> Zs/ t hZ' Ed Z · 2017. 6. 12. · wzk: d d e ' d ed e > ^/e' n t,z t y > td e ' d ed ^ zs/...

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CLEARVIEW URGENT CARE OFFERING MEMORANDUM PURVIS REALTY GROUP OFFERING MEMORANDUM

Transcript of > Zs/ t hZ' Ed Z · 2017. 6. 12. · wzk: d d e ' d ed e > ^/e' n t,z t y > td e ' d ed ^ zs/...

  • CLEARVIEW URGENT CAREO

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    OFFERING MEMORANDUM

  • TABLE OF CONTENTS

    Executive Summary Overview Potential Tenant Location Overview Economic Overview Investment Opportunity

    Property Information Property Overview Aerial Survey

    Sale Comparable

    Financial Overview Income & Expenses

    Project Management and Leasing Why We Excel

  • CONDITIONS OF THE OFFERING

    This confidential Investment Memorandum is intended solely for your limited use and benefit in determining whether you desire to express further interest in an

    investment.

    This Investment Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the

    Property as of this writing. Some of the information contained herein were provided to the Company by the seller of the property or their agents and may have not

    been independently verified as of the date of this Investment Memorandum. The Company will use its best efforts during its due diligence to verify all of the

    information which is material to the Company may require to evaluate a purchase of real property. All financial projections and information are provided for

    general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the

    control of the Company. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references

    to acreages, square footages, and other measurements are approximations and will be verified prior to acquisition of the Property by the Company. Additional

    information in this Investment Memorandum are described in summary form. These summaries do not purport to be complete descriptions of the full agreements

    referenced.

    The Company expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to invest in the Company, and/or to terminate

    discussions with any entity at any time with or without notice which may arise as a result of review of this Investment Memorandum. The Company shall have no

    legal commitment or obligation to any entity reviewing this Investment Memorandum.

    By receipt of this Investment Memorandum, you agree that these documents and its contents are of a confidential nature, that you will hold and treat it in the

    strictest confidence and that you will not disclose this Investment Memorandum or any of its contents to any other entity without the prior written authorization of

    the Company. You also agree that you will not use this Investment Memorandum or any of its contents in any manner detrimental to the interest of the Company.

  • INVESTMENT OVERVIEW

    OVERVIEW

    Purvis Realty Group is pleased to offer for sale the Clearview Urgent Care, a Class A, two-story, 5,247-square-foot medical office building in Loganville, Georgia.The property is strategically located fronting the main thoroughfare of Highway 78, across from big box retailers WalMart and Home Depot, with a traffic count of±38,000 vehicles per day . With a net operating income of $83,000, Clearview Urgent Care offers an investor a 9.5% return on a highly-attractive, well-maintainedproperty.

    IDEAL FOR…

    • Dental practitioners

    • Medical specialty group

  • INVESTMENT OVERVIEW

    LOCATION OVERVIEW

    The City of Loganville serves as a gateway between Walton and Gwinnettcounties. With three state highways traversing the city, Loganville offers aunique business climate that includes large retail and restaurant chainscombined with small and locally owned niche shopping and diningexperiences. With a child care center down the street and affordable lunchoptions like Chick-Fil-A, Moe’s Southwest Grill, Publix and Chili’s nearby, thisproperty has everything to offer its tenants.

    U.S. Route 78 (Atlanta Highway) passes through the center of town, leadingeast 12 miles to Monroe and west 32 miles to downtown Atlanta. GeorgiaState Route 20 leads northwest from Loganville 10 miles to Lawrenceville, theGwinnett County seat, and southwest 15 miles to Conyers. Georgia StateRoute 81 leads northeast 16 miles to Winder and south 18 miles to Covington.

    ECONOMIC OVERVIEW

    Loganville has experienced tremendous growth in the past 15 years andmaintains a high average household income of $78,257 in a 5-mile radius.

    INVESTMENT OPPORTUNITY

    Clearview Urgent Care is 100% occupied by a single tenant, ClearviewRegional Medical Center. With a lease expiration of Oct. 31, 2022, this leaseallows for an investor to seek a 9.5% return with minimum propertymanagement.

  • INVESTMENT OVERVIEW

    BUILDING SIZE 5,427 SF

    LOT SIZE 0.76 Acres

    NO. OF STORIES Two (2)

    YEAR BUILT 1998

    BUILDING CLASS A

    PROPERTY TYPE Medical Office

    TENANCY Single

    OCCUPANCY 100%

    PRICE $995,000

    PRICE PER SF $189.63

    CAP RATE 9.5%

  • PROJECT OVERVIEW

    LOCATION

    LOGANVILLE, GEORGIA

    38,000vpd

  • PROPERTY SURVEY

  • FINANCIAL OVERVIEW

    INSURANCE AND TAXES

    Type Date Num Name Memo Account Clr Split Amount Balance

    Check 08/10/2016 1203 Liberty Mutual 106 BROAD ST Insurance Expense AFB&T Operating 1,832.00 1,832.00

    Check 10/14/2015 WIRE Liberty Mutual 106 Broad Street Insurance Expense AFB&T Operating 1,773.00 3,605.00

    Total 3,605.00 3,605.00

    Type Date Num Name Memo Account Clr Split Amount Balance

    Check 11/08/2016 1210 Walton County Tax Bill# 2016 24160 106 Broad St Taxes - Property AFB&T Operating 9,702.61 9,702.61

    Check 11/08/2016 1211 City of Loganville 2016 Bill# 3172 106 Broad Street Taxes - Property AFB&T Operating 3,280.16 12,982.77

    Check 11/20/2015 1155 Walton County Tax 106 Broad St Property Tax Taxes - Property AFB&T Operating 9,303.10 22,285.87

    General Journal 08/14/2015 aje taxes at closing on broad st prop Taxes - Property 106 Broad St Loganville -1,724.26 20,561.61

    General Journal 08/14/2015 aje taxes at closing on broad st prop Taxes - Property 106 Broad St Loganville -5,855.27 14,706.34

    14,706.34 14,706.34

  • PROJECT MANAGEMENT& LEASING

    Why We Excel

  • PROJECT MANAGEMENT AND LEASING | WHY WE EXCEL – MANAGEMENT SERVICES

    FINANCIAL ANALYSIS AND REPORTINGOur accounting and financial reporting systems are designed to give our clients the most accurate and critical information about each asset. On time and on point, our financial analysis and statements conform to your reporting requirements without compromising the integrity of the data.

    INSURANCE COST CONTROLOur team of property casualty experts constantly monitors rates and coverage from all the major carriers to provide our clients the very best coverage at the most competitive cost.

    VENDOR MANAGEMENT & NEGOTIATIONClients enjoy national buying leverage, payment discounts, and purchasing opportunities in such areas as insurance and tax consultation.

    MONTHLY MARKET STUDIESRelevant monthly reviews of the local market based on vast neighborhood experience and real world actionable data are delivered in order to maximize the gross potential income for each client.

  • PROJECT MANAGEMENT AND LEASING | WHY WE EXCEL – REPORTING/BACK OFFICE CAPABILITIES

    ACCOUNTING

    Financial Statement Preparation Accounts Receivable Set-up Accounts Payable Debt Payment and other Lender

    communication Bank Account Setup and

    Maintenance Bank Reconciliations Budget Template and Property

    Management System Upload Communicate with Tax Accountant

    to facilitate tax returns

    PAYROLL/HUMAN RESOURCES

    Processing (paycheck/W-2/E-Verify/etc.) Time & Attendance Wage and Hourly Compliance Consultation Tax filings Online Policy & Procedures Manual Online Human Resources System Professional 3rd Party consultation

    PROPERTY MANAGEMENT SOFTWARE

    Scale Pricing on new, high-tech software Resident Portal for Payments & Work Orders 3rd Party Interfacing Setup/training

  • C O N TAC TS:

    NATHAN PURVISASSOCIATE BROKER

    426 W. HIGHLAND AVEMONROE, GEORGIA 30655

    OFFICE 678.635.7020MOBILE 404.819.2520