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Armuchee village

Property price: $6,400,000 + Closing costs
*2% Commission

Deal offer : 8% preferred after that even split with pacific for a total of 12.1%

Armuchee Village is a 122,504 square foot Food Lion and CVS anchored shopping center in Rome, Georgia, approximately 60 miles north of At- lanta.
The property was constructed in 1996 and renovated in 2008. Food Lion completed a remodel of its space in January 2014. CVS completed a full interior renovation at the tenant’s expense in May 2014. Recent exterior im- provements include a new roof over the center (excluding Food Lion) and new parking lot overlay with new striping. Armuchee Village has 456 surface parking spaces and a desirable 7/1,000 square feet parking ratio.
Food Lion has recently renewed its lease and has a history of strong sales and a low rent-to-sales ratio. CVS has also executed a recent lease renewal demonstrating a commitment to the location.

The property is located on Martha Berry Highway, where it has signalized access and more than 630 feet of frontage. Traffic counts on Martha Berry Highway are 28,200 vehicles per day. Also located on Martha Berry High- way, in proximity to Armuchee Village, is Berry Square Mall (anchored by Belk, JCPenney, Dunham Sports and Sears), Movies at Berry Square, Party City and Toys “R” Us.
  • Status: For sale
  • Year Built: 1996
  • Building size: 122,504sqft
  • Lot size: 7.66 (333,669.6 sqft)
  • Tenants: 20
  • Financial details

  • Monthly Rent: $59,473.166
  • Annual Gross Rent: $713,678
  • Real estate taxes: $43,572
  • Insurance: $21,497
  • Utilities: $15,000
  • Repairs & maintanence: $8,500
  • Lot sweeping: $1,500
  • Pest control: N/A
  • Landscaping: $1,000
  • Video monitoring: N/A
  • Fire protection: $1,517
  • Cleaning services: N/A
  • Waste removal: N/A
  • Management fee: $21,410
  • Administrative: N/A
  • Reserves/Replacement: $12,250
  • Vacancy: $35,683.9
  • Total Annual Expenses: $161,929.90
  • Net Yearly Income: $551,748.10
  • Net Annual Return: 8.62%
  • Financial Expenses

  • 70% Loan To Property Price: $4,480,000
  • Equity: $1,600,000
  • Expected Interest: 5% fixed for 25 years
  • Monthly Return: $26,189.63
  • Annual Return: $314,275.56
  • Annual Interest Return: $211,954.7
  • Annual Principal Return: $102,321.44
  • Net Income After Financing Expenses: $237,472.54
  • Net Income After Financing Expense and Principal Return: $339,793.98
  • Total Annual Return: 21.23%
Pacific Holdings
Real Estate Investments
877-324-6904
PACIFIC HOLDINGS | LOS ANGELES
6300 Wilshire Blvd #970
Los Angeles, CA 90048
invest@pacificholdingsgroup.com
Direct: 877-324-6904
Fax-877-282-8028