OFFERING MEMORANDUM

DONNA SMILEY 353 & 363 Parkway Drive, , GA 30312 REAL ESTATE GROUP CONFIDENTIALITY AND DISCLAIMER

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property 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 or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may 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 of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

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 2 and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction. DONNA SMILEY All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected CBB, CCB, ABI, CNE rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations 404.580.1265 Mobile as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should 404.604.3100 Office be discussed by the party with a certified public accountant or tax attorney. Title questions should be [email protected] discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by KW Commercial in compliance with all applicable DONNA SMILEY fair housing and equal opportunity laws. REAL ESTATE GROUP EXECUTIVE SUMMARY City Lights Apartment Homes PROPERTY OVERVIEW

PROPERTY SPECS PRICE $2,500,000

PROPERTY TYPE Office NE

Parkway Dr NE PROPERTY SUB-TYPE Medical

BUILDING CLASS C Wabash Ave NE SALE TYPE Investment or Owner User

LOT SIZE 0.28 AC 363 Parkway Dr NE RENTABLE 9,426 SF 4 BUILDING AREA NO. STORIES 2 Parkway Dr NE 353 Parkway Dr NE

Boulevard NE YEAR BUILT 1978 Ralph McGill Blvd NE TENANCY Single

PARKING RATIO 6.37/1,000 SF Parking

ZONING DESCRIPTION C2

ASKING PRICE

$2,500,000 Parkway Dr NE

Boulevard NE Boulevard NE

19,300 DAILY Parkway Dr NE 363 Parkway Dr NE 353 Parkway Dr NE

Boulevard NE MaggieRussell Towers

Harbor Grace Hospice

Central City Condominium

Ralph McGill Blvd NE Parkway Dr NE 45 7,160 DAILY

KW Commercial is pleased to present Located in Atlanta’s iconic & historic Fourth Ward, also in a Federally designated Opportunity Zone. This , the building is currently comprised of 9,426 SF on 2 prominent location is surrounded by current and future development levels. The sale of the building will also include a separate parcel that has & redevelopment projects, such as luxury townhomes, mid & high-rise 60+parking spaces. Across the street from Atlanta Medical Center/WellStar condo developments, etc. A proposed $70 million-dollar modern mix-used Health Systems. Minutes from Downtown & , with easy development project in Old Fourth Ward, “Waldo’s Old Fourth Ward” is access to major highway interstates, I-85, I-20, & Freedom Parkway. less than 1 mile from this opportunity.

The building was originally used as a medical office & later as an Old Fourth Ward is a historic neighborhood in Atlanta and has emerged as attorney office. It has flexible C2 zoning that allows a variety of uses one of the trendiest communities in just a few short years. Home to iconic along with office, which include live-work, studio, loft-office, residential, landmarks including Martin Luther King’s birthplace, MLK National Historic restaurant; has also been used for filming by a major cable television Park, MLK Center, , the Jimmy Carter Library & network. This purchase is ideal for an Owner User, Investment that can Museum, etc. O4W has continued to evolve. One of the largest assets to be used as an income producing property, and or redevelopment. This the area has been the Atlanta Beltline which has inspired development and is a rare opportunity to purchase a commercial building in Atlanta’s Old community investment. 353 & 363 Parkway Dr NE

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Located in popular Old Fourth Ward Currently comprised of 9,426 SF on 2 levels, Minutes from Downtown & Midtown separate parcel for 60+parking spaces Atlanta, Atlanta Beltline,

Across the street from Atlanta Medical Corner Parcel with excellent visibility & Easy access to major highway interstates, Center/WellStar Health Systems exposure I-85, I-20, & Freedom Parkway

85

20

53,000+ students State 206,000 DAILY Transit Station

20

King Memorial Transit Station

369,000 DAILY

85 85 349,000 DAILY

21,500 DAILY 57,700 DAILY

David T. Howard 353 & 363 Parkway Dr NE High School

The Kindezi School at Old Fourth Ward 497 students

19,300 DAILY

10 $10 BILLION DEVELOPMENT

33 MILES URBAN TRAILS

5,600 AFFORDABLE UNITS 9 30,000 PERMANENT JOBS

22 MILES OF RAIL TRANSIT LOCATION OVERVIEW 4

In recent years, OFW has continued to evolve and redefine itself. One OLD FOURTH WARD big asset to the area has been the proximity to Freedom Parkway and the Atlanta BeltLine, which has inspired growth and community investment. Old Fourth Ward is a historic neighborhood in Atlanta. Located just An example of this growth is the Historic Fourth Ward Park, dedicated in east of downtown, in an area originally settled in the early 1800s, Old the spring of 2011. This park encompasses 17 acres of new green space, a Fourth Ward (OFW – look for this sticker sported on the cars of proud two-acre lake, playground, a state-of-the-art splash pad, an outdoor theater, residents!) is the birthplace of America’s best-known civil rights leader, athletic field and a world-class skate park. You’ll find one of the many Dr. Martin Luther King, Jr. entrances to this park at Glen Iris Drive and Rankin Street.

Until recently, the main attractions to OFW have been based in history, such Also in Old Fourth Ward, you’ll find some incredible dining and nightlife. as the Martin Luther King, Jr. National Historic Site, Ebenezer Baptist Church Venture down for bars and other hot spots – you may and the Historic District. Visitors can tour restored shotgun even find a hidden speakeasy. Some of Atlanta’s top restaurants call OFW houses, Victorian homes and Craftsman bungalows in the neighborhood. home, so come hungry. DEMOGRAPHICS

MEDIAN HH INCOME WORKFORCE BACHELOR’S DEGREE $65,345 256,891 26,991

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PROPERTY VALUE MEDIAN AGE POPULATION $302,200 33.2 498,073

COMMUTE TIME TOP OCCUPATION TOP INDUSTRY 25 MIN. MANAGEMENT PROFESSIONAL 4

It ranks in the top twenty among world cities and 10th in the nation with a gross domestic product (GDP) of $385 billion. Atlanta’s economy is considered diverse, with dominant sectors ATLANTA that include aerospace, transportation, logistics, professional and business services, media operations, medical services, Atlanta is the capital, most populous city of the U.S. state of and information technology. Atlanta has topographic features Georgia. With an estimated 2018 population of 498,044, that include rolling hills and dense tree coverage, earning it is also the 37th most populous city in the United States. it the nickname of «the city in a forest.» Revitalization of The city serves as the cultural and economic center of the Atlanta’s neighborhoods, initially spurred by the 1996 Summer Atlanta metropolitan area, home to 5.9 million people and Olympics, has intensified in the 21st century, altering the city’s the ninth-largest metropolitan area in the nation. demographics, politics, aesthetics, and culture ECONOMIC SNAPSHOT

With a GDP of $385 billion, the Atlanta metropolitan area’s economy is the tenth-largest in the country and among the top 20-largest in the world. Corporate operations play a major role in Atlanta’s economy, as the city claims the nation’s third-largest concentration of Fortune 500 companies. It also hosts the global headquarters of corporations like The Coca-Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, and UPS. Over 75% of Fortune 1000 companies conduct business operations in the city’s metro area, and the region hosts offices of over 1,250 multinational corporations. Many corporations are drawn to the city by its educated workforce; as of 2014, 45% of adults aged 25 or older residing in the city have at least 4-year college degrees, compared to the national average of 28%

SILICON PEACH

Information technology—a business sector that includes publishing, software development, entertainment and data processing—has garnered a larger percentage of Atlanta’s economic 14 output. Atlanta has, indeed, been nicknamed the «Silicon peach» thanks to its burgeoning technology sector. As of 2013, Atlanta contains the fourth- largest concentration of information technology jobs in the US, numbering 85,000+. The city also is ranked as the sixth fastest- growing community for information technology jobs, with an employment growth of 4.8% in 2012 and a three-year growth near 9%, or 16,000 jobs. Information technology companies are drawn to Atlanta’s lower costs and educated workforce

TOP EMPLOYERS WHYINVEST IN ATLANTA

15 #1 METRO AREA 3RD MOST FOR LOWEST COST OF FORTUNE 500 COMPANY DOING BUSINESS HEADQUARTER

1.9 M FORECASTED #1 AIRPORT JOBS TO BE HARTSFIELD-JACKSONATLANTA CREATED BY 2040 INTERNATIONAL AIRPORT ATLANTA GEORGIA STATE GRADY BELTLINE UNIVERSITY HOSPITAL 16 The Atlanta BeltLine is a With 7 campuses in metro- Grady’s mission is to improve sustainable redevelopment Atlanta, the university provides the health of the community by project that provides a network its world-class faculty and providing quality, comprehensive of public parks, multi-use trails 53,000+ students with healthcare in a compassionate, and transit along a historic 22- unsurpassed connections to culturally competent, ethical mile railroad corridor circling the opportunities available in and fiscally responsible manner. downtown and connecting one of the 21 st century’s great Grady maintains its commitment many neighborhoods directly global cities. A national leader to the underserved of Fulton to each other. in graduating students from and DeKalb counties, while also diverse backgrounds, Georgia providing care for residents State provides a rich experience of metro Atlanta and Georgia. with award-winning housing, Grady leads through its clinical hundreds of student clubs and excellence, innovative research organizations, and one of the and progressive medical most diverse student bodies in education and training. the country. UNDERGROUND MERCEDES- SUMMERHILL / GA ATLANTA BENZ AVENUE 17 REDEVELOPMENT STADIUM REDEVELOPMENT The new vision of Mercedes-Benz Stadium serves as Summerhill is the redevelopment of Underground will transform the home of the Atlanta Falcons Atlanta’s former Olympic stadium the historic four-block radius (NFL) and Atlanta United (MLS). and surroundings, encompassing into a sustainable community. Along with concerts previously 80 acres adjacent to downtown Project includes student held at the Georgia Dome, new Atlanta with unrivaled access and apartments, affordable marquee events are hosted at visibility. The 19-block project apartments, 190,000+ SF the stadium including concerts, represents a rare commodity in of retail and office space, a conventions and other sporting Atlanta – a vibrant, walkable and higher-density hotel and a events including Super Bowl LIII. authentic streetscape combining 175,000 SF ecosystem that Mercedes- Benz stadium has a culture, entertainment, and fosters creativity and supports capacity of 71,000 seats . housing within a worldclass office Atlanta’s growing community ecosystem. Winner of GlobeSt. of makers and doers. com’s 2019 ADAPT award as the Delivering late 2020 best economic restoration of a neighborhood’s former glory. 18 DONNA SMILEY CBB, CCB, ABI, CNE

404.580.1265 Mobile 404.604.3100 Office [email protected]

DONNA SMILEY REAL ESTATE GROUP