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投资亮点:
•增值机会 - 65%租用率,价格大大低于重置成本
•由设有12厅的喜满客影城(NYSE:CNK)租用
•喜满客影城又延长了10年租期
•喜满客影城资本增额:倾斜座椅,改建的大堂,更新的标牌,总计350至450万美元
•房产所有权的多种退出策略,包括将其分开出售
•采用更高的建造标准,提供零售商铺和办公室混合租用的灵活方式
•过去10年,布拉夫顿(Bluffton)人口增长显着
•该地区的需求驱动因素包括:CareCore National、Montage Palmetto Bluff、希尔顿黑德岛度假村(Hilton Head)
•被众多社区所包围,包括西岛(Island West)和农场公园(Barnyard Park)
投资概述:
Berkeley Place是一家零售、办公多用混合型物业,位于南卡罗来纳州布拉夫顿,占地129,927平方英尺,增值机会广阔,距离历史悠久的希尔顿黒德岛仅几分钟路程。该物业目前租用率达65%,主要由设有12厅的喜满客影城(NYSE:CNK)租用,占地45,000平方英尺喜满客影城最近将租约延长10年,每次续约期间有4至5年选择权和租金增加机会。此外,影城将进行大面积改造/翻新,升级影院的电器、设备、大厅和标牌,这将有助于为物业吸引其他高端租户。该物业还提供3栋三层的大楼,已由国内和本地的零售/办公租户所租用。
Property tours are available by appointment. Please contact the listing broker to schedule a tour.
Investment Highlights:
• Value-add opportunity – 65% Occupied and priced significantly below replacement cost
• Anchored by 12-screen Cinemark Theatre (NYSE: CNK)
• New 10-Year Extension to Cinemark
• Cinemark Capital Improvements: Reclining Seats, Remodeled Lobby, Updated Signage Totaling $3.5 - $4.5M
• Multiple exit strategies for new ownership including the sale of individual parcels to users
• Higher end, quality construction and unique mixed use retail and office tenancy
• Significant population growth in Bluffton over the past 10 years
• Demand drivers in the area include CareCore National, Montage Palmetto Bluff, Hilton Head
• Surrounded by numerous communities including Island West and Barnyard Park
Investment Overview:
Berkeley Place is a 129,927 SF mixed-use retail and office value-add opportunity located in Bluffton, South Carolina, just minutes from the historic Hilton Head Island. The subject property is currently 65% occupied and anchored by a 45,000 square foot, 12-screen Cinemark Theatre (NYSE: CNK). Cinemark recently extended their lease for 10 years with four, 5-year options and rental increases during each renewal. In addition, Cinemark Theatre will undergo an extensive remodel/renovation to upgrade the movie theatre’s furniture, equipment, lobby and signage, all of which will assist in modernizing and attracting high quality tenants for the remaining retail space at the property. The offering also includes three, three-story buildings, which are occupied by a strong mix of national and local retail/office tenants. Berkeley Place offers a unique opportunity for an investor to acquire a newly developed entertainment-driven property with significant potential through the lease-up of existing vacant space.
Berkeley Place is the premier shopping, entertainment and service center of Bluffton, South Carolina. With over 60,000 residents in a 7-mile radius, Bluffton has been ranked as the fastest growing town in the fastest growing county of South Carolina due to its strategic location and proximity to Hilton Head Island, I-95, and Savannah, GA. Berkeley Place sits in close proximity to a number of demand drivers, including the Island West Golf Club, the CareCore National Headquarters, and communities such as Woodbridge and Island West. This property will be auctioned on Monday, April 23 - Wednesday, April 25 . The price displayed is the starting bid amount of $2,000,000. For information and to register to bid on this property, please visit Ten-X.com.