221 old hendersonville road - Western North Carolina Commercial
Transcription
221 old hendersonville road - Western North Carolina Commercial
221 OLD HENDERSONVILLE ROAD FLETCHER, NC Exclusively presented by: Jeremy H. Goldstein Executive Managing Director John R. Menkes Executive Managing Director G/M Property Group, LLC 28 North Ann Street Suite 200 PO Box 18723 Asheville, NC 28814 Tel: (828) 281-4024 221 OLD HENDERSONVILLE ROAD FLETCHER, NORTH CAROLINA G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC TABLE OF CONTENTS DISCLOSURES OVERVIEW 1 Executive Summary Investment Summary PHOTOGRAPHS & LOCATION MAPS 2 High-Up Aerial Photograph Close-Up Aerial Photograph Ground-Level Photographs Regional Map Local Maps PROPERTY FUNDAMENTALS 3 Description of Improvements Site Description Zoning Map Flood Zone Map MARKET ANALYSIS 4 Market Summary Regional Economic Profile Residential Growth Summary Comparables Buildings Currently For Sale & Lease Lease Comparables Sold Comparables Land Comparables Demographics ARCHITECTURAL PLANS T1 SP1 A1 A2 A3 A4 A5 A6 5 Title Sheet Specifications Site Plan Exterior Elevations Manufacturing Floor Plan Office Floor Plan Interior Elevations Mech. Platform Plan; Detail; Reflected Ceiling Plan G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC DISCLOSURES DISCLAIMER The Offering Memorandum has been prepared solely for information purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the owner and G/M Property Group, LLC, or its subsidiaries or affiliates (collectively referred to as “the Agents”). Therefore, the Agents make no representations with respect to the information. Any projections and proforma budgets contained herein represent best estimates based on assumptions considered to be reasonable under the circumstances. No representation or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions, and changes in the information and is subject to modification or withdrawal. The information contained in this Offering Memorandum, except such information that is a matter of public record or is provided in sources available to the public, is of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence; that you will not photocopy or duplicate it; that you will not disclose the proposal or any of it contents to any other entity (except to outside advisors retained by you if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without the prior written authorization of the Seller and the Agents; and that you will not use the Offering Memorandum or any of its contents in any fashion or manner detrimental to the interests of the Seller or the Agents. AGENCY DISCLOSURE The Agents are the exclusive agents of the Seller and are obligated to the fiduciary duties of loyalty, confidentiality, obedience, full disclosure, accounting and the ability to use care and diligence in representing the same. REGARDING ENVIRONMENTAL MATTERS All parties to real estate transactions should be aware of the health, liability and economic impact of environmental factors on real estate. The Agents do not conduct investigations or analysis of environmental matters and, accordingly, urges its clients to retain qualified environmental professionals to determine whether hazardous or toxic wastes or substances (such as asbestos, PCBs and other contaminants or petro-chemical products stored in underground tanks) or other undesirable materials or conditions are present at the property and, if so, whether any health danger or other liability exists. Such substances may have been used in the construction or operation of buildings or may be present as a result of previous activities at the property. Depending upon past, current and proposed uses of the property, it may be prudent to retain an environmental expert to conduct a site investigation and/or building inspection. Various federal, state and local authorities have enacted laws and regulations dealing with the use, storage, handling, removal, transport and disposal of toxic or hazardous wastes and substances. If hazardous or toxic substances exist or are contemplated to be used at the property, special governmental approvals or permits may be required. In addition, the cost of removal and disposal of such materials may be substantial. Consequently, legal counsel and technical experts should be consulted where these substances are or may be present. G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC The Agents make no representation and assume no obligation regarding the presence or absence of toxic or hazardous waste or substances or other undesirable materials on or about any property. It is solely the responsibility of the potential purchaser to conduct investigations to determine the presence of such materials. REGARDING CLOSING COSTS Upon closing the sale of the real property, additional costs may be demanded from the purchaser in the form of closing costs. Closing costs include, typically, attorney’s fees, title insurance premiums, other insurance costs, taxes, abstract charges, escrow fees, documentary stamps, recording fees, discount points, survey charges, mortgage transfer or service fees, and/or any other major cost to be paid or assumed by the purchaser. Provisions of the contract of sale may vary allocation of these costs. CONFIDENTIALITY AND CONDITIONS This Offering Memorandum was prepared by the Agents and has been reviewed by the Seller. It contains selected information pertaining to 221 Old Hendersonville Road (the “Property”) and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition, and other factors beyond control and, therefore, are subject to material change or variation. An opportunity to inspect the Property will be made available to qualified prospective purchasers. In the Offering Memorandum, certain documents, including leases and other materials, are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. This Offering Memorandum is subject to prior placement, errors, omissions, changes, or withdrawal without notice and does not constitute a recommendation, endorsement, or advice as to the value of the Property by the Agents or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation, and judgment as to the advisability of purchasing the Property described herein. The Seller and the Agents expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Offering Memorandum, or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and any conditions to Seller’s obligations thereunder have been satisfied or waived. The Agents are not authorized to make any representations or agreements on behalf of Seller. This Offering Memorandum is the property of the Agents and may be used only by parties approved by the Agents. The Property is privately offered and, by accepting this Offering Memorandum, the party in possession hereof agrees (i) to return it to the Agents immediately upon request of the Agents or Seller and (ii) that this Offering Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence; (iii) no portion of the Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of the Agents and Sellers; (iv) to not use this Offering Memorandum or any of its contents in any manner detrimental to the interests of the Agents or Seller. The terms and conditions set forth above apply to this Offering Memorandum in its entirety. G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC OVERVIEW G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC EXECUTIVE SUMMARY THE OFFERING BTD-Asheville, LLC, through G/M Property Group LLC as its exclusive agent, is soliciting offers for the purchase or lease of 221 Old Hendersonville Road, Fletcher, Henderson County, NC (the “Property”). OFFERING TERMS The Seller/Lessor is seeking offers from qualified buyers/tenants to acquire/lease the Property. The Property is available on an “As Is-Where Is” basis subject to a short due diligence period. INVESTMENT HIGHLIGHTS . Opportunity to acquire or lease a modern light industrial facility encompassing ± 22,002 square feet on three (3) acres. Approximately 10% (± 2,202 square feet) is finished Class A office space. . Located in Henderson County less than two (2) miles from Interstate 26 Exit 44, approximately midway between Asheville and Hendersonville. Henderson County is the fastest growing county in WNC. . Easy access to Asheville Regional Airport, City of Asheville and City of Hendersonville. . Ideal warehouse/distribution/manufacturing facility and headquarters to serve Western North Carolina (WNC) and the entire Southeastern United States. . An adjacent undeveloped ± 1.54-acre parcel is available to purchase for $180,000. . There are only eight (8) other industrial facilities between 10,000 – 25,000 square feet that are available to purchase in Buncombe and Henderson counties, with an average asking price of $79 per square foot. The Property is being offered for sale at a price just under $55 per square foot. . Among the eight (8) other industrial facilities between 10,000 – 25,000 square feet that are available to lease in Buncombe and Henderson counties, the average asking lease rate is just over $6.00 per square foot. The Property is being offered for lease at a price just over $4.50 per square foot . The long-term value of the Property will appreciate substantially due to its interstate access and prime location between Asheville and Hendersonville, NC. PROPERTY TOURS AND INQUIRIES G/M Property Group LLC will conduct property tours for qualified investors upon advance notice. To arrange personal tours of the Property and local market, please contact: Jeremy H. Goldstein or John R. Menkes at 828-281-4024. G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC INVESTMENT SUMMARY SALE PRICE: $1,200,000 $ 180,000 $1,380,000 RENTAL RATE: $8,333.33 monthly, triple net (± $4.54 per square foot). Lease excludes undeveloped ± 1.54 acre lot. BUILDING AREA: ± 19,800 square feet of industrial / light manufacturing ± 2,202 square feet of one-story office ± 22,002 total approximate square feet LAND AREA: ± 3.00 acre lot with existing industrial building ± 1.54 acre undeveloped lot ± 4.54 contiguous acres available for purchase or lease PRICE / BLDG SQ.FT. $54.54 ($1,200,000 on 22,002 square feet) PRICE / ACRE $116,883 ($180,000 on 1.54 acres) ZONING: Zoned Henderson County Industrial LEGAL: PIN 9652-51-6225. Deed Book 1140 Page 109 (3.00 acres) PIN 9652-51-6447. Deed Book 1155 Page 739 (1.54 acres) REAL ESTATE TAXES: 2007 Improved parcel: $5,117.16 Unimproved parcel: $524.14 $0.462 County & $0.0950 Fletcher fire district per $100 value UTILITES: Public Water Natural Gas Septic System - ADDRESS: 221 Old Hendersonville Road, Fletcher, Henderson County, NC 28732 (Outside city limits. Unincorporated Henderson County) LOCATION: ± 1.9 miles from I-26 Exit 44 and ± 0.8 miles from US Hwy 25, ideally situated for serving the growing Asheville-Hendersonville market. G/M PROPERTY GROUP, LLC Existing industrial facility situated on ± 3.00 acre lot Adjacent undeveloped ± 1.54 acre lot Total with adjacent lot City of Hendersonville PSNC approved for 24 employees / 600 GPD (situated on separate 0.59 acre easement area – see Section 5: A1 Site Plan) Cane Creek Sewer connection available across from main entrance COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC PHOTOGRAPHS & LOCATION MAPS G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC HIGH-UP AERIAL PHOTOGRAPH Property boundaries are approximate. G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC CLOSE-UP AERIAL PHOTOGRAPH Property boundaries are approximate. G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC GROUND-LEVEL PHOTOS G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC WESTERN NORTH CAROLINA REGIONAL MAP G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC LOCATION MAPS G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC PROPERTY FUNDAMENTALS G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC DESCRIPTION OF IMPROVEMENTS GROSS AREAS: Manufacturing: ±19,800 square feet Office: FLOOR PLAN: ±2,202 square feet Total Area: ±22,002 square feet Office: 3 offices break room lobby secretarial room storage closet 2 restrooms Manufacturing: manufacturing area break room unisex toilet STORIES: 1 YEAR BUILT: 2003 FOUNDATION: 6” concrete slab on 2” rigid insulation over 6 mil vapor barrier over 4” washed gravel. FRAMING: Pre-engineered steel COLUMN SPACING: ±30 feet x ±44 feet in the manufacturing/warehouse area (See Section 5: A3 Manufacturing Floor Plan) EXTERIOR WALLS: Galvalume coated 26 gauge steel panels ROOFING: Low pitch with steel expansion beams and purlins. Galvalume coated standing seam panels. FLOORING: Office: Commercial grade low pile carpet and vinyl over concrete Manufacturing: Concrete ELECTRICAL: G/M PROPERTY GROUP, LLC Three (3) phase power COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC CEILING HEIGHTS: OFFICE WALLS / DOORS: HVAC: TRUCK DOCKS / DOORS: Office: 9’ drop grid 2’ x 4’ acoustic tiles Manufacturing: Between 18.5’ and 23’. Break room is 8’ drop grid acoustic tile. Walls: Wood stud and sheetrock Vinyl baseboards Doors: Solid oak interior doors Front exterior door is aluminum framed glass. Office: Two (2) Carrier gas furnaces Three (3) 3-ton air conditioning units Manufacturing: Four (4) gas suspended heaters Four (4) 12’ wide x 14’ high metal auto roll-up, drive-in doors One (1) open truck pit loading dock with 12’ x 12’ metal door LIGHTING: Office: Fluorescent 4-tube 2’ x 4’ flush mount Manufacturing: Halogen INSULATION: 3.5” vinyl backed at ceilings and walls WINDOWS: Fixed aluminum insulated SPRINKLER: None RESTROOMS: Office: One (1) men’s 4-fixture One (1) women’s 3-fixture Manufacturing: One (1) unisex 2-fixture MISCELLANEOUS: Storage area above manufacturing break room and restroom. There are two (2) under hung steel crane systems with 3-ton electric hoists G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC SITE DESCRIPTION LOCATION: ± 1.9 miles from I-26 Exit 44 interchange SITE AREA: Improved parcel: ± 3.00 acres Unimproved parcel: ± 1.54 acres STREET FRONTAGE: ± 563 feet ACCESS: Old Hendersonville Road, 2-lane paved UTILITES: Water (public) Natural gas Electricity Phone Cable Private septic system Public sewer connection available near site entrance. TOPOGRAPHY: Generally level with a steep hill at the rear SOIL TYPE: Clay FLOOD HAZARD: No flood per map #370125-0020B, dated 3-1-1980. (See Flood Zone Map) ENCROACHMENTS: No private encroachments noted on survey dated 4-16-2003. EASEMENTS: A septic drain field is located off site containing 0.59 acres. PARKING: Paved parking plus truck access and turn-around. Paved drive circles building. FENCING: Perimeter fencing around three sides of the entire 4.54 acre site. EASEMENTS: A septic drain field is located off of the site containing 0.59 acres. COMMENTS: The 1.54 acre parcel is cleared, level land for future development. G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC ZONING G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC PRELIMINARY FLOOD ZONES (2007) G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC MARKET ANALYSIS G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC MARKET SUMMARY The Property is strategically located in the high-growth hub of Western North Carolina (WNC), between Asheville and Hendersonville. The US Hwy 25 corridor between south Asheville and north Hendersonville serves surrounding residential communities, interstate and airline travelers, commuter traffic, and area tourists. The Property sits less than two (2) miles from I-26 Exit 44 and four (4) miles from the Asheville Regional Airport, City of Hendersonville, and the ever-expanding and popular South Asheville. New residential permit valuation within Henderson County increased by over 10% annually from 2001 through 2005. Within the greater metropolitan statistical area, which incorporates both Asheville and Hendersonville, new permit valuation grew by an average of 13.5% annually during the same time period. Demand for retail goods and services, office space, and medical care continues to grow as residential building accelerates in the surrounding area. There are 42,480 people that live within five (5) miles of the Property with average annual household incomes exceeding $60,000. As of 2006, daily traffic counts proximate to the I-26 Exit 44 interchange were 52,000 vehicles on I-26 and 19,000 vehicles on US Hwy 25. Since the latest traffic volume tally, the last four-mile stretch of US Hwy 25, which connects Asheville to Hendersonville, was widened from three (3) to five (5) lanes. This expansion included the I-26 Exit 44 interchange. Traffic volume on US Hwy 25 is likely to have since increased on this expanded section and will continue to do so as properties are developed around the newly-improved infrastructure. Commercial and residential growth in WNC is constrained to specific corridors that provide suitable development opportunities and easy access to the interstate highway system within the area’s mountainous terrain. During the past 15 years, prior expansions of US Hwy 25 provided highway infrastructure that spurred much of the overall area growth to the south of Asheville. The recently completed expansion of the portion of US Hwy 25 leading into the City of Hendersonville should spur development between Hendersonville, Asheville and the area surrounding the I-26 Exit 44 interchange by enhancing access, services, and traffic to this corridor. There are only eight (8) other industrial facilities between 10,000 – 25,000 square feet that are available to purchase in Buncombe and Henderson counties, with an average asking price of $79 per square foot. The Property is being offered for sale at a price just under $55 per square foot. In addition, among the eight (8) other industrial facilities between 10,000 – 25,000 square feet that are available to lease in Buncombe and Henderson counties, the average asking lease rate is over just $6.00 per square foot. The Property is being offered for lease at a price just over $4.50 per square foot. G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC REGIONAL ECONOMIC PROFILE The Property is located within unincorporated Henderson County, NC. Downtown Hendersonville, the county seat, is located approximately 7 miles from the subject property. Downtown Asheville, arguably the economic engine driving Western North Carolina, is just 18 miles to the north. The property is ideally located to serve the trade areas of Hendersonville and Asheville, yet easy access to I-26 can provide service to a much larger trade area. Henderson County is endowed with an almost perfect climate with four distinct yet moderate seasons which offer beauty, variety and year round golf. Championship golf courses, indoor and outdoor recreation activities and opportunities to enjoy the arts abound. The Flat Rock Playhouse, the State Theater of North Carolina, is among many distinct cultural attractions. Historic downtown Hendersonville is picturesque and the hub of many of the community’s economic, civic, cultural and social activities, drawing residents and visitors to its many offerings. The City of Hendersonville (population 12,500) is considered part of the Asheville Metropolitan Statistical Area (MSA) with an estimated population of 406,000 (Henderson, Buncombe, Madison and Haywood counties). Table I – Population % Change Per Annum 1980-1990 % Change Per Annum 1990-2007 % Change Per Annum 2007-2010 1980 1990 2007 Projected 2010 Henderson County 58,617 69,326 102,424 107,680 1.7 2.3 1.7 Asheville MSA 282,836 307,999 406,373 421,658 0.9 1.6 1.2 North Carolina 5,880,095 6,632,448 9,040,824 9,450,494 1.2 1.8 1.5 227MM 250MM 301MM 311MM 0.9 1.1 1.1 United States Source: NC State Data Center. (www.sdc.state.nc.us) Asheville MSA: Buncombe, Haywood, Henderson & Madison counties (new OMB 2003 definition). The region has experienced strong growth for over a decade. The City of Hendersonville has averaged over 3.5% annual population growth since 1990. Henderson County is the fastest growing county in Western North Carolina, averaging 2.3% annual growth in population since 1990, outpacing both the state and national averages considerably. The region is projected to outpace national averages in the near future. A strong economic base consisting of industry, agriculture, retirement and tourism continues to fuel growth. Henderson County produces 75% of the apples grown in the state and is recognized as one of the largest apple producing counties in the country. Health services for a community this size are unmatched in the southeast and combined with a wide range of attractive housing options, have drawn many to Henderson County as a retirement haven. G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC Table II - Asheville Metropolitan Statistical Area Insured Employment by Industry Construction, Mining & Agri. Manufacturing Trade, Transportation, Utilities Financial/Insurance/ Real Estate Education & Health Services Leisure & Hospitality Services Services – All Other Categories Government – Fed/State/Local Total Employment 1990 % of Total 2005 % of Total 7,868 32,272 26,132 4,322 13,685 12,652 13,016 20,254 130,201 6.0% 24.8% 20.1% 3.3% 10.5% 9.7% 10% 15.6% 100% 12,106 21,649 31,167 5,522 27,079 20,752 22,059 25,123 165,457 7.3% 13.1% 18.8% 3.3% 16.4% 12.5% 13.3% 15.2% 100% % Change Per Annum 1990-2005 2.9% -2.6% 1.2% 1.6% 4.7% 3.4% 3.6% 1.4% 1.6% Source: N.C. Employment Securities Commission, breakdown by NAICS. Asheville MSA: Buncombe, Haywood, Henderson & Madison counties (new OMB 2003 definition). In 2005, industry employment in the Asheville MSA was over 165,000. Despite losses in manufacturing the region posted an impressive 27% increase since 1990 or 1.6% average annual growth. Following national trends, employment continues to shift towards services, which now accounts for over two-thirds of employment. Manufacturing is nevertheless still one of the area’s most important industries, accounting for 13% of employment. The health services industry is the leading job creator, which employs approximately 24,000 people (almost 15% of MSA employment) and has grown 93% since 1990. Table III – Henderson County Employment Summary: Insured by Sector Government – Fed/State/Local All Private Industry Total Employment 1990 3,692 22,595 26,287 2005 5,150 30,602 35,752 % Growth Per Annum 2.2 2.0 2.1 Source: N.C. Employment Securities Commission, breakdown by NAICS. Following population trends, Henderson County employment growth has outpaced the Asheville metro area considerably, averaging 2.1% annual growth since 1990. The county represents approximately 22% of the total employment in the Asheville metro area. Health services and leisure/hospitality have fueled much of the growth. Manufacturing has declined a modest (relative to the Asheville region) 7% since 1990, and remains the 2nd largest sub-sector with 20% of total employment for the county. Major nongovernment employers include Pardee Memorial Hospital, Pinnacle Staffing, ArvinMeritor Heavy Vehicle Systems, GE Lighting, Wilsonart International, Park Ridge Hospital, Borg Warner Automotive Cooling Systems and Kimberly Clark. The 2007 average annual unemployment rate was 3.6% in the Asheville MSA, compared to 4.7% for North Carolina and 4.6% for the nation. G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC RESIDENTIAL GROWTH SUMMARY One measure of local economic growth is the level of residential building. As illustrated in Table V below, both the Henderson County and metro regions continue to enjoy strong residential growth, a reflection of the area’s strong appeal to new residents. Henderson County accounts for almost 30% of total residential permit value in the metro region. During the period 2001 through 2005, Henderson County has averaged approximately 1,000 new residential units per year, while permit values during this period have increased 10% per annum. Residential growth is primarily directed towards single-family construction. During the period 2001 through 2005, the metro area has averaged approximately 3,600 new residential units per year, with permit values steadily increasing at an average rate of 13.5% per annum. The subject property, centrally located in the Asheville-Hendersonville market with proximity to I-26, is ideally situated to capture this impressive economic growth. Table V: New Residential Permit Trends * Year Henderson County Total New Permits # of Units % Change on Permit Value Permit Value Metro Statistical Area Total New Permits # of Units Permit Value % Change on Permit Value 2005 1,035 $187,921,312 18.5% 3,994 $685,537,744 16.7% 2004 1,066 $158,527,769 16.9% 3,652 $587,531,349 17.2% 2003 911 $135,664,005 -8.5% 3,143 $501,430,633 7.2% 2002 1,011 $148,291,675 16.1% 3,651 $467,866,007 13.5% 2001 971 $127,743,219 NA 3,647 $412,271,810 NA * Source: US Census Bureau – Building Permits. Combined MSA totals for City of Asheville & Buncombe-Haywood-Henderson-Madison Counties. Total new residential permits includes “single”, “two”, “three & four”, and “five or more” family categories. G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER , NC BUILDINGS CURRENTLY FOR SALE & LEASE: April 2008 BUNCOMBE AND HENDERSON COUNTY - INDUSTRIAL BUILDINGS OVER 10,000 SQUARE FEET FOR SALE Property Asking Bldg Ask Ceiling Year Price SF $Bldg/SF Height (feet) Built 4600 Hendersonville Rd $6,500,000 384,431 99 Pond Rd $1,462,500 33,700 3873 Turnpike Rd $495,000 10,000 60 Mills Gap $4,300,000 80,600 537 Hazel Mill $1,600,000 28,500 2350 Hendersonville Rd $1,200,000 17,923 170 Clayton Rd $5,000,000 68,199 111 Fletcher Comm'l Dr. $795,000 10,000 123-B Sweeten Creek $975,000 12,200 63 Glendale Ave. Ave $1 599 000 $1,599,000 20 000 20,000 6 Fairview Rd $2,900,000 34,250 45 Loop Rd $963,900 11,340 10 London Rd $1,300,000 15,000 81 Monticello $1,500,000 14,800 Average Asking Price / Sq. Ft : FOR LEASE Property 4600 Hendersonville Rd Sandhill Rd 535 Cane Creek Industrial 537 Hazel Mill 105 Fairview 872 Riverside 1431 US Hwy 70 1370 Tunnel 2350 Hendersonville Rd 123-B Sweeten Creek 45 Loop Rd 111 Fletcher Comm'l Dr. 2134 US Hwy 70 * Average Asking Price: Price $2.50 $2.50 $3.75 $4.00 $4.50 $4.64 $5.75 $6.00 $6.50 $6.80 $7.00 $7.50 $10.00 $5.50 G/M PROPERTY GROUP, LLC $17 $43 $50 $53 $56 $67 $73 $80 $80 $80 $85 $85 $87 $101 $68 Bldg Ceiling SF Height (feet) 384,431 80,000 255,000 22,200 15,865 42,700 13,607 11,280 17,923 12,200 11,340 10,000 21,600 PSF 32 18 27 16 12-22 14-17 14 17 16 - Price Per Acres Acre 32 NA 82.2 $79,104 18 1974 1.5 16 1993 3.6 16 1964 15.2 16 1971 2.8 1.0 24 1995 5.0 16 2005 0.5 14 1.2 20 1968 08 0.8 14 1955 3.4 $843,023 17 1994 1.4 1930 1.3 $1,040,000 14 1988 2.0 Subject is offered at $55 per square foot. Comments 40 acres surplas land. Mfg & warehouse. Sprinklered. 4,000 sf office renovated in 2006. Etowah. 0 dock / 12 drive-in. Multi-tenant. 6,906 sf office. Sprinklered. 1 bldg w/3 sections for separate occupancy. For lease at 4/sf. Also for lease at $6.50 NNN. No add'l info. 16,000 sf Class A office. Part of 28 acre site. No dock. 1 drive-in. Conditioned space with finished office. 2,200 sf office. 1/2 mile to I-40 exit 50. Bl k distr Block di t space near Bilt A Ave & T Tunnell Rd Rd. Y Yrs on mkt. kt 6,000 sf office. Redevelopment site or distribution. Also for lease at $7 psf net. Metal bldg. Development site near Bilt I-26 Exit 18. Climate controlled. 5 executive office. Comments Net. 40 acres surplas land. Mfg & war40 acres surplas land. Mfg & warehouse. Mod gross. I-40 Exir 44. Sprinkler. 5,000 sf to 134,000 sf available. Full service Mod gross. Also 6,300 sf available. Net. Flex warehouse in Biltmore Village Gross. I-26 @ Broadway. Net. 1968 Net I-40 Exit 55. Retail potential off Tunnel Rd. Net. Hwy 25 frontage. Net. 2,200 sf office. 1/2 mile to I-40 exit 50. Net. 1994. Metal bldg. Net. No dock. 1 drive-in. Conditioned space with finished office. Tarwheels Skateway on Tunnel. 100% conditionned. Retail. * Excluded due to retail nature. Subject is offered at $4.55 per square foot. COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER , NC LEASE COMPARABLES: 2004 - April 2008 BUNCOMBE AND HENDERSON COUNTY - INDUSTRIAL BUILDINGS OVER 10,000 SQUARE FEET Net Lease Price Bldg SF Ceiling Height (feet) Lease Date 220 Continuum Dr Steelcase Building $6.25 $2.80 10,000 49,700 16 - Apr-08 Jan-08 3-yr term w/4% bumps. Modified NNN. $1.75/sf CAM. 2 docks /1 drive-in door. 210 A Old Airport Rd 328 Rutledge Rd $2.25 $5.25 47,000 11,040 - Nov-07 May-07 Built 1980. 3-year lease. 3177 Sweeten Creek $6.50 12,600 - Aug-06 3-year term. 3% annual escalations. 120 Sweeten Creek 4989 Hendersonville Rd $8.00 - 10,000 15,000 25 Apr-06 Jan-06 Btwn Bilt Village and I-40 Exit 51A. Retail/warehouse. 2 mos free rent on 6 yr lease. 518 S. Allen Rd $4.00 24,436 24 Dec-05 Flat Rock. Built 1996. 205 Vista Industrial Dr $3.90 60,000 30 Sep-05 15 year lease. 3,000 sf office. Built 1980. 14' dock doors. Bldg. 9 L. A. White Dr $1.80 36,000 22 Aug-05 Cane Creek Indust'l Park Fletcher. Built 1998. 1790 Brevard Rd $2.30 34,500 31 Aug-05 Sublease to Fedex. 1,000 sf office. Built 1999. 12 Old Charlotte Hwy $4.25 21,600 25 Jun-05 Warehouse space @ Blue Ridge Motion Pictures. Estimated lease rate. 4989 Hendersonville Rd 34 Sterling Pl $4.48 $3.48 15,000 10,000 25 18 Jun-05 Jan-05 Fletcher (I-26 Exit 44). 3,000 sf office/retail component. 12 Walden Dr $3.25 25,000 - Nov-04 2,500 sf office. Built 2004. 2099 Brevard Rd $3.89 29,000 16 Sep-04 3,000 sf office. Built 1982. 485 Watson Rd $5.05 10,700 20 Sep-04 Not sure on type of building. Address shows Lake Junaluska. Built 1960. 3175 Sweeten Creek $2.80 32,200 22 Mar-04 Built '81. 3.7 acres. 3,200 sf office. 5 loading docks. Excellent condition. 7-year lease. 199 N. Egerton Rd 1000 Brevard Rd $2.00 $4.00 92,014 10,890 - Mar-04 Feb-04 Built 1966. 10-year lease. MLS shows $2.18/sf leased - ACIRA shows $2/sf. Property Comments Built 1980. 5-year lease. Expenses $0.40 per square foot. Flex space. Fletcher (I-26 Exit 44). 3,000 sf office/retail component. (Asked $5.20/sf) 1 acre. 4-year lease. Metal building with +/- 800 sf office. Warehouse space behind Kmart retail center. Built 1981. Average: Average: Average: $2.55 $4.58 $4.00 PSF Over 30,000 Sq. Ft. PSF Under 30,000 Sq. Ft. (excludes 120 Sweeten Creek due to retail component) PSF Between 15,000 and 25,000 Sq. Ft. Subject $4.55 PSF G/M PROPERTY GROUP,LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER , NC SOLD COMPARABLES: 2006 - April 2008 BUNCOMBE AND HENDERSON COUNTY - INDUSTRIAL BUILDINGS OVER 10,000 SQUARE FEET Sold Price Property 51-55 Rutherford Rd 707 Brooklyn Ave. 9 Dogwood Dr 36 Old Charlotte Hwy 3175 Sweeten Creek 73 Ridgeway Rd 36 Old Shoals Rd 629 Market St 240 Sardis 155 Glen Bridge 5418 Asheville Hwy Steelcase Plant 329B Emma Rd 105 Fair Oaks 227 Amboy Rd 624 Patton Ave Sweeten Crk Indust'l 41 Dogwood Rd 901 Sweeten Creek 157-163 Craven St Glen Bridge Rd 99 Pond Rd 701 Oriole 132 Buckeye Cove Asking Price $820,000 $1,450,000 $1,225,000 $550,000 $1,250,699 $750,000 $740,000 $1,100,000 $3,300,000 $1,843,000 $2,000,000 $7,275,000 $525,000 $1,060,000 $730,000 $1,100,000 $2,900,000 $1,300,000 $1,100,000 $1,200,000 $1,750,000 $495,000 $755,000 $1,500,000 % Ask Bldg SF 23,600 $1,500,000 97% 21,340 15,000 $625,000 88% 11,175 $1,500,000 83% 32,200 $850,000 88% 40,400 $849,000 87% 15,240 $1,299,000 85% 18,000 $3,700,000 89% 72,016 $1,900,000 97% 95,143 $2,650,000 75% 83,974 900,000 $660,000 80% 30,000 1,200,000 88% 15,170 $745,000 98% 11,504 $895,000 123% 13,000 3,300,000 88% 96,713 $1,200,000 108% 26,586 $1,400,000 79% 62,000 $1,300,000 92% 42,853 $1,800,000 97% 20,000 32,000 $1,311,000 58% 72,833 29,770 Average Sold Price / Sq. Ft.: Average Sold Price / Sq. Ft. (Over 40,000 Sq. Ft.) : Average Sold Price / Sq. Ft. (Under 40,000 Sq. Ft.) : Subject G/M PROPERTY GROUP,LLC $1,200,000 Sold /SF Ceiling Ht (ft) Year Built $35 $68 $82 $49 $39 $19 $49 $61 $46 $19 $24 $8 $18 $70 $63 $85 30 $49 $18 $28 $88 $15 $10 $50 $43 $22 $55 24 14 22 22 18 20 16 23 12-18 13 18 10 20 22 12 21-24 2001 1960 1981 1989 1967 '36-'89 1999 1986 2004 1972 1976 1994 '53-'95 '40-'79 1994 '74-'91 1997 Sold Mar-08 Jan-08 Jan-08 Dec-07 Dec-07 Nov-07 Nov-07 Oct-07 Aug-07 Aug-07 Jul-07 Dec-06 Sep-06 Sep-06 Aug-06 Aug-06 Aug-06 Apr-06 Mar-06 Mar-06 Mar-06 Mar-06 Mar-06 Jan-06 Comments 1.37 acres. 6,000 sf & 17,600 sf buildings. 3,900 sf office. 2.9 acres. 100% conditioned. Pub util. Flex space 2.7 acres. Near River Ridge. 5 docks. New roof ,HVAC. Sold as income producing. Candler market. No add'l info. 2,300 sf office. 1.2 acre. 1-26/Airport. 90% a/c S. Hendersonville. 0.97 acre. 19 acres. 1st class manufacturing. 13 acres. 2 buildings. Near I-26 airport. 6.3 acres. New 5-lane corridor. 19,000 sf office retail. purchased by Appalachian Energy Products 6.1 acres. Warehouse distribution. 100% conditioned space. Light mfg facility. 0.82 acre. W. Asheville. Leased at $3.54 psd NNN. Former printing facility next to FEDEX. 5,000 sf office. Former Pepsi distribution bldg. 6.5 acres. 7,066 sf office. Above ask - 5 offers 1 week. Size, age, ceilings. 3.4 acres. 5.1 acres. 1/4 mile from I-40 Exit 51A 5.09 acres. Multiple bldgs. 2 acres. 65% office. Sold with tenants in place. 1.5 acres. Distressed seller. Near I-26 Exit 49. 4.3 acres. 7,664 sf office. 2.18 acres. 7,066 sf modern office. 100% sprinkler. $55 COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER , NC HENDERSON COUNTY LAND CURRENTLY FOR SALE Property 9999 Old Asheville Hwy Loop Road Industrial Pk Lot H SR 1900 On E Prin Valley View US 25 North Old Hendersonville Rd Fletcher Commerce Park 2040 Sugarload Rd 0 Hwyy 280 Asking Price Acres 700,000 7.00 1,995,000 17.40 250,000 3.00 549,222 4.78 49,900 0.32 499,000 4.87 360,000 2.00 400,000 3.40 495,000 4.10 Average Asking Price Per Acre Price/Acre Comments $100,000 $114,655 $83,333 $114,900 $155,938 $102,464 $180,000 $117,682 $120,761 $121,081 2 miles north on US 25 off I-26 Exit 44. Less than 1 mile from Asheville Airport. Great visibility to I-26. Ideal location for strip center, rest, medical, multifamily, etc. Corner of Hillgirt and US 25. High traffic area. Can be sold in 1 to 4.87 acre increments. Level, graded and ready to build. Site plan and survey available. Retail oriented location. Flood plain. SOLD Property Asking Price 0 Old Airport Rd 2411 Spartanburg Hwy Hwy 280 & Butler Bridge 16 Brandy Branch Rd 80 Old Fanning Fields Rd 289 Haywood Rd 0 Asheville Hwy 0 Hillview Rd 510 Crest Rd 9999 Christel Dr 2532 Spartanburg Hwy Asheville Hwy Old Airport Rd Hwy 64 165 Underwood Rd US Hwy 25 $81,000 $81,000 0.55 $275,000 $265,000 1.41 $465,000 $285,000 1.81 $185,500 $185,500 2.18 $600,000 $600,000 5.00 $179,900 $180,000 1.70 $375,000 $287,500 1.31 $89,900 $70,000 0.43 $129,900 $115,000 1.25 $490,000 $490,000 4.23 $215,000 $175,000 1.59 $310,000 $261,250 1.33 $969,300 $550,000 7.18 $399,900 $406,915 5.22 $1,248,750 $1,178,100 5.55 $595,000 $510,000 2.00 Average Selling Price Per Acre EXCESS LAND $180,000 G/M PROPERTY GROUP, LLC Sold Price Acres 1.44 Price/Acre Date Sold $147,273 $187,943 $157,459 $85,092 $120,000 $105,882 $219,466 $163,170 $92,000 $115,839 $110,063 $196,429 $76,602 $77,953 $212,270 $255,000 $148,286 Mar-08 Nov-07 May-07 Sep-06 Jul-06 Jun-06 May-06 Jan-06 Nov-05 Oct-05 Sep-05 Jun-05 Aug-05 May-05 Feb-05 Aug-04 Comments Located in Thorp Commercial Park. 300 feet of frontage on Spartanburg Hwy. Just east of Airport Rd/Butler Bridge Rd intersection. Located in The Mills River Park. Mixed use zoning right off Airport Road (Hwy 280) Zoned R-10 Medium Density Residential District. Located directly on Hwy 25. Zoned C-3. Best use is for residential. Close to I-26. 2 older homes on property. Lots 8,9 and 10 in The Asheville Airport Plaza. Located on Spartenbury Hwy. No additional information Intersection of Old Airport Rd and Cane Creek 1 miles east of I-26 off US Hwy 64 I-26 Exit 40, off Rockwood Rd Fletcher - corner US 25 & Blake Average does not include properties sold prior to 2006. $125,000 COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC DEMOGRAPHICS Population 1-mi. 3-mi. 5-mi. 2007 Male Population 600 6,340 20,443 2007 Female Population 658 6,658 22,037 % 2007 Male Population 47.69% 48.78% 48.12% % 2007 Female Population 52.31% 51.22% 51.88% 2007 Total Adult Population 1,003 10,158 33,532 2007 Total Daytime Population 1,692 12,258 34,233 931 5,366 15,486 2007 Median Age Total Population 42 40 42 2007 Median Age Adult Population 49 47 49 2007 Age 0-5 78 1,016 2,904 2007 Total Daytime Work Population 2007 Age 6-13 118 1,275 4,062 2007 Age 14-17 60 549 1,982 2007 Age 18-20 45 369 1,280 2007 Age 21-24 64 618 1,696 2007 Age 25-29 79 738 2,117 2007 Age 30-34 72 890 2,583 2007 Age 35-39 70 941 2,816 2007 Age 40-44 83 884 2,929 2007 Age 45-49 83 973 3,140 2007 Age 50-54 79 945 3,112 2007 Age 55-59 73 868 3,001 2007 Age 60-64 53 667 2,397 2007 Age 65-69 44 525 1,903 2007 Age 70-74 49 519 1,862 2007 Age 75-79 46 419 1,733 2007 Age 80-84 76 401 1,499 2007 Age 85+ 88 401 1,461 % 2007 Age 0-5 6.19% 7.82% 6.84% % 2007 Age 6-13 9.37% 9.81% 9.56% % 2007 Age 14-17 4.76% 4.22% 4.67% % 2007 Age 18-20 3.57% 2.84% 3.01% % 2007 Age 21-24 5.08% 4.75% 3.99% % 2007 Age 25-29 6.27% 5.68% 4.98% % 2007 Age 30-34 5.71% 6.85% 6.08% % 2007 Age 35-39 5.56% 7.24% 6.63% % 2007 Age 40-44 6.59% 6.80% 6.90% % 2007 Age 45-49 6.59% 7.49% 7.39% % 2007 Age 50-54 6.27% 7.27% 7.33% % 2007 Age 55-59 5.79% 6.68% 7.06% % 2007 Age 60-64 4.21% 5.13% 5.64% G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC % 2007 Age 65-69 3.49% 4.04% 4.48% % 2007 Age 70-74 3.89% 3.99% 4.38% % 2007 Age 75-79 3.65% 3.22% 4.08% % 2007 Age 80-84 6.03% 3.09% 3.53% % 2007 Age 85+ 6.98% 3.09% 3.44% 2007 White Population 969 11,668 38,390 2007 Black Population 160 572 1,923 27 187 480 2007 Asian/Hawaiian/Pacific Islander 2007 American Indian/Alaska Native 2007 Other Population (Incl 2+ Races) 2007 Hispanic Population 2 21 56 101 550 1,631 95 627 1,885 1,163 12,371 40,594 % 2007 White Population 76.97% 89.77% 90.37% % 2007 Black Population 12.71% 4.40% 4.53% 2.14% 1.44% 1.13% 2007 Non-Hispanic Population % 2007 Asian/Hawaiian/Pacific Islander % 2007 American Indian/Alaska Native 0.16% 0.16% 0.13% % 2007 Other Population (Incl 2+ Races) 8.02% 4.23% 3.84% % 2007 Hispanic Population 7.55% 4.82% 4.44% % 2007 Non-Hispanic Population 92.45% 95.18% 95.56% 2000 Non-Hispanic White 839 10,439 34,328 2000 Non-Hispanic Black 121 419 1,553 2000 Non-Hispanic Amer Indian/Alaska Native 19 88 154 2000 Non-Hispanic Asian n/a 44 224 2000 Non-Hispanic Hawaiian/Pacific Islander n/a n/a 1 2000 Non-Hispanic Some Other Race n/a 10 14 2000 Non-Hispanic Two or More Races 25 108 351 % 2000 Non-Hispanic White 83.57% 93.98% 93.73% % 2000 Non-Hispanic Black 12.05% 3.77% 4.24% % 2000 Non-Hispanic Amer Indian/Alaska Native 1.89% 0.79% 0.42% % 2000 Non-Hispanic Asian 0.00% 0.40% 0.61% % 2000 Non-Hispanic Hawaiian/Pacific Islander 0.00% 0.00% 0.00% % 2000 Non-Hispanic Some Other Race 0.00% 0.09% 0.04% % 2000 Non-Hispanic Two or More Races 2.49% 0.97% 0.96% Population Change 1-mi. 3-mi. 5-mi. n/a n/a n/a Total Employees Total Establishments n/a n/a n/a 2007 Total Population 1,258 12,998 42,480 2007 Total Households 546 5,444 17,653 Population Change 1990-2007 358 3,812 12,568 Household Change 1990-2007 196 1,754 5,705 % Population Change 1990-2007 39.78% 41.50% 42.02% % Household Change 1990-2007 56.00% 47.53% 47.75% G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC Population Change 2000-2007 Household Change 2000-2007 141 1,465 4,844 72 680 2,260 % Population Change 2000-2007 12.62% 12.70% 12.87% % Households Change 2000-2007 15.19% 14.27% 14.68% 1-mi. 3-mi. 5-mi. 490 5,094 16,788 Housing 2000 Total Housing Units 2000 Occupied Housing Units 456 4,761 15,491 2000 Owner Occupied Housing Units 275 3,794 12,313 2000 Renter Occupied Housing Units 182 967 3,178 34 333 1,297 93.06% 93.46% 92.27% 2000 Vacant Housing Units % 2000 Occupied Housing Units % 2000 Owner Occupied Housing Units 56.01% 74.48% 73.34% % 2000 Renter Occupied Housing Units 37.07% 18.98% 18.93% % 2000 Vacant Housing Units 6.92% 6.54% 7.73% Income 1-mi. 3-mi. 5-mi. $30,155 $41,440 $42,150 2007 Median Household Income 2007 Per Capita Income $24,860 $24,512 $24,959 2007 Average Household Income $57,277 $58,524 $60,062 2007 Household Income < $10,000 71 386 1,034 2007 Household Income $10,000-$14,999 58 311 1,076 2007 Household Income $15,000-$19,999 56 457 1,169 2007 Household Income $20,000-$24,999 37 389 1,393 2007 Household Income $25,000-$29,999 49 328 1,091 2007 Household Income $30,000-$34,999 64 441 1,360 2007 Household Income $35,000-$39,999 29 326 1,170 2007 Household Income $40,000-$44,999 20 295 1,240 2007 Household Income $45,000-$49,999 13 339 1,134 2007 Household Income $50,000-$59,999 44 754 2,094 2007 Household Income $60,000-$74,999 20 691 2,252 2007 Household Income $75,000-$99,999 23 444 1,527 2007 Household Income $100,000-$124,999 22 121 592 2007 Household Income $125,000-$149,999 1 42 190 2007 Household Income $150,000-$199,999 15 59 168 2007 Household Income $200,000-$249,999 4 11 40 2007 Household Income $250,000-$499,999 19 50 119 2007 Household Income $500,000+ 1 2 4 2007 Household Income $200,000+ 24 63 163 % 2007 Household Income < $10,000 13.00% 7.09% 5.86% % 2007 Household Income $10,000-$14,999 10.62% 5.71% 6.10% % 2007 Household Income $15,000-$19,999 10.26% 8.39% 6.62% G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC % 2007 Household Income $20,000-$24,999 6.78% 7.14% 7.89% % 2007 Household Income $25,000-$29,999 8.97% 6.02% 6.18% % 2007 Household Income $30,000-$34,999 11.72% 8.10% 7.70% % 2007 Household Income $35,000-$39,999 5.31% 5.99% 6.63% % 2007 Household Income $40,000-$44,999 3.66% 5.42% 7.02% % 2007 Household Income $45,000-$49,999 2.38% 6.22% 6.42% % 2007 Household Income $50,000-$59,999 8.06% 13.85% 11.86% % 2007 Household Income $60,000-$74,999 3.66% 12.69% 12.76% % 2007 Household Income $75,000-$99,999 4.21% 8.15% 8.65% % 2007 Household Income $100,000-$124,999 4.03% 2.22% 3.35% % 2007 Household Income $125,000-$149,999 0.18% 0.77% 1.08% % 2007 Household Income $150,000-$199,999 2.75% 1.08% 0.95% % 2007 Household Income $200,000-$249,999 0.73% 0.20% 0.23% % 2007 Household Income $250,000-$499,999 3.48% 0.92% 0.67% % 2007 Household Income $500,000+ 0.18% 0.04% 0.02% % 2007 Household Income $200,000+ 4.40% 1.16% 0.92% Retail Sales Volume 1-mi. 3-mi. 5-mi. $199,711 $1,284,560 $4,108,425 2007 Children/Infants Clothing Stores 2007 Jewelry Stores $147,675 $961,786 $3,077,939 2007 Mens Clothing Stores $355,933 $2,014,426 $6,264,525 2007 Shoe Stores $316,946 $1,856,307 $5,861,459 2007 Womens Clothing Stores $701,010 $3,758,583 $11,659,803 $3,238,706 $24,430,926 $84,077,337 2007 Automotive Parts/Acc/Repair Stores $464,299 $2,988,442 $9,753,997 2007 Other Motor Vehicle Dealers $153,606 $904,335 $2,855,916 2007 Tire Dealers $118,534 $792,729 $2,596,649 $34,498 $329,951 $1,152,844 2007 Home Centers $410,756 $2,660,965 $9,049,738 2007 Nursery/Garden Centers $112,266 $814,762 $2,716,751 $26,599 $312,908 $1,209,656 2007 Automobile Dealers 2007 Hardware Stores 2007 Outdoor Power Equipment Stores 2007 Paint/Wallpaper Stores $14,856 $103,987 $363,258 2007 Appliance/TV/Other Electronics Stores $388,996 $2,262,667 $7,047,911 2007 Camera/Photographic Supplies Stores $60,811 $382,015 $1,243,686 2007 Computer/Software Stores $198,852 $1,206,603 $3,935,490 2007 Beer/Wine/Liquor Stores $225,056 $1,401,870 $4,456,571 2007 Convenience/Specialty Food Stores $616,926 $3,672,898 $10,053,852 2007 Restaurant Expenditures $2,283,853 $16,664,275 $49,673,961 2007 Supermarkets/Other Grocery excl Conv $2,645,441 $16,732,636 $54,740,384 2007 Furniture Stores $373,840 $2,368,276 $7,696,217 2007 Home Furnishings Stores $248,562 $1,447,035 $4,477,429 2007 Gen Merch/Appliance/Furniture Stores $3,487,843 $21,152,114 $67,825,826 2007 Gasoline Stations w/ Convenience Stores $2,757,280 $14,537,850 $42,737,304 G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC 2007 Other Gasoline Stations $2,140,353 $10,864,954 2007 Department Stores excl Leased Depts $3,876,839 $23,414,778 $74,873,734 2007 General Merchandise Stores $3,114,003 $18,783,837 $60,129,609 2007 Other Health/Personal Care Stores $32,683,456 $226,140 $1,590,713 $5,395,899 $1,277,834 $8,089,789 $26,504,551 2007 Pet/Pet Supplies Stores $203,196 $1,201,902 $3,893,569 2007 Book/Periodical/Music Stores $151,530 $493,087 $1,176,783 $47,354 $569,231 $2,342,097 2007 Musical Instrument/Supplies Stores $31,398 $215,653 $719,322 2007 Sewing/Needlework/Piece Goods Stores $19,803 $81,383 $225,649 $227,286 $1,043,923 $2,609,248 $30,257 $190,141 $614,600 2007 Pharmacies/Drug Stores 2007 Hobby/Toy/Game Stores 2007 Sporting Goods Stores 2007 Video Tape Stores - Retail G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES 221 OLD HENDERSONVILLE ROAD FLETCHER, NC ARCHITECHTURAL PLANS G/M PROPERTY GROUP, LLC COMMERCIAL REAL ESTATE SERVICES New Construction Old Asheville Hwy. (S.R. 1536) Henderson County, NC FIRE PROTECTION REQUIREMENTS Life Safety Plan Sheet #, if provided Structural frame, including columns, girders, trusses. Bearing walls RATING Provided (w/ DETAIL# DESIGN # DESIGN # FOR DESIGN # REQ’D _______* AND FOR RATED RATED PENE- FOR RATED REDUCTION) SHEET # ASSEMBLY TRATION JOINTS ENERGY SUMMARY ENERGY REQUIREMENTS: The following data shall be considered minimum and any special attribute required to meet the energy code shall also be provided. Each designer shall furnish the required portions of the project information for the plan data sheet. If energy cost budget method, state the annual energy cost budget vs allowable annual energy cost budget. 0 Exterior LEAD DESIGN PROFESSIONAL: (name) George Stowe, Architect DESIGNER FIRM NAME Architectural George Stowe, Architect Civil Electrical Fire Alarm Plumbing Mechanical Sprinkler-Standpipe Structural Retaining Wall >5’ high Other YEAR EDITION OF CODE: 2000 BUILDING DATA Construction Type: George Stowe LICENSE # North TELEPHONE # 4501 828-251-2357 West Interior Non-Bearing walls and partitions Exterior New Construction II-B Mixed Construction: No NFPA 13, NFPA13R, NFPA 3D Class: I, II, III Wet, Dry EXISTING (sq.ft) Roof/Ceiling Assembly (each assembly) Description of assembly - Standing seam metal roof with 6” vinyl faced insulation Suspended acoustical ceilings w/ R-19 F.G. insulation U-Value of Total assembly R-Value of Insulation - R-19 Skylights in each assembly U-Value of skylight Total square footage of skylights in each assembly South NEW (sq.ft.) North >30’ 0 East >30’ 0 West >30’ 0 South >30’ 0 Exterior Walls (each assembly) Description of assembly Floor Construction including support beams and joists Roof Construction Including support beams and joists Shafts - Exit SUBTOTAL 0 0 Shafts - Other 22,002 Corridor Separation 22,002 Occupancy Separation Party/Fire Wall Separation Smoke Barrier Separation Tenant Separation ALLOWABLE AREA Primary Occupancy: Factory/Industrial ( F-2) Secondary Occupancy: Business Special Occupancy: (508.2, 508.3, 508.4, 508.5, 508.6, 508.7, 508.8) Mixed Occupancy: (Yes) Separation: 0.Hr. Exception: X Non-Separated Mixed Occupancy (303.1 Exception) The required type of construction for the building shall be determined by applying the height and area limitations for each of the applicable occupancies to the entire building. The most restrictive type of construction, so determined, shall apply to the entire building. Separated Mixed Occupancy (303.1/303.2) – See below for area calculations. For each story, the area of the occupancy shall be such that the sum of the ratios of the actual floor area of each used divided by the allowable floor area for each use shall not exceed 1. Actual Area of Occupancy A + Actual Area of Occupancy B <1 Allowable Area of Occupancy A 0 0 1 DESCRIPTION AND USE F2 & B (A) (B) (C) (D) BLDG AREA TABLE AREA FOR AREA FOR PER STORY 503 OPEN SPACE SPRINKLER (ACTUAL) AREA 5 INCREASE 1 INCREASE 2 22,002 (E) ALLOWABLE AREA OR UNLIMITED 3 (F) MAXIMUM BUILDING AREA 4 23000 23000 23000 Walls below grade (each assembly) Description of assembly U-Value of Total Assembly R-Value of insulation LIFE SAFETY SYSTEM REQUIREMENTS Emergency Lighting: Yes Exit Signs: Yes Fire Alarm: No Smoke Detection System: No Panic Hardware: No FLOOR, ROOM OR SPACE DESIGNATION MINIMUM NUMBER OF EXITS Floors over unconditioned space (each assembly) Description of assembly U-Value of Total Assembly R-Value of insulation ALLOWABLE HEIGHT Allowable (Table 503) Type of construction Building Height in Feet Building Height in Stories Increase for sprinklers Shown on plans TRAVEL DISTANCE ARRANGEMENT MEANS OF EGRESS 1,3 (SECTION 1004.1) REQUIRED SHOWN ALLOWABLE ACTUAL REQUIRED DIST. ACTUAL DIST. ON PLANS TRAVEL DIST. TRAVEL DIST. BETWEEN SHOWN ON (TABLE SHOW ON DOORS PLANS 1004.2.4) PLANS Factory F1 Business B 1 Open space area increases from Section 506.2 are computed thus: a. Perimeter which fronts a public way or open space having 20 feet minimum width = __(F) b. Total Building Perimeter = _________(P) c. Ratio (F/P) = _________ (F/P) d. W = Minimum width of public way = _________(W) e. Percent of frontage increase I = 100 [ F/P – 0.25] x W/30 = _______ (%) 2 The sprinkler increase per Section 506.3 is as follows: a. Multi-story building I = 200 percent b. Single story building I = 300 percent 3 Unlimited area applicable under conditions of Sections Group B,F,M,S, A-4 (507.1,507.2,507.3,507.5);Group A motion picture (507.8); Malls (402.6); and H-2 aircraft paint hangers (507.6). 4 Maximum Building Area = Total number of stories in the building x E but not greater than 3 x E. 5 The maximum area of parking garages must comply with 406.3.5. The maximum area of air traffic control towers must comply with 412.1.2. CENTERLINE STEEL PLATE STEEL ANGLE @ AT A.B. ANCHOR BOLT A.F.F. ABOVE FINISH FLOOR c/c CENTER TO CENTER CEIL. CEILING CMU CONCRETE MASONRY UNIT COL. COLUMN CONC. CONCRETE CONT. CONTINUOUS DIA. DIAMETER FOUND. FOUNDATION FTN'G FOOTING GA. GAGE GALV. GALVINIZED GYP. BD. GYPSUM BOARD H. HIGH or HEIGHT HORIZ. HORIZONTAL INSUL. INSULATION LAM. LAMINATE MIN. MINIMUM MTL. METAL N.I.C. NOT IN CONTRACT OPP. OPPOSITE P.T. PRESSURE TREATED PLYWD. PLYWOOD REINF. REINFORCEMENT REQ'D REQUIRED SIM. SIMILAR STRUCT. STRUCTURAL THK. THICK or THICKNESS TYP. TYPICAL VERT. VERTICAL W. WIDE or WIDTH W.H. WATER HEATER w/ WITH W/D WASHER & DRYER WD. WOOD W.W.M. WELDED WIRE MESH * Indicate section number permitting reduction NUMBER AND ARRANGEMENT OF EXITS STORY NO. ABBREVIATIONS Walls adjacent to unconditioned space (each assembly) Description of assembly 3 5/8” metal studs with 5/8” gypsum board and R-13 F.G. insulation. U-Value of Total Assembly R-Value of insulation Openings (windows or doors with glazing) U-Value of assembly Low e required, if applicable Door R-Values EXIT REQUIREMENTS Allowable Area of Occupancy B 1.Metal panels with 4” vinyl faced insulation 3 5/8” metal studs with 5/8” gypsum board and R-13 F.G. insulation. 2.Metal panels with 4” vinyl faced insulation U-Value of Total Assembly R-Value of insulation R-13 Openings (windows or doors with glazing) U-Value of assembly = 0.58, alum. framed windows w/ insulated glazing Shading coefficient Projection factor Low e required, if applicable Door R-Values R-10 Interior Sprinklers: No Standpipes: No Fire District: . No 1 Number of Stories Unlimited per ________________________ Building Height: 23 Feet Mezzanine: No High Rise: No Central Reference Sheet # (if provided): _____ Gross Building Area: FLOOR 2nd Floor Mezzanine 1st Floor Basement TOTAL THERMAL ENVELOPE Method of Compliance: Prescriptive East 2 1 3 2 200’ 200’ 98’ 30.5’ 82.25’ N/A Floors slab on grade Description of assembly 6” concrete slab on grade 2” x 4’ wide rigid insulation @ perimeter, below slab U-Value of Total Assembly R-Value of insulation R-10 Horizontal/vertical requirement Slab heated 150’ ELECTRICAL SUMMARY Electrical system shall be by licensed electrical contractor. Required electrical summary will be furnished by electrical contractor. 1 Corridor dead ends (Section 1004.3.2.3) Single exits (Table 1005.2.2) 3 Common Path of Travel (Section 1004.2.5) 2 MECHANICAL SUMMARY Mechanical system shall be by licensed HVAC contractor. Required mechanical summary will be furnished by HVAC contractor. EXIT WIDTH USE GROUP OR SPACE DESCRIPTIONS (a) AREA sq.ft Factory F1 Business B 19800 2202 EXIT WIDTH (inch) EXIT WIDTH (inch) (b) (c) 2,3,4,5,6 2,3,4,5,6 AREA PER OC- EGRESS WIDTH REQUIRED ACTUAL WIDTH CUPANT PER OCCUPANT WIDTH (SECTION SHOWN ON (TABLE 103.2.2.2) (TABLE 1003.2.3) 1003.2.3) (a÷b) x c PLANS STAIR / LEVEL STAIR / LEVEL STAIR / LEVEL 100 / 0.2 / 39.6 / 108 100 / 0.2 / 4.4 / 72 Code reference Type IIB Type IIB ft. 55 H + 20’ = ft. 23’ Stories 3 Stories + 1 = Stories 1 STRUCTURAL DESIGN See structural engineering foundation design and preengineered metal building permit drawings for the structural design Appendix B information TABLE OF CONTENTS PLUMBING FIXTURE REQUIREMENTS Occupancy F1 & B Water Closets Male 1 Water Closets Female 2 Urinal Lavatories Male Lavatories Female 1 1 1 Showers/ Tubs Drinking Regular Fountains Accessible 1 ACCESSIBLE PARKING See Site Plan LOT OR PARKING AREA TOTAL TOTAL # OF PARKING SPACES REQUIRED TOTAL # OF # OF ACCESSIBLE # OF ACCESSIBLE PARKING SPACES PROVIDED SPACES PROVIDED SPACES REGULAR W/5’ ACCESS VAN SPACES W/8’ PROVIDED ACCESS TOTAL # ACCESSIBLE PROVIDED T1 TITLESHEET; APPENDIX B SP1 SPECIFICATIONS A1 SITE PLAN A2 ELEVATIONS A3 FLOOR PLAN; SCHEDULES A4 OFFICE FLOOR PLAN; SECTIONS A5 INTERIOR ELEVATIONS A6 MECH. PLATFORM PLAN; DETAIL; REFLECTED CEILING PLAN DATE 02/19/2003 REVISIONS: T1 Henderson County, NC Name of Project: Western Carolina Vault Address: Old Asheville Hwy. (S.R. 1536) Henderson County NC Proposed Use: Manufacturing Concrete Burial Vaults Owner or Authorized Agent: Phone: Owned By: Private Code Enforcement Jurisdiction: City or County (name) FIRE SEPERATION DISTANCE (FEET) Old Asheville Hwy. (S.R. 1536) BUILDING ELEMENT SPECIAL APPROVALS Special approval: (Local Jurisdiction, Department of Insurance, SBCCI, ICC,etc.,describe below) Western North Carolina Vault FOR ALL COMMERCIAL PROJECTS (EXCEPT 1 AND 2-FAMILY DWELLINGS AND TOWNHOUSES) New Construction for: APPENDIX B BUILDING CODE SUMMARY Member, American Institute of Architects 184 EAST CHESTNUT ST., ASHEVILLE, NC 28801 Ph: 828-251-2357 fax 828-225-0530 gstowe@buncombe.main.nc.us GEORGE STOWE, ARCHITECT Western North Carolina Vault DIVISION 1 GENERAL REQUIREMENTS 01500 TEMPORARY FACILITIES PART 1 – SCOPE 1.1 Provide and maintain adequate sanitary facilities for the use of construction personnel and acceptable to local health and subdivision standards. The Contractor shall provide electricity, heat, utilities, transportation and other facilities and services necessary for the proper execution of the Work and protection of the work in place during construction, whether temporary or permanent and whether or not incorporated or to be incorporated in the Work. Provide all utility connections and reconnection to complete the Work. Provide two fire extinguishers as necessary to reasonably safeguard against personal injury. Maintain one complete set of plans and specifications on the project at all times. The Contractor will provide a telephone or mobile phone for use by construction personnel at the job site. Provide for trash and debris collection and removal on a regular basis. Maintain a clean and orderly job site. No burning is permitted on job site. 01700 PROJECT CLOSE-OUT 3.2 INSTALLATION A. Clean joints in accordance with manufacturer's instructions. B. Install sealant in accordance with manufacturer's instructions. C. Apply sealant within recommended application temperature ranges. Consult manufacturer when sealant cannot be applied within these temperature ranges. D. Tool joints concave, channel shaped as detailed. DIVISION 8 DOOR & WINDOWS DIVISION 15 MECHANICAL 15410 PLUMBING FIXTURES & REQUIRMENTS Provide complete plumbing system including fixtures by American Standard with trim by Moen. Submit product information for review before proceeding. 1. 2. 3. 4. 5. 6. 7. 8. Water closet & seat. ADA compliant. 2 Req’d Water closet & seat, Standard. 1 Req’d Urinal, ADA compliant. 1 Req’d. Lavatory. Wall hung w/ADA compliant valve & fittings. Insulate hot & cold water lines. 2 Req’d Gas water heater. 1 Req’d. Freeze proof yard hydrant. 2 req’d. Trench drains. See plan. Gas piping. See Door & Window Schedules Glazing Requirements and Notes on Drawings. PART 1 – SCOPE In addition to general broom cleaning performed throughout the progress of the work, the General Contractor shall be responsible for the following special cleaning for all trades at the completion of the Work: Remove putty stains and paint from all glass. Wash and polish all glass, inside and out, without scratching. Remove stains, marks, fingerprints, soil and dirt from all painted or stained work. Clean and polish all hardware and remove all stains, paint, dirt and dust caused by construction. Replace or refinish all damaged surfaces to the satisfaction of the Architect. DIVISION 2 SITE WORK See site drawing and notes for grading and erosion control. See general notes on structural engineering drawing for preparation of foundation subgrade. 02281 TERMITE TREATMENT Provide termite treatment as required to prevent infestation of subterranean termites. DIVISION 3 CONCRETE See general notes on structural engineering drawing. DIVISION 5 METALS 05400 LIGHT GAUGE STEEL FRAMING SYSTEMS Framing shall conform to AISI publication “Specification for the Design of Cold-formed Steel Structural Member” (Current Edition). See drawings for specific stud size, gage, and spacing,. Studs are manufactured to meet ASTM C955 from sheet steel conforming to ASTM A446, grade C, yield strength 40,000 psi, zinc-coated by the hot-dip process per ASTM A525. Yield strength for UDLT track is 33,000 psi. See Section 09260 for interior non-load bearing partition framing. DIVISION 6 WOOD & PLASTIC 06200 FINISH CARPENTRY Plumbing by licensed N.C. contractor. DIVISION 9 FINISHES 09260 GYPSUM BOARD SYSTEMS A. Metal studs and tracks galvanized or galvalume steel ASTM C645. See drawings for size. B. Gypsum wall board: USG regular panels, ASTM C 36, 5/8” min. thickness, and USG water resistant panels at shower rooms 123 & 127, ASTM C630, 5/8” min. thickness. C. Fasteners ASTM C1002 type S12, hardened screws. D. Tape, fill, and sand exposed joints, edges and corners to produce smooth surface ready to receive finishes. 09510 ACOUSTICAL CEILINGS A. SUSPENSION SYSTEMS 1. Manufacturers: Armstrong 2. Grid: ASTM C635, 4’ hanger spacing; components die cut and interlocking equal to Armstrong Prelude MX 15/16” exposed tee system 3. Grid Finish: white. 4. Support Channels and Hangers: Galvanized steel, size and type to suit application. B. ACOUSTICAL UNITS 1. Armstrong Minaboard 2’ x 4’ x 5/8” lay-in design No. 755, fissured, white. 09650 RESILIENT FLOORING 1. VINYL COMPOSITION TILE: Armstrong Imperial texture standard Excelon, 12” x 12” x 1/8”, selected color and style from regular cost items 2. VINYL BASE: Armstrong color integrated vinyl wall base, 4” height, .080” gauge, coved toe design, selected color. Matching coved external corners. 15700 HEATING, VENTILATING, & AIR-CONDITIONING EQUIPMENT 1. Manufacturing/warehouse area: (4) gas fired unit heaters including gas piping sized @ 2psi, power vented, thermostats, side wall termination and hot surface ignition. 2. Office area: (2) Carrier 90% gas furnace, (3) 3 ton coils and outside condensing units, sheet-metal duct system insulated with 1” liner and insulated flexible run-outs from main trunk duct to diffuser, refrigerant piping between indoor and outdoor unit, (12) lay in supply diffusers and (4) lay-in return grills, (2) exhaust fans and vent fans to outside. HVAC by licensed N.C. contractor. DIVISION 16 ELECTRICAL Electrical by licensed N.C. contractor. 09680 CARPET FLOORING See allowance schedule for carpet materials and installation. 09900 PAINTING (See also finish schedule and notes on drawings.) PART 1 - GENERAL 1.1SECTION INCLUDES - Surface preparation and field application of paints and coatings. PART 2 - PRODUCTS Manufacturers: 1. Sherwin Williams. 2. Benjamin Moore. 3. AC Horn DATE DIVISION 7 THERMAL & MOISTURE PROTECTION 07210 BUILDING INSULATION PART 1 - GENERAL 1.1 SECTION INCLUDES A. Batt thermal insulation in exterior wall and roof construction. B. Batt ceiling insulation. C. Rigid foam insulation PART 2 - PRODUCTS A. Foundation and below-grade insulation shall be equal to Foamular 250 extruded polystyrene (R=5.4 per 1 inch @ 40° F). B. Metal frame wall insulation shall be equal to Certainteed unfaced fiberglass batts, 3-1/2” thick (R-13) ASTM C 665 Type I. C. Metal building insulation of roof and walls shall be as follows: 6” thick, uncompressed R value of 13, white vinyl face. PART 3 - EXECUTION 3.1 EXAMINATION - Verify that substrate, adjacent materials, and insulation boards are dry and ready to receive insulation. 3.2 A. B. C. D. E. INSTALLATION Install insulation and vapor barrier in accordance with insulation manufacturer's instructions. Install batt insulation in exterior wall system, roof system and ceiling spaces without gaps or voids. Fit insulation tight in spaces. Leave no gaps or voids. Install friction fit insulation tight to framing members, completely filling prepared spaces. Place vapor barrier on warm side of insulation by securing in place. Extend vapor and air barrier tight to full perimeter of adjacent window and door frames and other items interrupting the plane of membrane. Tape seal in place. F. Foamed in place insulation shall be installed by manufacturer’s approved installer according to manufacturer’s requirements. SCHEDULE Metal Building Systems walls – 4”, R-13, vinyl faced fiberglass. Metal Building Systems roof – 4”, R-13, vinyl faced fiberglass. Suspended acoustic ceilings – 6”, R-19, unfaced fiberglass. Metal Stud walls – 4”, R-13, unfaced fiberglass. 07900 JOINT SEALERS PART 1 - GENERAL 1.1 SECTION INCLUDES A. Preparing sealant substrate surfaces. B. Placement of joint fillers, backing, and sealant. 1.2 SYSTEM DESCRIPTION System performance to achieve moisture and air tight joint seals. 1.3 QUALITY ASSURANCE Perform Work in accordance with sealant manufacturers requirements for preparation of surfaces and materials installation instructions. PART 2 - PRODUCTS 2.1 SEALANTS A. General Exterior Joints: Pecora 860 Silicone Type complying with ASTM C920. Use for exterior siding, door and window frames, and general exterior joints. B. Interior wet areas. GE Sanitary 1700, Mildew Resistant silicone sealant. Ceramic tile, sinks, plumbing. Color – White. C. High Movement Joints Masonry and Flashing: “Dymeric”, selected color, as manufactured by Tremco, 10701 Shaker Blvd., Cleveland, Ohio 44104. D. Tape sealants for metal roof and wall panel laps: Preformed Butyl rubber base, 3/16”x1/4” extruded shape minimum. E. Interior Joints: Dap Acrylic Latex Caulk with Silicone. 2.2 ACCESSORIES A. Joint Cleaner: Non-corrosive and non-staining type, recommended by sealant manufacturer; compatible with joint forming materials. B. Joint Backing: ASTM D1056; round, closed cell polyethylene foam rod; oversized 30 to 50 percent larger than REVISIONS: 3.2 APPLICATION A. Apply products in accordance with manufacturer's instructions. B. Sand transparent finishes lightly between coats to achieve required finish. C. Where clear finishes are required, tint fillers to match wood. 3.3 CLEANING - As work proceeds, promptly remove finishes where spilled, splashed, or spattered. 3.4 SCHEDULE - EXTERIOR SURFACES A. Steel - Shop Primed: 1. Touch-up with alkyd primer. 2. Two coats of alkyd enamel semi-gloss. B. Steel - Galvanized: 1. Prime coat, latex, exterior primer. 2. One coat latex house and trim paint, medium gloss. 3.5 SCHEDULE - INTERIOR SURFACES A. Wood - Painted: 1. One coat of latex primer sealer. 2. Two coats of latex gloss enamel. B. Wood - Transparent (Doors) 1. Filler coat (for open grained wood only). 2. One coat of stain. 3. Two coats of polyurethane finish. C. Concrete Floor: 1. Curing/sealing compound, equivalent to W.R. Meadows A-309, 30% solid, installed per manufacturer’s recommendations. D. Gypsum Board: 1. One coat of latex primer sealer. 2. Two coats of latex gloss or eggshell E. Concrete Masonry 1. One coat Block Filler 2. Two coats Sherwin Williams Promar 200 latex EG-Shel Enamel F. Steel - Shop Primed: 3. Touch-up with alkyd primer. 4. Two coats of alkyd enamel semi-gloss. DIVISION 10 SPECIALTIES 10800 TOILET ACCESSORIES Install the following in toilet room as required: 1. Mirror, (2) Bobrick B-165 1836, 18” wide x 36” high mirror with stainless steel channel frame 2. Grab bars. Bobrick Series B-6806 with snap flange, 18 gauge type 304 stainless steel, 1 1/2” diameter, satin finish. See drawings for required bars and locations. 3. Paper holder. (3) Bobrick B-685. 4. Towel Dispenser. (2) Bobrick B-262 Surfaced-Mounted Stainless Steel, C-Fold Towel Dispenser. 5. Soap Dispenser. (2) Bobrick B-2112, Surface-Mounted, Stainless Steel, Liquid Soap Dispenser. DIVISION 13 SPECIAL CONSTRUCTION 13122 METAL BUILDING SYSTEMS A. Metal building system shall be equal to Ceco Building Systems, rigid frame. Complete system shall be designed in strict conformance to minimum N.C. Building Code Structural Loads for Henderson County, including wind, live, dead and seismic loads. Provide shop drawings sealed by professional engineer. B. Metal siding shall be equal to Ceco Building System 26-gage MVW panels with CERAM-A-STAR 950 paint finish. Color SP1 Henderson County, NC PART 3 – EXECUTION Set and secure materials in place, plumb, and level. Sand work smooth, set exposed fasteners, prepare for finishing. 03/05/2003 Western North Carolina Vault PART 2 – PRODUCTS See drawings for specific requirements PART 3 - EXECUTION 3.1 EXAMINATION AND PREPARATION OF NEW SURFACES A. Verify that substrate conditions are ready to receive work. B. Measure moisture content of porous surfaces using an electronic moisture meter. Do not apply finishes unless moisture content is less than 12 percent. C. Correct minor defects and clean surfaces which affect work of this Section. D. Remove or mask electrical plates, hardware, light fixture trim, escutcheons, and fittings prior to preparing surfaces or finishing. E. New Gypsum Board Surfaces: Fill minor defects with latex compounds. Spot prime defects after repair. F. Galvanized Surfaces: Remove surface contamination and oils and wash with solvent. Apply coat of etching primer. G. Uncoated Ferrous Surfaces: Remove scale by wire brushing, sandblasting, clean by washing with solvent. Apply treatment of phosphoric acid solution. Prime paint after repairs. H. Shop Primed Steel Surfaces: Sand and scrape to remove loose primer and rust, power tool clean, clean surfaces with solvent. Prime bare steel surfaces. I. Interior Wood Items Scheduled to Receive Paint Finish: Wipe off dust and grit prior to priming. Seal knots, pitch streaks, and sappy sections with sealer. Fill nail holes and cracks after primer has dried; sand between coats. J. Interior Wood Items Scheduled to Receive Transparent Finish: Wipe off dust and grit prior to sealing, seal knots, pitch streaks, and sappy sections with sealer. Fill nail holes and cracks after sealer has dried; sand lightly between coats. K. Concrete and Unit Masonry Surfaces scheduled to receive sealer or paint finish: Remove foreign matter. Remove oil and grease with a solution of tri-sodium phosphate, rinse well and allow to dry. New Construction for: PART 1 – SCOPE Wood trim, casework, hardware and attachable accessories 3.3 A. B. C. D. PART 3 - EXECUTION 3.1 EXAMINATION AND PREPARATION A. Verify that surfaces and joint openings are ready to receive work, and that joint measurements and surface conditions are as recommended by the sealant manufacturer. B. Remove loose materials and foreign matter which may impair adhesion of sealant. C. Verify that joint backing and release tapes are compatible with sealant. D. Perform preparation in accordance with ASTM C804 for solvent release, C790 for latex base sealants. shall be selected by Owner. C. Metal roofing shall be equal to Ceco Building System, CLP, mechanically seamed in place roof system. Panels shall be standard 24-gage, zinc-aluminum steel sheet material. D. Provide accessories and components indicated in Drawings and Specifications. Provide all components required for a complete weather-tight building system. Member, American Institute of Architects 184 EAST CHESTNUT ST., ASHEVILLE, NC 28801 Ph: 828-251-2357 fax 828-225-0530 gstowe@buncombe.main.nc.us joint width. C. Bond Breaker: Pressure sensitive tape recommended by sealant manufacturer to suit application. GEORGE STOWE, ARCHITECT SPECIFICATIONS