20 TECHNOLOGY PARK PEACHTREE CORNERS (ATLANTA), GEORGIA

OFFERING MEMORANDUM

ASSET PROFILEAddress 20 Technology Parkway South,

Peachtree Corners, GA 30092Size 89,010 SF

Size Acreage 5.29

Occupancy 0%

Typical Floor Size 26,670 SF

Parking Deck 2 levels under building

Parking Ratio 4.07/1,000 SF (189 in deck)

Year Built 1983 (Renovated 2002/2019)

Zoning M-1 Light Industrial

Loading Dock Yes

SUMMARYInvestors and users now have the opportunity to purchase 20 S Tech-nology Park in Peachtree Corners, GA, a 89,010 SF freestanding office building on 5+ acres. The building has been recently renovated and can be used as single-tenant or multi-tenant property. For investors, the building is an excellent value add opportunity via lease-up and for owner/users the building is a blank canvas for any office config-uration. Being located along Peachtree Industrial Road the property enjoys prominent visibility and access. The building is a truly a gem of Technology Park.

TECHNOLOGY PARK 20 Technology Park is located within Technology Park Atlanta, a 500-acre master planned technology-based business campus. Technology Park is conveniently located along GA-141 and is nearby I-85 and I-285, making Technology Park accessible to most of Metro Atlanta. Currently, there are multiple develop-ments within Technology Park to modernize the park to appeal to a younger workforce, these include a 11-mile multi-use trail system and (PAVE) a retrofit of Technology Parkway to allow the testing of autonomous vehicles. Technology Park is home to Prototype Prime, partnership with the City of Peachtree corners and Georgia Tech to create a startup incubator that will foster entrepreneurship and technological development.

PEACHTREE CORNERSPeachtree Corners and the surrounding area (Johns Creek, Dulu-th, Norcross, Roswell, and Alpharetta) consist of some of the most wealthy neighborhoods in Metro Atlanta. The average annual house-hold income within Peachtree Corners is $102,000 and the median age is 36, making Peachtree Corners a very affluent, young and vibrant city.Over half of residents have a college degree, meaning the local work force is top notch. Peachtree Corners is a pro-business city with cor-porations like Comcast, Siemens and Nextel having offices in the city. The city also has a zero millage rate, meaning lower property taxes for business.

Technology Park

Peachtree Industrial Blvd

20 Technology Park

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20 Technology Park

Technology Parkway

SITE PLAN

Peachtree Industrial Blvd

Tech

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gy Pa

rkway

SUITE 100 - 27,201 SF

FRONT

OUTDOOR PATIO

SUITE 200 - 29,092 SF

FRONT

SUITE 300 - 30,382 SF

FRONT

PROFORMA (STABILIZED)

Rental Revenue Total Per SF

Potential Base Rent $ 1,733,500 $ 20.00

Expense Recovery $ 152,891 $ 1.76

Total Revenue $ 1,886,391 $ 21.76

Operating ExpensesPayroll/Admin $ 26,753 $ 0.30

Repairs & Maintenance $ 28,664 $ 0.33

Janitorial $ 81,215 $ 0.92

Landscaping $ 10,510 $ 0.12

Utilities $ 210,203 $ 2.39

Real Estate Tax $ 106,570 $ 1.31

Insurance $ 21,975 $ 0.25

Management Fees $ 43,474 $ 0.49

Total Operating Expenses $ 529,363 $6.11

Net Operating Income $ 1,357,028 $ 15.65

DISPOSITION & LEASE-UP ASSUMPTIONS

Disposition

NOI Once Stabilized $ 1,357,028

Disposition at 7% Cap Rate $ 19,386,114

Lease Up

Market Rent $ 20.00/SF

Contract Rent Escalation 3.00%

New Tenant TI $40.00/SF Shell Space, Then $20

Renew Tenant TI $10.00/SF

Expense Reimbursements Base Year Stop

Lease Term 8 Years

Lease Commission (New) 8.00%

Lease Commission (Renewal) 6.00%

LEASE COMPS

No. Address Building RSF Available RSF Quoted Rate Year Built Number of Floors Parking

1. 3550 Engineering Dr 99,110 SF 65,212 SF $21.50/SF FSG 1998 4 4/1,000 SF

2. 3585 Engineering Dr 98,092 SF 98,092 SF $21/SF FSG 1996 4 5/1,000 SF

3. 655 Engineering Dr 75,714 SF 28,243 SF$18 - $22/SF

FSG1992 3 4/1,000 SF

4. 275 Scientific Dr 52,070 SF 12,287 SF $21.50/SF FSG 2008 2 3.5/1,000 SF

5. 2 Sun Ct 98,040 SF 23,596 SF $21.50/SF FSG 1999 4 6.22/1,000 SF

6. 5445 Triangle Pky 127,385 SF 12,002 SF$23.50/SF

FSG201997 5 4/1,000 SF

SALE COMPS

No. Address Building RSF Sale Price Price/SF Occupancy Sale Date Year Built

1.190 Technology Pky

Norcross, GA35,680 SF $4,900,000 $137.29 46.8% 10/6/2018 2000

2.5335 Triangle Pky

Norcross, GA109,172 SF $23,000,000 $210.68 100% 10/29/2018

1989/Renov 2003

3.11360 Lakefield Drive

Johns Creek, GA75,273 SF $9,400,000 $124.87 0% 2/17/2017

1996/Renov 2019

4.6375 Hospital Parkway

Duluth, GA101,991 SF $12,500,000 $122.55 0% 6/13/2014 2009

5.3930 E Jones Bridge Rd Peachtree Corners, GA

90,676 SF $16,625,000 $183.35 81.4% 12/20/20172001/Renov

2016

6.4775 Peachtree

Industrial Blvd, Norcross GA

50,267 SF $9,000,000 $179.04 100% 2/12/2019 2001