offering memorandum ...city atlanta, ga 30312 offering price $425,000 sale type owner-user or...

20
OFFERING MEMORANDUM www.commercialrehelp.com

Upload: others

Post on 26-Jun-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

OFFERING MEMORANDUM www.commercialrehelp.com

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors,

affiliates and/or any third party sources are provided without representation or warranty as to completeness ,

veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable

governmental requirements, developability or suitability, financial performance of the property, projected

financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or

warranty, express or implied, as to accuracy or completeness of the materials or information provided,

derived, or received. Materials and information from any source, whether written or verbal, that may be

furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine

these and other matters of significance to such party. KW Commercial will not investigate or verify any such

matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and

to conduct their own inspections and investigations including through appropriate third party independent

professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and

reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or

representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW

Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling

purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents

that may be provided to a party do not necessarily mean that rents can be established at or increased to that

level. Parties must evaluate any applicable contractual and governmental limitations as well as market

conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal

questions should be discussed by the party with an attorney. Tax questions should be discussed by the party

with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title

officer or attorney. Questions regarding the condition of the property and whether the property complies with

applicable governmental requirements should be discussed by the party with appropriate engineers,

architects, contractors, other consultants and governmental agencies. All properties and services are

marketed by KW Commercial in compliance with all applicable fair housing and equal opportunity laws.

Donna Smiley CBB, CCB, ABI, CNE

404.580.1265 Mobile

404.604.3100 Office

[email protected]

ADDRESS 360 Cameron Street SE

CITY Atlanta, GA 30312

OFFERING PRICE $425,000

SALE TYPE Owner-User or Redevelopment

O F F E R I N G M E M O R A N D U M | 3 6 0 C A M E R O N S T R E E T 4

GROSS SF 5,001

LOT SIZE 0.11 Acres

YEAR BUILT 1959

ZONING R-5

DISCLAIMER: The information contained herein is not a substitute for a thorough due diligence investigation. The Broker has not made any investigation, and makes nowarranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, zoning & landuse, and the size and square footage of the property and improvements.

Located on a nearly 5000 square foot lot in a Grant Park surrounded by new

development such as Atlanta Dairies Project, this well maintained former

Baptist Church is perfect for small congregations. Constructed of brick and

handicap accessible, you’ll know this location is perfect for you as soon as you

step through the front doors. This meeting space was designed to

accommodate up to 200 people and comes complete with of a space for

Religious ceremonies, Baptism Pool, and 3 restrooms. On top of all this, you

will enjoy easy access to Interstate 20 for visitors who come from far away.

Child care nurseries, Day Care Center, Personal Care Home, and Rehabilitation

Centers is allowed with special permitting from the city.This property can also

be a redevelopment project for a developer currently zoned R-5 this property

could be converted SFR or Duplex.

o S e a t 2 0 0 +

o G r e a t f o r s m a l l c o n g r e g a t i o n

o B a p t i s m P o o l

o S o u n d R o o m

o N e w R o o f i n 2 0 2 0

O F F E R I N G M E M O R A N D U M | 3 6 0 C A M E R O N S T R E E T 5

Inman Park Station

King Memorial Transit

O F F E R I N G M E M O R A N D U M | 3 6 0 C A M E R O N S T R E E T 7

Grant Park is a residential district, known for its Victorian mansions and Craftsmanbungalows. Its namesake park is laced with walking trails and home to Zoo Atlanta,with popular panda and tiger exhibits. Nearby Oakland Cemetery has ornatemonuments and the graves of notable Atlantans, like “Gone With the Wind” writerMargaret Mitchell. Young locals gather on Memorial Drive for Tex Mex, noodles andpub fare.

1. Atlanta Zoo

2. Grant Park Conservancy

3. Ford Pavilion

4. Grant Park

5. Grant Park Rec Center

6. Atlanta Preservation Center

7. Grant Park Farmers Market

8. The Beacon

9. Eventide Brewing

10. The Burnett

11. Nicholas House

12. Kroger Marketplace

13. Six Feet Under Pub

14. Oakland Cemetery

1

2 3

4

5

6

7

8

9

10

11

12

13

14

MEDIAN HH INCOME$65,345

PROPERTY VALUE$302,200

COMMUTE TIME25 Minutes

WORKFORCE256,891

BACHELOR’S DEGREE26,991

MEDIAN AGE33.2

POPULATION498,073

TOP OCCUPATIONManagement

TOP INDUSTRYProfessional

O F F E R I N G M E M O R A N D U M | 3 6 0 C A M E R O N S T R E E T 11

O F F E R I N G M E M O R A N D U M | 3 6 0 C A M E R O N S T R E E T 12

Atlanta is the capital, most populous city of the U.S. state of Georgia. With an

estimated 2018 population of 498,044, it is also the 37th most populous city in

the United States. The city serves as the cultural and economic center of the

Atlanta metropolitan area, home to 5.9 million people and the ninth-largest

metropolitan area in the nation.

It ranks in the top twenty among world cities and 10th in the nation with a gross

domestic product (GDP) of $385 billion. Atlanta's economy is considered

diverse, with dominant sectors that include aerospace, transportation, logistics,

professional and business services, media operations, medical services, and

information technology. Atlanta has topographic features that include rolling

hills and dense tree coverage, earning it the nickname of "the city in a forest."

Revitalization of Atlanta's neighborhoods, initially spurred by the 1996 Summer

Olympics, has intensified in the 21st century, altering the city's demographics,

politics, aesthetics, and culture

O F F E R I N G M E M O R A N D U M | 3 6 0 C A M E R O N S T R E E T 13

With a GDP of $385 billion, the Atlanta metropolitan area's economy is the

tenth-largest in the country and among the top 20-largest in the world.

Corporate operations play a major role in Atlanta's economy, as the city

claims the nation's third-largest concentration of Fortune 500 companies. It

also hosts the global headquarters of corporations like The Coca-Cola

Company, The Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, and

UPS. Over 75% of Fortune 1000 companies conduct business operations in

the city's metro area, and the region hosts offices of over 1,250 multinational

corporations. Many corporations are drawn to the city by its educated

workforce; as of 2014, 45% of adults aged 25 or older residing in the city have

at least 4-year college degrees, compared to the national average of 28%

Information technology—a business sector that includes publishing,

software development, entertainment and data processing—has

garnered a larger percentage of Atlanta's economic output. Atlanta

has, indeed, been nicknamed the "Silicon peach" thanks to its

burgeoning technology sector. As of 2013, Atlanta contains the fourth-

largest concentration of information technology jobs in the US,

numbering 85,000+. The city also is ranked as the sixth fastest-growing

community for information technology jobs, with an employment

growth of 4.8% in 2012 and a three-year growth near 9%, or 16,000

jobs. Information technology companies are drawn to Atlanta's lower

costs and educated workforce

FOR LOWEST COST OF DOING BUSINESS

FORTUNE 500 COMPANY HEADQUARTERS

JOBS TO BE CREATED BY 2040

HARTSFIELD-JACKSON ATLANTA

INTERNATIONAL AIRPORT

AT

LAN

TA

BE

LTLI

NE

GE

OR

GIA

ST

AT

E U

NIV

ER

SIT

YG

RA

DY

HO

SP

ITA

L

ATLANTA BELTLINE: The Atlanta BeltLine is a sustainable redevelopment project that provides

a network of public parks, multi-use trails and transit along a historic 22-mile railroad corridor

circling downtown and connecting many neighborhoods directly to each other.

GEORGIA STATE UNIVERSITY: With 7 campuses in metro-Atlanta, the university provides its

world-class faculty and 53,000+ students with unsurpassed connections to the opportunities

available in one of the 21st century’s great global cities. A national leader in graduating students

from diverse backgrounds, Georgia State provides a rich experience with award-winning

housing, hundreds of student clubs and organizations, and one of the most diverse student

bodies in the country.

GRADY HOSPITAL: Grady’s mission is to improve the health of the community by providing

quality, comprehensive healthcare in a compassionate, culturally competent, ethical and

fiscally responsible manner. Grady maintains its commitment to the underserved of Fulton and

DeKalb counties, while also providing care for residents of metro Atlanta and Georgia. Grady

leads through its clinical excellence, innovative research and progressive medical education

and training.

O F F E R I N G M E M O R A N D U M | 3 6 0 C A M E R O N S T R E E T 17

UN

DE

RG

RO

UN

D A

TLA

NT

A

RE

DE

VELO

PM

EN

TM

ER

CE

DE

S-B

EN

Z S

TA

DIU

MS

UM

ME

RH

ILL

/ G

A A

VEN

UE

RE

DE

VELO

PM

EN

T

UNDERGROUND ATLANTA REDEVELOPMENT: The new vision of Underground will transform the

historic four-block radius into a sustainable community. Project includes student apartments,

affordable apartments, 190,000+ SF of retail and office space, a higher-density hotel and a

175,000 SF ecosystem that fosters creativity and supports Atlanta’s growing community of

makers and doers. Delivering late 2020.

MERCEDES-BENZ STADIUM: Mercedes-Benz Stadium serves as the home of the Atlanta Falcons

(NFL) and Atlanta United (MLS). Along with concerts previously held at the Georgia Dome, new

marquee events are hosted at the stadium including concerts, conventions and other sporting

events including Super Bowl LIII. Mercedes- Benz stadium has a capacity of 71,000 seats .

SUMMERHILL / GA AVENUE REDEVELOPMENT: Summerhill is the redevelopment of Atlanta’s

former Olympic stadium and surroundings, encompassing 80 acres adjacent to downtown

Atlanta with unrivaled access and visibility. The 19-block project represents a rare commodity

in Atlanta – a vibrant, walkable and authentic streetscape combining culture, entertainment,

and housing within a worldclass office ecosystem. Winner of GlobeSt. com’s 2019 ADAPT award

as the best economic restoration of a neighborhood’s former glory.

O F F E R I N G M E M O R A N D U M | 3 6 0 C A M E R O N S T R E E T 18

OFFERING MEMORANDUM www.commercialrehelp.com

Donna Smiley CBB, CCB, ABI, CNE

404.580.1265 Mobile

404.604.3100 Office

[email protected]