confidential offering - loopnetimages3.loopnet.com/d2/...2uzuya_8nupiuqlmejhiwi/document.pdf ·...

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CONFIDENTIAL OFFERING Red Hawk Realty LLC Commercial Real Estate Services Bruce Carnegie Broker Tel: 732.220.1700 Fax: 732.418.9115 Cell: 609.217.9582 [email protected] 41 Bayard Street, Suite 201 New Brunswick, New Jersey 08901

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Page 1: CONFIDENTIAL OFFERING - LoopNetimages3.loopnet.com/d2/...2UzUyA_8NuPiuQlMEJHiwI/document.pdf · CONFIDENTIAL OFFERING Red Hawk Realty LLC Commercial Real Estate Services ... Town

CONFIDENTIAL OFFERING

Red Hawk Realty LLCCommercial Real Estate Services

Bruce CarnegieBroker

Tel: 732.220.1700 • Fax: 732.418.9115 Cell: 609.217.9582 • [email protected]

41 Bayard Street, Suite 201 • New Brunswick, New Jersey 08901

Page 2: CONFIDENTIAL OFFERING - LoopNetimages3.loopnet.com/d2/...2UzUyA_8NuPiuQlMEJHiwI/document.pdf · CONFIDENTIAL OFFERING Red Hawk Realty LLC Commercial Real Estate Services ... Town

PROPERTY SUMMARY

The listed properties are located within one of the most significant redevelopment projects in Burlington County. The Willingboro Town Center has become the hub of education, employ-ment, shopping, professional office, and residence, in Willingboro Township. The Willingboro Town Center includes, the ACME grocery store, Willingboro Public Library, Strayer University, Rowan College at Burlington County, Benjamin Banneker Charter School, Dollar Tree, Will-ingboro Square, Merck Pharmaceutical, and many other stores and businesses. This exciting redevelopment has energized the entire market area. The Willingboro Town Center services the densely populated municipalities of Willingboro, Burlington Township, Edgewater Park, Burl-ington City, Beverly, Delran, Delanco, and Florence trade area population of over 130,000.

The properties represent an excellent investment opportunity, with a rent roll that consists of stabilized long term tenants. The existing leases all have been extended, and represent the type of continuity desired by long term investors.

DEMOGRAPHICS

3 miles

Population: 193, 142 Average HH Income: $80, 028 Number of Employees 87, 529 Total Businesses 7,072

Page 3: CONFIDENTIAL OFFERING - LoopNetimages3.loopnet.com/d2/...2UzUyA_8NuPiuQlMEJHiwI/document.pdf · CONFIDENTIAL OFFERING Red Hawk Realty LLC Commercial Real Estate Services ... Town

IDENTIFICATION OF THE PROPERTY

Location: Route 130 & Levitt Parkway Willingboro Township Burlington County New Jersey

Legal Identification: Block 3 Lots 4.09 & 4.10

Ownership: Renewal Willingboro, LLC

Zoning: Town Center Option

Land Area: Approximately 4.7 Acres

Building Sizes: School Building (21, 200 square feet +,-) Retail Building (14, 786 square feet +,-)

Page 4: CONFIDENTIAL OFFERING - LoopNetimages3.loopnet.com/d2/...2UzUyA_8NuPiuQlMEJHiwI/document.pdf · CONFIDENTIAL OFFERING Red Hawk Realty LLC Commercial Real Estate Services ... Town

RENEW AL WILLINGBORO LLC

2017 RENT ROLL

Monthly Rent Annual Rent Location Sq. Foot as of 1/2017 as of 1/2017

College Bldg.

1 15,899 $ 26,065 $ 312,781 2 4,691 $ 8,871 $ 106,452

Retail Bldg.

A-1 1,475 $ 2,500 $ 30,000 A-2 1,593 $ 2,694 $ 32,327

B 1,435 $ $ C&D 2,914 $ 4,845 $ 58,134 E&F 2,561 $ 5,015 $ 60,183 G&H 4,808 $ 8,887 $ 106,647

35,376 $ 706,524

Tenant Name

Strayer University Benjamin Banneker Charter School

Dry Cleaners lmani Real Estate Vacant Olympia Sports Beauty Connection Allied Dental

Total College and Retail Building

All rents are modified Gross. Tenants pay all utilites.

Information contained herein has been obtained from the Owner of the Property, or from sources deemed reliable.

We have no reason to doubt its accuracy, but make no warranty or representation.

All information is submitted subject to errors, ommissions, changes, withdrawal without notice and any special listing conditions

of the Owner.

Rent PSF as of 1/2017

19.67 22.69

20.34 20.29

19.95 23.50 22.18

RENEWAL WILLINGBORO LLC2017 RENT ROLL

Page 5: CONFIDENTIAL OFFERING - LoopNetimages3.loopnet.com/d2/...2UzUyA_8NuPiuQlMEJHiwI/document.pdf · CONFIDENTIAL OFFERING Red Hawk Realty LLC Commercial Real Estate Services ... Town

RENEW AL WILLINGBORO LLC 2017 PROJECTED NOi

INCOME:

Rental Income

Reimbursements-Strayer

Willingboro Township Reimbursements

EXPENSES:

(2016 Actual)

Common Area Electric & Gas

Repairs, Mantenance, & Trash

Insurance

Professional Fees

Water & Sewer

Legal

Telephone

Landscaping & Snow Removal

Management Fee (3%)

Admin & Misc.

Pilot Program & Special Assessment*

Total Expenses:

Net Operating Income:

*2017 Pilot Tax Program

*2017 Special Assessment (reduces each year)

$ $ $

$

$ $ $ $ $ $ $ $ $ $ $

$

$

$ $ $

706,524

145,374

20,103

872,001

6,711

44,695

33,912

645

7,435

1,799

1,457

42,692

21,600

2,949

134,123

298,018

573,983

95,872

38,251

134,123

Information contained herein has been obtained from the Owner of the Property, or from sources deemed reliable.

We have no reason to doubt its accuracy, but make no warranty or representation.

All information is submitted subject to errors, ommissions, changes, withdrawal without notice and any special listing conditions

of the Owner.

RENEWAL WILLINGBORO LLC2017 NOI

Page 6: CONFIDENTIAL OFFERING - LoopNetimages3.loopnet.com/d2/...2UzUyA_8NuPiuQlMEJHiwI/document.pdf · CONFIDENTIAL OFFERING Red Hawk Realty LLC Commercial Real Estate Services ... Town
Page 7: CONFIDENTIAL OFFERING - LoopNetimages3.loopnet.com/d2/...2UzUyA_8NuPiuQlMEJHiwI/document.pdf · CONFIDENTIAL OFFERING Red Hawk Realty LLC Commercial Real Estate Services ... Town
Page 8: CONFIDENTIAL OFFERING - LoopNetimages3.loopnet.com/d2/...2UzUyA_8NuPiuQlMEJHiwI/document.pdf · CONFIDENTIAL OFFERING Red Hawk Realty LLC Commercial Real Estate Services ... Town