Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected]Casey Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]FOR MORE INFORMATION, PLEASE CONTACT: grantgroupok.com PROPERTY O PROPERTY OVER VERVIEW VIEW Portfolio of 2 car washes located only 1.2 miles apart in Mustang, OK. 435 E. State Highway 152 - Car wash consisting of 5 self serve bays, 1 touch free automatic & a tunnel. The property totals 4,222 SF mol situated on approximately 1.06 Acres. Built in 2003. 719 E. State Highway 152 - Car wash consisting of 5 self serve bays & 1 touch free automatic. The property totals 3,046 SF mol situated on approximately 1.00 Acre. Built in 1996. PROPERTY SUMMARY Sale Pric Sale Price: e: $2,900,000 Cap Ra Cap Rate: e: 12.43% NOI: NOI: $360,358 Lot Siz ot Size: e: 2.06 Acres Building Siz Building Size: e: 7,268 SF Year Built: ear Built: 2003 Mark Market: et: Oklahoma City Sub Mark Sub Market: et: Mustang MUSTANG CAR WASH PORTFOLIO 435 W. State Highway 152, Mustang, OK 73064
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Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
PROPERTY OPROPERTY OVERVERVIEWVIEW
Portfolio of 2 car washes located only 1.2 miles apart in Mustang, OK.
435 E. State Highway 152 - Car wash consisting of 5 self serve bays, 1 touchfree automatic & a tunnel. The property totals 4,222 SF mol situated onapproximately 1.06 Acres. Built in 2003.719 E. State Highway 152 - Car wash consisting of 5 self serve bays & 1 touchfree automatic. The property totals 3,046 SF mol situated on approximately1.00 Acre. Built in 1996.
LLOCAOCATION OTION OVERVERVIEWVIEW
Iron Horse West - 435 W. State Highway 152 - Located about 1/2 mile west ofMustang Road on the north side of 152.Iron Horse East - 719 E. Highway 152 - Located about 1/2 mile east of MustangRoad on the north side of 152.
PROPERTY SUMMARY
Sale PricSale Price:e: $2,900,000
Cap RaCap Ratte:e: 12.43%
NOI:NOI: $360,358
LLot Sizot Size:e: 2.06 Acres
Building SizBuilding Size:e: 7,268 SF
YYear Built:ear Built: 2003
MarkMarket:et: Oklahoma City
Sub MarkSub Market:et: Mustang
MUSTANG CAR WASH PORTFOLIO435 W. State Highway 152, Mustang, OK 73064
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
INVESTMENT OVERVIEW 2018 2017
Price $2,900,000 $2,900,000Price per SF $399.01 $399.01CAP Rate 12.4% 12.7%Cash-on-Cash Return (yr 1) 29.11 % 30.33 %Total Return (yr 1) $234,394 $241,460Debt Coverage Ratio 1.88 1.92
OPERATING DATA 2018 2017
Gross Scheduled Income $631,503 $625,009Other Income - -Gross Income $631,503 $625,009Operating Expenses $271,144 $257,584Net Operating Income $360,358 $367,424Pre-Tax Cash Flow $168,850 $175,916
FINANCING DATA 2018 2017
Down Payment $580,000 $580,000Loan Amount $2,320,000 $2,320,000Debt Service $191,508 $191,508Debt Service Monthly $15,959 $15,959Principal Reduction (yr 1) $65,543 $65,543
MUSTANG CAR WASH PORTFOLIO435 W. State Highway 152, Mustang, OK 73064
Chris Anderson, CCIM Principal | P: 405.285.2100 X11 | [email protected] Massegee, CCIM Principal | P: 405.285.2100 X10 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
grantgroupok.com
MUSTANG CAR WASH PORTFOLIO435 W. State Highway 152, Mustang, OK 73064
Chris Anderson is a principal and one of two managing partners of Grant Group. Chris specializes in theacquisition and disposition of income producing properties with an emphasis on vehicle related retail aswell as traditional retail, multifamily, office and raw land.
Prior to forming the Grant Group, Chris was both a top performing investment advisor for anotherprominent commercial real estate firm in Oklahoma as well as an associate for a well known real estateinvestment trust (REIT) that owns and operates over 26,000 apartment units and roughly 2,000,000SF of retail space stretching from New Jersey to Florida and throughout the central U.S. in states suchas Oklahoma, Kansas and Missouri. Chris was responsible for overseeing all aspects of leasing andmarketing for the firm's Oklahoma portfolio.He was also an integral part of a small group of individualsthat evaluated potential acquisitions for the company.
Chris attended the University of Central Oklahoma where he studied business administration. He holdsthe very prestigious Certified Commercial Investment Member (CCIM) designation which approximatelyonly 6% of the 150,000 commercial practitioners nationwide hold. He is also a member of the NationalAssociation of Realtors (NAR), Realtors Commercial Alliance (RCA) and the Commercial Real EstateCouncil (CREC).
MUSTANG CAR WASH PORTFOLIO435 W. State Highway 152, Mustang, OK 73064
