ACRISURE INSURANCE - LoopNet...Jordan Trotter Commercial Real Estate has worked with a wide variety...
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ACRISURE INSURANCE OFFERING MEMORANDUM | 1201 TOWN PARK LANE | EVANS, GA
Transcript of ACRISURE INSURANCE - LoopNet...Jordan Trotter Commercial Real Estate has worked with a wide variety...
ACRISURE INSURANCEOFFERING MEMORANDUM | 1201 TOWN PARK LANE | EVANS, GA
CONTACTINFORMATION
HOLTON [email protected](o) - 706.736.1031(c) - 706.833.1324
Jordan Trotter Commercial is a full service brokerage, management, and development firm, located in Augusta, Georgia.
Founded in 2016 by Troy Jordan and Dennis Trotter, Jordan Trotter Commercial Real Estate has worked with a wide variety of clients to ensure their projects run smoothly, meet goals for both cost and timeline and are executed as intelligently as possible. Jordan Trotter was founded around the concept of making brokerage, devel-opment and tenant work easy. Responsiveness, flexibility and added value - it’s what makes our partnerships great.
Areas of Expertise:Site Selection & AcquisitionConventional Brokerage ServicesBuild to Suite & Multi-tenant DevelopmentFee for Service DevelopmentMarket Strategy for Multi-unit OperatorsLandlord & Tenant Representation
01OFFERING SUMMARYThe OfferingProperty SummaryTenant Profiles
02LOCATION OVERVIEW Site PlanRetail Map
03FINANCIALS Investment Summary
04MARKET OVERVIEW Evans/Columbia County Info Demographics
TABLE OF CONTENTS
OFFERING SUMMARY
Jordan Trotter Commercial is pleased to offer for sale this Two Tenant NN+ property leased to Acrisure Insurance and Southern Nexus, located at 1201 Town Park Lane in Evans, Georgia
THE OFFERINGThe property consists a recently con-structed, 21,000 square foot, class A, office building, located in the heart of Evans, Georgia. This property is situ-ated on an out-parcel of Evans Town park and is located along North Belair Road, which is visible to nearly 22,000 cars daily, and consists or retailers and restaurants such as Home Depot, Low-
-es, Cracker Barrel, Walgreens, Apple-bee’s, and the Georgia Theater Com-pany. The property is situated amongst many different office tenants, mainly medical office users. University Hospi-tal’s Evans Campus is located directly across from this building, along with many smaller medical groups within the Evans Town Park Center.
This property provides and investor with a stable income stream and mini-mal management. This property is a rar-ity in the Evans area, as there is a very limited supply of class A office space with 20-miles of the property.
Evans is the de facto county seat of Columbia County. Columbia County is one of the 9 fastest growing counties in Georgia and among the top 100 fast-est-growing counties in the U.S.
Columbia County has strong household incomes, a growing population, and a AAA credit rating, showing the security of this real estate for a long term inves-tor.
$5,400,000PRICE
$378,000NOI
7.00%CAP RATE
21,216 sfBUILDING SIZE
2016YEAR BUILT
1.31LAND SIZE
3# OF FLOORS
01
AddressPROPERTY SUMMARY
PROPERTY OVERVIEW
Property Type
Occupancy
Lease Type
Land Area
Parking Ratio
Access
Zoning
Parcel Number
Signage
1201 Town Park Lane, Evans, GA
Class-A Two Tenant Office
100%
NN+ (Roof and structure)
1.31
3.315 : 1000 (64 stalls total)
North Belair Road and Hereford Farm Rd
PUD
072A354
Building Signage; Conduit has been run in front of the building for a monument sign
Multi-Tenant Facility The building has a shared lobby and elevator making it perfect for a multi-tenant facility
Acrisure was founded in 2005 for the purpose of investing in independent insurance agencies around the globe. With a compounded annual growth rate of over 80% since inception, Acrisure is now among the ten largest insurance brokers in the world and the most profitable among its peers.
Acrisure’s success is due to their unique model, powered by an alignment of interests with their Agency Partners. Acrisure’s partners maintain local autonomy, keep decisions at the customer level, and are of-fered tools and resources to accelerate growth. Acrisure is majority owned by employees and has more than $1.7 BILLION in revenue in 450 locations in 37 states and six countries.
ACRISURE, LLC d/b/a ACHS INSURANCE
TENANT PROFILE
1.7 BILLION IN REVENUE450 LOCATIONS
6 COUNTRIES
LOCATION OVERVIEW
02
EVANS TOWN PARK AERIAL
THE PROPERTY
DERMATOLOGY SPECIALIST
FIRST COMMUNITY BANK
ADVANCED PAIN MANAGEMENT
DAVITADIALYSIS
EVANS MEDICAL GROUP
PEDIATRIC PARTNERS OF AUGUSTA
PEAK REHABILITATION AND FITNESS
ORTHOPADIC ASSOCIATES OF AUGUSTA AUGUSTA FAMILY
ALLERGY
HEALTH QUEST FITNESS
FIRST CITIZENS BANK
SPEC OFFICE BUILDING
MERIT FLOORING
RIVERWATCH PKWY
RIVERWATCH PKWY
WASHINGTON ROAD
WASHINGTON ROAD
HEREFORD FARM RDHEREFORD FARM RD
N. BE
LAIR
ROAD
<21,8
00 VP
D>
N. BE
LAIR
ROAD
<21,8
00 VP
D>
EVANS
THE PROPERTY
FINANCIAL OVERVIEW
Total Monthly Rent
Total Annual Rent
Total Annual Rent PSF
$31,500
$378,000
$17.81
Lease Type
Acrisure Monthly Rent
Lease Term
Acrisure Annual Rent
Rent Escalations
Total Annual Rent PSF
NN+ (Pays for all building expenses except roof and structure)
$19,500
10 years
$234,000
10% bump in month 42
$16.54
Tenant
Commencement
Expiration
Acrisure, LLC d/b/a ACHS Insurance
January 1, 2020
December 31, 2029
Lease Type
Monthly Rent
Lease Term
Annual Rent
Rent Escalations
Annual Rent PSF
Gross Lease + Garbage Expenses (Acrisure pays all other expenses)
$12,000
3 years
$144,000
None
$20.36
Tenant
Commencement
Expiration
Southern Nexus, LLC
August 1, 2018
July 31, 2021
Cap Rate
Purchase Price
7%
$5,400,000
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Columbia County, Georgia, established in 1790 and positioned along the Savannah River, is the 33Rd fastest growing county in the nation (2010 to 2018). Columbia County is a part of the Greater Augusta Region/Fort Gordon Cyber District, which is the second largest metro area in Georgia. The surge in population can be attributed to rising incomes, a strong public school system, an expanding retail sector, low crime, and the relocation of U.S. Army Cyber Command and NSA agency’s to Fort Gordon.
MARKET OVERVIEW
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PROPERTY LOCATION
FORT GORDON
DOWNTOWN AUGUSTA
NORTH AUGUSTA, SC AIKEN, SC
GROVETOWN
Columbia County, Georgia
DEMOGRAPHICSCOLUMBIA COUNTY, GEORGIA
