Tyler-Perry-Studios- DRONE & TAX CREDIT OM AUGUST 1 2016

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FOR SALE Tyler Perry Studios Offering CLICK TO WATCH DRONE VIDEO 2796 Continental Colony Parkway, SW | Atlanta, Georgia 30331 Casey Keitchen 404 812 4035 [email protected] Linda Keefe 404 812 4097 [email protected] David Cole 404 812 4025 [email protected] Josh Reeves 404 547 3622

Transcript of Tyler-Perry-Studios- DRONE & TAX CREDIT OM AUGUST 1 2016

Page 1: Tyler-Perry-Studios- DRONE & TAX CREDIT OM AUGUST 1 2016

FOR SALE

Tyler Perry Studios Offering

CLICK TO WATCH DRONE VIDEO

2796 Continental Colony Parkway, SW | Atlanta, Georgia 30331

Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

Information is deemed from reliable sources. No warranty is made as to its accuracy.

1 Introduction of Opportunity

2 Site Location & Competitive Advantage

3 Site Plan

4 Site Specifications

5 Floor Plans - Sound Stages - Office Buildings

6 Metro Atlanta Movie Studios

7 Tax Credits & Incentives

Table of ContentsTyler Perry Studios

TPS Office Building

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

Tyler Perry Studios

1 Introduction of Opportunity

OpportunityTyler Perry Studios consists of 56.6 acres of fenced property on the southern edge of the Atlanta Metropolitan District. With approximately 50,595 square feet of sound stage space and 126,225 square feet of office and production space, Tyler Perry Studios is one of the few large-scale production facilities located in close proximity to the activity and business center of a major city. Additionally, unlike most film studio developments taking place in the Atlanta area, Tyler Perry Studios is not subject to zoning restrictions for new expansions or various city-imposed restrictions, allowing greater creative license on site than can be found anywhere else in Metro Atlanta.

Georgia and FilmingGeorgia has emerged among the top three states in the country for film production. The state’s diverse geography, moderate climate, transportation infrastructure, skilled film crews and highly desirable financial incentives have made it an attractive choice for film companies looking to shoot outside traditional locales such as Los Angeles and New York City. Given the lack of true, purpose-built sound stages in the city conducive to shooting full feature films, television show and commercials, the investor has a once in a lifetime opportunity to capitalize on this market need, with the intended goal of sustaining and growing the movie business in Atlanta, making it the “Hollywood of the South.”

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

Tyler Perry Studios

1 Introduction of Opportunity

LocationThe site is located in the Greenbriar neighborhood of southwestern Atlanta. Ideally located on the east side of Atlanta’s Perimeter Highway ( Interstate 285) and stretching from Langford Parkway, the property is in close proximity to the world’s busiest airport, downtown Atlanta and the entertainment districts of Buckhead and Midtown.

Subject Property to: Distance:

I-285 (Atlanta’s Perimeter) 1 Mile

Hartsfield-Jackson International Airport 4 Miles

Downtown Atlanta 9 Miles

Midtown 12 Miles

Buckhead 14 Miles

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

Key Factors

• Film production facility

• 56.6 Acres of gated and fenced property in metro Atlanta, Georgia

• 23.4 Acres developed and consisting of office buildings, sound stages, back lots, street scenes and on-site parking for employees

• 33.2 Acres available for future expansion (includes ±5 acre lake)

• 5 Sound stages: ±50,595 SF (32' clear)

• 4 Office buildings: ±126,225 SF including executive offices, post production, wardrobe, theater, employee cafeteria and health center

• Back lot stages include neighborhood with 11 homes and city street back lot ±28,930 SF (12' clear)

2 Site Location & Competitive Advantage

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

3 Site PlanTyler Perry Studios

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

4 Site SpecificationsSITE ACRESDeveloped Space 23.40

Future Expansion 33.20

Total 56.60

OFFICE USES NOMINAL SF

Executive Office Area 40,000.00

Production and Bull Pen Areas 12,000.00

Dressing Area 18,000.00

Post Production 5,000.00

Theater 7,150.00

Café 7,150.00

Health Club 2,000.00

Common Areas 34,925.00

Total 126,225.00

Future Office / Sound Stage 17,600.00

Site allows for larger building

OFFICE BUILDINGS NOMINAL SFBuilding E1 55,450.00

Building E2 21,040.00

Building E3 17,917.00

Building E4 13,781.00

Basements (Combined Buildings) 18,037.00

Total 126,225.00

SOUND STAGES NOMINAL SF DIMENSIONSStage P1 11,907.00 73.5 x 162

Stage P2 16,412.00 220 x 74.6

Stage P3 7,425.60 112 x 66.3

Stage P4 7,425.60 112 x 66.3

Stage P5 7,425.60 112 x 66.3

Total 50,595.80

SOUND STAGES GENERAL NOTES:“Clear” Deck Height of Sound Stages 32'Grid Specs: Beam Pockets for Suspended Aluminum LightsAll Stages: 2500 AMP/3 PhasePre-cast Concrete Wall Panels/Double T Roof8" Concrete Insulated Wall Panel/3" K-13 Sound InsulationOverhead Door Dimensions: 12'x16'One (1) 10 Ton Roof Top Unit Per Sound StageConcrete Slab on Grade with 2"x ¾" Plywood Base

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Tyler Perry Studios

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

4 Site Specifications

BACK LOT CUL-DE-SAC NOMINAL SF

BL House 1 2,500

BL House 2 3,188

BL House 3 4,860

BL House 4 3,100

BL House 5 2,500

BL House 6 2,538

BL House 7 2,538

BL House 8 1,350

BL House 9 1,350

BL House 10 3,006

BL House 11 2,000

Total 28,930

BACK LOT GENERAL NOTES:

Nominal “Clear” Ceiling Height 12'

Single Family Home Construction (11 “Houses”)

China Ball Lighting

60 AMP House Power

Wood Frame Construction

Drywall/Insulation/K-13 Upper Ceiling

Concrete Slab on Grade Floor

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Sound Stages

P2

P1P3

P3

P3

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Sound Stages (P1)

THIS DRAWING IS THE PROPERTY OF GSB ARCHITECTS, INC., AND MAY NOT BE REPRODUCED OR USED WITHOUT PRIOR WRITTEN AUTHORIZATION.

GSB 3091 EAST SHADOWLAWN AVE NEATLANTA, GEORGIA 30305

O 404-233-6450F 404-233-6451

www.gsbarchitects.com

ARCHITECTS, INC.

enhancing our customers' brand

Drawn by Reviewed by

Project No.

Sheet Title Sheet Number

Original drawing is 11x17.Do not scale contents of this drawing

WRB

07026.00DateClient:

Project Name & Address

DC

ATLANTA, GEORGIA3259 HOGAN ROAD

TYLER PERRY

Prepared for:

TYLER PERRY STUDIOS

TYLER PERRY STUDIOSSTUDIOS

SCALE: 1/16" = 1'-0"

FIRST FLOOR PLAN - BLDG P11

FLOOR PLANSBLDG. P1 1 OF 4

PLAN NORTHTOTAL SF: 12,027 SF

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Sound Stages (P2)

THIS DRAWING IS THE PROPERTY OF GSB ARCHITECTS, INC., AND MAY NOT BE REPRODUCED OR USED WITHOUT PRIOR WRITTEN AUTHORIZATION.

GSB 3091 EAST SHADOWLAWN AVE NEATLANTA, GEORGIA 30305

O 404-233-6450F 404-233-6451

www.gsbarchitects.com

ARCHITECTS, INC.

enhancing our customers' brand

Drawn by Reviewed by

Project No.

Sheet Title Sheet Number

Original drawing is 11x17.Do not scale contents of this drawing

WRB

11001.00DateClient:

Project Name & Address

DC

ATLANTA, GEORGIA3259 HOGAN ROAD

TYLER PERRY

Prepared for:

TYLER PERRY STUDIOS

TYLER PERRY STUDIOSSTUDIOS

SCALE: 1/16" = 1'-0"

FIRST FLOOR PLAN - BLDG P21

FLOOR PLANSBLDG. P2 2 OF 3

PLAN NORTHTOTAL SF: 16,455 SF

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Sound Stages (P3, P4, P5)

THIS DRAWING IS THE PROPERTY OF GSB ARCHITECTS, INC., AND MAY NOT BE REPRODUCED OR USED WITHOUT PRIOR WRITTEN AUTHORIZATION.

GSB 3091 EAST SHADOWLAWN AVE NEATLANTA, GEORGIA 30305

O 404-233-6450F 404-233-6451

www.gsbarchitects.com

ARCHITECTS, INC.

enhancing our customers' brand

Drawn by Reviewed by

Project No.

Sheet Title Sheet Number

Original drawing is 11x17.Do not scale contents of this drawing

WRB

07026.00DateClient:

Project Name & Address

DC

ATLANTA, GEORGIA3259 HOGAN ROAD

TYLER PERRY

Prepared for:

TYLER PERRY STUDIOS

TYLER PERRY STUDIOSSTUDIOS

SCALE: 1/16" = 1'-0"

FIRST FLOOR PLAN - BLDG P3,P4,P51

FLOOR PLANSBLDG. P3,P4,P5 4 OF 4

PLAN NORTH

TOTAL SF: 7,548 SF

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Building E1

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Building E1

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Building E1

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Building E2

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Building E2

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Building E3

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Building E3

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Building E3

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

5 Floor Plans: Building E4

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

6 Area Studios & Vendors

SITE

Atlanta Film Studios110 Thompson Road, Hiram, GA 30141Credits: “42”

Third Rail StudiosAtlanta, GA Former GM Plant, Phase I to be complete 4Q2015

PC&E2235 DeFoor Hills Road NW, Atlanta, GA 30318Credits: My Fake Fiancé, Aqua Teen Hunger Force, Rooms To Go, Nike, HBO, Turner, Home Depot, Toyota, Coca Cola, Georgia Pacific

EUE Screen Gems175 Lakewood Way SE, Atlanta, GA 30315Credits: Turner/Cartoon Network, Viacom/BET, Tyler Perry Studios, Hallmark, Disney/ ABC Family, The Watch, Flight, Necessary Roughness

Turner Studios1920 Techwood Drive, Atlanta, GA 30318Credits: Life As We Know It, Sunday Best, Cartoon Network, numerous commercials

Pinewood StudiosSandy Creek Rd, Fayetteville, GA 30214Credits: Captain America: Civil War (2016), Ant-Man (2015)

Raleigh/Riverwood Studios600 Chestlehurst Road, Senoia, GA 30276Credits: Killers, Sweet Home Alabama, Freejack, Andersonville Fried Green Tomatoes, The War, Pet Sematary II, Mama Flora’s Family, Consenting Adults, The Walking Dead

Tyler Perry Studios3300 Continental Colony Parkway SW, Atlanta, GA 30331Credits: Good Deeds, The Madea Movies, For Colored Girls, Meet the Browns, House of PayneDistance to Hartsfield-Jackson Atlanta International Airport (ATL): 7 MilesDistance to Fulton Airport-Brown Field: 8 Miles Distance to DeKalb Peachtree Airport: 22 Miles

5

4

3

7

2

6

1

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Casey Keitchen 404 812 [email protected]

Linda Keefe 404 812 [email protected]

David Cole404 812 [email protected]

Josh Reeves404 547 3622

7 Tax Credits & Incentives

“The magnitude of Georgia’s tax break is one of the best, if not the best, in the country.”- Broderick Johnson, producer of “The Blind Side” in an interview with Variety magazine. Johnson’s award-winning film was one of hundreds of projects shot in Georgia in recent years.

Film, Television, & Digital Entertainment Tax CreditsFilm, television and digital entertainment tax credits of up to 30 percent create significant cost savings for companies producing feature films, television series, music videos and commercials, as well as interactive games and animation.

Georgia’s Entertainment Industry Investment Act provides a 20 percent tax credit for companies that spend $500,000 or more on production and post-production in Georgia, either in a single production or on multiple projects.

The state grants an additional 10 percent tax credit if the finished project includes a promotional logo provided by the state. If a company has little or no Georgia tax liability, it can transfer or sell its tax credits.

Production IncentivesGeorgia production incentives provide up to 30% of your Georgia production expenditures in transferable tax credits.

The program is available for qualifying projects, including feature films, television series, commercials, music videos, animation and game development. With one of the industry’s most competitive production incentive programs, the Georgia Film, Music & Digital Entertainment Office can help you dramatically cut production costs without sacrificing quality.

State Tax Credit Benefits

Highlights from the Georgia Entertainment Industry Investment Act include the following:

• 20 Percent base transferable tax credit

• 10 Percent Georgia Entertainment Promotion (GEP) uplift can be earned by including an embedded Georgia logo on approved projects and a link to TourGeorgiaFilm.com on the promotional website

• $500,000 Minimum spend to qualify

• No limits or caps on Georgia spend, no sunset clause

• Both resident and non-resident workers’ pay-rolls and FICA, SUI, FUI qualify

• No salary cap on individuals paid by 1099, personal service contract or loan out. Payments made to a loan out company will require six percent Georgia income tax withheld

• Production expenditures must be made in Georgia to qualify from a Georgia vendor

• Travel and insurance qualify if purchased through a Georgia agency or company

• Original music scoring eligible for projects pro-duced in Georgia qualify

• Post production of Georgia filmed movies and television projects qualify if post done in Georgia

• Development costs, promotion, marketing, license fees and story right fees do not qualify