1 THE PLAZA AT WEST END Presented by: 832-852 Ralph David Abernathy Blvd 640 Evans St, 841 York Ave Atlanta, GA 30310 HISTORIC PLAZA Seryus Property Group is pleased to present THE PLAZA WEST END at Historic West End Atlanta, GA. This rare opportunity to own almost an entire city block of storefront retail, office space and an historic theater will not last long. The property has over 35,000 SF of rentable space, off-street parking and almost 200 feet of frontage at one of Intown Atlanta s busiest intersections. Named 2015 Curbed Cup Champion and the hottest neighborhood in Atlanta of 2016 by Redfin, the burgeoning, yet historic community of West End is quickly becoming one of Atlanta' s most talked-about neighborhoods for young professionals and families. Whether a pedestrian and bike-friendly commute along the Atlanta BeltLine or a neighborhood convenient to major thoroughfares, West End has it all. FOR MORE INFORMATION CONTACT: H. SCOTT YOUNG hscott@seryus.com 404-507-2597 Property characteristics 36,000 rentable SF of Historic Storefront Retail with Theater 1 Block from MARTA Rail Station 3 Blocks from I20 Eligible for both New Market and Historic Tax Credits Less than 1 Mile from Atlanta Beltline Average Daily Traffic count 15,600, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
2 THE PLAZA AT WEST END Portfolio Overview The information listed above has been obtained reliable, however, we PORTFOLIO SUMMARY SALE PRICE: $3,900,000 LOT SIZE: 1.0566 Acres BUILDING SIZE: 35,558 SF CEILING HEIGHT: 12-22 FT YEAR BUILT: 1920, 1950 ZONING: SP-21 SA3, SA4 TRAFFIC: 16,073 MPSI FRONTAGE: Ralph David Abernathy, Evans St, York Ave 841 YORK 640 EVANS 832-836 840-842 844 852, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
1. 832-836 Ralph David Abernathy Property Overview The information listed above has been obtained reliable, however, we PROPERTY SUMMARY LOT SIZE: 0.2227 Acres BUILDING SIZE: 6,041 SF CEILING HEIGHT: 16.0 FT YEAR BUILT: 1920 ZONING: SP-21 SA3 Tenants Kim s Fashion West End Food Mart 832-836, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
2. 840-842 Ralph David Abernathy Property Overview The information listed above has been obtained reliable, however, we PROPERTY SUMMARY LOT SIZE: 0.1921 Acres BUILDING SIZE: 9,941 SF CEILING HEIGHT: 22 FT YEAR BUILT: 1920 ZONING: SP-21 SA3 Tenants Star Theater JD s Southern Comfort Boost Mobile 840-842, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
3. 844 Ralph David Abernathy Property Overview The information listed above has been obtained reliable, however, we PROPERTY SUMMARY LOT SIZE: 0.3698 Acres BUILDING SIZE: 11,736 SF CEILING HEIGHT: 22 FT YEAR BUILT: 1920 ZONING: SP-21 SA3 Tenants Phone Pharaoh Stones of Beauty 844, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
4. 852 Ralph David Abernathy Property Overview The information listed above has been obtained reliable, however, we PROPERTY SUMMARY LOT SIZE: 0.3698 Acres BUILDING SIZE: 4,228 SF CEILING HEIGHT: 12 FT YEAR BUILT: 1920, 1950 ZONING: SP-21 SA3 Tenants Liberty Tax Services Forage & Fluer Eskinde Accounting 852, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
5. 640 Evans St. Property Overview The information listed above has been obtained reliable, however, we PROPERTY SUMMARY LOT SIZE: 0.1171 Acres BUILDING SIZE: 3,612 SF CEILING HEIGHT: 14 FT YEAR BUILT: 1957 ZONING: SP-21 SA4 Tenants 640 West Cafe 640 EVANS, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
6. 841 York Ave (Lot) Property Overview The information listed above has been obtained reliable, however, we PROPERTY SUMMARY LOT SIZE: 0.1549 Acres BUILDING SIZE: CEILING HEIGHT: YEAR BUILT: ZONING: SP-21 SA4 841 YORK, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
Agent Info H. Scott Young s Real Estate experience began in 1998 where he served as Resident Property Manager for a family-owned apartment building while attending Georgetown University. After graduating with a B.S. in Foreign Service, Scott worked as a research analyst at CoStar Group, the nation s largest Commercial Real Estate information company. Performing multiple redevelopment projects since 2008, both as a consultant and an investor, Scott s projects have averaged a 600% cash-on-cash return for properties sold and a 12.5% net cap rate for properties held. Scott s aggressive frontiersman approach allows clients to penetrate markets that have been ignored or avoided in order to achieve maximum value. THE TURNAROUND PEOPLE At SERYUS we embark on the painstaking process of converting non-performing assets into thriving ones through our intimate knowledge of local commercial and multi-family markets. Thoughtful acquisition, renovation, leasing and management allows us to meet the market at the sweet spot between its current state and its future position, helping investors realize substantial asset appreciation while minimizing risk. H. SCOTT YOUNG Commercial Sales and Leasing Seryus Property Group LLC hscott@seryus.com 404-507-2597, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
PRO-FORMA Y1 Y2 Y3 Y4 Y5 Sale Price $3,900,000 $3,900,000 $3,900,000 $3,900,000 $3,900,000 TOTAL ASSET COST $3,900,000 $3,900,000 $3,900,000 $3,900,000 $3,900,000 REVENUES Gross Rent (+10% Y4) $415,000 $415,000 $415,000 $456,500 $456,500 Other Income (events, parking, etc.) $15,000 $15,000 $15,000 $15,000 $15,000 GROSS INCOME $430,000 $430,000 $430,000 $471,500 $471,500 Vacancy (8%) $34,400 $34,400 $34,400 $37,720 $37,720 EFFECTIVE GROSS RENT (EGR) OPERATING EXPENSES $395,600 $395,600 $395,600 $433,780 $433,780 $100,000 $100,425 $101,771 $105,260 $106,744 Taxes $52,000 $52,000 $52,000 $52,000 $52,000 Management (5%) $21,500 $21,500 $21,500 $23,575 $23,575 Insurance $18,000 $18,000 $18,900 $19,845 $20,837 Utilities $8,500 $8,925 $9,371 $9,840 $10,332 Sanitation $7,500 $7,500 $7,500 $7,500 $7,500 NET OPERATING INCOME DEBT SERVICE (Interest Only 5.5%) $288,100 $287,675 $286,329 $321,020 $319,536 $171,600 $171,600 $171,600 $171,600 $171,600 Loan 1 (@80 LTV) $3,120,000 $3,120,000 $3,120,000 $3,120,000 $3,120,000 CASH FLOW $116,500 $116,075 $114,729 $149,420 $147,936 ORIGINAL EQUITY INVESTMENT $780,000 $780,000 $780,000 $780,000 $780,000 CASH-ON-CASH ROI 14.94% 14.88% 14.71% 19.16% 18.97% CAP RATE 7.39% 7.38% 7.34% 8.23% 8.19% DEBT COVERAGE RATIO 1.68 1.68 1.67 1.87 1.86, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236
WESTSIDE ATLANTA: MAJOR AREA INVESTMENT ATLANTA BELTLINE URBAN REVITALIZATION MERCEDES BENZ STADIUM HISTORIC SIGNIFICANCE MURPHY CROSSING PARK FLOURISHING RESTAURANTS MOREHOUSE SCHOOL OF POPULATION GROWTH MEDICINE ACCESS TO PUBLIC TRANSIT TOURIST DESTINATIONS HISTORIC PLAZA MONDAY NIGHT BREWING SITE H. SCOTT YOUNG Commercial Sales and Leasing Seryus Property Group LLC hscott@seryus.com 404-507-2597, LLC 239 Walker St Unit B Atlanta, GA 30313 o: 404-507-2597 f: 404-393-8236