APRIL 2019 Offering Memorandum - LoopNet...Drew Holbert, CCIM, SIOR501.372.6161 | 756...

Drew Holbert, CCIM, SIOR501.372.6161 | [email protected]

1 Allied Drive, Suite 1500Little Rock, AR 72202

501.372.6161colliers.com

Nathan Monan501.372.6161 | [email protected]

APRIL 2019

Offering Memorandum325 W Capitol Avenue,Little Rock, AR 72201

Colliers International | Arkansas325 W Capitol Avenue

Table of Contents

> PROPERTY OVERVIEW ....................................................................

> TENANT DESCRIPTION ...................................................................

> SUMMARYProforma Snapshot ............................................................................. Leaseback Summary ........................................................................... Proforma ............................................................................................. 3rd Floor Plan .....................................................................................

> PROPERTY MAPSAerial ...................................................................................................City Map ...............................................................................................Street Map ...........................................................................................

> COLLIERS INTERNATIONAL | AR AT A GLANCE .............................

1

2

3345

677

8

Colliers International | Arkansas 1325 W Capitol Avenue

LOCATION:

SUMMARY:

PURCHASE PRICE:

LEASE SUMMARY:

DISCLAIMER:

PROPERTY OVERVIEW

325 W Capitol Avenue, 3rd floor, Little Rock, AR

325 W Capitol Avenue, the former Federal Reserve Bank Building, is a three-story, class “A” condo/office building. The subject property is situated on the entire top floor (3rd floor) in the heart of the Financial District in downtown Little Rock.

$2,960,533 (approximately $170.18/SF)

Seller (FNBB) willing to consider lease-back arrangement.

Information contained herein is gathered from third party sources and believed to be reliable. This Summary and the statements contained herein are merely statements of opinion and are not being made by an appraiser or valuation expert and may not accurately reflect the actual value of the property, building, land or improvements, which are the subject of this Summary. The report is not to be construed or relied upon as an appraisal report for the property. The Summary is not to be used in connection with any real estate related financial transaction in which a federal financial institutions regulatory agency, Department of Housing and Urban Development, Fannie Mae, Freddie Mac, or the National Credit Union Administration engages in, contracts for, or regulates and requires the services of an appraiser.

This summary and other materials do not constitute an offer, solicitation of an offer or any agreement for the purchase or sale of any securities, and any such investment described herein is expressly subject to compliance with all applicable federal and state securities laws, execution and delivery of definitive subscription documents and satisfaction of investor eligibility.

Asset Summary


TENANT DESCRIPTION

First National Bankers Bank “FNBB”

FNBB was the first nationally chartered banker’s bank in the country and opened for business on July 2, 1984. This came at a time when the banking industry was changing across the nation and banks started branching out across parish and county lines. Community bankers recognized that the larger money center banks that had traditionally provided them with vital correspondent banking services would come into their markets and become direct competitors. The concept of “banker’s banks” was realized in several states across the country and the time had come for a group of community bankers to create a banker’s bank in Louisiana.

Today, FNBB has offices in Louisiana, Arkansas, Alabama, Georgia, Mississippi, and Florida serving the correspondent banking needs of more than 600 community banks throughout the Southeast. Each of our regional offices is managed by a local president and staff that possess extensive banking experience and great familiarity with their respective market. This local insight and depth of expertise gives FNBB a unique understanding of the needs and concerns of community bankers.

MISSION STATEMENT

FNBB, Inc. is organized to be a profitable and well capitalized financial services corporation providing high quality correspondent services which facilitate the growth and success of its shareholders and clients. It is focused on serving the management and financial needs of community financial institutions in the United States.


SUMMARY

Proforma Snapshot & Leaseback Summary

LEASEBACK SUMMARYTenant: First National Bankers Bank

Size: 7,930 SF

Rate/SF: $20/SF

Lease Type: Full Service Gross

Term: 5 years from acquisition*

Address: 325 W Capitol Avenue, 3rd Floor, Little Rock, AR

Floor size: 17,396 SF

Parking: 40 on-site spaces

Zoning: UU - Urban Use

*Includes 3% annual rental escalations

PROFORMA SNAPSHOTGross Operating Income: $317,200

All Expenses & Utilities: ($95,160) ($6/SF)

Net Operating Income: $222,040

Acquisition Price @ a 7.5% cap rate: $2,960,533

FNBB’s willingness and interest to being a tenant is subject to discussion and negotiation. FNBB is not offering a formal commitment, but a potential option if the deal/lease parameters presented are acceptable to FNBB in its sole discretion.

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THE FEDERAL

RESERVE BUILDING

LITTLE ROCK, ARKANSAS

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LITTLE ROCK, ARKANSAS

US

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Scale

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MECHANICAL

5Co

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Ark

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5 W

Cap

itol A

venu

e

SUM

MAR

Y


Aerial

PROPERTY MAPS

SUBJECT

W CAPITOL AVE

BROA

DWAY

ST

W 6TH ST


City Map

PROPERTY MAPS

Street Map


Arkansas**• 2 offices in Little Rock &

Northwest Arkansas• 106 professionals & staff• 26 brokers• Approx. 18.4 million square

feet under management• 538 lease & sale transactions• Over $347 million total sales• Over $147 million total leases

**Based on 2018 results

400 offices in 69 countries

> US $2.7 billion in annual revenue

> 15,400 professionals and staff

> 2 billion* square feet under management

> $116 billion USD in total transaction value

* Square footage includes office, industrial and retail property under management. Residential property is excluded from this total. All statistics are for 2017.

Colliers International Arkansas is the largest commercial real estate firm in Arkansas, with 18.4 million square feet of commercial space leased and managed. Our 106 employees are strategically located in Little Rock and Rogers to serve our clients in Arkansas and beyond. We have been shaping Arkansas’ commercial real estate landscape since 1971. Predecessor firms include Barnes, Quinn, Flake & Anderson, IBR Real Estate, Lane Real Estate Services and most recently, Irwin Partners. Members of these firms came together to join Colliers in 2004. We are the leader in providing full-service commercial real estate services in Arkansas.

The foundation of our service is the strength and depth of our specialists. Our clients can depend on our ability to draw on years of direct experience in the local market. Our professionals know their communities inside and out. Whether you are a local firm or a global organization, we can provide creative solutions for all your real estate needs.

CORE SERVICESOur comprehensive portfolio of services includes:

> Brokerage > Landlord Representation > Tenant Representation> Corporate Solutions> Investment Services> Project Management> Real Estate Management Services> Valuation and Advisory Services> Special Asset Services

We offer our core services across a variety of property sectors including:

> Land> Hotel> Industrial> Mixed-use> Office> Retail

In addition to these sectors, we provide our clients with a deep level of knowledge within specialized industries such as call centers, law firms, healthcare and more.

Accelerating success.

LITTLE ROCK1 Allied Dr., Suite 1500Little Rock, AR 722021.501.372.6161colliers.com

NORTHWEST ARKANSAS4204 S. Pinnacle Hills Pkwy, Suite 102Rogers, AR 727581.479.636.9000colliers.com

AT A GLANCE

COLLIERS INTERNATIONAL | ARKANSAS


CONFIDENTIALITY & DISCLAIMER STATEMENTProjections and assumptions used herein are forward looking statements and include estimates only. The assumptions are sub-ject to future events, and accordingly, are not, and should not be viewed as a guaranty or other assurance of actual future performance.This investment summary is not an offer to sell, or a solicitation of an offer to purchase, any membership interest in the LLC or other securities. In-stead, this investment summary is merely an overview of the property to be owned by the LLC, current lease agreements for the property, anticipated investment structure, and a market overview of the area in which the property is locate. Membership interests in the LLC will only be sold only to accredited investors, as such term is defined under Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended. Purchas-ers of membership interests in the LLC will be required to provide written evidence of their suitability as an investor by delivering customary sub-scription documents to the LLC. Purchasers of membership interests in the LLC will also be required to execute the LLC Operating Agreement and other related documents in connection with any purchase. Any offer will only be made by the separate subscription agreement and related materials.

1 Allied Drive, Suite 1500Little Rock, AR 72202

501.372.6161colliers.com

Drew Holbert, CCIM, SIOR501.372.6161 | [email protected]

Nathan Monan501.372.6161 | [email protected]

APRIL 2019 Offering Memorandum - LoopNet...Drew Holbert, CCIM, SIOR501.372.6161 | 756...

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Transcript of APRIL 2019 Offering Memorandum - LoopNet...Drew Holbert, CCIM, SIOR501.372.6161 | 756...