offering memorandum - Ackerman & Co. in Atlanta, GA · 2018. 6. 22. · Marietta (East Cobb), GA 30067 Ackerman & Co’s Investment Sales team is pleased to exclusively present for

offering memorandum

Senior Living Facility200 Village Parkway

marietta (east Cobb), ga 30067

Table of Contents

01 EXECUTIVE SUMMARY Investment Summary

Location and Demographics

Property Aerials

Property Overview

Site Plan

COnTACT

SEAn W. PATRICK, CCIM Vice President, Investment Sales 770.913.3946 [email protected]

ACKERMAn & CO. 10 Glenlake Parkway South Tower, Suite 1000 770.913.3900 | ackermanco.com

02 MARKET OVERVIEW Marietta, Georgia Detailed Demographics nearby Properties

This Offering Memorandum and any subsequent evaluation material you may be

provided (collectively known as the “Offering Memorandum”) is intended solely

for your limited use in considering whether to pursue negotiations to acquire

Senior Living Facility (the “Property”) located in Marietta (East Cobb) Georgia.

The Property is being marketed for sale by Ackerman & Co. (“Broker”).

The Offering Memorandum contains brief, selected information pertaining to

the business and affairs of the Property and has been prepared by Broker. It

does not, however, purport to be all-inclusive or to contain all of the information

that a prospective purchaser may desire. Broker makes no representation or

warranty, express or implied, as to the accuracy or completeness of the Offering

Memorandum or any of its contents, and no legal liability is assumed to be

implied with respect thereto.

By acknowledgment of your receipt of the Offering Memorandum you agree that

the Offering Memorandum and its contents are confidential, that you will hold

and treat it in the strictest of confidence, that you will not directly or indirectly

disclose, or permit anyone else to disclose, the Offering Memorandum or its

contents to any other person, firm, or entity (including, without limitation, any

principal for whom you have been engaged), without prior written authorization

of Owner or Broker and that you will not use or permit to be used the Offering

Memorandum or its contents to be copied or used in any fashion or manner

detrimental to the interest of Owner. Photocopy or other duplication is strictly

prohibited.

THE OFFERING MEMORANDUM SHALL NOT BE DEEMED TO REPRESENT THAT

STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT

THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY

SINCE THE DATE OF PREPARATION OF THE OFFERING MEMORANDUM.

The information provided in the Offering Memorandum has been gathered from

sources that are deemed reliable, but the Broker does not warrant or represent

that the information is true or correct. Prospective offerors are advised to verify

information independently. The Offering Memorandum is not to be construed as

an offer or as any part of a contract to sell the property.

Furthermore, the inclusion or exclusion in the Offering Memorandum of

information relating to asbestos or any other hazardous, toxic or dangerous

chemical item, waste or substance (hereinafter collectively referred to as “Waste”)

relating to the Property shall in no way be construed as creating any warranties

or representations, expressed or implied by the Broker as to the existence or

nonexistence or nature of Waste in, under or on the Property, it may create

significant legal and/or economic obligations upon the Owner, lessee and/or

other holders of interest in the Property or a part thereof and you are hereby

advised to obtain professional assistance such as from a consultant, engineer

and/or attorney prior to taking an interest in the Property or a part thereof.

INFORMATION NOT WARRANTED

eXeCuTiVe SummarY investment Summary

Location and demographics

Property aerials

Property overview

Site Plan

01

Senior Living Facility

501 Executive Summary Senior Living Facility

200 Village Parkway Marietta (East Cobb), GA 30067

Ackerman & Co’s Investment Sales team is pleased to exclusively present for sale a 22-bed Senior Living Facility in the East Cobb County submarket, an affluent community and demographic in Atlanta.

The 22-bed facility, at the intersection of Paper Mill Road and Village Parkway, is ready for immediate occupancy. Situated in the Paper Mill Village development, Senior Living Facility is just down the street from Atria Johnson Ferry Assisted Living and only a short distance from GA 400, I-285 and I-75.

Originally built in 1991, it has been most recently operated as Senior Living Facility but other uses could include Skilled Nursing or Memory Care facility. The property has great demographics with more than 58,982 people and average household income of more than $121,271 in 3 miles.

InVESTMEnT PROfILE

Square footage: 11,601 SF

Acreage: 1.47 acres

Offering Price: $1,820,000

Price Per Bed: $82,727

Debt Structure: Market (offered free & clear)

Lease Structure: Vacant


Perfect for Senior Living Operator or Developer: Ready for immediate occupancy. Facility could be used as skilled nursing, memory care, hospice, or other senior living.

Strong East Cobb Demographic: The property has great demographics with more than 59,982 people and average household income of more than $121,271 within 3 miles.

Special Use: With limited existing inpatient hospice facilities available in the right locations, this presents a tremendous opportunity to acquire and quickly start operations.

InVESTMEnT hIGhLIGhTS

Cartersville

DunwoodySandy Springs

Chamblee

McDonough

Covington

Oxford

Conyers

Loganville

Dacula

Sugar Hill

Buford

FloweryBranchCumming

Alpharetta

F U LTO N

W A L T O N

B A R T O WH A L L

Lawrenceville

DowntownAtlanta

NorthAtlanta

CO B B

Kennesaw

Grayson

GW I N N E T T

113

41

400

675Source: 2012 MPSI Systems Inc. d.b.a. DataMetrix®

TRAffIC COUnTS 48,507 vehicles per day (InTERSECTIOn Of PAPER MILL RD AnD JOhnSOn fERRY RD)

1 Mile 3 Miles 5 Miles

population 2013 5,681 58,982 210,583

Total households 2,236 24,076 91,503

average household income $129,952 $121,271 $99,382

DEMOGRAPHIC SUMMARY

155

407

407

401

120

141

407

9

9

400

400

285

285

285

75

75 85

19

19

41

Dunwoody

Chamblee

North AtlantaVinings

Rosw

ell Rd N

E

Peach

tree B

lvd

Chamblee

Cobb Pkwy S

E

Lo wer Ros

well Rd

John

son

Ferr

y R

d

Abernathy Rd NW

Terrel

l Mill

Rd

Mount

Vernon

Hwy N

W

Mt Parani

Pkwy

Northside Dr

Peac

htre

e D

unw

oody

Rd

Chamblee Dunwoody

Mt Vernon Rd

Roswell Rd NE

Powers Ferry Rd SE

Pap

er Mill Rd

Rive

rside

Dr


LOCATIOn AnD DEMOGRAPhICS

The subject property, Senior Living Facility, located on 200 Village Parkway in Marietta (East Cobb), GA, was built in 1991 and is in great physical condition. In 2013, total population within 5 miles was 210,583 and average household income within 5 miles was $99,382.

200 ViLLage Pkwymarietta, ga 30067

Senior LiVing FaciLity



VILLAGE PKW

Y nE

PAPER MILL RD SE


PROPERTY AERIAL - CLOSE UP



V

ILLAGE PKWY nE

VILLA

GE PL n

E

JOh

nSO

n fER

RY R

D n

E

9,928 VPD

38,5

79 V

PD

Johnson Ferry Assisted Living Facility



PAPER MILL RD SE


PROPERTY AERIAL - nEIGhBORInG PROPERTIES


PROPERTY OVERVIEW

Address: 200 Village Parkway, Marietta, GA 30067

Parcel ID: 100-73-00-550

County: Cobb County - City of Marietta, GA

Metro Market: East Cobb

Zoning: Commercial (CF)

Building Size: 11,601 SF

Land Area: 1.47 acres

Year Built: 2002

Construction: Concrete block with stucco veneer

Parking: 12 parking spaces plus cross access parking in Paper Mill Village

Signage: Mounment sign along Paper Mill Road

Beds: 22 200 Village ParkwayMarietta (East Cobb), GA 30067

01 Executive Summary Senior Living Facility 11

fLOOR PLAn


SURVEY

markeT oVerView marietta, georgia detailed demographics nearby Properties

02

Senior Living Facility

Cobb County Superior Courthouse

02 Market Overview 14Senior Living Facility

EAST COBB

East Cobb is one of the most affluent areas of Northwest Atlanta - with an average household income of more than $121,271 within three miles. East Cobb comprises several top public high schools: Walton, Pope, Sprayberry, Wheeler, Kell and Lassiter. It is also home to two of the premier shopping centers in Atlanta: Merchant’s Walk and The Avenues of East Cobb.

Founded in 1832, Cobb County has just under 700,000 residents and is named after Judge Thomas W. Cobb, a former U.S. Senator. The ease of access to multiple highways, hospitals and assisted living facilities support the location of this Senior Living Facility.

TOP TEn CORPORATE EMPLOYERS: METRO ATLANTA

Company EmploymentDelta Airlines 22,257

AT&T 21,915

Emory University and Emory Healthcare 21,000

Cox Enterprises 13,583

United Parcel Service (UPS) 10,745

WellStar Health System 10,112

SunTrust Banks 7,700

Lockheed Martin Aeronautics 7,531

IBM Corporation 7,500

Georgia Institute of Technology 7,342

Company Beds

Northside Hospital 537 Beds

Emory Hospital 579 Beds

Piedmont Hospital 529 Beds

Wellstar Kennestone Hospital 633 Beds

Northeast Georgia Medical Center 557 Beds

Grady Memorial Hospital 953 Beds

Children’s Healthcare of Atlanta 505 Beds

LARGEST ATLAnTA AREA hOSPITALSMETRO ATLANTA


MARIETTA, GA DEMOGRAPhICS

Sources: Claritas, Market + Main, Inc., U.S. Census Bureau

DETAILED DEMOGRAPhICS 1 MILE 3 MILES 5 MILES

2013 Population 5,681 58,982 210,5832018 Projected Population 6,056 62,105 224,5872010 Census Population 5,458 57,100 201,7092000 Census Population 4,350 56,387 186,104Growth 2000 - 2013 29.56% 4.56% 12.79%Growth 2013 - 2018 6.61% 5.29% 6.65%2013 Median Age 47.2 42.5 37.12013 Households 2,236 24,076 91,5032018 Projected Households 2,385 25,569 98,3822010 Census Households 2,148 23,115 86,9902000 Census Households 1,639 22,372 79,125Growth 2000 - 2010 31.08% 3.32% 9.94%Growth 2010 - 2013 4.09% 4.16% 5.19%Growth 2013 - 2018 6.64% 6.20% 7.52%2013 Average Household Size 2.54 2.45 2.302013 Average Household Income $129,952 $121,271 $99,3822013 Housing Units 2,236 24,076 91,5032013 Owner Occupied Units 90.79% 77.55% 54.18%2013 Renter Occupied Units 9.21% 22.45% 45.82%

120

120 120

120

140

92

141

141

9

400

285

285

75

85

19

41

41Smyrna

East Cobb

Roswell

Dunwoody

Sandy Springs

Mansell R d

Old Alaba ma Rd

Ro

be rts Rd

Johns on Ferry Rd

Lo wer Roswe ll Rd

Paper Mill Rd

Rosw

e ll St

Windy Hill Rd

Sandy P

lain

s R

d

Green parck pchpersonal care householly house

Guardian hoMecare hospice

GoldWn livinG cenTersskilled nursinG

eMBracinG hospicecare

MarieTTa personalhoMe care

Bayada pediaTricslicensed pracTical nurse

in assiTed livinG#1 assisTed livinGprovider in u.s.

Johnson personalhoMe healThcare

coMpassionaTecare hospice

aseracare hospicealZheiMer’s care

aGape hospicecare

inTeriM healThcare

halcyon hospice

souThcare creMaTion socieTy

Manor on The squarepersonal hoMe careadulT day care

eMeriTus aT sandy sprinGs placesenior livinG

arBor Terrace ofeasT coBB

BriGhTon Gardensof dunWoodysunrise senior livinG

caMpBell-sTonesandy sprinGs

cerTified hoMe care of GeorGia

aZalea ManorassisTed livinGpersonal care hoMe

sTerlinG esTaTes senior livinG coMMuniTy

sunrise aT easT coBBassisTed livinGcoMMiuniTies senior

aTria Johnson ferryGeorGia assisTedlivinG coMMuniTies

senior livinG faciliTy

carinG nursinGservices

Golden rose assisTed livinGresidenT care

visiTinG anGelshoMe healTh careassisTance services

parc aT piedMonTpersonal care hoMe

Bickford of MarieTTapersonal care hoMe

ASSISTED LIVING FACILITIES

HOSPICE CARE FACILITIES

nEARBY PROPERTIES


nEARBY ASSISTED LIVInG AnD hOSPICE CARE PROPERTIES

© 2014 ackerman & co. all rights reserved.

fOR MORE InfORMATIOn, PLEASE COnTACT:

SEAn W. PATRICK, CCIM Vice President, Investment Sales 770.913.3946 | [email protected]

Documents

offering memorandum - Ackerman & Co. in Atlanta, GA · 2018. 6. 22. · Marietta (East Cobb), GA 30067 Ackerman & Co’s Investment Sales team is pleased to exclusively present for