18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK

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1 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA Jeff Hammond, MPA Principle jhammond@svn.com Del Creviston, CCIM Managing Director del.creviston@svn.com SVN Creviston Realty, Inc Crabapple Road, Suite 201, Roswell, GA OFFERING MEMORANDUM

2 Property Summary OFFERING SUMMARY Sale Price: $4,250,000 Cap Rate: 18.32% NOI: $778,405 Lot Size: 2.85 Acres Year Built: 1976 Building Size: 70,000 Renovated: 2000 Zoning: General Commerical Market: Atlanta Submarket: Marietta PROPERTY OVERVIEW Great Opportunity for Investors. SVN Creviston Realty, Inc. is pleased to present for sale 1900 Leland Dr. Three office buildings, located in a prime Atlanta and Marietta location near the new SunTrust Park, Atlanta Braves Stadium. Said property boast a +/- 70,000 SF (Under Roof), with Rent able +/-60,000 SF of corporate office space total parking count. With Building Three +/- 10,000 SF covered parking. PROPERTY HIGHLIGHTS Near Sun Trust Park Average Daily Traffic Count +/-128,000 3 Buildings /-11,180 RSF, /- 29,652 RSF, /-17,699 RSF Plenty of Parking Great Access to I 75 N&S and I 285 E&W Two Buildings are 1 Story One Building 3 Stories Price / SF: $ % CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 2

3 Property Description PROPERTY OVERVIEW Great Opportunity for Investors. SVN Creviston Realty, Inc. is pleased to present for sale 1900 Leland Dr. Three office buildings, located in a prime Atlanta and Marietta location near the new SunTrust Park, Atlanta Braves Stadium. Said property boast a +/- 70,000 SF (Under Roof), with Rent able +/-60,000 SF of corporate office space total parking count. With Building Three +/- 10,000 SF covered parking. LOCATION OVERVIEW Property sits near I-75 and Leland Drive, just northeast of the Windy Hill exit. Quick access to I-75 and I % CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 3

4 Complete Highlights SALE HIGHLIGHTS Near Sun Trust Park Average Daily Traffic Count +/-128,000 3 Buildings /-11,180 RSF, /- 29,652 RSF, /-17,699 RSF Plenty of Parking Great Access to I 75 N&S and I 285 E&W Two Buildings are 1 Story One Building 3 Stories 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 4

5 Regional Map 18% CAP* Office Investment - Near SunTrust Park 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 5

6 Location Maps 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 6

7 Aerial Map 18% CAP* Office Investment Near SunTrust Park 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 7

8 Additional Photos Site Plan 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 8

9 Additional Photos 1902 Floor 1 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 9

10 Additional Photos 1902 Floor 2 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 10

11 Additional Photos 1902 Floor 3 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 11

12 Additional Photos 1900 Leland 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 12

13 Additional Photos 1904 Leland 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 13

14 Income & Expenses INCOME SUMMARY INCOME PROFORMA LELAND DRIVE PER SF Building 1900 $222,000 $3.17 Building 1904 $354,000 $ Second Floor $220,000 $ First Floor $220,000 $ Third Level - Penthouse $180,000 $ Lower Level - Garage $50,000 $0.71 Gross Income $1,246,000 $17.80 EXPENSE SUMMARY INCOME PROFORMA LELAND DRIVE PER SF 1900 Taxes $14,140 $ Taxes $19,594 $ Taxes $35,621 $0.51 Janitoral $33,365 $0.48 Landscape & Ground Maintance $33,365 $0.48 Trash Dumpster $7,750 $0.11 Utlilites $126,284 $1.80 Secuirty Services & Cost $88,356 $1.26 Insurance $24,000 $0.34 Gross Expenses $382,475 $5.46 Net Operating Income $778,405 $11.12 Enter comments here...3 Buildings /-11,180 RSF, /- 29,652 RSF, /-17,699 RSF 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 14

15 Financial Summary INVESTMENT OVERVIEW INCOME PROFORMA LELAND DRIVE Price $4,250,000 Price per SF $60.71 CAP Rate 18.3% Cash-on-Cash Return (yr 1) 48.5 % Total Return (yr 1) $605,340 Debt Coverage Ratio 2.96 OPERATING DATA INCOME PROFORMA LELAND DRIVE Gross Scheduled Income $1,216,000 Other Income $12,000 Total Scheduled Income $1,246,000 Vacancy Cost $85,120 Gross Income $1,160,880 Operating Expenses $382,475 Net Operating Income $778,405 Pre-Tax Cash Flow $515,288 FINANCING DATA INCOME PROFORMA LELAND DRIVE Down Payment $1,062,500 Loan Amount $3,187,500 Debt Service $263,117 Debt Service Monthly $21,926 Principal Reduction (yr 1) $90,052 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 15

16 Rent Roll TENANT NAME UNIT NUMBER UNIT SIZE (SF) LEASE START ANNUAL RENT PRICE PER SF/YR RECOVERY TYPE COMMENTS Building ,108 Current $222,160 $20.00 Building ,000 Current $640,000 $20.00 Building ,699 Current $353,980 $20.00 Totals/Averages 60,807 $1,216,140 $20.00 $0 $0 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 16

17 Rent Roll TENANT NAME UNIT NUMBER UNIT SIZE (SF) LEASE START ANNUAL RENT PRICE PER SF/YR RECOVERY TYPE COMMENTS Building ,108 Current $222,160 $20.00 Building ,000 Current $640,000 $20.00 Building ,699 Current $353,980 $20.00 Totals/Averages 60,807 $1,216,140 $20.00 $0 $0 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 17

18 Sale Comps SUBJECT PROPERTY 1900 Leland Drive Marietta, GA Sale Price: $4,250,000 Lot Size: 2.85 Acres AC Year Built: 1976 Building SF: 70,000 SF Price PSF: $60.71 Cap: 18.32% NOI: $778, LAKE PARK DR. Smyrna, GA Sale Price: $2,900,000 Lot Size: AC Year Built: 1984 Building SF: 33,794 SF Price PSF: $85.81 Closed: 05/02/ MANGET ST. SWE Marietta, GA Sale Price: $1,600,000 Lot Size: AC Year Built: 1987 Building SF: 15,000 SF Price PSF: $ Closed: 05/06/ % CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 18

19 Sale Comps POWERS FERRY 2141 Powers Ferry Rd Marietta, GA Sale Price: $2,400,000 Lot Size: 2.57 AC Year Built: 1980 Building SF: 37,440 SF Price PSF: $64.10 Closed: 01/31/ % CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 19

20 Sale Comps Summary SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS 18% CAP* Office Investment - Near SunTrust Park 1900 Leland Drive Marietta, GA $4,250,000 70,000 SF $ % SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE 2251 Lake Park Dr. Smyrna, GA Manget St. SWE Marietta, GA Powers Ferry 2141 Powers Ferry Rd Marietta, GA $2,900,000 33,794 SF $ /02/2016 $1,600,000 15,000 SF $ /06/2014 $2,400,000 37,440 SF $ /31/2017 PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE Totals/Averages $2,300,000 28,745 SF $ % CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 20

21 Sale Comps Map SUBJECT PROPERTY 1900 Leland Drive Marietta, GA LAKE PARK DR. 1 Smyrna, GA MANGET ST. SWE 2 Marietta, GA POWERS FERRY Powers Ferry Rd Marietta, GA % CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 21

22 Rent Comps SUBJECT PROPERTY 1900 Leland Drive Marietta, GA Lease Rate: Year Built: $20.00 SF 1976 Lease Type: Gross Space Size: Lot Size: 2.85 AC No. Units: 15 1,000 SF NORTHCHASE PKWY 1165 Northchase Parkway, GA Lease Rate: $17.50 SF Space Size: 3,212 SF Bldg Size: 85,152 SF Lease Date: 03/01/ WINDY HILL 2501 Windy Hill Rd Marietta, GA Lease Rate: $22.50 SF Bldg Size: 23,212 SF Lease Date: 09/27/16 Space Size: 2,690 SF Year Built: % CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 22

23 Rent Comps WINDY HILL 2470 Windy Hill Marietta, GA Lease Rate: $22.51 SF Space Size: 533 SF Bldg Size: 99,022 SF Lease Date: 09/01/12 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 23

24 Rent Comps Summary SUBJECT PROPERTY PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % 18% CAP* Office Investment - Near SunTrust Park 1900 Leland Drive Marietta, GA N/A 1,000 SF 70,000 SF % RENT COMPS PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % 1165 Northchase Pkwy 1165 Northchase Parkway, GA Windy Hill 2501 Windy Hill Rd Marietta, GA Windy Hill 2470 Windy Hill Marietta, GA $ ,212 SF 85,152 SF - - $ ,690 SF 23,212 SF - - $ SF 99,022 SF - - PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % Totals/Averages $ ,145 SF 69,129 SF - 0% 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 24

25 Rent Roll TENANT NAME UNIT NUMBER UNIT SIZE (SF) LEASE START ANNUAL RENT PRICE PER SF/YR RECOVERY TYPE COMMENTS Building ,108 Current $222,160 $20.00 Building ,000 Current $640,000 $20.00 Building ,699 Current $353,980 $20.00 Totals/Averages 60,807 $1,216,140 $20.00 $0 $0 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 25

26 Rent Comps Map SUBJECT PROPERTY 1900 Leland Drive Marietta, GA NORTHCHASE PKWY Northchase Parkway, GA WINDY HILL Windy Hill Rd Marietta, GA WINDY HILL Windy Hill Marietta, GA % CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 26

27 Demographics Report 1 MILE 3 MILES 5 MILES Total population 13,814 84, ,008 Median age Median age (Male) Median age (Female) Total households 6,408 40,588 83,308 Total persons per HH Average HH income $54,544 $69,605 $90,321 Average house value $274,650 $287,521 $380,580 * Demographic data derived from 2010 US Census 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 27

28 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES 13,814 84, ,008 Median age Median age (Male) Median age (Female) MILE 3 MILES 5 MILES 6,408 40,588 83,308 # of persons per HH Average HH income $54,544 $69,605 $90,321 Average house value $274,650 $287,521 $380,580 Total population HOUSEHOLDS & INCOME Total households * Demographic data derived from 2010 US Census 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 28

29 JEFF HAMMOND, MPA Principle PROFESSIONAL BACKGROUND Jeff Hammond has over 20 years experience in the sale, investment, development and property management of commercial and residential real estate. He has a strong entrepreneurial drive and focuses on the bottom-line while being ever mindful of providing stellar service to clients. Jeff gained his early business experience with UPS, the global leader in logistics, packaging & specialized transportation. Here he made significant contributions as a change agent improving efficiencies, reducing costs & driving quality. Jeff s commercial real estate sales and marketing expertise lie in his ability to build strong client relationships, ensure quality service and negotiate the best terms possible to close transactions. Jeff s colleagues recognize his entrepreneurial spirit and refer to him as The Bulldog and Mr. Networker. These unique skill sets have enabled him to become a top performer in marketing commercial real estate and a leader in the sale of office, retail and industrial space. Jeff has represented large national accounts and focused on retail investments. Key accounts comprised of nationally recognized corporations including Dairy Queen, Popeyes, Tilted Kilt, Dunkin Donuts, Steak 'N Shake, Allstate, American Family Insurance, Tower Loans, 607 Investments and more. He has Increased sales revenue 100% as forecasted year-over-year (2013 compared to 2012) Crabapple Road, Suite 201 Roswell, GA T C jhammond@svn.com Also, Jeff serves as a real estate consultant for 607 Investments. 607 Investments takes retail financing and construction of a QSR's land and building ONE GIANT step beyond the norm. They provide an ALL N ONE solution that takes the banks, personal monies, and cost over runs, out of a franchisees' vocabulary. Check out Jeff is an active member of numerous real estate associations, is a CCIM Candidate, and was elected as the 2013 President of the St. Charles Real Estate Association in St. Charles, MO. EDUCATION University of North Carolina Charlotte Bachelor s in Political Science Master of Public Administration Mike Lipsey School of Real Estate Dale Carnegie School of Excellence Andrew Lacey Group Real Estate Coaching Over 1,000 hours in real estate classroom training MEMBERSHIPS & AFFILIATIONS Licensed Real Estate Broker in Georgia, Florida, Missouri and Illinois Professional with over 20 years helping clients with their Commercial Real Estate needs. 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 29

30 DEL CREVISTON, CCIM Managing Director PROFESSIONAL BACKGROUND Del Creviston, CCIM Broker / R.E. Trainer serves as a senior advisor for SVN/Creviston Realty, Inc., specializing in the sale of industrial, office, retail, multi- family in the Metro Atlanta area. With over 25 years of experience in the real estate and design/build industry, Creviston has worked on a variety of projects, including commercial, industrial, medical, judicial, and mixed-used design. Prior to joining SVN, Creviston served as the director of real estate services for the Atlanta office of a national real estate developer. Creviston has provided real estate brokerage services for such notable companies as Cingular Wireless, SBC Telecom and Verizon Crabapple Road, Suite 201 Roswell, GA T C del.creviston@svn.com Creviston holds the prestigious Certified Commercial Investment Member designation and is also a member of the North Fulton Chamber of Commerce, the Atlanta Commercial Board of Realtors, and the International Council of Shopping Centers. In addition, he is a member and Past Chairman of the Design Build Institute of America, Southeast chapter where he lead the chapter to become one of the fastest growing chapters in the nation. Creviston was also recently nominated to the Board of Directors of HomeStretch, a non-profit organization that places low income families in affordable housing. Bachelors of Science from Purdue University Second degree in computer science from Vincennes University. MEMBERSHIPS & AFFILIATIONS CCIM ACBR North Fulton Chamber of Commerce 18% CAP* OFFICE INVESTMENT - NEAR SUNTRUST PARK 1900 LELAND DRIVE MARIETTA, GA SVN Creviston Realty, Inc. Page 30