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EXCLUSIVE OFFERING
30.08 ACRES PLANNED FOR 45 SFD LOTS
OLD DOUGLAS COUNTY, GA Disclosure / Confidentiality Statement
The material contained in this Offering Memorandum is confidential, furnished solely for the purpose of considering the acquisition of 30.08 acres on South Shelby Lane in Douglas County, Georgia (“Property”), and is not to be used for any other purpose or made available to any other person without the express written consent of Ackerman & Co. and Pioneer Land Group. (“Broker”) and the Owner (“Owner”). This Offering Memorandum was prepared by Broker, and the information contained herein has been obtained from sources that Broker deems to be reliable, and Broker has no reason to doubt its accuracy. However, neither Owner, its affiliates, officers, directors or employees, nor the Broker, nor any other party, make any warranty or representation, expressed or implied, as to the accuracy or completeness of the information contained herein, including but not limited to financial information and projections, and any engineering and environmental information and any downloadable files. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the Property, including such engineering inspections as they deem necessary to determine the condition of the Property. Ackerman and Co. and Pioneer Land Group represent the Owner in this transaction and makes no representations, expressed or implied, as to the foregoing matters.
This Offering Memorandum is exclusively presented by the Broker. For additional information or to schedule a property tour, please contact:
John Speros Direct: 770.913.3910 Senior Vice President Mobile: 404.578.7033 Ackerman & Co. Email: [email protected]
Kyle Gable Direct: 770.225.0718 Broker Mobile: 404.867.3332 Pioneer Land Group Email: [email protected]
J.T. Speros Direct: 770.913.3949 Associate, Brokerage Mobile: 404.775.3919 Ackerman & Co. Email: [email protected] Table of Contents
1 THE OPPORTUNITY
2 THE PROPERTY
3 THE MARKET
PROPOSAL 4 REQUIREMENTS
5 SUPPORT INFORMATION GOOGLE EARTH KMZ FILE SITE PLAN SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 4 The Opportunity
Ackerman & Co. and Pioneer Land Group exclusively present South Shelby Lane (“The Property”) in Douglas County, Georgia.
South Shelby Lane offers the following:
Convenient location approximately 3 miles from Interstate 20, providing access via the Chapel Hill Road interchange.
Excellent access to surrounding retail amenities including downtown Douglasville, Arbor Place Mall and Sweetwater Creek State Park.
Increasing housing demand in Douglas County: annual closings are up 22% in the last 4 quarters. Downtown Douglasville
The highest priced high school district for new single-family detached (“SFD”) homes in all of Douglas County - Chapel Hill High School.
Limited supply of houses in the Chapel Hill market, with only a 1.0 month supply.
Property is zoned for single-family lots with a minimum lot width of 80’. Sewer and water available on site. n Possible annexation into the Hampton Mill subdivision. This was originally the future phase but was not annexed. Hampton Mall is served by a swimming pool and tennis courts.
Interested parties should submit a letter of intent (“LOI”) pursuant to the terms outlined in the Process section of this Offering Memorandum. Sweetwater Creek State Park
OFFERING MEMORANDUM SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 5 The Property
South Shelby Lane is located approximately 2.5 miles to the south of the InterstateCOBB 20/Chapel Hill Road intersection in Douglas PAULDING County, Georgia. The address for the neighboring property is 4075 S. Shelby Lane, Douglasville, GA 30135Hillcrest Dr (for reference). DOUGLAS Skyview Dr S Burnt Hickory Rd Fulton County Riverside Pkwy Airport-Brown Field
Monier Blvd Blairs Bridge Rd
20 Six Flags Rd ¨¦§ UV92 White Rd ¨¦§20 Hartman Rd SW
Douglasville Colonial Trl Lee Rd Sweetwater Creek Sweetwater Creek CALHOUN State Park FAIRBURN RD
78 Fairburn Rd SW £¤ Slater Mill Rd Bright Star Rd Star Bright Mt Vernon Rd
Rose Ave
GAINESVILLE Danforth Rd SW Pope Rd ROME CANTON
CARTERSVILLE Bomar Rd ¦¨§575 ¨¦§285 ¦¨§985 WOODSTOCK
6 ALPHARETTA 85 Chapel Hill Rd Hill Chapel Riverside Pkwy 75 ¦¨§ DOUGLAS UV ¦¨§ ACWORTH
Stewart Mill Rd FULTON KENNESAW ROSWELL JOHNS CREEK DULUTH Enon Rd SW PEACHTREE CORNERS MARIETTA LAWRENCEVILLE 92 Fairburn ¦¨§85 Kings Hwy UV DALLAS SANDY SPRINGSFairburnDUNWOODY CASCADE PALMETTO HWY SANDY SPRINGS ¦¨§285 SMYRNA BROOKHAVEN UV154 SNELLVILLE SOUTH SHELBY ¦¨§75 NORTH ATLANTA 70 85 LANE UV ¦¨§
DOUGLASVILLE ATLANTAATLANTA VILLA RICA ¦¨§20 Yeager Rd ¦¨§20 EAST POINT 20 COLLEGE PARK ¦¨§ CONYERS ¦¨§285 FOREST PARK
CARROLLTON §675 COVINGTON RIVERDALE ¦¨ Enon Rd FAIRBURN RIVERDALE STOCKBRIDGEr
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85 c W Chapel Hill Rd ¦¨§ r
e 75 Butner Rd Rd BenHill ¦¨§
m FAYETTEVILLE MCDONOUGH
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Big A Rd 70 C E Stubbs Rd UV NEWNAN PEACHTREE CITY Derrick Rd Derrick Jailette Rd N Old Fairburn Rd
Union Rd Rd Mason
OFFERING MEMORANDUM GRIFFIN Ridge Rd 70 Stonewall Tell Rd UV Jones Rd
Buffington Rd Buffington S FULTON PKWY
Hunter Rd
LAGRANGEKoweta Rd
S FULTON PKWY
MACON THE PROPERTY SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 6
HIGH ALTITUDE AERIAL WITH NEARBY AMENITIES
FAIRBURN RD SWEETWATER CREEK STATE PARK
20
92 South Shelby Lane
166
OFFERING MEMORANDUM THE PROPERTY SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 7
LOW ALTITUDE AERIAL
N N L L Y Y B B L L E E H H S S H H T T U U O O S S
CENTRAL
CH UR CH RD
SPRINGBROOK DR
T OWN MANOR DR
PARKS LN
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MILL L L
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C C A A R R R R E E T T
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OFFERING MEMORANDUM THE PROPERTY SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 8
SITE PLAN AND DEVELOPMENT STANDARDS
STANDARDS Current Zoning...... R-LD Number of Lots ...... 45 Total Acreage ...... 30.8 AC Net Density ...... 1.49 U/AC Minimum Lot Size ...... 15,000 SF
SETBACKS:
Front Yard ...... 35’ or as noted
Side Yard ...... 10’ or as noted
Rear Yard ...... 30’ or as noted Creeks ...... 150’ Minimum Dwelling ...... 1,800 SF
NOTES Lots to be served by public water and sanitary sewer. Maximum spacing between fire hydrants is 500’. All lot dimensions are approximate. Roadways to be 24’ BOC and have 50’ row. Cul-de-sacs to have a minimum radius of 40’ to BOC. Sidewalks required per Douglas County code of ordinances. Maximum impervious area limited to 25%. N
OFFERING MEMORANDUM THE PROPERTY SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 9
TOPOGRAPHY SCHOOLS
ELEMENTARY SCHOOL Chapel Hill MIDDLE SCHOOL Chapel Hill HIGH SCHOOL Daylily Way Chapel Hill Chapel Xing
Long Lake Dr
BomarBomar RdRd Appaloosa Trl
CentralCentral ChurchChurch RdRd
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n Willowridge Rd
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CHAPEL HILL San Marco Way
MIDDLE
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Springbrook Dr i
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Sunflower Dr
South Shelby Stratford Dr PlantersLane Walk
AnneewakeeAnneewakee RdRd
CourseyLake Rd
Smokestone Dr UTILITIES CHAPEL HILL The Property is served by sanitary sewer and domestic water ELEMENTARY High Country Dr
Soaring Dr
Dorsett Shoals Rd
E Chapel Hill Rd Yancey Rd
CHAPEL HILL HIGH
Chapel Hill Farms Dr School Map
Eastbrook Rd
Forest View Trl OFFERING MEMORANDUM WW ChapelChapel HillHill RdRd
Ridge Rd SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 10 The Market
South Shelby Lane located in Douglas County, Georgia, and is served by the City of Douglasville’s surrounding thriving amenities. As the metro Atlanta housing market continues to grow, the metro counties, including Douglas County, will continue to grow with it. Below are just some of the highlights for the County:
Downtown Douglasville (4 miles from community) is located north of I-20 and has thriving retail with an old town feel and a convention center. The City of Douglasville is currently in the process of master planning the downtown area with new retail space and an outdoor amphitheater.
Arbor Place Mall (2.5 miles from community) is located between Chapel Hill Road and Highway 5 on Douglas Arbor Place Mall Boulevard. This regional mall has over 1,000,000 feet of retail space, with shopping anchors such as Dillards, JCPenney, Macy’s, Belk and Sears.
Sweetwater Creek State Park (7 miles from community) is a 2,549-acre state park located in the New Manchester area of Douglas County. The park features walking and hiking trails, a lake, a visitor center, a bait shop and the ruins of the New Manchester Manufacturing Company. Additionally, activities such as fishing, camping, boating, picnicking and sightseeing are all offered at Sweetwater. With all of the surrounding amenities, convenient access to the interstate, and a growing job market, South Shelby Lane is an excellent opportunity for a builder to take advantage of this exciting market. Downtown Douglasville
OFFERING MEMORANDUM THE MARKET SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 11
DOUGLAS COUNTY DETACHED HOUSING AND LOT ANALYSIS
The Douglas County housing market continues to experience strong growth for both new and resale SFD houses. The new construction SFD housing sales data from 2015-3Q20 is as shown below:
%TOTAL METRO % GROWTH # OF % OF GROWTH IN AVERAGE YEAR ATLANTA SFD NEW IN AVERAGE SALES # OF SALES SALES PRICE SALES PRICE
2015 1% 132 - $233,000 - 2016 1% 247 +87.1% $232,000 -0.4% 2017 2% 286 +15.7% $225,000 -3.0% 2018 2% 382 +33.6% $236,000 +4.9% 2019 3% 460 +20.4% $270,000 +14.4% 3Q20 2% 322 N/A $296,000 +9.6%
Below are the highlights for this market through 3Q20:
Annual starts were 591, representing a 25% increase in the last four quarters.
Annual closings were 567, representing a 22% increase in the last four quarters.
Currently, there is a 40.6 month supply of lots. This is an 33% decrease in Vacant Developed Lots (“VDLs”) supply over the last four quarters.
A total of 43% of the remaining VDLs in Douglas County are in subdivisions with an active builder.
Source: MetroData
OFFERING MEMORANDUM THE MARKET SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 12
CHAPEL HILL HIGH SCHOOL DETACHED HOUSING AND LOT ANALYSIS
The Chapel Hill High School housing market continues to accelerate for the sale price of both new and resale SFD houses.
Below are the highlights for this market through 3Q20:
Highest average new home price in Douglas County of $375,000.
The average price of a resale home built in 2005 or later is $314,000.
Since 2013, the average price for new homes has increased year over year.
Currently, there is only a 1.0 month supply of houses in this market.
Hampton Mill Amenities
Source: MetroData
OFFERING MEMORANDUM SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 13 Proposal Requirements
The 30.08 acres property is offered at a price of $585,000 or $13,000 per proposed lot.
Interested parties should submit proposals in the form of a proposed term sheet that includes the following information:
Price
Earnest money
Due diligence period
Closing period
Contingencies
Overview of purchaser including local history and financial capabilities
We are available to discuss the project and address any questions at your convenience.
OFFERING MEMORANDUM SOUTH SHELBY LANE | 30.08 ACRES PLANNED FOR 45 SFD LOTS | DOUGLAS COUNTY, GA 14 Support Information
Below are files that are related to South Shelby Lane and may be downloaded.* Click the links to open the files.
VIEW ALL FILES
GOOGLE EARTH KMZ
SITE PLAN
*We advise that these files be downloaded to a desktop computer and not on a mobile device as they may not be compatible.
OFFERING MEMORANDUM MEET OUR TEAM
The Ackerman/Pioneer Land Advisory Group (APLG) has represented owners in land sales that have paved the way for many noteworthy housing and commercial real estate developments across the Southeast.
The team has brokered $400+ million in transactions.
FOR MORE INFORMATION, CONTACT:
John Speros Senior Vice President Ackerman & Co. Direct: 770.913.3910 Mobile: 404.578.7033 Email: [email protected]
Kyle Gable Broker Pioneer Land Group Direct: 770.225.0718 Mobile: 404.867.3332 Email: [email protected]
J.T. Speros Associate, Brokerage Ackerman & Co. Direct: 770.913.3949 Mobile: 404.775.3919 Email: [email protected]
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