CARY LANE

S V N I N T E R N A T I O N A L S O U T H E A S T E R N U . S .

M U L T I - H O U S I N G R E G I O N A L T E A M

rocketcityland.com

PORTFOLIO OF TWO QUADRUPLEXES

Unit Mix

Summary

Unit Type Count Size (SF) AVg Rent Rent/SF

1 Bed/1.5 Bath

1 Bed/1.5 Bath

1 Bed/1.5 Bath

1 Bed/1.5 Bath

1 Bed/1.5 Bath

Total/Avg 8

1

2

1

3

1

700

700

700

700

700

$585

$575

$525

$475

$460

$0.84

$0.82

$0.75

$0.68

$0.66

700 $518 $0.74

EXTERIORS4674 CARY LANE

EXTERIORS4674 CARY LANE

EXTERIORS4674 CARY LANE

EXTERIORS4679 CARY LANE

EXTERIORS4679 CARY LANE

EXTERIORS4679 CARY LANE

INTERIORS

INTERIORS

INTERIORS

INTERIORS

INTERIORS

Regional Map

Location Map

Aerial View

Street View

Nearby retailers, Banks,

Health Services, & Parks

Nearby

Restaurants

MARKET OVERVIEWCHATTANOOGA, TN-GA METRO

S V N I N T E R N A T I O N A L S O U T H E A S T E R N U . S .

M U L T I - H O U S I N G R E G I O N A L T E A M

APARTMENT RENT

IN CHATTANOOGA   

HAS INCREASED BY

MARKET OVERVIEWCHATTANOOGA, TN-GA METRO

RENTAL MARKET

multi-family units in the past year

30,297

3,662

multi-family units in development in the past year877

IN THE PAST YEAR

0.7%

AVERAGE RENTsegmented by unit type

$822 $900

$1,072 $1,243

STUIDO 1 BED

2 BED 3 BED

multi-family units completed so far in 2019

MARKET OVERVIEWCHATTANOOGA, TN-GA METRO

"SINCE THE LATE 1800S, CHATTANOOGA

HAS BEEN A CENTER OF

MANUFACTURING PROWESS IN THE

SOUTHEAST."

-CHATTANOOGA AREA CHAMBER

ECONOMIC DEVELOPMENT

16counties

$500 MIL

CHATTANOOGA

ECONOMY

Manufacturing Magnet -

Chattanooga is home to companies that

make everything from Allegra allergy

medicine to Zebra Cakes.

Financial Services and Technology -

Thousands of Chattanooga employees

work in these sectors.

Entrepreneurial Ecosystem -

Chattanooga is building on its legacy

with a strong infrastructure to support

new businesses.

ECONOMIC HIGHLIGHTS

in expansions

750+new jobs

MARKET OVERVIEWCHATTANOOGA, TN-GA METRO

CHATTANOOGA

EMPLOYMENT

3.9%Unemployment

Rate

Top 10 Employers

Erlanger Health SystemBlueCross BlueShield of TennesseeHamilton County Department of EducationTennessee Valley AuthorityMcKee Foods CorporationCHI MemorialUnumVolkswagen ChattanoogaCity of ChattanoogaAmazon.com.dedc LLC

"Chattanooga's economic opportunity

and outdoor recreation choices allow

companies to draw talent from around

the world."

- Chattanooga Area Chamber

"Natural beauty, a thriving arts scene

and a business climate ripe for

entrepreneurship."

- Livability.com

MARKET OVERVIEWCHATTANOOGA, TN-GA METRO

129public

schools

73,910

CHATTANOOGA

EDUCATION

University of Tennessee at

Chattanooga

Virginia College in Chattanooga

Bethel University

Belhaven University

Chattanooga State Tech College

University of Phoenix - Chattanooga

Campus

Chattanooga College Medical,

Dental, & Technical Careers, Inc.

Chattanooga State Community

College

COLLEGES & UNIVERSITIES

public school enrollment

49private schools

10,933private school

enrollment

7school

districts

29,145college & university

enrollment

CHATTANOOGA

IN THE NEWS

MARKET OVERVIEWCHATTANOOGA, TN-GA METRO

CHATTANOOGA-BASED

FREIGHTWAVES PLANS

EXPANSION, ADDING 260

NEW JOBS

The transportation and logistics data and content startup company is "slated to invest $3.9 million in the expansion."

Times Free Press

October 12, 2018

CHATTANOOGA'S M&M

INDUSTRIES PLANS $42.7

MILLION EXPANSION, 110

MORE JOBS

"M&M Industries in Lookout Valley, a maker of plastic pails and containers, is planning a $42.7 million expansion and creating at least 110 more jobs."

Greater Chattanooga Economic Partnership

November 8, 2017

NEARLY 10,000 JOBS

ADDED IN THE PAST YEAR

"Chattanooga area employers added 9,836 new jobs over the past year."

Greater Chattanooga Economic Partnership

August 27, 2018

TOP 15 THINGS TO DO

IN CHATTANOOGA

1. Tennessee Aquarium

2. Lookout Mountain

3. Raccoon Mountain Caverns

4. Walnut Street Bridge

5. Ruby Falls

6. Creative Discovery Museum

7. Chattanooga Whiskey

Experimental Disti l lery

8. Tennessee Valley Railroad

9. Coolidge Park

10. Chattanooga Riverwalk

11. Chattanooga Zoo

12. Coolidge Park Antique

Carousel

13. Tennessee Riverpark

14. Coker Museum

15. Songbirds

MARKET OVERVIEWCHATTANOOGA, TN-GA METRO

ACCORDING TO TRIP ADVISOR

SALE COMPARABLESCARY LANE PORTFOLIO • HIXSON, TN

S V N I N T E R N A T I O N A L S O U T H E A S T E R N U . S .

M U L T I - H O U S I N G R E G I O N A L T E A M

rocketcityland.com

SALE COMPARABLES

CARY LANE PORTFOLIO

sale comparables

SALE COMPARABLES

CARY LANE PORTFOLIO

Sale comparables Summary

sale comparables summary

Price/Unit Comparison

Price/Sq. Ft. Comparison

$0

$20,125

$40,250

$60,375

$80,500

Cary La

ne

4603

Plaz

a Hills

1836

Dan

a

4606

Plaz

a Hills

$0

$30

$60

$90

4603

Plaz

a Hills

1836

Dan

a Lan

e

Cary La

ne

4606

Plaz

a Hills

SALE COMPARABLES

CARY LANE PORTFOLIO

Sale comparables Map

FINANCIAL ANALYSISCARY LANE PORTFOLIO • HIXSON, TN

S V N I N T E R N A T I O N A L S O U T H E A S T E R N U . S .

M U L T I - H O U S I N G R E G I O N A L T E A M

rocketcityland.com

FINANCIAL ANALYSIS

CARY LANE PORTFOLIO

Financial Summary

FINANCIAL ANALYSIS

CARY LANE PORTFOLIO

Income & Expenses

advisors

Associate Advisor 256.609.2529

paul.mcdonald@svn.com

Paul McDonald

Andrew Agee

Senior Advisor 256.653.0065

andy.agee@svn.com

Richard Chenault

Associate Advisor 256.384.2006

rick.chenault@svn.com

disclaimer

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the

property within and is not to be used for any other purpose. This information should not, under any circumstances, be

photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used

for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in

this proposal, and no other person is authorized by the Owner to provide any information or to make any

representations other than contained in this Offering Brochure. If the person receiving these materials does not choose

to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or

completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise

or representation as to the future representation of the Property. This Offering Brochure may include certain statements

and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can

be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all

liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or

any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to

rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered

Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look

to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,

for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct

their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly

reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and

expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time

with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering

Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real

Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a

prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the

SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser

should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate

Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

Presented by

Andrew Agee

President & Senior Investment Adviser Email: andy.agee@svn.com

Cell: 256.653.0065

Dolly Pandya Emily Sexton

Marketing/Research Manager Marketing/Research Coordinator

SVN International Southeastern U.S.

Multi-Housing Regional Team