FOR SALE THE BELL BUILDINGS
EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $1,599,000 Cap Rate: 10.9% NOI: $174,291 Lot Size: 1.53 Acres Year Built: 1930 Building Size: 42,515 Zoning: Central Business District Market: Jackson Metropolitan Submarket: Downtown PROPERTY OVERVIEW This perfectly located downtown mix-use building is a combination of warehouse, office, and retail. The building encompasses most of a city block stretching from South State Street to Commerce Street. The property includes a multitude of successful and established tenants including George Bell Rug Cleaning Company, Jaco' s Tacos, One Block East, Bell & Associates Law Firm, CCS Computer Solutions, Flechas & Associates Law Firm, CJ' s Event Space, and others. This significant investment opportunity in the rapidly revitalizing urban core is available now. PROPERTY HIGHLIGHTS Rare Downtown Investment Opportunity Fantastic Central Business District Location Successful and Established Tenants Traffic Count: 17,000 Price / SF: $37.61
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DEMOGRAPHICS MAP POPULATION 1 MILE 5 MILES 10 MILES Total population 2,549 124,760 310,149 Median age 30.3 31.7 32.8 Median age (male) 31.2 30.1 31.2 Median age (Female) 29.7 33.0 34.2 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households 991 44,604 113,795 # of persons per HH 2.6 2.8 2.7 Average HH income $33,122 $45,804 $55,706 Average house value $70,514 $149,781 $153,166 * Demographic data derived from 2010 US Census
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ADVISOR & BIO CONTACT 1 STERLING MCCOOL REALTOR P.O. Box 4644 Jackson, MS 39296 T 601.366.8511 x312 C 601.624.3227 sterling@overby.net MS #49678 PROFESSIONAL BACKGROUND A third generation real estate professional and second generation auctioneer in the state of Mississippi, Sterling has aspired to be in the real estate and auction industries since a young age. He grew up working at and attending his father's historic real estate and significant antebellum home auctions. Sterling attended Mississippi State University acquiring his B.B.A. in business management. Shortly thereafter, with the goal of building a versatile brand, he quickly acquired his real estate, auctioneer's, and contractor's license within a year's span. He began working as a consultant to buyers, sellers, and leasing clients within the Jackson Metropolitan area winning "rookie of the year" his first year in the business. Since, he has been helping buyers and sellers in the central Mississippi market through the traditional and auction method. Winning many awards, most recently a finalist in Clarion s Ledger s Best Of 2015. The scope of his work stretches from small investor clients to million dollar commercial sales. EDUCATION Mississippi State University - Bachelor of Business Administration - Business Management MEMBERSHIPS & AFFILIATIONS Member - National Association of Realtors Member - Mississippi Association of Realtors Member - Central Mississippi Realtor's Association Member - National Auctioneer's Association Member - Mississippi Auctioneer's Association
ADVISOR BIO & CONTACT 2 SCOTT OVERBY, CCIM Principal Broker The Overby Company, Inc. P.O. Box 4644 Jackson, MS 39296 T 601.366.8511 C 601.624.8511 scott@overby.net PROFESSIONAL BACKGROUND Serving as president and principal broker for The Overby Company since 2003, Scott employs a distinctive blend of experienced real estate savvy and complex financial expertise to provide strategic consulting and brokerage services to commercial real estate investors and owners at all levels of complexity and experience. Beginning a theme park career as a seasonal employee in 1986, Scott held a number of management positions at several parks before becoming Director of Operations for Six Flags America in 1998. In addition to park operations, Scott also assumed company-wide responsibilities for operational standardization at thirty-nine U.S. properties. The broad focus covering property operations and risk management combined with a detailed emphasis to the bottom line proved to be instrumental in Scott s transition into commercial brokerage and development in 2003. He earned the coveted CCIM (Certified Commercial Investment Member) designation in 2008 after successfully completing a process that ensures proficiency not only in theory, but also in practice. Scott has been honored annually for his sales and leasing volume amongst his peers and received the Power Broker 2015 firm awards for Top Leasing Firm and Top Sales Firm and the Power Broker 2015 individual awards for Sales, Retail Leasing and Industrial Leasing. He remains active in a variety of professional, civic and cultural organizations and currently serves as Past-President of the Mississippi Commercial Association of REALTORS, as a Director for the CCIM Chapter of Mississippi, as a Director for the Greater Jackson Arts Council and as the President for Friends of Children s Hospital. His wife Amanda oversees The Overby Company s residential division. They have two daughters - Isabella, 15 and Avery, 12. His third child is a 145 pound Great Dane named Vince. EDUCATION George Mason University, Bachelor of Arts in Communications and Marketing, 1993 MEMBERSHIPS & AFFILIATIONS 2016 Mississippi Commercial Association of REALTORS, President 2016 Central Mississippi MLS, Director 2016 CCIM Mississippi Chapter, Director Central Mississippi REALTORS (CMR) Building Owners and Managers Association International (BOMA) Institute of Real Estate Management (IREM)