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Exclusively Presented by:
5720 PEACHTREE CORNERSPeachtree Corners (Atlanta), Georgia
AUCTION JUNE 12 -14
AUCTION JUNE 12 -14
TMREAL INSIGHTMARKETPLACE
5720 PEACHTREE CORNERS 2
EXECUTIVE SUMMARY
TMREAL INSIGHTMARKETPLACE
The StandardClub
AtlantaAthletic
Club
SugarloafCountry
Club
OglethorpeUniv
MercerUniv
Chattahoochee RiverNat Rec Area
MorganFalls Park
Chattahoochee
River
Chattahoochee River
WillowLake
MartinLake
Chattahoochee
River
Berkeley Lake
Cardinal Lake
McGinnis Ferry Rd
Jone
s Brid
ge RdN Po
int Pk
wy
Alpharetta Hwy
Med
lock
Brid
ge R
d
orcross St
Kimba
Bridge Rd
Haynes Bridge Rd
Abbotts Bridge Rd
W Crossville Rd
Mansell Rd
Holcomb Bridge Rd
Rd
Old Alabama Rd
Atla
nta S
t
Nesbit Ferry Rd
Hwy
lleo Rd
Roswell Rd
Northridge Rd
Peachtree Dunwoody Rd NE
alrymple Rd NE
thy Rd NE
Mt Vernon
Hwy
Glenridge Dr
Peachtree Dunwoody Rd
Peachtree In
dustriSuwaneeBuford Dam Rd
Old Peachtree
Rd NW
Satel
iteBlvd
NW
Sugarloaf
Pkwy
Sever Rd
Peac
htre
e Pkw
y
Medlock Bridge Rd
Duluth Hwy
Bogg
s Rd
Herri
ngto
n Rd
Spalding Dr
Satellite Blvd
Steve
Reynold
s Blvd
Old Norcross Rd
Cruse RdBeaver Ruin RdW Peachtre
e St
Bethesda School Rd
Indian Trail Rd
Beaver Ruin RdSingleton Rd
Norcros
sTu
cker R
d Rockbridge RdKillian Hill Rd NW
Oak Rd
Five Forks Trick
um Rd
Jimm
y Carter Blvd NW
Pleasant Hill Rd
Roberts Dr
Mount Vernon Rd
TillyMill Rd
Peeler Rd
Winters
Chapel Rd
Spal
ding
Dr
Dunwoody Club Dr
Shallowford Rd
Peachtre
e
Industrial
Blvd
Harts Mill RdJohnson Ferry Rd
Ashford Dunwoody Rd
Chamblee Dunwoo dy Rd
chtre
e Rd
D
ChambleeTucker RdClairm
ont Rd Evans Rd
Shallowford Rd Rd
New Peachtree
Rd
Oakcliff Rd
MercerUniv Dr
Chamblee Tucker Rd
Pleasantdale Rd
Henderso
Buford Hwy
Bufo
rd H
wy
Lawrenceville HwyBuford Hwy
Bufo
rd H
wy
Fulton Exwy
N Fu
lton E
xwy
Peachtree
Industrial Blvd
Ronald ReaganPkwy
Dekalb-PeachtreeAirport
SandySprings
Mechanicsville
PleasantHill
Suwanee
Duluth
BerkeleyLake
Norcross
Lilburn
Dunwoody
Doraville
Chamblee
Tucker
141
120
120
400
140
9
19
19
85
23
29
140
120
120
37885
285
141
7585
85
85
285
285
285
20
20
20
675
75
400
400
78
141
166
Hartsfield-JacksonInternational Airport
Hartsfield-JacksonInternational Airport
5720 PEACHTREE PARKWAY
ATLANTAATLANTA
EXCEPTIONAL LOCATION• The property benefi ts from its substantial frontage and prominent visibility
along Peachtree Parkway, a vibrant commuter and country club corridor, with 58,501 VPD.
• The property offers two points of ingress and egress onto Peachtree Parkway.
• The property is convenient to the area’s most desirable schools, retail and residential communities including Buckhead, Brookhaven, Duluth, and Johns Creek.
QUALITY OFFICE BUILDING• The property offers fl exible fl oor plates ideal for single or multiple tenants.
• Recently completed new roof.
• The property is served by an on-site back-up generator and an IT data room.
VALUE-ADD INVESTMENT OPPORTUNITY• Current market conditions enhance the opportunity that exists for a potential
investor to lease up at attractive, rising rates.• Ideal opportunity for a user or owner to acquire the property well below
replacement cost.
• The lack of offi ce development sites available in Peachtree Corners has been caused by a surge of in-fi ll residential and retail projects eliminating future offi ce competition.
NORTHEAST MARKET MOMENTUM• Northeast Atlanta fi nished 2016 with strong positive absorption, absorbing
the second highest amount of offi ce space in Atlanta in Q4, indicating a rising level of demand for the more affordable space the area has to offer.
• Class A & B rents rose in 2016 with the start of 2017 bringing additional rent growth further evidencing demand.
ATLANTA ECONOMIC ADVANTAGE• Businesses are attracted to Atlanta because of its low operating costs and well
educated labor force.
• Moody’s notes that Atlanta’s job growth in professional and technical services is far exceeding the U.S. average, with overall job growth averaging 86,000 new jobs since 2013.
• Atlanta’s high concentration of highly educated professionals will continue to make the area a preferred destination for corporate relocations and expansions.
• Major recent corporate headquarters relocations or expansions: State Farm, Mercedes-Benz, Porsch, Newell Rubbermaid and Worldpay.
PROPERTY OVERVIEW
5720 PEACHTREE CORNERS 3TMREAL INSIGHT
MARKETPLACE
141
141
© 2016© 2016TRANSWESTERNTRANSWESTERN
© 2016TRANSWESTERN
5720 PEACHTREE PARKWAY
GAZEBO/PATIO AREA
MULTI-USE TRAIL PATH
58,501 VPDPEACHTREE PARKWAY (NORTHBOUND)
PEACHTREE PARKWAY (SOUTHBOUND)
Address 5720 Peachtree ParkwayPeachtree Corners, Georgia 30092
Year Built 1982
Total Size 58,672 SF
Acres 4.0 AC
Number of Stories 3
Zoning M-1: Light Industry
Current Occupancy 0%
Last Tenant NCR - Vacated in 2016
Parking Deck None
Parking Ratio 236 or 4/1,000
Ceiling Height 8’ - 3”
Slab to Slab 11’ - 6”
Frontage 380’ / 58,501 VPD
TMREAL INSIGHTMARKETPLACE
5720 PEACHTREE PARKWAY 4
LOCATION SUMMARY
ATLANTA REGIONAL HIGHLIGHTS
Metro Atlanta, the economic center of the southeast, is the ninth largest MSA in the U.S. and the 10th largest economy in the nation with a GDP of $324.9 billion. Home to 5.7 million residents and more than 155,000 businesses, including 18 Fortune 500 corporations, the region boasts one of the most vibrant economies in the country.
HIGH JOB CREATION
Since 2010, Atlanta’s job growth has signifi cantly outpaced the national average and is expected to continue with Moody’s predicting job growth in Atlanta to be 14.3% through 2019. The Atlanta economy has generated an average of 86,000 jobs annually since 2013, of which 80% of growth is estimated to be organic while only 20% represents jobs coming from outside the area.
ATLANTA POPULATION GROWTH
The Atlanta region remains a desirable place to live, thanks to the low cost of living and a strong, diversifi ed economy that continues to create jobs. For the past 7 years, more people have moved to Atlanta than to any other metro area in the Unit-ed States. It is estimated that metro Atlanta will add 2.5 million people in the next 25 years, bringing the region’s population to more than 8 million.
YOUNG TALENTED WORKFORCE
While Atlanta ranks as the top place to move, it is #2 in the nation for attracting millennials, the most coveted demographic in the country. Nearly 26% of Atlanta’s residents are made up of this 25- to 34-year-old designation. Millennials are drawn to Atlanta because of the low cost of living and strong employment opportunities with top corporations.
NORTHEAST SUBMARKET HIGHLIGHTS
Bisected by I-85 and historically one of metro Atlanta’s fastest growing markets, the Northeast submarket has evolved over the past 30 years into a nearly self-supporting commercial and residential center. As Atlanta’s focal point for offi ce/warehouse and service/fl ex/R&D space development since the 1970s, this submarket has been home to a predominately low-rise offi ce market since the early 1980s. The 1984 opening of the 1.4 million square-foot Gwinnett Place Mall triggered growth to the north and east that has yet to abate.
RECOGNIZED TECH HUB
The Northeast has emerged as an economic powerhouse and metro Atlanta’s hub for technology, bioscience and innovative companies of the future. Leading Atlanta’s job creation for over the past two years and home to Fortune 500 and 1000 companies, the Northeast hosts a wide range of businesses, including industry giants, international companies and small businesses.
PEACHTREE CORNERS HIGHLIGHTS
CITY BY THE RIVER
Peachtree Corners is Gwinnett County’s newest city. Situated in one of the fastest growing counties in Georgia, Peachtree Corners is conveniently located to major highways, I-85, I-285 and GA 400 and just 30 minutes northeast of Atlanta. Founded on July 1, 2012, it is home to over 40,000 residents. The new city is 17 square miles in size and is located in the southwest corner of the county. Seven miles of the Chattahoochee River defi ne its western border.
PRO BUSINESS ENVIRONMENT
Companies thrive in the city’s pro-business environment which offers a zero millage rate. The Gwinnett city is also home to a new business incubator, Prototype Prime, which promotes and supports the entrepreneurial spirit. The city provides planning, zoning, solid waste pickup, code enforcement and public works services.
AMONG TOP 10 BEST SUBURBS IN GEORGIAThe City of Peachtree Corners was named 8th among Georgia’s 100 best suburbs in 2017 according to Niche.com. With top marks in a number of categories including: best place to raise a family, public schools, health and fi tness, outdoor activities and commute time.
REGIONAL SNAPSHOT
Current Population 5,700,000 (2% annual growth since 2000)
Workforce 2,800,000 (9th largest in U.S.)
Unemployment 5.0% (Dec 2016)
Job Growth #4 in Country
Cost Of Doing Business 88% (Moody’s Analytics)
5720 PEACHTREE CORNERS OFFERING MEMORANDUM
EXCLUSIVELY PRESENTED BY
KEVIN MARK WORDTManaging Director
JON KLEINBERGManaging Director
TODD SYPRET TVice President
CONFIDENTIALITY & DISCLAIMER
Transwestern (the “Agent”) has been engaged as the exclusive agent for the sale of 5720 Peachtree Parkway, Peachtree Corners, Georgia (“Property”), by the Owner of Record (the “Seller”). The Property is being offered for sale in “as-is, where-is” condition and the Seller and the Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum.
The enclosed materials include highly confi dential information and are being furnished solely for the purpose of review by prospective Purchasers of the interest described herein. Neither the enclosed materials, nor any information contained herein, are to be used for any other purpose, or made available to any other person without the express written consent of the Seller. Each recipient, as a prerequisite to receiving the enclosed information, should be registered with Transwestern as a “Registered Potential Investor” or as “Buyer’s Agent” for an identifi ed “Registered Potential Investor.” The use of this Offering Memorandum and the information provided herein, is subject to the terms, provisions and limitations of the confi dentiality agreement furnished by the Agent prior to delivery of this Offering Memorandum.
The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by the Agent or the Seller or any of their respective representatives, affi liates, offi cers, employees, shareholders, partners or directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein, or any other written or oral communications, or information transmitted, or made available, or any action taken, or decision made by the recipient with respect to the Property. Interested parties are to make their investigations, projections and conclusions without reliance upon the material contained herein.
The Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. The Seller and the Agent each expressly reserve the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This Offering Memorandum is made subject to omissions, corrections or errors, change of price or other terms and prior sale or withdrawal from the market without notice. The Agent is not authorized to make any representations or agreements on behalf of the Seller.
The Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to the Seller’s obligations hereunder have been satisfi ed or waived.
By taking possession of and reviewing the information contained herein, the recipient agrees that:
(a) The enclosed materials and their contents are of a highly confi dential nature and will be held andtreated in the strictest confi dence and shall be returned to the Agent or the Seller promptly uponrequest;
(b) The recipient shall not contact employees or tenants of the Property directly or indirectlyregarding any aspect of the enclosed materials or the Property without the prior written approvalof the Seller or the Agent; and
(c) No portion of the enclosed materials may be copied or otherwise reproduced without the priorwritten authorization of the Seller or the Agent or as otherwise provided in the Confi dentiality and/or Registration Agreement executed and delivered by the recipient(s) to Transwestern.
The Seller will be responsible for any commission due the Agent in connection with a sale of the Property. Each prospective purchaser will be responsible for any claims for commissions by any other broker or agent in connection with a sale of the Property if such claims arise from acts of such prospective purchaser or its broker/agent. Any Buyer’s Agent must provide a registration signed by the prospective investor acknowledging said agent’s authority to act on its behalf.
APRIL 2017
