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Mirasol
Southport—Saint James
Hwy 211 / Southport Supply Road
Mulitfamily Development Site
Nicholas Silivanch
Eastern Carolina Commercial Real Estate
432 Landmark Drive, Unit 4
Wilmington NC 28412
(910) 399 4602— O
(910) 515 7969—M
PREPARED BY:
Comprehensive Property Information Package
For Purchasers and Tenants
Containing
Demographics, Retail Trade Area Maps, Local Maps,
Drive Time analysis, Site Layouts and Pricing
CBCWorldwide.com
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
THE PROPERTY
MIRASOL APARTMENT’S :
MULTIFAMILY TRACT IS PART OF LARGER MIXED USE / PD
DEVELOPMENT SITE.
WILL BE THE FIRST COMMERCIAL CENTER LOCATION BETWEEN THE
TWO MAIN ENTRACES FROM THE ST. JAME PLANTATION
Site is denoted by the Star.
USE: Multifamily 13.8 Acres Est. 250 units
BREIF MARKET INFORMATION
The Southport / Oak Island and Saint James area of Brunswick County has been one of the most steadily
developing areas over the last several years including the recent recessionary period. The area has recently
seen some major development announcements outside of Mirasol with the Charles a senior community just
up the road, a new shopping center anchored by Lowes Food under development at the corner of 211 and
Midway, Apple Inc.’s new conservation area which is over 1600 acres and is located just east of Bolivia The
current retail hub is at the corner of highways 211 and 133, however that area is mostly built out making
new development in the area a tougher option, and not the preferred location for St. James Plantation.
Mirasol is one of the first lifestyle centers planned for Brunswick County and the only center of its kind in the
Southport—Oak Island—St. James area. The property is over 130 acres of an approved PD mixed use. With a
Commercial Hub featuring the key components of Live—Work—Play and with inclusive community feature’s
planned such as a music venue, two grasses courtyards with kiosks and fountains, and some open space
making it a draw for the area. Pricing varies per property. Property/sites will be delivered ready for
construction with grading complete and utilities at the property line. Engineering is complete.
Executive Summary on Mirasol
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Subject Property Is outlined in Blue
Mirasol is located adjacent to the 1,300 acre The Charles Senior Living Complex, and is located 1.8 Miles from the intersection
of 211 and Midway Road (heading South) heading North it is located 3 miles from the intersection of 211 and 133. Just minutes
outside of downtown Southport and across from St. James Plantation a 6,000 acre development, Mirasol will incorporate
Live—Work—Play unlike any lifestyle center currently in the Southeastern Brunswick County Region.
The area has won various awards on lifestyle, Community growth, and master planned community awards.
The are a is underserved for retailers, please see the Retail Trade Gap chart for specific areas.
Please see the demographics for the population and income levels
Subject Property
Property Aerial Location Map
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Multifamily Locations In Brunswick County
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As you can see the most heavily built markets are in Leland (suburb of Wilmington) and Shallotte NC. Southport is ready for
more Multifamily as the apartments there are currently at 100% occupancy per research conducted 6/15/15. There is currently
no availability for workers near Southport leaving a transient workforce from Wilmington/Leland or from Shallotte to work at
the employment centers in the area.
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Mirasol Planned Development Incorporates
The Master Site Plan Calls for the following items as part of its conceptual site plan
250,000 +/- sf of Tenant Retail with a Grocery and Large / Junior Box anchors.
The Outparcels range in size from the smallest of 1.3 acres to the largest of 2 acres.
The Multifamily component features 13.8 gross buildable acres approved for of 240
units spread over 9 buildings.
133 Residential Home Lots in Phase 1 of three phases of residential build out.
Sitting across from Saint James, Mirasol is located in a strategic location for tourists and
locals to live, shop, work and dine within minutes of their home in South Eastern New Han-
over County.
Conceptual Site Plan
Multi family
Mirasol west
Outparcels Outparcels
Mirasol East
133 Phase I Residential Lots
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Multifamily Village At Mirasol
Multifamily at Mirasol
The Multifamily Component at Mirasol is conceptually shown above has 250 units over
9 buildings. The Developer, Malcolm Jones, plans to deliver the site with utilities
stubbed to accommodate the developments final unit count, side graded for a full build
out of density. Storm water will be handled in off site master ponds for the entire devel-
opment, and used as a buffer between the residential/multifamily and the retail com-
ponents of the property.
Acreage: 13.8 +/- Buildable
Pricing: $2,250,000.00
Per Door Price of: $9,000.00 per door for a estimated 250 +/- Units.
Acreage Price of: $163,043.47 per acre
250 +/- Units within 9 buildings - Conceptual Site Plan
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Market Information
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EGRET CROSSING APARTMENTS—Are the only local competition in Southport
Competition Map - SITE IN BLUE STAR—COMPETITION IN RED
Unit Type Units SF Total SF Monthly
Rental
Per SF
1/BR—1/ BA 12 450 5,400 $ 530 $1.18
1/BR—1BA 16 500 8,000 $ 615 $1.23
1/BR –1/BA 56 660 36,960 $ 690 $1.03
2/BR –2/BA 24 900 21,600 $ 760 $0.84
TOTAL/
AVERAGE
108 666 71,960 $ 670 $1.01
LOCATED AT 4850 TOBAGO DRIVE, SE, SOUTHPORT NC 28461—ONLY DIRECT COMPETI-
TION IN THE MARKETPALCE CURRENTLY.
4.04 MILES AWAY
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Market Information—Southport
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Apartment Market Place Around
Mirasol—Southport—Saint James and Oak Island
Points of Interest—Southport
Southport's stable and growing economy is filled
with an array of boutiques, cafes, antique shops, art galleries, parks, restaurants, professional offices, varied service provid-
ers, physician offices, motels, bed and breakfast inns, churches, art galleries, museums, meeting facilities, and Dosher
Memorial l Hospital. Tourism and retirement communities are the main driver’s of the economy at this time.
SITE
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Market Information—Bald Head Island
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Small Town
Its part of the attraction.
backdrop for quite a
number of movies over the years, including I Know What You Did Last Summer, Crimes of the Heart, Summer Catch, Domestic Disturbance,
Mary and Martha, Nights in Rodanthe, A Walk to Remember and Safe Haven. is also the setting of several acclaimed novels, including "Safe
Haven" by Nicholas Sparks, and the filming locale for the television series Revenge and Under the Dome.
Points of Interest—Bald Head Island
Bald Head Island
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Market Information—Oak Island
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Points of Interest—Oak Island
Oak Island
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Market Information—Saint James
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Points of Interest— Saint James
St James is a new town, incorporated in 1999, along the southeast coast of North Carolina – just a few miles from the old fishing village of Southport, NC and about 30 miles south of Wilmington, NC. St James is in Brunswick County, NC, which is characterized by growing communities nestled in some of the most unique wetlands areas of the United States. St James is a residential town, with a large population of vibrantly active retirees who enjoy our four and a half golf courses, many tennis courts, swimming pools, full service marina and beach club along the Oak Island sea shore. However, we are also home to many young families and enjoy the sight of yellow school buses throughout the community. Residents – currently about 3,600 from all over the United States - are talented and active volunteers – from our all volunteer Fire and EMS Department, to our award winning Service Club, and to all manner of community service opportunities throughout the Brunswick County area. Mirasol is located in and around all of these wonderful communities with easy access to the recreation, the shopping, the development and the entertainment available. Making the limited competition and market de-sirability for retirees the perfect combination for the development of Mirasols Apartment Community.
Saint James is Outlined
(Across from Subject Property )
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Market Information - Brunswick County
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Where is Brunswick County and where is the growth and development—
Brunswick County is bounded to the north by the Cape Fear River, to the east by New Hanover County, to the south by the Atlantic Ocean, and shares
its western boundary with N o r t h M y r t l e B e a c h , South Carolina. Long Beach/Oak Island is the largest city in Brunswick County and Bolivia is the
county seat. Wilmington is located in New Hanover County to the east and is a major shopping and tourism center for the area. Raleigh, the state
capital, is located approximately 150 miles to the northwest and Charlotte is 200 miles to the northwest.
Carolina:
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Market Information
1
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3 4
The area's main economic base is in retail trade and services. Approximately 27% of the labor force is employed in ser-
vices, 17% in retail trade and 26% in trade, transportation and utilities. This is due to the location of the county on the At-
lantic Ocean with tourism being a large driver of the local economies. Brunswick County's top employers as of June 2015
according to Brunswick County Development are as follows:
14
Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Projected
Total Population 2018 2013 2010
Within 1-3 Miles 8,740 7,951 7,422
Within 2-5 Miles 16,200 14,808 13,982
Within 3-10 Miles 34,441 31,836 30,394
Population Over 50 2018 2013 2010
Within 1-3 Miles 4,879 4,267 3,893
Within 2-5 Miles 10,460 9,261 8,513
Within 3-10 Miles 19,463 17,371 16,010
Average Household Income 2018 2013__
Within 1-3 Miles $67,734 $59,246
Within 2-5 Miles $76,886 $67,609
Within 3-10 Miles $74,014 $65,253
Average Household Income Over 50 2018 2013___
Within 1-3 Miles $65,205 $57,748
Within 2-5 Miles $77,508 $68,594
Within 3-10 Miles $73,142 $65,146
Population Households Median Household Income Owner Occupied Housing Units
2013-2018 Annual Growth Rate
1.68 1.86
3.97
2.06
Demographics Radius 3—5—10
With the current lack of multifamily apart-
ments for retirees to relocate to while they
wait for their home to be built, the South-
port MF marketplace is missing out on po-
tential tenants who are locating in Wilming-
ton. Additionally the overall lack of multi-
family is a barrier to entry for employers
looking to grow as their employees have to
live in Wilmington and commute.
Demographic growth is strong and growing
over the next 3 year period.
15
Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Demographics Radius Map 3—5—10
16
Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
2013 Population by Age 3 Mile Radius
2013 Population by Age 5 Mile Radius
2013 Population by Age 10 Mile Radius
9.9%
12.6%
20.2%
9.3% 3.5%
13.5%
4.2%
26.9%
11.4% 8.3% 7.2%
3.0%
10.7%
3.2%
32.0%
24.2%
10.1%
13.1%
21.3% 26.1%
4.0%
12.8% 3.8%
8.8%
Demographics Radius 3—5—10
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Demographics Drive Time Map 5 –15—30
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Projected
Total Population 2018 2013 2010
Within 5 Minute Drive Time 4,330 3,950 3,719
Within 15 Minute Drive Time 22,785 20,893 19,704
Within 30 Minute Drive Time 72,707 66,247 62,315
Population Over 50 2018 2013 2010
Within 5 Minute Drive Time 2,376 2,096 1,926
Within 15 Minute Drive Time 13,369 11,835 10,822
Within 30 Minute Drive Time 35,571 31,325 28,478
Average Household Income 2018 2013__
Within 5 Minute Drive Time $50,049 $41,482
Within 15 Minute Drive Time $55,394 $47,331
Within 30 Minute Drive Time $54,749 $47,002
Average Household Income Over 50 2018 2013___
Within 5 Minute Drive Time $44,929 $38,306
Within 15 Minute Drive Time $54,396 $45,349
Within 30 Minute Drive Time $52,559 $43,771
2013-2018 Annual Growth Rate
1.85 2.05
3.83
2.27
Population Households Median Household Income Owner Occupied Housing Units
Demographics Drive Time 5 –15—30
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
2013 Population by Age 5 Minute Drive Time
2013 Population by Age 15 Minute Drive Time
2013 Population by Age 30 Minute Drive Time
10.1%
12.6%
19.4%
9.6% 3.5%
13.6%
4.1%
27.1%
12.4%
9.7% 8.2%
3.5%
12.4%
3.8%
27.8% 22.1%
10.7%
11.5%
13.0%
21.9%
5.3%
14.8% 4.4%
18.5%
Demographics Drive Time Map 5 –15—30
20
Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Mirasol Fact Sheet
MIRASOL FACT SHEET
Owner – Jones Holdings NC, LLC Malcolm Jones 561/248-3505
Jurisdiction – Brunswick County, North Carolina
Address of Property – 3950 Southport Supply Road, Southport, NC 28461
NOT accurate with most GPS or Nav maps
Location - Just west of Southport, NC on State Road 211 (being four laned in 2017)
Directly across SR211 from St. James Plantation - 5500 acre mixed use PUD
Rare opportunity on 211 corridor without limitations of wetlands (0%)
Zoning – PD (Planned Development) all unit counts and square footage approved
Enterprize Zone – Tier III www.thrivenc.com
Water – Brunswick County William Pinnix, PE 910/253-2408
Sewer - Brunswick County William Pinnix, PE 910/253-2408
Capacity Enhancement Agreement – July 2015
May require small Capital Deposit for future pump station at Midway Road
On site pump station designed for full buildout (all future parcels)
Stormwater – master stormwater management plan conveyed to all shown retention, permitted for impervious area of
entire parcel
Fiber – ATMC 910/454-8312
Power- BEMC 910/457-9808 Tim Tippett
Natural Gas – not available as of now on SR211 ( may be installed upon 4 lane construct) Piedmont Natural Gas
Post Office – address of Post Office : 206 East Nash St., Southport, NC 28461
Building Code RESIDENTIAL COMMERCIAL
Setbacks Front Yard 20’ Front Yard 25’
Side Yard 5’ Side Yard 11’
Rear Yard 15’ Rear yard 6’
Concurrency Requirements - None
Number of parking spaces required by code for commercial –
Distance to nearest school? 10 To Day Care? .5 To nearest church? .5
Main Entrance Signage – 50’ x 50’ building with roof at entrance to have tenant signage facing each way on SR211,
South facing to hold development signage “Mirasol”, “The Shops”, etc. (Walled building will house sewage pump
station, has open roof in center)
Economic Development – Jim Bradshaw 910/253-4429 Incentives available
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Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Mirasol Fact Sheet Cont.
MIRASOL FACT SHEET
Engineer of Record – Paramount Engineering 910-791-6707 Tim Clinksdale
Traffic Signal – will become a requirement in some future date at main entrance
211 Construction of 4 Lane Widening Dot Project No R-5021
Funded – Final Board Approval June 2015 Construction Drawings in progress
Emminent Domain – Sept 2015
Construction – 2017 thru 2019
Contact (District 3 Engineer – Anthony Law 910/251-2655)
Soil – Commercial sites may have fill installed by developer at proposed engineered site elevations,
topsoil for final grading also available onsite
Available upon request – Sign Ordinance Phase 1 Environmental
Aerial Soil Borings
TIA Report Title Work
Army Corp Determination of No Wetlands
22
Property Information Package
Eastern Carolinas Commercial Real Estate - www.eccrenc.com
432 Landmark Drive, Unit 4 Wilmington, NC, 28412
Nicholas Silivanch, Partner and EVP
(910) 399 4602 Office —(910) 515 7969 Cell—[email protected]
Team Contacts
Nicholas Silivanch
Partner/Broker
o: 910.399.4602
c: 910.515.7969
Garry Silivanch
Partner/Broker
o: 910.399.4602
c: 910.617.2163
Bernadette Silivanch
Vice President/Broker
o: 910.399.4602
c: 910.617.2198
Kelly Silivanch and Julie Stephenson
Broker Assistant / Office Manager
o: 910.399.4602
f: 910.399.4675