MED Realty Exclusive Listings


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[single family] [condo/townhouse] [Co-Op] [mobile home] [adult community] [Rental] [multi family] [land] [commercial]




Single Family:



Freehold Boro: Monmouth Cty.
MLS
$349,900
(Ask for Carl)
EXCELLENT HOME IN MOVE-IN CONDITION. 4 BEDROOM, 1 ½ BATH COLONIAL WITH NEW WINDOWS. GAS HEAT. CENTRAL AIR (EXCEPT IN ENCLOSED REAR PORCH). THERE IS HANDICAP ACCESS. LARGE EAT-IN KITCHEN WITH PANTRY AND WASHER/DRYER. CHAIR RAIL IN DINING ROOM. DEN COULD BE 5TH BEDROOM. USABLE BASEMENT. ROOF IS 10 YEARS OLD. LARGE SEMI-FENCED REAR YARD.
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Old Bridge: Middlesex Cty.
MLS
$399,900
(Ask for Carl)
CENTER HALL COLONIAL IN MERRITT ESTATES. 4 BEDROOMS, 2 ½ REMODELED BATHS AND FULL FINISHED BASEMENT IN 2,500 SQUARE FEET. FAMILY ROOM HAS A BRICK FIREPLACE WITH HEATOLATOR. REMODELED EAT-IN KITCHEN WITH GRANITE COUNTERS, FULL APPLIANCE PACKAGE AND SLIDERS TO DECK. CENTRAL ALARM SYSTEM YARD FEATURES 29X18 DECK AND CONCRETE PATIO. FENCED REAR YARD BACKS TO GREEN ACRES . INGROUND POOL WITH NEW LINER AND FILTER. A MUST SEE!!!
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Condominiums and Townhouses:





CO-OP:

No Listings at this Time.



Mobile Home:

No Listings at this Time.



Adult Community:



Manchester: Ocean Cty.
MLS -Under Contract-
$249,900
(Ask for Carl)
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MINT CONDITION CADBURY MODEL IN COUNTRY WALK (THE ONLY MODEL WITH A SEPARATE GREAT ROOM). KITCHEN FEATURES 42” CABINETS, DOUBLE WALL OVEN, COUNTER-TOP RANGE, MICROWAVE & CERAMIC TILE FLOOR. SUN TUBE IN KITCHEN. HARDWOOD FLOORS. MASTER BEDROOM WITH WALK-IN CLOSET AND JACUZZI BATH. RECESSED LIGHTS IN LIVING, DINING & GREAT ROOMS. FRENCH DOOR TO PATIO. SECURITY SYSTEM. LOWEST PRICED CADBURY ON MARKET. MAINTENANCE FEE INCLUDES POOL, LAWN, SNOW, TRASH ETC. PETS ALLOWED. SELLER WILL INCLUDE IN SALE A 3 BEDROOM, 2 BATH TIME-SHARE IN KISSIMEE FLORIDA (can be split into 2 units). THERE ARE 4 WEEKS BANKED. MAINTENANCE & TAXES ARE $408./YEAR.
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Manchester / Whiting: Ocean Cty.
MLS
$239,900
(Ask for Carl)
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SPACIOUS HOME IN COUNTRY WALK. MINT CONDITION EXPANDED CADBURY RANCH WITH 2-CAR ATTACHED GARAGE. THIS LARGE 2 BEDROOM, 2 FULL BATH HOME FEATURES: EXPANDED MASTER BEDROOM (19’X12.9’); UPGRADED 42- CABINETS IN KITCHEN AND STAINLESS APPLIANCES; HARDWOOD FLOORS AND MARBLE WOODBURNING FIREPLACE. HOME HAS GAS HEAT. THERE IS A 15X10 PATIO WITH AUTOMATIC AWNING ON A LOVELY LOT.
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Manchester / Whiting: Ocean Cty.
MLS
$199,900
(Ask for Carl)
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LOVELY HOME IN COUNTRY WALK. MINT CONDITION AUBURN I RANCH WITH 2 BEDROOMS AND 2 FULL BATHS. THERE IS AN ADDED SUNROOM OFF THE KITCHEN WHICH MAKES A SQUARE FOOTAGE OF 1,455. HARDWOOD FLOOR IN ENTRANCE AND HALL (EXTRA FLOORING IN ATTIC). PATIO OFF SUNROOM. ATTRACTIVE LA NDSCAPING. OVERSIZED LOT. HOME HAS GAS HEAT.
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Toms River / Berkeley: Ocean Cty.
MLS
$139,900
(Ask for Carl)
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BEAUTIFUL HOME IN THE ADULT COMMUNITY OF HOLIDAY CITY WEST. COMPLETELY RENOVATED 1,232 SQUARE FOOT 2 BEDROOM, 2 FULL BATH LAKEVIEW MODEL. ALL NEW KITCHEN WITH 42” CABINETS, ALL STAINLESS STEEL APPLIANCES AND NEW CERAMIC TILE FLOOR. TWO NEW FULL BATHROOMS. NEW WINDOWS. BRAND NEW CARPETING IN BOTH BEDROOMS, LIVING AND DINING ROOMS. ATTACHED GARAGE. SITUATED AT END OF CUL DE SAC WITH PRIVATE BACKYARD. SPRINKLER ON WELL.
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Rentals:



Howell: Monmouth Cty.
MLS
$1,800/mo
(Ask for Carl)
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COMPLETELY RENOVATED 3-4 BEDROOM, 1.5 BATH RANCH. NEW KITCHEN WITH 42" MAPLE CABINETS AND ALL NEW STAINLESS STEEL APPLIANCES. LARGE PANTRY IN KITCHEN. NEW HARDWOOD FLOORS THRUOUT. FAMILY ROOM HAS CATHEDRAL CEILING WITH SKYLIGHTS. PROPERTY IS FENCED. NEW CENTRAL AIR. NEW FURNACE. NEW HOT WATER HEATER. NEW WINDOWS. NEW VINTL SIDING. NEW DRIVEWAY. 4 FOOT STORAGE BASEMENT. SHEDS.
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Multi-Family:





Land:





Commercial:



ALABAMA: Huntsville
West Jordan Plaza
Offering Price $2,500,000
(Ask for Carl)
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Download these documents to your computer by saving this link Property Desc.doc, And the Rent Report here, Rent Report..

PROPERTY DESCRIPTION AND LOCATION
Identity & Surroundings: West Jordan Plaza lies within the city of Huntsville and centrally located off Highway 72. It is located in a light industrial area that supports the retail located on Highway 72.
General Description: The single story facility has 41,906 square feet. Most units Consists of 20% office space and 80% warehouse space. The ceiling heights in The warehouse are 14 ft clear and have a 12 ft bay door. The building was built In 1986. The building sits on 2.11 acres of land.
Site Details: The topography of the site is slightly sloping. Landscaping consists Of grass, flowering plants, shrubs and trees.
Site Area: Approximately 2.11 acres.
Parking: 123 spaces
Utilities: Utilities provided to the property include electric, water, sewage, and Gas. Utility companies providing services to the site include:
Water and sewerHuntsville Utilities
FiberBell South/Comcast
TelephoneBell South/Comcast
ElectricHuntsville Utilities

Type: Office/Warehouse
Year Built: The building was built in 1986
Structure: Metal building
Roof: Metal (good condition)
Fuel Sources: Heating - electric
Air conditioning - electric
HVAC System: each unit has separate HVAC Systems. The HVAC equipment consists of heat pumps ranging from three to seven tons.
Zoning: The property is zoned Light Industrial District by the City of Huntsville.

The building contains both warehouse & office space & light industrial.
There are 9 tenants + 1 vacancy.
Most spaces are all electric, one is gas.
There is no deferred maintenance. Parking lot in good shape.
Each unit has water & sewer.
Property contains 2.11 acres. There are 123 parking spaces.
The front of the building is brick & glass.
Property Description
West Jordan Plaza (WJP) is a multi-tenant office warehouse building located in the West Central section of Huntsville, Alabama. The subject property consists of 41,906 total sq. ft. The building sits on 2.11 acres of land.
Total Square D=Feet41,906
Occupancy93.8%
Parking123 spaces
ZoningLight Industrial
Acreage2.11 Acres
Huntsville Market
Huntsville is the third largest metropolitan area in the state of Alabama and is recognized as a city with large growth potential in the nation’s most economically active region, the southeastern United State.
The community’s principle economic strength is in the field of high technology and defense. The hub of Huntsville’s business activity is based in Cummings Research park, which is the world’s second largest planned research park, as well as other industrial parks including Jetplex Industrial park, Chase Industrial Park and Thornton Research Park. Many well-known companies are attracted to these parks in Huntsville,. Companies such as Boeing, Lockheed martin, Raytheon, Teledyne, TRW and Northrop Grumman are all located in Huntsville.
Income Statement
MONTHLY YEALRLY
$21,599.53 INCOME $259,194.42
$3,641.57 Expenses $43,699.00
17,957.96 GROSS INCOME 215,495.42
EXPENSES
1,186.58 Taxes 14,239.00
341.66 Insurance 4,100.00
800.00 Management 9,600.00
125.00 Parking Lot Sweep 1,500.00
155.00 Pest 1,860.00
200.00 Landscape 2,400.00
500.00 Electric & Water 6,000.00
333.33 Repair & Reserve 4,000.00
3,641.57 Total Expenses 43,699.00
MORTGAGE COST
ASSUME 20% DOWN (500,000) @ 7 ½% FOR 30 YEAR MORTGAGE AMOUNT 2,000,000.00
14,000.00 Mortgage Cost 168,000.00
3,715.00 Net Income 44,579.91
YEILD ON FUNDS INVESTED 8.6%
SELLER WILL GUARANTEE THE INCOME ON THE VACANT 2,000 SQ. FT. @ $7 A SQ. FT. FOR 12 MONTHS, IF UNRENTED BEFORE CLOSING.

WEST JORDAN PLAZA RENT ESCALATION
TENANTPERCENTAGE INCREASE YEARLY
Satellite Unlimitedno escalation
Accent Human Resourcesno escalation
Rep Techno escalation
Direct Buy3%
Alabama Dept. of Transportationleases 1 yr at a time (anticipated 4% increase)
Ana Lab 4%
Marco Industries3%
Orkin Exterminators3%
Martechno escalation
Commercial Rent Report
Report Date From 2/1/2006 TO 2/10/2006
PROPERTY: Stage Road Development, LLC
Occupant Name Square Feet Lease Term From Lease Term To Unit Info Base Rent Prorated Base Rent Annual Rent Per SQ FT/YR Base Rent Increase Date Base Rent Increase Amount Operating Expense Month Operating Expense SQ FT/YR Real Estate Tax Month Real Estate Tax SQ FT/YR CPI Expense Month Gross Rents Total
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Satelite Unlimited, INC 3,200 04/01/2006 3/31/2008 632.67 7,592.04 2.37 04/01/2005 632.67 181.33 0.68 85.33 0.32 50.67 975.00 7,592.04 2.37 04/01/2005 632.67 181.33 0.68
Ana-Lab Corp 1,713 02/01/2005 1/31/2008 660.93 7,931.16 4.63 02/01/2006 660.93 97.07 0.68 45.68 0.32 27.12 830.80
02/01/2007
Accent Human Resources, INC 2,465 02/01/2006 1/31/2009 1,000.00 12,000.00 4.87 02/01/2006 1,000.00 0.00 0.00 0.00 0.00 0.00 1,000.00
02/01/2009
02/01/2010
*** VACANT *** 600 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
JNA Enterprizes, INC 7,940 12/01/2004 11/30/2010 6,338.77 76,065.24 9.58 12/01/2005 6,338.77 449.93 0.68 211.73 0.32 132.33 7,132.76
12/01/2006
12/01/2008
12/01/20059
Alabama Dept. of Trans 2,106 05/15/2004 1,360.13 16,321.56 7.75 06/01/2004 1,360.13 0.00 0.00 0.00 0.00 0.00 0.00 1,360.13
Tobb Betha/Rep Tech 8,166 12/01/2004 11/30/2006 1,750.20 21,002.40 2.57 12/01/2004 1,750.20 129.20 0.19 217.76 0.32 462.74 2,560.00
Macro Industries, Inc 8,242 09/01/2003 8/31/20083,186.23 38,234.76 4.64 09/01/2005 3,186.23 0.00 0.00 0.00 0.00 0.00 0.00 3,186.23
09/01/2006
09/01/2007
Orkin Exterminating Co,pany 3,200 09/01/2003 8/31/2008 2,533.33 30,399.96 9.50 09/01/2005 2,533.33 0.00 0.00 0.00 0.00 0.00 2,533.33
09/01/2006
09/01/20057
Martee Incorperated 1,800 07/01/2003 6/302007 645.00 7,740.00 4.30 08/01/2005 645.00 180.00 1.20 0.00 0.00 0.00 825.00
*** VACANT *** 2,000 1,417.00 0.00 7.00 0.00 0.00 0.00 0.00 0.00 0.00 1166.66
Rep Tech, Inc 580 08/01/2004 11/30/2006 305.00 3,660.00 6.31 08/01/2005 305.00 58.00 1.20 0.00 0.00 0.00 363.00
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Property Totals 42,012 19,829.26 220,947.12 5.61 1,095.63 0.31 560.50 0.16 672.86 21,932.91
Total Occupied Square Feet 39,412
Total Vacant Square Feet 2,600

 
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