HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 Spencer Crigler Associate Advisor 704.892.5653 spencer.crigler@svn.com Kyle Kennedy, CAM Associate Advisor 704.892.5653 kyle.kennedy@svn.com SVN COMMERCIAL REAL ESTATE ADVISORS 19901 WEST CATAWBA AVENUE SUITE 102, CHARLOTTE, NC 28031 OFFERING MEMORANDUM
1 PROPERTY INFORMATION 2720 Holden Beach Rd Holden Beach, NC 28462 HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 2
Property Summary Additional Photos Property Description Complete Highlights Site Plan Approved Plan LOCATION INFORMATION 10 Regional Map Location Maps Aerial Map Additional Photos DEMOGRAPHICS 15 Additional Photos Demographics Report Additional Photos Additional Photos ADVISOR BIOS 20 Advisor Bio & Contact 1 Advisor Bio & Contact 2 Back Page HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD, HOLDEN BEACH, NC 28462 OFFERING MEMORANDUM
Property Summary OFFERING SUMMARY Sale Price: $29,000,000 Lot Size: 59.91 Acres PROPERTY OVERVIEW SVN is pleased to offer this unique opportunity to own approximately 60 acres located on the intracoastal waterway of Holden Beach. With over 2,000 feet of water frontage this stunning piece of property is quite a site to see. Zoning: Density MR-3200 815 units by right Allowable density as per MR3200 is 13.6 units/acre of multi-family apartments, townhomes, condos or senior living which would equate to 815 units by right. Potential for additional units. Potential for retail and mixed use development. Retail and The waterfront access of the intracoastal waterway gives residents would have access to the already existing dock with boat slips. There is also potential to add additional docks. Price / SF: $11.11 The 0.72 acre island shown in the drone flyovers can be built on to suit for an additional clubhouse or open aired pavilion. HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 4
Additional Photos HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 5
Property Description LOCATION OVERVIEW Ranked among the Top 10 Family Beaches in the US by National Geographic s, TRAVELER Magazine, Holden Beach is a barrier island, located on the southern coast of North Carolina. Holden beach is pleasantly situated about an hour south of Wilmington, NC and an hour north of Myrtle Beach, SC. Holden Beach is a true island, surrounded by water on all sides. It is nestled between the Lockwood Folly Inlet on the east and Shallotte River on the west. The Intracoastal Waterway is on the north and Atlantic on the south. Holden Beach's shores extend for eleven miles, making the longest shoreline of all the South Brunswick Islands. HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 6
Complete Highlights SALE HIGHLIGHTS +/- 60 acres Preliminary site plan for 763 units Approximately 13 units per acre Building heights permitted for up to 6 floors City Water and Sewer Approximately 1,500 foot dock with boat slips Potential to add additional docks Access to clubhouse HOA control included in sale, ask broker for additional information Town highly in favor of retail and mixed use development HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 7
Site Plan HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 8
Approved Plan HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 9
2 LOCATION INFORMATION 2720 Holden Beach Rd Holden Beach, NC 28462 HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 10
Regional Map HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 11
Location Maps HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 12
Aerial Map HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 13
Additional Photos HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 14
3 DEMOGRAPHICS 2720 Holden Beach Rd Holden Beach, NC 28462 HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 15
Additional Photos HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 16
Demographics Report 1 MILE 5 MILES 10 MILES Total population 953 13,726 32,057 Median age 47.8 47.5 47.0 Median age (male) 48.3 46.7 46.4 Median age (female) 46.3 47.1 47.7 Total households 452 6,556 14,770 Total persons per HH 2.1 2.1 2.2 Average HH income $59,467 $52,032 $53,790 Average house value $142,930 $169,361 $222,856 Total Population - White 843 11,977 28,095 % White 88.5% 87.3% 87.6% Total Population - Black 23 830 2,522 % Black 2.4% 6.0% 7.9% Total Population - Asian 17 80 132 % Asian 1.8% 0.6% 0.4% Total Population - Hawaiian 0 0 0 % Hawaiian 0.0% 0.0% 0.0% Total Population - American Indian 0 21 78 % American Indian 0.0% 0.2% 0.2% Total Population - Other 6 87 186 % Other 0.6% 0.6% 0.6% Total Population - Hispanic 55 559 1,154 % Hispanic 5.8% 4.1% 3.6% * Demographic data derived from 2010 US Census HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 17
Additional Photos HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 18
Additional Photos HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 19
4 ADVISOR BIOS 2720 Holden Beach Rd Holden Beach, NC 28462 HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 20
Advisor Bio & Contact 1 SPENCER CRIGLER Associate Advisor PROFESSIONAL BACKGROUND Spencer recently graduated from the University of North Carolina at Charlotte as a Bachelor of Science in Business Administration in Marketing. He is a hardworking and driven young individual with a bright mind and familiar with commercial real estate trends. Specializing in retail investment sales and leasing, the marketing background helps bring the most prospective clients to the table. 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. Spencer was awarded "Rookie of the Year" in 2016 in his first 6 months as a broker! Stands by 3 important values for commercial real estate; Integrity, Honesty and Expertise! 19901 West Catawba Avenue Suite 102 Charlotte, NC 28031 T 704.892.5653 C 336.706.1290 spencer.crigler@svn.com NC #286755 HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 21
Advisor Bio & Contact 2 KYLE KENNEDY, CAM Associate Advisor PROFESSIONAL BACKGROUND Multifamily specialist representing buyers and sellers of investment properties in the Charlotte area, and throughout North Carolina. Kyle graduated from Virginia Tech with a degree in Real Estate and Residential Property Management in 2013. After College Kyle pursued his Real Estate career in Charlotte, NC. He has the CAM(Certified Apartment Manager) designation and 4 years of Property Management/Commercial Real Estate experience. His expertise in Apartments allows Kyle to critique a property from the inside out, giving his clients a full understanding of the property on the investment side, market in which the property is located, and strategy for best management practices. Kyle Determines his clients needs and financial abilities in order to propose solutions that suit them best while always keeping his clients interest first. Having the experience, skills, and extensive market knowledge throughout Charlotte, and the allows him to analyze properties in order to propose solutions that meet his clients best interest. Kyle has delivered results for owners of individual properties and apartment portfolios. He is an expert on REO dispositions, acquisitions, and new development. 19901 West Catawba Avenue Suite 102 Charlotte, NC 28031 T 704.892.5653 C 304.910.9750 kyle.kennedy@svn.com NC #283921 EDUCATION Virginia Polytechnic Institute and State University (2009-2013) Bachelor of Science (BS) Residential Property Management, Real Estate "Graduates find themselves employed in various aspects of the industry including management, operations, marketing, human resources, development, and acquisitions. Each year, only a few students in the world graduate with degrees that prepare them specifically for these positions. Students in the RPM option are exposed to all aspects of the property management field through a curriculum that includes specific property management courses, as well as general business, housing, and real estate courses. Graduates enter the profession with a broad understanding of the issues and challenges faced by the multifamily housing industry, as well as extensive first-hand experience gained through required internships offered by companies throughout the United States". http://www.ahrm.vt.edu/housing/residential_property_management_option.html MEMBERSHIPS & AFFILIATIONS CRCBR HOLDEN BEACH MULTI-FAMILY LAND 2720 HOLDEN BEACH RD HOLDEN BEACH, NC 28462 SVN Commercial Real Estate Advisors Page 22
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