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Sports Complex 6400 Piccadilly Square Dr. Mobile, AL

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Page 1: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Sports Complex 6400 Piccadilly Square Dr.

Mobile, AL

Page 2: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 2 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Executive Summary

Bull Realty, Inc. is pleased to present a unique opportunity to purchase the real estate and business assets of one of Central and South Alabama’s longest established, locally run, lifestyle and fitness operators. Located just minutes from The University of South Alabama and the Mobile Regional Airport, is a prime com-mercial site with an income producing fitness facility currently in place. The facility is ideal for a multitude of health and fitness related uses including but not limited to: sports-medicine, physical therapy, active adult fitness, satellite student/faculty fitness, religious accessory, or other commercial uses. The Mobile Metropolitan area is Alabama’s second largest MSA with over 1,000,000 residents. The city was ranked as one of Forbes fastest growing metro areas as well as one of National Geographic Adventure’s “Best Places to Live and Play”. It’s location on the Mobile Bay provides the city with a multi-modal transportation network throughout the Gulf Coast Region and in turn the city is home to a number of aviation, shipping, chemical, medical, and information technology businesses.

The property is being listed well below market and further discount is available should the property be pur-

chased along with the three (3) other facilities currently being marketed.

PROXIMITY TO MAJOR LOCATIONS IN MILES

Providence Medical Center 1.1

The University of South Alabama 2

Somerby of Mobile Retirement Center 2.3

University Oaks Retirement Center 3.2

Faulkner University 3.8

Spring Hill Medical Center 4.3

Mobile Regional Airport 4.6

Please do not disturb the management, business, tenants or sellers. This Property is available for showing by appointment only. All interested parties must be accompanied by the Listing Broker or its respective affiliates.

Confidential Offering Please do not contact or visit the property without the Listing Broker or its respective affiliates

Page 3: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 3 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Sports Complex 6400 Piccadilly Square Dr.

Mobile, AL 36609

Table of Contents

Any included income, expenses, cap rates, costs, return estimates, renovations, measurements, square footage, acreage, projections, interest rates, loan terms, property condition, possible uses, zoning and other information herein may have been

provided by the seller, landlord or other outside sources and while deemed to be reliable, may be estimated, projected, is subject to change, and/or may be limited in scope, and therefore shall not be relied upon as accurate. Any such information important to the

purchaser, lessee or other parties should be independently confirmed within an applicable due diligence period. Please do not disturb the management, business, tenants or sellers. This offer is subject to prior change or sale without notice.

Page

Executive Summary 2

Table of Contents and Disclaimer 3

Property Details 4

Property Photos 5

Location Maps 6

Aerial Images 7

Demographics 8-9

Traffic Counts 10-11

About The Area 12

Broker Profile 13

You're invited to tune in to the “Commercial Real Estate Show” Saturdays at 10AM EST, on biz1190 in Atlanta, or on line any-where

Page 4: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 4 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Property Overview

6400 Piccadilly Square Dr.

Property Features: Currently operating as an income producing physical fitness facility 360 +/- Feet Frontage on Piccadilly Square Rd Parking Spaces: Approx. 119

Building Amenities: Weight Rooms Olympic Pools Basketball Courts Nursery and Childcare Steam Room and Sauna Racquetball Court Cardio Rooms Spin Rooms Separate Men’s and Women’s Locker Rooms Indoor Tracks Yoga/Pilates Area Group Fitness Area Bar with Seating Area and Current Liquor License

PROPERTY DETAILS

County Mobile

Property Size 22,722

Lot Size 2.49+/- Acres

Year Built 1987

Zoning B-2

Price $1,595,000

Please do not disturb the management, business, tenants or sellers. This Property is available for show-ing by appointment only. All interested parties must be accompanied by the Listing Broker or its respec-tive affiliates.

Page 5: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 5 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Property Photos

Page 6: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 6 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Location Maps

Directions from Downtown Mobile: Head west on US 90 / Government Street until Old Government Street / CR-56; bear right onto that road and then stay to the left to stay on Airport Boulevard / CR-56. Follow this road for 6.3 miles and then turn left onto Piccadilly Square Drive. The property is ahead on the left in 3/10ths of a mile.

Page 7: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 7 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Aerial Images

Subject Property

Page 8: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 8 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Demographics

Page 9: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 9 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Demographics

Page 10: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 10 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Traffic Counts

Page 11: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 11 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Traffic Counts

Page 12: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 12 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

About The Area

Page 13: Sports Complex 6400 Piccadilly Square Dr. Mobile, AL · 6400 Piccadilly Square Dr. Mobile, AL 36609 Table of Contents Any included income, expenses, cap rates, costs, return estimates,

Page 13 of 13 Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Broker Profile

Bull Realty is a commercial real estate brokerage firm providing marketing and acquisition services across the country for institutional and private equity investors, lenders, institutions and users of commercial real estate. The firm is well known for their successful marketing platform and industry leading use of technology. Specific broker teams specialize in retail, office, industrial, apartments, land, medical, hospitality, and special asset

services. Bull Realty provides marketing and other services for 74 lenders and servicers. Google chooses BullRealty.com as the number one website for the most often used search phrase for “Commercial

Real Estate Georgia”. Bull Realty marketing services includes videos of appropriate properties. The firm hosts the Commercial Real Estate Show, a talk radio show which airs at 10AM EST every Saturday on air at

biz1190AM and on-line at www.CommercialRealEstateShow.com.

Please do not disturb the management, business, tenants or sellers. This Property is available for showing by appointment only. All interested parties must be accompanied by the Listing Broker or its respective affiliates.

Perry Hayes has been selling and developing real estate in the Atlanta area for over twenty years as owner of his own

residential construction company. Perry joined Bull Realty to provide his clients a marketing platform proven to maxi-

mize asset value in this economic cycle. Perry uses his experience in land sales and acquisitions, site analysis and devel-

opment skills to add value to his clients’ real estate transactions.

Perry is a member of the National Association of Realtors, the Atlanta Commercial Board of Realtors and is a candidate

for the Certified Commercial Investment Member (CCIM) designation.

Perry received a B.S. Degree from Auburn University. He currently resides in Suwanee with his wife where they spend

much of their free time boating and fishing on Lake Lanier.

Perry Hayes Associate Broker 404.876.1640 x 135 [email protected] Bull Realty, Inc. 50 Glenlake Parkway, Suite 650 Atlanta, GA 30328