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 AGREEMENT (“Agreement”) is made and agreed to by The Kirkland Company (“Broker”), exclusive listing broker for the Property, and (“Buyer”) regarding the sale of the property known as the 500 Fifth (“Property”) located in Nashville, TN. The obligation of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owner.
BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. The Owner of the property has instructed Broker to deliver information concerning the Property, much of which is highly confidential, only to those potential purchasers who sign this Agreement. To receive an Offering Memorandum (“Offering Memorandum”) please read, sign and return this Confidentiality Agreement to Broker. 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 Buyers 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 Seller and therefore are subject to variation.
THEREFORE, THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows: