sale brochure (l)€¦ · pre-tax cash flow $55,703 $40,035 financing data 2017 2016 down payment...
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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
Well maintained carwash consisting of 4 self serve bays & 1 automatic. Greatentry level carwash offering consistent cash flow and little maintenance.
LLOCAOCATION OTION OVERVERVIEWVIEW
Located between I-40 & I-240 on the east side of Sooner Road. Property sitsnext to Wal-Mart.
PROPERTY SUMMARY
Sale PricSale Price:e: $595,000
Cap RaCap Ratte:e: 17.21%
NOI:NOI: $102,392
LLot Sizot Size:e: 0.39 Acres
Building SizBuilding Size:e: 2,554 SF
YYear Built:ear Built: 2004
ZZoning:oning: Commercial
MarkMarket:et: Oklahoma City
Sub MarkSub Market:et: Midwest City
CrCrososs Ss Strtreets:eets: SE 44th & SoonerRoad
CAR SPA CAR WASH5102 S. SOONER ROAD, Oklahoma City, OK 73135
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 2016
Price $595,000 $595,000Price per SF $232.97 $232.97CAP Rate 17.2% 14.6%Cash-on-Cash Return (yr 1) 50.18 % 36.07 %Total Return (yr 1) $77,501 $61,833Debt Coverage Ratio 2.19 1.86
OPERATING DATA 2017 2016
Gross Income $135,789 $128,954Operating Expenses $33,396 $42,229Net Operating Income $102,392 $86,724Pre-Tax Cash Flow $55,703 $40,035
FINANCING DATA 2017 2016
Down Payment $111,000 $111,000Loan Amount $484,000 $484,000Debt Service $46,689 $46,689Debt Service Monthly $3,890 $3,890Principal Reduction (yr 1) $21,798 $21,798
CAR SPA CAR WASH5102 S. SOONER ROAD, Oklahoma City, OK 73135
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
CAR SPA CAR WASH5102 S. SOONER ROAD, Oklahoma City, OK 73135
INCOME SUMMARY 2017 2016
WASH REVENUE $135,789 $128,954
GROSS INCOME $135,789 $128,954
EXPENSE SUMMARY 2017 2016
BANK SERVICE CHARGES - CC FEES $2,654 $7,588INSURANCE $1,985 $1,896SOAPS & CHEMICALS $7,450 $6,650REPAIRS & MAINTENANCE $5,741 $9,223PROPERTY TAX $4,489 $2,394UTILITIES $10,506 $10,875LAWN CARE $570 -SUPPLIES - $3,516INTERNET - $85
GROSS EXPENSES $33,396 $42,229
NET OPERATING INCOME $102,392 $86,724
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
CAR SPA CAR WASH5102 S. SOONER ROAD, Oklahoma City, OK 73135
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
CAR SPA CAR WASH5102 S. SOONER ROAD, Oklahoma City, OK 73135
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 5 Miles5 Miles 10 Miles10 Miles
Total Population 7,113 110,687 423,880
Population Density 2,264 1,409 1,349
Median Age 31.5 32.5 34.0
Median Age (Male) 27.9 31.1 33.1
Median Age (Female) 33.8 33.6 34.8
Total Households 2,517 42,449 163,376
# of Persons Per HH 2.8 2.6 2.6
Average HH Income $60,059 $50,775 $51,283
Average House Value $98,649 $122,032
CAR SPA CAR WASH5102 S. SOONER ROAD, Oklahoma City, OK 73135
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).
CAR SPA CAR WASH5102 S. SOONER ROAD, Oklahoma City, OK 73135