Atlanta (Roswell), GA OFFERING SUMMARY
PROPERTY SUMMARY INVESTMENT HIGHLIGHTS Address Year Built 2005 1010 Mansell Rd Roswell, GA 30076 Exceptional Demographics Atlanta MSA Significant Daytime Population OCCUPANCY 89% GLA 14,884 SF As-IS NOI $264,000 Upside Potential Internet-Proof tenancy Strong property fundamentals
CONCENTRATED WEALTH at Mansell is located in the City of Roswell, one of the most established and affluent submarkets in the Atlanta MSA. Affluent Income Levels The average household income within a 5-mile radius is over $132,000, 57% higher than the Atlanta average of $85,630. Highly Educated Population 57% of the Population within a 5-mile radius of the Property has obtained a bachelor s degree or higher compared to the national average of 27%. The high education level ensures greater affluence and stability in the trade area. Excellent Buying Power Buying power within a 5-mile radius of the Property is over $9.6 billion, comparing favorably with some of the Southeast s wealthiest submarkets. 20001 MILE 3 MILE 5 MILE 2018 Population 9,035 73,805 181,395 2018 Average Household Income 2018 Bachelor s Degree or Higher $74,352 $114,430 $132,550 33% 50% 57% ALPHARETTA $205K $102K $201K $139K $235K $147K $140K $150K HOLCOMB BRIDGE RD. 54, VPD ALPHARETTA HWY. 38,500 VPD DOWNTOWN ATLANTA 20 MILES $91K $129K LEGEND AVERAGE HOUSEHOLD INCOME CENSUS TRACT BOUNDARY GA-400 HOLCOMB BRIDGE RD. ALPHARETTA HWY.
ONE OF ATLANTA S MOST ACTIVE SUBMARKETS at Mansell is located in one of the most dense submarkets in Atlanta with a significant amount of rooftops and daytime employees in the immediate trade area surrounding the Property. 3-MILE SUMMARY OVER 7 7,543 DAYTIME EMPLOYEES OVER 10,629 APARTMENT UNITS OVER 12.2M SF OF OFFICE OVER 11.5M SF OF RETAIL 138,000 VPD Proposed Single Family Development MANSELL OVERLOOK (BUILDINGS, 200, 300, 500) The Property is shadow-anchored by Mansell Overlook, a Class A Suburban Office Park containing +/- 650,000 SF. Proposed Class A Office Space: +/- 225,000 SF Notable Tenants include: Berkshire Hathaway, Yardi Systems, Crum & Forster, Humana, Kloeckner Metals, and Imerys. Mimosa Elementary School Students: ~1,000 10, 20, 30 Mansell Court RBA: 108,042 SF 70 Mansell Court RBA: 34,174 SF ALPHARETTA HWY 38,500 VPD 555 Mansell Apartments Units: 200 MANSELL RD 34, VPD Manchester at Mansell Apartments (Class A) Units: 468 GM Georgia IT Innovation Center Employees: ~1, 200 ELEMENT (COMING SOON) FUTURE HOTEL (COMING SOON) OLD ROSWELL RD 21,580 VPD 300 The SHOPS HFF SEPARATE OFFERING HFF is simultaneously marketing The Shops at Mansell 4 Mansell Overlook Proposed 500
STRONG PROPERTY FUNDAMENTALS DIVERSIFIED & INTERNET-PROOF TENANCY: The Property is designed to cater to the surrounding office buildings and has a variety of uses that cannot be replaced by the internet including a restaurant, financial services, barbershop / salon, and staffing. PROXIMITY TO GA-400: at Mansell benefits from direct access to GA-400 (138,000 VPD), one of the most heavily trafficked highways in Atlanta and is the gateway to Atlanta s most affluent suburbs and office submarkets (North Fulton, Central Perimeter, Buckhead, Midtown and Downtown). SUPERIOR ACCESS: The Property benefits from 2 points of ingress / egress, including a signalized access point at the intersection of Mansell Rd and Colonial Center Pkwy. UPSIDE POTENTIAL: The Property is currently 89% occupied and gives Investors the immediate opportunity to increase NOI by $37,375 via leasing up 1,625 SF of vacant space. EXCELLENT VISIBILITY: The Property has excellent visibility along Mansell Rd. with over 32,000 vehicles passing by the Property each day. LEASING MOMENTUM: Ownership has leased more than 3,800 SF (26% of GLA) over the last 12 months. LIMITED DEFERRED MAINTENANCE: The Property has been institutionally maintained limiting the near term capital requirements for the next Owner. TENANT ROSTER Suite Tenant SF LGE Community Credit Union 3,520 120 Velvet Lash 1,242 130 American Barbershop 1,293 140 Axiom Staffing 1,300 160 Iberia Bank 2,604 170 To Be Leased 1,625 180 Big Pie in the Sky 3,300 120 130 140 160 170 180 COLONIAL CENTER PKWY TOTAL 14,884 To Be Leased Current Tenant MANSELL RD. - 32,000 VPD 300 400 500 600 650 700 INVESTMENT ADVISORS JIM HAMILTON BRAD BUCHANAN Sr. Managing Director Director 404.942.2212 404.942.3192 jhamilton@hfflp.com bbuchanan@hfflp.com MIKE ALLISON Director 404.942.3195 mallison@hfflp.com ANDREW KAHN Analyst 404.942.2220 akahn@hfflp.com TAYLOR CALLAWAY Analyst 404.942.3193 tcallaway@hfflp.com DEBT CONTACT GREGG SHAPIRO Managing Director 404.942.2208 gshapiro@hfflp.com WARE SHIPMAN Associate 404.942.2219 wshipman@hfflp.com Holliday Fenoglio Fowler, L.P. ( HFF ) a Georgia licensed real estate broker. Copyright 2018 HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 26 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com.