Property Description

New City Center 621 N. Moore Avenue Moore, OK 73160Listing Price $13,500,000Current CAP 9.28 %Price Per S.F. $74.52Price Per GLA $74.52Expenses Per S.F. $1.47GLA 181,170Building S.F. 181,170Percent Occupied 90.00 %Land Acres 19.50Loan Amount $8,100,000Down Payment $5,400,000Loan Description Conduit loan all due & payable in 2014 (10 yr term/25 yr amort). Assumption fee of0.75% + terms as outlined in available Loan Summary.Estimated Annualized Operating Data CurrentScheduled Income $1,443,528Other Income $19,190Recapture / CAM $114,915Tax Reimbursement $38,734Insurance Reimbursement $21,450Billboard Reimbusement $14,400Utilities Reimbursement $5,914Less Vacancy $133,495Gross Operating Income $1,524,636Less Expenses $271,212Net Operating Income $1,253,424Less Loan Payment $619,040Pre-Tax Cash Flow $634,384Cash on Cash Return 11.75 %Estimated Annualized Expenses HighlightsCurrentTotal Expenses $271,212Expenses Per S.F. $1.47Expense detail available.Outparcels Available forLease/DevelopmentSeasoned rent roll on 90% of GLA20-minutes from Downtown OklahomaCity & AirportHigh-visibility to I-35 traffic (90,000+ADT)Moore is 20-minutes from Downtown Oklahoma City, the University of Oklahoma andTinker Air Force Base. Moore is the fastest growing "bedroom" community forOklahoma City and the ninth larest city in the state. High population and employmentgrowth in the immediate area includes a new hospital being constructed six blocks fromthe site and a new city "economic development center" close by.