Lakeview Towne Square€¦ · Sam Ford [email protected] 228-424-8202 Lakeview Towne Square Sale Price: $4,490,000 8.2% Good Tenant Mix CAP Rate • 35,412 SF • Multiple Tenants

www.CBCWorldwide.com 9153 Lorraine Road, Gulfport, MS 39507

(228) 287-1200 All information is believed to be true and accurate, but should be verified by Purchaser Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.

ALFONSO REALTY, INC.

Sam Ford [email protected]

228-424-8202

Lakeview Towne Square

Sale Price: $4,490,000

8.2% CAP Rate

• 35,412 SF • Multiple Tenants in Square • High Growth Area • Value Add Opportunity • Good Tenant Mix • Additional PAD Sites available • Cypress Lanes Bowling Alley NOT INCLUDED

3200 Mallett Road, D’Iberville, MS





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Locator Map





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Photos





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Photos





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*For marketing purposes only. All information to be verified by purchaser.

Additional Sites Sold Separately

Shopping Center &

Vacant Land: $4,490,000

Pad Site 2: $740,000 |

Pad Site 3: $1,075,000 | 364.44’

Pad Site 4: $1,990,000





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Sold Separately 1.88 Acres $1,075,000

Sold Separately 1.13 Acres $740,000

Included in Sale 20,000 SF Building

site and parking

The 1.88 Acre Parcel and the 1.13 Acre Parcel are not included in the sale, but can be purchased separately. The 20,000 SF building site with parking is included in sale price Property outline is for marketing purposes only and should not be used for exact property line.

PAD Sites






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**Not drawn to scale. Image used for marketing purposes only. All information should be verified by purchaser.

Additional Information





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**Not drawn to scale. Image used for marketing purposes only. All information should be verified by purchaser.

Additional Information





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Surrounding Businesses





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Tenant Name Lease Start Lease End SF Occupied Annual Rent Annual CAM Total Annual

Mullet Hop 5/15/2016 5/14/2021

15,000 2017 - $180,000 2018 - $195,000 2019 - $210,000 2020 - $225,000

$57,450 $237,450

Republic Finance 8/1/2014 7/31/2019 1,750 $24,500 $6,702 $31,196

Compass Imaging 3/5/2012 3/4/2017 *5 One Year Options

5,365 $58,196 $20,548 $79,649

Davita 6/1/2016 5/31/2026 4,200 $52,500 $16,086 $68,592

MS Asthma & Al-lergy Clinic

7/1/2016 7/31/2019 2,800 $39,200 $10,724 $49,928

Tailwaggers Salon

11/1/2015 4/30/2026 ** Rent In-creases

2,800 $36,400 ***Some free rent staggered

$10,724 $47,128

Totals $390,796 $122,234 $513,034

* Option 1 - $59,100; Option 2 - $60,780; Option 3 - $62,604; Option 4 - $64,476; Option 5 - $66,418 ** Month 1-30 - $3,033 per month; Month 31-62 - $3,266 per month; Month 63-94 - $3,500 per month; Month 95-126 - $3,733 per month; Option 1 (Month 127-163) - $3,966 per month; Option 2 (Month 164-200) - $4,200 per month *** Free Rent in Feb 2017, Sept 2017, April 2018 (CAM payable) Currently there are 3 vacancies in the center totaling 3,430 SF. Asking price is $13 per SF NNN or total of $44,590. Total Vacancy is 9.7%

Rent Roll





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Financials (2017)

Income

Actual Income $384,725 Includes free rent from Tailwaggers

CAM $146,570 (Includes CAM from Cypress Lanes after Sale)

Total Income $531,515

Expenses

CAM Alarm $2,964

CAM Electric $15,666

CAM Garbage $4,108

CAM Lawncare $9,600

CAM Insurance $25,000

CAM Management $12,000

CAM Phone $5,201

CAM Property Tax $76,000

CAM Repairs & Maintenance $4,800

CAM Water & Sewer $8,400

Total CAM $163,739

Net Income $367,776





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Survey






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Zoning Map






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Elevation Map






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Traffic Count

Documents

Lakeview Towne Square€¦ · Sam Ford [email protected] 228-424-8202 Lakeview Towne Square Sale Price: $4,490,000 8.2% Good Tenant Mix CAP Rate • 35,412 SF • Multiple Tenants