Well Maintained Asset: Both properties have been well maintained by the current owner, including:
Rent Growth Opportunity: Costar projects submarket rent growth to be 6.3% in 2022, 5.2% in 2023, and 3.4% in 2024. New ownership will have the opportunity to capitalize on this opportunity to potentially increase NOI.
Convenient Location Within Jasper: Both properties allow tenants quick access to major demand drivers, including:
Walker County Expansion: Multiple companies have had major job announcements throughout Walker County, contributing to the growth of the county, including:
Proximity to Walker County Employers: The properties give tenants quick access to Walker County’s largest employers, including:
Proximity to Birmingham: Tenants are less than 40 minutes from Birmingham, AL, which provides over 210,000+ jobs within a 5 mile radius of downtown.
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 ("Jasper Portfolio") located in Jasper, 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 Jasper, Alabama and known as Jasper Portfolio (“Property”).
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows: