Repositioned Asset Following Major Renovation: Current Ownership has spent approximately $2.95MM on renovations at Legacy Commons including new: landscaping, windows, asphalt, fences, sidewalks, roofing, siding, exterior paint, washer/dryers, HVAC system, plumbing, electrical panels and fixtures, water heaters, interior paint and lighting, exterior doors, kitchen cabinets, countertops, toilets, showers, vinyl floorings, and new appliances.
Other Income Opportunity: Current ownership is currently not charging for Water & Sewer, Garbage Collection, and Cable Contracts. New ownership could implement a RUBS system for Water, Sewer, and Garbage and charge for Cable/Internet.
Top Ranked City: The Owensboro MSA was recently ranked the #6 Manufacturing Hub for MSA’s under 150K people. Owensboro is also #16 for Top Cities Where U.S. Manufacturing is Thriving (AdvisorSmith) and #10 in Best Places to Live in KY (Livability).
Development News: The Owensboro MSA has seen various investments recently, including:
Owensboro MSA Major Employers: Owensboro has many major employers, including:
Statewide Tourism Industry Exploding: In 2023, the state of Kentucky saw $301.2 million invested in the tourism industry showing corporations are willing infuse money into an ever-growing economy, including:
Fast Growing Economy: In 2022, Kentucky had 248 job announcements with over $10.5 billion invested and over 18,000 jobs created. Additionally, since Governor Beshear took office, the state has seen $26.8 billion in investments.
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 ("Legacy Commons") located in Owensboro, Kentucky.
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 Owensboro, Kentucky and known as Legacy Commons (“Property”).
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows: