1 THE PLAZA AT WEST END · 1 SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o:...
Transcript of 1 THE PLAZA AT WEST END · 1 SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o:...
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SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
Seryus Property Group is pleased to presentTHE PLAZA WEST END at Historic West End Atlanta, GA.This rare opportunity to own almost an entire city block of storefront retail, office space and an historic theater will not last long. The property has over 35,000 SF of rentable space, off-street parking and almost 200 feet of frontage at one of Intown Atlanta’s busiest intersections.
Named 2015 Curbed Cup Champion and the hottest neighborhood in Atlanta of 2016 by Redfin, the burgeoning, yet historic community of West End is quickly becoming one of Atlanta' s most talked-about neighborhoods for young professionals and families. Whether a pedestrian and bike-friendly commute along the Atlanta BeltLine or a neighborhood convenient to major thoroughfares, West End has it all.
Property characteristics • 36,000 rentable SF of
Historic Storefront Retail with Theater
• 1 Block from MARTA Rail Station
• 3 Blocks from I20
• Eligible for both New Market and Historic Tax Credits
• Less than 1 Mile from Atlanta Beltline
• Average Daily Traffic count 15,600
THE PLAZA AT WEST END
832-852 Ralph David Abernathy Blvd 640 Evans St, 841 York Ave Atlanta, GA 30310 AVAILABLE NOW!
STREET RETAIL H
IGH
TRAFFIC
Presented by:
SERYUS PROPERTY GROUP
FOR MORE INFORMATION CONTACT: H. SCOTT YOUNG [email protected] 404-507-2597
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
HISTORIC PLAZA
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SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
AVAILABLE NOW!
THE PLAZA AT WEST ENDSTREET RETAIL H
IGH
TRAFFIC
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
SERYUS PROPERTY GROUP
Portfolio Overview The information listed above has been obtained from sources we believe to be reliable, however, we
accept no responsibility for its correctness. 5
PORTFOLIO SUMMARY SALE PRICE: $3,900,000LOT SIZE: 1.0566 AcresBUILDING SIZE: 35,558 SFCEILING HEIGHT: 12-22 FTYEAR BUILT: 1920, 1950ZONING: SP-21 SA3, SA4TRAFFIC: 16,073 MPSIFRONTAGE: Ralph David Abernathy, Evans St, York Ave
832-836 RDA
840-842 RDA
844 RDA
852 RDA
640 EVANS
841 YORK
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SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
AVAILABLE NOW!
THE PLAZA AT WEST ENDSTREET RETAIL H
IGH
TRAFFIC
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
SERYUS PROPERTY GROUP
Property Overview The information listed above has been obtained from sources we believe to be reliable, however, we
accept no responsibility for its correctness. 5
PROPERTY SUMMARY LOT SIZE: 0.2227 AcresBUILDING SIZE: 6,041 SFCEILING HEIGHT: 16.0 FTYEAR BUILT: 1920ZONING: SP-21 SA3
TenantsKim’s Fashion West End Food Mart
1. 832-836 Ralph David Abernathy
832-836 RDA
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SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
THE PLAZA AT WEST END
Property Overview The information listed above has been obtained from sources we believe to be reliable, however, we
accept no responsibility for its correctness. 5
PROPERTY SUMMARY LOT SIZE: 0.1921 AcresBUILDING SIZE: 9,941 SFCEILING HEIGHT: 22 FTYEAR BUILT: 1920ZONING: SP-21 SA3
TenantsStar TheaterJD’s Southern ComfortBoost Mobile
2. 840-842 Ralph David Abernathy
840-842 RDA
AVAILABLE NOW!
STREET RETAIL H
IGH
TRAFFIC
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
SERYUS PROPERTY GROUP
![Page 5: 1 THE PLAZA AT WEST END · 1 SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 Seryus Property Group is pleased to present THE PLAZA](https://reader033.fdocuments.net/reader033/viewer/2022050120/5f50149797f2d65c4f26f0c8/html5/thumbnails/5.jpg)
SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
THE PLAZA AT WEST END
Property Overview The information listed above has been obtained from sources we believe to be reliable, however, we
accept no responsibility for its correctness. 5
PROPERTY SUMMARY LOT SIZE: 0.3698 AcresBUILDING SIZE: 11,736 SFCEILING HEIGHT: 22 FTYEAR BUILT: 1920ZONING: SP-21 SA3
TenantsPhone PharaohStones of Beauty
3. 844 Ralph David Abernathy
844 RDA
AVAILABLE NOW!
STREET RETAIL H
IGH
TRAFFIC
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
SERYUS PROPERTY GROUP
![Page 6: 1 THE PLAZA AT WEST END · 1 SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 Seryus Property Group is pleased to present THE PLAZA](https://reader033.fdocuments.net/reader033/viewer/2022050120/5f50149797f2d65c4f26f0c8/html5/thumbnails/6.jpg)
SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
THE PLAZA AT WEST END
Property Overview The information listed above has been obtained from sources we believe to be reliable, however, we
accept no responsibility for its correctness. 5
PROPERTY SUMMARY LOT SIZE: 0.3698 AcresBUILDING SIZE: 4,228 SFCEILING HEIGHT: 12 FTYEAR BUILT: 1920, 1950ZONING: SP-21 SA3
TenantsLiberty Tax ServicesForage & FluerEskinde Accounting
4. 852 Ralph David Abernathy
852 RDA
AVAILABLE NOW!
STREET RETAIL H
IGH
TRAFFIC
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
SERYUS PROPERTY GROUP
![Page 7: 1 THE PLAZA AT WEST END · 1 SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 Seryus Property Group is pleased to present THE PLAZA](https://reader033.fdocuments.net/reader033/viewer/2022050120/5f50149797f2d65c4f26f0c8/html5/thumbnails/7.jpg)
SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
THE PLAZA AT WEST END
Property Overview The information listed above has been obtained from sources we believe to be reliable, however, we
accept no responsibility for its correctness. 5
PROPERTY SUMMARY LOT SIZE: 0.1171 AcresBUILDING SIZE: 3,612 SFCEILING HEIGHT: 14 FTYEAR BUILT: 1957ZONING: SP-21 SA4
Tenants640 West Cafe
5. 640 Evans St.
640 EVANS
AVAILABLE NOW!
STREET RETAIL H
IGH
TRAFFIC
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
SERYUS PROPERTY GROUP
![Page 8: 1 THE PLAZA AT WEST END · 1 SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 Seryus Property Group is pleased to present THE PLAZA](https://reader033.fdocuments.net/reader033/viewer/2022050120/5f50149797f2d65c4f26f0c8/html5/thumbnails/8.jpg)
SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
THE PLAZA AT WEST END
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
STREET RETAIL H
IGH
TRAFFIC
AVAILABLE NOW!
SERYUS PROPERTY GROUP
Property Overview The information listed above has been obtained from sources we believe to be reliable, however, we
accept no responsibility for its correctness. 5
PROPERTY SUMMARY LOT SIZE: 0.1549 AcresBUILDING SIZE:CEILING HEIGHT:YEAR BUILT: ZONING: SP-21 SA4
6. 841 York Ave (Lot)
841 YORK
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SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
THE PLAZA AT WEST END
AVAILABLE NOW!
STREET RETAIL H
IGH
TRAFFIC
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
SERYUS PROPERTY GROUP
![Page 10: 1 THE PLAZA AT WEST END · 1 SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 Seryus Property Group is pleased to present THE PLAZA](https://reader033.fdocuments.net/reader033/viewer/2022050120/5f50149797f2d65c4f26f0c8/html5/thumbnails/10.jpg)
SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
STREET RETAIL H
IGH
TRAFFIC
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
H. Scott Young’s Real Estate experience began in 1998 where he served as Resident Property Manager for a family-owned apartment building while attending Georgetown University. After graduating with a B.S. in Foreign Service, Scott worked as a research analyst at CoStar Group, the nation’s largest Commercial Real Estate information company. Performing multiple redevelopment projects since 2008, both as a consultant and an investor, Scott’s projects have averaged a 600% cash-on-cash return for properties sold and a 12.5% net cap rate for properties held. Scott’s aggressive ‘frontiersman’ approach allows clients to penetrate markets that have been ignored or avoided in order to achieve maximum value.
SERYUS PROPERTY GROUP THE PLAZA AT WEST END
H. SCOTT YOUNG Commercial Sales and Leasing Seryus Property Group LLC [email protected] 404-507-2597
THE TURNAROUND PEOPLE
At SERYUS we embark on the painstaking process of converting non-performing assets into thriving ones through our intimate knowledge of local commercial and multi-family markets. Thoughtful acquisition, renovation, leasing and management allows us to meet the market at the “sweet spot” between its current state and its future position, helping investors realize substantial asset appreciation while minimizing risk.
Agent Info
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SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
STREET RETAIL H
IGH
TRAFFIC
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
SERYUS PROPERTY GROUP
THE PLAZA AT WEST END PRO-FORMA
Y1 Y2 Y3 Y4 Y5
Sale Price $3,900,000 $3,900,000 $3,900,000 $3,900,000 $3,900,000
TOTAL ASSET COST $3,900,000 $3,900,000 $3,900,000 $3,900,000 $3,900,000
REVENUES
Gross Rent (+10% Y4) $415,000 $415,000 $415,000 $456,500 $456,500
Other Income (events, parking, etc.)
$15,000 $15,000 $15,000 $15,000 $15,000
GROSS INCOME $430,000 $430,000 $430,000 $471,500 $471,500
Vacancy (8%) $34,400 $34,400 $34,400 $37,720 $37,720
EFFECTIVE GROSS RENT (EGR)
$395,600 $395,600 $395,600 $433,780 $433,780
OPERATING EXPENSES
$100,000 $100,425 $101,771 $105,260 $106,744
Taxes $52,000 $52,000 $52,000 $52,000 $52,000
Management (5%) $21,500 $21,500 $21,500 $23,575 $23,575
Insurance $18,000 $18,000 $18,900 $19,845 $20,837
Utilities $8,500 $8,925 $9,371 $9,840 $10,332
Sanitation $7,500 $7,500 $7,500 $7,500 $7,500
NET OPERATING INCOME
$288,100 $287,675 $286,329 $321,020 $319,536
DEBT SERVICE (Interest Only 5.5%)
$171,600 $171,600 $171,600 $171,600 $171,600
Loan 1 (@80 LTV) $3,120,000 $3,120,000 $3,120,000 $3,120,000 $3,120,000
CASH FLOW $116,500 $116,075 $114,729 $149,420 $147,936
ORIGINAL EQUITY INVESTMENT
$780,000 $780,000 $780,000 $780,000 $780,000
CASH-ON-CASH ROI 14.94% 14.88% 14.71% 19.16% 18.97%
CAP RATE 7.39% 7.38% 7.34% 8.23% 8.19%
DEBT COVERAGE RATIO
1.68 1.68 1.67 1.87 1.86
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SERYUS PROPERTY GROUP, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236 www.seryus.com
THE PLAZA AT WEST END
H. SCOTT YOUNG Commercial Sales and Leasing Seryus Property Group LLC [email protected] 404-507-2597
WESTSIDE ATLANTA:
MAJOR AREA INVESTMENT URBAN REVITALIZATION HISTORIC SIGNIFICANCE FLOURISHING RESTAURANTS POPULATION GROWTH ACCESS TO PUBLIC TRANSIT TOURIST DESTINATIONS
ATLANTA BELTLINE MERCEDES BENZ STADIUM MURPHY CROSSING PARK MOREHOUSE SCHOOL OF MEDICINE MONDAY NIGHT BREWING SITE
HISTORIC PLAZA
AVAILABLE NOW!
STREET RETAIL H
IGH
TRAFFIC
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 and bears all risks for any inaccuracies. Seryus Property Group, LLC.
SERYUS PROPERTY GROUP