LEGACY ELITE TUNNEL WASH - LoopNet

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

Nice full service wash located in SW OKC. 110' conveyor, central vac station,double pay stations, waiting room, etc situated on 1 acre of price real estate.Bank owned and being sold as-is.

LLOCAOCATION OTION OVERVERVIEWVIEW

Great location in SW OKC. Surrounded by several retailers, restaurants,apartments and offices.

PROPERTY SUMMARY

Sale PricSale Price:e: $1,500,000

Cap RaCap Ratte:e: 38.87%

NOI:NOI: $583,108

LLot Sizot Size:e: 1.0 Acres

Building SizBuilding Size:e: 5,542 SF

YYear Built:ear Built: 2007

MarkMarket:et: Oklahoma City

CrCrososs Ss Strtreets:eets: SW 104th andPennsylvania

LEGACY ELITE TUNNEL WASH2125 SW 104TH, Oklahoma City, OK 73159



grantgroupok.com

INVESTMENT OVERVIEW 2016 2017 2018 2019

Price $1,500,000 $1,500,000 $1,500,000 $1,500,000Price per SF $270.66 $270.66 $270.66 $270.66CAP Rate 38.9% 26.3% 14.8% 12.7%Cash-on-Cash Return (yr 1) 162.69 % 99.89 % 42.42 % 31.82 %Total Return (yr 1) $523,922 $335,531 $163,105 $131,314Debt Coverage Ratio 6.14 4.15 2.34 2.0

OPERATING DATA 2016 2017 2018 2019

Gross Scheduled Income $861,797 $668,367 $404,757 $345,168Other Income - - - -Total Scheduled Income $861,797 $668,367 $404,757 $345,168Vacancy Cost $0 $0 $0 $0Gross Income $861,797 $668,367 $404,757 $345,168Operating Expenses $278,689 $273,650 $182,466 $154,668Net Operating Income $583,108 $394,717 $222,291 $190,500Pre-Tax Cash Flow $488,074 $299,683 $127,257 $95,466

FINANCING DATA 2016 2017 2018 2019

Down Payment $300,000 $300,000 $300,000 $300,000Loan Amount $1,200,000 $1,200,000 $1,200,000 $1,200,000Debt Service $95,034 $95,034 $95,034 $95,034Debt Service Monthly $7,919 $7,919 $7,919 $7,919Principal Reduction (yr 1) $35,848 $35,848 $35,848 $35,848




grantgroupok.com


INCOME SUMMARY 2016 2017

GROSS INCOME $861,797 $668,367

EXPENSE SUMMARY 2016 2017

COGS $91,874 $71,921OUTSIDE SERVICES $3,200 -OPERATING SUPPLIES $5,213 $7,597CC FEES $15,144 $13,565RENT $750 $1,320EQUIPMENT RENTAL $683 -UTILITIES $70,274 $57,345TELEPHONE $2,882 $8,680REPAIRS & MAINTENANCE $36,145 $52,496SECURITY $2,094 $7,090ADVERTISING $754 $6,600INSURANCE $19,685 $20,408PROPERTY TAX $16,100 $16,230BANK CHARGES $5,528 $2,610VEHICLE EXPENSE $887 $946DUES $1,029 -OFFICE EXPENSE $678 $2,208LAUNDRY $5,769 $4,634

GROSS EXPENSES $278,689 $273,650

NET OPERATING INCOME $583,108 $394,717



grantgroupok.com


INCOME SUMMARY 2018 2019

GROSS INCOME $404,757 $345,168

EXPENSE SUMMARY 2018 2019

COGS $47,219 $36,700OPERATING SUPPLIES $303 $479CC FEES $10,874 $9,322RENT $1,300 $850UTILITIES $42,365 $51,548TELEPHONE $5,461 $3,443REPAIRS & MAINTENANCE $7,583 $4,144SECURITY $3,676 $3,353ADVERTISING $2,098 $963INSURANCE $22,383 $23,191PROPERTY TAX $33,866 $19,472BANK CHARGES $3,289 $943VEHICLE EXPENSE $87 $20DUES - $50OFFICE EXPENSE $1,962 $190

GROSS EXPENSES $182,466 $154,668

NET OPERATING INCOME $222,291 $190,500



grantgroupok.com




grantgroupok.com

POPULATION 1 MILE 3 MILES 5 MILES

Total Population 11,585 81,376 187,413

Average age 40.9 35.4 33.3

Average age (Male) 39.3 34.0 32.3

Average age (Female) 42.5 37.1 34.5

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 4,493 32,026 70,492

# of persons per HH 2.6 2.5 2.7

Average HH income $76,690 $63,543 $54,699

Average house value $210,292 $145,513 $126,236

* Demographic data derived from 2010 US Census




grantgroupok.com

CHRIS ANDERSON, CCHRIS ANDERSON, CCIMCIM

Principal

[email protected]:ect: 405.285.2100 x11 || CCell:ell: 405.408.9098

PROFESPROFESSIONAL BASIONAL BACKCKGROUNDGROUNDChris Anderson is a principal and one of two managing partners of Grant Group. Chris specializes in the acquisition and disposition of income producing propertieswith an emphasis on vehicle related retail as well as traditional retail, multifamily, office and raw land.

Prior to forming the Grant Group, Chris was both a top performing investment advisor for another prominent commercial real estate firm in Oklahoma as well as anassociate for a well known real estate investment trust (REIT) that owns and operates over 26,000 apartment units and roughly 2,000,000 SF of retail spacestretching from New Jersey to Florida and throughout the central U.S. in states such as Oklahoma, Kansas and Missouri. Chris was responsible for overseeing allaspects of leasing and marketing for the firm's Oklahoma portfolio.He was also an integral part of a small group of individuals that evaluated potential acquisitionsfor the company.

Chris attended the University of Central Oklahoma where he studied business administration. He holds the very prestigious Certified Commercial InvestmentMember (CCIM) designation which approximately only 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 Estate Council (CREC).

GrGrant Grant Groupoup113 S. Broadway

Edmond, OK 73034405.285.2100




grantgroupok.com

CACASEY MASEY MASSSEGEE, CSEGEE, CCIMCIM

Principal

[email protected]:ect: 405.285.2100 x10 || CCell:ell: 405.410.5406

PROFESPROFESSIONAL BASIONAL BACKCKGROUNDGROUNDCasey Massegee is a principal and one of two managing partners of The Grant Group, a full service commercial real estate firm located in Edmond, Oklahoma.Casey specializes in the acquisition and disposition of income producing properties such as apartment buildings, self storage facilities, and net lease investments.

Casey brings an array of additional tools to the table through his in depth and real world experience in not only brokerage and financial analysis but also propertymanagement, rehabilitation/repositioning as well as new construction.

Prior to forming The Grant Group, Casey was a top performing investment advisor for another prominent commercial real estate firm in Oklahoma. In addition toholding his broker’s license, Casey has also obtained his NASD securities and insurance licenses and has obtained the prestigious Certified Commercial InvestmentMember (CCIM) designation. Only 6% of the estimated 150,000 commercial real estate practitioners nationwide hold the CCIM designation, which reflects not onlythe caliber of the program but also why it is one of the most coveted and respected designations in the commercial real estate industry.

Casey is a graduate of the University of Oklahoma with a BA in Marketing. He is a member of the National Association of Realtors (NAR), Realtors CommercialAlliance (RCA), the Commercial Real Estate Council (CREC) and the Certified Commercial Investment Member network (CCIM).

GrGrant Grant Groupoup113 S. Broadway

Edmond, OK 73034405.285.2100


LEGACY ELITE TUNNEL WASH - LoopNet

Documents

Transcript of LEGACY ELITE TUNNEL WASH - LoopNet