investment property sunset plaza 2411-2505 south main st … · 2019-08-08 · 2425 donna wilson...
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FOR MORE INFORMATION
CONTACT
FOR MORE INFORMATION
CONTACT
commercial.fickling.com 577 Mulberry St, Suite 1100 * P.O. Box 310 * Macon, GA 31202 | Phone (478) 746-9421 | Fax (478) 742-2015
This information is from resources deemed to be reliable, no warranties or guarantees for accuracy are made by Fickling and Company
Larry E. Crumbley, CPM, CCIM, SIOR 478-746-9421 478-737-3381 [email protected]
Investment Property SUNSET PLAZA 2411-2505 South Main St Moultrie, GA 31768
HIGHLIGHTS
Offering Price: $2,200,000 Description: Multi-tenant retail facility (Sunset Plaza). Concrete block/brick structure with a built
up flat roof system. Property has dual visibility on a major corridor and access on two secondary roads.
Location: Located inside the city limits of Moultrie, GA approximately 1.5 miles south of down-town Moultrie
Building Size: 142,500 Rentable SF Land Area: 17.68 Acres Zoning: C-2 General Business Year Built: 1975-1985 Parcel ID: M040-120 & M041-001 Parking: Ample on-site parking Property Taxes: $34,350.18 (2019) Assessed Value: $2,239,900 Net Operating Income: $197,000 or 9.0% return on current income Tenants: Anchors include Belk and Sears. Belk will sign a term lease if Landlord makes up-
grades. (See attached) Improvements: Over $160,000 of repairs are underway.
Confidentiality Agreement Attached
INVESTMENT
HIGHLIGHTS
Potential Income
Vacancy
Effective Gross Income
Expenses
Total Expenses
NOI
Current
Occupancy
$536,000
$127,000
$409,000
$230,000
$179,000
85%
Occupancy
$602,000
$ 90,000
$512,000
$235,000
$277,000
FOR MORE INFORMATION
CONTACT
FOR MORE INFORMATION
CONTACT
commercial.fickling.com 577 Mulberry St, Suite 1100 * P.O. Box 310 * Macon, GA 31202 | Phone (478) 746-9421 | Fax (478) 742-2015
This information is from resources deemed to be reliable, no warranties or guarantees for accuracy are made by Fickling and Company
Larry E. Crumbley, CPM, CCIM, SIOR 478-746-9421 478-737-3381 [email protected]
Investment Property SUNSET PLAZA 2411-2505 South Main St Moultrie, GA 31768
FOR MORE INFORMATION
CONTACT
FOR MORE INFORMATION
CONTACT
commercial.fickling.com 577 Mulberry St, Suite 1100 * P.O. Box 310 * Macon, GA 31202 | Phone (478) 746-9421 | Fax (478) 742-2015
This information is from resources deemed to be reliable, no warranties or guarantees for accuracy are made by Fickling and Company
Larry E. Crumbley, CPM, CCIM, SIOR 478-746-9421 478-737-3381 [email protected]
Unit Tenant Size (SF) 2401 L&G Alibaba Smoke & Hookah 2,250 2403 L&G Alibaba Southern Package 2,250 2407 VACANT 1,372 2411 Dollar General 8,235 2415 Alibaba's Kitchen 1,653 2417 Sears Department 15,300 2417A VACANT 6,500 2419 DaVita Rena Treatment Centers 6,663 2423 White Feathers Antique 3,131 2425 Donna Wilson dba Ambers Again 4,000 2427 Israel Shaw 4,000 2431 Sunset Automotive 7,578 2432 VACANT 1,920 2433 Phung My Su dba Solar Nails 1,500 2435 Danny Murphy 2,022 2437 VACANT 2,625 2439 VACANT 3,500 2441 Beauty Supply 1,400 2443 Belk Department Store 45,872 2445 VACANT 7,500 2467A M.R.S. Homecare Inc. 2,500 2467B Alex Santos dba Latinos 7,000 2505 VACANT 8,450
Investment Property SUNSET PLAZA 2411-2505 South Main St Moultrie, GA 31768
FOR MORE INFORMATION
CONTACT
FOR MORE INFORMATION
CONTACT
commercial.fickling.com 577 Mulberry St, Suite 1100 * P.O. Box 310 * Macon, GA 31202 | Phone (478) 746-9421 | Fax (478) 742-2015
This information is from resources deemed to be reliable, no warranties or guarantees for accuracy are made by Fickling and Company
Larry E. Crumbley, CPM, CCIM, SIOR 478-746-9421 478-737-3381 [email protected]
Investment Property SUNSET PLAZA 2411-2505 South Main St Moultrie, GA 31768
FOR MORE INFORMATION
CONTACT
FOR MORE INFORMATION
CONTACT
commercial.fickling.com 577 Mulberry St, Suite 1100 * P.O. Box 310 * Macon, GA 31202 | Phone (478) 746-9421 | Fax (478) 742-2015
This information is from resources deemed to be reliable, no warranties or guarantees for accuracy are made by Fickling and Company
Larry E. Crumbley, CPM, CCIM, SIOR 478-746-9421 478-737-3381 [email protected]
Investment Property SUNSET PLAZA 2411-2505 South Main St Moultrie, GA 31768
FOR MORE INFORMATION
CONTACT
FOR MORE INFORMATION
CONTACT
commercial.fickling.com 577 Mulberry St, Suite 1100 * P.O. Box 310 * Macon, GA 31202 | Phone (478) 746-9421 | Fax (478) 742-2015
This information is from resources deemed to be reliable, no warranties or guarantees for accuracy are made by Fickling and Company
Larry E. Crumbley, CPM, CCIM, SIOR 478-746-9421 478-737-3381 [email protected]
Investment Property SUNSET PLAZA 2411-2505 South Main St Moultrie, GA 31768
2019 Demographics 1 mile 3 mile 5 mile
Population 2,417 14,688 24,623
Avg. HH Income $48,734 $49,535 $47,385
Median Age 42.2 36.5 35.3
FOR MORE INFORMATION
CONTACT
FOR MORE INFORMATION
CONTACT
commercial.fickling.com 577 Mulberry St, Suite 1100 * P.O. Box 310 * Macon, GA 31202 | Phone (478) 746-9421 | Fax (478) 742-2015
This information is from resources deemed to be reliable, no warranties or guarantees for accuracy are made by Fickling and Company
Larry E. Crumbley, CPM, CCIM, SIOR 478-746-9421 478-737-3381 [email protected]
• Moultrie is a predominantly agricultural-based community.
• Home to National Beef which expanded operations and will increase to 650 employees.
• Bud-K (international soft goods) recently expanded to 150 employees.
• New $12 million dollar development that includes Publix-anchored grocery store and retail
center will employee 250± people.
• Sanderson Farms has over 1,400 employees.
• New Development, Philadelphia College of Osteopathic Medicine (PCOM) South Georgia
campus, includes 76,000 SF of gross building area and will be a four year campus that will
house an opening class of 55 students. Opening in late 2019.
• Colquitt Regional Medical Center is a 99-bed acute care hospital serving Colquitt, Worth,
Mitchell, Tift and Thomas counties.
• 22 Miles west of Interstate 75 .
• 55 Miles north of Interstate 10.
• 14 Truck lines serve Moultrie on a daily basis.
Investment Property SUNSET PLAZA 2411-2505 South Main St Moultrie, GA 31768
FOR MORE INFORMATION
CONTACT
FOR MORE INFORMATION
CONTACT
commercial.fickling.com 577 Mulberry St, Suite 1100 * P.O. Box 310 * Macon, GA 31202 | Phone (478) 746-9421 | Fax (478) 742-2015
This information is from resources deemed to be reliable, no warranties or guarantees for accuracy are made by Fickling and Company
Larry E. Crumbley, CPM, CCIM, SIOR 478-746-9421 478-737-3381 [email protected]
Investment Property SUNSET PLAZA 2411-2505 South Main St Moultrie, GA 31768
FOR MORE INFORMATION
CONTACT
FOR MORE INFORMATION
CONTACT
commercial.fickling.com 577 Mulberry St, Suite 1100 * P.O. Box 310 * Macon, GA 31202 | Phone (478) 746-9421 | Fax (478) 742-2015
This information is from resources deemed to be reliable, no warranties or guarantees for accuracy are made by Fickling and Company
Larry E. Crumbley, CPM, CCIM, SIOR 478-746-9421 478-737-3381 [email protected]
PROPERTY INSPECTION Prospective Purchasers will have the opportunity to visit the Property during prescheduled property tours. These tours will include access to a representative sampling of stores. Please contact Larry Crumbley at 478-737-3381 or email [email protected]. OFFER SUBMISSION Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of Purchaser’s offer including but not limited to: 1) offer price, 2) due diligence and closing time frame, 3) Earnest Money Deposit, 4) a description of the debt/equity structure and 5) proof of funds. OFFERS SHOULD BE DELIVERED TO FICKLING & CO. INC. AS FOLOWS Larry Crumbley Fickling & Company Inc. PO Box 310 577 Mulberry Street, Suite 1100 Macon, Georgia 31202 Telephone (478) 746-9421 / Facsimile (478) 742-2015 E-mail: [email protected] DEPOSIT, CONTRACT AND CLOSING After an offer has been accepted by the owner, the Prospective Purchaser will be required to comply with the fol-lowing schedule: The Purchase and Sale Agreement, which will be prepared by Seller, must be negotiated and executed within a reasonable time frame following receipt of notice that Seller has accepted the offer. A maximum 30-day feasibil-ity period will be allowed. The Property is offered for sale on an “as is, where is” basis. CLOSING Closing will be held at the offices of a Title company or Law firm at the direction of Seller. Selection of location to be determined by Seller.
Investment Property SUNSET PLAZA 2411-2505 South Main St Moultrie, GA 31768
CONFIDENTIALITY REGISTRATION AGREEMENT PROPERTY Fickling & Company (F&C) has been retained on an exclusive basis by Owner, (the “Owner”) with respect to the offering for sale of 2505 South Main Street Sunset Plaza Shopping Center (the “Property”). The Owner has indicated that all inquiries and communications with respect to the contemplated sale of such Property be directed to F&C. All fees due F&C in connection with the sale of the Property shall be paid by the Owner. Potential Purchaser agrees that owner shall be responsible for paying only the fees as listed in a separate written agreement to agents representing Potential Purchas-er. F&C has available for review certain information concerning the Property (“Informational Materials”). F&C will not disclose such Informational Materials to Potential Purchaser unless and until the Potential Purchaser has executed this Agreement. In connection with the possible purchase of the Property subject to the following conditions. Potential Purchaser agrees to keep all information not otherwise publicly available strictly confidential. The Informational
Materials will be used solely for the purpose of the Potential Purchaser and may not be copied or duplicated without F&C written consent and must be returned to F&C immediately upon F&C’s request or when the Potential Purchaser terminates negotiations with respect to the Property.
The Informational Materials may be disclosed to the Potential Purchaser’s partners, employees, legal counsel and institu-tional lenders (“Related Parties”), for the purpose of evaluating the potential purchase of the Property. Potential Pur-chaser agrees to obtain related parties consent to maintain confidentiality.
The Potential Purchaser understands and acknowledges that F&C and the Owner do not make any representations or warranty as to the accuracy or completeness of the Informational Materials and that the information used in the prepa-ration of the Informational Materials was furnished to F&C by others and has not been independently verified by F&C and is not guaranteed as to completeness or accuracy.
The Potential Purchaser hereby indemnifies and holds harmless F&C and the Owner and their respective affiliates and successors and assigns against and from any loss, liability or expense, including attorney’s fees, arising out of any breach of any of the terms of this Agreement including, without limitation, claims for brokerage commissions from any agent representing Potential Purchaser.
Potential Purchaser will not contact directly any of the owners’ employees, suppliers, or tenants.
The Potential Purchaser acknowledges that the Property has been offered for sale subject to withdrawal from the market, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any prospec-tive purchaser, or for any other reason whatsoever, without notice. The Potential Purchaser acknowledges that the Property is being offered without regard to race, creed, sex, religion, or national origin. This agreement terminates one (1) year from the date hereof except as to written claims by Owner or F&C against Potential Purchaser prior thereto.
The Potential Purchaser understands that the Broker represents Owner and any other Brokers fees must be agreed to in writing.
If in agreement with the foregoing, please return one signed copy of this agreement to Fickling & Company Inc. Attention: Larry E. Crumbley Fax (478) 742-2015, email: [email protected], or mail to PO Box 310, 577 Mulberry Street, Suite 1100, Macon, Georgia 31201.
□ POTENTIAL PURCHASER
□ I AM A BROKER acting as principal: ACCEPTED AND AGREED TO THIS ________ DAY OF _________________________________ 2019 ____________________________________________ (SIGNATURE) NAME: _______________________________________ TITLE: _______________________________________ EMAIL: _______________________________________
COMPANY: __________________________ ADDRESS: ___________________________ CITY, STATE, ZIP: _______________________________
PHONE NUMBER: _______________________________ FAX NUMBER: __________________________________