multi-family development opportunity jamestown apartments

MATT OLSON - ASSOC. BROKER, CCIM, SIOR Property Resources Group Phone: 701.499.3921Email: [email protected] www.PropertyResourcesGroup.com

STEVE MICHEL - PRESIDENT, BROKER Michel Commercial Real Estate International, Inc.Phone: 612.850.4539Email: [email protected] www.MichelCommercialRE.com

JAMESTOWN APARTMENTSJAMESTOWN APARTMENTSJAMESTOWN, ND | 20 UNITSJAMESTOWN, ND | 20 UNITS

Offering Memorandum multi-family development opportunity

MICHEL COMMERCIAL REAL ESTATE INTERNATIONAL, INC PROPERTY RESOURCES GROUP P.2

OFFERING MEMORANDUM

OFFERING PROCESS ...................................................................................................... 3

PROPERTY DETAILSArea Description.......................................................................................................................4 Property Details ......................................................................................................................5Area Map....................................................................................................................................6

PROPERTY PHOTOGRAPHS Property Photographs ..................................................................................................... 7-9

DISCLAIMER ............................................................................................................................ 10

*All information contained herein is believed to be true but should be verified to the buyer’s satisfaction in case of error, typographical or otherwise. All information is subject to change without further notice.

TABLE OF CONTENTSTABLE OF CONTENTS


OFFERING MEMORANDUM

OFFERING PROCESSOFFERING PROCESS

All offers must consist of a Letter of Intent and include the debt/equity structure and source of funds. Seller reserves the right to remove the property from the market at any time. Seller expressly reserves the right, in its sole and absolute discretion, to reject any and all proposals or expressions of interest in the Property, to terminate discussions with any party at any time, or to extend the deadlines previously set forth. Upon receipt of an acceptable Letter of Intent, the successful Offeror will be supplied a Purchase Agreement. All communications, inquiries and requests should be addressed to Michel Commercial Real Estate International, Inc. or Property Resources Group, as the exclusive representa-tives of the Seller. The management of the Property should not be contacted directly. To schedule a tour or for property inquiries, please contact one of the representatives below:

Matt Olson 701.499.3921

Steve Michel 612.850.4539 Neither the Seller nor Michel Commercial Real Estate International, Inc. or Property Resources Group make any representations or warranties, expressed or implied, as to the accuracy or completeness of the information contained in the marketing materials or their contents and all Purchasers are advised to independently verify any information they deem important. Purchasers should not rely upon the information provided by or through Seller without independent verification. The marketing materials do not purport to contain all of the information that a Purchaser may desire and Purchasers are urged to conduct their own investigation and analysis.


OFFERING MEMORANDUM

AREA DESCRIPTIONAREA DESCRIPTION

JAMESTOWNJamestown is located at the intersection of Interstate 94 and Highway 281 midway between Bismarck (State Capitol) and Fargo (Largest City). Located in the valley where the James and Pipestem rivers meet the city has a population of about 16,000.

The City offers a variety of recreational opportunities from summer activities such as fishing, hunting, and golfing to winter activities such as ice fishing, snowmobiling, and cross country skiing. Jamestown is also home to The World’s Largest Buffalo, the National Buffalo Museum, and the North Dakota Sports Hall of Fame. Jamestown offers something for everyone!

Known as the “Pride of the Prairie”, Jamestown extends friendly hospitality to all visi-tors. Whether touring the Frontier Village and viewing our live herd of buffalo, visiting our historical sites, or joining us for a tournament at one of our sporting complexes, we are sure you will enjoy Jamestown. A year-round vacation area, Jamestown also offers a variety of entertainment, excellent motel accommodations, and fine dining to make your visit an unforgettable experience!


OFFERING MEMORANDUM

PROPERTY DETAILSPROPERTY DETAILS

Jamestown Apartments

This package consists of 20 units in 4 buildings in Jamestown, ND. The building are on two streets with a shared Alley between. One 8 unit is on 11 Street SE and three four unit buildings are on 10th SE Street. The garages for all of the units are off of the Alley.

The units are in very good condition and have an excellent rental history.

There are total of 20 garage units for the portfolio.

About the Property

Property Addresses: 1313 11th St SE – 8 Units 1314 10th St SE – 4 Units 1318 10th St SE – 4 Units 1322 10th St SE – 4 Units Purchase Price: $900,000.00

Cap Rate: 5.5%

Price Per Unit: $45,000.00

Units: 20

Unit Mix: 2 BR/1 Bath: 19 1 BR/1 Bath: 1

*Financials available upon request with a signed confidentiality agreement.


OFFERING MEMORANDUM

JAMESTOWN MAP JAMESTOWN MAP

1

LOCATIONS:1313 11th Street SE Units: 8

1314 10th Street SE Units: 4



Jamestown Apartments


OFFERING MEMORANDUM

PROPERTY PHOTOGRAPHSPROPERTY PHOTOGRAPHS


OFFERING MEMORANDUM



OFFERING MEMORANDUM

DISCLAIMERDISCLAIMER

*All information contained herein is believed to be true but should be verified to the buyer’s satisfaction in case of error, typographical or otherwise. All information is subject to change without further notice.

multi-family development opportunity jamestown apartments

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