building options for exchange

Building Options For Exchange

Steve Marshall 404.812.4005

[email protected]

Number Property Address Asking Price Comments

1620 Mulkey Road Austell, GA

$1,800,000 Medical Building by South Cobb Hospital Leased up, Owner will renew (Dentist) NOI: $140,000

78 Atlanta Street Marietta, GA

$1,300,000 Leased up Near Marietta Square (read Mel’s bio on building)NOI: $80,000

1800 Roswell Road Atlanta, GA

$2,000,000

Leased up Near North Marietta Parkway on Loop Broker is part Owner, said price is firm NOI: $133,000

1900 The Exchange Atlanta, GA

$1,350,000 Good location off Windy Hill Road 70% leased Projected NOI: $160,000

1700 Water Place Atlanta, GA

$3,500,000

Price lowered from $3,900,000 Great location 55% leased Projected NOI: $310,000

For Sale

Fully Leased Medical Office Building for Sale

• Building Size: 9,375 SF

• Property Size: 1.0 Acre

• Long Term Tenants

- Allergy

- Dental

- Podiatry For more information contact:

Michael Ulin+1 404 995 2171

[email protected]

Georgia Podiatry

1620 Mulkey RoadAustell, GA

1620 Mulkey Road

Rent RollSq Ft Rate (NNN) Annual Lease Expiration

Atlanta Allergy 4,638 $14.93 69,245.34$ 9/30/2020

Dr William Carroll, DDs 3,037 $14.93 45,342.41$ 5/31/2021

Georgia Podiatry 1,700 $14.56 24,752.00$ 7/31/2020

9,375 139,339.75$

Accounting / Professional 1,500.00$

Insurance 2,305.00$

Landscaping 7,100.00$

Water 7,100.00$

Property Taxes 13,700.00$

Sanitation 1,800.00$

Utilities ‐ Gas 1,512.00$

Utilities ‐ Electric 21,000.00$

56,017.00$

Expenses

4Office Suites from 1,700 SF to 7,200 SF

4Completely renovated 1920’s building

4Ample Parking

For Sale or Lease: Office Building in Downtown Marietta

StowerS & Company

5000 Burnt Hickory Rd. • Kennesaw, GA 30152

770/528-9422 (phone) • 770/528-9419 (fax)

pleaSe ContaCt:

Mel Stowers

404/626-5966 (phone)

[email protected]

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78 Atlanta Street • Marietta, Georgia 300604Excellent Exposure

4Easy walking distance to the Historic Marietta Square

and Cobb County Municipal Complex

4Ideal for small law firm or financial services company

Site

Office Suites from 1,800 SF to 2,000 SF

Stowers & Company257 Lawrence St., NE, Unit 5236

Marietta, GA 30061-2350770-528-9422

Map not to scale

78 Atlanta Street • Marietta, Georgia 30060 A

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StowerS & Company

5000 Burnt Hickory Rd. • Kennesaw, GA 30152 • 770/528-9422 (phone) • 770/528-9419 (fax)

4Upper Level Floor Plan

4Main Level Floor Plan

Every effort has been made to provide accurate information,

but no liability is assumed for errors and omissions.

Stowers & Company257 Lawrence St., NE, Unit 5236 • Marietta, GA 30061-2350 • 770-528-9422

1

Shana Haag

From: Steve MarshallSent: Thursday, June 08, 2017 11:09 AMTo: Steve MarshallSubject: 78 Atlanta Street bio

Steven, Good afternoon. Yes, the building is now 100% Occupied. To elaborate further on 78 Atlanta Street, the building was renovated in 2008 for a start‐up bank, of which several notable Mariettans were involved with. Former governor Roy Barnes, former Congressman Buddy Darden and current judge Robert Flournoy. Unfortunately, the economy crashed, the start‐up didn't open, and the building owners went into leasing mode. The upstairs was renovated and upgraded by electrical engineers with a three (3) year government contract with Lockheed Martin. With the downstairs being occupied by various tenants including the City of Marietta Employee Clinic and a chiropractor on the left side of the building. Stowers & Company came on board to help in the fall of 2015. The building was 50% occupied. There was a start‐up residential real estate company upstairs in one section that was subleasing to a mortgage broker and real estate closing attorney. Their lease expired in March of 2016 so they left and moved to a shopping center for more exposure. The chiropractor was downstairs but way late on the rent and eventually was evicted in June of 2016. When you are 100% vacant, it called for a tune up. We spruced up the building, increased the lawn maintenance/parking lot clean up, and lowered the lease rate by 2 dollars a sq. ft. The leases are structured as full service, all utilities and maintenance, except for janitorial. Since McNeel is primarily an industrial owner of buildings, the leases are a modified industrial lease form and very simple to read and understand. We leased to the first tenant, JW4 Company (d/b/a Minute Maid) for the ground floor in July for August occupancy. We painted and installed new carpeting for them. The next tenant came in the same month was a software development group, Logic Speak, who moved in the upstairs equivalent of the first tenant. We painted the offices for them. The third Tenant, Consumer Financial, came shortly thereafter and they occupied on January 1 of 2017. Consumer Financial owns several business but most notably they own and operate several pet stores. We relocated a couple of doors and painted their offices in the very nice upstairs suite that has an amazing break room and large board room type office. The last tenant was Kalka & Baer a highly respected local personal injury legal group. They have significant upgrades in their suite. (former chiropractor suite on first floor). Currently the law firm only keeps office hours two days a week at the building. Now you know the whole story. Mel Stowers.

1800 Roswell Road, Marietta, GA 30062

OFFICE FOR SALE

www.kwcommercial.com

KW COMMERCIAL115 Perimeter Center Place,Suite 100Atlanta, GA 30346

ROCKY KAUFMANNAssociate Broker/ [email protected] #248712

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

PROPERTY OVERVIEWMulti-tenant office building for sale in Marietta. Located inside the120 Loop on the southern side of Roswell Road, at Lantern RidgeDrive. Locally, perceived as being in East Cobb, although the site iswithin the City of Marietta.

A traffic light offers easy access to and from the parking lot. Accessto East Cobb, Marietta, Kennesaw and I-75 is achieved via (120)Roswell Road and/or the 120-Loop.

PROPERTY FEATURESSecured Access.

Four-sided brick multi-tenant building.

Newly painted and renovated lobby. New floors in allrestrooms.

100% Occupied.

SALE PRICE: $2,000,000

PRICE PER SF: $94

LOT SIZE: 1.55 Acres

BUILDING SIZE: 21,500 SF

BUILDING CLASS: B

YEAR BUILT: 1983

RENOVATED: 2015

ZONING: O-I

CROSS STREETS: Upper Roswell/ 120

http://www.kwcommercial.com






OFFICE FOR SALE






* Demographic data derived from 2010 US Census


OFFICE FOR SALE

ETHNICITY 1 MILE 3 MILES 5 MILES

% HISPANIC 16.3% 17.5% 16.0%

RACE 1 MILE 3 MILES 5 MILES

% WHITE 52.9% 56.3% 59.7%

% BLACK 26.7% 24.2% 21.7%

% ASIAN 4.1% 5.4% 6.5%

% HAWAIIAN 0.0% 0.0% 0.0%

% INDIAN 0.3% 0.3% 0.2%

% OTHER 14.1% 12.2% 10.1%

POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 9,642 74,484 187,987

MEDIAN AGE 32.4 34.8 35.2

MEDIAN AGE (MALE) 30.6 34.0 34.6

MEDIAN AGE (FEMALE) 33.7 35.6 35.8

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 4,281 30,493 76,727

# OF PERSONS PER HH 2.3 2.4 2.5

AVERAGE HH INCOME $60,601 $71,763 $76,400

AVERAGE HOUSE VALUE $240,875 $265,091 $296,427







OFFICE FOR SALE


1800 Roswell Road


OFFICE FOR SALE






At l an ta , GA 30339

I N V E S T M E N T S A L E

1900 THE EXCHANGE

► Professional Building with 3 Law Office Tenants

► Mul ‐Tenant Property

► Great Upside—Currently 70% Occupied

► Unique Opportunity

► Easy Access to I‐75, I‐285, E. Cobb, Buckhead, Sandy Springs

Jonathan A. Sarnat Empire South Commercial Real Estate Phone: 404‐213‐3990 Fax: 404‐581‐5884 [email protected] www.empiresouth.com

I

► 18,101 Square Feet

EMPIRE SOUTH COMMERCIAL REAL ESTATE, LLC

SUITE TENNANT SQUARE FEET PRO RATA % COMMENCENT /

EXPIRATION DATEANNUAL RENT

ANNUAL RENT PER

SQUARE FOOTANNUAL ESCALATIONS

2012‐06‐01

2017‐06‐30

2016‐01‐01

2017‐12‐31

2016‐03‐01

2018‐02‐28

2017‐05‐01

2022‐04‐30

2017‐04‐01

2020‐03‐31

2017‐06‐01

2020‐05‐31

2015‐01‐01

2019‐01‐01

2015‐12‐01

2017‐12‐31

2016‐06‐01

2018‐05‐31

TOTAL SQ FT 19,129 GROSS PROJECTED $230,656.80

RENTAL INCOME

Occupied 13,289

ACTUAL SCHEDULED

Occupancy % 69.47% RENTAL INCOME

3%

470 US Indoor 1,000 5.23% M‐T‐M $12,000.00 $12.00

3%

$12,600.00

$14,268.00

ProHome GA

$23,994.00 $13.33 3%Webb, Klase & Lemond, Llc

MTM

9.41%

1,126

$10.38

490

405

410

$50/mo per year

$12.00

$11.19

11.63%2,225

3%$13,194.00

$12.00$55,812.00

$14.66

3% After Year 2

3%

930 4.86%

5.89%

6.22%425 Vacant

480

450

1,800

Drago Cepar, Esq 900 4.70%

415 Greystone Valuation Services 1,400 7.32%

4,651 24.31%

495 908 4.75% $10,896.00 $12.00

408 $10,797.30 $11.61

Homes Direct Inc. $23,095.50

3%

$160,576.80

The Zeigler Firm

Vacant

Better Brain 3%

1,189

$16,800.00 $12.00

3%

3%430 Allied Product Solutions 500 2.61% $7,200.00 $14.40

425 Beulah Heights University 2,500 13.07% $30,000.00 $12.00

Andy Bell, CCIM [email protected] 770.933.9900

LakePointe Building 1700 Water Place, Atlanta GA

This offering is for the sale of a 37,171 square foot, three story, multi tenant office building in the Northwest Corridor of Atlanta, GA.

The property’s location is exceptional and just five minutes to the new SunTrust Park/Braves. It is part of the North by Northwest Office Park adjacent to the intersection of Windy Hill Rd & I-75. The address is situated in one of Atlanta’s most established primary office sub-markets.

The building is a three story, steel frame structure with a pre-cast ribbed exterior and thermal pane glass curtain wall. The average floor size of 12,750 RSF offers a smaller tenant a much higher glass ratio. It has quality tenants; some that have been there for fifteen years.

This is a First Class building designed on a smaller scale.

Project Overview 37,171 Square FeetFo

r S

ale

www.anderson-bell.com 5 Concourse Pkwy Ste 3000 Atlanta, GA 30328

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information an bears all risk for any inaccuracies. Anderson Bell 2015

http://www.anderson-bell.com




Expenses:

Landscaping $9,300 Real Estate Taxes $40,800 Insurance $8,400 Utilities $104,700 Repair & Maintenance $18,300 Contract Services $27,074 Janitorial $30,000 Other $2,700 Total Expenses $253,051 Expenses/SF $6.81


Overview:

Price $3,900,000.00 Rentable Square Feet 37,171 Price Per Rentable Square Foot $113 CAP Rate Projected 7.49% Year Built 1983 Lot Size 3.5 Acres Ownership Fee Simple

Financial AnalysisLocation:

Access via I-285/I-75 via Windy Hill Rd.

Annualized Revenue:

Gross Potential Rent $561,966 Vacancy/Collection Allw. 3.0% $16,859 Gross Potential Income: $545,107 Expenses $253,051 Net Income $292,056 Return on Cash 7.49%

Loan Assumption: Balance: 2,089,716 Payment $18,000/mo.(includes taxes) Rate: 5.5%

12/16




Building Specs

LOCATION: 1700 Water Place, Atlanta, Georgia; southwest corner of the intersection of Terrell Mill Rd/Water Place within the North X Northwest Office Park.

OWNER: Bhole’ Lake, LLC

FLOORS: Three floors.

BUILDING SQ FT. Total Building: 37,171

EXTERIOR: Reflective thermal insulated glass with ribbed, precast concrete panels.

HVAC: Separate, multi-zoned, variable air volume systems for each floor designed to meet and exceed the energy code.

LIGHTING: 2’ x 4’ (tenant areas) and 2’ x 2’ (common areas) flush-mounted, lay-in, 3 bulb fluorescent fixtures. Parabolic lenses in tenant areas, parabolic lenses in common areas.

ELEVATOR: Single, Westinghouse Elevator; hydraulic type; high ceiling cab (10”); capacity: 2500 lbs.; speed, 125 FPM; platform, 7’ w X 5’ d.

LOBBY: Marble flooring, wall covering, concealed spline ceiling, fluorescent and incandescent down lighting.

TENANT FLOORING: Wall to wall carpet throughout.

PARTITIONING: Sheetrock on metal studs.

CEILING: 9’ high ceiling with 2x2 lay-in grid system and tile throughout; lobby, high profile regressed spline; public spaces and tenant spaces, textured, exposed spline.

DOORS/HARDWARE: 3’ x 8’ solid core, wood laminate with brushed chrome finish hardware.

WINDOW COVERS: Thin line, 1” horizontal mini blinds.

PUBLIC CORRIDORS: Wall to wall carpeting; vinyl wall covering, 5 foot width.

LAVATORIES: Ceramic tile, vinyl wall covering, marbleized sinks; plastic laminate partitions.

PARKING: Free surface parking for 133 cars (4 spaces per 1000 net usable sq. ft. of building area).

SYSTEMS: Fully sprinklered structure, exterior plaza entry, underground landscape irrigation system, all underground utilities, card-key access, and camera surveillance.








Floorplans






Photos:



LAKEPOINTE OFFICE BUILDING2017 Rent Roll

SUITE RENTABLE MONTHLYTENANT # SQ. FT. BASE RENT

VACANT 100 11,487 -$

DDI 216 9,128 12,842.06$

SER FAMILIA 204 1,195 1,637.84$

NUE SOFT 206 2,606 3,121.20$

VACANT 300 3,516 -$

TL Direct Acquisitions 306 1,002 2,570.00$ TL Direct Acquisitions 310 1,053 -$

KIRTI PATEL 304 3,558 4,151.00$

ALLEN & NEWMAN 315 1,984 2,480.00$

RISE RADIO 320 2,050 2,605.21$ Vending Area 1st flr 55

TOTALS 37,634 29407.31

1

Shana Haag

From: [email protected] on behalf of Andy Bell <[email protected]>Sent: Monday, June 05, 2017 3:18 PMTo: Steve MarshallSubject: LakePointe Bldg : For SaleAttachments: LPt 2017 Sale Rent Roll.pdf; LPt Sales Flyer 0117B.pdf; LPt Leasing Flyer 100 300

0217.pdf

Steve, Good to speak with you today. I am now able to offer the LakePointe Building For Sale at $3,500,000.00. Here are two flyers, a sales flyer and a leasing flyer that together provide a picture of vacancy and operations. Also, a rent roll as of May is included. LakePointe was developed as a Class A building on a small scale and has a very professional presentation. The asking rate for leasing is $16.00/RSF, full service. AT&T and Comcast already provide high speed internet inside the building. There is a Card Key security access system for after hours and weekends. Let me know if I can answer any further questions or meet with you to tour the building. thx Andy On Mon, Jun 5, 2017 at 3:05 PM, Steve Marshall <[email protected]> wrote:

Andy,

Thanks for the insight on 1700 Water Place.

When you get a chance, please send me any additional info.

Thanks

Steven

STEVEN MARSHALL Senior Vice President

404 812 4005 Direct / 404 245 6620 Cell

building options for exchange

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