S. OKC/MOORE CAR WASH PACKAGE · 805 ne 12th ave, moore, ok 73160 income summary 2017 per sf total...
Transcript of S. OKC/MOORE CAR WASH PACKAGE · 805 ne 12th ave, moore, ok 73160 income summary 2017 per sf total...
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
PROPERTY OPROPERTY OVERVERVIEWVIEW
Two great car washes available for purchase. Purchasing a package allows aninvestor or operator immediate purchasing & staffing benefits.
805 NE 12th Street - Moore, OK : New auto's, self serve, etc in 2017. Propertyconsists of 6 SS Bays, 1 Soft Touch Auto & 1 Touchless Auto. There are 6vacuum stations.5102 S. Sooner Rd. - OKC, OK : Property consists of 4 SS Bays and 1 TouchlessAuto. There are 4 vacuum stations.
TWO LOCATIONS:805 NE 12th Street - Moore, OK : Located just east on Eastern on the north sideof NE 12th Street.5102 S. Sooner Road - OKC, OK : Located approximately 2 miles south of I-40 onthe east side of Sooner Rd.
PROPERTY SUMMARY
Sale PricSale Price:e: $1,390,000
Cap RaCap Ratte:e: 14.8%
NOI:NOI: $205,763
LLot Sizot Size:e: 1.12 Acres
Building SizBuilding Size:e: 6,054 SF
YYear Built:ear Built: 2004
RRenoenovvaatted:ed: 2017
MarkMarket:et: Oklahoma City
Sub MarkSub Market:et: Moore
CrCrososs Ss Strtreets:eets: NE 12th Street &Eastern
SE 44th & Sooner Rd.
S. OKC/MOORE CAR WASH PACKAGE805 NE 12th Ave, Moore, OK 73160
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
S. OKC/MOORE CAR WASH PACKAGE805 NE 12th Ave, Moore, OK 73160
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
S. OKC/MOORE CAR WASH PACKAGE805 NE 12th Ave, Moore, OK 73160
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
S. OKC/MOORE CAR WASH PACKAGE805 NE 12th Ave, Moore, OK 73160
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
INVESTMENT OVERVIEW 2017
Price $1,390,000Price per SF $229.60CAP Rate 14.8%Cash-on-Cash Return (yr 1) 41.67 %Total Return (yr 1) $148,153Debt Coverage Ratio 2.29
OPERATING DATA 2017
Gross Income $277,312Operating Expenses $71,549Net Operating Income $205,763Pre-Tax Cash Flow $115,845
FINANCING DATA 2017
Down Payment $278,000Loan Amount $1,112,000Debt Service $89,918Debt Service Monthly $7,493Principal Reduction (yr 1) $32,308
S. OKC/MOORE CAR WASH PACKAGE805 NE 12th Ave, Moore, OK 73160
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
S. OKC/MOORE CAR WASH PACKAGE805 NE 12th Ave, Moore, OK 73160
INCOME SUMMARY 2017 PER SF
TOTAL INCOME $277,312 $45.81
GROSS INCOME $277,312 $45.81
EXPENSE SUMMARY 2017 PER SF
CREDIT CARD PROCESSING FEEE $4,479 $0.74CHEMICALS $16,450 $2.72COSTS OF GOODS SOLD $2,782 $0.46INSURANCE $7,807 $1.29INTERNET/PHONE $2,987 $0.49LAWN CARE $570 $0.09PIT CLEANING $750 $0.12PROPERTY TAXES $10,378 $1.71REPAIRS AND MAINTENANCE $7,841 $1.30UTILITIES $17,502 $2.89
GROSS EXPENSES $71,549 $11.82
NET OPERATING INCOME $205,763 $33.99
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
S. OKC/MOORE CAR WASH PACKAGE805 NE 12th Ave, Moore, OK 73160
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
* Demographic data derived from 2010 US Census
1 Mile1 Mile 3 Miles3 Miles 5 Miles5 Miles
Total Population 9,004 59,802 135,362
Population Density 2,866 2,115 1,723
Median Age 34.7 33.2 33.1
Median Age (Male) 32.9 32.2 32.3
Median Age (Female) 37.0 34.2 33.8
Total Households 3,295 22,414 51,328
# of Persons Per HH 2.7 2.7 2.6
Average HH Income $61,808 $60,962 $60,732
Average House Value $137,511 $132,822 $135,092
S. OKC/MOORE CAR WASH PACKAGE805 NE 12th Ave, Moore, OK 73160
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
113 S. BroadwayEdmond, OK 73034
T 405.285.2100 x11C [email protected]
PrincipalPrincipalCHRIS ANDERSON, CCHRIS ANDERSON, CCIMCIM PrProfofesessional Backsional Backgrgroundound
Chris Anderson is a principal and one of two managing partners of Grant Group. Chris specializes in theacquisition and disposition of income producing properties with an emphasis on vehicle related retail aswell as traditional retail, multifamily, office and raw land.
Prior to forming the Grant Group, Chris was both a top performing investment advisor for anotherprominent commercial real estate firm in Oklahoma as well as an associate for a well known real estateinvestment trust (REIT) that owns and operates over 26,000 apartment units and roughly 2,000,000SF of retail space stretching from New Jersey to Florida and throughout the central U.S. in states suchas Oklahoma, Kansas and Missouri. Chris was responsible for overseeing all aspects of leasing andmarketing for the firm's Oklahoma portfolio.He was also an integral part of a small group of individualsthat evaluated potential acquisitions for the company.
Chris attended the University of Central Oklahoma where he studied business administration. He holdsthe very prestigious Certified Commercial Investment Member (CCIM) designation which approximatelyonly 6% of the 150,000 commercial practitioners nationwide hold. He is also a member of the NationalAssociation of Realtors (NAR), Realtors Commercial Alliance (RCA) and the Commercial Real EstateCouncil (CREC).
S. OKC/MOORE CAR WASH PACKAGE805 NE 12th Ave, Moore, OK 73160