Page 11 - I-78-Logistics-Park-OM-v4a

EXECUTIVE SUMMARY | LOCATION HIGHLIGHTS | FINANCIAL ANALYSIS | MARKET SURVEY 11

MECHANICAL CONSTRUCTION

Wiring Copper Foundation Concrete Slab
HVAC Central Heat & Air Framing Wood Truss
All Electric Interior Walls Drywall
Plumbing PVC Ceiling Drywall
Exterior Hardy and Brick
UTILITIES Parking Surface (Frame Construction)
Asphalt
Water City of Conway Roof Shingle
Phone Horry Telephone
Cooperative
Electric Santee Cooper
Gas N/A

UNIT MIX & RENTAL SUMMARY

Total Market Gross Average Average Gross
Unit Square Square Rent/Unit/ Potential Rent/Unit/ Rent/SF/ Scheduled
Count Feet Feet Month Rents Month Month Rents
One bedroom, one bath 3 735 2,205 $775 $27,900 $775 $1.05 $27,900
Two bedroom, two-bathroom 47 1,109 52,123 $975 $549,900 $928 $0.84 $523,392
50 1,087 54,328 $963 $577,800 $919 $0.85 $551,292

$1,200 60%
Average vs. Market Rents Two Bedroom Rent Distribution
Bars Represent Market Rent, Lines Represent Market Rent is $975; only 5 units meet or exceed Market Rent.
$1,000
Average Rent 50%
$800
40%

$600
30%
$400
20%
$200
10%
$0
One bedroom, one bath Two bedroom, two- 0%
bathroom
$600 $875 $900 $950 $1,000