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KW COMMERCIAL5780 Windward Parkway, Suite 100Alpharetta, GA 30005 BRUNO TAILLEFER
Managing Partner, Commercial Real Estate & Business Broker0: 770.663.5222C: [email protected]
JESSICA AREVALOCommercial Real Estate And Business BrokerO: 770.663.5222C: [email protected]
Magnolia Plaza
OFFERING MEMORANDUM
PRESENTED BY:
5245 BUFORD HWY, NORCROSS, GA 30071
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 2
KW COMMERCIAL
5780 Windward Parkway, Suite 100
Alpharetta, GA 30005
Confidentiality & Disclaimer
BRUNO TAILLEFERManaging Partner, Commercial Real Estate & Business Broker0: 770.663.5222C: [email protected]
JESSICA AREVALOCommercial Real Estate And Business BrokerO: 770.663.5222C: [email protected]
All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.
Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Atlanta - North Fulton in compliance with all applicable fair housing and equal opportunity laws.
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
OFFERING MEMORANDUM
PRESENTED BY:
NORCROSS, GA
Each Office Independently Owned and Operated kwcommercial.com 3
OFFERING SUMMARY
SALE PRICE: $1,650,000
CAP RATE: 8.74%
NOI: $144,317
LOT SIZE: 1 Acres
YEAR BUILT: 2007
BUILDING SIZE: 9,243 SF
ZONING: C-2
MARKET: Atlanta
SUBMARKET:Norcross/Peachtree
Retail
PRICE / SF: $178.51
PROPERTY OVERVIEWOpportunity to own investment property in busy area of Norcross. Strip centerincludes medical, retail and potential restaurant tenants. Stable tenants in wellmaintained building on busy street.
PROPERTY HIGHLIGHTS• * Built in 2007
• * Stable Tenants
• * End Cap unit with Grease Trap Available
• * Ample Parking
• * High Traffic Intersection
Executive Summary
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Additional Photos
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Magnolia Plaza
Regional Map
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Each Office Independently Owned and Operated kwcommercial.com 6
Magnolia Plaza
Aerial Map
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TENANT
NAME
UNIT
NUMBER
UNIT
SIZE (SF)
ANNUAL
RENT
% OF
GLA
Sy Med LLC 3,400 $60,000 36.78
In Quest Med. 2,800 $56,400 30.29
Rose Massage 2,100 $28,200 22.72
Vacant 1,400 $24,000 15.15
Totals/Averages 9,700 $168,600
INCOME SUMMARY
Gross Income -
EXPENSE SUMMARY
Property Insurance $4,510Property Tax $12,500Water $1,597Electricity $1,337Property Management and Other $4,338
Gross Expenses $24,283
Net Operating Income $144,317
Income & Expenses
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TENANT
NAME
UNIT
NUMBER
UNIT
SIZE (SF)
ANNUAL
RENT
% OF
GLA
Sy Med LLC 3,400 $60,000 36.78
In Quest Med. 2,800 $56,400 30.29
Rose Massage 2,100 $28,200 22.72
Vacant 1,400 $24,000 15.15
Totals/Averages 9,700 $168,600
Rent Roll
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POPULATION 1 MILE 3 MILES 5 MILES
Total population 6,496 65,984 223,186
Median age 34.7 33.3 32.2
Median age (male) 32.2 31.8 31.2
Median age (Female) 37.6 35.0 33.2
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 2,347 23,395 79,653
# of persons per HH 2.8 2.8 2.8
Average HH income $82,528 $74,677 $70,082
Average house value $293,619 $230,310 $252,285
* Demographic data derived from 2010 US Census
Demographics Map
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