Offering Memorandum - LoopNet · 2018. 8. 28. · LAKE LANIER ISLANDS Situated along the shores of...

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Offering Memorandum BUFORD SELF-STORAGE SITE | 1.63 ACRES

Transcript of Offering Memorandum - LoopNet · 2018. 8. 28. · LAKE LANIER ISLANDS Situated along the shores of...

Page 1: Offering Memorandum - LoopNet · 2018. 8. 28. · LAKE LANIER ISLANDS Situated along the shores of Lake Sidney Lanier, Lake ... Authority for $3.2 million, ... a commercial development

Offering MemorandumB U F O R D S E L F - STO R AG E S I T E | 1 . 63AC R E S

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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 S 3E X E C U T I V E S U M M A R Y 4P R O P E R T Y O V E R V I E W 5

A E R I A L 6S I T E P L A N 7

L O C AT I O N M A P S 8R E TA I L E R M A P 9

I N T H E A R E A 10B 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 S

50 Glenlake Parkway, Suite 600Atlanta, GA 30328BullRealty.com

Darrell [email protected] x114

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 SB U F O R D S E L F - S T O R A G E S I T E | 1 . 6 3 A C R E S

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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 theinformation that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based uponassumptions relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospectivepurchasers may not rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available toqualified prospective purchasers.

In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete oraccurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected toreview independently all documents.

This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute arecommendation, endorsement or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is torely 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 toterminate discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaserreviewing this Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has beenfully executed, delivered and approved by the Owner/Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. TheSeller 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 OfferingMemorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of aconfidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwisereproduced or disclosed to anyone without the prior written authorization of Bull Realty, Inc. or Owner/Seller. The terms and conditions set forth aboveapply to this Offering Memorandum in its entirety and all documents, disks and other information provided in connection therewith.

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1.63 acre parcel graded with all utilities is pre-approved for the constructionof a climate controlled self-storage facility. A conceptual site plan andspecial use permit have been approved and are available for use. Thisproperty is in a fantastic location near the Mall of Georgia, directly in frontof the large Dakota Mill Creek apartment community and surrounded bydense residential communities.

PROPERTY OVERVIEW• 1.63 acre site near the Mall of Georgia in Buford

• Permit approved for climate controlled self-storage

• Survey and all utilities available

• Flat topography

• Parcel ID R7144 028

• High income demographic area

• Frontage on two streets - Mall of Georgia Boulevard and Appaloosa Lane

• Near the large Dakota Mill Creek apartment community

PROPERTY HIGHLIGHTS

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PRICE | $1,665,000

E X E C U T I V E S U M M A RYB U F O R D S E L F - S T O R A G E S I T E | 1 . 6 3 A C R E S

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P R O P E R T Y O V E R V I E WB U F O R D S E L F - S T O R A G E S I T E | 1 . 6 3 A C R E S

Address: 1794 Mall of Georgia Blvd, Buford, GA 30509

County: Gwinnett

Site Size: 1.63 Acres

Parcel ID: R7144 028

Zoning: C2

Proposed Use: Self-storage

Sale Price: $1,665,000

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A E R I A LB U F O R D S E L F - S T O R A G E S I T E | 1 . 6 3 A C R E S

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S I T E P L A NB U F O R D S E L F - S T O R A G E S I T E | 1 . 6 3 A C R E S

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This property is located in Buford, GA within the Gwinnett Countylimits. It is in a fantastic location near the Mall of Georgia, directly infront of the large Dakota Mill Creek apartment community andsurrounded by dense residential communities.

Source: ESRI

LOCATION DESCRIPTIONPOPULATION 1 MILE 5 MILES 10 MILESTOTAL POPULATION 3,967 117,259 427,106

MEDIAN AGE 33.4 34.6 34.2

MEDIAN AGE (MALE) 32.4 33.6 33.5

MEDIAN AGE (FEMALE) 34.6 35.6 35.1

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILESTOTAL HOUSEHOLDS 1,343 37,810 138,515

# OF PERSONS PER HH 3.0 3.1 3.1

AVERAGE HH INCOME $76,734 $83,362 $87,491

AVERAGE HOUSE VALUE $213,716 $229,547 $273,087

L O C AT I O N M A P SB U F O R D S E L F - S T O R A G E S I T E | 1 . 6 3 A C R E S

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R E TA I L E R M A PB U F O R D S E L F - S T O R A G E S I T E | 1 . 6 3 A C R E S

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I N T H E A R E AB U F O R D S E L F - S T O R A G E S I T E | 1 . 6 3 A C R E S

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I N T H E A R E AB U F O R D S E L F - S T O R A G E S I T E | 1 . 6 3 A C R E S

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L A K E L A N I E R I S L A N D SSituated along the shores of Lake Sidney Lanier, LakeLanier Resort features 1,500 scenic acres, beckoning tofamilies and corporate groups alike. Encompassingimmense natural beauty in an intimate setting, thisluxury resort and hotel in Buford, GA is perfect forfamily vacations, romantic escapes, businessconferences, weddings and more.

T H E M A L L O F G E O R G I AThe Mall of Georgia is the largest mall within the stateof Georgia with over 200 stores including the anchordepartment stores Belk, Dillard’s, JCPenney andMacy’s. It is part of Simon Property Group and featuresan IMAX theater and many dining options. Surroundingthe mall is one of the largest retail districts in theMetro-Atlanta area.

L I T T L E KO R E AGwinnett County is the most diverse county in the

Southeast boasting large influence and populationfrom Asian and Hispanic immigrants. Gwinnett Countyhas been heralded the Seoul of the South with its richKorean culinary scene. Many Asian supermarkets andrestaurants can be found along Buford Highway for a

delicious excursion!

I N F I N I T E E N E R G Y C E N T E RLocated just off of I-85 and Sugarloaf Parkway, theInfinite Energy Center is minutes from from theoutside of Atlanta. The center holds 13,000 seats forworld class entertainment. The center’s 90-acrelakefront campus can accommodate a variety ofevents from concerts, performances, meetings, tradeshows, conventions, banquets, and celebrations.

T H E C H AT TA H O O C H E E R I V E RLying within the Chattahoochee National Forest, the

Chattahoochee River originates in the Blue RidgeMountains to provide metro Atlanta with amazingoutdoor recreation. Commonly referred to as “The

Hooch” the Chattahooee River has served a summerstaple for family fun, lazy river tubing and countless

summer memories.

G E O R G I A G W I N N E T T C O L L E G EGeorgia Gwinnett College was founded in 2005 as a

dynamic learning community. More than 12,000students are currently enrolled with 68% being full

time. GGC has an average class size of 21 students, withhigh faculty and technological engagement. The

university provides a high-value , low-cost option forstudents seeking higher education.

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B R O K E R P R O F I L EB U F O R D S E L F - S T O R A G E S I T E | 1 . 6 3 A C R E S

Bull Realty is a commercial real estate sales, leasing, management and advisory firm headquartered inAtlanta licensed in nine Southeast states. The firm was founded in 1998 on two primary missions: to provide acompany of advisors known for integrity and to provide the best disposition marketing in the nation. Stillguided by these philosophies, the firm's services have expanded to include disposition, acquisition, projectleasing, property management, tenant representation and consulting services. To add additional value andefficiency for clients, advisors focus on specific sectors and services in the office, retail, industrial,multifamily, land, healthcare, senior housing, self-storage, automotive, hospitality and single tenant net leasesectors.

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 x114

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50 Glenlake Parkway, Suite 600Atlanta, GA 30328

[email protected]

BrokerDARRELL CHAPMAN Professional Background

While Darrell is experienced in all types of commercial properties throughout the Southeast, his primaryfocus has been industrial investment properties and mixed use developments in the North Atlanta market .As a long time resident of the suburbs of North Atlanta, he has extensive knowledge of the area and thebusiness trends in these markets. Marketing more than $300 million in commercial property since 2007,Darrell has become a recognized go-to broker in North Georgia.

Darrell helped establish Bull Realty’s first satellite office on GA 400 north of Atlanta. He is a member of theAtlanta Commercial Board of Realtors, Atlanta Commercial Board of Realtors Million Dollar Club, the NationalAssociation of REALTORS, the Dawson County Chamber of Commerce and the Hall County Chamber ofCommerce. Darrell lives in Dawsonville with his wife of 21 years, his young daughter and a menagerie of pets.Favorite hobbies include boating, water skiing and off-roading.

Some notable closings include a 9 acre site in Gwinnett County for the Georgia Regional TransportationAuthority for $3.2 million, a retail park with 20 tenants next to the North Georgia Premium Outlet Mall whichsold for $4.5 million, a commercial development park in north Georgia on GA Hwy 400 for $4.9 MM, a medicaloffice park for $2.4 million, a $1.4 million dollar land sale to RaceTrac Petroleum, and several retail salesincluding C Stores, Car Washes, and Shopping Centers. Prior to commercial real estate sales, Darrell enjoyed asuccessful career in the boating industry, and worked as a manager, consultant, and trainer for many of theleading dealerships in the Southeast. Darrell eventually operated his own successful dealership in ForsythCounty and honed his reputation for honesty and integrity selling boats to customers all over the world.

Darrell attended the University of Tennessee studying electrical engineering.

Bull Realty Inc.

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Darrell [email protected] x114

Colt NealMarketing

Randee ComstockMarketing

Scott JacksonAnalyst