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MULTIFAMILY / ASSISTED LIVING ASSEMBLAGE SUBJECT PROPERTY HIGHLIGHTS 3.5 TO 7.5 ACRES (Multiple Brokers) PUBLIC COUNTY UTILITIES WALK TO RETAIL / GROCERY ACCESS ROADS ON 4 SIDES PERFECT FOR APARTMENTS, NURSING HOME, ASSISTED LIVING TRAFFIC COUNT BELLS FERRY 29,000 HWY 92 32,000 POPULATION INCOME 1 MILE 7,015 $ 95,182 3 MILES 69,982 $ 115,940. 5 MILES 161,266 $ 111,351 APARTMENTS SINGLE FAMILY HOMES TO TO 4.08 acres 3.47 acres Commercial Experts, Inc. 2205 Riverstone Blvd. #253 Canton, Ga. 30114 678-493-8000 Tom Crumpton 404-423-8049 [email protected] www.commercialexpertsinc.com

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Page 1: MULTIFAMILY / ASSISTED LIVING ASSEMBLAGE€¦ · multifamily / assisted living assemblage subject property highlights 3.5 to 7.5 acres (multiple brokers) public county utilities walk

MULTIFAMILY / ASSISTED LIVING ASSEMBLAGE

SUBJECT

PROPERTY

HIGHLIGHTS

3.5 TO 7.5 ACRES (Multiple Brokers)

PUBLIC COUNTY UTILITIES

WALK TO RETAIL / GROCERY

ACCESS ROADS ON 4 SIDES

PERFECT FOR APARTMENTS,

NURSING HOME, ASSISTED LIVING

TRAFFIC COUNT

BELLS FERRY 29,000

HWY 92 32,000

POPULATION INCOME

1 MILE 7,015 $ 95,182

3 MILES 69,982 $ 115,940.

5 MILES 161,266 $ 111,351

APARTMENTS

SINGLE FAMILY

HOMES

TO

TO

4.08 acres

3.47 acres

Commercial Experts, Inc. 2205 Riverstone Blvd. #253

Canton, Ga. 30114

678-493-8000

Tom Crumpton 404-423-8049

[email protected]

www.commercialexpertsinc.com

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Table of Contents

Executive Summary _________________________ 3

Aerials of roadways _________________________ 4

Traffic Count Map ___________________________ 5

Market Overview Local Area __________________ 6

Money Magazine Article _____________________ 7

Local Newspaper Job Article __________________ 8

Employment Forecast _______________________ 9

Population Forecast ________________________ 10

Area Rankings for living, working, retiring ______ 11

Contact Info ______________________________ 12

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Executive Summary

The Property

An assemblage of properties allowing the sale of 3.5 to 7.5 acres.

Cooperating Brokers are Linda Stewart St. Clair of Remax Town and Country

and Commercial Experts, Inc.

Property Specifications

Property Type: Multifamily Land

Size 3.5 to 7,5 Acres; 2 owners, 2 Brokers

Zoning Currently r-40

Grade: Above average, level

Tenants: Residents in rental property

Price

3.47 Acres $700,000.00.

4.02 Acres

Growing market, highly desired area.

Located on Bells Ferry Road and part of County Growth Plan

The Offering:

Commercial Experts, Inc.

is pleased to offer for

sale an extraordinarily

rare opportunity for this

assemblage, some of

which has only changed

hands once in 47 years!

While other properties

developed around this

area, it is now a gateway

from the Commercial

Zone to the lake.

Property Highlights:

Access on 4 roads

High traffic counts

Grocery Anchored

center within walk-

ing distance.

Highly Visible

Growth in Master

Plan

Location Highlights:

Easy Access to

I-575 and I-75

Growing Area

Many National

chains within a

quarter mile.

One of the best

areas to work and

live, according to

Money Magazine

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Maps of Location of Property

Property Overview

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TRAFFIC COUNTS OF SURROUNDING AREA

Property Overview

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Far North Suburban

Fast Growing areas of

north suburban Cher-

okee, Forsythe, and

Barrow counties have

been ripe with the de-

velopment and plan-

ning of major pro-

jects.

Following the path of

residential develop-

ment, retail has ex-

panded into the Can-

ton Area and the I-

575

corridor; Cherokee

county has drawn

substantial developer

attention.

The Sembler Compa-

ny’s $120 million,

695,000 square foot

Canton Marketplace

power center com-

pleted construction in

April 2009. Super

Target, Kohl’s, Dick’s

Sporting Goods,

Lowe’s, and Best Buy

are the anchors.

Cherokee County / Local Information

With the rapidly increasing population now exceeding 200,000,

Cherokee County is averaging 10% business growth every year.

Interstate 575 forms the county’s economic and transportation

spine providing exceptional accessibility and connectivity to the

Atlanta and Southeast Markets.

Cherokee County, nestled at the southern end of the famous

Blue Ridge Mountains, as the highest mountains and most unde-

veloped land in metro Atlanta. The county prides itself on having

provided room for quality growth while protecting the area's

many natural resources, scenic vistas, and comfortable residen-

tial lifestyle. Cherokee County, Georgia is the new signature ad-

dress for many companies seeking a power base in the South-

east to position them for new global expansion.

Location

Cherokee County, Georgia is approximately 25 miles northwest

of downtown Atlanta, in the hub of the New South. Cherokee is a

key part of the five county north Atlanta Suburban economic en-

gine that LEADS THE NATION IN GROWTH. The county was rated

by the American Business Chronicle as one of the counties with

the greatest growth potential in America !! At the foothills of the

Blue Ridge Mountains and on the rise of the Piedmont, Cherokee

County offers pristine woodlands, beautiful lakes and convenient

access to metropolitan Atlanta and world markets. Served by ex-

cellent interstate roadways, the Georgia Northeaster Railroad,

and the Cherokee County airport, businesses have convenient

and efficient access to multiple transport modes.

Market Overview

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2009 Money Article ranking Cherokee County as one of the

top places in America to live!

Market Overview

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Market Overview

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Market Overview

According to the Atlanta Regional Commission Cherokee County will have

the highest employment increase in Georgia during the next 30 years.

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Market Overview

According to the Atlanta Regional Commission Cherokee County will

have a population increase of approximately 94%, nearly DOUBLE that

of the area as a whole!

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Market Overview

According to “The Experts” the Atlanta Area is still one of the best places

to live, work, and retire!!

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For more information, please contact:

Tom Crumpton

Commercial Experts, Inc.

2205 Riverstone Blvd. #253

Canton, Ga. 30114

Phone: 678-493-8000

Email: Tom @commercialexpertsinc.com

Contact Information

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Confidentiality Statement

Confidentiality Statement

This offering has been prepared solely for informational purposes. It is designed to assist a

potential investor in determining whether it wishes to proceed with an in-depth investigation of the

subject property. While the information contained herein is from sources deemed reliable, it has

not been independently verified by Commercial Experts, Inc.

The projections and pro forma budget contained herein represent best estimates on assumptions

considered reasonable under the circumstances. No representations or warranties, expressed or

implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is

subject to modification or withdrawal. The contents herein are confidential and are not to be

reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH

ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to

and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity

to inspect and investigate the Property and all improvements thereon, either independently or

through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice,

to reject all offers, and to accept any offer without regard to the relative price and terms of any

other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii)

incorporated in a formal written contract of purchase and sale to be prepared by the Seller and

executed by both parties; and (iii) approved by Seller and such other parties who may have an

interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of

the contract of purchase and sale, which contract shall supersede prior discussions and writings

and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property

and all other expenses, professional or otherwise, incurred by them.