OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO

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Abigayle Frederica Roberts
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1 OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO

2 Confidentiality Agreement The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Maher Commercial Real Estate, and should not be made available to any other person or entity without the written consent of Maher Commercial Real Estate. This offering memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Maher Commercial Real Estate has not made any investigation, and makes no warranty or representation with respect to any of the information included in this offering memorandum. The information contained in this offering memorandum has been obtained from sources we believe to be reliable. Maher Commercial Real Estate, however, has not verified, and will not verify, any of the information contained herein. Maher Commercial Real Estate has not, and will not, conduct any investigation regarding these matters, and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Any potential buyer must take appropriate steps to verify all of the information set forth herein. The information contained herein is for illustration only - dimensions are approximate only. This information is not to be reproduced or used for construction or permitting. The information contained within this offering memorandum is believed to be accurate as of the date of input, however, Maher Commerdal Real Estate assumes no responsibility for the accuracy of the information provided.

3 Table of Contents PROPERTY OVERVIEW...4 AERIALS...7 COLUMBIA DEMOGRAPHICS...9 FINANCIAL & RENT ROLL...10 CONTACT INFO...13 OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 3

4 Property Overview KPO PROPERTIES: 3902 ROCK QUARRY RD HERMITAGE JUNIPER CIRCLE QUARRY PARK VILLAGE PARK % OCCUPANCY RATE 133 BEDS TOTAL UNITS BR UNITS 3BR UNITS OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 4

5 Property Overview JUNIPER RIDGE ROCK QUARRY VILLAGE HERMITAGE APARTMENTS OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 5

6 KPO Properties, LLC KPO Properties was founded to provide high quality housing and service at reasonable prices for the population of university students and residents of Columbia, Missouri. This property nicely fits the niche between the new, luxury student housing that is very expensive and unaffordable to many, and the inexpensive housing that is available to virtually all budgets but is old and in relatively poor repair. Branded as such, this property has enjoyed 100% occupancy for 15 years, and usually has a waiting list for tenancy. The ownership prides itself in providing comfortable units at affordable rates, rapidly-responsive, high-quality service and polite, helpful management. All the units provide garages with garage door openers, plenty of additional parking, vaulted ceilings, ceiling fans, full sets of kitchen appliances, washers and dryers, microwave ovens, over-sized or walk-in closets, private bathrooms, plenty of storage, fireplaces and landscape maintenance including snow removal, although specific features may vary by unit. Additionally, all the units are cable and internet ready. These units are in an area of town that is considered most desirable by residents and students who prefer to live off-campus. OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 6

7 Aerials OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 7

8 Aerials OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 8

9 Demographics Columbia is the fourth largest city in Missouri at nearly 120,000 residents. Boone county which Columbia resides is home to roughly 175,000 people. Studies frequently rank Columbia as a top city in which to live for educational facilities, health care, technology, economic growth, cultural opportunities, and cost of living. The city has been ranked as high as the second-best place to live by Money Magazine s annual list and is regularly in the top 100. The city of Columbia is located on Interstate 70, roughly equidistant from the cities of St. Louis and Kansas City. Greater St. Louis is 70 miles to the east while Kansas City is 100 miles to the west. Columbia serves as the home of the main campus for the University of Missouri, as well as the campuses of Columbia College and Stephens College. Over half the population of Columbia holds a bachelor degree and over a quarter have a Masters degree, placing Columbia in the top 20 list of most highly educated municipalities. With a low cost of living, it does not take a large amount of income to make your family comfortable in Columbia. The high standard of living has resulted in a steady population increase year over year. In the past five years Columbia s population has grown by nine percent. With new employers Smith & Wesson and Aurora Farms building facilities in the Columbia area, the population will continue to steadily grow. These new employers plan to provide hundreds of jobs to residents in Boone County. Overall, the City of Columbia provides a bountiful supply of resources & entertainment for residence and tourists. OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 9

10 Financials & Rent Roll KPO - NOI - FY2016 January - December 2016 Ordinary Income/Expense Income Fee Income Rental Income Total Income 2, ,206, ,208, Gross Profit Expense Advertising and Marketing Bank Fees/Charges/Errors Cleaning & Maintenance Insurance Legal and Professional Fees Office/Corporate Expenses Taxes Travel & Mileage Utilities Wages and Salary Expenses Total Expense Net Ordinary Income Other Income/Expense Other Income Interest Income Other Income Total Other Income Net Other Income Net Income 1,208, , , , , , , , , , , , , OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 10

11 KPO Rent Roll Unit BR Target Rent 3604 A Hermitage 2 $ B Hermitage 2 $ C Hermitage 2 $ D Hermitage 2 $ E Hermitage 2 $ F Hermitage 2 $ G Hermitage 2 $ H Hermitage 2 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Drive 3 $ Juniper Circle 3 $ Juniper Drive 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Drive 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Drive 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Drive 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Drive 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Drive 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Drive 3 $ Juniper Circle 3 $ Juniper Drive 3 $ Unit BR Target Rent 1914 Juniper Circle 2 $ Juniper Circle 3 $ Juniper Drive 3 $ Juniper Circle 2 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ Juniper Circle 3 $ A Rock Quarry Rd 3 $ B Rock Quarry Rd 3 $ C Rock Quarry Rd 3 $ D Rock Quarry Rd 3 $ A Rock Quarry Rd 3 $ B Rock Quarry Rd 3 $ C Rock Quarry Rd 3 $ D Rock Quarry Rd 3 $ A Rock Quarry Rd 3 $ B Rock Quarry Rd 3 $ A Rock Quarry Rd 3 $ B Rock Quarry Rd 3 $ C Rock Quarry Rd 3 $ A Rock Quarry Rd 3 $ B Rock Quarry Rd 3 $ C Rock Quarry Rd 3 $ D Rock Quarry Rd 3 $ Rock Quarry Rd 3 $ Rock Quarry Rd 3 $ Rock Quarry Rd 3 $ Rock Quarry Rd 3 $ Rock Quarry Rd(Office) 3 $ Rock Quarry Rd 3 $ Rock Quarry Rd 3 $ Rock Quarry Rd 3 $ OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 11

12 KPO Rent Roll (contd.) Unit BR Target Rent 1800 Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Quarry Park 3 $ Village Park 3 $ Village Park 3 $885: Village Park 3 $ Village Park 3 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Unit BR Target Rent 3808 Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Village Park 2 $ Total $105, OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 12

13 Listing Team Contact Info Jack L. Maher III Broker-Officer JLM Properties, Inc Buttonwood Dr., Suite 200, Columbia, MO c w f OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO 13

Offering Memorandum. Fresenius Kidney Care Center 9140 Harrison Park Dr. Indianapolis, Indiana 46216

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