presents 5080 Meridian Street Pre-Construction Appraisal performed March 2009 $1,650,000.00.

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Presentation transcript:

presents

5080 Meridian Street

Pre-Construction Appraisal performed March 2009 $1,650,000.00

Appraisal performed after Opening in August 2010 $1,820,000.00

Appraisal performed for Worthington Federal Bank in April 2014 $1,250,000.00

Offered at

15,590 square feet Of steel-frame construction with a Dryvit and brick exterior and a metal roof 1,640 foot portico at the front of the building, concrete paved drives, concrete walks and two gazebos at the rear

The Interior contains: Reception Area with an Office Secretary’s Office Showroom Rental Room (with Mechanical closet) Conference Room “Bride’s” Room (with two-fixture restroom) “Groom’s” Room Chapel Ballroom (with small area for music and disc jockey setup Catering Room Powder Room Laundry Room

Delivery area with loading dock Kitchen (with two 3-bay commercial sinks, one hand sink and a mop sink) Women’s restroom, handicap-accessible with 9 fixtures Men’s restroom, handicap accessible Storage closets 2 water fountains

The entire building is sprinkled Fire extinguishers have been inspected Exit signs are placed appropriately throughout Ceilings are 14’

Light Industry District

Clear, Zone X (Panel 01089C0187D, April 20, 1998

Approximately ACRES

All City services and utilities are available to this property. This includes sanitary sewer. Public water, electricity and natural gas. **Note: Electric is 3-phase 4-wire service, multi panels and outlets. There is a 150 KVA 208/120 volt transformer.

$16, annually

Current costs for the Lender with $1,820,000 in coverage are at $1, monthly Some factors which affect this rate are: Occupancy Use Coverage amount Check with your Agent for pricing!

The electricity bills have averaged $1, monthly since November 2012

The water service bills have averaged $ monthly Since November 2012

The Lender has spent $7, on the system since November 2012 For upgrades and repairs. Monthly monitoring is approximately $85.00