Untouched Value-Add Opportunity
Creekside has all original interiors from when the property was developed. New ownership will have the opportunity to add value to the property by updating the interiors, such as new flooring, countertops, appliances or painted cabinets.
Well Below Replacement Cost
New ownership will be able to acquire a newer vintage asset well below replacement cost.
Rent Growth Potential
Submarket rents are anticipated to grow by 3.6% in 2021, 6.1% in 2022, and 4.0% in 2023, according to CoStar projections.
Proximity to Sylacauga Demand Drivers
Creekside provides convenient access to nearby demand drivers, including:
Flourishing Manufacturing Sector
Sylacauga and Talladega County boast a strong and diversified industrial base built on the area’s proximity to transportation routes, raw materials, and available workforce. The Talladega-Sylacauga Micropolitan Statistical Area has been ranked the best micropolitan in the US for manufacturing jobs in the past and has historically been a leading sector in the area
Access to Talladega County Major Employers
Tenants have access to the largest employers in the county, including:
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by you ("Prospective Buyer") for the benefit of THE KIRKLAND COMPANY ("Broker"), with respect to certain real property ("Creekside") located in Sylacauga, Alabama.
BACKGROUND:
1 The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyer may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and therefore are subject to variation.
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows:
By submitting this form, you have acknowledged, read, and agreed to this above Confidentiality and Brokerage Agreement.
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by and between THE KIRKLAND COMPANY ("Broker"), and "Prospective Buyer" with respect to the sale of certain real property located in Sylacauga, Alabama and known as Creekside (“Property”).
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows: