ANNA MARIA ISLAND RESORT MOTEL- WITH BEACH ACCESSimages4.loopnet.com/d2/1Eu8EmZ9ajT6CIgQVkG...ANNA...

SVN | Commercial Advisory Group | 1626 Ringling Boulevard, Suite 500, Sarasota, FL 34236 OFFERING MEMORANDUM

ANNA MARIAISLAND RESORTMOTEL- WITHBEACH ACCESS2201 GULF DR. NBRADENTON BEACH, FL 34217

Mike Migone CCIMSenior Investment [email protected]

OFFERING MEMORANDUMSVN | Commercial Advisory Group | 1626 Ringling Boulevard, Suite 500, Sarasota, FL 34236

PROPERTY INFORMATION 3Property SummaryProperty DescriptionComplete Highlights

LOCATION INFORMATION 7Location MapsAerial Map

FINANCIAL ANALYSIS 10Financial SummaryIncome & ExpensesUnit Mix Summary

DEMOGRAPHICS 14Demographics ReportDemographics MapAdvisor Bio & Contact 1

2201 Gulf Dr. N | Bradenton Beach, FL 34217

PROPERTY INFORMATIONFOR SALE | HOSPITALITY

All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

1 PROPERTY INFORMATIONPROPERTY

INFORMATION2201 Gulf Dr. N

Bradenton Beach, FL 34217

ANNA MARIA ISLAND RESORT MOTEL- WITH BEACH ACCESS | 2201 GULF DR. N BRADENTON BEACH, FL 34217 SVN | Commercial Advisory Group |


OFFERING SUMMARY

Sale Price: $4,100,000

Cap Rate: 7.37%

NOI: $302,000

Lot Size: 0.482 Acres

Building Size: 7,096

Renovated: 2007

Zoning: R3

Market: Sarasota, Charlotte,

Manatee

Price / SF: $577.79

Excellent opportunity to purchase a well maintained motel property in the heart of Anna Maria Island. The property wascompletely renovated in 2007 and reopened Sep. 1st 2007. Guests have private beach access less than 60 ft from theproperty. Property has 14 rooms ranging from Studio to 3BR/2B. Heated pool and private hot tub, rooftop sun deck,laundry, wireless internet. Property is managed by RVA (Resort vacation rentals). Sale price includes all furniture andamenities.

All the amenities of a large resort with the added benefits of a private, uncrowded hideaway. Decorated using clean linesand fresh colors, all while remaining inviting and engaging, this resort includes all that is signature to Resort VacationAccommodations, a ResortQuest® Affiliate. Each unit features a full-size kitchen, private washer and dryer, largeflat-screen plasma TVs, modern decor, granite counter tops and pillow top mattresses qualifying it as a gold-ratedproperty using property quality standards.

Link to The Beach Club at Anna Maria- http://www.rvafl.com/beachclub/

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Extremely desirable location on Anna Maria Island

• 60 ft from white sands of the Gulf of Mexico- Beautiful west coast beach views

• GREAT OPPORTUNITY!- perfect for an active owner operator

• Heated swimming pool

• Rooftop sun deck

• 32" and 42" plasma TVs

• Pillow top mattresses

• Private beach access directly across the street

• Full kitchen with stainless steel appliances and granite countertops

• Community hot tub

• Wireless Internet access

• DVD and VCR

• Washer and dryer

• Contact listing broker to see the property and for full marketing package

Property Summary

ANNA MARIA ISLAND RESORT MOTEL- WITH BEACH ACCESS | 2201 GULF DR. N, BRADENTON BEACH, FL 34217 SVN | Commercial Advisory Group |

Excellent opportunity to purchase a well maintained motel property in the heart of Anna Maria Island. Theproperty was completely renovated in 2007 and reopened Sep. 1st 2007. Guests have private beachaccess less than 60 ft from the property. Property has 14 rooms ranging from Studio to 3BR/2B. Heatedpool and private hot tub, rooftop sun deck, laundry, wireless internet. Property is managed by RVA (Resortvacation rentals). Sale price includes all furniture and amenities.

All the amenities of a large resort with the added benefits of a private, uncrowded hideaway. Decoratedusing clean lines and fresh colors, all while remaining inviting and engaging, this resort includes all that issignature to Resort Vacation Accommodations, a ResortQuest® Affiliate. Each unit features a full-sizekitchen, private washer and dryer, large flat-screen plasma TVs, modern decor, granite counter tops andpillow top mattresses qualifying it as a gold-rated property using property quality standards.

Link to The Beach Club at Anna Maria- http://www.rvafl.com/beachclub/

PROPERTY OVERVIEW

Property has excellent frontage on Gulf Drive and 22nd St. N.

LOCATION OVERVIEW

Property Description

SALE HIGHLIGHTS

• Extremely desirable location on Anna Maria Island

• 60 ft from white sands of the Gulf of Mexico- Beautiful west coast beach views

• GREAT OPPORTUNITY!- perfect for an active owner operator

• Heated swimming pool

• Rooftop sun deck

• 32" and 42" plasma TVs

• Pillow top mattresses

• Private beach access directly across the street

• Full kitchen with stainless steel appliances and granite countertops

• Community hot tub

• Wireless Internet access

• DVD and VCR

• Washer and dryer

• Contact listing broker to see the property and for full marketing package


Complete Highlights


LOCATION INFORMATIONFOR SALE | HOSPITALITY


2 LOCATION INFORMATIONLOCATION

INFORMATION2201 Gulf Dr. N




Location Maps


Anna Maria Island ResortMotel- with beach access

Aerial Map


FINANCIAL ANALYSISFOR SALE | HOSPITALITY


3 FINANCIAL ANALYSISFINANCIALANALYSIS

2201 Gulf Dr. NBradenton Beach, FL 34217



INVESTMENT OVERVIEW

Price $4,100,000Price per Room $292,857CAP Rate 7.4%Cash-on-Cash Return (yr 1) 7.37 %Total Return (yr 1) $302,000

OPERATING DATA

Gross Income $506,000Operating Expenses $204,000Net Operating Income $302,000Pre-Tax Cash Flow $302,000

Financial Summary


INCOME SUMMARY PER SF

Gross Income $506,000 $71.31

EXPENSE SUMMARY PER SF

Gross Expenses $204,000 $28.75

Net Operating Income $302,000 $42.56

Income & Expenses

UNIT TYPE COUNT % TOTAL

1BR/1B 10 71.4

2BR/2B 1 7.1

3B/2B 1 7.1

Studio 2 14.3

Totals/Averages 14 100%


Unit Mix Summary


ANNA MARIA ISLAND BEACH CLUB RESORT MOTELFOR SALE | HOSPITALITY


4 DEMOGRAPHICS4

DEMOGRAPHICS2201 Gulf Dr. N




1 MILE 5 MILES 10 MILES

Total population 1,009 22,978 151,782

Median age 53.0 56.8 47.4

Median age (male) 51.6 55.1 45.8

Median age (female) 54.3 57.6 48.3

Total households 526 11,168 67,549

Total persons per HH 1.9 2.1 2.2

Average HH income $62,852 $75,519 $60,782

Average house value $502,745 $436,187 $256,631

* Demographic data derived from 2010 US Census

Demographics Report


POPULATION 1 MILE 5 MILES 10 MILES

Total population 1,009 22,978 151,782

Median age 53.0 56.8 47.4

Median age (male) 51.6 55.1 45.8

Median age (Female) 54.3 57.6 48.3

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 526 11,168 67,549

# of persons per HH 1.9 2.1 2.2

Average HH income $62,852 $75,519 $60,782

Average house value $502,745 $436,187 $256,631

* Demographic data derived from 2010 US Census

Demographics Map


1626 Ringling Boulevard, Suite 500Sarasota, FL 34236T 941.487.6986C [email protected] #BK399768

PROFESSIONAL BACKGROUND

Mike Migone, CCIM serves as a Senior Investment Advisor for SVN | Commercial Advisory Group specializing in the saleof retail and investment properties locally and throughout the Country. With 25+ years of real estate experience, Migonewas recognized as his companies Top Advisor in 2012 and ranked in the top two in 2013, 2014 and 2015. Mike hasextensive experience with Single Tenant Net Leased Investments, Medical Office, Industrial, and Multifamily. He alsoexcels in retail site selection for his developer clients, and the subsequent disposition of these properties uponcompletion.

One of Migone's proudest career accomplishments is his CCIM designation. CCIM's are among an elite corps of morethan 15,000 professionals who hold the CCIM designation across North America and more than 30 countries. Mike is alsoa member of the Commercial Investment Division of the Sarasota Association of Realtors.

In his spare time, Migone and his wife Cindy love to participate in all of the recreational resources and amenities that thebeautiful Sarasota, Florida area has to offer.

EDUCATION

Associates Degree in Business Administration at Broward College.

MEMBERSHIPS & AFFILIATIONS

CCIM, GRI

MIKE MIGONE CCIM

Senior Investment Advisor

Advisor Bio & Contact 1

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