Median age 39.8 33.1 32.1 Median age (male) 40.8 33.0 31.4 Median age (female) 38.8 33.4 32.8 Total households 539 10,504 35,928 Total persons per HH 2.7 2.5 2.5 Average HH income $135,176 $79,285 $58,532 Average house value $157,028 $161,399 * Demographic data derived from 2010 US Census MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE, HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 9
Demographics Map POPULATION 1 MILE 5 MILES 10 MILES Total population 1,438 26,549 91,216 Median age 39.8 33.1 32.1 Median age (male) 40.8 33.0 31.4 Median age (Female) 38.8 33.4 32.8 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households 539 10,504 35,928 # of persons per HH 2.7 2.5 2.5 Average HH income $135,176 $79,285 $58,532 Average house value $157,028 $161,399 * Demographic data derived from 2010 US Census MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE, HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 10
Advisor Bio JOSHUA BLACKLEDGE, CCIM Senior Advisor PROFESSIONAL BACKGROUND Josh recently joined SVN Southgate Realty after 8 years in lending and 2.5 years in real estate brokerage. 1700 S. 28th Avenue Suite C Hattiesburg, MS 39402 T 601.264.4622 C 601.323.0157 jblackledge@svn.com A graduate of the University of Mississippi, Josh earned a B.S. in Business Administration and began his professional career in the field of commercial and residential real estate lending. He soon integrated his position in finance with real estate, and used his specialized background to complete numerous transactions and forge productive industry relationships across the Mississippi market. Blackledge recently earned his CCIM designation, uniquely qualifying him to integrate his banking experience and realty expertise to satisfy clients' needs across the decision-making continuum. As Senior Advisor, he specializes in the sales and leasing of industrial, multifamily, office and retail properties. EDUCATION B.S in Business Administration-University of Mississippi University of Mississippi Undergraduate School of Banking CCIM MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 11
Advisor Bio GENE CAROTHERS, CCIM Managing Director 1700 S. 28th Avenue Suite C Hattiesburg, MS 39402 T 601.264.4622 C 601.270.4307 gene.carothers@svn.com PROFESSIONAL BACKGROUND Eugene (Gene) Carothers is a clear leader in both the Hattiesburg and Mississippi Multifamily industries. With nearly 40 years experience working with multifamily properties and as the founder of SVN Southgate Realty, LLC., Gene has proven himself as both an advocate for investors as well as the people who call Southgate properties home. His intense focus on making Southgate Hattiesburg s premier rental property company has led to the growth and success of 15 beautiful communities and the blossoming careers of 19 dedicated employees. The Certified Commercial Investment Member (CCIM) designation is reserved for the best and brightest minds of the commercial investment industry. In 1999 Gene earned this designation and has continued to foster a culture of education and professional advancement throughout his team and company. Now, Southgate carries the designation of the most accredited property management company in South, MS. Mr. Carothers knows that for Southgate to continue to grow and succeed, the entire multifamily industry must do the same. He proves his dedication to constant advancement and industry growth through his ongoing membership in the Hattiesburg Area Board of Realtors, the Commercial Division of the Mississippi Association of Realtors, the Hattiesburg Apartment Association, and the Greater Hattiesburg Area Development Partnership. Eugene is married to Frances Byrd Carothers and they have three sons Bob, Chuck, and Chamberlan. They are active members in the Main Street United Methodist Church in Hattiesburg. MEMBERSHIPS & AFFILIATIONS CCIM MS Commercial Association of Realtors MARKET AT BELLEVUE PAD SITE THE MARKET AT BELLEVUE HATTIESBURG, MS 39402 SVN Southgate Realty, LLC Page 12