$2,295,000 QUALITY INCOME PRODUCING INVESTMENT! Fully-Leased Medical Office Building This 3-Unit Class-A building is located in Haywood Medical Park North in Waynesville, NC. SEE INSIDE FOR MORE INFORMATION!
18 Bowman Drive Toothland, LLC (the Seller ), through G/M Property Group, LLC as its exclusive agent, is soliciting offers for the purchase of 18 Bowman Drive, Waynesville, Haywood County, North Carolina 28785 ( the Property ). EXECUTIVE SUMMARY OFFERING TERMS Seller seeks offers from qualified buyers to acquire the Property. The Property will be conveyed by general warranty deed and is available on an As Is basis subject to a due diligence period. INVESTMENT HIGHLIGHTS Fully-leased ±8,645 SQFT 3-unit modern Class-A medical office building in outstanding condition, located on ±0.99 acres in Waynesville, NC. Currently leased to Yurko Dental, Haywood Regional Medical and Smoky Mountain Eye Care, with 6, 5 and 9 years respectively remaining on the leases. Purchase of the entire Property provides a solid investment opportunity for those in the market for income producing property. Prime Haywood County location: Located within Haywood Office Park North ±2 miles from Haywood Regional Medical Center ±4 miles from downtown Waynesville Easy access from downtown Waynesville and surrounding area via US Highway 19/23, a 4-lane highway that serves as the area s main regional connector. Other businesses in the office park include Yarrington Physical Therapy, Rockcliff Oral & Facial Surgery, and Great Beginnings Pediatric Dentistry. Class-A building, ample on-site paved parking; attractive landscaping; handicap accessible. Haywood Office Park North Building G
INVESTMENT SUMMARY PRICE $2,295,000 CAP RATE 7.00% (in-place income) BUILDING AREA ±8,645 SQFT PRICE PER SQUARE FOOT $265.47 LAND AREA ±0.99 acres PRICE PER ACRE $2,318,182 YEAR BUILT 2008 PARKING ±52 spaces ROAD FRONTAGE ±270 on Bowman Drive and ±115 on Crabtree Road / NC Hwy 209 TRAFFIC COUNTS ±8,600 vehicles daily on Crabtree Road / NC Hwy 209 LEGAL PIN: 8627-10-8959 Deed Bk/Pg: 632/1788 2015 PROPERTY TAXES $9,071.54 ZONING None GENERAL DESCRIPTION Fully-occupied 3-unit medical/dental office building with triple net leases. Built in 2008, this facility features hi-quality, modern finishes inside and out, ample parking, and prime location, surrounded by mutliple active, complementary businesses in Haywood Office Park North in Waynesville, NC. MARKET SUMMARY STATS Haywood County population: 58,855 City of Franklin population: 9,841 2 hospitals and 1 urgent care in county The Property is located in Waynesville, North Carolina (county seat), the largest town in WNC west of Asheville, and a regional center for business, commerce, tourism, and shopping. Outstanding access located within the Haywood Office Park North medical office park, and ±2 miles), a major east-west corridor connecting many of the southeast s metropolitan areas including: Little Rock, 2015 PROPERTY ASSESSMENT/TAXES ASSESSMENT AMOUNT JURISDICTION RATE/$100 8627-10-8959: $148,500 Haywood County: $0.5661 Land: $148,500 Lake Junaluska Fire: $0.075 Building: $1,145,000 SO-1 (Junaluska Sanitation): $0.06 Total: $1,293,900 Total Rate: $0.7011 DEMOGRAPHICS Arkansas; Memphis, Knoxville, and Nashville, TN; Asheville, Winston-Salem, Greensboro, Durham, Raleigh, and Wilmington, NC. Haywood County has been a growth area within western North Carolina, supported by manufacturing, agriculture, health care, construction, and tourism. Overall long-term prospects for growth in the region are good, and the area s infrastructure is growing to meet traffic flow and utility service demand. 30 minutes from downtown Asheville, the area s largest metropolitan area (population 68,889). 2013 DEMOGRAPHICS 1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS Population 1,095 13,240 25,420 Median Age 57 46 46 Average Household Income $87,591 $44,891 $43,764
HAYWOOD OFFICE PARK NORTH BUILDING G UNIT A UNIT B UNIT C YURKO DENTAL OCCUPIED DUKE LIFEPOINT / HAYWOOD MEDICAL CENTER SMOKY MOUNTAIN EYE CARE BUILDING G ELEVATION BUILDING DESCRIPTION YEAR BUILT 2008 GROSS AREA ±8,645 SQFT FOUNDATION Concrete slab FRAME Wo od FLOOR COVERINGS Vinyl, carpet, vinyl/ ceramic tile EXTERIOR FINISH Brick veneer and stucco INTERIOR FINISH Metal studs with painted drywall DOORS Wood & glass, wood ROOF Gabled wood trusses with architectural shingles GUTTERS Aluminum CEILINGS Acoustical tiles with fluorescent and incandescent lighting HVAC Six (6) heat pumps ELECTRICAL Standard commercial grade PLUMBING Standard commercial grade RESTROOMS Eleven (11), all handicap accessible ELEVATORS None, one level SPRINKLERS None
Russ Ave Asheville Rd Evergreen Packaging Dellwood Rd Lake Junaluska Conference & Retreat Center Lowes Asheville Rd Great Smoky Mountains Expy South Lakeshore Dr Lake Junaluska North Lakeshore Dr Haywood County Health & Planning Department Old Clyde Rd SUBJECT Crabtree Rd County Rd SITE DESCRIPTION LOCATION Haywood Office Park North, a thriving business park (primarily medical/health) just off US Hwy 19/23/74 Exit 105 ±0.5 miles from US Hwy 19/23 ±3.5 miles from I-40 ±2 miles from Haywood Regional Medical Center ACCESS Bowman Drive via Crabtree Road / NC Hwy 209 TRAFFIC COUNTS ±8,600 vehicles daily on Crabtree Road / NC Hwy 209 SITE AREA ±0.99 acres PARKING ±52 spaces ROAD FRONTAGE ±270 on Bowman Drive and ±115 on Crabtree Road / NC Hwy 209 UTILITIES Water - Lake Junaluska Sewer - Lake Junaluska Electricity - Progress Energy TOPOGRAPHY Level FLOOD ZONE None SITE WORK Paved asphalt parking area Two access points Attractive landscaping Concrete curbing ZONING None EASEMENTS/RESTRICTIONS See Declaration of Covenants, Conditions & Restrictions
LOCATION ADDRESS 18 Bowman Drive Waynesville, NC 28785 GPS COORDINATES 35.529109, -82.960829 All information is from sources deemed reliable. No warranty nor representation is made as to the accuracy thereof and all information above is subject to errors, omissions or change without notice. FOR MORE INFORMATION Please contact one of our agents at Jeremy Goldstein John Menkes Keaton Edwards G/M PROPERTY GROUP, LLC P.O. Box 18723 Asheville, NC 28814 (828) 281-4024 www.gmproperty.com jgold@gmproperty.com jmenk@gmproperty.com kedwards@gmproperty.com