Offering Memorandum 501 N. State Street 301 S. New York Avenue Suite 200 Winter Park, FL 32789 Ph: 407-691-0505 Fx: 407-691-0506 www.holdthyssen.com 1
PROPERTY INFORMATION PROPERTY DETAILS Property Name: Bunnell Plaza Property Address: 501 N. State Street 500 N. Railroad Street Property Type: Industrial/Flex Building Size: 20,970 SF Units: 10 Retail; 9 Warehouse Approx. Parcel Size: 1.52 AC Parcel ID Number: 10-12-30-0850-01770-0010 Year Built: 1982 3
PROPERTY INFORMATION PROPERTY AERIAL 4
PROPERTY INFORMATION LOCATION Bunnell Plaza is located in Flagler County, part of the Deltona-Daytona-Ormond Beach MSA, along with Volusia county. The Volusia/Flager area is best known for its tourism industry, attracting millions of visitors each year, with Daytona Beach, Flagler Beach, New Smyrna Beach and Ormond Beach being the largest draws. N 5
PROPERTY INFORMATION PHOTOS 6
PROPERTY INFORMATION PHOTOS 7
MARKET INFORMATION AREA DEMOGRAPHICS 2015 1-mile 3-mile 5-mile Total Population 1,292 8,085 32,665 Male Population 639 3,892 15,695 Female Population 653 4,193 16,970 Total Daytime Population 2,202 8,867 28,821 Total Employees 1,236 3,189 7,942 Median Age 37 49 41 % Population Change 2000-2015 15.25% 134.76% 264.93% Total Households 400 3,170 11,963 % Household Change 2000-2015 15.61% 129.88% 240.54% Median Household Income $47,068 $48,907 $48,908 Average Household Income $57,188 $57,638 $59,948 Per Capita Income $22,693 $23,521 $22,184 Source: Loopnet 2016 8
MARKET INFORMATION SOLD COMPARABLES 1 205 W. Lambert Street Sale Date: 12/10/2015 Bldg. Size: 3,468 SF Lot Size:.24 Acres Sale Price: $200,000 Price/SF: $57.67/SF Property Type: Industrial; Warehouse 2 2 Enterprise Drive Sale Date: 08/12/2015 Bldg. Size: 5,500 SF Lot Size:.72 Acres Sale Price: $360,000 Price/SF: $65.45/SF Property Type: Industrial; Manufacturing 3 4551 N. US Hwy 1 Sale Date: 08/31/2014 Bldg. Size: 3,800 SF Lot Size: 2.07 Acres Sale Price: $320,000 Price/SF: $84.21/SF Property Type: Industrial; Business Park 9
MARKET INFORMATION SOLD COMPARABLES MAP 3 2 1 10
MARKET INFORMATION SALE COMPARABLES 1 2729 E Moody Blvd. Sale Price: $3,700,000 Price/SF: $96.30/SF Bldg. Size: 38,420 SF Lot Size: 4.83 Acres Year Built: 2003 Occupancy: 100% Property Type: Flex 2 400 Ninth Street Sale Price: $798,000 Price/SF: $83.82/SF Bldg. Size: 9,520 SF Lot Size: 1.13 Acres Year Built: 2009 Occupancy: 47.5% Property Type: Warehouse 3 703 S. State Street Sale Price: $399,000 Price/SF: $46.88/SF Bldg. Size: 8,511 SF Lot Size: 2.90 Acres Year Built: 1998 Occupancy: 91.2% Property Type: Strip Center 11
MARKET INFORMATION SALE COMPARABLES MAP 1 2 3 12
MARKET INFORMATION LEASE COMPARABLES 1 4601 E. Moody Blvd. Bldg. Size: Bldg. Type: Space Avail.: Rent/SF/Yr: 45,729 SF Retail 2,400 SF $9.00/SF MG 2 400 Ninth Street Bldg. Size: 9,520 SF Bldg. Type: Industrial Year Built: 2009 Space Avail.: 9,520 SF Rent/SF/Yr: $8.32 MG Occupancy: 0.0% 3 703 S. State Street Bldg. Size: 8,511 SF Bldg. Type: Strip Center Year Built: 1998 Space Avail.: 750 SF Rent/SF/Yr: $8.56 + Util 4 2550 N. US Highway 1 Bldg. Size: 4,750 SF Bldg. Type: Strip Center Year Built: 2004 Space Avail.: 2,000 SF Rent/SF/Yr: $10.80 MG 13
MARKET INFORMATION LEASING COMPARABLES MAP 4 1 2 3 14
OFFER OFFERING DETAILS ASKING PRICE: $1,300,000 ($62.00/SF) To schedule a showing or for more information, please contact: Robert Hold Hold Thyssen, Inc. (407) 691-0505 bhold@holdthyssen.com 17