offering memorandum (l)...atc window tinting & graphics, serving orange park, jacksonville,...

179 COLLEGE DRIVEORANGE PARK, FL 32065

JEFFERSON CROSSING

ExExclclusiusivelvely Presented By Presented By:y:

TTyler Sayler Saldlduuttitti

Chief Executive Officer904.373.0578

[email protected]

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and youradvisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited.

CONTENTSCONTENTS

PROPERTY INFORMATION 3

LOCATION INFORMATION 8

FINANCIAL ANALYSIS 12

SALE COMPARABLES 15

RENT COMPARABLES 20

ADVISOR BIOS 27

CONFIDENTIALITY & DISCLAIMER

All materials and information received or derived from Prime Realty Inc its directors, officers, agents, advisors, affiliatesand/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy,condition of the property, compliance or lack of compliance with applicable governmental requirements, developability orsuitability, financial performance of the property, projected financial performance of the property for any party’s intendeduse or any and all other matters.

Neither Prime Realty Inc its directors, officers, agents, advisors, or affiliates makes any representation or warranty,express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received.Materials and information from any source, whether written or verbal, that may be furnished for review are not asubstitute for a party’s active conduct of its own due diligence to determine these and other matters of significance tosuch party. Prime Realty Inc will not investigate or verify any such matters or conduct due diligence for a party unlessotherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conducttheir own inspections and investigations including through appropriate third party independent professionals selected bysuch party. All financial data should be verified by the party including by obtaining and reading applicable documentsand reports and consulting appropriate independent professionals. Prime Realty Inc makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data or assumptions. Prime RealtyInc does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptionsregarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarilymean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents fromor for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with acertified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by Prime Realty Inc in compliance with all applicablefair housing and equal opportunity laws.


4 PROPERTY INFORMATION

OFFERING SUMMAROFFERING SUMMARYY

Sale Price: $2,795,000

Cap Rate: 8.21%

NOI: $229,467

Lot Size: 2.37 Acres

Year Built: 2007

Building Size: 23,000 SF

Zoning: BB2

Market: Jacksonville

Submarket: Orange Park

Price / SF: $121.52

Prime Realty is pleased to present this excellent opportunity to purchase Jefferson Crossing, a multi-tenant commercialproperty located in the highly desirable Orange Park, FL.

Jefferson Crossing was built on 2.37 acres and designed in two phases; the front building is 8,107 sq ft and the backbuilding is 14,893 sq ft. The center is in great condition and long term tenants make this an incredible investmentopportunity. Easy access to Jefferson Crossing and high traffic counts of 23,800 on College Drive.

Orange Park has grown dramatically and has developed as the northeastern gateway to Clay County. Commerce andbusiness has flourished, not only in the Town, but in the greater Orange Park area as well. Located in northeast Florida,within driving distance of bustling Jacksonville and its numerous beaches and attractions, Orange Park boasts a historyand culture all its own, with golf courses, varied lodging options, wedding venues, parks and shopping.

PROPERPROPERTY OTY OVERVERVIEWVIEW

•

Executive Summary

Je8erson Crossing 179 College Drive , Orange Park, FL 32065



SALE HIGHLIGHTSSALE HIGHLIGHTS

• Located at the fully signalized intersection of College Drive and Jefferson

Avenue in Orange Park, Florida.

• 37 foot high pylon signage

• Ample parking

• Each space has a 200 amp electric service

• Where industry norm is 1.5 inches of asphalt and 6 inches of base, we used 2

inches of asphalt and 8 inches of base.

• Each space completely air conditioned and is heavily insulated.

• All gutters drain underground and there is no sheet flow across the parking lot.

• The property is curbed and guttered.

• Exterior block walls have been filled with insulation, raising r-value.

• The roof chosen for both buildings is a 30 year 2 inch standing seam metal

roof in 24 gauge.

• The entire project is built of split face block further allowing low maintenance.

• The property shows as new and is in excellent condition.

• Built in 2007

• Zoned BB2

• Short term leases allow new owner to improve rent roll

Complete Highlights




Additional Photos


SECTION 2LOCALOCATION INFORMATION INFORMATIONTION



9 LOCATION INFORMATION

Jefferson Crossing

Regional Map




Aerial




Retailer Map


SECTION 3RENT ROLL & TENRENT ROLL & TENANT OANT OVERVERVIEWVIEW



13 FINANCIAL ANALYSIS

TENTENANTANT

NNAMEAME

UNITUNIT

NUMBERNUMBER

UNITUNIT

SIZE (SF)SIZE (SF)

LEASELEASE

STSTARARTT

LEASELEASE

ENDEND

BASEBASE

RENTRENT

% OF% OF

BUILDINGBUILDING

PRICEPRICE

PER SF/YRPER SF/YR

BASICS: Range & Gun, LLC Units 1-6 7,500 10/1/2013 3/31/2040 $67,725 32.61 $9.03

Trinity Audio and Video Unit 7 1,250 5/15/2008 1/21/2019 $12,125 5.43 $9.70

CM Werx Unit 8 1,250 3/26/2018 5/31/2019 $12,613 5.43 $10.09

ATC Window Tinting Unit 9 1,250 4/27/2011 9/30/2019 $12,613 5.43 $10.09

Strength Trainer Unit 10 1,250 9/15/2017 11/15/2018 $12,613 5.43 $10.09

New Era Restoration, LLC Unit 11 1,250 12/8/2011 1/31/2019 $12,125 5.43 $9.70

Mattress Company Unit 12 1,143 10/20/2017 10/19/2018 $12,664 4.97 $11.08

Trinity Unit 13 1,267 9/25/2018 1/24/2020 $12,670 5.51 $10.00

West Park Worship Center Unit 14-15 2,280 1/27/2012 1/26/2019 $20,406 9.91 $8.95

Betty Edwards Unit 16 1,140 4/17/2013 1/31/2019 $13,726 4.96 $12.04

Doctor's Office Unit 17 1,140 9/13/2017 9/12/2018 $12,665 4.96 $11.11

Charles Preston Unit 18 1,140 4/22/2013 1/31/2018 $12,631 4.96 $11.08

Pizza Unit 19 1,140 9/20/2017 9/19/2020 $14,911 4.96 $13.08

Totals/Averages 23,000 $229,487 $9.98

Rent Roll



14 FINANCIAL ANALYSIS

Basics: Range & Gun is a tactical indoor gun range serves Jacksonville, Orange Park, Fleming Island,Green Cove Springs, Middleburg and St. Johns County. They are a full service range open to the public.This 20 yard, 10 lane range that is both Bull's eye and tactical.

BASICS: RANGE & GUN LLCBASICS: RANGE & GUN LLC

ATC Window Tinting & Graphics, serving Orange Park, Jacksonville, Gainesville, and all of NortheastFlorida.They are your one-stop shop for Window Tinting, Paint Protection (clear Bra), HeadlightProtection, Custom vehicle graphic design wraps and much, much more. With 20 years in the windowtinting and automotive business, and only use products from top manufacturers, like XPEL PaintProtection, 3M, SunTek Window Tinting Johnson Window films and Lamin-X headlight and tail light film.

AATC WINDOTC WINDOW TINTINGW TINTING

WEST PWEST PARK WORARK WORSHIP CENTERSHIP CENTER

Costello's Music originated in Cleveland, Ohio in 1930, and has been operating ever since. Relocatingfrom Fredonia, New York to Orange Park, Florida in 2005, they continue our history of excellent qualityrepairs and outstanding customer service.

Tenant Overview


SECTION 4SALE COSALE COMPMPARABLESARABLES



16 SALE COMPARABLES

SUBJECT PROPERSUBJECT PROPERTYTY

179 College Drive | Orange Park, FL 32065

$2,795,000Sale Price: 2.37 ACLot Size:

2008Year Built: 23,000 SFBuilding SF:

$121.52Price PSF: 8.21%Cap:

$229,467NOI:

11

5856 MINING TERRA5856 MINING TERRACECE

Jacksonville , FL 32257

$2,050,000Sale Price: 2.73 AcresLot Size:


$143.96Price PSF: 8.2%CAP:

12/31/2016Closed:

11

22

10140 PHILIPS HWY10140 PHILIPS HWY


$2,140,000Sale Price: 1 AcresLot Size:


$201.89Price PSF: 08/09/2017Closed:

22

Sale Comps



17 SALE COMPARABLES

33

1820 ST1820 STAATE ROTE ROAD 13AD 13




$129.60Price PSF: 11/04/2016Closed:

33

44

1980 WELLS RO1980 WELLS ROADAD




$133.93Price PSF: 7%CAP:

06/01/2017Closed:

44

Sale Comps



18 SALE COMPARABLES

SUBJECT PROPERSUBJECT PROPERTYTY PRICEPRICE BLDG SFBLDG SF PRICE/SFPRICE/SF CAPCAP

Jefferson Crossing179 College Drive

Orange Park, FL 32065

$2,795,000 23,000 SF $121.52 8.21%

SALE COSALE COMPSMPS PRICEPRICE BLDG SFBLDG SF PRICE/SFPRICE/SF CAPCAP CLOSECLOSE

5856 Mining TerraceJacksonville , FL32257

$2,050,000 14,240 SF $143.96 8.2% 12/31/2016

10140 Philips HwyJacksonville , FL32256

$2,140,000 10,600 SF $201.89 - 08/09/2017

1820 State Road 13Jacksonville , FL32259

$1,515,000 11,690 SF $129.60 - 11/04/2016

1980 Wells RoadJacksonville , FL32073

$3,750,000 28,000 SF $133.93 7.0% 06/01/2017

PRICEPRICE BLDG SFBLDG SF PRICE/SFPRICE/SF CAPCAP CLOSECLOSE

Totals/Averages $2,363,750 16,133 SF $146.52 7.6%

1

2

3

4

Sale Comps Summary



19 SALE COMPARABLES

179 College Drive | Orange Park, FL 32065SUBJECT PROPERSUBJECT PROPERTYTY

11 Jacksonville , FL32257

5856 MINING TERRA5856 MINING TERRACECE22 Jacksonville , FL

32256

10140 PHILIPS HWY10140 PHILIPS HWY33 Jacksonville , FL

32259

1820 ST1820 STAATE ROTE ROAD 13AD 1344 Jacksonville , FL

32073

1980 WELLS RO1980 WELLS ROADAD

Sale Comps Map


SECTION 5RENT CORENT COMPMPARABLESARABLES


11

ROOSEVELROOSEVELT COT COMMERMMERCE CENTERCE CENTER

7254 Golden Wings Road - Building 2 | Jacksonville , FL 32244

$10.50 SFLease Rate: NNNLease Type:2,940 SFSpace Size: 2008Year Built:23,520 SFBldg Size: 4 ACLot Size:

11

22

6215 WILSON BL6215 WILSON BLVD - BUILDING #2VD - BUILDING #2

Jacksonville, FL 32210

$11.40 SFLease Rate: MGLease Type:2,012 SFSpace Size: 1955Year Built:3,262 SFBldg Size: 6.05 ACLot Size:

22

33

8725 YO8725 YOUNGERMAN CT - BUILDING 1UNGERMAN CT - BUILDING 1


$11.50 SFLease Rate: 2,400 SFSpace Size:2004Year Built: 26,400 SFBldg Size:6.06 ACLot Size:

33


21 RENT COMPARABLES

Rent Comps


44

1660 LANE A1660 LANE AVEVE


$14.00 SFLease Rate: MGLease Type:1,400 SFSpace Size: 1985Year Built:9,232 SFBldg Size: 0.57 ACLot Size:

44

55

MAGNOLIA LAMAGNOLIA LAYNEYNE

1305 N Orange Ave | Jacksonville, FL 32043

$14.00 SFLease Rate: NNNLease Type:1,250 SFSpace Size: 1989Year Built:87,454 SFBldg Size: 0 ACLot Size:

55

66

FFASHION SQUASHION SQUARE SHOPPING CENTERARE SHOPPING CENTER

1750-1756 Wells Road | Jacksonville, FL 32073

$14.00 SFLease Rate: NNNLease Type:3,000 SFSpace Size: 1994Year Built:13,125 SFBldg Size: 9.08 ACLot Size:

66


22 RENT COMPARABLES

Rent Comps



23 RENT COMPARABLES

RENT CORENT COMPSMPS PRICE/SF/YRPRICE/SF/YR AAVVAILABLE SFAILABLE SF BLDG SFBLDG SF

Roosevelt Commerce Center7254 Golden Wings Road - Building 2Jacksonville , FL 32244

$10.50 2,940 SF 23,520 SF

6215 Wilson Blvd - Building #2Jacksonville, FL32210

$11.40 2,012 SF 3,262 SF

8725 Youngerman Ct - Building 1Jacksonville, FL32244

$11.50 2,400 SF 26,400 SF

1660 Lane AveJacksonville, FL32210

$14.00 1,400 SF 9,232 SF

Magnolia Layne1305 N Orange AveJacksonville, FL 32043

$14.00 1,250 SF 87,454 SF

Fashion Square Shopping Center1750-1756 Wells RoadJacksonville, FL 32073

$14.00 3,000 SF 13,125 SF

PRICE/SF/YRPRICE/SF/YR AAVVAILABLE SFAILABLE SF BLDG SFBLDG SF

Totals/Averages $12.57 2,167 SF 27,166 SF

1

2

3

4

5

6

Rent Comps Summary



24 RENT COMPARABLES

11

7254 Golden Wings Road - Building 2Jacksonville , FL 32244

ROOSEVELROOSEVELT COT COMMERMMERCECECENTERCENTER 22

Jacksonville, FL32210

6215 WILSON BL6215 WILSON BLVD - BUILDINGVD - BUILDING#2#2 33

Jacksonville, FL32244

8725 YO8725 YOUNGERMAN CT -UNGERMAN CT -BUILDING 1BUILDING 1 44 Jacksonville, FL

32210

1660 LANE A1660 LANE AVEVE

55 1305 N Orange AveJacksonville, FL 32043

MAGNOLIA LAMAGNOLIA LAYNEYNE66

1750-1756 Wells RoadJacksonville, FL 32073

FFASHION SQUASHION SQUARE SHOPPINGARE SHOPPINGCENTERCENTER

179 College Drive | Orange Park, FL 32065SUBJECT PROPERSUBJECT PROPERTYTY

Rent Comps Map


SECTION 6DEMOGRAPHICSDEMOGRAPHICS




Demographics


SECTION 7ADADVISOR BIOVISOR BIO



28 ADVISOR BIOS

4237 Salisbury Road North, Building 2, Suite 212Jacksonville, FL 32216T [email protected]

PROFESSIONPROFESSIONAL BAAL BACKGROCKGROUNDUND

Prime Realty is under the direction of Tyler J Saldutti. Tyler is a fourth generation real estate entrepreneur; and, prior tostarting Prime Realty, was a top producer working for a global commercial real estate firm. He has consulted real estateowners and users from a wide range of industries and built a reputation for finding the best real estate solutions throughcreative deal structures and a project approach to each assignment. His team manages the real estate transaction process forclients; including, project coordination between tenants, building owners, local municipalities, federal agencies, financialinstitutions, attorneys, accountants, designers, contractors and engineers. Established and awarded as a top professional inhis field, Tyler is able to deliver out-of-the-box solutions to complete projects, increase returns, and deliver timely results.

EDEDUUCACATIONTION

Bachelors of Science, Babson College, Wellesley, MAWork Study, Richmond The American International University in London, London, UK

MEMBERMEMBERSHIPS & AFFILIASHIPS & AFFILIATIONSTIONS

CCIM - Commercial Real Estate’s Global Standard for Professional AchievementNAIOP - Commercial Real Estate Development AssociationICSC - International Council of Shopping CentersFCMA - First Coast Manufacturing AssociationBabson College Real Estate Affinity Group and First Coast AlumnieTower - Building the Next Generation of Entrepreneurs

TYLER SALDTYLER SALDUTTIUTTI

Chief Executive Officer

Advisor Bio & Contact 1


offering memorandum (l)...atc window tinting & graphics, serving orange park, jacksonville,...

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