OFFERING SUMMARY

Sale Price: $1,600,000

Number Of Units: 32

Cap Rate: 7.77%

NOI: $124,297

Building Size: 24,672 SF

Market: Greenville MSA

Submarket: Ayden

Price / SF: $64.85

PROPERTY OVERVIEWSpringdale Apartments offers the opportunity to purchase a fully leasedthirty-two unit multi family property. This property contains a good unit mixthat provides the ability to offer multiple price points and meet a variety ofhousing needs. The below market rents and short term nature of the leasesprovide the buyer an immediate opportunity to deploy a value add strategywithout much capital expense. There is additional land that could bepurchased for expansion that is not a part of this sale. Located in Ayden,Springdale apartments provides the small town atmosphere while providingeasy access to the amenities of a larger metropolitan area in Greenville.

PROPERTY HIGHLIGHTS

• 32 Units

• 100% Occupied

• Cathedral Ceilings in second floor units

• HVAC & Washer Dryer Hook Ups

• Gas Fireplaces in Duplex Units

• Outside Storage

• Private balconies/patios

Springdale Apartments

SPRINGDALE APARTMENTS | 4465 G MAGELLAN COURT, AYDEN, NC 28513 SVN | Percival Partners | Page 1

Additional Photos

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Location Maps

SPRINGDALE APARTMENTS | 4465 G MAGELLAN COURT, AYDEN, NC 28513 SVN | Percival Partners | Page 3

4600 Park Rd.Suite 370Charlotte, NC 28209T 704.632.1030C 704.995.9168jamey.cox@svn.comNC #271431SC #82527

PROFESSIONAL BACKGROUND

Career HighlightsJamey has been active in the commercial construction, real estate brokerageand development business for over 17 years. All of which were based fromthe Charlotte, NC region with projects along the east coast. Project typeshave included office buildings, industrial and flex space and mixed usedevelopments. Jamey was part of the critical path team on national marketexpansion for major retailer Crate and Barrel and CB2.

Focusing primarily on real estate brokerage since 2011, Jamey has assistsclients with a broad array of real estate needs including sales, leasing andmanagement. Working in commercial investment sales Jamey has clientswho are active in retail shopping centers, multifamily and self storage. Jameyrepresents self storage clients in North and South Carolina. Jamey is active inlisting properties as well as buyer representation.

Jamey joined SVN Percival Partners in 2015 and now serves as VicePresident.

EDUCATION

Bachelor of Science Mathematics - Appalachian State University

MEMBERSHIPS & AFFILIATIONS

Jamey is an active member of the following organizations:

Charlotte Region Commercial Board of RealtorsNorth Carolina Association of RealtorsLicensed real estate broker in North CarolinaLicensed real estate broker in South CarolinaArgus Self Storage Sales Network NC/SC

JAMES COX

Vice President/Advisor

Advisor Bio & Contact Information

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