8106 Old Kings Road S - Sale Brochure 2020-02-13¢  kings park 8106 old kings road south jacksonville,

  • View
    1

  • Download
    0

Embed Size (px)

Text of 8106 Old Kings Road S - Sale Brochure 2020-02-13¢  kings park 8106 old kings road south...

  • KINGS PARK 8106 OLD KINGS ROAD SOUTH JACKSONVILLE, FL 32217

    Tim Herbert Advisor 904.401.1370 tim.herbert@svn.com

    SVN | ALLIANCE COMMERCIAL REAL ESTATE ADVISORS | 3316A BEACH BLVD., JACKSONVILLE, FL 32207 SALE BROCHURE

  • OFFERING SUMMARY

    Sale Price: $1,300,000

    Cap Rate: 8.56%

    NOI: $111,270

    Lot Size: 0.69 Acres

    Year Built: 2008

    Building Size: 14,663 SF

    Zoning: PUD

    Market: San Marco

    Submarket: Brierwood

    Price / SF: $88.66

    Parking: 60 Spaces

    PROPERTY OVERVIEW

    SVN | Alliance is proud to bring this fantastic neighborhood retail strip center to market. Strategically positioned North of Baymeadows Road and South of Powers Avenue this property boasts an incredibly dense residential population and strong traffic counts. This property is an ideal location for a variety of uses. Current under market rents give massive upside potential to substantially increase returns on this already producing property.

    PROPERTY HIGHLIGHTS

    • Ideal 1031 Exchange

    • Under Market Rents give the new owner an opportunity to add even more value to this property

    • 16.12% Actual Cash on Cash Return

    • 9.8% Pro-forma Cap Rate

    • No Deferred Maintenance on this Pristine Property

    Property Summary

    KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 2 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

    completeness. All SVN® offices are independently owned and operated.

  • *Pro-Forma modeling assumes filling vacant unit and modest rent increase across the center to long term month to month tenants

    currently paying under market rates.

    INVESTMENT OVERVIEW CURRENT *PRO-FORMA

    Price $1,300,000 $1,300,000

    Price per SF $88.66 $88.66

    CAP Rate 8.6% 9.8%

    Cash-on-Cash Return (yr 1) 16.12 % 22.51 %

    Total Return (yr 1) $64,941 $81,572

    Debt Coverage Ratio 1.6 1.84

    OPERATING DATA CURRENT PRO-FORMA

    Gross Scheduled Income $151,804 $168,435

    Total Scheduled Income $151,804 $168,435

    Vacancy Cost $0 $0

    Gross Income $151,804 $168,435

    Operating Expenses $40,534 $40,534

    Net Operating Income $111,270 $127,901

    Pre-Tax Cash Flow $41,902 $58,533

    FINANCING DATA CURRENT PRO-FORMA

    Down Payment $260,000 $260,000

    Loan Amount $1,040,000 $1,040,000

    Debt Service $69,368 $69,368

    Debt Service Monthly $5,780 $5,780

    Principal Reduction (yr 1) $23,039 $23,039

    Financial Summary

    KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 3 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

    completeness. All SVN® offices are independently owned and operated.

  • Additional Photos

    KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

    completeness. All SVN® offices are independently owned and operated.

  • KINGS PARK | 8106 OLD KINGS ROAD SOUTH JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 5 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

    completeness. All SVN® offices are independently owned and operated.

    Additional Photos

  • Site Plan

    KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 6 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

    completeness. All SVN® offices are independently owned and operated.

  • KINGS PARK | 8106 OLD KINGS ROAD SOUTH JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 7 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

    completeness. All SVN® offices are independently owned and operated.

    Retailer Map

  • Location Maps

    KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 8 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

    completeness. All SVN® offices are independently owned and operated.

  • POPULATION 1 MILE 3 MILES 5 MILES

    Total population 8,656 57,266 154,468

    Median age 38.2 35.9 36.0

    Median age (Male) 35.5 34.2 34.4

    Median age (Female) 42.8 38.6 38.1

    HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

    Total households 3,795 24,150 65,078

    # of persons per HH 2.3 2.4 2.4

    Average HH income $59,047 $65,329 $67,142

    Average house value $196,928 $221,263 $265,464

    * Demographic data derived from 2010 US Census

    Demographics Map

    KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 9 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

    completeness. All SVN® offices are independently owned and operated.

  • KINGS PARK | 8106 OLD KINGS ROAD SOUTH JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 10 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

    completeness. All SVN® offices are independently owned and operated.

    FL #SL3411949

    TIM HERBERT

    Advisor

    tim.herbert@svn.com Direct: 904.401.1370 | Cell: 904.401.1370

    PROFESSIONAL BACKGROUND Tim Herbert is an Advisor of SVN | Alliance, with over 16 years as an investor and commercial real estate representation. Tim’s experience encompasses site selection, lease negotiations and asset underwriting through numerous entrepreneurial ventures. Tim is also a member of the Corporate Real Estate Services team on a national basis, which has an extensive client base and global capabilities.

    A licensed real estate agent in FL, Tim has a strong focus in retail landlord representation, tenant representation, and property sales. Tim excels at repositioning properties in which to maximize profits for his clients. Tim draws heavily on extensive experience as a small business owner and manager to assist others in realizing the potential of their real estate portfolios from the viewpoint of both owner and tenant. Leveraging this background gives Tim a unique perspective on the value that can be created for his clients in any given transaction.

    Tim Herbert serves as the treasurer to the North Florida Chapter of CCIM. He is also active in ICSC, the Jacksonville Chamber of Commerce and has acted as a consultant for the Citizens of Orange Park for Economic Development. In addition to work, Tim enjoys spending time with his daughter, fishing and rock climbing. Tim also enjoys the creative process through painting, photography and traditional leather work.

    The SVN organization is comprised of over 1,600 Advisors and staff in more offices in the United States than any other commercial real estate firm and continues to expand across the globe. Geographic coverage and amplified outreach to traditional, cross-market, and emerging buyers and tenants is the only way to achieve maximum value for our clients. This is why we proactively promote properties and share fees with the entire industry. This is our unique Shared Value Network and just one of the many ways that SVN Advisors create amazing value with our clients, colleagues and communities.

    In 2016 and 2017 we were named the 6th most recognized commercial real estate brand by the Lipsey Company.

    SVN | Alliance is located in Jacksonville, Florida and provides sales, leasing, tenant representation, and corporate real estate services. SVN advisors represent clients in billions of dollars annually in auction, distressed assets, golf and resorts, hospitality, industrial, institutional capital markets, land and development, medical office, multifamily, office, restaurant, retail self storage, single family rental portfolios and single tenant investments. All SVN offices are independently owned and operated.

    MEMBERSHIPS

    ICSC Jax Chamber of Commerce CCIM North District Treasurer

    SVN | ALLIANCE COMMERCIAL REAL ESTATE ADVISORS 3316A Beach Blvd.

    Jacksonvill