OFFERING MEMORANDUM - Amazon Simple Storage …s3.amazonaws.com/loa.data/inv/3333160/4337 4357 4371...

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NRC, LRO & RM-8 ZONED FOUR LAND TRACT ASSEMBLAGE OFFERING MEMORANDUM LAND & DEVELOPMENT SERVICES

Transcript of OFFERING MEMORANDUM - Amazon Simple Storage …s3.amazonaws.com/loa.data/inv/3333160/4337 4357 4371...

N R C , L R O & R M - 8 Z O N E D F O U R L A N D T R A C T A S S E M B L A G E

O F F E R I N G M E M O R A N D U M

L A N D & D E V E L O P M E N T S E R V I C E S

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| T A B L E O F C O N T E N T S

THE OFFERINGDisc la imer & Limit ing Condi t ions 3 Execut ive Summar y 4 Proper ty Over v iew 5

THE PROPERTYParce l Map 6Area Locat ion Maps 7 Area Highl ights 8Conceptua l P lan 9 Zoning 10 Demographics & Traff ic Count 11

THE MARKETSold Comparables 13 Market Trends 15 About The Area 17 Broker Prof i le 18Team Prof i le 19

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This Conf ident ia l Offer ing Memorandum conta ins se lected infor mat ion per ta in ing to the Proper ty but does not purpor t to be a l l - inc lus ive or to conta in a l l of the infor mat ion that a prospect ive pur-chaser may require. Al l f inancia l pro ject ions are provided for genera l reference purposes only and are based upon assumpt ions re la t ing to the genera l economy, compet i t ion and other factors, which therefore, are subject to mater ia l change or var ia t ion. Prospect ive purchasers may not re ly upon the f inancia l pro ject ions, as they are i l lus t ra t ive only. An oppor tuni ty to inspect the Proper ty wi l l be made ava i lab le to qua l i f ied prospect ive purchasers.

In th is Conf ident ia l Memorandum, cer ta in documents, inc luding f inancia l infor mat ion, are descr ibed in summar y for m and do not purpor t to be complete or accurate descr ipt ions of the fu l l ag reements involved, nor do they const i tute a lega l ana lys i s of such documents. Interested par t ies are expected to rev iew independent ly a l l documents.

This Conf ident ia l Memorandum is subject to pr ior p lacement , er rors, omiss ions, changes or wi th-drawal wi thout not ice and does not const i tute a recommendat ion, endorsement or advice as to the va lue of the Proper ty by Bul l Rea l ty Inc. or the cur rent Owner/Sel ler. Each prospect ive purchaser i s to re ly upon i t s own invest ig at ion, eva luat ion and judgment as to the advisabi l i ty of purchas ing the Proper ty descr ibed here in .

Owner/Sel ler express ly reser ve the r ight , a t i t s so le d iscret ion, to re ject any or a l l express ions of interest or offers to purchase the Proper ty and/or to ter minate d iscuss ions wi th any par ty a t any t ime wi th or wi thout not ice. Owner/Sel ler sha l l have no lega l commitment or obl ig at ion to any purchaser rev iewing th is Conf ident ia l Memorandum or making an offer to purchase the Proper ty unless a wr i t ten ag reement for the purchase of the Proper ty has been fu l ly executed , de l ivered and approved by the Owner/Sel ler and any condi t ions to the purchaser ’s obl ig at ions there in have been sat i s f ied or waived. The Se l ler reser ves the r ight to move forward wi th an acceptable offer pr ior to the ca l l for offers deadl ine.

This Conf ident ia l Memorandum may be used only by par t ies approved by the Owner. The Proper ty i s pr ivate ly offered , and by accept ing th is Conf ident ia l Memorandum, the par ty in possess ion hereof ag rees ( i ) to return i t i f requested and ( i i ) that th is Conf ident ia l Memorandum and i t s contents are of a conf ident ia l nature and wi l l be he ld and t reated in the s t r ic tes t conf idence. No por t ion of th is Conf ident ia l Memorandum may be copied or otherwise reproduced or d isc losed to anyone wi thout the pr ior wr i t ten author izat ion of Bul l Rea l ty, Inc. or Owner/Sel ler. The ter ms and condi t ions set for th above apply to th is Conf ident ia l Memorandum in i t s ent i re ty and a l l documents, d isks and other infor mat ion provided in connect ion therewith .

| D I S C L A I M E R & L I M I T I N G C O N D I T I O N S

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Bul l Rea l ty i s p leased to present the oppor tuni ty to acquire four ad jacent land parce ls less than ha l f a mi le f rom Cobb Hospi ta l and just south of the East -West Connector on heavi ly t rave led Auste l l Road.

The assemblage i s approximate ly 6 .5 acres, i s zoned NRC, LRO and RM-8 and i s sand-wiched between two commerc ia l zoned lots. I t a l so hosts over 500 feet of f rontage on Auste l l Road.

With the cur rent zoning , the s i te i s idea l for re ta i l and off ice park use. However, the owner wi l l cooperate wi th a zoning change. Al l ut i l i t i es are on s i te.

N R C , L R O & R M - 8 Z O N E D F O U R T R A C T A S S E M B L A G E

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Address 4337 Auste l l Road Auste l l , GA 30106County CobbAssessor ’s Parce l 19099300170Square Footage 60 ,112 SFAcreage 1 .38 ACFrontage 279 SFZoning C3

Address 4379 Auste l l Road Auste l l , GA 30106County CobbAssessor ’s Parce l 191006000470Square Footage 17 ,348 SFAcreage 0 .4 ACFrontage 121 SFZoning C3

Address 4357 Auste l l Road Auste l l , GA 30106County CobbAssessor ’s Parce l 19100600010Square Footage 74 ,052 SFAcreage 1 .7 AC Frontage 102 SFZoning C4

Address 4371 Auste l l Road Auste l l , GA 30106County CobbAssessor ’s Parce l 19100600020Square Footage 134 ,024 SF Acreage 3 .08 ACFrontage 25 SFZoning C4

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279 FT

64 FT

166 FT

416 FT

89 FT

156 FT

304 FT

454 FT

97 FT

200 FT

598 FT

564 FT

102 FT

121 FT128 FT

129 FT

151 FT25 FT

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| A R E A L O C A T I O N M A P S

4337, 4357, 4371, 4379 AUSTELL ROAD

ATLANTA DECATUR

TUCKER

LILBURNSNELLVILLE

MONROE

COMMERCE

WINDER

ATHENS

BRASELTON

COVINGTON

CONYERS

DORAVILLESMYRNA

MABLETON

ROSWELL

ALPHARETTA

MARIETTADALLAS

KENNESAW

ACWORTH

CARTERSVILLE

ADAIRSVILLE

WOODSTOCK

CANTON

CUMMING

MILTON

LAKE LANIER

NELSON

LAWRENCEVILLE

JOHNS CREEK

SUWANEE

BUFORD

GAINESVILLE

EAST POINT

FOREST PARK

STOCKBRIDGE

JONESBORO

FAIRBURNRIVERDALEUNION CITY

FAYETTEVILLE

DOUGLASVILLE

MCDONOUGH

PEACHTREECITY

NORTHATLANTA

HOLLYSPRINGS

NORCROSSSANDYSPRINGS

POWDERSPRINGS

75

20

20

575

285

7585

85

85

400

985

HARTSFIELD-JACKSONINTERNATIONAL AIRPORT

PEACHTREE DEKALBAIRPORT

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EAST WEST COMMONS SHOPPING CENTER

SILVER COMET TRAIL

SOUTH COBB HIGH SCHOOL

DOGWOOD GOLF CLUB

A R E A H I G H L I G H T S |

Within 1 mile of subject property:

East West Commons Shopping Center:• Lowe’s Home Improvement• OfficeMax• T.J. Maxx• Target• PetSmart• Party City• Chili’s • Five Guys Burgers and Fries• Game Stop

• WellStar Cobb Hospital• Silver Comet Trail entry• South Cobb High School• Cobb County Tax Commissioner• RaceTrac• Dogwood Golf Club• Kohl’s• O’Charley’s• Red Lobster• Walgreens

WELLSTAR COBB HOSPITAL

COBB COUNTY TAX COMMISSIONER

WALGREENS, RED LOBSTER, O’CHARLEY’S

KOHL’S

RACETRAC

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Georgia

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NRC NEIGHBORHOOD RETAIL COMMERCIAL DISTRICT

The regula t ions for the NRC neighborhood reta i l commerc ia l d is t r ic t are as fo l lows :

The NRC dis t r ic t i s es tab l i shed to provide locat ions for convenience shopping fac i l i t ies which are on proper t ies de l ineated wi th in a ne ighborhood act iv i ty center, community act iv i ty center or reg iona l act iv i ty center.

Per mit ted uses are as fo l lows :

• Banks and f inancia l ins t i tut ions wi th dr ive- in es tabl i shment or automated t ransfer machines• Bi l l i a rds and pool ha l l s• Carwashes• Churches, chapels, temples, synagogues, and other such p laces of worship. Commerc ia l pro-

duce and ag r icu l tura l product s tands• Community fa i rs• Convenience food s tores wi th se l f -ser v ice fue l sa les, provided that the bui ld ing sha l l not

exceed 3 ,000 square feet in g ross f loor area and that no automot ive repa i rs sha l l be done on-s i te

• Cul tura l fac i l i t i es• Des ignated recyc l ing col lect ion locat ions• Eat ing and dr inking es tabl i shments, inc luding dr ive- in fas t food res taurants• Emiss ions or inspect ion s ta t ions• Execut ive gol f courses • F i lm deve loping and pr int ing fac i l i t ies• Freestanding c l imate contro l led se l f -ser v ice s torage fac i l i t ies

Spec ia l l and use per mit as required :

• Ful l ser v ice g asol ine s ta t ions• Funera l homes• Golf courses, 18-hole regula t ion, publ ic and pr ivate• Golf courses, par 3 • Group homes• In-home day care• Laundr y and dr y c leaning p ickup es tabl i shments• Light automot ive repa i r es tabl i shments, provided the bui ld ing sha l l not exceed 8 ,000 square

feet in f loor area• Neighborhood reta i l uses• Nonautomot ive repa i r ser v ice es tabl i shments. Nonprof i t ( seasonal use) f i sh ing lakes• Nurser y schools and chi ld day care centers. Off ice ser v ice and supply es tabl i shments• Park ing for vehic les• Pr ivate parks• Profess iona l off ices• Radio, te lev is ion and other communicat ion towers and antennas• Rest homes, personal care homes or convalescent homes• Se l f -ser v ice laundr y fac i l i t ies

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Populat ionHouseholds

Average Household Income

Populat ionHouseholds

Average Household Income

Populat ionHouseholds

Average Household Income

8,9933,445$68,819

57,07920,701$70,073

163,61957,490$70,538

2016 DEMOGRAPHICS (Esri) 1 MILE

3 MILES

5 MILES

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35,270

39,000

5,809

26,740

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MAP # STREET ADDRESS CITY SIZE SOLD DATE SALE PRICE PRICE/AC DETAIL PAGE

Subject Property

4337, 4357, 4371, 4379 Austell Road

Austell 6.5 AC TBD $1,599,000 $246,000 14

1 Floyd Road SW at White Boulevard

Mableton 10.5 AC 5/13/2016 $2,334,000 $222,286 14

2 3602 Marathon Circle Austell 1.5 AC 7/20/2015 $300,000 $200,000 14

3 3802 Medical Park Drive Austell 2.8 AC 2/17/2015 $500,000 $178,571 14

4 1810 Mulkey Road Austell 1.0 AC 12/21/2015 $300,000 $300,000 14

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SUBJECTPROPERTY

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SOLD COMP - Floyd Rd at White Blvd.

SOLD COMP - 3820 Medical Park Dr.SOLD COMP - 3602 Marathon Circle

SUBJECT PROP - 4337, 4357, 4371, 4379 Austell Rd.

Property Size 10.5 AC Closing Date 5/13/2016Sold Price $2,334,000Price/AC $222,286

Property Size 2.8 AC Closing Date 2/17/2015Sold Price $500,000Price/AC $178,571

Property Size 1.5 ACClosing Date 7/20/2015Sold Price $300,000Price/AC $200,000

Property Size 6.5 ACSale Price $1,599,000Price/AC $246,000

COMMENTS: This acreage was zoned R-20 and a l l u t i l i t i es were inc luded. I t was so ld for commerc ia l use.

COMMENTS: This acreage was zoned O&I and a l l u t i l i t i es were inc luded. I t was so ld for medica l use.

COMMENTS: This acreage was zoned GC and a l l u t i l i t i es were inc luded. I t was so ld for commerc ia l use.

COMMENTS: This assemblage cons is ts on 4 parce ls zoned NRC, LRO and RM-8.

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SOLD COMP - 1810 Mulkey Rd.Property Size 1.0 AC Closing Date 12/21/2015Sold Price $300,000Price/AC $300,000

COMMENTS: This acreage was zoned O&I and a l l u t i l i t i es were inc luded. I t was so ld for medica l use.

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R E T A I L

According to the Esr i Reta i l Market P lace Prof i le , s t rong reta i l demand is indicated for e lectronics, appl iances, spor t ing goods, hobby and spec ia l ty re ta i lers. The market i s cur rent ly sa turated wi th supply and auto par t re ta i lers. Also, wi th in a 5 mi le rad ius are f ive large shopping centers averag ing 326,625 SF.

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O F F I C E

Avai labi l i ty Sur vey 5-Year Avg.Gross Rent/SF $17.12 $17 .51Vacancy Rate 9 .6% 10 .8%Vacant SF 48 ,290 51 ,199Avai lab i l i ty Rate 10% 13%Avai lab le SF 50 ,190 61 ,168Sublet SF 0 2 ,363Months on Market 29 .1 26 .4

Demand Sur vey 5-Year Avg.12 Mo. Absorp. SF 22 ,663 -1 ,68712 Mo. Leas ing SF 13 ,818 26 ,818

Inventor y Sur vey 5-Year Avg.Exist ing Bui ld ings 43 42Exis t ing SF 502,322 472 ,11412 Mo. Const . Star ts 0 0Under Constr uct ion 0 012 Mo. Del iver ies 0 0

Sales Sur vey 5-Year Avg.Sale Pr ice/SF $373 $221Asking Pr ice/SF $120 $157Sa les Volume (Mi l . ) $13 $7 .1Cap Rate n/a 7 .9%

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A U S T E L L , G E O R G I A From a wor ld c lass amusement park , to a h is tor ic mi l l and v i l l age that i s on the Nat iona l Regis ter of His tor ic P laces, Auste l l has some-th ing for ever yone to enjoy.

Auste l l was f i rs t known as Sa l t Spr ings due to the cool l i th ia water spr ings in the area . As one of the most wel l known hea l th resor ts in the South , Auste l l was the premiere dest inat ion for v is i tors looking for waters that were thought to have medic ina l purposes.

Today, Auste l l i s wel l -known as the home to one of the most popular amusement parks in the South – S ix Flags over Georg ia . In addi t ion, the community a l so offers numerous outdoor recreat iona l oppor tu-ni t ies inc luding ten outdoor publ ic parks and a t ree- l ined 18-Hole, 6 ,480 yard , par-71 semi-pr ivate gol f course.

Located just 18 mi les f rom Downtown At lanta , Auste l l provides a f r iendly, smal l town atmosphere wi th convenient access to major thoroughfares such as Inters ta te 20 and 285. Res idents and v is i tors wi l l en joy the numerous recreat ion fac i l i t ies mainta ined by the Parks and Recreat ion depar tment , as wel l as the c lose proximity to numer-ous res taurants, shopping dest inat ions and c i ty ameni t ies. Auste l l i s a l so par t of the Cobb County School System, one of the h igh-est - ranked school sys tems in the area .

C O B B C O U N T Y , G E O R G I A As the th i rd largest county in Georg ia , Cobb has been looked at by many bus inesses and at t ract ions as a home base. Most recent ly, the At lanta Braves broke g round on the i r new stad ium, Suntr ust Park , opening for the 2017 baseba l l season. The At lanta Blaze profess iona l locross team and At lanta Uni ted Major League Soccer team a lso ca l l Cobb home. Other popular p laces to v is i t inc lude Kennesaw Moun-ta in , Mar ie t ta Square, Cobb Energ y Perfor ming Ar ts Centre and Ken-nesaw State Univers i ty, Georg ia ’s th i rd largest univers i ty.

A quick 20 minute dr ive f rom Downtown At lanta , Cobb County has become a s igni f icant par t of the At lanta metropol i tan area . With i t s top perfor ming schools, low proper ty taxes and var ious recreat iona l act iv i t ies, a wide var ie ty of people ca l l i t home. With a c lose proxim-i ty to Downtown At lanta , Cobb offers res idents the convenience of the c i ty job market wi thout having to l ive wi th in the c i ty l imi ts.

Popular ne ighbor ing areas of Cobb inc lude Vinings, Buckhead, Mid-town, West Midtown, Li t t le F ive Points and Virg in ia Highlands. Al l of these ne ighborhoods offer t rendy res taurants, unique shopping and are home to some of At lanta ’s iconic hot spots inc luding Lenox Square mal l , The Vars i ty and Piedmont Park .

| A B O U T T H E A R E A

L O C A T I O N

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ERNIE ANAYA V.P. Healthcare Real Estate Services Ernie Anaya , MBA is a veteran hea l thcare pract ice consul tant . As V.P. for Heal thcare Rea l Estate Ser v ices a t Bul l Rea l ty, Er-n ie focuses on de l iver ing commerc ia l rea l es ta te so lut ions for hea l thcare providers—including large medica l g roup pract ices, c l in ics, and integ rated hea l thcare sys tems- that meet the i r c l ient demographic prof i les, space requirements, and compl iance wi th OSHA, Stark and Ant i -Kickback laws and HIPAA. His goa l i s to he lp hea l thcare c l ients deve lop and execute successfu l hea l th-care rea l es ta te s t ra teg ies that meet space requirements, and g rowth and prof i tab i l i ty goa ls.

Anaya has over 20 years of exper ience in For tune 500 Bus i -ness- to-Bus iness and Management Consul t ing , wi th a focus on the hea l thcare industr y. Prev ious For tune 500 exper ience in-c ludes Abbott Laborator ies - Diagnost ics Div is ion, GE Medica l Systems, Cardina l Heal th , and Xerox Corporat ion. His consul t -ing exper ience inc ludes Cl ient Solut ions Director wi th EMC Corporat ion cover ing Depar tment of the Ar my in US and Ger-many, and Pr inc ipa l , Hea l thcare Sector wi th Sun-Gard Consul t -ing Ser v ices. He i s exper ienced in Meaningfu l Use and HIPAA compl iance cover ing the US and Lat in Amer ica and has over 15 years of exper ience in data center des ign , mig rat ion and co- lo-cat ion ser v ices. In addi t ion, he i s a for mer Ar my Off icer wi th the 1st Cava l r y Div is ion, a L i fe Member of the Amer ican Legion, and Strath-more Who’s Who Worldwide. He i s a l so a member of the Ar my & Navy Club in Washington, D.C. , and the Yacht Club of Hi l ton Head Is land. PERRY HAYES V.P. Land & Development Per r y Hayes has been se l l ing and deve loping rea l es ta te in the At lanta area for over twenty years as owner of h is own con-str uct ion company. Per r y jo ined Bul l Rea l ty to provide h is c l ients a market ing p la t for m proven to maximize asset va lue in th is economic cyc le. Per r y uses h is exper ience in land sa les and acquis i t ions, s i te ana lys i s and deve lopment sk i l l s to add va lue to h is c l ients ’ rea l es ta te t ransact ions.

Per r y i s a member of the Nat iona l Associa t ion of Rea l tors and the At lanta Commerc ia l Board of Rea l tors. Per r y rece ived a B.S. Deg ree f rom Auburn Univers i ty.

B R O K E R P R O F I L E S |

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EXCLUSIVELY LISTED BY:

Ernie Anaya 404-876-1640 x 130 [email protected]

Perry Hayes 404-876-1640 x 135

[email protected]

ERNIE ANAYA V.P. Healthcare Real Estate Services PERRY HAYESV.P. Land & Development

AUBRI LIENEMANNMarketing

RICK LEWISMarketing

SCOTT JACKSONAnalyst

| T E A M P R O F I L E