FOR SALE /Warehouse FOR SALE 2500 sf Owner/User or Investor 2500 sf Leased,
/Warehouse DESCRIPTION 5325 Lake Pointe Center Drive is a 5,000 sf freestanding office/warehouse four-sided brick building located in North Forsyth just two (2) miles East of GA Hwy 400. The building is strategically located off Lake Pointe Drive in a private, center, cul-de-sac with easy access. The Property has seven parking spaces with one handicapped parking space directly in front of the building with additional side and rear parking. The property is fenced from the right side to back rear doors with additional parking and delivery access. The interior is made of two suites each 2500 sf. Suite 100 is professionally decorated with beautiful, custom, finishes throughout. Space includes large reception area, five offices including one very large front office, large workroom office, three additional offices, large, open, break and kitchen area, two (2) bathrooms, stained concrete flooring, some warehouse space with roll-up door access. Tenant occupies Suite 200, a 2500 sf space, with warehouse and roll-up door access. DEMOGRAPHICS Demographics 1-mile 3-mile 5-mile 2013 Total Population 988 16,487 39,651 2012 Total Daytime Population n/a 14,677 30,522 2013 Average HH Income $67,976 $78,607 $81,384 FINANCIAL (Buyer to obtain new loan.) Price: $ 495,000 Gross Operating Income: Upon Request NOI (before debt service): $ Cap Rate: % (includes.15/sf maintenance),
/Warehouse ADDITIONAL INFORMATION Priced at $ 495,000 Building Square Foot: 5,000 Price/sf: $ 99 Year Built: 2004 Lot Acres: +/- 1.2 Parking: 8 + Current Occupancy: 100% (50% new owner) Tax Plat: 256 151 FLOORPLAN Rear Finished Work Room Warehouse Open Warehouse Space Suite 200 Bathroom Kitchen Break Area Leased Front Reception Area Floor plan is estimated.,
/Warehouse Gallery,
Population Executive Summary 5325 Lake Pointe Center Dr, Cumming, GA, 30041 Prepared by Kim Trotter Rings: 1, 3, 5 mile radii Latitude: 34.250930103 Longitude: -84.05689017 1 mile 3 miles 5 miles 2000 Population 745 9,876 22,457 2010 Population 932 15,599 36,949 2013 Population 988 16,487 39,651 2018 Population 1,111 18,405 45,001 2000-2010 Annual Rate 2.27% 4.68% 5.11% 2010-2013 Annual Rate 1.81% 1.72% 2.20% 2013-2018 Annual Rate 2.38% 2.23% 2.56% 2013 Male Population 50.7% 50.5% 50.0% 2013 Female Population 49.3% 49.5% 50.0% 2013 Median Age 40.3 37.9 38.2 In the identified area, the current year population is 39,651. In 2010, the Census count in the area was 36,949. The rate of change since 2010 was 2.20% annually. The five-year projection for the population in the area is 45,001 representing a change of 2.56% annually from 2013 to 2018. Currently, the population is 50.0% male and 50.0% female. Median Age The median age in this area is 38.2, compared to U.S. median age of 37.3. Race and Ethnicity 2013 White Alone 91.0% 88.5% 88.5% 2013 Black Alone 1.3% 3.4% 2.9% 2013 American Indian/Alaska Native Alone 0.8% 0.5% 0.4% 2013 Asian Alone 0.5% 1.5% 1.4% 2013 Pacific Islander Alone 0.0% 0.0% 0.1% 2013 Other Race 4.8% 4.3% 5.0% 2013 Two or More Races 1.6% 1.7% 1.7% 2013 Hispanic Origin (Any Race) 12.1% 11.7% 11.8% Persons of Hispanic origin represent 11.8% of the population in the identified area compared to 17.4% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 37.9 in the identified area, compared to 62.1 for the U.S. as a whole. Households 2000 Households 269 3,712 8,504 2010 Households 335 5,651 13,302 2013 Total Households 353 5,939 14,193 2018 Total Households 395 6,592 16,024 2000-2010 Annual Rate 2.23% 4.29% 4.57% 2010-2013 Annual Rate 1.65% 1.54% 2.01% 2013-2018 Annual Rate 2.26% 2.11% 2.46% 2013 Average Household Size 2.80 2.78 2.79 The household count in this area has changed from 13,302 in 2010 to 14,193 in the current year, a change of 2.01% annually. The five-year projection of households is 16,024, a change of 2.46% annually from the current year total. Average household size is currently 2.79, compared to 2.78 in the year 2010. The number of families in the current year is 10,637 in the specified area. Data Note: Income is expressed in current dollars Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018. Esri converted Census 2000 data into 2010 geography. December 04, 2013 2013 Esri Page 1 of 2
Median Household Income Executive Summary 5325 Lake Pointe Center Dr, Cumming, GA, 30041 Prepared by Kim Trotter Rings: 1, 3, 5 mile radii Latitude: 34.250930103 Longitude: -84.05689017 1 mile 3 miles 5 miles 2013 Median Household Income $53,015 $60,330 $63,142 2018 Median Household Income $63,819 $76,252 $79,109 2013-2018 Annual Rate 3.78% 4.80% 4.61% Average Household Income 2013 Average Household Income $67,976 $78,607 $81,384 2018 Average Household Income $80,091 $91,160 $93,914 2013-2018 Annual Rate 3.33% 3.01% 2.91% Per Capita Income 2013 Per Capita Income $25,128 $28,254 $29,088 2018 Per Capita Income $29,496 $32,587 $33,389 2013-2018 Annual Rate 3.26% 2.89% 2.80% Households by Income Current median household income is $63,142 in the area, compared to $51,314 for all U.S. households. Median household income is projected to be $79,109 in five years, compared to $59,580 for all U.S. households Current average household income is $81,384 in this area, compared to $71,842 for all U.S households. Average household income is projected to be $93,914 in five years, compared to $83,667 for all U.S. households Current per capita income is $29,088 in the area, compared to the U.S. per capita income of $27,567. The per capita income is projected to be $33,389 in five years, compared to $32,073 for all U.S. households Housing 2000 Total Housing Units 288 4,102 9,357 2000 Owner Occupied Housing Units 223 3,152 7,318 2000 Owner Occupied Housing Units 45 560 1,187 2000 Vacant Housing Units 20 390 852 2010 Total Housing Units 368 6,350 14,870 2010 Owner Occupied Housing Units 246 4,403 10,757 2010 Renter Occupied Housing Units 89 1,248 2,545 2010 Vacant Housing Units 33 699 1,568 2013 Total Housing Units 380 6,621 15,680 2013 Owner Occupied Housing Units 247 4,447 11,072 2013 Renter Occupied Housing Units 106 1,493 3,121 2013 Vacant Housing Units 27 682 1,487 2018 Total Housing Units 420 7,331 17,449 2018 Owner Occupied Housing Units 285 5,028 12,681 2018 Renter Occupied Housing Units 110 1,564 3,343 2018 Vacant Housing Units 25 739 1,425 Currently, 70.6% of the 15,680 housing units in the area are owner occupied; 19.9%, renter occupied; and 9.5% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.3% are renter occupied; and 11.3% are vacant. In 2010, there were 14,870 housing units in the area - 72.3% owner occupied, 17.1% renter occupied, and 10.5% vacant. The annual rate of change in housing units since 2010 is 2.39%. Median home value in the area is $206,770, compared to a median home value of $177,257 for the U.S. In five years, median value is projected to change by 2.36% annually to $232,312. Data Note: Income is expressed in current dollars Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018. Esri converted Census 2000 data into 2010 geography. December 04, 2013 2013 Esri Page 2 of 2