stadium race - harbert realty · freestanding er stadium trace mixed use development. 510 emer...

510 EMERY DR IVE , HOOVER , A L 35244

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Sta d i u m tr a c ePROFESSIONAL BUILDING

HarbertRealty.com2 North 20th Street

Suite 1700Birmingham, AL 35203

205.323.2020

±8,800 Square Feet Class A BuildingSituated on 1.2 Acre Site

5 1 0 E m e r y D r i v e

H o o v e r , A L 3 5 2 4 4


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BUILDING FEATURES

DAYTIME BUSINESS POPULATION

1 mile 3,173 3 miles 17,499 5 miles 60,534

TRAFFIC COUNTS

Hwy 150 over 34,000 cars/dayI-459over 79,000 cars/day

DEMOGRAPHICS:POPULATION 1 mile 4,656 3 miles 36,055 5 miles 97,415

AVERAGE HH INCOME 1 mile $ 119,181 3 miles $ 121,544 5 miles $ 101,411

• Conveniently located in the Stadium Trace Development immediately off Highway 150 with exceptional access to I-459• New Stadium Trace 44 Acre Class A Mixed Use Develop Adjacent to Property• Ideal Purchase Opportunity for any Professional Firm or Medical Practice as Owner Occupant• No Encumbrances – Free and Clear• Excellent Condition and Well Maintained with Ample Parking • Located in the Path of Progress with Increasing Real Estate Values• Strong Demographics and Skilled Workforce Nearby• Plug-and-Play Office Configuration in an Energy Efficient Low Cost to Operate Building• Building includes 2 kitchens, 1st and 2nd floor bathrooms, 1st floor conference room, lobby/reception area, 35 surface parking spaces, standing metal seam roof, brick facade, and insulated windows • CALL FOR PRICING


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4

FIRST FLOOR


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SECOND FLOOR


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7

SOUTHEAST ELEVATION

SOUTHWEST ELEVATION


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BIRMINGHAM MARKETS

HOOVER MARKET


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HOOVERHIGH SCHOOL

RIVERCHASE

HOOVERMETROPOLITAN

COMPLEX

MEDICAL WEST FREESTANDING ER

STADIUM TRACEMIXED USE

DEVELOPMENT


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STADIUM TRACEMIXED USE DEVELOPMENT

HUNTER STREET BAPTIST CHURCH

TRACE CROSSINGSRESIDENTIAL


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STADIUM TRACE VILLAGE

• 43 acre tract at the SWQ of I-459 and Highway 150 includes retail, restaurants, medical, office and hotels as well as a village retail component

• Excellent visibility and access from Interstate 459 and Highway 150

• Ease of travel from Birmingham International Airport, the downtown financial district and University of Alabama’s Birmingham Campus

• Located at the main entrance to the Hoover Athletic Complex (estimated annual economic impact $27,000,000)

• Co-tenants include UAB Medical Clinic (39,000 SF facility) and ALDI

• Phase II includes ±125 acres PHASE II


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HOOVER, AL

Incorporated in 1967, Hoover is located in Jefferson and Shelby Counties in north central AlabamaIn 1968, its population was estimated at 410 and has grown to more than 83,000 today, making it the sixth largest city in the state. The city of Hoover encompasses approximately 48 square miles.

Hoover was voted as one of the Top 30 Places to Live in the country according to 24/7 Wall Street. Out of 550 cities, Hoover ranked in the top 30. Low crime rates, acclaimed schools, affordable housing, low unemployment and abundant recreation opportunities were deciding factors.

The Riverchase Galleria shopping-hotel-office complex generates tax revenues for the city; it is also the location of numerous retail, hotel, and office workers. The Offices at 3000 Riverchase and other office parks and buildings throughout Hoover, house many large corporations. Major shopping centers in the city include Riverchase Galleria on US 31, Patton Creek on SR 150, and Village at Lee Branch on US 280. The Central Business District is intersected by US 31, SR 150, and US 280. I-65 and I-459 intersect in the city.

KEY FACTS

88,039Population

38.2

Median Age

2.5

AverageHousehold Size

$79,974Median Household

Income

EDUCATION

4%

No HighSchool

Diploma 12%High School

Graduate

26%Some College 57%

Bachelor's/Grad/ProfDegree

BUSINESS

3,615Total Businesses

46,628Total Employees

EMPLOYMENT

79%White Collar

11%Blue Collar

10%Services

2.7%

UnemploymentRate

INCOME


Income

$43,435Per Capita Income

$191,382Median Net Worth

Households By IncomeThe largest group: $100,000 - $149,999 (19.4%)

The smallest group: <$15,000 (5.7%)DifferenceIndicator Value

<$15,000

$15,000 - $24,999

$25,000 - $34,999

$50,000 - $74,999

$35,000 - $49,999

$100,000 - $149,999

$75,000 - $99,999

$150,000 - $199,999

$200,000+

5.7%

6.1%

7.6%

16.1%

11.3%

13.0%

19.4%

10.5%

10.4%

-8.8%

-2.5%

-5.1%

-2.1%

-1.2%

+7.3%

+1.5%

+5.4%

+5.5%

Bars show deviation from

Jefferson County

KEY FACTS

88,039Population

38.2

Median Age

2.5



Income

EDUCATION

4%

No HighSchool


Graduate

26%Some College 57%


BUSINESS



EMPLOYMENT

79%White Collar

11%Blue Collar

10%Services

2.7%

UnemploymentRate

INCOME


Income





<$15,000

$15,000 - $24,999

$25,000 - $34,999

$50,000 - $74,999

$35,000 - $49,999

$100,000 - $149,999

$75,000 - $99,999

$150,000 - $199,999

$200,000+

5.7%

6.1%

7.6%

16.1%

11.3%

13.0%

19.4%

10.5%

10.4%

-8.8%

-2.5%

-5.1%

-2.1%

-1.2%

+7.3%

+1.5%

+5.4%

+5.5%


Jefferson County

KEY FACTS

88,039Population

38.2

Median Age

2.5



Income

EDUCATION

4%

No HighSchool


Graduate

26%Some College 57%


BUSINESS



EMPLOYMENT

79%White Collar

11%Blue Collar

10%Services

2.7%

UnemploymentRate

INCOME


Income





<$15,000

$15,000 - $24,999

$25,000 - $34,999

$50,000 - $74,999

$35,000 - $49,999

$100,000 - $149,999

$75,000 - $99,999

$150,000 - $199,999

$200,000+

5.7%

6.1%

7.6%

16.1%

11.3%

13.0%

19.4%

10.5%

10.4%

-8.8%

-2.5%

-5.1%

-2.1%

-1.2%

+7.3%

+1.5%

+5.4%

+5.5%


Jefferson CountyKEY FACTS

88,039Population

38.2

Median Age

2.5



Income

EDUCATION

4%

No HighSchool


Graduate

26%Some College 57%


BUSINESS



EMPLOYMENT

79%White Collar

11%Blue Collar

10%Services

2.7%

UnemploymentRate

INCOME


Income





<$15,000

$15,000 - $24,999

$25,000 - $34,999

$50,000 - $74,999

$35,000 - $49,999

$100,000 - $149,999

$75,000 - $99,999

$150,000 - $199,999

$200,000+

5.7%

6.1%

7.6%

16.1%

11.3%

13.0%

19.4%

10.5%

10.4%

-8.8%

-2.5%

-5.1%

-2.1%

-1.2%

+7.3%

+1.5%

+5.4%

+5.5%


Jefferson County

KEY FACTS

88,039Population

38.2

Median Age

2.5



Income

EDUCATION

4%

No HighSchool


Graduate

26%Some College 57%


BUSINESS



EMPLOYMENT

79%White Collar

11%Blue Collar

10%Services

2.7%

UnemploymentRate

INCOME


Income





<$15,000

$15,000 - $24,999

$25,000 - $34,999

$50,000 - $74,999

$35,000 - $49,999

$100,000 - $149,999

$75,000 - $99,999

$150,000 - $199,999

$200,000+

5.7%

6.1%

7.6%

16.1%

11.3%

13.0%

19.4%

10.5%

10.4%

-8.8%

-2.5%

-5.1%

-2.1%

-1.2%

+7.3%

+1.5%

+5.4%

+5.5%


Jefferson County

KEY FACTS

BUSINESS

INCOME

EDUCATION

EMPLOYMENT


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LEASING & BROKERAGE

ASSET MANAGEMENT

DEVELOPMENT

LEASE ADMINISTRATION

INVESTMENT SALES

We have the expertise, team and process to implement a comprehensive and aggressive marketing program to maximize results and value.

We develop properties for our own account, which means our interest in each project’s profitability is personal.

We have represented, managed or leased more than 10 million square feet of office, retail and industrial space for owners located across the United States.

We can provide a secure centralized repository for all your lease and supporting data with eas-ily accessible programs and systems, leading to enhanced portfolio insight, reduced operat-ing costs and vastly improved data integrity.

We provide consulting, execution and invest-ment management services to clients engaged in buying, selling, building, financing or invest-ing in commercial real estate.

TRANSACTION & MARKET EXPERIENCE

As a majority owned subsidiary of Harbert Management Corporation, we have the strength and flexibility afforded by our parent company’s more than $5.9 billion in committed capital and regulatory assets under management, with eleven office locations, including U.S. and international offices. Our mix of experience, resources and reach al-lows us to offer clients a comprehensive array of customized services in the commercial real estate industry.

HRS is one of the largest privately held, full service commercial real estate firms in the Southeast. HRS was founded with a main focus on bringing value to our customers and clients. For over 30 years, we have built a business around this focus and have strived to achieve this in every transaction we encounter.

HARBERT REALTY SERVICES


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Norman TynesExecutive Vice President

[email protected]

West HarrisExecutive Vice President

[email protected]

Norman Tynes has been in the Commercial Real Estate profession for over 25 years. As Executive Vice President at Harbert Realty, Mr. Tynes’ responsibilities include commercial brokerage for investment sales and land sales, Class “A” Office and single-story garden office development, medical office, Freestanding Emergency Department and surgery centers, property management and brokerage.

PRIOR EXPERIENCEBefore Mr. Tynes’ company, Harris Tynes Realty Group, Inc. merged with Harbert Realty Services, LLC, Mr. Tynes was Vice President of Marketing and Develop-ment for Daniel Corporation. For the four years Mr. Tynes was with Daniel, he was responsible for portfolio leasing, land sales, and assisted in Class “A” office development. Before joining Daniel Corporation, Mr. Tynes was Vice President of the Huntsville Division for Harbert Realty Services, LLC Before joining Harbert Realty Services, LLC, Mr. Tynes was Development Director for Metropolitan Properties, Inc. in Orlando, Florida.

EDUCATIONWith a major in Public Relations and Communications, Mr. Tynes received his Bachelor of Arts Degree from Auburn University in 1987.

PROFESSIONAL AND CIVIC ORGANIZATIONSMr. Tynes has served as the President of the Alabama Chapter of NAIOP. In 2008 Mr. Tynes received the Alabama Chapter of NAIOP Development of the Year award with the redevelopment of Cahaba Beach Office Park. He is very active in the Boy Scouts of America and has served as President of the Board of Direc-tors for Community Kitchens of Birmingham. Mr. Tynes is an active member of St. Luke’s Episcopal Church.

West has over 20 years of experience as a commercial real estate professional in the areas of investment, development, brokerage, leasing and asset man-agement. He has completed lease and brokerage transactions totaling over $500 Million for office, retail and industrial properties. He has also been effective for his clients in transacting large land acquisitions for development and disposition of raw land. West is recognized as one of Birmingham’s “Top Producer in Sales and Leasing” by the Commercial Million Dollar Sales Achievement Club. He is further recognized by the Birmingham Business Journal as “Who’s Who in Commercial Real Estate” highlighting leaders in the Commercial Real Estate industry and a “Top 40 Under 40” business leader in Birmingham.

PRIOR EXPERIENCEOne of West’s career highlights is co-founding, operating and growing Harris Tynes Realty Group from 2006 to 2013, prior to merging his company with Harbert Realty Services in November 2013. His primary focus at Harbert Realty is investment, brokerage and leasing services for high net worth and institutional clients. Prior to joining Harbert West has had the distinct advantage of running the Birmingham offices for Atlanta based Taylor & Mathis and Carter & Associates where he gained invaluable experience working with exceptional people. Areas of Expertise Include: Lease Negotiation, General Brokerage, Asset Manage-ment, Investment Sales, Land Acquisition/Disposition and Development.

EDUCATIONWest earned his Bachelor of Arts degree in English and History from the University of Alabama in 1996. He holds an Alabama Brokers License and is a Certified Commercial Investment Member (CCIM).

PROFESSIONAL AND CIVIC ORGANIZATIONSMr. Harris is Past President of the National Association of Industrial and Office Properties (NAIOP), Metropolitan Development Board Member and Horizon 280 Board Member. He is an active member of St. Luke’s Episcopal Church and the Monday Morning Quarterback Club benefiting the Crippled Children Founda-tion. Mr. Harris has also served the American Heart Association and Muscular Dystrophy Association in their fundraising initiatives.

KEY TEAM MEMBERS


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DISCLAIMER

THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your limited use to determine whether you wish to express an interest in the purchase of 510 Emery Drive W, Hoover, AL as more particularly described herein (“Property”). This confidential memorandum contains brief, selected information pertaining to investment opportunity (“Investment Opportunity”) and has been prepared by Harbert Realty Services (“HRS”), primarily from information supplied by the Property Owner (“Owner”). This confidential memorandum does not purport to be all-inclusive or contain all of the information that a potential investor may desire relative to the Investment Opportunity. Neither the Owner, nor any of its affiliates, members, officers, directors, employees or agents, nor HRS make any representation of warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. Each of the Owner and HRS disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited. The projections and pro-forma information contained herein represent estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to environmental conditions of the Property, or as to any other aspect of the Property. By your receipt of this confidential memorandum, you agree that this memorandum and information contained herein are of a confidential nature and that you will hold and treat them in the strictest of confidence, and that you will not, directly or indirectly, disclose or permit anyone else to disclose this memorandum or any part of the contents in any fashion or manner detrimental to the interests of the Owner. Further, you agree not to discuss this memorandum with any other institution, potential investor or tenant without the express permission of HRS and the Owner or HRS. Upon request, the recipient will promptly return this confidential memorandum and any other material received from the Owner or HRS without retaining any copies thereof. This confidential memorandum shall not be deemed an indication of the state of affairs of the Owner or constitute an indication that there has been no change in the business or affairs of the Owner since the date of preparation of this memorandum. Neither the Owner nor HRS undertakes any obligation to provide additional information or to correct or update any of the information contained in this confidential memorandum.


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HarbertRealty.com2 North 20th Street

Suite 1700Birmingham, AL 35203

205.323.2020

stadium race - harbert realty · freestanding er stadium trace mixed use development. 510 emer...

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