S HORT S ALE: B RING A LL O FFERS Cedar Creek Professional Center New Upscale Office & Warehouse Development on a 12.7+/ Acre Site 6095 Pine Mountain Rd Kennesaw, GA 30144 B ULL R EALTY, I NC. Jon Cunha 404.876.1640, X 116 Jon@BullRealty.com 14 Piedmont Center, Suite 1100 3535 Piedmont Road Atlanta, GA 30305 www.bullrealty.com
Contents 6095 PINE MOUNTAIN RD KENNESAW, GA 30152 Description Page # Contents 2 Executive Summary 3 Property Overview 4 Property Photos 5 6 Site Plan Building 100 7 Inventory List 8 Approved Plan Overview 9 Land & Site Plan 10 Aerial Images 11 Location Map & Directions 12 Sold Comparables 13 Demographic Site Map 14 Demographic 15 16 Agent Profile 17 Any included income, expenses, cap rates, costs, return estimates, renovations, measurements, square footage, acreage, projections, interest rates, loan terms, property condition, possible uses, zoning and other information herein may have been provided by the seller, landlord or other outside sources and while deemed to be reliable, may be estimated, projected, is subject to change, and/or may be limited in scope, and therefore shall not be relied upon as accurate. Any such information important to the purchaser, lessee or other parties should be independently confirmed within an applicable due diligence period. Please do not disturb the management, business, tenants or sellers. This offer is subject to price adjustment or prior sale without notice. This information is provided by the owner and is deemed reliable, but is not warranted 2
Executive Summary 6095 PINE MOUNTAIN RD KENNESAW, GA 30152 Take advantage of this opportunity to purchase and complete this upscale office and office warehouse development on an approximately 12.7 acre site. The first phase, building 100, has been built and is mostly unfinished space allowing the future business to combine spaces for their individual business needs. There is one suite that has been finished with approximately 1,200 sq ft of office consisting of hardwood floors, crown molding and granite counter tops. Two other units have been sold and are currently operational. The development has extremely flexible City of Kennesaw HGB zoning, Highway General Business. The area for building 200 is pad ready and complete with all utilities including water and sewer. The area for building 300 needs some grading, but all utilities are in place including the detention pond. The prime location is in the heart of the City of Kennesaw at Highway 41 / Cobb Parkway and Pine Mountain Road. There are 22,677 households within a three mile radius with an average household income of $108,370 for 2008. The City of Kennesaw was selected by Family Circle magazine as one of the nation s 10 best towns for families August 2007 edition. Site renderings are for illustration purposes only. Exact measurements should be independently confirmed within applicable due diligence period. 3
Property Overview Building 100 Price: $4,500,000.00 Property Type: Upscale office, office warehouse development Number of Existing Buildings: Number of Planned Buildings: Approximate Total Development Size: Number of Possible Suites: Number of Stories: Construction: Building 100: Building 200: Building 300: Electrical: Water: Sewer: Parking: Warehouse Ceiling Height: Year Built: County: Zoning: Ownership: Association: Common Area Maintenance Fee: Initiation Fee: One Three (including existing building) 103,060 sq ft (per current site plan) 40 ( per current site plan) Two Steel frame on four sides brick with stone and stucco accents Complete Pad ready Utilities in place 3 phase 240 Amp panel for each unit Cobb County Cobb County 356 (per current site plan) 26 feet 2007 to present Cobb City of Kennesaw HGB (Hwy General Business) Fee Simple, easy ownership Professional landscaping & all maintenance overseen by association $0.75 per sq. ft. per year $0.50 per sq. ft. 4
Photos of Building 100 Front View Front View of Building from Entrance Front View Front View Rear Drive in Doors Signage 5
Additional Photos Suite 108 Exterior Warehouse with Mezzanine Available Suites Inside Finished Suite 108 Future location of Building 200 & 300 Future location of Building 200 & 300 6
7 Site Plan Building 100
Inventory List Suite 8
Approved Plan Overview Plans are for illustration purposes only. Exact measurements should be independently confirmed within applicable due diligence period. 9
Land & Site Plan Plans are for illustration purposes only. Exact measurements should be independently confirmed within applicable due diligence period. 10
Aerial Images Subject Subject 11
Location Maps & Directions SITE Driving Directions From I 75: Exit Barrett Parkway and travel west towards Hwy 41. Turn Right (North on Hwy 41 and travel approximately 3 miles to the intersection of Pine Mtn. Road. Cedar Creek Professional Center is located behind the Bank of America. Driving Directions From Marietta: Travel North on Hwy 41 to Kennesaw. Cedar Creek is located on Pine Mtn. Road behind the Bank of America. SITE 12
Sold Comparables Subject Property Location: 6095 Pine Mountain Rd., Kennesaw, GA 30152 Year Built: 2007 Square Feet: 2,544 16,400 Price per SF: $99.00 Sold Comparables Location: 1609 Roberts Blvd, Kennesaw, GA 30144 Sale Date: 03/01/2007 Square Feet: 3,829 Sale Price: $715,000 Price per SF: $186.73 Location: 1300 Ridenour Blvd., Kennesaw, GA 30152 Sale Date: 03/02/2007 Square Feet: 3,349 Sale Price: $590,730 Price per SF: $176.39 Location: 2255 Sewell Mill Rd, Bldg 200, Marietta, GA 30062 Sale Date: 05/20/2008 Square Feet: 1,932 Sale Price: $325,000 Price per SF: $168.22 Location: 1803 Williams Dr., Marietta, GA 30066 Sale Date: 01/22/2008 Square Feet: 12,000 Sale Price: $2,000,000 Price per SF: $166.67 13
14 Demographic Site Map
15 Demographics
16 Demographics
Agent Profile Jon Cunha Bull Realty, Inc. 14 Piedmont Center, Suite 1100 3535 Piedmont Road Atlanta, GA 30305 Phone: 404.876.1640 ext. 116 Email: Jon@BullRealty.com Profile Jon grew up in the Boston area and graduated from Stonehill College with a B.A. in healthcare administration. He moved to Georgia in 1995 and now lives in Tucker with his wife and daughter. Before joining Bull Realty, Jon worked in finance, marketing and sales management. He is now Vice President of the Industrial Division and works with buyers, sellers, landlords, tenants and investors. Jon seeks to help clients build value in their real estate. Jon is a Certified Commercial Investment Member (CCIM) candidate, a member of the Atlanta Commercial Board of Realtors and NAR (National Association of Realtors). He enjoys skiing, golfing, and spending time with his family. Experience Jon specializes in industrial real estate in and around the city of Atlanta. He knows the market and can help you buy, sell or lease industrial properties. 17