Assets May Be Sold Together or Separately Offering Summary For Sale | Investment Opportunity 64,104-SF Portfolio Northwest Florida Emerald Coast Medical Office Portfolio
1619 CREIGHTON ROAD 5476 MOBILE HIGHWAY PENSACOLA, FL PENSACOLA, FL 18,435 RSF 6,229 RSF
315 GREEN ACRES ROAD 319 GREEN ACRES ROAD 221 E. REDSTONE AVENUE FORT WALTON BEACH, FL FORT WALTON BEACH, FL CRESTVIEW, FL 7,223 RSF 17,399 RSF 14,418 RSF
PRESENTED BY: Juan A. Vega, Jr., SIOR, CCIM Executive Managing Director Healthcare & Life Sciences Services DIRECT +1 813 871 8516 EMAIL [email protected] INVESTMENT SUMMARY
Investment Highlights The Emerald Coast Medical Office Portfolio (the “Portfolio” or “Properties”) is located in Pensacola, Fort Walton Beach, and Crestview, Florida. The Portfolio consists of five single-story medical office buildings totaling 64,104 square feet (“SF). The Properties are leased to two prominant renal care providers, The Renalus Center for Kidney Care (renalus.com) and Fresenius Kidney Care (freseniuskidneycare.com). THE PROPERTIES MAY BE PURCHASED TOGETHER OR SEPARATELY. Offering Summary 1619 CREIGHTON ROAD, PENSACOLA, FLORIDA 32526 13,478 RSF (Suite A) 4,957 RSF (Suite B) • Tenant: Renalus • Tenant: Fresenius • 15-year lease term • 15-year lease term • NOI: $296,516.00 • NOI: $138,796.00
5476 MOBILE HIGHWAY, PENSACOLA, FLORIDA 32526 6,629 RSF (Freestanding) • Tenant: Fresenius • 16-year lease term; 13 years remaining • NOI: $175,823.03
315 GREEN ACRES ROAD, FORT WALTON BEACH, FLORIDA 32547 7,223 RSF (Freestanding) • Tenant: Fresenius • 14-year lease term; signed 2017 • NOI: $187,396.49
319 GREEN ACRES ROAD, FORT WALTON BEACH, FLORIDA 32547 17,399 RSF (Freestanding; two suites) • Tenant: Renalus • 13-year lease term per suite; signed 2016 • NOI: $400,262.67
221 E. REDSTONE AVENUE, CRESTVIEW, FLORIDA 32539 5,378 RSF (Freestanding) 9,040 RSF (Freestanding) • Tenant: Renalus • Tenant: Fresenius • 15-year lease term; signed 2018 • 15-year lease term; signed 2018 • NOI: $125,576.29 • NOI: $183,509.32 • Under construction; delivery Feb. 2020 • Under construction; delivery Feb. 2020
EMERALD COAST MEDICAL OFFICE PORTFOLIO | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 2 PROPERTY INFORMATION
Property Overview | 1619 Creighton Road Pensacola, FL 32526
Area Demographics (5-mile radius) > RENTABLE SQUARE FEET > ROOF 18,435 RSF Hip roof and shingle Current Population (2018) > PROPERTY SIZE > SIGNAGE 128,913 1.62 Acres Signage on the building and pylon on street; lighted > YEAR BUILT Projected Population (2023) 2011 > UTILITIES Increase Water/Sewer: 0.78% > NO. OF FLOORS Emerald Coast Utilities Authority. 1 Electric: Average Household Gulf Power Company Income (2018) > ZONING $62,377 Com (Commercial - Escambia County) > PARCEL(S) Escambia County > FLOOD ZONE 31-1S-30-1901-133-005 (Parcel 1) X 31-1S-30-1901-130-005 (Parcel 2) Daytime Population 79,600 > CONSTRUCTION Slab-on-grade foundation with concrete block construction 2018 Total Households > HVAC 51,930 External chiller with gas heating
EMERALD COAST MEDICAL OFFICE PORTFOLIO | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 3 PROPERTY INFORMATION
Property Overview | 5476 Mobile Highway Pensacola, FL 32526
Area Demographics (5-mile radius) > RENTABLE SQUARE FEET > ROOF 6,629 RSF Rigid frame/bar with membrane cover Current Population (2018) > PROPERTY SIZE > SIGNAGE 136,610 1.03 Acres Signage on the building and pylon at entrance > YEAR BUILT Projected Population (2023) 2017 > UTILITIES Increase Water/Sewer: 0.82% > NO. OF FLOORS Emerald Coast Utilities Authority. 1 Electric: Average Household Gulf Power Company Income (2018) > ZONING $52,270 Com (Commercial - Escambia County) > PARCEL(S) Escambia County > FLOOD ZONE 13-2S-30-2302-005-001 X Daytime Population 58,004 > CONSTRUCTION Slab-on-grade foundation with concrete and stucco 2018 Total Households > HVAC 58,173 Central heat and air conditioning
EMERALD COAST MEDICAL OFFICE PORTFOLIO | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 4 PROPERTY INFORMATION
Property 315 Green Acres Road Overview Fort Walton Beach, FL 32547
Area Demographics (5-mile radius) > RENTABLE SQUARE FEET > ROOF 7,223 RSF Flat roof with membrane cover Current Population (2018) > PROPERTY SIZE > FIRE SAFETY 69,751 1.00 Acres 100% sprinkled; 24-hour monitoring with pull downt > YEAR BUILT Projected Population (2023) 2018 > EMERGENCY POWER Increase One diesel generator 0.91% > NO. OF FLOORS 1 > SIGNAGE Average Household Pylon signage at front entrance on Income (2018) > ZONING Green Acres Roadt $69,659 Comm (Commercial - Okaloosa County) > UTILITIES > FLOOD ZONE Water/Sewer: Okaloosa County X Electric: Gulf Power Company Daytime Population 76,705 > CONSTRUCTION > PARCEL(S) Slab-on-grade foundation with concrete Okaloosa County block construction and brick exterior 34-1S-24-0000-0087-0000 34-1S-24-0000-0087-0010 2018 Total Households > HVAC 29,439 Zoned heat pumps on roof
EMERALD COAST MEDICAL OFFICE PORTFOLIO | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 5 PROPERTY INFORMATION
Property 319 Green Acres Road Overview Fort Walton Beach, FL 32547
Area Demographics (5-mile radius) > RENTABLE SQUARE FEET > ROOF 17,399 RSF Flat roof with membrane cover Current Population (2018) > PROPERTY SIZE > FIRE SAFETY 69,751 2.00 Acres 100% sprinkled; 24-hour monitoring with pull downt > YEAR BUILT Projected Population (2023) 2017 > SIGNAGE Increase Pylon signage at front entrance on 0.91% > NO. OF FLOORS Green Acres Roadt 1 Average Household > UTILITIES Income (2018) > ZONING Water/Sewer: Okaloosa County $69,659 Prof Building -Okaloosa County Electric: Gulf Power Company
> FLOOD ZONE > PARCEL(S) X Okaloosa County Daytime Population 34-1S-24-0000-0118-0000 76,705 > CONSTRUCTION 34-1S-24-0000-0095-0000 Slab-on-grade foundation with concrete block construction and brick exterior 2018 Total Households > HVAC 29,439 Zoned heat pumps on roof
EMERALD COAST MEDICAL OFFICE PORTFOLIO | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 6 PROPERTY INFORMATION
Property Overview | 221 E. Redstone Avenue Crestview, FL 32539
Area Demographics (5-mile radius) > RENTABLE SQUARE FEET > FLOOD ZONE 14,418 RSF TOTAL X Current Population (2018) RENALUS BLDG: 5,378 RSF FRESENIUS BLDG: 9,040 RSF > CONSTRUCTION 42,022 Slab-on-grade foundation hardy board > PROPERTY SIZE construction and brick exterior 2.53 Acres Projected Population (2023) > HVAC Increase > YEAR BUILT Zoned heat pumps 1.62% Under construction; delivery Feb. 2020 > ROOF Average Household > NO. OF FLOORS Wood-framed hip gable roof and Income (2018) 1 shingled $72,540
> FUTURE DEVELOPMENT > SIGNAGE Future Fresenius build-to-suit will be Pylon signage in front on E. Redstone situated across the parking lot facing Avenue Daytime Population the Renalus Facility 18,578 > UTILITIES > PROPERTY POSITIONING Water/Sewer: Four-minute walk to North Okaloosa Emerald Coast Utilities Authority. Medical Center (hospital) and adjacent Electric: 2018 Total Households lot (different owner) could Gulf Power Company 14,818 accommodate a future ambulatory surgery center > PARCEL(S) Escambia County > ZONING 31-1S-30-1901-133-005 (Parcel 1) Prof Building - Okaloosa County 31-1S-30-1901-130-005 (Parcel 2)
EMERALD COAST MEDICAL OFFICE PORTFOLIO | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 7 5
1 2 3 4
PENSACOLA
TALLAHASSEE JACKSONVILLE
1619 Creighton Road 1 Pensacola EMERALD COAST ORLANDO 5476 Mobile Highway MEDICAL OFFICE TAMPA 2 Pensacola PORTFOLIO
315 Green Acres Road 3 Fort Walton Beach
319 Green Acres Road 4 Fort Walton Beach MIAMI NORTH 221 E. Redstone Avenue 5 Crestview
To receive the offering memorandum, please execute the Confidentiality Agreement online at http://bit.ly/EmeraldCoastCA
TO LEARN MORE ABOUT THIS EXCITING OPPORTUNITY, PLEASE CONTACT: Juan A. Vega, Jr., SIOR, CCIM Executive Managing Director Copyright © Free Vector Maps.com Healthcare & Life Sciences Services DIRECT +1 813 871 8516 EMAIL [email protected]
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2019. All rights reserved.