Embed Size (px)
Citation preview
1801 Fifth Avenue North
Suite 300
Birmingham, AL 35203
JOHN COLEMAN, SIOR
205.871.7100
AL LIC #:
MATT GILCHRIST
205.871.7100
AL LIC #:
This confidential investment offering and other offering materials that may be subsequently provided (collectively, the “Offering Materials”) are intended solely for the limited use by apotential purchaser (“Potential Purchaser”) in considering whether to purchase Cedars Place in Hoover, Alabama (the “Property”). The Property is controlled by an investment group(“Owner”). For purposes of this Agreement, Graham & Company, LLC (“Graham & Company”) is an agent of Owner.
The Offering Materials, which are provided subject to these conditions of offering (the “Conditions of Offering”), contain brief, selected information pertaining to the business and affairsof the Property. It does not, however; purport to be all inclusive or to contain all of the information, which a Potential Purchaser may desire to require. Any party in possession of theOffering Materials is bound by the Conditions of Offering.
All financial and development projections are provided for general reference purposes only in that they are based on assumptions relating to the general economy, competition andother factors beyond the control of the Owner and Graham & Company. Any graphics or drawings included in the Offering Materials are included to assist the reader in visualizing theProperty. The Owner and Graham & Company have made no survey of the Property and assume no responsibility in connection with such matters. The Owner and Graham & Companyhave had neither a legal review of title or development rights of the Property nor an engineering review with regard to the environmental, physical and mechanical integrity of theProperty and no representation or warranty, express or implied, as to the accuracy or completeness of this information, and no liability of any kind whatsoever is assumed by Owner norGraham & Company with respect thereto.
The Offering Materials relating to a possible sale of the Property (the “Sale Opportunity”) which may be furnished to the Potential Purchaser for the Owner by Graham & Company shallcontinue to be the property of the Owner and Graham & Company. The Offering Materials will be used by the Potential Purchaser and the Related Parties (as hereinafter defined below)solely for the purpose of evaluating the Sale Opportunity and not for any other purpose unrelated to the Sale Opportunity and may not be copied or duplicated without the Owner’s orGraham & Company’s prior written consent and must be returned to Graham & Company immediately upon requested or when the Potential Purchaser decides not to pursue, orterminates discussions or negotiations with respect to the Sale Opportunity or the Property.
The Potential Purchaser acknowledges that the Sale Opportunity and the Offering Materials are considered confidential and proprietary information of Owner and Graham & Company,and will not disclose the Sale Opportunity, make any Offering Materials available, or disclose any of the contents thereof, to any person without Owner’s or Graham & Company’s priorwritten consent; provided however, that the Sale Opportunity and the Offering Materials may be disclosed to the Potential Purchaser’s partners, employees, legal counsel, advisors,institutional lenders and other capital source(s) (“Related Parties”).
Potential Purchaser hereby agrees to indemnify Owner and Graham & Company from any loss or damage, which Owner may suffer as a result of Potential Purchaser’s breach of theseConditions of Offering.
Owner expressly reserves the right at Owner’s sole, singular, exclusive and arbitrary discretion to reject any or all proposals or expressions of interest in the Sale Opportunity and toterminate discussions in connection therewith with any party at any time without notice.
The information provided has been gathered from sources that are deemed reliable, but the Owner and Graham & Company do not warrant or represent that the information is true orcorrect. You are advised to verify information independently.
The Owner reserves the right to make any change, to add, delete, or modify the information or to withdraw the Sale Opportunity from consideration at any time, without notice.
Furthermore, the inclusion or exclusion of information relating to asbestos or any other hazardous, toxic or dangerous chemical item, waste or substance (hereafter collectively referredto as “Waste”) relating to the Property shall in no way be construed as creating any warranties or representations, expressed or implied by the Owner or its agents as to the existence ornonexistence of nature of Waste in, under or on the Property, or to create legal and/or economic obligations upon the Owner, lessee and/or other holders of interest in the Property orpare thereof. Should you require additional information regarding the Sale Opportunity, please contact Graham & Company & Company at the following address:
INV
ESTM
EN
T O
FFER
ING
C O N F I D E N T I A L I T Y & D I S C L A I M E R
1801 Fifth Avenue North
Suite 300
Birmingham, AL 35203
(205) 871-7100
T A B L E O F C O N T E N T S
INVESTMENT OVERVIEW 1
▪ INVESTMENT SUMMARY 2▪ PROPERTY INFORMATION 3-6▪ AERIAL 7▪ PROPOSED NEW CAHABA BEACH RD. 8
TENANT OVERVIEW 9-11
FINANCIAL INFORMATION 12
▪ RENT ROLL 13
1801 Fifth Avenue North
Suite 300
Birmingham, AL 35203
Matt Gilchrist
205.871.7100
INV
ESTM
EN
T O
FFER
ING
3John Coleman, SIOR
205.871.7100
INV
ESTM
EN
T O
FFER
ING
INVESTMENT/
PROPERTY
OVERVIEW
▪ INVESTMENT SUMMARY
▪ PROPERTY INFORMATION
▪ AERIAL
▪ PROPOSED NEW CAHABA BEACH RD
1
E D E N T O N
I N V E S T M E N T S U M M A R Y
H I G H L I G H T S
Graham & Company has been retained on anexclusive basis by the Owner to arrange the sale of24,846 SF of office condos at Edenton Village, asuburban office park centrally located in Hoover(Shelby County), Alabama. The property is comprised offour (4) different office buildings totaling 24,846 SF. Thisunique opportunity at Edenton Village provides theinvestor to benefit from an already in place rentalincome, as well as value add with the remainingvacancies in the portfolio.
INV
ESTM
EN
T O
FFER
ING
P R O P E R T Y S P E C I F I C A T I O N
LOCATION: Edenton Street Birmingham , AL 35242
TOTAL BUILDING SIZE: Approx. 24,846 SF
ROOF: Wood frame with asphalt shingles
BUILT: 2007
CONSTRUCTION: Masonry
UTILITIES: All (Independent to Tenants)
ZONING: Commercial, City of Hoover
PARKING: 27 Spots- 111-122 Edenton St44 Spots- 1001-1023 Edenton St88 Spots- 1121-1122 & 1212-1221
Edenton St.
O F F E R I N G P R I C E
$2,160,000 ($90 PSF)
2
P R O P E R T Y I N F O R M A T I O N
1 1 1 - 1 2 2 E D E N T O N S T R E E T
▪ E n t i r e b u i l d i n g f o r s a l e
▪ 5 , 6 0 9 S F
INV
ESTM
EN
T O
FFER
ING
6
CONDOS
Suite 111 1,422 SF
Suite 112 1,309 SF
Suite 121 1,430 SF
Suite 122 1,428 SF
3
P R O P E R T Y I N F O R M A T I O N
1 0 0 1 - 1 0 2 3 E D E N T O N S T R E E T
▪ F i v e ( 5 ) o f f i c e c o n d o s
▪ 9 , 0 6 5 S F T o t a l
INV
ESTM
EN
T O
FFER
ING
4
1ST FLOOR CONDOS
Suite 1011 1,634 SF
Suite 1012 1,459 SF
Suite 1013 1,450 SF
Suite 1014 1,547 SF
2ND FLOOR CONDOS
Suite 1023 2,975 SF
P R O P E R T Y I N F O R M A T I O N
1 1 2 1 - 1 1 2 2 E D E N T O N S T R E E T
▪ E n t i r e 2 n d F l o o r
▪ 8 , 3 6 8 S F T o t a l
INV
ESTM
EN
T O
FFER
ING
8
CONDOS
Suite 1121 4,184 SF
Suite 1122 4,184 SF
5
P R O P E R T Y I N F O R M A T I O N
1 2 1 2 - 1 2 2 1 E D E N T O N S T R E E T
▪ B o t h c o n d o s a r e g r o u n d f l o o r
▪ 1 , 8 0 4 S F T o t a l
INV
ESTM
EN
T O
FFER
ING
9
CONDOS
Suite 1212 902 SF
Suite 1221 902 SF
6
INV
ESTM
EN
T O
FFER
ING
P R O P E R T Y A E R I A L
7
INV
ESTM
EN
T O
FFER
ING
P R O P O S E D C A H A B A B E A C H R O A D E X T E N S I O N
11
Proposed Cahaba Beach Road Extension
The Summit
Liberty Park
Edenton Street
Cahaba Heights
8
INV
ESTM
EN
T O
FFER
ING
TENANT
OVERVIEW
9
E D E N T O N
INV
ESTM
EN
T O
FFER
ING
T E N A N T O V E R V I E W
T E N A N T D E S C R I P T I O N
Corner Stone Drywall and
Paint http://drywallandpaint.net/about-us/
Leased SF: 1,309 SF
Condo 112
Cornerstone Drywall and Paint, Inc
was established by Brett Harp in 2007
as a full service drywall and painting
contractor specializing in multi-family
construction. Since its formation we
have completed over 12,000 units in
eleven states. Cornerstone Drywall
and Paint Inc. contracts work in the
multi-family housing supplying, metal
frame, acoustical ceilings, drywall and
paint.
EER Systems, LLChttp://eersystems.net/
Leased SF: 1,547 SF
Condo 1014
EER Systems is a Manufacturers’
Representative Agency with over 25 Years
of Sales and Service Experience. They
represent Leading Companies providing
Custom Engineered Products, Equipment
Repair & Upgrade, On-Site Installation &
Maintenance, and Technical Service for
Heavy Duty Industrial and Utility
Applications on Boilers, Kilns, Furnaces,
Incinerators, and Manufacturing Process
Auxiliary Equipment.
10
At the Pennington Law Firm, LLC, we
are dedicated to helping people in
need. That philosophy starts at the top
with the founder, attorney John
Pennington. Mr. Pennington has more
than 30 years of experience handling
all types of disability claims. Unlike
many lawyers, Mr. Pennington has a
medical background in addition to his
legal experience. His experience in
handling disability claims coupled
with his medical training makes him
an effective, persuasive advocate
with a high success rate of obtaining
benefits for his clients.
Pennington Law Firm, LLC https://www.penningtonlawoffice.com/
Leased SF: 2,975 SF
Condo 1023
Mantissa is a privately held
corporation, headquartered in
Birmingham, Alabama with sales and
support offices located worldwide.
Their commitment to customers has
enabled us to provide comprehensive
solutions for the most demanding
datacenter environments. The
flagship product line, Advanced
Output Management, provides fully automated 24×7 output management
based on the most advanced
technology in the industry.
Mantissa Corp http://www.mantissa.com/
Leased SF: 1,430 SF
Condo 121
INV
ESTM
EN
T O
FFER
ING
T E N A N T O V E R V I E W
T E N A N T D E S C R I P T I O N
Business Imaging Serviceshttp://www.bisok.com/
Leased SF: 902 SF
Condo 1212
BIS has built a solid reputation as a full-
service information technology
provider and integrator of high quality
document and data management
systems. Since our founding in 1986,
we have continually kept pace with
the ever-changing landscape. There
solutions portfolio is one of the most
diverse and trusted in the industry.
Headquartered in Edmond,
Oklahoma, they offer the best
technologies in the market today. The
BIS team will design, develop, and
install a solution that best fits your
business. You name IT, they can do IT.
Mitch Carbonie- Allsate
Insurance Agent https://agents.allstate.com/mitch-carbonie-birmingham-
al.html
Leased SF: 902 SF
Condo 1221
As a Personal Financial Representative in
Birmingham, Mitch Carbonie knows many
local families. My knowledge and
understanding of the people in this
community help me provide customers
with an outstanding level of service. I look
forward to helping families like yours
protect the things that are important –
your family, home, car and more. I can
also help you prepare a strategy to
achieve your financial goals.
11
Bennitt Legal Services
Leased SF: 1,430 SF
Condo 121
Legal services in the Brook Highland
area.
INV
ESTM
EN
T O
FFER
ING
F INANCIAL
OVERVIEW▪ RENT ROLL
E D E N T O N
12
INV
ESTM
EN
T O
FFER
ING
R E N T R O L L
13
Edenton Office Rent Roll
Address Tenant Sq Ft Rent/Mo. Lease End Date
111 Edenton Street Vacant 1442 $ - -
112 Edenton Street Cornerstone Drywall and Paint 1309 $1,650.00 MTM
121 Edenton Street Bennitt Legal Services 1430 $2,000.00 10/31/2017
122 Edenton Street Vacant 1428 $ - -
1011 Edenton Street Vacant 1634 $ - -
1012 Edenton Street Mantissa Corp 1459 $2,187.00 MTM
1013 Edenton Street Vacant 1450 $ - -
1014 Edenton Street EER Systems, LLC 1547 $2,185.00 11/30/2020
1023 Edenton Street North Shelby Law Group, LLC 2975 $4,551.75 4/30/2019
1121 Edenton Street Vacant 4184 $ - -
1122 Edenton Street Vacant 4184 $ - -
1212 Edenton Street Business Imaging Systems 902 $1,353.00 3/31/2019
1221 Edenton Street Carbonie Agencey 902 $1,278.00 MTM
Total 24,846 $15,204.75
INV
ESTM
EN
T O
FFER
ING
EDENTON OFF ICE
CONDOS I n v e s t m e n t O f f e r i n g
PRESENTED BY:
John Coleman, SIOR
205.871.7100
1801 Fifth Avenue South
Suite 300
Birmingham, AL 35203
(205) 871.7100
17
Matt Gilchrist
205.871.7100
