ShoLodge%20Executive%20Offices%20Hendersonville,%20TN - PowerPoint PPT Presentation

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ShoLodge%20Executive%20Offices%20Hendersonville,%20TN

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Lowes. City Hall. Multiple restaurants. Multiple Banks. The ShoLodge Building. Contact ... rldugan_at_fairvueinvestments.com. 615-264-8000 Office. 615-451-2929 Fax ... – PowerPoint PPT presentation

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Title: ShoLodge%20Executive%20Offices%20Hendersonville,%20TN


1
ShoLodge Executive OfficesHendersonville, TN
  • Completed in September 1997
  • Zoning General Commercial Service
  • Site area 3.57 Ac.
  • Parking 174 spaces
  • 47000 sq ft /-
  • 2 backup generators

2
Lease Information
  • The ShoLodge Corporate Office
  • the building owner, occupies 12,974 sq ft on the
    3rd floor, and will continue to occupy space
    until Late 2013 or will deliver replacement
    tenant for any balance of the lease term.
  • First floor 15,553 sq ft is leased to one tenant.
  • Second floor is leased to 3 tenants.

3
Gross Revenues

Revenues Size (SF) Rent/SF Annualized
Client A 18,666 16.95 316,358
Client B 2,774 17.87 49,559
Sholodge 12,974 20.69 268,464
Client C 5,211 17.87 93,099
Vacant 4,563 18.00 82,134
Sub-Total/Average 44,188   18.32 809,614

Gross Potential Rental Income 18.32 /SF 809,614

4
Income and Expenses
  • Gross Income 809,614
  • Property taxes
  • City County 35,848
  • Expenses
  • Utilities 94,838
  • Janitorial 32,640
  • Repairs Maintenance 52,234
  • Management Fee 23,074
  • Insurance (allocated) 15,233
  • CAMs 24,218
  • Reserves 4,419
  • Total Expenses 282,504
  • Net Operating Income 527,110
  • Capitalization Rate 9
  • Value Indication 5,856,778

5
Data Security
  • The rear of the building houses 2 generators.
  • 300kw Diesel generator to power the building
  • 30kw natural gas computer server room
  • ATT AccuRing for voice and data redundancy

6
Building Photos
7
Executive Office Suites
8
Site Overview
  • The Sholodge Office Building area is shared with
  • The City of Hendersonville City Hall
  • 2 Banks
  • Hyatt Place Hotel

9
Area Overview
  • The Sholodge Building is located in the high
    value Indian Lake Village area. New construction
    in the 1 mile site area include.
  • The Streets of Indian Lake retail center.
  • Wal-Mart Super Center
  • Home Depot
  • Lowes
  • City Hall
  • Multiple restaurants
  • Multiple Banks

10
The ShoLodge Building
  • Contact
  • Royce Dugan
  • ShoLodge, Inc.
  • Fairvue Plantation Realty
  • 130 Maple Dr North
  • Hendersonville, TN 37075
  • rldugan_at_fairvueinvestments.com
  • 615-264-8000 Office
  • 615-451-2929 Fax
  • 615-390-2314 Mobile
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