BLUE SPRINGS STATION - LoopNet

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BLUE SPRINGS STATION 3400 Blue Springs Road Kennesaw, GA 30144

Transcript of BLUE SPRINGS STATION - LoopNet

BLUE SPRINGSS T A T I O N3400 Blue Springs RoadKennesaw, GA 30144

Presented by:

Justin [email protected]

Dan [email protected]

McWhirter Realty Partners, LLC300 Galleria ParkwaySuite 300Atlanta, GA 30339770.955.2000

www.mcwrealty.com

Confi dentiality Agreement & Disclaimer This is a confi dential Memorandum intended solely for your limited use and benefi t in determining whether you desire to express further interest in the acquisition of the Property. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confi dential nature, that you will hold and treat it in the strictest confi dence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or McWhirter Realty Partners, LLC (“MRP”). You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or MRP.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclu-sive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All fi nancial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner or MRP. Therefore, all projections, assumptions, estimates, and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximate. Additional information and an opportunity to inspect the Property will be made available to interested and qualifi ed prospective purchasers. Certain documents within this Memorandum are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum.

Neither the Owner or MRP, nor any of their respective directors, offi cers, affi liates, or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memo-randum or use of its contents, and you are to rely solely on your investigations and inspection of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner nor MRP shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfi ed or waived.

The information within this Memorandum has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verifi ed it and make no guarantee, warranty, or representation about it. Any assumptions, estimates, projections, or opinions used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investiga-tion of the property to determine to your satisfaction the suitability of the property for your needs.

Contents

Executive Summary ...............................................................5

Property Summary ..................................................................7

Market Summary ....................................................................9

Aerial Tax Plat .......................................................................10

Zoning Map ...........................................................................11

Future Land Use Map ...........................................................12

Topography & Hydrology ....................................................13

Property Photos ............................................................ 14 - 15

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Executive Summary13,581± SF MULTI-TENANT BUILDING ON 1.028±ACRES3400 BLUE SPRINGS ROADKENNESAW, GEORGIA 30144

MRP is pleased to offer for sale or lease, Blue Springs Station, a pristine 13,581± offi ce building located in the City of Acworth, GA. This two-story, Class A, multi-tenant offi ce building was designed and built in 2009 by the award winning architectural fi rm, Croft & Associates. Croft’s forward thinking and architectural acumen has created a one-of-kind property for a future owner. With an eye catching exterior and immaculate interior, this property is ideal for investment, owner/occupant, or corporate headquarters.

Highlights

Building Size 13,581± SF

Year Built 2008

# of Floors 2

Lot Size 1.028± AC

Parking 38 (2.8/1,000 sf)

Elevator None, however elevator shaft is in place

Zoning LRO - Low Rise Offi ce

Municipality City of Acworth

County Cobb

Sale Price $2,308,770 ($170/sf)

Lease Rate $21/sf, Full Service

Available For Lease 7,087 sf (area's highlighted in green on fl oor plan)

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Property SummaryBlue Springs Station is a well located, multi-tenant offi ce property which provides for easy access to several major highways but with a very secluded and tranquil setting. The property is also very conveniently located to Downtown Acworth and Cobb Parkway, which is home to several big box stores and large retail developments. A broad mix of restaurants and retail stores, both franchises and independents, complete the economic make-up of this area.

Blue Springs Station is 7 miles north of Town Center at Cobb, a regional shopping mall with more than 180 department stores, shops and restaurants. Another 1.5 million square feet of ancillary retail surrounds the mall, offering tenants of Blue Springs Station convenient shopping and dining alternatives.

The area schools that serve Blue Springs Station are:

• Kennesaw Primary School• Big Shanty Intermediate School• Awtrey Middle School• North Cobb High School

Tenant Profi les

Tenant Suite SF

Dynamic Sports 100 1,456

Genesis Elevator 101 2,600

*Additional lease details to be provided upon request.

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Location OverviewCity of Acworth

Nicknamed as “The Lake City” Acworth is located in Cobb County Georgia and is part of the Atlanta metropolitan area. The 2018 estimate for Acworth's population is 22,642. Acworth is located in the foothills of the North Georgia mountains along the southeastern banks of Lake Acworth and Lake Allatoona on the Etowah River.

City of Kennesaw

Downtown Kennesaw is a vibrant part of Metro Atlanta that offers world-class amenities while preserving its important ties to the past. This area offers a unique blend of small-town values with big-city employment and amenities.

Downtown Kennesaw offers residents and visitors the charm of a small city along with a stimulating and walkable downtown environment. Located adjacent to the Town Center offi ce market and in close proximity to other major employment centers including Kennestone Hospital, Marietta, and the Cumberland Galleria area, Kennesaw residents enjoy reduced commute times compared to many metro submarkets. This region boasts countless restaurants, shops, nightlife, and cultural offerings many of which are offered on campus and at the stadium of nearby Kennesaw State University.

Demographics

Population 1-mile 3-mile 5-mile2024 Projection 8,014 72,092 156,6412019 Estimate 7,775 69,209 148,8632010 Census 7,845 65,561 135,216Growth 2019-2024 3.07% 4.17% 5.22%

Income 1-mile 3-mile 5-mile2019 Avg Household Income $85,088 $933160 $91,7232019 Med Household Income $69,863 $76,819 $73,356

Source: CoStar

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Tax Aerial

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Zoning Districts

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Future Land Use

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Topography & Hydrology

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