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Transcript of FAAIRGROUNDIRGROUND …images3.loopnet.com/d2/nu8pG-dLUyH0pYbs7_ZrBS6...40 gallon Residential Hybrid...
No warranty or representation, expressed or implied, is made by Kiemle & Hagood Company, its agents or its employees as to the accuracy of the information contained herein. All information furnished is from sources deemed reliable and submitted subject to errors, omissions, change of terms and conditions, prior sale, lease or financing, or withdrawal without notice. No one should rely solely on the above information, but instead should conduct their own investigation to independently satisfy themselves.
509.838.6541khco.com
FOR SALEFAIRGROUND APARTMENTSFAIRGROUND APARTMENTS107 E. H StreetDeer Park, WA 99006
*PROPOSED RENDERING*PROPOSED RENDERING
Chad Carper509.755.7572 or [email protected]
601 W. Main Ave, Ste 400Spokane, WA 99201
Colin Conway509.755.7595 or [email protected]
No warranty or representation, expressed or implied, is made by Kiemle & Hagood Company, its agents or its employees as to the accuracy of the information contained herein. All information furnished is from sources deemed reliable and submitted subject to errors, omissions, change of terms and conditions, prior sale, lease or financing, or withdrawal without notice. No one should rely solely on the above information, but instead should conduct their own investigation to independently satisfy themselves.
509.838.6541khco.com
FOR SALEFAIRGROUND APARTMENTSFAIRGROUND APARTMENTS107 E. H StreetDeer Park, WA 99006
Chad Carper509.755.7572 or [email protected]
601 W. Main Ave, Ste 400Spokane, WA 99201
Colin Conway509.755.7595 or [email protected]
MA
IN S
TREE
TM
AIN
STR
EET
H STREETH STREET
Property placement is for marketing purposes only. Not to scale.
DRIVEWAY EASEMENTD
RIVEWAY EASEM
ENT
36 Units: 3 Buildings
12 Units per Building
3 Stories
Parking: 44 Carports
28 Garages
18 Uncovered
90 Spaces Total
• Under Construction Now
• Estimated Completion: 1st bldg delivered in 9/2017; 2nd bldg delivered 2 weeks after;
3rd bldg delivered 2 weeks after
2nd bldg.
• Developer: Fairgrounds Enterprises, LLC
• Contractor: Markam Homes
• Architect: Wyatt Architects and Associates
509.838.6541 khco.com
Kiemle & Hagood Company respects the intellectual property of others:If you believe the copyright in your work has been violated through this Website, please contact our office for notice of claims of copyright infringement. For your complaint to be valid under the Digital Millennium Copyright Act of 1998 (DMCA), you must provide the following information when providing notice of the claimed copyright infringement: Identify the material on the Website that you believe infringes your work, with enough detail so that we may locate it on the Website; provide your address, telephone number and email address; provide a statement that you have a good faith belief that the disputed use in not authorized by the copyright owner, its agent, or the law; provide a statement that the information in the notification is accurate, and under penalty of perjury, that the complaining party is authorized to act on behalf of owner of an exclusive right that is allegedly infringed; provide your physical or electronic signature.Upon receiving your complaint, Kiemle & Hagood Company will, upon review, remove content that you believe infringes your copyright if the complaint is found valid.
BUILDING SIZEBUILDING SIZE±19,275 SF: Bldg 1±19,275 SF: Bldg 2±19,275 SF: Bldg 3 ±59,175 SF: Total
SALE PRICESALE PRICE$4,643,833.00
Chad Carper509.755.7572 or [email protected]
601 W. Main Ave, Ste 400Spokane, WA 99201
Colin Conway509.755.7595 or [email protected]
FairgroundApartments
Proposed Front Elevation.
Proposed Rear Elevation.
509.838.6541 khco.com
Kiemle & Hagood Company respects the intellectual property of others:If you believe the copyright in your work has been violated through this Website, please contact our office for notice of claims of copyright infringement. For your complaint to be valid under the Digital Millennium Copyright Act of 1998 (DMCA), you must provide the following information when providing notice of the claimed copyright infringement: Identify the material on the Website that you believe infringes your work, with enough detail so that we may locate it on the Website; provide your address, telephone number and email address; provide a statement that you have a good faith belief that the disputed use in not authorized by the copyright owner, its agent, or the law; provide a statement that the information in the notification is accurate, and under penalty of perjury, that the complaining party is authorized to act on behalf of owner of an exclusive right that is allegedly infringed; provide your physical or electronic signature.Upon receiving your complaint, Kiemle & Hagood Company will, upon review, remove content that you believe infringes your copyright if the complaint is found valid.
INFRASTRUCTURE:Public sewer and water;Electric Underground Utilities.
FAIRGROUND APARTMENT CONSTRUCTION: Exterior ShellIKO 30 year architectural roof;Vinyl siding;Exterior latex paint with a three color pallet theme; Exterior walls of living space 2x6 construction @ 16” o.c. and Interior living space walls 2x4 @ 16” o.c.;Coeur d’Alene Window Company or Similar white vinyl double glaze windows;Insulation R-21 exterior walls and R-38 ceiling or upgrade into BIBS R-23 walls and R-49 ceiling;Rain gutter and downspouts to cover drip line at walk ways; 6 panel Fiberglass front door with deadbolt;Car port/garage with garage door as shown on plans;Broom finished sidewalk;Exterior hose bibs per spec to each building; as required;Exterior GFI outlets per spec to each building and deck/patio as required.
Interior ShellIn-wall heaters in each room;A/C in each unit to match energy code;40 gallon Residential Hybrid Electric Heat Pump water heater or equivalent to meet energy code;100 AMP electric service. Phone and TV pre-wired to Family room, kitchen and all bedrooms;Pex water pipe system, all waste and vents ARS-DWV plastic pipe;1/2” Sheetrock in living areas and 5/8”where required by fire code;Main living areas have bullnose corners and square in all bedrooms, baths, hallways, and closets;Orange peel wall texture and skip trowel ceilings;Garage sheetrock and fire tape only as required to meet fire code; Interior satin latex paint, single color.
Interior TrimPlumbing fixtures are Gerber oval vitreous china lavatories and toilets;Faucets are American Standard and Moen;Supercore AFR or similar tub/shower and/or single seat shower;Insinkerator Badger 1 disposal; Designer light fixture package in brushed nickel or oil rub bronze;Lynden interior photo finish doors and trim in 7 finish choices;Schlage exterior and interior door hardware in brushed nickel or oil rub bronze;Frigidaire or Kenmore appliance package in white or black include range, micro hood, and dishwasher, refrigerator, washer and dryer;Beech or Birch Cabinetry with shaker style doors ;High definition Laminate counter tops with wood matching self-edge and backsplash;Carpet in all bedrooms, halls, and living spaces;Laminate or LVP flooring in baths, entry, laundry, and kitchen.
BUILDING SIZEBUILDING SIZE±19,275 SF: Bldg 1±19,275 SF: Bldg 2±19,275 SF: Bldg 3 ±59,175 SF: Total
SALE PRICESALE PRICE$4,643,833.00
Chad Carper509.755.7572 or [email protected]
601 W. Main Ave, Ste 400Spokane, WA 99201
Colin Conway509.755.7595 or [email protected]
FairgroundApartments
MATERIALS LIST
509.838.6541 khco.com
Kiemle & Hagood Company respects the intellectual property of others:If you believe the copyright in your work has been violated through this Website, please contact our office for notice of claims of copyright infringement. For your complaint to be valid under the Digital Millennium Copyright Act of 1998 (DMCA), you must provide the following information when providing notice of the claimed copyright infringement: Identify the material on the Website that you believe infringes your work, with enough detail so that we may locate it on the Website; provide your address, telephone number and email address; provide a statement that you have a good faith belief that the disputed use in not authorized by the copyright owner, its agent, or the law; provide a statement that the information in the notification is accurate, and under penalty of perjury, that the complaining party is authorized to act on behalf of owner of an exclusive right that is allegedly infringed; provide your physical or electronic signature.Upon receiving your complaint, Kiemle & Hagood Company will, upon review, remove content that you believe infringes your copyright if the complaint is found valid.
1 Mi 3 Mi 5 Mi Est. Pop. (2015) 2,896 6,225 9,567 Proj. Pop. (2020) 3,033 6,565 10,137 Proj. Growth (15-20) 0.9% 1.1% 1.2% Est. Avg. HHI (2015) $44,076 $56,276 $60,242Est. Med. HHI (2015) $33,380 $43,552 $48,392Est. Daytime Pop. 2,416 4,536 6,357
Chad Carper509.755.7572 or [email protected]
601 W. Main Ave, Ste 400Spokane, WA 99201
Colin Conway509.755.7595 or [email protected]
FairgroundApartments
VALUE ANALYSISDEMOGRAPHICS
INCOME:2 Bedroom, 2 Bath $895 18 $16,110 $193,3203 Bedroom, 2 Bath $1,025 18 $18,450 $221,400Garage $50 28 $1,400 $16,800 Ancillary Income $300 $560 $6,720
Monthly Gross Income $36,520 $438,240Annual Gross Income $438,240
Vacancy 5% $21,912Collection Loss .50% $2,191Effective Gross Income $414,137
EXPENSES: Total Expenses 33% $135,507 $3,764.09
NET OPERATING INCOME (NOI):
$278,630
VALUE:Cap Rate 6% $4,643,833
509.838.6541 khco.com
No warranty or representation, expressed or implied, is made by Kiemle & Hagood Company, its agents or its employees as to the accuracy of the information contained herein. All information furnished is from sources deemed reliable and submitted subject to errors, omissions, change of terms and conditions, prior sale, lease or financing, or withdrawal without notice. No one should rely solely on the above information, but instead should conduct their own investigation to independently satisfy themselves.
Deer ParkDeer ParkHigh SchooHigh Schooll
Fairground Apartments
Chad Carper509.755.7572 or [email protected]
601 W. Main Ave, Ste 400Spokane, WA 99201
Colin Conway509.755.7595 or [email protected]
Deer ParkDeer ParkMiddle SchooMiddle Schooll
FOR SALEFAIRGROUND APARTMENTSFAIRGROUND APARTMENTS
107 E. H StreetDeer Park, WA 99006
±11,000 ADT @ Hwy 395 & H St ExitPer WSDOT 2015
±10,000 ADT @ Hwy 395 & Msin ExitPer WSDOT 2015
509.838.6541 khco.com
No warranty or representation, expressed or implied, is made by Kiemle & Hagood Company, its agents or its employees as to the accuracy of the information contained herein. All information furnished is from sources deemed reliable and submitted subject to errors, omissions, change of terms and conditions, prior sale, lease or financing, or withdrawal without notice. No one should rely solely on the above information, but instead should conduct their own investigation to independently satisfy themselves.
REA
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REA
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Chad Carper509.755.7572 or [email protected]
601 W. Main Ave, Ste 400Spokane, WA 99201
Colin Conway509.755.7595 or [email protected]
FRO
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ELEV
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ON
FRO
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ON
509.838.6541 khco.com
No warranty or representation, expressed or implied, is made by Kiemle & Hagood Company, its agents or its employees as to the accuracy of the information contained herein. All information furnished is from sources deemed reliable and submitted subject to errors, omissions, change of terms and conditions, prior sale, lease or financing, or withdrawal without notice. No one should rely solely on the above information, but instead should conduct their own investigation to independently satisfy themselves.
YOUR PACIFIC NORTHWEST REAL ESTATE SPECIALISTSYOUR PACIFIC NORTHWEST REAL ESTATE SPECIALISTS Landlord Representation Tenant Representation Investment Sales Property Development Seller Representation Buyer Representation
Chad Carper509.755.7572 or [email protected]
601 W. Main Ave, Ste 400Spokane, WA 99201
Colin Conway509.755.7595 or [email protected]