CHESHIRE BRIDGE / MORNINGSIDE / PIEDMONT ROAD HOT REDEVELOPMENT AREA OFFICE WAREHOUSE SHOWROOM FOR SALE (13,680 SF)

Transcription

1 CHESHIRE BRIDGE / MORNINGSIDE / PIEDMONT ROAD HOT REDEVELOPMENT AREA OFFICE WAREHOUSE SHOWROOM FOR SALE (13,680 SF) Area Redevelopments ATLANTA, GEORGIA RICK FERGUSON (404) EXT. 141 RICK@BULLREALTY.COM

2 Index Page Table of Contents 2 Executive Summary 3 Property Details 4 Property Usage 5 Elevation Maps 6 Floorplan 7 Site Plan 8 Tax Plat 9 Area Redevelopment Photos Location Maps 12 Aerials 13 Demographics Charts 14 Demographic Site Map 15 Demographic Report Sold Comparables Professional Bio 20 Any included income, expenses, costs, return estimates, renovations, measurements, square footage, acreage, projections, interest rates, loan terms, property condition, possible uses, zoning and other information herein may have been provided by the seller or landlord and while deemed to be reliable, may be estimated, projected, is subject to change, and/or may be limited in scope, and therefore shall not be relied upon as accurate. Any such information important to the purchaser, lessee or other parties should be independently confirmed within an applicable due diligence period. Please do not disturb the business, tenants or sellers. This offer is subject to prior sale without notice. Page 2 of 20

3 Executive Summary Bull Realty is proud to present an opportunity to acquire a prime building in a dynamic and growing redevelopment districts in central Atlanta, Georgia Faulkner Road, Atlanta, Georgia $1,325,000 Hard to find and well maintained four sided brick industrial warehouse located in one of Atlanta hottest redevelopment business districts. This very clean facility boasts 24 foot high ceilings, 4 loading docks; two built out office suites, separately metered electrical systems with two office HVAC systems, a heated warehouse, plenty of front parking and easily accessible rear truck access. There is significant redevelopment in the area with no signs of slowing down! This property will allow you to take advantage of the current and future trend. Call Rick Ferguson today at for a scheduled site visit. Page 3 of 20

4 Property Details This area is in the dynamic redevelopment and growth stages which made similar roads like Miami Circle, Amsterdam Avenue and Zonilite Road famous intown business areas. Profile: Faulkner Road is a road off in the eclectic area of Cheshire Bridge, Piedmont Road and the Morning Area of Central Atlanta. Falkner Road originally (and still largely) a semi-industrial warehouse area. When you first turn down Faulkner Road, you are bound to think you are in the wrong place. However, continuing further down the street, you'll eventually discover the high end businesses like Gravity Fitness, a premier health and fitness center, Cut Flower Wholesale Inc, David LaVoy Atlanta's preeminent Florist and wedding planner.... which are located in converted warehouses that have been transformed into a truly unique commercial space. In addition to a variety of light industrial businesses, this area is also home to a variety of professional offices, particularly for creative professionals including film production companies, graphic studios, and more. Location/ County Building Size / Parcel Size Atlanta, Georgia/Fulton Approximately 13,680 SF/.677 acres Zoning I-1 Topography level Address 2112 Faulkner Road Atlanta, Georgia 3024 Interstate Access Interstate 85/75 & Georgia 400 Investment $1, Investment per sq ft $96.86 Building Highlights Can easily divide into two suites 4 dock-high truck doors 24 clear ceiling height Heated and lighted warehouses Two independent office HVAC systems Two separately metered electrical systems Two separate sets of restrooms Eight year old roof Ample Parking Page 4 of 20

5 Property Usage The coveted I-1 zoning classification permits a variety of opportunities for this 13,680 sq ft warehouse with onsite parking. A purchaser may consider using the property for: Business service establishments, including those providing duplicating, printing, maintenance, communications, addressing, mailing, bookkeeping, or guard services. Clubs and lodges, union halls, hiring halls. Churches, synagogues, temples, mosques and similar worship facilities. Eating and drinking establishments, including those licensed for the on-premises consumption of malt beverages, wine and/ or distilled spirits and those with drive-in service; catering establishments, delicatessens, bakeries. Manufacturing, wholesaling, repairing, compounding, assembly, processing, preparation, packaging or treatment of articles, foods, components, products, clothing, machines and appliances and the like, where character of operations, emissions and by-products do not create adverse effects beyond the boundaries of the property. Use of heavy drop hammers, punch presses or other machinery; or processing methods creating excessive noise or vibration is prohibited in this district. Offices, clinics (including veterinary), laboratories, studios. Parking surface and structures. Professional and personal service establishments. Recreational establishments. Repair garages, paint and body shops, welding shops. Retail establishments, including those with sales or display lots or storage lots. Sales and leasing agencies for new and used passenger automobiles, bicycles, mopeds and commercial vehicles. Trade schools, colleges and universities. Warehousing, storage facilities, distribution centers. Yards for storage of contractor's equipment; sand and gravel; lumber and the like but specifically excluding junkyards, salvage yards and scrap metal processors. *Adult businesses as defined in section (3). See section for location requirements. Page 5 of 20

6 Elevation Maps Page 6 of 20

7 Floor Plan current office build out not reflected Page 7 of 20

8 Site Plan Page 8 of 20

9 Tax Plat Page 9 of 20

10 Area Redevelopment Photos Neighboring Redevelopment Neighboring Redevelopment New Retail / Office on Piedmont Ave Neighboring Cheshire Bridge Office/ Showroom/ Warehouse that was recently remodeled Neighboring Cheshire Bridge Office/ Showroom/ Warehouse that was recently remodeled Page 10 of 20

11 Area Redevelopment Photos Morningside at Piedmont Morningside to begin construction January 2009 Population Soars in the Surrounding Cheshire Bridge/ Morningside/ Piedmont District Archstone Cheshire Bridge Piedmont Apartments Gables at Monroe Heights at Cheshire Bridge This highly trafficked area is well located directly off I-85 and GA 400 between Midtown and Buckhead with quick access to I-85, I-75 and GA-400. The location offers high traffic counts of over 71,250 cars per day and many new residential and apartment developments in the immediate area. This area services the upscale areas of Midtown, Buckhead, Ansley Park, Virginia Highlands and has an average household income within 1 mile of over $178, Page 11 of 20

12 Location Maps Piedmont / Cheshire Bridge area Easy access to I-85/75 and 400 This offering is subject to price adjustment or prior sale without notice. Page 12 of 20 This information is provided by the owner and is deemed reliable, but is not warranted. Please do not disturb tenants or owners.

13 Aerials This offering is subject to price adjustment or prior sale without notice. Page 13 of 20 This information is provided by the owner and is deemed reliable, but is not warranted. Please do not disturb tenants or owners.

14 Demographic Reports Population Growth & Daytime Employment Trends within a 1 Mile Radius Page 14 of 20

15 Demographic Site Map Page 15 of 20

16 Demographic Reports Page 16 of 20

17 Demographic Reports Page 17 of 20

18 Sold Comparables Page 18 of 20

19 Sold Comparables Map Subject Page 19 of 20

20 Broker Profile Rick Ferguson 14 Piedmont Center, Suite Piedmont Road Atlanta, GA Profile: Rick Ferguson was raised in the Albany New York area, graduating from Siena College with a degree in Marketing & Management. He came to Atlanta in 1981 for the 23 years he was a top nationwide representative for Inter-Tel Technologies. He sold telecommunication systems and services in Atlanta GA., specializing in firms which were relocating or expanding their facility. Rick enjoyed being a consistent member of Inter-Tel's President Club and President Circle for top sales performance. Rick lives in Brookhaven with his wife and three children. Rick joined Bull Realty to compliment his long personal interest in investing in the real estate. Practice: Specializing in the Central Perimeter, Brookhaven, Buckhead, Midtown and Downtown Atlanta Markets Projects include: -Tenant representation for leasing office space (latest client Syracuse University) -Leasing representation for leasing office space (latest client Blue Wave Properties) -Sale and purchase representation for acquisition of office building (latest client Kennedy Associates) -Purchaser representation of in town land parcels (latest client Atlanta Demolition) Organizations: -National Association of Realtors Georgia -Association of Realtors Atlanta Commercial Board of Realtors. -Buckhead Club -Siena Alumni Organization -Dunwoody Baptist Church Additional Service: Investment Sales Broker Credentials & Associations: Candidate CCIM Page 20 of 20