Hannover Park in Sandy Springs Office for Sale on +/- 4.8 acres P of 14
Table of Contents For more information, please contact: Daniel Latshaw, CCIM, MBA Partner (404) 876-1640 x 127 DLatshaw@BullRealty.com Bull Realty, Inc. 50 Glenlake Parkway Suite 600 Atlanta, GA 30328 www.bullrealty.com Property Overview Photos Floor Plans Survey Parcel Map Property Photos Area Amenities Sandy Springs Zoning Ordinance Demographics Sale Comparables Broker Profile 3 4 5 7 8 9 10 11 12 13 14 P 2 of 14
Property Overview Hannover Park in Sandy Springs Office for Sale on +/- 4.8 acres Bull Realty is pleased to present +/- 4.8 acres available for sale in the Central Perimeter market. The property is conveniently located at the intersection of Hannover Park Road and Roswell Road in Sandy Springs. The subject property contains two office buildings totaling +/- 59,000 sq ft. These two buildings can be seen in the photos and on the survey contained in this Offering Memorandum. The property can be delivered free of tenants for an owner/user, or a new investor can keep the few existing tenants and lease the balance in an improving rental market. Hannover Park has visibility along Roswell Road just south of the Chattahoochee river, surrounded by residential homes, restaurants and shopping. GA 400 is just minutes away by use of Northridge Road, providing easy access to all major thoroughfares. Adjacent to the property on the corner of Hannover Park Road and Roswell Road is a 0.92 acre parcel of land that is separately owned. This land is vacant, has the same OI Zoning as the subject property and is also for sale. With the combination of this site and the subject property, the total acreage would equal just below six acres. With the future development projects of Mercedes-Benz USA and State Farm planned for Sandy Springs, this market is one of the hottest in Atlanta, and will continue to grow. Whether you are an owner/user or investor in this office property offered at only $63.56 per square foot. Call today to take advantage of this fantastic opportunity! Property Address County Total Office Space Lot Size Tax ID Zoning 200 Hannover Park Road Atlanta, GA 30350 Fulton +/ 59,000 sq ft +/ 4.8 acres 06-0368-LL-071 OI - Office Institutional Year Built 1980 Parking Ratio Sale Price 4.0/1,000 sq ft $3,750,000 ($63.56/sq ft) P 3 of 14
Photos P 4 of 14
Typical Floor Plan (1 of 2) P 5 of 14
Typical Floor Plan (2 of 2) P 6 of 14
Survey P 7 of 14
Parcel Map 06-0368-LL-150 06-0368-LL-071 P 8 of 14 Representative Information contained Photo herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
Property Photos P 9 of 14 Representative Information contained Photo herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
Area Amenities 1 2 3 4 5 6 7 8 9 10 11 13 12 15 14 1 North River Tavern 2 Pawn Express 3 Stars and Strikes 4 Family Dollar 5 BP 6 Bank of America 7 Aladdin s Mediterranean Grill & Deli 8 Circle Sushi 9 McDonald s 10 Starbucks 11 SunTrust Bank 12 Publix 13 Smoothie King 14 Lotus 15 Wells Fargo NOT PICTURED Tony s Sports Bar & Grill Sandy Springs Diner GA Department of Driver Services Christian Brothers Automotive Chick-fil-A Subway Three Dollar Café Moderna Atlanta Rusty Nail Pub Dunkin Donuts P 10 of 14 Representative Information contained Photo herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
Sandy Springs Zoning Ordinance 8.1.2. USE REGULATIONS. Within the O-I district, land and structures shall be used in accordance with standards herein. Any use not specifically designated as a permitted use in this section or as a use allowed by administrative permit or use permit shall be prohibited. A. Permitted Uses. A building or land may be used for the following purposes: 1. Single family dwelling unit 2. Two (2) family dwelling units 3. Townhouse dwelling units 4. Rooming house and boarding house 5. Art gallery 6. Assembly hall 7. Church, temple or other place of worship 8. Clinics 9. Community center building 10. Nursing home/hospice 11. Dancing school 12. Day care facility 13. Financial establishment/institution 14. Funeral home 15. Group residence/shelter 16. Gymnasium 17. Health club/spa 18. Hospital 19. Hotel/motel 20. Institution of higher learning, business college, music conservatory, and similar institutions 21. Library 22. Museum 23. Office 24. Parking garage/deck 25. Parking lot 26. Personal care home/assisted living 27. Recording studio 28. Research laboratory 29. Stadium 8.1.3. DEVELOPMENT STANDARDS. A. Height Regulations: A building shall be no higher than sixty (60) feet or four (4) stories, whichever is higher, except when a use permit to exceed the maximum height is approved B. Minimum Front Yard: Forty (40) feet C. Minimum Side Yard: Twenty (20) feet adjacent to interior lot line Forty (40) feet adjacent to street D. Minimum Rear Yard: Twenty-five (25) feet E. Minimum Lot Area Per Dwelling: Single family dwelling unit Eighteen thousand (18,000) square feet Two (2) family dwelling units Eighteen thousand (18,000) square feet F. Minimum Lot Width: One hundred (100) feet for residential use only G. Minimum Lot Frontage: One hundred (100) feet adjoining a street Thirty-five (35) feet adjoining a street for residential use H. Minimum Heated Floor Area: Single family dwelling unit - One thousand one hundred (1,100) square feet Two (2) family dwelling units Eight hundred (800) square feet I. Minimum Accessory Structure Requirements: Single family and two (2) family uses Accessory structures may be located in the rear or side yards only but shall not be located within a minimum yard. Multifamily use Accessory structures shall not be located in the minimum front yard. J. Maximum Lot Coverage: The area of the footprint of all buildings and parking shall not exceed seventy percent (70%) of the total land area. City of Sandy Springs Office Institutional District Zoning Ordinance P 11 of 14
Demographics & Traffic Count 2015 Demographics (esri) 1 mile 3 mile 5 mile Population 12,163 77,810 202,654 Households 5,831 32,821 83,685 Avg. Household Inc. $67,886 $92,265 $112,588 Median Home Value $218,284 $394,140 $448,487 Age25-34 20.6% 16.4% 13.5% Age 35-44 16.8% 15.8% 14.7% Age 45-54 11.1% 13.2% 14.2% Age 55-64 8.7% 11.0% 12.6% Age 65-74 5.3% 7.2% 8.3% Male Population 47% 49% 49% Female Population 53% 51% 51% Trends 2015 to 2020-3 Mile Radius 2015 Population by Race - 3 Mile Radius Source: U.S. Census Bureau. Esri forecasts for 2015 and 2020 Traffic Count Vehicles Per Day (source: Esri) Street Cross -Street Count Hannover Park Road Roswell Road 32,160 Source: U.S. Census Bureau. Esri forecasts for 2015 and 2020 P 12 of 14
Sale Comparables Address: 6535 NE Roswell Road Atlanta, GA Sale Date: 5/30/2014 Land Area: 4.21 acres Sale Price: $2,300,000 Price per Acre: $546,318 per acre Proposed Use: Redevelopment Zoning: C1 1 2 Address: Old Roswell Road Roswell, GA 30076 Sale Date: 3/27/2015 Land Area: 1.89 acres Sale Price: $1,015,000 Price per Acre: $537,037 per acre Proposed Use: Hold for Development Zoning: I1 2 Address: 5750 Roswell Road NE Atlanta, GA 30342 Sale Date: 3/10/2014 Land Area: 2.37 acres Sale Price: $2,000,000 Price per Acre: $842,460 per acre Proposed Use: Sandy Springs Ice Arena Zoning: C2 3 1 3 4 Address: Glenlake Pky NE Atlanta, GA 30328 Sale Date: 4/22/2015 Land Area: 6.50 acres Sale Price: $4,260,000 Price per Acre: $655,284 per acre Proposed Use: Senior Care Facility Zoning: OI 4 P 13 of 14
Broker Profile DANIEL LATSHAW Since purchasing his first investment property in 1995, Daniel has had a passion for Atlanta real estate. During an MBA program at the Goizueta Business School at Emory University, he decided to make a career out of what started as a hobby. At Emory he was the founder and the first President of the Goizueta Real Estate Group. Upon graduating Daniel managed acquisitions for the UK's top institutional real estate investment house, ING Barings in London. Upon arrival back in Atlanta, Daniel joined Bull Realty due to the firm's innovative marketing and reputation. Daniel has since earned Partner status and a CCIM designation while being a top producer for the past 11 years at Bull Realty. He has exceeded client's expectations in hundreds of intown Atlanta projects. In his spare time Daniel enjoys time with his wife and four daughters. He is actively involved in church leadership, and is an avid surfer & wakeboarder. Daniel Latshaw, CCIM, MBA Partner (404) 876-1640 x 127 DLatshaw@BullRealty.com Bull Realty is a U.S. commercial real estate sales, leasing and advisory firm headquartered in Atlanta. The firm was founded in 1998 with two primary missions: grow a company of brokers known for integrity, and provide the best disposition marketing in the nation. Commercial real estate services include acquisition, disposition, project leasing, tenant representation and advisory services. Areas of expertise include office, retail, industrial, multifamily, land, healthcare, single tenant net lease, special asset, selfstorage and automotive properties. Disposition services for appropriate properties can include exposure on up to 415 websites, 17 marketing systems and 4 to 6 e-marketing systems. Additional disposition and lease marketing services may include video, social media, auctions and national radio exposure. The firm hosts the Commercial Real Estate Show, a nationally syndicated talk show about commercial real estate. The weekly show has been on the air for over 4 years. The show is nationally syndicated on 40+ radio stations and is available on itunes and the show website CREshow.com. Bull Realty is licensed in nine southeast states and works with affiliates from all over the country. P 14 of 14