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Pavillon At Southlake atlanta msa morrow , GA

Property price: $4,130,000 + Closing costs
*2% Commission

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

The Pavilion at Southlake located at 1341 Mt. Zion Rd. in Morrow, GA offered at 9%+caprate on in-place 
income and $60/SF wich is substantially below replacement cost. this asset is 65,217 SF and sits on 6.05 acres.
The surrounding population is over 535,000 in a 10-miles.
The anticipated income will grow 20% by 2019.
Location enjoys over 250,000 average daily traffic from I-75, jonesbor Road and Mt Zion Road all within 2-miles.
  • Status: For sale
  • Year Built: 1982
  • Building size: 65,217sqft
  • Lot size: 6.05 Acres ( 263.538.0 sqft )
  • Tenants: 8
  • Financial details

  • Monthly Rent: $39,070.33
  • Annual Gross Rent: $468,844.04
  • Real estate taxes: $31,118
  • Insurance: $12,213
  • Utilities: $24,062
  • Repairs & maintanence: $5,000
  • Lot sweeping: $4,872
  • Pest control: $1,250
  • Landscaping: $6,000
  • Video monitoring: $1,814
  • Fire protection: $4,251
  • Cleaning services: $3,300
  • Waste removal: $6,500
  • Management fee: $18,000
  • Reserves/Replacement: N/A
  • Total Annual Expenses: $125,001
  • Net Yearly Income: $343,843.04
  • Net Annual Return: 8.32%
  • Financial Expenses

  • 70% Loan To Property Price: $2,891,000
  • Equity: $1,239,000
  • Expected Interest: 5% fixed for 25 years
  • Monthly Return: $16,900.50
  • Annual Return: $202,806.00
  • Annual Interest Return: $136,776.64
  • Annual Principal Return: $65,429.36
  • Net Income After Financing Expenses: $141,037.04
  • Net Income After Financing Expense and Principal Return: $206,466.4
  • Total Annual Return: 16.66%
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