615 stonehill drive
DESCRIPTION
Industrial Building Investment SalesTRANSCRIPT
AVAILABLE FOR SALE
615 STONEHILL DRIVE185,456 SF - INDUSTRIAL BUILDING IN ATLANTA, GEORGIA
Property Specifications
Location: 615 Stonehill Drive, Atlanta, GA 30336 Square Footage: 185,456 SF TotalOccupancy: 100% Leased to Velocity Express% Office: 5.2%Parking: 43 parking spaces Clear Height 27’ - 28’Dock Doors: 34 (plus 2 drive-in doors) Acreage: 8.764 AcresYear Built: 1982 - expanded in 1998,
renovated in 2009 & 2010Construction Brick & Block
Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.
Dennis Mitchell, CCIM, SIORSenior Vice President Dir: +1 404 877 [email protected]
Matt WirthAssistant Vice President Dir: +1 404 877 [email protected]
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Alpharetta
Cumming
Sugar Hill
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Duluth
Lawrenceville
GAINESVILLE
Braselton
Norcross
Snellville
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Lithonia
Conyers
Covington
McDonough
Jonesboro
Fayetteville
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DORAVILLE
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Clarkston
AvondaleEstates
DECATUR
SMYRNA
PowderSprings
Hiram
Dallas
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DouglasvilleVilla Rica
Lithia Springs
EASTPOINT
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Riverdale
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Stockbridge
Union City
Fairburn
ATLANTA
Roswell
MountainPark
MARIETTA
Hartsfield-JacksonInternational Airport
615 STONEHILL DR
5 MILE RADIUS
Property Highlights
615 Stonehill Drive is located in Gateway Industrial Park at the center of the Fulton Industrial District. Home to numerous Fortune 500 companies, Fulton Industrial is the economic engine of the 91 million square foot I-20 West/Fulton Industrial Submarket. Central to the submarket’s advantages are a deep labor pool and unparalleled access to Interstates 285, 20 and 85, major intermodal and freight rail hubs, and Hartsfield-Jackson International Airport, the world’s busiest airport.
Investment Highlights • Stability: 100% leased industrial building with modern
distribution specifications. Velocity Express signed a 105,000 SF lease in 2010 and as a testament to 615 Stonehill, soon thereafter committed to an expansion of 80,000 SF to take the full balance of the building. The expansion has a coterminous expiration date with the original premises.
• Premier Distribution Location: 615 Stonehill Drive’s location exemplifies the submarket’s major advantage of access, located within a short distance of travel to all major points of interstate access and Hartsfield-Jackson International Airport.
• Future Growth and Investment: The entire Fulton Industrial District will benefit from recent implementations of a Community Improvement District and an Opportunity Zone intended to bolster the economic base by providing job creation incentives and financing future public safety and transportation infrastructure improvements.
100%
LEASE
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Colliers International | Atlanta1349 West Peachtree Street, Suite 1100Atlanta, Georgia 30309-2956Tel: +1 404 888 9000 | Fax: +1 404 870 2845www.colliers.com
Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.
STRONG DEMOGRAPHICS
RADIUS 1-MILE 3-MILE 5-MILE
2010 Population 264 17,782 93,2482015 Projected Population 322 20,450 103,9812010 - 2015 Growth (area) 4.05% 2.84% 2.20%Median Age 38.5 33.1 34.4
Average HH Income $107,054 $82,551 $69,618Median HH Income $89,134 $68,956 $59,926
Owner Occupied Housing 78 3,621 19,708Renter Occupied Housing 12 2,509 14,1502010 Total Households 90 6,130 33,857
100%
LEASE
DAVAILABLE FOR SALE
615 STONEHILL DRIVE185,456 SF - INDUSTRIAL BUILDING IN ATLANTA, GEORGIA
615 Stonehill Drive
Dennis Mitchell, CCIM, SIORSenior Vice President Dir: +1 404 877 [email protected]
Matt WirthAssistant Vice President Dir: +1 404 877 [email protected]
CONFIDENTIALITY AGREEMENT
Please sign the attached Confidentiality Agreement and return to Colliers International:
BY FAX: 404-870-2845
BY EMAIL: [email protected]
BY MAIL: Two Midtown Plaza, Suite 1100 1349 West Peachtree Street, NE Atlanta, GA 30309
615 STONEHILL DRIVE
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615 STONEHILL DR. CONFIDENTIALITY AGREEMENT
This Confidentiality Agreement (“Agreement”) is made as of the _____ day of ______________, 2012 by
__________________________________________ (“Recipient”) in favor of Panattoni as related party to the owner of the 615 Stonehill Drive industrial building in metro Atlanta, GA (“Owner”). WHEREAS, Owner via special purpose entities controls the 615 Stonehill Drive industrial building at 615 Stonehill Drive, Atlanta, GA, 30336 (the “Property”) and Recipient has expressed initial interest in purchasing the Propertyfrom Owner (the “Interested Party”);
WHEREAS, in order to evaluate the possible sale of the Property, Recipient has requested access to certain confidential and proprietary information the unauthorized release of which could cause serious harm to Owner; and
WHEREAS, Owner is willing to provide such information if it has adequate assurances that the information will be kept confidential;
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Recipient agrees as follows:
1. Recipient acknowledges that all documents, analyses, records, statements, etc. (the “Confidential Information”) provided by Owner or its broker, Colliers International – Atlanta, Inc. (“Owner’s Broker”) are confidential and proprietary to Owner. The term Confidential Information does not include information that (i) is already in Recipient’s possession (other than information previously furnished to Recipient by Owner or its agents), provided that such information is not known by Recipient to be subject to another agreement or obligation of confidentiality, or (ii) becomes generally available to the public other than as a result of a disclosure by Recipient or those to whom Recipient has provided the Confidential Information (Confidential Information shall not be deemed to be generally available to the public or in the public domain merely because any part of any Confidential Information is embodied in general disclosures or because individual features, components, or combinations thereof are now known or become known to the public), or (iii) becomes available to Recipient on a non-confidential basis from a source other than Owner or its agents or advisors, provided that such source is not known by Recipient to be bound by an agreement or other obligation of confidentiality. Recipient shall keep all such information confidential and shall not, except as may be required by law, regulation or legal process binding upon Recipient, disclose, summarize or otherwise provide any or all of the Confidential Information in any manner without the prior written authorization of Owner, except as otherwise set forth in this Agreement. Recipient shall not reproduce or distribute the Confidential Information in any manner other than necessary for Recipients own internal analysis of the Property.
2. Recipient may use any or all of the Confidential Information only for the purpose of its analysis of the possible purchase of the Property. Recipient shall not use any of the Confidential Information for any other purpose.
3. On a “need-to-know” basis only and solely for the purposes of assisting Recipient in evaluating the
purchase of the Property, Recipient may disclose, summarize or otherwise provide any portion of the Confidential Information (1) to Recipient’s partners and employees, accountants, potential lenders, lawyers, agents and other advisors. In either event, Recipient shall give a copy of this Agreement to all persons to whom it gives access to the Confidential Information and shall inform all such persons that the Confidential Information is confidential and proprietary to Owner, and that the Confidential Information must be maintained as confidential, and that none of the Confidential Information may be disclosed without prior written authorization by Owner.
4. If the Property is not sold to Recipient, Recipient shall promptly return to Owner all Confidential Information it received at Owner’s or Owner’s Broker’s request.
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5. Owner makes no representation or warranty about the accuracy or completeness of any Confidential
Information. Recipient releases and holds Owner and Owner’s Broker harmless from and against any loss or damage Recipient may sustain due to its reliance on any of the Confidential Information.
6. If any party believes that the unauthorized disclosure of any or all of the Confidential Information is
likely to occur, Recipient shall take all reasonable measures, and shall support any reasonable measures by Owner, to prevent such disclosure. If an unauthorized disclosure of any or all of the Confidential Information has occurred, Recipient shall not interfere with any effort by Owner to pursue legal and equitable remedies available in result of the unauthorized disclosure.
7. It is understood and acknowledged that unauthorized release of any or all of the Confidential
Information would cause immediate and irreparable harm to Owner that could not be repaired and for which Owner could not be fully compensated by money damages. Recipient agrees that Owner may obtain injunctive relief to prevent or limit such unauthorized disclosure, and may also pursue any other remedies available under law or equity in result of an alleged or reasonably anticipated breach of this Agreement. Recipient agrees to pay any damages incurred by Owner as a result of Recipient’s breach of this Agreement, including but not limited to court costs and reasonable attorneys’ fees.
8. This Agreement shall be governed by and construed in accordance with the laws of the State of
Georgia, without regard to principles of choice of law or conflicts of law. This Agreement shall be binding upon Recipient’s successors and assigns, and shall inure to the benefit of Owner’s successors and assigns. This Agreement shall terminate as of the date that is one year from the date Recipient returns the Confidential Information to Owner as required in Section 4 of this Agreement.
RECIPIENT:
Company: ___________________________________
Signature: ____________________________________
Print Name: ___________________________________
Title: ________________________________________
E-mail: _______________________________________
Phone: _______________________________________