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Offering Memorandum Offering Memorandum VIRGINIA- HIGHLAND REDEVELOPMENT VIRGINIA- HIGHLAND REDEVELOPMENT OPPORTUNITY | 0.28 ACRES OPPORTUNITY | 0.28 ACRES

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Page 1: Offering Memorandum - LoopNetimages1.loopnet.com/d2/UkeuZV7QTN9VzdI__X9OPVe9... · PROPERTY SUMMARY • Prime location between Poncey-Highland – Virginia-Highland – Druid Hills

Offering MemorandumOffering MemorandumV I R G I N I A - H I G H L A N D R E D E V E L O P M E N TV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T

O P P O R T U N I T Y | 0 . 2 8 A C R E SO P P O R T U N I T Y | 0 . 2 8 A C R E S

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P a g e 2 o f 1 3

D I S C L A I M E R & L I M I T I N G C O N D I T I O N S 3

E X E C U T I V E S U M M A R Y 4

P R O P E R T Y D E T A I L S 5

S I T E P L A N 6

L O C A T I O N M A P S 7

A E R I A L M A P 8

A E R I A L V I E W 9

I N T H E A R E A 10

D E M O G R A P H I C S M A P 11

B R O K E R P R O F I L E 12

T E A M P R O F I L E 13

T A B L E O F C O N T E N T ST A B L E O F C O N T E N T S

Daniel Latshaw, CCIM, MBADaniel Latshaw, CCIM, MBA

Partner, Bull RealtyPartner, Bull Realty

[email protected]@BullRealty.com

404-876-1640 x127404-876-1640 x127

50 Glenlake Parkway, Suite 60050 Glenlake Parkway, Suite 600

Atlanta, GA 30328Atlanta, GA 30328

BullRealty.comBullRealty.com

Exclusively listed by Bull Realty, Inc.

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D I S C L A I M E R & L I M I T I N G C O N D I T I O N SD I S C L A I M E R & L I M I T I N G C O N D I T I O N SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

P a g e 3 o f 1 3

Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property.

This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information

that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions

relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not

rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective

purchasers.

In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or

accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review

independently all documents.

This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation,

endorsement or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own

investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate

discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this

Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed,

delivered and approved by the Owner/Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. The Seller reserves the

right to move forward with an acceptable offer prior to the call for offers deadline.

This Offering Memorandum may be used only by parties approved by the Owner. The Property is privately offered, and by accepting this Offering

Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of a confidential

nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed

to anyone without the prior written authorization of Bull Realty, Inc. or Owner/Seller. The terms and conditions set forth above apply to this Offering

Memorandum in its entirety and all documents, disks and other information provided in connection therewith.

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This fantastic redevelopment opportunity on Ponce de Leon Avenue is a prime 0.28

acre (12,600 square foot) site zoned C-1 in the middle of posh Poncey-Highland/

Druid Hills/Virginia-Highland neighborhoods. The flexible commercial zoning could

allow several different types of uses such as office, multifamily, retail or other

commercial uses.

The property would also be an ideal location for a professional office that could

benefit from retail exposure.

The existing structure on the property has been stripped to the studs, and could be

rehabbed as a usable 4,245 square foot space. The property will be sold as-is.

PROPERTY SUMMARYPROPERTY SUMMARY

• Prime location between Poncey-Highland – Virginia-Highland – Druid Hills

• Flexible C-1 zoning allows for multifamily, office, retail or other commercial uses

• 0.28 acre, ±12,600 SF site

• Dimensions are approximately 65’x 200’

• 40,000+ traffic counts on Ponce de Leon Avenue

• Location boasts high-income demographics

PROPERTY HIGHLIGHTSPROPERTY HIGHLIGHTS

P a g e 4 o f 1 3

E X E C U T I V E S U M M A R YE X E C U T I V E S U M M A R YV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

PRICE | $1,200,000PRICE | $1,200,000

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P a g e 5 o f 1 3

Property Address:Property Address: 1107 Ponce de Leon Ave

Atlanta, GA 30306

County:County: Fulton

Assessor’s Parcel ID:Assessor’s Parcel ID: 1400160013003

Site Size:Site Size: 0.28 Acre (12,600 SF)

Zoning:Zoning: C-1

P R O P E R T Y D E T A I L SP R O P E R T Y D E T A I L SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

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P a g e 6 o f 1 3

S I T E P L A NS I T E P L A NV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

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P a g e 7 o f 1 3

L O C A T I O N M A P SL O C A T I O N M A P SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

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A E R I A L M A PA E R I A L M A PV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

P a g e 8 o f 1 3

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P a g e 9 o f 1 3

A E R I A L V I E WA E R I A L V I E WV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

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P a g e 1 0 o f 1 3

I N T H E A R E AI N T H E A R E AV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

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P O N C E C I T Y M A R K E TP O N C E C I T Y M A R K E T

Ponce City Market is a mixed-use development located in a

historic building in Atlanta, with national and local retail

anchors, restaurants, a food hall, boutiques and offices, and

residential units. It is located where the BeltLine crosses

Ponce de Leon Avenue in the Old Fourth Ward where that

neighborhood touches the Virginia Highland, Poncey

Highland and Midtown neighborhoods.

T H E A T L A N T A B E L T L I N ET H E A T L A N T A B E L T L I N E

The Atlanta BeltLine is a sustainable redevelopment project

that will provide 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.

T H E C A R T E R C E N T E RT H E C A R T E R C E N T E R

The Carter Center is located in a 35-acre park approximately

1.5 miles east of downtown Atlanta. Four circular

interconnected pavilions house offices for former president

Jimmy Carter and first lady and Center staff. The complex

includes the Cecil B. Day Chapel and other conference

facilities. The Jimmy Carter Library and Museum, which

adjoins the Center, is owned and operated by the National

Archives and Records Administration. The Center and Library

are known collectively as The Carter Presidential Center.

F R E E D O M P A R K C O N S E R V A N C YF R E E D O M P A R K C O N S E R V A N C Y

Freedom Park is the largest linear passive park in the city of

Atlanta at just over 200 acres of pastoral rolling green space.

With the advent of the Atlanta BeltLine, Freedom Park is a

critical connection to movement throughout the city by bike

or by foot. The trails connect to downtown Atlanta, Inman

Park, Old Fourth Ward, Candler Park, Poncey-Highland,

Virginia Highland, Little 5 Points, The Atlanta BeltLine, The

Martin Luther King, Jr. National Historic Site and more.

V I R G I N I A H I G H L A N D SV I R G I N I A H I G H L A N D S

Developed in the early 1900’s, Virginia-Highland, consists of

four distinct commercial “villages” connected by short,

walkable blocks lined with charming bungalow homes. Locals

and tourists alike mingle for brunch at charming sidewalk

cafes, meals and drinks on comfortable patios and terraces,

and cocktails at lively night spots. Virginia-Highland is

acclaimed for its diverse and unique shopping.

K R O G S T R E E T M A R K E TK R O G S T R E E T M A R K E T

Krog Street Market is a 9-acre mixed-use development

located along the Atlanta BeltLine in Inman Park. The

complex is a 12,000 square foot west-coast style

marketplace complete with restaurants and 300 apartments.

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D E M O G R A P H I C S M A PD E M O G R A P H I C S M A PV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

P a g e 1 1 o f 1 3

* Demographic data derived from 2010 US Census

1 Mile1 Mile 2 Miles2 Miles 3 Miles3 Miles

Total PopulationTotal Population 19,659 66,299 138,329

Population DensityPopulation Density 6,258 5,276 4,892

Median AgeMedian Age 34.1 34.9 34.5

Median Age (Male)Median Age (Male) 34.3 35.6 35.0

Median Age (Female)Median Age (Female) 33.4 34.3 34.1

Total HouseholdsTotal Households 10,421 33,710 68,318

# of Persons Per HH# of Persons Per HH 1.9 2.0 2.0

Average HH IncomeAverage HH Income $105,899 $103,917 $94,180

Average House ValueAverage House Value $493,269 $457,559 $406,892

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B R O K E R P R O F I L EB R O K E R P R O F I L EV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

Bull Realty is a commercial real estate sales, leasing and advisory firm headquartered in Atlanta and licensed innine Southeast states. The firm was founded in 1998 with two primary missions: to provide a company ofadvisors known for their integrity and to provide the best disposition marketing in the nation. Client servicesinclude disposition, acquisition, project leasing, tenant representation, asset management and consultingservices. Advisors focus on specific property types including office, retail, industrial, multifamily, land, healthcare,senior housing, self-storage, automotive, hospitality and single tenant net lease properties.

The firm produces America's Commercial Real Estate Show, a national video show and podcast enjoyed bymillions of people around the country. Industry analysts, leading market participants and the firm's founderMichael Bull share market intelligence, forecasts and success strategies. The show has aired every week since2010 on iTunes, YouTube and www.CREshow.com. The firm also produces Atlanta's Commercial Real EstateShow available on AtlCREshow.com

404-876-1640 x127

P a g e 1 2 o f 1 3

50 Glenlake Parkway, Suite 600Atlanta, GA 30328

[email protected]

Partner, Bull RealtyPartner, Bull Realty

DANIEL LATSHAW, CCIM, MBADANIEL LATSHAW, CCIM, MBA Professional BackgroundProfessional BackgroundSince his first investment property purchase in 1995, Daniel has had a passion for Atlanta real estate. Whileearning his MBA at Emory University’s Goizueta Business School, where he was founder and the first president ofthe Goizueta Real Estate Group, the Virginia Tech undergrad decided to make a career out of what started as ahobby. After graduation, Daniel managed acquisitions for the UK’s top institutional real estate investment house,ING Barings, in London.

Upon arrival back in Atlanta, Daniel joined Bull Realty where his deep commitment to serving clients benefitedfrom the firm’s innovative marketing platform. Always active in church leadership and family, he identified withthe firm’s founding principle to be a company of stellar integrity. Now a Partner and CCIM, Daniel has achievedtop producer status for Bull Realty the past 16 years by consistently exceeding client expectations on hundredsof intown Atlanta projects.

Daniel enjoys spending time with his wife and four daughters. When not making waves in real estate, the avidsurfer enjoys catching them in coastal destinations ranging from the Southeast U.S. to South America.

Bull Realty Inc.Bull Realty Inc.

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T E A M P R O F I L ET E A M P R O F I L EV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E SV I R G I N I A - H I G H L A N D R E D E V E L O P M E N T O P P O R T U N I T Y | 0 . 2 8 A C R E S

P a g e 1 3 o f 1 3

Daniel Latshaw, CCIM, MBADaniel Latshaw, CCIM, MBAPartner, Bull Realty

[email protected] x127

Maile FloydMaile FloydMarketing

Michael BullMichael BullBroker

Grant SmithGrant SmithMarketing

Scott JacksonScott JacksonAnalyst