VALUE ADD RETAIL INVESTMENT OPPORTUNITY · 2018-09-12 · sales and performance awards. ......

SVN | AHIA COMMERCIAL REAL ESTATE | 2050 CABOT BLVD. W, SUITE 102, LANGHORNE, PA 19047 OFFERING MEMORANDUM

VALUE ADD RETAILINVESTMENT

OPPORTUNITY4350-4354 NEW FALLS ROAD

LEVITTOWN, PA 19056

Charles Calvert, MBAAssociate Advisor

215.757.2500 [email protected]

Chichi E. AhiaExecutive Director/ Principal

215.757.2500 [email protected]

PROPERTY INFORMATION 3Property SummaryProperty DescriptionComplete HighlightsAdditional PhotosFloor Plans

LOCATION INFORMATION 9Regional MapAerial MapRetailer Map

DEMOGRAPHICS 13Demographics ReportDemographics MapFinancial Summary (Proforma 1)Income & Expenses (Proforma 1)Financial Summary (Proforma 2)Income & Expenses (Proforma 2)

ADVISOR BIOS 20Advisor Bio | Charles Calvert, MBAAdvisor Bio | Chichi E. AhiaDisclaimerBack Page

OFFERING MEMORANDUMVALUE ADD RETAIL INVESTMENT OPPORTUNITY | 4350-4354 NEW FALLS ROAD, LEVITTOWN, PA 19056

1 PROPERTYINFORMATION

4350-4354 New Falls RoadLevittown, PA 19056

VALUE ADD RETAIL INVESTMENT OPPORTUNITY | 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN | Ahia Commercial Real Estate |

OFFERING SUMMARY

Sale Price: $1,500,000

Cap Rate: 2.48%

NOI: $37,135

Lot Size: 0.82 Acres

Year Built: 1958

Building Size: 7,650 SF

Renovated: 0

Zoning: C / R3

Market: Philadelphia

Submarket: Lower Bucks County

Traffic Count: 20,468

Price / SF: $196.08

Outstanding prime investment or development opportunity on heavily traveled road near key intersection in Levittown,Bucks County Pennsylvania. Currently leased 4 unit strip center totaling 5390 SF plus additional 2600 sq. ft. freestandingbuilding. Highly visible with wide frontage allows for great brand exposure. Numerous opportunities for retail, service andoffice.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Prime location with excellent visibility

• Well known local iconic building served as video store for 34 years

• 2 parcels totaling .82 acres

• Parking for approximately 50 vehicles

• Front Pylon

• Easy ingress/egress

• High trafficked area with broad and diverse demographics

Property Summary

VALUE ADD RETAIL INVESTMENT OPPORTUNITY | 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN | Ahia Commercial Real Estate | All SVN® offices are independently owned and operated.


Outstanding prime investment or development opportunity on heavily traveled road near key intersection in Levittown, Bucks County Pennsylvania. Currently leased 4 unitstrip center totaling 5390 SF plus additional 2600 sq. ft. freestanding building. Highly visible with wide frontage allows for great brand exposure. Numerous opportunities forretail, service and office.

PROPERTY OVERVIEW

Outstanding location on busy New Falls Road in Levittown, Bristol Township, Bucks County, PA. 350 Ft from Veteran Highway and 7 minutes to I95. This high traffic, wellexposed property attracts a broad range of demographics from the surrounding market area.

LOCATION OVERVIEW

Property Description


SALE HIGHLIGHTS

• Prime location with excellent visibility

• Well known local iconic building served as video store for 34 years

• 2 parcels totaling .82 acres

• Parking for approximately 50 vehicles

• Front Pylon

• Easy ingress/egress

• High trafficked area with broad and diverse demographics

Complete Highlights


Additional Photos


Floor Plans

2 LOCATIONINFORMATION




Value Add Retail InvestmentOpportunity

Regional Map


Aerial Map


Retailer Map

3DEMOGRAPHICS




1 MILE 3 MILES 5 MILES

Total population 12,583 101,291 243,323

Median age 37.2 38.9 39.2

Median age (male) 38.5 38.2 37.8

Median age (female) 36.2 39.4 40.4

Total households 4,718 37,291 89,959

Total persons per HH 2.7 2.7 2.7

Average HH income $67,314 $68,941 $72,897

Average house value $273,034 $267,617 $285,095

* Demographic data derived from 2010 US Census

Demographics Report


POPULATION 1 MILE 3 MILES 5 MILES

Total population 12,583 101,291 243,323

Median age 37.2 38.9 39.2

Median age (Male) 38.5 38.2 37.8

Median age (Female) 36.2 39.4 40.4

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 4,718 37,291 89,959

# of persons per HH 2.7 2.7 2.7

Average HH income $67,314 $68,941 $72,897

Average house value $273,034 $267,617 $285,095

* Demographic data derived from 2010 US Census

Demographics Map


INVESTMENT OVERVIEW PROFORMA FINANCIALS ($16/SF/Y NNN)

Price $1,500,000Price per SF $196.08CAP Rate 8.2%Cash-on-Cash Return (yr 1) 8.7 %Total Return (yr 1) $65,314Debt Coverage Ratio 1.36

OPERATING DATA PROFORMA FINANCIALS ($16/SF/Y NNN)

Gross Scheduled Income $112,200Other Income $0Total Scheduled Income $162,663Vacancy Cost $0Gross Income $162,663Operating Expenses $39,065Net Operating Income $123,598Pre-Tax Cash Flow $32,629

FINANCING DATA PROFORMA FINANCIALS ($16/SF/Y NNN)

Down Payment $375,000Loan Amount $1,125,000Debt Service $90,969Debt Service Monthly $7,580Principal Reduction (yr 1) $32,685

Financial Summary (Proforma 1)


INCOME SUMMARY PROFORMA FINANCIALS ($16/SF/Y NNN)

Unit A (1,350 sf) $21,600Unit B (1,200 sf) $19,200Unit C (1,200 sf) $19,200Unit D (1,350 sf) $21,600Unit E (2,600 sf) $41,998CAM Reimbursements $39,065

Gross Income $162,663

EXPENSE SUMMARY PROFORMA FINANCIALS ($16/SF/Y NNN)

Property Taxes $27,265Insurance $5,300Common Electricity and Water $1,100Trash Removal $1,400Common Area Maintenance $4,000

Gross Expenses $39,065

Net Operating Income $123,598

Income & Expenses (Proforma 1)


INVESTMENT OVERVIEW PROFORMA FINANCIALS ($18/SF/Y NNN)

Price $1,500,000Price per SF $196.08CAP Rate 9.2%Cash-on-Cash Return (yr 1) 12.7 %Total Return (yr 1) $80,316Debt Coverage Ratio 1.52

OPERATING DATA PROFORMA FINANCIALS ($18/SF/Y NNN)

Gross Scheduled Income $112,200Other Income $0Total Scheduled Income $177,665Vacancy Cost $0Gross Income $177,665Operating Expenses $39,065Net Operating Income $138,600Pre-Tax Cash Flow $47,631

FINANCING DATA PROFORMA FINANCIALS ($18/SF/Y NNN)

Down Payment $375,000Loan Amount $1,125,000Debt Service $90,969Debt Service Monthly $7,580Principal Reduction (yr 1) $32,685

Financial Summary (Proforma 2)


INCOME SUMMARY PROFORMA FINANCIALS ($18/SF/Y NNN)

Unit A (1,350 sf) $24,300Unit B (1,200 sf) $21,600Unit C (1,200 sf) $21,600Unit D (1,350 sf) $24,300Unit E (2,600 sf) $46,800CAM Reimbursements $39,065

Gross Income $177,665

EXPENSE SUMMARY PROFORMA FINANCIALS ($18/SF/Y NNN)

Property Taxes $27,265Insurance $5,300Common Electricity and Water $1,100Trash Removal $1,400Common Area Maintenance $4,000

Gross Expenses $39,065

Net Operating Income $138,600

Income & Expenses (Proforma 2)

4 ADVISOR BIOS4350-4354 New Falls Road

Levittown, PA 19056


2050 Cabot Blvd. W, Suite 102Langhorne, PA 19047T 215.757.2500 x106C [email protected]

PROFESSIONAL BACKGROUND

Charles Calvert is a commercial real estate advisor with SVN – Ahia Commercial Real Estate, serving the greaterPhiladelphia market. Prior to his association with SVN, Charles served in senior leadership roles for more than 20 yearsin the luxury retail industry. As an accomplished sales leader with a broad range of strategic growth skills, Charles isexperienced with hands-on field operations including site selection, leasing, new store build-outs and relocations invarious U.S. and Canadian markets.

Charles currently resides in Bucks County with his wife and two children.

EDUCATION

The Pennsylvania State University BSTemple University, The Fox School MBA

MEMBERSHIPS & AFFILIATIONS

Bucks County Association of REALTORS®Pennsylvania Association of REALTORS®National Associations of REALTORS®

CHARLES CALVERT, MBA

Associate Advisor


Advisor Bio | Charles Calvert, MBA

2050 Cabot Blvd. W, Suite 102Langhorne, PA 19047T 215.757.2500 x101C [email protected]

PROFESSIONAL BACKGROUND

Chichi is the Executive Director, Principal and Broker of Record of SVN Ahia Commercial Real Estate, primarily servingthe markets of Eastern Pennsylvania and Central through Southern New Jersey. He is a licensed real estate broker in 6states.

Prior to his affiliation with SVN he served as the executive director of the regional division of a Nationally branded, fullservice commercial real estate services firm. He is a consistent Multi-Million Dollar Producer and has won numeroussales and performance awards.

He was selected by Philadelphia Magazine as one of the top Real Estate Brokers in the Suburban Philadelphia market,ranking in the top 5% in customer satisfaction in 2010, 2011, 2012, 2013, 2014, 2015, 2016 and 2017. In 2014 He wasrecognized as one of America’s Most Honored Professionals by the American Registry.

Chichi currently resides in Bucks County with his wife, Sabrina, their four daughters and identical twin sons. In his “freetime” he works on business development and training and mentoring professionals starting businesses. He currentlyserves as chairman of the board of directors for a regional financial institution and in an advisory role to a number ofbusiness organizations. He is also active in his church and plays several musical instruments at a professional level ofproficiency. He and Sabrina love to travel and spend time with family.

EDUCATION

Rider UniversitySchlicher-Krats Real Estate Institute

MEMBERSHIPS & AFFILIATIONS

Licensed Broker, PA, NJ, NY, DE, MD

CHICHI E. AHIA

Executive Director/ Principal


Advisor Bio | Chichi E. Ahia


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 usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe 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 isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receivingthese 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 informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering 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 representationsor warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or madeavailable 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, fullyexecuted 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 anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this OfferingBrochure 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, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed 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 suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.

VALUE ADD RETAIL INVESTMENT OPPORTUNITY · 2018-09-12 · sales and performance awards. ......

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