HENLEY
Our Commitment Is To Help Our Clients Create And Preserve Wealth By Providing Them With The Best Real Estate Investment Sales, Financing, Research And Advisory Services Available
Troy, Ohio
LEAD AGENTS
Jordan Dickman
First Vice President Investments
Cincinnati Office
D. 513.878.7735
jordan.dickman@marcusmillichap.com
Nick Andrews
First Vice President Investments
Cincinnati Office
D. 513.878.7741
nicholas.andrews@marcusmillichap.com
Austin Sum
Senior Associate
Cincinnati Office
D. 513.878.7747
austin.sum@marcusmillichap.com
$43.6B $10.1B 7,546 1,076
For more than 50 years, Marcus & Millichap has worked tirelessly to help our clients create and preserve wealth through commercial real estate investment sales as well as debt and equity advisory. Since our founding in 1971, we have grown to more than 80 offices throughout the United States and Canada, including twelve offices here in the Midwest. We also assembled the industry’s largest and most qualified team of specialists to help provide real estate solutions that match your unique investment needs. Connect with an advisor today. We
YOUR TEAM CORPORATE SUPPORT
Jordan Dickman
First Vice Presidents Director, Nmhg
Nick Andrews
First Vice Presidents Director, Nmhg
Austin Sum
Senior Investment Associate
Austin Hall
Investment Associate
Alden Simms
Investment Associate
Liz Popp Midwest Operations Manager
Josh Caruana Vice President Regional Manager
Indianapolis | Cincinnati | Louisville | St Louis | Kansas City
Peter Stanley National Director
National Multi Housing Group
Michael Glass
Senior Vice President
Midwest Division Manager
National Director, Manufactured Home Communities Group
BROKER SUPPORT OUR LOCATION
Sam Petrosino
Valuation & Research
Brett Martin
Internal Accountant
Brittany Campbell-Koch
Director of Operations
Alex Papa
Marketing Coordinator
11,600
PROPERTY DETAILS
Property Address: 1415 & 1425 Henley Road
City, State: Troy, Ohio
Submarket: Troy County: Miami
Year Built/Reno: 1967
Property Type: Market Rate
HVAC: Through Wall A/C | Electric Baseboard Heat Roof: Pitched Shingle Number
25 MINS (22 MI) TO DAYTON
EXTERIOR UPGRADES
Removed & replaced landscaping
Entire exterior freshly painted with modern color scheme
Improved exterior lighting
Replaced all back steps and decking, stained.
Repaired exterior drainage
Secured and painted front railings
COMMON
2 BED
MECHANICAL UPGRADES
2 bed units: Replaced 3 furnaces for
7 of 8 now newer. Replaced 2 hot water heaters
2 BED
KITCHEN UPGRADES
Re-arranged kitchen layout, freshly painted cabinets, painted walls, added washer/dryer, new countertops, new sink, new fridge and stove
LIVINGROOM & BEDROOM UPGRADES
Freshly painted modern color scheme, gray paint, white trim. New carpet and doors as appropriate. Updated alarms, blinds, etc.
RENNOVATED 2 BED
BATHROOM UPGRADES
Freshly painted, new tub surrounds, lighting, medicine cabinet, vanity, toilet, vinyl plank flooring
STUDIO
KITCHEN UPGRADES
New countertop and sink. New fridge, stove and hood as appropriate. Freshly painted cabinets when appropriate
STUDIO
BATHROOM UPGRADES
New tub surround, plumbing fixtures, lighting, mirror, vanity, toilet, vinyl plank flooring
LIVING SPACE UPGRADES
New vinyl plank flooring, freshly painted, new ceiling fan, updated alarms, blinds, etc
The Flats of Troy | $730 1331 Trade Square | $
Terrace Ridge Apts | $547 Pleasant Village | $ Subject Effective
RENT MATRIX | TWO BEDROOM
The Flats of Troy
$1,080
Bunker Hill
UNIT MIX BREAKDOWN
Studio
Two Bedroom
INCOME & EXPENSES
UNDERWRITING NOTES
NOTE
1 Replacement & Reserves: added based on market norm of $300 per unit per year
2 Other Income: Included Utility & Washer/Dryer Income
3 EGI: Rental income and other income categories are all consolidated into a combined number on trailing P&L
4 Utilities: Includes Water/Sewer & Trash for whole property and common electric
5 Contract Services: Includes Pest Control, Landscaping/Grounds, Snow. Broken out starting 'Year 1'
6 Added based on market norms
7 G&A: Includes 'Prof/Admin/Marketing' & 'Office/Leasing/Mgt Expense'
CASH FLOW
RATES & SPREADS AS OF AUGUST 14TH
Companies
Freddie Mac - Conventional
“* Rate buy downs available on deal by deal basis. Rates are general in nature and are for informational use only. Rates are subject to change at any time and the information provided is not a commitment to lend. For specific quotes based on your property, contact a local Northmarq office. Commercial Real Estate Debt + Equity Investment Sales Loan Servicing Fund Management”
Freddie Mae - Conventional
