Bridgeport, Wv
MEADOWCREEK
SUBMITTED BY:
LEADAGENTS
Nicholas Andrews
First Vice President Investments
Cincinnati Office
D. 513.878.7741
nicholas.andrews@marcusmillichap.com
Jordan Dickman
First Vice President Investments Cincinnati Office
D. 513.878.7735
jordan.dickman@marcusmillichap.com
Austin Sum
Senior Associate
Cincinnati Office
D. 513.878.7747
austin.sum@marcusmillichap.com
NON-ENDORSEMENT & DISCLAIMER NOTICE
CONFIDENTIALITY DISCLAIMER
THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
NON-ENDORSEMENT NOTICE
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
30 | BRIDGEPORT WV 01 02 03 04 05 38 | LOCAL MARKET HIGHLIGHTS 48 | FINANCIAL BREAKDOWN 20 | LOCAL COMPETITORS 06 | MEADOW CREEK CONTENTS BROKER CAPABILITIES & OPINION OF VALUE
CALABASAS, CALIFORNIA | HQ 2,500 | EMPLOYEES 80+ | OFFICES
UNRIVALED SUCCESS IN THE MIDWEST Nick Andrews First Vice President Investments Director, NMHG Jordan Dickman First Vice President Investments Director, NMHG OPERATIONS Brittany Campbell-Koch Director of Operations Liz Popp Midwest Operations Manager John Sebree Senior Vice President National Director National Multi Housing Group Michael Glass Senior Vice President Midwest Division Manager National Director, Manufactured Home Communities Group Josh Caruana Vice President Regional Manager Indianapolis | Cincinnati | Louisville St Louis | Kansas City Austin Sum Senior Investment Associate JD Schmerge Investment Associate Brian Johnston Investment Associate INVESTMENT ADVISORS Tim VanWingerden Investment Associate DEBT & STRUCTURED FINANCE Chris Litzler Senior Director of Organization MMCC Sam Petrosino Financial & Research Analyst VALUATION & RESEARCH Skyler Wilson Client Relations Manager CLIENT RELATIONS Alex Papa Marketing Coordinator Kristin Smith Marketing MARKETING Austin Hall Investment Associate
MEADOWCREEK 01
SECTION
MEADOWCREEK
256 2017
285k 12% 98% UNITS YEAR BUILT TOTAL SQUARE FEET FURNISHED UNITS CURRENT OCCUPANCY
Bridgeport, Wv
MEADOWCREEK
SUNSET DRIVE-IN THEATER
DAVE’S FAMOUS T & L HOT DOGS
MEADOWBROOK MALL
* MEADOW CREEK *
UNITED HOSPITAL CENTER
NEWPORT MEMORIAL HOSPITAL
UNITED HOSPITAL CENTER
LOUIS A JOHNSON VA MEDICAL CENTER
WONDERBAR STEAK HOUSE
EASTPOINTE SHOPPING CENTER
WHITE OAKS RETAIL VILLAGE
SEE PAGE 18-19 FOR FLOOR PLAN DETAILS*
FLOOR PLAN SQFT # OF EACH BAILEY 1966 4 HERITAGE 1200 81 HERITAGE (F) 1200 16 JAXSON 845 56 JAXSON (F) 845 6 MOLLY 1554 29 MOLLY (F) 1554 5 NEST 747 48 NEST (F) 747 4 MEADOW CREEK 2400 7
Common Amenities Include:
• FIRE PIT
• PLAYGROUND
• HEATED POOL
• COMMUNITY CLUBHOUSE
• DOG PARK
• GAZEBO
• COMMUNITY ROOM
• 24 HOUR FITNESS CENTER
• FITNESS ROOM
Apartment Amenities Include:
• High Speed Internet
• Hardwood Floors
• Dishwasher
• Eat-In Kitchen
• Cable Ready
• Disposal
1 Bed | 1 Bath | 747 SF 1 Bed | 1 Bath | 845 SF
the NEST the JAXSON
MOLLY 2 Bed | 2 Bath | 1200
3 Bed | 2.5 Bath | 1554 SF
the HERITAGE the
SF
SECTION LOCAL 02
LOCAL COMPETITORS
LOCAL COMPETITORS
BLACK BEAR VILLAGE
700 LODGEVILLE RD
WHISPER CREEK APTS
Address 380 Richard Harrison Morgantown , WV Units 250 Year Built 2019 Occupancy 91.9% SF Rent One Bedroom 716 $1,444 Two Bedroom 935 $1,683
1 2 3 Address 700 Lodgeville Rd Bridgeport , WV Units N/A Year Built N/A Occupancy N/A SF Rent Two Bedroom 1300 $1,250 Address 2019 Whisper Creek Dr Clarksburg, WV Units 88 Year Built 2015 Occupancy 100% SF Rent One Bedroom 877 $1,375 Two Bedroom 1348 $1,873
LOCAL COMPETITORS
135 N 6TH STREET
APTS 4 5 6 Address 111 Lira Ln Morgantown , WV Units 80 Year Built 2022 Occupancy 98% SF Rent One Bedroom 1000 $1,000 Two Bedroom 1348 $1,300 Address 135 North 6th Street Morgantown, WV Units N/A Year Built N/A Occupancy N/A SF Rent Two Bedroom 900 $1,200 Address 522 Blackstone Drive Clarksburg, WV Units 76 Year Built 2008 Occupancy 95.4% SF Rent Two Bedroom 1696 $1,533 Three Bedroom 2524 $1,683
GRAYCLIFF TOWNHOMES
AVALON LUXURY
LOCAL COMPETITORS - ONE BEDROOM
One Bedroom Property Year Built SF Market Rent Net Rent/SF Avg Rent/SF Black Bear Village 2019 250 716 $1,444 $2.02 Whisper Creek Apartments 2015 88 877 $1,377 $1.57 Subject Pro Forma 2017 256 800 $1,125 $1.41 Subject Average Effective 2017 256 800 $1,000 $1.25 Avalon Luxury Apartments 2022 80 1000 $1,374 $1.37
LOCAL COMPETITORS - TWO BEDROOM
Two Bedroom Property Year Built SF Market Rent Net Rent/SF Avg Rent/SF Whisper Creek Apartments 2015 88 1348 $1,876 $1.39 Black Bear Village 2019 250 935 $1,683 $1.80 Graycliff Townhomes 2008 76 1696 $1,565 $0.92 Subject Pro Forma 2017 256 1200 $1,350 $1.13 Avalon Luxury Apartments 2022 80 1348 $1,297 $0.96 700 Lodgeville Rd Year Built 0 1300 $1,250 $0.96 Subject Average Effective 2017 256 1200 $1,219 $1.02
LOCAL COMPETITORS - THREE BEDROOM
Three Bedroom Property Year Built SF Market Rent Net Rent/SF Avg Rent/SF Whisper Creek Apartments 2015 88 2112 $2,028 $0.96 Subject Pro Forma 2017 256 1722 $1,895 $1.10 Avalon Luxury Apartments 2022 80 1700 $1,803 $1.06 Subject Average Effective 2017 256 1722 $1,767 $1.03 Graycliff Townhomes 2008 76 2524 $1,727 $0.68
BRIDGEPORT 03
SECTION
BRIDGEPORT WV
Bridgeport
$84,382 Median HH Income
4.61% 1 Year Growth
$41,998
Average Income
4.44k Bridgeport Employees
$222,800 Median Home Value
FBI CENTER
MEADOWBROOK MALL
BRIDGEPORT COUNTRY CLUB
* MEADOW CREEK * BRIDGEPORT
OVERALL NICHE GRADE
A- PUBLIC SCHOOL
A- HOUSING
A- GOOD FOR FAMILIES
B- NIGHTLIFE
B- CRIME & SAFETY
BRIDGE SPORTS COMPLEX BRIDGEPORT A
Location
“USA Today ranked Bridgeport, West Virginia, as one of the 50 best cities to live in.
Bridgeport was ranked at number 16 in the report.
USA Today says they use statistics from the U.S. Census Bureau, the FBI and other sources to identify the best cities to live in.
According to the report, about 50 percent of adult 25 and older have graduated from college, the median household income is around $82,000 a year and goods and services are about 15 percent less expensive than they are nationwide. The economy of Bridgeport, WV employs 4.44k people. The largest industries in Bridgeport, WV are Health Care & Social Assistance (875 people), Educational Services (691 people), and Public Administration (575 people), and the highest paying industries are Agriculture, Forestry, Fishing & Hunting, & Mining ($128,382), Mining, Quarrying, & Oil & Gas Extraction ($101,250), and Manufacturing ($82,438).”
RECREATION COMPLEX
MEADOWCREEK BRIDGEPORT COUNTRY CLUB
CLARKSBURG
BRIDGEPORT
Bridgeport Clarksburg MSA Morgantown MSA Parkersburg Wheeling Charleston WV Distance from Bridgeport 0 4.6 miles 36 miles 77 Miles 97 miles 123 Miles Population 8,556 93,500 139,157 30,021 27,100 257,814 Median Age 45.4 42.8 34.2 41.9 44.2 43.1 Poverty Rate 4.3% 15.6% 19.5% 25.2% 13.8% 18.5% Median Household Income $84,382.00 $51,552.00 $52,332.00 $35,778.00 $44,119.00 $47,500.00 Median Poperty Value $222,800.00 $116,200.00 $170,600.00 $91,100.00 $110,100.00 $105,200.00
MORGANTOWN
Local Sold Homes
SOLD AT 308K
SOLD AT 306K
SOLD AT 299K
* MEADOW CREEK *
LOCAL MARKET 04
SECTION
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Bridgeport Country Club
is the place to be for you and your family! New modernized greens within a very well-maintained golf course that is always green and challenging. A large, gorgeous pool that offers stone water features, six full 25-meter lanes for our swim team, diving board, a slide, kiddie pool with water fountain and more...
Meadow Creek Mall
Meadowbrook Mall is a regional shopping mall in Bridgeport, West Virginia. It was built in late 1982 by the Cafaro Company of Youngstown, Ohio. The original architecture and engineering was done by the Keeva J. Kekst company. The mall includes two department stores, JCPenney and Target. Former anchors include Elder-Beerman, Ames, Murphy’s Mart, Stone & Thomas, The Bon-Ton, Sears, and Montgomery Ward. Marshalls was added in 2008. ULTA Beauty opened here in 2015. The mall has a gross leasable area of 849,206 square feet and 109 stores, classifying it as super-regional according to the International Council of Shopping Centers.
Bridgeport Sports Complex
Our indoor turf field contains nearly 3,500 square feet of playing field for year-round sports. Two retractable batting cages complete with pitching machines are located on the indoor turf for batting practice. Our turf, which can be split in half or into quadrants, contains field markings for soccer, football, lacrosse, and baseball with a digital scoreboard. The indoor turf is utilized by leagues, camps, and tournaments, and is available for rentals.
The Bridge features two state of the art swimming pools: a 25-meter by 25-yard competition pool and a 25-yard recreational warmup pool. Bleachers for spectating are located inside the pool area, and concessions are located nearby. Members of The Bridge can access the pools during designated lap swimming hours or recreational family open swim hours.
The fieldhouse features basketball, volleyball, and pickleball configurations. Other amenities include scoreboards, seating for spectators, and curtains to divide each court for multiple teams, individuals, or sports to play at one time. It is ideal for tournaments, practices, leagues, or a quick pickup game.
Worthington Village at Charles Pointe
New Homes in Bridgeport, Harrison County, WV. Welcome home to Bridgeport’s premier master-planned community - Charles Pointe. What began as a vision is now coming to life where “an unwavering commitment to high standards and abiding respect for the history, traditions and basic values of the Mountain State” are central to this fabulous community’s foundation. Charles Pointe truly offers a live, work, play lifestyle- combining commercial, residential, and recreational opportunities in one community. This amenity rich community offers a recreation complex, restaurants, walking trails and parks within walking distance. Worthington Village at Charles Pointe offers single-family homes- designed with you in mind at a value you can get excited about.
Features • 3- 4 Beds • 2 - 2.5 Baths • 2 Car Garage • 1,784-2,860 SF • Starting price ranges from: $409,990-$453,990
DESIRABLE TALENT PIPELINE WITH IMPRESSIVE EMPLOYERS
West Virginia University (WVU) is a public landgrant univer-sity with a main campus enrollment of 28,400 students. WVU is the driving economic force behind Morgantown and has an operating budget of approximately $980 million, with $150 mil-lion annually in sponsored contracts and research grants. The downtown area is connected to the university by the Morgan-town Personal Rapid Transit (WVU PRT). The school offers 341 majors at bachelor’s, master’s, and doctoral and professional levels and has more than 200,000 alumni.
29,933 WVU STUDENTS THE DRIVING ECONOMIC FORCE BEHIND
MORGANTOWN
SNAPSHOT
18,000 EMPLOYEES 7,654 EMPLOYEES 1,200 EMPLOYEES 750 EMPLOYEES 600 EMPLOYEES 536 EMPLOYEES 343 EMPLOYEES 320 EMPLOYEES
FINANCIAL 05
SECTION
FINANCIAL BREAKDOWN
Meadowcreek UNIT MIX SUMMARY
UNITS
ONE BEDROOM TWO BEDROOM THREE BEDROOM 98% OCCUPIED
AVERAGE EFFECTIVE MARKET PROJECTED UNIT TYPE NO. OF UNITS TENTABLE SF TOTAL SF RENT/UNIT RENT/SF TOTAL RENT POTENTIAL RENT/UNIT RENT/SF TOTAL RENT POTENTIAL RENT/UNIT RENT/SF TOTAL RENT POTENTIAL SUMMARY One Bedroom 114 Units 800 SF 91,234 SF $1,093.35 $1.37 $124,642 $1,123.68 $1.40 SF $128,100 $1,163.60 $1.45 SF $132,650 Two Bedroom 97 Units 1,200 SF 116,400 SF $1,434.18 $1.20 $139,116 $1,456.19 $1.21 SF $141,250 $1,520.36 $1.27 SF $147,475 Three Bedroom 45 Units 1,722 SF 77,500 SF $1,888.24 $1.10 $84,971 $1,947.78 $1.13 SF $87,650 $2,017.89 $1.17 SF $90,805 Totals / Wtd. Averages 256 Units 1,114 SF 285,134 SF $1,362.22 $1.22 SF $348,728 $1,394.53 $1.25 SF $357,000 $1,448.95 $1.30 SF $370,930
256
$1,093 $1,163 $1,434 $1,520 $1,888 $2,017 AVG. EFFECTIVE PRO FORMA
1 BED 2 BED 3 BED
Meadowcreek UNIX MIX BREAKDOWN
AVERAGE EFFECTIVE MARKET PROJECTED UNIT TYPE NO. OF UNITS TENTABLE SF TOTAL SF RENT/UNIT RENT/SF TOTAL RENT POTENTIAL RENT/UNIT RENT/SF TOTAL RENT POTENTIAL RENT/UNIT RENT/SF TOTAL RENT POTENTIAL ONE BEDROOM 1BR/1BA - Jaxson 56 Units 845 SF 47,320 SF $1,058.41 $1.25 SF $59,271 $1,100.00 $1.30 SF $61,600 $1,120.00 $1.33 SF $62,720 1BR/1BA - Jaxson - Furnished 6 Units 845 SF 5,070 SF $1,970.00 $2.33 SF $11,820 $1,970.00 $2.33 SF $11,820 $2,025.00 $2.40 SF $12,150 1BR/1BA - Nest 48 Units 747 SF 35,856 SF $951.48 $1.27 SF $45,671 $975.00 $1.31 SF $46,800 $1,035.00 $1.39 SF $49,680 1BR/1BA - Nest - Furnished 4 Units 747 SF 2,988 SF $1,970.00 $2.64 SF $7,880 $1,970.00 $2.64 SF $7,880 $2,025.00 $2.71 SF $8,100 Totals / Wtd. Averages 114 Units 800 SF 91,234 SF $1,093.35 $1.37 SF $124,642 $1,123.68 $1.40 SF $128,100 $1,163.60 $1.45 SF $132,650 TWO BEDROOM 2BR/2BA - Heritage 81 Units 1,200 SF 97,200 SF $1,223.65 $1.02 SF $99,116 $1,250.00 $1.04 SF $101,250 $1,315.00 $1.10 SF $106,515 2BR/2BA - Heritage - Furnished 16 Units 1,200 SF 19,200 SF $2,500.00 $2.08 SF $40,000 $2,500.00 $2.08 SF $40,000 $2,560.00 $2.13 SF $40,960 Totals / Wtd. Averages 97 Units 1,200 SF 116,400 SF $1,434.18 $1.20 SF $139,116 $1,456.19 $1.21 SF $141,250 $1,520.36 $1.27 SF $147,475 THREE BEDROOM 3BR/2.5BA - Bailey 4 Units 1,966 SF 7,864 SF $1,883.25 $0.96 SF $7,533 $2,000.00 $1.02 SF $8,000 $2,065.00 $1.05 SF $8,260 3BR/2.5BA - Molly 29 Units 1,554 SF 45,066 SF $1,653.03 $1.06 SF $47,938 $1,650.00 $1.06 SF $47,850 $1,725.00 $1.11 SF $50,025 3BR/2.5BA - Molly - Furnished 5 Units 1,554 SF 7,770 SF $2,875.00 $1.85 SF $14,375 $3,000.00 $1.93 SF $15,000 $3,060.00 $1.97 SF $15,300 3BR/3.5BA - Meadow Creek 7 Units 2,400 SF 16,800 SF $2,160.71 $0.90 SF $15,125 $2,400.00 $1.00 SF $16,800 $2,460.00 $1.03 SF $17,220 Totals / Wtd. Averages 45 Units 1,722 SF 77,500 SF $1,888.24 $1.10 SF $84,971 $1,947.78 $1.13 SF $87,650 $2,017.89 $1.17 SF $90,805
CURRENT YEAR 1 GROSS POTENTIAL RENT % of GPR Per Unit % of GPR Per Unit All Units at Market Rent $4,217,477 T3 16,475 $4,451,160 17,387 Gain (Loss) to Lease ($103,695) T3 2.46% (405) ($89,023) 2.00% (348) GROSS SCHEDULED RENT $4,113,782 16,069 $4,362,137 17,040 Other Income HOA Income from Condos $26,496 T3 Note 2 0.64% 104 $27,291 0.63% 107 Entertainment Fee Incom $229,483 T3 5.58% 896 $236,367 5.42% 923 NES Income $61,350 T3 1.49% 240 $63,191 1.45% 247 Pet Fee Income $57,576 T3 1.40% 225 $59,304 1.36% 232 Laundry/Vending Income $27,610 T3 0.67% 108 $28,439 0.65% 111 Forfieted SD Income $24,400 T3 0.59% 95 $24,400 0.56% 95 Trash Income $18,841 T3 0.46% 74 $19,407 0.44% 76 Damage Fee Income $11,900 T3 0.29% 46 $12,257 0.28% 48 Application Fee Income $6,420 T3 0.16% 25 $6,613 0.15% 26 Late Fees Income $2,600 T3 0.06% 10 $2,678 0.06% 10 Credit Builder Income $2,013 T3 0.05% 8 $2,073 0.05% 8 Storage Unit Income $1,842 T3 0.04% 7 $1,897 0.04% 7 Bad Debt Recovery Income $1,337 T3 0.03% 5 $1,378 0.03% 5 NSF Check Fees Income $548 T3 0.01% 2 $564 0.01% 2 Total Other Income $472,857 11.49% 1,847 $486,311 11.15% 1,900 GROSS POTENTIAL INCOME $4,586,639 17,917 $4,848,448 18,939 Physical Vacancy ($148,879) T3 3.62% (582) ($218,107) 5.00% (852) Bad Debt ($8,572) T3 Note 3 0.21% (33) ($21,811) 0.50% (85) EFFECTIVE GROSS INCOME $4,429,188 93.71% 17,302 $4,608,530 92.50% 18,002 NON-CONTROLLABLE Real Estate Taxes % of EGI Per Unit % of EGI Per Unit 2020 Taxes Paid $462,809 Auditor 10.45% 1,808 $462,809 10.04% 1,808 Total Real Estate Taxes $462,809 10.45% 1,808 $462,809 10.04% 1,808 Insurance $75,139 T12 1.70% 294 $76,800 1.67% 300 Utilities Electric $22,090 T12 Note 4 0.50% 86 $22,532 0.49% 88 Gas $2,518 T12 Note 5 0.06% 10 $2,568 0.06% 10 Water & Sewage $59,009 T12 Note 6 1.33% 231 $60,189 1.31% 235 Trash Removal $45,243 T12 1.02% 177 $46,148 1.00% 180 Utilities $99,154 T12 2.24% 387 $101,137 2.19% 395 Total Utilities $228,013 5.15% 891 $232,573 5.05% 908 Total Non-Controllable $765,961 17.29% 2,992 $772,182 16.76% 3,016 CONTROLLABLE Contract Services Security Expense $1,569 T12 Note 7 0.04% 6 $2,560 0.06% 10 Snow Removal $13,166 T12 Note 8 0.30% 51 $12,800 0.28% 50 Landscaping/Grounds $15,304 T12 Note 9 0.35% 60 $25,600 0.56% 100 Pest Control $5,748 T12 0.13% 22 $6,400 0.14% 25 Pool $3,689 T12 Note 10 0.08% 14 $3,840 0.08% 15 Total Contract Services $39,476 0.89% 154 $51,200 1.11% 200 Repairs & Maintenance $183,185 T12 Note 11 4.14% 716 $153,600 3.33% 600 Marketing & Promotion $19,443 T12 0.44% 76 $19,200 0.42% 75 On-Site Payroll $383,247 T12 Note 12 8.65% 1,497 $256,000 5.55% 1,000 Payroll Taxes & Benefits $0 0.00% 0 $25,600 0.56% 100 General & Administrative $46,924 T12 Note 13 1.06% 183 $38,400 0.83% 150 Management Fee $95,152 T12 2.15% 372 $138,256 3.00% 540 Telephone & Cable $220,748 T12 4.98% 862 $224,000 4.86% 875 Replacement & Reserves $65,280 Note 1 1.47% 255 $66,586 1.44% 260 Total Controllable $1,053,455 23.78% 4,115 $972,842 21.11% 3,800 TOTAL EXPENSES $1,819,416 41.08% 7,107 $1,745,024 37.87% 6,816 NET OPERATING INCOME $2,609,772 58.92% 10,194 $2,863,506 62.13% 11,186 INCOME EXPENSE Meadowcreek INCOME & EXPENSES
# NOTE
1 Replacement & Reserves: added based on market norm of $255 per unit per year
2 HOA Income is $2,208 per month from neighboring Condos for use of the Pool clubhouse ETC..
3 Bad Debt: Expensed as 'Lost Rents' on T12
4 Electric: $7,560.80 added from MCM P&L
5 Gas: $2,386.87 added from MCM P&L
6 Water: $18,273.09 added from MCM P&L
7 Security: $1,441.60 added from MCM P&L
8 Snow: $13,166.39 added from MCM P&L
9 Landscaping/Grounds: $14,176.00 added from MCM P&L
10 Pool: $3,688.63 added from MCM P&L
11 Repairs/Maint: $2,308.99 added from MCM P&L
12 Payroll: $161,266 added from MCM P&L
13 General & Admin: $1,184.12 added from MCM P&L
14 West Virgina Taxes: Assessed at replacement costs per WV Tax Code
YEAR 2 YEAR 3 % of GPR Per Unit % of GPR Per Unit $4,584,695 17,909 $4,722,236 18,446 ($91,694) 2.00% (358) ($94,445) 2.00% (369) $4,493,001 17,551 $4,627,791 18,077 $28,110 0.63% 110 $28,953 0.63% 113 $243,458 5.42% 951 $250,762 5.42% 980 $65,087 1.45% 254 $67,039 1.45% 262 $61,083 1.36% 239 $62,915 1.36% 246 $29,292 0.65% 114 $30,171 0.65% 118 $24,400 0.54% 95 $24,400 0.53% 95 $19,989 0.44% 78 $20,588 0.44% 80 $12,625 0.28% 49 $13,003 0.28% 51 $6,811 0.15% 27 $7,015 0.15% 27 $2,758 0.06% 11 $2,841 0.06% 11 $2,135 0.05% 8 $2,199 0.05% 9 $1,954 0.04% 8 $2,013 0.04% 8 $1,419 0.03% 6 $1,462 0.03% 6 $564 0.01% 2 $564 0.01% 2 $500,138 11.13% 1,954 $514,379 11.12% 2,009 $4,993,139 19,504 $5,142,170 20,087 ($224,650) 5.00% (878) ($231,390) 5.00% (904) ($22,465) 0.50% (88) ($23,139) 0.50% (90) $4,746,024 92.50% 18,539 $4,887,642 92.50% 19,092 % of EGI Per Unit % of EGI Per Unit $462,809 9.75% 1,808 $462,809 9.75% 1,808 $462,809 9.75% 1,808 $462,809 9.75% 1,808 $78,336 1.65% 306 $79,903 1.68% 312 $22,982 0.48% 90 $23,442 0.49% 92 $2,619 0.06% 10 $2,672 0.06% 10 $61,393 1.29% 240 $62,621 1.32% 245 $47,070 0.99% 184 $48,012 1.01% 188 $103,159 2.17% 403 $105,223 2.22% 411 $237,224 5.00% 927 $241,969 5.10% 945 $778,370 16.40% 3,041 $784,681 16.53% 3,065 $2,611 0.06% 10 $2,663 0.06% 10 $13,056 0.28% 51 $13,317 0.28% 52 $26,112 0.55% 102 $26,634 0.56% 104 $6,528 0.14% 26 $6,659 0.14% 26 $3,917 0.08% 15 $3,995 0.08% 16 $52,224 1.10% 204 $53,268 1.12% 208 $156,672 3.30% 612 $159,805 3.37% 624 $19,584 0.41% 77 $19,976 0.42% 78 $261,120 5.50% 1,020 $266,342 5.61% 1,040 $26,112 0.55% 102 $26,634 0.56% 104 $39,168 0.83% 153 $39,951 0.84% 156 $142,381 3.00% 556 $146,629 3.00% 556 $228,480 4.81% 893 $233,050 4.91% 910 $67,917 1.43% 265 $69,276 1.46% 271 $993,658 20.94% 3,881 $1,014,932 21.30% 3,948 $1,772,028 37.34% 6,922 $1,799,613 37.92% 7,030 $2,973,996 62.66% 11,617 $3,088,029 65.07% 12,063
UNDERWRITING NOTES
Bridgeport, Wv
MEADOWCREEK
visit adgmultifamily.com to learn more.