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Stand Alone RetailInvestment3 3 4 B R O C K B R I D G E R D , L A U R E L , M D 2 0 7 2 4
R E T A I L P R O P E R T Y F O R S A L E
K&M Commercial Real Estate 459 Herndon Pkwy #21 Herndon, VA 20170 | 703.734.2822 | svndc.com
3PROPERTY INFORMATION
7LOCATION INFORMATION
11FINANCIAL ANALYSIS
15DEMOGRAPHICS
17ADVISOR BIOS
Confidentiality & Disclaimer
TABLE OF CONTENTS stand alone retail investment page 2
All materials and information received or derived from K&M Commercial Real Estate its directors, officers, agents, advisors,affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, oraccuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developabilityor suitability, financial performance of the property, projected financial performance of the property for any party’s intended useor any and all other matters.
Neither K&M Commercial Real Estate 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. Materialsand information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’sactive conduct of its own due diligence to determine these and other matters of significance to such party. K&M Commercial RealEstate will not investigate or verify any such matters or conduct due diligence for a party unless otherwise 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 conduct theirown inspections and investigations including through appropriate third party independent professionals selected by such party.
All financial data should be verified by the party including by obtaining and reading applicable documents and reports andconsulting appropriate independent professionals. K&M Commercial Real Estate makes no warranties and/or representationsregarding the veracity, completeness, or relevance of any financial data or assumptions. K&M Commercial Real Estate does notserve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financialperformance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates ofmarket rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at orincreased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or 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 K&M Commercial Real Estate in compliance with allapplicable fair housing and equal opportunity laws.
OFFERING SUMMARY
Sale Price: $995,490
Cap Rate: 7.07%
NOI: $70,424
Lot Size: 0.5 Acres
Year Built: 1955
Building Size: 4,680
Zoning: C1A
Taxes: $5190
Price / SF: $212.71
K & M Commercial is happy to present for SALE this stand alone retail investment property located on 1/2 acre. 4,500 RSF buildingthat features 3 tenants and fenced in rear parking lot area. Minutes from Route 1 and I-95.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS• Stand Alone Retail Investment Property
• 3 Tenants in-place
• 1/2 Acre lot
• Current NOI of $70,424
EXECUTIVE SUMMARY stand alone retail investment page 4
LOCATION INFORMATIONBuilding Name Stand Alone Retail Investment
Street Address 334 Brock Bridge Rd
City, State, Zip Laurel, MD 20724
County Anne Arundel
Signal Intersection No
BUILDING INFORMATIONNOI $70,424.00
Cap Rate 7.07
Occupancy % 100.0%
Tenancy Multiple
Number Of Floors 1
Year Built 1955
Free Standing No
PROPERTY HIGHLIGHTS• Stand Alone Retail Investment Property
• 3 Tenants in-place
• 1/2 Acre lot
• Current NOI of $70,424
COMPLETE HIGHLIGHTS stand alone retail investment page 5
ADDITIONAL PHOTOS stand alone retail investment page 6
Laurel, MD
REGIONAL MAP stand alone retail investment page 8
LOCATION MAPS stand alone retail investment page 9
AERIAL MAPS stand alone retail investment page 10
INVESTMENT OVERVIEW
Price $995,490Price per SF $212.71CAP Rate 7.1%Cash-on-Cash Return (yr 1) 7.07 %Total Return (yr 1) $70,424Debt Coverage Ratio -
OPERATING DATA
Gross Scheduled Income $74,444Other Income -Total Scheduled Income $74,444Vacancy Cost $0Gross Income $74,444Operating Expenses $4,020Net Operating Income $70,424Pre-Tax Cash Flow $70,424
FINANCING DATA
Down Payment $995,490Loan Amount -Interest Rate -%Amortization Schedule - YearsDebt Service -Debt Service Monthly -Principal Reduction (yr 1) -
FINANCIAL SUMMARY stand alone retail investment page 12
INCOME SUMMARY PER SF
Gross Income $74,444 $15.91
EXPENSE SUMMARY PER SF
Proportionate Share of Utilities for Barber Shop $2,640 $0.56Proportionate Share of Taxes for Barber Shop $780 $0.17Proportionate Share of CAM for Barber Shop $600 $0.13Gross Expenses $4,020 $0.86
Net Operating Income $70,424 $15.05
INCOME & EXPENSES stand alone retail investment page 13
TENANTNAME
UNITNUMBER
UNITSIZE (SF)
LEASESTART
LEASEEND
ANNUALRENT
% OFGLA
PRICEPER SF/YR
Ned Stevens Gutter Cleaning 1,800 5/1/2015 1/31/2022 $31,824 38.46 $17.68
Naila's Family Style Barber 700 07/16/2012 07/15/2022 $21,000 14.96 $30.00
Abundant Grace Ministries 2,000 5/1/2017 04/30/2024 $21,620 42.74 $10.81
Totals/Averages 4,500 $74,444 $16.54
RENT ROLL stand alone retail investment page 14
POPULATION 1 MILE 3 MILES 5 MILESTotal population 5,043 73,125 144,094
Median age 33.8 32.4 33.3
Median age (Male) 31.9 31.3 31.6
Median age (Female) 35.1 32.7 34.5
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILESTotal households 2,041 28,844 52,305
# of persons per HH 2.5 2.5 2.8
Average HH income $81,520 $82,986 $90,589
Average house value $311,203 $350,722 $374,567
* Demographic data derived from 2010 US Census
DEMOGRAPHICS MAP & REPORT stand alone retail investment page 16
MD #0660396 // VA #0225084011 NC #180850 DC #AB98375922
KAYVAN MEHRBAKHSH, CCIM, MBAManaging Director
[email protected]: 703.734.2822 | Cell: 703.851.1070
PROFESSIONAL BACKGROUNDKayvan Mehrbakhsh, CCIM serves as Managing Director for the K&M Commercial Real Estate Office in Herndon, Virginia. Mr. Mehrbakhsh specializes in the sale and leasing of both Medical properties and Government properties, as well as similar transactions for office facilities outfittedwith high-tech networking systems, in the Northern Virginia region.
Throughout his 19 plus year career, Mr. Mehrbakhsh has closed more than $940 million in transactions. He continues to diligently monitor market conditions to adequately advise clients and ensure that they receive fair market rates for leases, property investments, and sales.Before his service at K&M Commercial Real estate, Mr. Mehrbakhsh was an associate commercial broker at Fairfax Realty, Inc., where he provided expert advice and served as a Broker for financial institutions, corporate landowners, and other investors.
Mr. Mehrbakhsh also has previous experience as Senior Project Manager at MCI Telecommunications where he oversaw land acquisition transactions, building design and construction, and the migration of data centers throughout both the United States and Europe.
A member of the Northern Virginia Association of Realtors, Mr. Mehrbakhsh sits as Chairman of the Associations Commercial Alliance. He has also served as president of the Mid Atlantic Real Estate Marketing Association (MAREMA) in 2007 and continues his service as a board memberof that organization. He also maintains membership in the following organizations: International Council of Shopping Centers (ICSC), the Realtors Land Institute, the Greater Washington Commercial Association of Realtors, and the North Carolina Association of Realtors.Mr. Mehrbakhsh has earned the prestigious designation of Council of Commercial Investment Member (CCIM) and currently holds a seat on the board of their Washington DC-Maryland chapter.
Mr. Mehrbakhsh received his Masters of Business Administration from American University holds a Bachelor of Science in Information Systems from Radford University. Mr. Mehrbakhsh holds licenses in Virginia, North Carolina, Washington D.C. and Maryland.
EDUCATIONMBA - American UniversityBBA - Radford University
MEMBERSHIPSCCIM - Certified Commercial Investment Member
K&M COMMERCIAL REAL ESTATE459 Herndon Pkwy #21
Herndon, VA 20170703.734.2822
ADVISOR BIO 1 stand alone retail investment page 18