INVESTMENT PROPERTY FOR SALE MULTI …...FOR SALE MULTI TENANT INDUSTRIAL PARK 335 MCGHEE ROAD SANDPOINT, ID 83864 Guy Byrd Designated Broker 509.953.5109 [email protected] Tony Mukhamediyev

SVN | CORNERSTONE | 1311 N. WASHINGTON ST., SUITE C, SPOKANE, WA 99201 SALE BROCHURE

INVESTMENTPROPERTYFOR SALEMULTI TENANTINDUSTRIAL PARK335 MCGHEE ROADSANDPOINT, ID 83864

Guy ByrdDesignated [email protected]

Tony MukhamediyevAssociate [email protected]

OFFERING SUMMARY

Sale Price: $1,035,000

Cap Rate: 8.81%

NOI: $91,162

Lot Size: 1.56 Acres

Year Built: 1993

Building Size: 20,000 SF

Zoning: Commercial

Price / SF: $51.75

JD Lumber multi-tenant industrial complex is located in beautiful Sandpoint, Idaho. This investment opportunity offers two(2) 10,000 Square foot buildings with 8 industrial units each featuring abundant office and high-quality industrial shoparea for a small business. The investment property is ideal for a passive investor or a hands-on owner /manager.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Value Add Property - CLA

• 7 Industrial Units - 2,500 SF Each and 2 Office Units of 790 SF & 1710 SF

• $115,750 estimated Gross income August 2018

• 58 miles South of Canadian border

• 185 miles West of Missoula, Montana

• 50 miles North of Coeur d'Alene, Idaho

• 75 miles North East of Spokane, Washington

• 1.4 miles to US Highway 2

• Two buildings each 10,000 square feet

• 7 Industrial Units - 2,500 SF Each and 2 Office Units of 790 SF & 1710 SF

• $115,750 estimated Gross income August 2018

LD Lumber Industrial Park - Property Summary

JD LUMBER BUSINESS PARK INVESTMENT PROPERTY | 335 MCGHEE ROAD SANDPOINT, ID 83864 SVN | Cornerstone | Page 2All SVN® offices are independently owned and operated.


TENANTNAME

UNITNUMBER

UNITSIZE (SF)

LEASERENEWAL LEASE END

ANNUALRENT

MONTHLYRENT

% OFBUILDING

PRICEPER SF/YR

PRICE

PER SF/MO

Panhandle Pump 323 Suite 103 2,500 7/1/2018 6/30/2019 $15,000 $1,250 12.5 $6.00/YR $.50/MO

D&Z Auto 323 Suite 105 2,500 7/1/2018 6/30/2019 $15,000 $1,250 12.5 $6.00/YR $.50/MO

Minex 323 Suite 107 2,500 8/1/2018 8/31/2019 $15,000 $1,250 12.5 $6.00/YR $.50/MO

Bob's Maintenance & Repair 323 Suite 109 2,500 3/10/2018 2/28/2019 $12,600 $1,050 12.5 $5.04/YR $.42/MO

Monarch Marble & Granite 335 Suite 103/104 3,290 8/1/2017 7/31/2018 $17,280 $1,440 16.45 $5.25/YR $.44/MO

Three Amigos Plumbing 335 Suite 105 1,710 3/1/2018 2/28/2019 $8,400 $700 8.55 $4.91/YR $.41/MO

Travels Are Grand 335 Suite 107 2,500 11/15/2018 11/14/2019 $15,000 $1,250 12.5 $6.00/YR $.50/MO

Wray Plumbing 335 Suite 109 2,500 6/1/2018 5/31/2019 $15,000 $1,250 12.5 $6.00/YR $.50/MO

Totals/Averages 20,000 $113,280/YR $9,440/MO 100% $5.65/YR $.47/MO

Rent Roll


INVESTMENT OVERVIEW

Price $1,035,000Price per SF $51.75CAP Rate 8.81%Cash-on-Cash Return 20% Down (yr 1) 15.40%Debt Coverage Ratio @ 6% Interest 1.87

OPERATING DATA

Gross Scheduled Income $113,280Vacancy Cost -5,644Gross Income $107,636Taxes -6,000Insurance -2,400Cleaning & Maint. -2,006Snow & Grounds -2,771Sewer -1,344Water -1,953Total Operating Expenses -16,474Net Operating Income $91,162Pre-Tax Cash Flow $31,887

FINANCING DATA

Down Payment 20%Loan Amount $207,090Debt Service @ 6% annual interest rate $828,000

$59,275

Financial Summary


JD Lumber Industrial Park


ABOUT THE AREA

• Sandpoint is often referred as a “hidden gem” it is situated along shores of beautiful

Lake Pend Oreille in Northern Idaho. Lake Pend Oreille is Idaho largest lake that is 43

miles long. City is surrounded by major mountain ranges with most amazing

breathtaking panoramic views. Schweitzer Mountain Ski Resort is one of the top Idaho’s

tourist destinations for families and recitation enthusiasts.

• Sandpoint is a thriving business community with mix of strong manufacturing industry

and consistent tourism economy. Area previously was predominantly mining and

timber industries, now this area offers a variety of employment opportunities from

various different business sectors.

• Median home prices in 4th Quarter of 2017 sitting at $210,000 puts it $36,000 lower

than the national average. Makes Sandpoint to be reasonable place to raise a family.

• City also shows in its steadily increasing population up 8.5% since 2000

• The lively community of Sandpoint offers year-round recreation every year, over 2

million visitors come to the area to enjoy the variety of outdoor activities, local

entertainment and festivals. Schweitzer Mountain provides abundance of fun for skiers,

hikers, and outdoor enthusiast, at the same time city offers breweries, wineries,

shopping and art galleries to entertain tourists and residents.

• Sandpoint’s Lake Pend Oreille is the largest lake in Idaho at 43 miles long. Silverwood

Theme Park and Boulder Beach Water Park – half an hour from Sandpoint. Schweitzer

Mountain Resort is open year-round, with 2,900 acres of terrain and surrounded by the

Selkirk, Cabinet and Coeur d’Alene mountain ranges. Local area offers variety of

wineries, breweries, art galleries and film festivals.

Sandpoint, ID


Sandpoint Property Aerial

1311 N. Washington St.Suite CSpokane, WA 99201T 509.953.5109C [email protected] #17968ID #DB35767

PROFESSIONAL BACKGROUND

Guy D. Byrd is the Managing Director and designated Broker for SVN Cornerstone in Spokane, Washington. He grew up in Spokane

area and graduated from Montana State University in 1985. Having lived his entire life in the Northwest he is ingrained into the

fabric of the Spokane Community and surrounding area. He began his Commercial Real Estate career in 1985 and continues to be

and active broker and leader throughout the regions Commercial Real Estate community. As the founder of SVN Cornerstone, Guy

and his associate advisors serve clients throughout Eastern Washington, North Idaho and across the country by offering their

clients powerful resources from the most collaborative Commercial Real Estate company in the world. Service with international

reach and local presence provides a distinctive advantage to better serve all SVN Cornerstone clients. Having acquired the SVN

affiliation in 2015, he is leading the emergence of the SVN brand and offices throughout Eastern Washington and North Idaho. Since

the beginning of his Commercial Real Estate career in 1985 Guy has spent the last 32 years serving a broad array of clients, Guy

has completed over 2,000 transactions with a total transaction volume exceeding over $2 billion in value. Guy continues to be an

active CCIM Candidate, member of ICSC, Greater Spokane Inc., a current member and former president of the Spokane Commercial

Real Estate Traders Club. He is also involved with the community in support of Public and Parochial Schools on which he has

served on numerous boards panels and fundraising campaigns. Guy is an active outdoor enthusiast who enjoys the outdoors, lake

time and an occasional round of golf. Married to Shawna Byrd in 1987 Guy and Shawna have three children who are in various

stages of completing their college educations.

EDUCATION

Bachelor of Arts degree in Business Marketing from Montana State University

Designated Broker's Real Estate License in the States of Washington and Idaho

MEMBERSHIPS & AFFILIATIONS

International Council of Shopping Centers (ICSC) member

CCIM Candidate

Greater Spokane Incorporated (GSI) member

Spokane Commercial Real Estate Traders Club (President 1995), National Association of Realtors at both the local and national level

Washington State Commercial Association of Realtors

Manito Golf and Country Club member.

GUY BYRD

Designated Broker


Advisor Bio & Contact 1

1311 N. Washington St.Suite CSpokane, WA 99201T 415.310.4120C [email protected] #124480ID #SP44681

PROFESSIONAL BACKGROUND

Tony comes to SVN with a background in investment banking and more than ten years of experience in financial dataanalysis, modeling and forecasting.Prior to joining SVN he was employed with the boutique investment bank, Qatalyst Partners. Founded by the famedSilicon Valley deal maker, Frank Quattrone. Tony started at Qatalyst in their early years of operation and helped itbecome a major global player in the technology sector. During his time at Qatalyst, Tony assisted with M&A transactionssuch as the sale of National Semiconductor to Texas Instruments ($6.5 billion), sale of Autonomy to Hewlett-Packard($11.7 billion), and Google’s acquisition of Motorola Mobility ($12.5 billion).Tony graduated from Wartburg College in Iowa with degrees in Finance and Accounting. While at Wartburg he was amember of the wrestling team and helped them capture back-to-back NCAA national championships in 2003 and 2004.After a decade in the San Francisco Bay Area, Tony currently resides in Coeur d’Alene, Idaho. As a former collegiateAll-American wrestler he thrives on staying physically active and enjoys golfing, tennis, skiing, triathlons and assistingwith coaching the nationally-recognized North Idaho College (NIC) wrestling team.Here at SVN Cornerstone, Tony’s dedication and determination are manifested in his primary focus: facilitating access tothe unique investment opportunities available in the Pacific Northwest, including assisting with a large-scale interstateand international transactions.

TONY MUKHAMEDIYEV

Associate Advisor


Advisor Bio & Contact 2


Disclaimer

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receivingthese materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct,and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fullyexecuted and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.

Documents

INVESTMENT PROPERTY FOR SALE MULTI …...FOR SALE MULTI TENANT INDUSTRIAL PARK 335 MCGHEE ROAD SANDPOINT, ID 83864 Guy Byrd Designated Broker 509.953.5109 [email protected] Tony Mukhamediyev