Offering Memorandum - LoopNet › d2 › VkxdEB0xun5jOzmyBGj... · Prologic Dist Svcs E LLC 2,093...

PARKTOP LANE APARTMENTS9109 Parktop Lane • Knoxville, TN 37923

Offering Memorandum

1

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and

should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified

information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due

diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the

future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or

asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any

tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be

reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these

matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to

verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or

name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,

service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

PARKTOP LANE APARTMENTS

Knoxville, TN

ACT ID Z0960007

2

TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01Offering Summary

Regional Map

Local Map

Aerial Photo

FINANCIAL ANALYSIS 02Rent Roll Summary

Rent Roll Detail

Operating Statement

Notes

Pricing Detail

Acquisition Financing

MARKET COMPARABLES 03Rent Comparables

MARKET OVERVIEW 04

Market Analysis

Demographic Analysis


3


4

INVESTMENT

OVERVIEW


#

EXECUTIVE SUMMARY

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES

Countrywide Hr 8,000

Prologic Dist Svcs E LLC 2,093

Travelers Insurance 2,001

Baptist Hospital West 2,000

Rush Fitness Complex The 1,700

Shoneys of Knoxville Inc 1,300

Parkwest Medical Center 1,112

Follett Hgher Edcatn Group Inc 858

Acntv 782

Flying J Transportation LLC 763

Transforce Inc 700

Kellog 699

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2017 Estimate Pop 8,048 59,578 132,244

2017 Census Pop 7,801 56,575 124,738

2017 Estimate HH 3,686 26,511 55,479

2017 Census HH 3,581 25,196 52,295

Median HH Income $44,074 $61,135 $65,885

Per Capita Income $28,217 $35,917 $38,154

Average HH Income $61,596 $80,608 $90,752

UNIT MIX

NUMBEROF UNITS

UNIT TYPEAPPROX.SQUARE FEET

4 2BR 1.5 BA 1,100

4 Total 4,400

VITAL DATA

Price $300,000 CURRENT YEAR 1

Down Payment 25% / $75,000 CAP Rate 7.11% 11.72%

Loan Amount $225,000 GRM 9.19 8.54

Loan Type Proposed NewNet Operating Income

$21,330 $35,148

Interest Rate / Amortization 5.00% / 25 YearsNet Cash Flow After Debt Service

7.39% / $5,546 25.82% / $19,364

Price/Unit $75,000 Total Return 13.58% / $10,185 32.32% / $24,241

Price/SF $68.18

Number of Units 4

Rentable Square Feet 4,400

Number of Buildings 1

Number of Stories 2

Year Built 1998

5


OFFERING SUMMARY

▪ Current Cap Rate 7.11 Percent

▪ Projected Year One Cap Rate 11.72 Percent

▪ Current Cash-on-Cash 7.39 Percent

▪ Projected Year One Cash-on-Cash 25.82 Percent

INVESTMENT HIGHLIGHTS

Parktop Lane Apartments is situated in West Knoxville, Tennessee located just minutes from Interstate 40 and Interstate 75 for easy access. This investment is perfect for

the new investor or adding to your portfolio. Present rents are below market with opportunity of increased rents after first year. Townhomes are convenient to the well-

desired Cedar Bluff area and within one-and-a-half miles to major hospital and medical offices. Private and public schools are within a one-mile radius. Great opportunity!

Nearby:

Cedar Bluff Racquet Club - 0.5 Miles

Knoxville Catholic High School - 0.4 Miles

Cedar Bluff Middle School - 1.5 Miles

Parkwest Hospital - 1.5 Miles

Lincoln Memorial University – 1.0 Mile

Restaurants and Lodging Also Within 1.0 Mile Radius

INVESTMENT OVERVIEW

6


#

OFFERING SUMMARY

PROPERTY OVERVIEW

Parktop Lane Apartments is located in Knoxville, Tennessee and presents as a

fourplex property with eight bedrooms, eight bathrooms and approximately 3,960

square feet of living space with cedar siding. Each unit consisting of a two-

bedroom/one-and-one-half-bath townhome with 1,100 square feet. Tenants pay

for electric and water. Each unit has washer and dryer hookups, range,

dishwasher, microwave, private patio, storage and fenced yard. Property is well

maintained with stable tenants.

7

▪ Minutes to Interstate 40 and 75

Common Area Amenities

▪ Range

Unit Amenities

▪ Dishwasher

▪ Microwave

▪ Private Patio

▪ Washer and Dryer Hookups

7


PROPERTY SUMMARY

OFFERING SUMMARY

PROPOSED FINANCING

First Trust Deed

Loan Amount $225,000

Loan Type Proposed New

Interest Rate 5.00%

Amortization 25 Years

Loan Term 25 Years

Loan to Value 75%

Debt Coverage Ratio 1.35

THE OFFERING

Property Parktop Lane Apartments

Price $300,000

Property Address 9109 Parktop Lane, Knoxville, TN

Assessors Parcel Number 119G C 004

SITE DESCRIPTION

Number of Units 4

Number of Buildings 1

Number of Stories 2

Year Built/Renovated 1982

Rentable Square Feet 3960

Lot Size 0.30

Type of Ownership Fee Simple

UTILITIES

Water Utility

Electric Electric

8

REGIONAL MAP


9

10

LOCAL MAP


AERIAL PHOTO


11


12

FINANCIAL

ANALYSIS

FINANCIAL ANALYSIS


RENT ROLL SUMMARY

13

FINANCIAL ANALYSIS


14

RENT ROLL DETAIL

FINANCIAL ANALYSIS


OPERATING STATEMENT

15

FINANCIAL ANALYSIS


PRICING DETAIL

16

MARCUS & MILLICHAP CAPITAL CORPORATION

CAPABILITIES

MMCC—our fully integrated, dedicated financing arm—is committed to

providing superior capital market expertise, precisely managed execution, and

unparalleled access to capital sources providing the most competitive rates and

terms.

We leverage our prominent capital market relationships with commercial banks,

life insurance companies, CMBS, private and public debt/equity funds, Fannie

Mae, Freddie Mac and HUD to provide our clients with the greatest range of

financing options.

Our dedicated, knowledgeable experts understand the challenges of financing

and work tirelessly to resolve all potential issues to the benefit of our clients.

National platform

operating

within the firm’s

brokerage

offices

$5.1 billion

total national

volume in 2016

Access to

more capital

sources than

any other firm

in the industry

Optimum financing solutions

to enhance value

Our ability to enhance

buyer pool by expanding

finance options

Our ability to enhance

seller control

• Through buyer

qualification support

• Our ability to manage buyers

finance expectations

• Ability to monitor and

manage buyer/lender

progress, insuring timely,

predictable closings

• By relying on a world class

set of debt/equity sources

and presenting a tightly

underwritten credit file

WHY MMCC?

Closed 1,651

debt and equity

financings

in 2016

ACQUISITION FINANCING


17


18

MARKET

COMPARABLES

8


RENT COMPARABLES MAP


(SUBJECT)

9100 Parktop Lane

9101 Parktop Lane

9105 Parktop Lane

4

7

8

9

11

20

12

14

15

16

17

13

18

10

1

2

3

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PROPERTY NAMEPARKTOP LANE APARTMENTS

RENT COMPARABLES

20

AVERAGE OCCUPANCY

Avg. 100.00%

0

10

20

30

40

50

60

70

80

90

100

Parktop

Lane

Apartments

9100

Parktop

Lane

9101

Parktop

Lane

9105

Parktop

Lane

PROPERTY NAMEPARKTOP LANE APARTMENTS

RENT COMPARABLES

21

AVERAGE RENT - MULTIFAMILY

Avg. $695

$0

$70

$140

$210

$280

$350

$420

$490

$560

$630

$700

Parktop

Lane

Apartments

9100

Parktop

Lane

9101

Parktop

Lane

9105

Parktop

Lane

2 Bedroom

PROPERTY NAME

MARKETING TEAM


RENT COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1


rentpropertyname1


22

YEAR BUILT: 1998

rentpropertyname1


Unit Type Units SF Rent Rent/SF

2BR 1.5 BA 4 1,100 $680 $0.62

Total/Avg. 4 1,100 $680 $0.62

PARKTOP LANE APARTMENTS9109 Parktop Lane, Knoxville, TN, 37923

OCCUPANCY: 100% | YEAR BUILT: 1982

1

NOTES

Refrigerator, Stove, Dishwasher, Washer/Dryer Hookups, Private Patio,


2 Bdr 1.5 Bath Twnhs 4 1,075-1,075$695-$695

$0.65

Total/Avg. 4 1,075 $695 $0.65

9100 PARKTOP LANE9100 Parktop Lane, Knoxville, TN, 37923

2


NOTES

Refrigerator, Stove, Dishwasher, Washer/Dryer Hookups, Private Patio,


2 Bdr 1.5 Bath Twnhs 4 1,075-1,075$695-$695

$0.65

Total/Avg. 4 1,075 $695 $0.65

9101 PARKTOP LANE9101 Parktop Lane, Knoxville, TN, 37923

PROPERTY NAME

MARKETING TEAM


RENT COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


23


3


2 Bdr 1.5 Bath Twnhs 4 1,075-1,075$695-$695

$0.65

Total/Avg. 4 1,075 $695 $0.65

NOTES

Refriderator, Stove, Dishwasher, Patio, Outside Storage

9105 PARKTOP LANE 9105 Parktop Lane, Knoxville, TN, 37923


24

MARKET

OVERVIEW

MARKET OVERVIEW

OVERVIEW

KNOXVILLE

The Knoxville metro area is in the eastern portion of Tennessee and is the

third largest after Nashville and Memphis. The city of Knoxville is the

county seat of Knox County. The metro consists of nine counties:

Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane

and Union. The local metro economy centers primarily around economic

hubs created by the University of Tennessee and Great Smokey

Mountain tourism.

▪ Technology and research activities are also growing in the metro, with multiple National Science

Foundation-funded centers associated with the University of Tennessee. In addition, multiple

research and development firms are located in the Tennessee Technology Corridor.

▪ Diversification has brought major employers a variety of industries such as media and healthcare

with companies like Regal Entertainment Group, Scripps Networks Interaction and TeamHealth.

▪ While diversifying from its manufacturing roots into media and professional service jobs, the metro

still houses big manufacturing operations, including a Coca-Cola bottling plant and a Gerdau

Ameristeel plant.

DEMOGRAPHICS

40.5

2016MEDIAN AGE:

U.S. Median:

37.7

$46,100

2016 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

$57,200

866K

2016POPULATION:

Growth2016-2021*:

4.1%

352K

2016HOUSEHOLDS:

4.6%

Growth2016-2021*:

ECONOMY

METRO HIGHLIGHTS

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau


HIGHER EDUCATION

The University of Tennessee has 28,000 students and 9,800 employees. It is

estimated the school has a $1.6 billion impact on the state’s economy.

INTERNATIONAL PORT

As an international port, it is connected to the nation’s inland waterways and

the Gulf of Mexico via channels on the Mississippi and Tennessee Rivers.

GREAT SMOKEY MOUNTAIN CULTURE

The Knoxville region has a strong arts community, contributing to bluegrass and

country music with bands such as Flatt & Scruggs and the Everly Brothers. In

nearby Pigeon Forge, the park Dollywood hosts 3 million tourists in a season.

25

MARKET OVERVIEW

26


Job creation supporting housing demand in Tennessee metros; cyclical high in

development impacting local operations. Steady employment growth in the largest

Tennessee metros is expanding residential demand as these positions fill, prompting

a rise in apartment construction. The resulting supply increases will push deliveries to

a cycle high in 2017, particularly in Nashville and Memphis. Though net absorption of

new rentals over the past eight years has been positive, the resulting impacts from a

large surplus of supply are beginning to weigh heavily on local operations in Nashville

and Memphis as these new Class A luxury units open.

Rent growth driven by Class C offerings amid significant supply at the high end of the

marketplace. Amid the most robust pipelines in more than a decade, vacancy rates

are moving up across the board in Tennessee. While core submarkets in Nashville

have seen the sharpest increases, cyclical highs in development have strained a

broad swath of submarkets, limiting rental growth as operators deploy a greater

amount of incentives to lease up the new buildings. However, noncore submarkets

and more affordable offerings retain high levels of occupancy, allowing strong

increases in overall cash flows and capital returns.

New Supply Weighing on Vacancy;

Metro Performance Diverging Significantly

TENNESSEE METROS

* Cap rates trailing 12 months through 3Q17; 10-year Treasury rate through Oct. 20.

Sources: CoStar Group, Inc.; Real Capital Analytics

Investment Trends

Nashville

• Class B and C offerings in the $1 million to $10 million range will draw the

bulk of buyer activity, particularly for assets located near Downtown and the

University.

• Cap rates in the low-7 percent range will continue to encourage investors to

deploy capital to the metro, particularly properties in the Westside.

Memphis

• Value-add assets in Central Memphis will motivate investors looking for

sharp increases in rental rates.

• A broad spectrum of cap rates provide returns ranging from the low-6 to

high-10 percent range.

Knoxville

• A lack of listings is prompting a widespread approach to capital allocation.

The West End/CBD submarket is drawing the most attention, although

buyers are also pursuing properties in Southeast Nashville.

• Cap rates will begin in the high-6 percent return spectrum, pushing toward

the low-8 percent band for outlying and second-tier suburban locations.

Multifamily 2017 Outlook

Vacancy

Y-O-Y

BasisPoint

Change

MetroEffective

Rent

Y-O-Y

Change

Knoxville 3.8% 20 $890 10.7%

Memphis 6.6% 130 $810 1.4%

Nashville 6.9% 270 $1,155 4.6%

MARKET OVERVIEW

27

• During the past 12 months,

Knoxville organizations added

3,800 positions, detracted by the

professional and business

services sector, where 1,900

people were let go.

• Several sectors added to

payrolls, led by the education and

healthcare subset, where 1,800

jobs were added. Unemployment

in the metro has sunk to 3.2

percent, the lowest rate since

2007.

EMPLOYMENT

• Over the last four quarters,

builders slowed the pace of

construction from more than

1,200 rentals to 835 units.

Completions were focused on

the Downtown/University/South

Knoxville and West Knoxville

submarkets.

• An additional 600 apartments will

be delivered by year end.

Aventine Northshore in

Southwest Knoxville is the

largest project at 246 units.

CONSTRUCTION

• Despite a slower pace of

construction, this year’s weak

net absorption pushed the

vacancy rate up 10 basis points

to 3.8 percent.

• Submarket performance was

mixed. North Knoxville remained

extremely tight at 1.8 percent.

Meanwhile, the

Downtown/University/South

Knoxville submarket’s vacancy

rate increased 60 basis points to

5 percent.

VACANCY

• Powered by an 18 percent gain

in the

Downtown/University/South

Knoxville submarket to $1,140

per month, the overall metro

average effective rent recorded

a 7.9 percent climb to $890 per

month.

• All four submarkets generated

an advancement of 3 percent or

higher. The Southwest Knoxville

submarket recorded a 4 percent

rise to $839 per month.

RENTS

TENNESSEE METROS: KNOXVILLE

increase in effective

rents Y-O-Y7.9%basis point increase in

vacancy Y-O-Y10units completed

Y-O-Y835decrease in total

employment Y-O-Y1%

* Forecast


3Q17 – 12-Month Period

MARKET OVERVIEW

28

Sharp Decline in Activity Amid a Lack of Listings as Prices Escalate

Outlook: Higher relative rates of return

compared with larger Tennessee markets

and East Coast metros may draw

investors to the market.

Vacancy

Rate

Y-O-Y

BasisPoint

Change

SubmarketEffective

Rent

Y-O-Y%

Change

North Knoxville 1.8% -80 $728 3.0%

Southwest Knoxville 4.0% 60 $839 4.0%

West Knoxville 4.3% 0 $873 6.6%

Downtown/University/S

outh Knoxville5.0% 60 $1,140 18.0%

Overall Metro 3.8% 10 $877 7.9%

Submarket Trends

Lowest Vacancy Rates 3Q17

Sales Trends

TENNESSEE METROS: KNOXVILLE

• Transaction volumes were incredibly light over the past year, driven by a lack of

listings and opportunities to deploy capital. Prices per unit reached the high-$60,000

per door band.

• Cap rates approached the low-8 percent range, providing investors with stable cash

flows. Assets in the Westside and Northside drew the most attention from buyers

when assets were listed.

* Trailing 12 months through 3Q17

Pricing trend sources: CoStar Group, Inc.; Real Capital Analytics


* 2017-2022 **2016

PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS

Source: © 2017 Experian

Created on March 2018

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Population 8,313 63,491 141,421

▪ 2017 Estimate


▪ 2010 Census


▪ 2000 Census


▪ Daytime Population

2017 Estimate 16,022 76,909 167,772

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Households 3,812 28,424 59,673

▪ 2017 Estimate


Average (Mean) Household Size 2.10 2.25 2.38

▪ 2010 Census


▪ 2000 Census


Growth 2015-2020 3.42% 7.22% 7.56%

HOUSING UNITS 1 Miles 3 Miles 5 Miles

▪ Occupied Units

2022 Projection 3,812 28,424 59,673

2017 Estimate 4,087 28,264 58,725

Owner Occupied 1,130 15,158 36,262

Renter Occupied 2,556 11,353 19,217

Vacant 400 1,753 3,245

▪ Persons In Units

2017 Estimate Total Occupied Units 3,686 26,511 55,479

1 Person Units 39.28% 33.21% 28.70%

2 Person Units 33.91% 35.14% 35.56%

3 Person Units 13.19% 14.69% 15.83%

4 Person Units 8.41% 10.98% 12.97%

5 Person Units 3.36% 4.05% 4.70%

6+ Person Units 1.90% 1.94% 2.22%

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2017 Estimate

$200,000 or More 2.82% 4.78% 6.47%

$150,000 - $199,000 2.90% 5.02% 5.92%

$100,000 - $149,000 8.38% 14.56% 16.02%

$75,000 - $99,999 11.19% 15.11% 15.10%

$50,000 - $74,999 17.63% 19.48% 18.84%

$35,000 - $49,999 17.82% 13.08% 12.47%

$25,000 - $34,999 13.28% 9.06% 8.31%

$15,000 - $24,999 14.76% 9.33% 8.43%

Under $15,000 11.23% 9.56% 8.45%

Average Household Income $61,596 $80,608 $90,752

Median Household Income $44,074 $61,135 $65,885

Per Capita Income $28,217 $35,917 $38,154

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population By Age

2017 Estimate Total Population 8,048 59,578 132,244

Under 20 20.33% 22.62% 24.35%

20 to 34 Years 32.45% 24.42% 21.74%

35 to 39 Years 7.24% 7.19% 7.05%

40 to 49 Years 11.49% 12.80% 13.42%

50 to 64 Years 15.33% 18.08% 19.33%

Age 65+ 13.13% 14.86% 14.11%

Median Age 33.44 36.97 37.74

▪ Population 25+ by Education Level

2017 Estimate Population Age 25+ 5,580 41,713 91,098

Elementary (0-8) 2.42% 1.90% 1.71%

Some High School (9-11) 2.13% 2.90% 3.38%

High School Graduate (12) 17.57% 16.90% 17.83%

Some College (13-15) 22.48% 19.47% 19.44%

Associate Degree Only 7.43% 8.00% 7.59%

Bachelors Degree Only 28.14% 29.76% 29.08%

Graduate Degree 19.41% 20.27% 20.36%

▪ Population by Gender

2017 Estimate Total Population 8,048 59,578 132,244

Male Population 50.56% 48.34% 48.50%

Female Population 49.44% 51.66% 51.50%

29

Income

In 2017, the median household income for your selected geography is

$44,074, compare this to the US average which is currently $56,286.

The median household income for your area has changed by 14.68%

since 2000. It is estimated that the median household income in your

area will be $50,143 five years from now, which represents a change

of 13.77% from the current year.

The current year per capita income in your area is $28,217, compare

this to the US average, which is $30,982. The current year average

household income in your area is $61,596, compare this to the US

average which is $81,217.

Population

In 2017, the population in your selected geography is 8,048. The

population has changed by -1.58% since 2000. It is estimated that

the population in your area will be 8,313.00 five years from now,

which represents a change of 3.29% from the current year. The

current population is 50.56% male and 49.44% female. The median

age of the population in your area is 33.44, compare this to the US

average which is 37.83. The population density in your area is

2,560.19 people per square mile.

Households

There are currently 3,686 households in your selected geography. The

number of households has changed by 1.07% since 2000. It is

estimated that the number of households in your area will be 3,812

five years from now, which represents a change of 3.42% from the

current year. The average household size in your area is 2.10 persons.

Employment

In 2017, there are 8,578 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

71.51% of employees are employed in white-collar occupations in

this geography, and 27.96% are employed in blue-collar occupations.

In 2017, unemployment in this area is 4.86%. In 2000, the average

time traveled to work was 20.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

77.00% White, 8.62% Black, 0.01% Native American and 6.33%

Asian/Pacific Islander. Compare these to US averages which are:

70.42% White, 12.85% Black, 0.19% Native American and 5.53%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 7.88% of the current year

population in your selected area. Compare this to the US average of

17.88%.

PROPERTY NAME

MARKETING TEAM


Housing

The median housing value in your area was $180,802 in 2017,

compare this to the US average of $193,953. In 2000, there were

1,421 owner occupied housing units in your area and there were

2,226 renter occupied housing units in your area. The median rent at

the time was $533.

Source: © 2017 Experian

DEMOGRAPHICS

30

8


DEMOGRAPHICS

31

www.MarcusMillichap.com

Gloria Gregory

Senior Associate

Member - National Multi Housing Group

Knoxville Office

Tel: (865) 299-6276

Fax: (865) 299-6310

[email protected]

License: TN 245345

P R E S E N T E D B Y

Offering Memorandum - LoopNet › d2 › VkxdEB0xun5jOzmyBGj... · Prologic Dist Svcs E LLC 2,093...

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