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Corey M. Hoover Cell: 614-787-4252 [email protected] [email protected] Savage Real Estate 1414 East Broad Street | Columbus, Ohio 43205 Office: 614-327-4268 [email protected] OFFERING MEMORANDUM PLAIN CITY 127

OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

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Page 1: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

OFFERING MEMORANDUMPLAIN CITY 127

Page 2: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

2

CONFIDENTIALITY

DISCLAIMER

DISCLOSURE

All materials and information received or derived from Savage Real Estate (hereinafter collectively referred to as “SRE”), its directors,

officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by SRE its directors,

officers, agents, advisors, or affiliates as to completeness, veracity, or accuracy, condition of the property, compliance or lack of

compliance with applicable governmental requirements, suitability, financial performance of the property, projected financial performance

of the property for any party’s intended use or any and all other matters. Neither SRE its directors, officers, agents, advisors, or affiliates

makes any representation or warranty, express or implied, as to the accuracy or completeness of any materials or information provided,

derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a

substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. SRE

will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

ALL PARTIES SHALL CONDUCT THEIR OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating purchase, under contract or in escrow for a transaction is urged to verify all information provided and to conduct

their own inspections and investigations, which may include appropriate third party/independent professionals selected by such party.

All financial data should be verified by the party by obtaining and reading the applicable documents and reports and then consulting with

appropriate independent professionals as needed. SRE makes no warranties and/or representations regarding the veracity,

completeness, or relevance of any financial data or assumptions. SRE does not serve as a financial advisor to any party regarding any

proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes,

may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not

necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and

governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the

property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public

accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the

condition of the property and whether the property complies with applicable governmental requirements should be discussed by the

party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are

marketed by SRE in compliance with all applicable fair housing and equal opportunity laws.

Page 3: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

Confidentiality Disclaimer

Table of Contents

Executive Summary

Sales Comparison

Property Description

Aerial Photos

Retail Map

Area Summary

Property Location

Demographics

School System Profile

TABLE OF

CONTENTS

3

Page 4: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

6/25/2018

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

EXECUTIVE

SUMMARY

https://www.plain-city.com/

https://www.facebook.com/PlainCity43064

Over the past 10 years the population in Plain City has nearly doubled. This population growth is due in part to

the close proximity of jobs, schools and the relative ease of getting to Dublin and about 30 minutes to Downtown

Columbus and the major shopping areas of Polaris and Easton.

Being that Plain City is a Village also has advantages for property and employment tax purposes. This makes it

attractive to families and young professionals as well as those looking to scale down and retire. The continued

growth of the area has already proven to be attractive for home building. In many areas, a builder can build up

to five lots per acre of land.

Plain City is located at the juncture of U.S. Route 42 and State Route 161, eight minutes from Dublin and 12

minutes from Marysville. According to the United States Census Bureau, the Village has a total area of 2.40

square miles, of which 2.38 square miles is land and 0.02 square miles is water.

4

Page 5: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

5

SALES

COMPARISONS

Listing price: $35,000.00 per acre

127.12 total acres

Page 6: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

6

9620 Plain City Geo Road

1726 Linear Feet of Frontage

The property sits just over a mile from

the main City limits and has multiple access points off

Plain City Geo Road. There is also a small creek that runs

through the property which gives a nice natural focal point

within a new development.

Page 7: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

7

9620 Plain City Geo Road

AERIAL PHOTOS

Page 8: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

“SITE”

8

NEARBY RETAIL

BUSINESSES

RETAIL

MAP

Page 9: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

9

AREA

SUMMARY

Page 10: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

10

PROPERTY

LOCATION

Plain City spans across both Madison and Union counties

Union

County

Madison

County

Page 11: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

Demographics

0

5000

10000

15000

20000

Population

1-5 Mile Population

1 and 3 Miles 5 Miles

$0

$55,000

$110,000

$165,000

$220,000

Median Income Median Home Value

1-5 Mile Income and Home Value

1 and 3 Miles 5 Miles

11

Page 12: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 43205

Office: 614-327-4268

[email protected]

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

12

• Ranked 284 out of 608 Ohio school districts

• Ranked 2,954 out of 10,574 school districts in America.

• Has a graduation rate of 95%

• District currently has 2,219 students

JA ranked 10th among Central Ohio School Districts

Read the full article about state reports cards and Central Ohio School

Districts from Columbus Business First.

Page 13: OFFERING MEMORANDUM - LoopNet · According to the United States Census Bureau, the Village has a total area of 2.40 square miles, of which 2.38 square miles is land and 0.02 square

13

Corey M. Hoover

Cell: 614-787-4252

[email protected]

[email protected]

Savage Real Estate

1414 East Broad Street | Columbus, Ohio 443205

Office: 614-327-4268

[email protected]