75.90 Acres Viryln B. Smith Road
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1 EXCLUSIVE OFFERING Acres Viryln B. Smith Road FAIRBURN FULTON COUNTY GEORGIA
2 Disclosure / Confidentiality Statement The material contained in this Offering Memorandum is confidential, furnished solely for the purpose of considering the acquisition of 7590 acres in Fulton County, Georgia ( Property ), and is not to be used for any other purpose or made available to any other person without the express written consent of Ackerman & Co9 and Pioneer Land Group ( Broker ) and the Owner ( Owner ). This Offering Memorandum was prepared by Broker, and the information contained herein has been obtained from sources that Broker deems to be reliable, and Broker has no reason to doubt its accuracy9 However, neither Owner, its affiliates, officers, directors or employees, nor the Broker, nor any other party, make any warranty or representation, expressed or implied, as to the accuracy or completeness of the information contained herein, including but not limited to financial information and projections, and any engineering and environmental information9 Prospective purchasers should make their own investigations, projections, and conclusions9 It is expected that prospective purchasers will conduct their own independent due diligence concerning the Property, including such engineering inspections as they deem necessary to determine the condition of the Property9 Ackerman & Co9 and Pioneer Land Group represents the Owner in this transaction and makes no representations, expressed or implied, as to the foregoing matters9 This Offering Memorandum is exclusively presented by the Broker9 For additional information or to schedule a property tour, please contact: John T. Speros Senior Vice President Direct: (770) Fax: (770) Cell: (404) jsperos@ackermanco.net Kyle Gable Office: (770) Fax: (770) Cell: (404) kgable@pioneerlandga.com
3 TABLE OF CONTENTS 1) Executive Summary 2) Property Description 3) Market Overview Acres Virlyn B. Smith Rd
4 EXECUTIVE SUMMARY Ackerman & Co. and Pioneer Land Group is pleased to present acres in Fulton County, Georgia ( The Property ). The Property has the following attributes. The property offers the following attributes: Excellent location with convenient access to Interstate 285, Interstate 85, and Downtown Atlanta. Located less than twelve miles from Hartsfield-Jackson International Airport, the world s busiest airport that employs more than 55,000 people. Easy access to industrial job base and other commercial amenities along Hwy 74 and I-85. In 2015, the South Fulton Housing Market (South of I-20) had sales of 743 newly constructed single family detached houses, representing a 29% increase from The average was $224,000. Potential to rezone the property to a higher density. Level property with limited streams that affect future development. Over 1,600 feet of paved road frontage.
5 PROPERTY DESCRIPTION The 75.9 acres is located approximately 1.5 mile north of the Hwy 74 and I-85 interchange on the east-side of Virlyn B. Smith. Approximate address is 6501 Virlyn B. Smith Rd Fairburn, GA 30213
6 Mid Altitude Aerial
7 Survey
8 Zoning: R2 City of Fairburn School System: Evoline C. West Elementary Bear Creek Middle Creekside High Utilities: Land is served by public water and sewer systems. Subject to independent verification Taxes: $3,283 Price: $1,687,500 ($22,500 per lot)
9 MARKET OVERVIEW From , the height of the housing market, S Fulton captured between 9-10% of all SFD new house in Metro Atlanta. Only Gwinnett County captured more total percentage of closing during this time. For 2015, S Fulton was captured the 5th highest amount of sales in Metro Atlanta behind Gwinnett, Forsyth, Cherokee, and Cobb. The housing sales increase 28% from 2014 to Below is the resale market data for houses built since 2005 and new sales. Below is the resale market data for houses built since 2005 and new sales (in S Fulton outside of 285). YEAR AGE TYPE NUMBER OF SALES AVERAGE SALES PRICE Resale 1 6 $143, Resale 7 0 $177, Resale 703 $101, Below is the new construction housing data (detached homes) for S Fulton County. YEAR TYPE NUMBER OF SALES AVERAGE SALES PRICE 2 13 New 472 $220, 2 14 New 574 $231, 2 15 New 743 $223,
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