Upload
others
View
4
Download
0
Embed Size (px)
Citation preview
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
Coldwell Banker Commercial
Legacy Real Estate Group
2435 Fitzgerald Industrial Drive
Suite 102
Bowling Green, KY 42104
www.Cbclegacy.com
270-781-3844
Travis AyersPhone: (270) 779-1918
Stephen StucyPhone: (270) 392-1255
17,150 Square Foot Building
$3,2350,000 – 6.08% Cap Rate
5.92 Acres
Freight Liner Dealership
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
PROPERTY
• 17,150 Square Feet
• 5.92 Acres
• Zoned Light Industrial
• ½ Mile from I-65 Exit 22
• Visibility on I-65
LEASE
• Neely Coble
• Freight Liner Dealership
• $197,760 a year
• 3% Annual Increases
• 6 Years Remaining
• One 5 year Option
• NNN Lease
• 6.08% Cap
MARKET INFORMATION
The South Central Kentucky Area is experiencing a period of solid job growth and low unemployment. This has led
to strong residential home sales and higher demand for commercial property. Commercial and Industrial Rents are
on the rise.
ABOUT COLDWELL BANKER COMMERCIAL LEGACY REAL ESTATE GROUP
Coldwell Banker Commercial Legacy Real Estate Group is one of the most respected leaders in commercial real
estate. For over 20 years the firm has been actively involved in all facets of commercial and industrial real estate
from full service brokerage to the development of several Bowling Green areas.
ABOUT THE COLDWELL BANKER COMMERCIAL® ORGANIZATION
With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial
organization comprises almost 190 companies and 2,800 professionals throughout the U.S.
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
PROPERTY PHOTOS
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
ROAD MAP
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
AERIAL
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
MAPS & AERIALS
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
MAPS & AERIALS
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
MAPS & AERIALS
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
MAPS & AERIALS
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
CONTACT INFORMATION
For more information, please contact:
COLDWELL BANKER COMMERCIAL
Legacy Real Estate Group
2435 Fitzgerald Industrial Drive
Bowling Green, KY 42104
Phone: (270) 781-3844
Fax: (270) 783-0046
John F Huggins
President & CEO
Phone: (270) 781-3844
Fax: (270) 783-0046
Mobile: (270)-791-4397
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
CONTACT INFORMATION
For more information, please contact:
COLDWELL BANKER COMMERCIAL
Legacy Real Estate Group
2435 Fitzgerald Industrial Drive
Bowling Green, KY 42104
Phone: (270) 781-3844
Fax: (270) 783-0046
Stephen Stucy
Commercial Real Estate
Mobile: (270)-392-1255
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
CONTACT INFORMATION
For more information, please contact:
COLDWELL BANKER COMMERCIAL
Legacy Real Estate Group
2435 Fitzgerald Industrial Drive
Bowling Green, KY 42104
Phone: (270) 781-3844
Fax: (270) 783-0046
Travis Ayers
Commercial Real Estate
Mobile: (270)-779-1918
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
WHY COLDWELL BANKER COMMERICAL
LEGACY REAL ESTATE GROUP
BACKGROUND
Totally committed to quality results through conscientious attention to detail and
service, Coldwell Banker Commercial Legacy Real Estate Group is one of the
leading full service commercial real estate companies. We offer brokerage,
leasing, property management and consulting services for owners, investors,
and tenants of office, industrial, retail and multi-family residential properties.
SERVICES
• Acquisition and Disposition Services
• Brokerage and Transaction Management
• Design and Construction
• Corporate Services
• Investment Analysis
• Market Research and Analysis
• Project Management
• Property Development
• Property Management
• Facilities Management
• Relocation Services
• Space Planning
• Valuation Services
• Asset Services
AWARDS
• Top Office in State, 2004-2014, 2016-2018
COLDWELL BANKER
COMMERCIAL
LEGACY REAL ESTATE
GROUP
2435 Fitzgerald Industrial Drive
Bowling Green, KY 42104
(270) 781-3844
Fax: (270) 783-0046
www.cbclegacycom
CLIENTS REPRESENTED
Walmart
Kroger
Home Instead Senior Care
National City Bank
General Growth Properties
Sam’s Club
Best Buy
Office Depot
Smart Start
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
WHY COLDWELL BANKER COMMERICAL
COLDWELL BANKER
COMMERCIAL
175 Park Ave
Madison, NJ 07940
800-222-2162
www.cbcworldwide.com
CBC ADVANTAGES
• The largest domestic footprint in
commercial real estate
• Almost 190 Companies
• Nearly 2,800 professionals
across the globe
• Cutting-edge Property
Searching & Listing:
cbcworldwide.com with over
15,000 listings
• Industry-leading technologies
• Nearly 14,000 Transactions
completed yearly, and increases
year over year
BACKGROUND
A subsidiary of Realogy Corporation, the world’s leading real estate
franchisor, Coldwell Banker Commercial® (CBC) is a worldwide leader in
the commercial real estate industry. The CBC brand has its roots in the
oldest and most respected national real estate brand in the country, which
was founded after the San Francisco earthquake of 1906 by Colbert
Coldwell, who was later joined by Benjamin Banker.
With a collaborative network of independently owned and operated affiliates,
the Coldwell Banker Commercial organization comprises almost 190
companies and 2,800 professionals throughout the U.S., as well as
internationally. In fact, the CBC organization possesses the largest
geographic footprint in today’s commercial real estate marketplace.
The success of the CBC organization lies in its striking versatility. The
organization deftly combines a powerful national presence with the agility of
a regional market innovator. Each CBC affiliate office has the resources and
insight to understand its local market and the expertise to convert this
knowledge into tangible value for each client. Our professionals stand ready
to help clients discover untapped commercial real estate market
opportunities and to deliver a range of services designed to add value to
their businesses. The CBC organization’s skillful professionals and nimble
affiliate offices service a wealth of business categories in markets of any
size, with clients ranging from established corporations to small businesses
to individual investors.
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
WHY COLDWELL BANKER COMMERICAL LEGACY REAL ESTATE GROUP
• Because we have the experience, contacts, and knowledge to help you with the sale / lease of
your property.
• We have the resources to get the transaction done in a complete and timely manner.
• We have the technology to provide you with up to date statistics, maps, and demographics, giving
you the tools necessary to make an informed decision.
• We form strong client relationships from our hard work, our loyalty, confidentiality and
trustworthiness. We put the needs and the best interests of the clients first.
• We have done extensive work in Bowling Green
• We have completed many difficult transactions.
• We utilize a marketing platform that was built for the successful marketing of your property.
• The Coldwell Banker Commercial organization has the largest domestic footprint in commercial
real estate with almost 190 Companies and nearly 2,800 professionals across the globe.
• Cutting-edge Property Searching & Listing: cbcworldwide.com with nearly 15,000 property listings.
• The Coldwell Banker Commercial organization completes nearly 14,000 transactions yearly, and
increases year over year.
• We are part of Realogy, which has a wealth of knowledge from these brands: Oncor International,
Coldwell Banker, ERA, Century 21, NRT, Sotheby’s, Better Homes & Gardens, Cartus, and Title
Resource Group.
PREVIOUS YEAR VOLUME TRANSACTIONS VALUE
Leases 7,509 $2.0 Billion
Sale 7,187 $6.4 Billion
TOTAL 14,696 $8.1 Billion
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
MARKET OVERVIEW
Why South Central Kentucky
What Drives Your Business?
In a thriving free market, competition breeds growth. If there's one thing we relish in South Central Kentucky, it's the thrill that comes with competing. Whether we meet our opposition on a racetrack or in the boardroom, the focus is the same -we aim to win.
Right now, winning means proving to you that there's no better place to grow your business than in South Central Kentucky. Sure, we are home to the Corvette, JM Smuckers and Fruit of the Loom, but that's not all.
In the heart of it all. Located at the center of a 34-state distribution area in the eastern United States, South Central Kentucky's prime location accelerates the distribution time of goods and materials to a massive industrial and consumer market. In fact, we are within a day's drive of 60 percent of the nation's population, personal income and manufacturing business establishments.
Logistics you can count on. Most states are lucky to have one major shipping hub nearby. Kentucky has two - UPS Worldportin Louisville and DHL in Erlanger. As the nation's third largest air-cargo shipping hub, even our backup modes of transportation have backups. No matter your cargo's destination, we have a way to get it there.
Low costs bring high returns. Kentucky has consistently had one of the lowest overall costs of doing business in the United States. Combined with our overall low cost of living (13 percent lower than the national average), you won't find another location that can save you more money. In addition, the state's innovative tax incentive programs can also provide the flexible financial assistance businesses need when locating, expanding or reinvesting in the state.
Shockingly low utility rates. Think the huge costs leveled against your company's bottom-line costs from utility rates is just something you have to live with? Not here. Kentucky has the lowest cost of electricity in the industrial sector among states east of the Mississippi River and gas rates ranked second lowest in the eastern United States.
A tax structure built for growth. Kentucky’s low property tax burden, a cap on unemployment insurance taxes, low sales tax and sales tax exemption on machinery for new firms drive our competitive tax structure. And what's the best way to help new friends grow their business? By offering a modest six percent sales tax rate and a broad range of exemptions and income tax credits to encourage capital investment and job creation, that's how.
A skilled and motivated workforce. Our region has a strong reputation for meeting and exceeding industry needs by providing companies with a skilled and available workforce to meet the demands of a global economy. Our educational partners train workers in industry-specific skill sets, but it's our ability to provide the flexibility and customization that companies require that sets us apart.
Rich in Southern Lifestyle. In South Central Kentucky, when the workday ends, endless possibilities for enriching your quality of life begin. Whether it's the redefined traditions of thoroughbred racing, the scenery of some of the nation's finest state parks, the heavenly smell of the Southern-style cooking, or the crowded calendar of fine arts events that spark your interest, we've got that and so much more to impress any interest or whim. Having the nation's lowest cost of living, as wellas housing costs up to 30 percent lower than the national average, doesn't hurt either.
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
MARKET OVERVIEW
Academic opportunities abound. More than 50 colleges and universities are within 60 miles of South Central Kentucky, including top-ranked schools by U.S. News & World Report.
Western Kentucky University is home to the Carol Martin Gatton Academy of Mathematics and Science, the #1 High School in America three years in a row according to Newsweek.
Vanderbilt University is ranked 15th in the "Best National Universities" by U.S. News & World Report (2016).
Belmont University is ranked 6th in the "Best Regional University South Rankings" by U.S. News & World Report (2016).
South Central Kentucky’s 10-county region is composed of the The Bowling Green-Edmonson Metropolitan Statistical Area (MSA) that includes Allen, Butler, Edmonson and Warren Counties, plus six adjacent counties (Barren, Hart, Logan, Metcalfe, Monroe and Simpson)—totaling 286,258 people in 2014. Over 2,500 people commute from Tennessee to work each day in South Central Kentucky.
A workforce of 113,000 lives in the 10-county region, while a total of 750,000 live within a 100 mile radius. Roughly 50% of the population is 18-54 years of age, while another 24% are under 18. South Central Kentucky has grown by 24% from 2003-2013.
While you explore the stats and numbers that drive our region’s highly-skilled, available workforce to your business, consider the fact that South Central Kentucky is within a day’s drive of 60% of the U.S. population. Our prosperity is both due to our easy accessibility to the world and to the values that drive our people to make their lives and careers here, through generations of progress.
820 Three Springs Rd Bowling Green, KY
LEGACY REAL ESTATE GROUP
CBCworldwide.com
CONFIDENTIALITY STATEMENT
This offering has been prepared solely for informational purposes. It is designed to assist a potential
investor in determining whether it wishes to proceed with an in-depth investigation of the subject
property. While the information contained herein is from sources deemed reliable, it has not been
independently verified by the Coldwell Banker Commercial affiliate or by the Seller.
The projections and pro forma budget contained herein represent best estimates on assumptions
considered reasonable under the circumstances. No representations or warranties, expressed or
implied, are made that actual results will conform to such projections.
This document is provided subject to errors, omissions and changes in the information and is
subject to modification or withdrawal. The contents herein are confidential and are not to be
reproduced without the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH
ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE.
Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable
opportunity to inspect and investigate the Property and all improvements thereon, either
independently or through agents of the buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, to
reject all offers, and to accept any offer without regard to the relative price and terms of any other
offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii)
incorporated in a formal written contract of purchase and sale to be prepared by the Seller and
executed by both parties; and (iii) approved by Seller and such other parties who may have an
interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of
the contract of purchase and sale, which contract shall supersede prior discussions and writings
and shall constitute the sole agreement of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property
and all other expenses, professional or otherwise, incurred by them.
©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.