2350 Whitesburg Drive Huntsville, AL 35801

Transcription

1 , Huntsville HSV - Office / Med Bldg Great Corner Location Beautiful Building with Multi Uses Ample Parking Beautifully Landscaped Near Hospital dmc@chasecommercial.com AL # No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confi rm the accuracy of the information contained herein through a due diligence review of the books, records, fi les and documents that constitute reliable sources of the information described herein. P.O. Box Huntsville, AL fax www,chasecommercial.com

2 TABLE OF CONTENTS Property Description... 3 Property Photos... 4 Location Map... 5 Aerial Map... 6 Demographics... 7 Executive Summary... 9

3 PROPERTY DESCRIPTION Office Building and Property with Improvements This nicely landscaped building has many possibilities for usage, with a good layout for offices or patient rooms. With ample parking, it is accessible from either Drake or Whitesburg Road. Located in the medical district, it is close to Huntsville Hospital and Governors Drive. This property is located at 2350 Whitesburg Drive, City of Huntsville, County of Madison and State of Alabama. This property contains approximately 3,185 gross square feet of office space situated on.23 acres of land NOTE: Operating Expenses to be verified, estimated only. page 3 of 9

4 PROPERTY PHOTOS Interior and Exterior Photos Building Front Entrance View Possible Exam Room Front Reception Desk Reception Desk Front View Conference Room Possible X-Ray/Patient Room page 4 of 9

5 LOCATION MAP page 5 of 9

6 AERIAL MAP page 6 of 9

7 DEMOGRAPHICS POPULATION 1 MILE 3 MILE 5 MILE Male 2,503 (45.52 %) 26,307 (47.08 %) 56,786 (47.71 %) Female 62,238 (54.48 %) 62,238 (52.92 %) 62,238 (52.29 %) Total Population 5,499 55, ,024 AGE BREAKDOWN 1 MILE 3 MILE 5 MILE Ages (3.86 %) 3,069 (5.49 %) 6,596 (5.54 %) Ages (5.27 %) 3,740 (6.69 %) 7,807 (6.56 %) Ages (5.33 %) 3,440 (6.16 %) 6,997 (6.56 %) Ages (5.31 %) 3,331 (5.96 %) 6,834 (5.74 %) Ages (4.98 %) 3,256 (5.83 %) 7,079 (5.95 %) Ages (4.62 %) 3,284 (5.88 %) 7,541 (6.34 %) Ages (4.47 %) 3,397 (6.08 %) 7,867 (6.61 %) Ages (5.09 %) 3,587 (6.42 %) 8,054 (6.77 %) Ages (6.07 %) 3,774 (6.75 %) 8,102 (6.81 %) Ages (7.11 %) 3,835 (6.86 %) 8,116 (6.82 %) Ages (7.06 %) 3,754 (6.72 %) 7,836 (6.58 %) Ages (6.93 %) 3,478 (6.22 %) 7,349 (6.17 %) Ages (6.58 %) 3,123 (5.59 %) 6,649 (5.59 %) Ages (6.11 %) 2,733 (4.89 %) 5,801 (4.87 %) Ages (5.38 %) 2,331 (4.17 %) 4,954 (4.16 %) Ages (4.75 %) 1,919 (3.43 %) 3,993 (3.35 %) Ages (4.07 %) 1,454 (2.60 %) 2,922 (2.45 %) Ages (7.00 %) 2,377 (4.25 %) 4,527 (3.80 %) page 7 of 9

8 DEMOGRAPHICS HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE Median Income $59,323 $35,283 $36,100 Less than $10,000 $132 $3,054 $6,119 $10,000 -$14,999 $120 $1,750 $3,773 $15,000 - $19,999 $45 $1,974 $3,767 $20,000 -$24,999 $133 $1,956 $4,147 $25,000 - $29,999 $100 $1,959 $3,393 $30,000 - $34,999 $99 $1,456 $2,899 $35,000 - $39,999 $165 $1,117 $2,480 $40,000 - $44,999 $131 $1,326 $2,465 $45,000 - $49,999 $67 $726 $1,778 $50,000 - $59,999 $233 $1,916 $4,475 $60,000 - $74,999 $337 $1,706 $3,943 $75,000 - $99,999 $377 $1,907 $4,299 $100,000 - $124,999 $190 $1,225 $2,667 $125,000 - $149,999 $115 $883 $1,775 $150,000 - $199,999 $191 $1,030 $1,827 Greater than $200,000 $159 $1,125 $1,831 HOUSING 1 MILE 3 MILE 5 MILE Housing Units 3,198 29,443 59,337 Occupied Units 2,759 26,246 53,122 Owner Occupied Units 2,226 13,296 27,748 Renter Occupied Units ,950 25,374 Vacant Units 439 3,197 6,215 RACE DEMOGRAPHICS 1 MILE 3 MILE 5 MILE Population Non Hispanic White 5,407 38,013 67,680 Population Black 68 13,466 42,569 Population Am In/Ak Nat page 8 of 9

9 EXECUTIVE SUMMARY ACQUISITION COSTS Purchase Price, Points and Closing Costs $625,000 Investment - Cash $625,000 INVESTMENT INFORMATION Purchase Price $625,000 Price per Tenant $625,000 Price per Sq. Ft. $ INCOME, EXPENSES & CASH FLOW Gross Scheduled Income $48,000 Total Vacancy and Credits ($4,320) Operating Expenses ($6,491) Net Operating Income $37,189 Debt Service $0 Cash Flow Before Taxes $37,189 FINANCIAL INDICATORS Cash on Cash Return Before Taxes 5.95% Optimal Internal Rate of Return (yr 10) 7.25% Debt Coverage Ratio N/A Capitalization Rate 5.95% Gross Income / Square Feet $15.07 Gross Expenses / Square Feet ($2.04) Operating Expense Ratio 14.86% page 9 of 9