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Prime Buckhead Village Property 505 Pharr Road NE, Atlanta GA 30305

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Prime Buckhead Village Property 505 Pharr Road NE, Atlanta GA 30305 Prime Buckhead Village Property 505 Pharr Road NE, Atlanta GA 30305 O F F E R I N G M E M O R A N D U M Prime Buckhead Village Property CONTENTS 01 Executive Summary Investment Summary 4 Location Summary 5 02 Property Description Property Features 7 Aerial Map 8 Parcel Map 9 Site Plan 10 Common Amenities 11 Unit Amenities 12 Property Images 13 03 Demographics Demographics 18 Demographic Charts 19 3290 Northside Parkway NW, Suite 200 Atlanta, GA 30327 Exclusively Marketed by: Shawn Daugherty Josh Reeves Debra Dent (678) 429-4665 (404) 547-3622 (678) 521-2286 [email protected] [email protected] [email protected] We obtained the following 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. It is 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 include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Prime Buckhead Village Property | Executive Summary 01 Executive Summary Investment Summary Location Summary PRIME BUCKHEAD VILLAGE PROPERTY ................................................ Prime Buckhead Village Property Investment Summary | 04 OFFERING SUMMARY ADDRESS 505 Pharr Road NE Atlanta GA 30305 COUNTY Fulton BUILDING SF 62,244 TOTAL SUITES 88 LAND SF 82,600 SF YEAR BUILT 1990 APN 17-0060-0008-073-0 OWNERSHIP TYPE Fee Simple FINANCIAL SUMMARY OFFERING PRICE $12,200,000 PRICE PER KEY $138,636 PRICE PSF $196.00 1.89 AC of prime property offering expansive downtown skyline views in the Buckhead Village, and buffered by the 12 AC Frankie Allen Park. Located along the south side of Pharr Road between Peachtree Street DEMOGRAPHICS 1 MILE 3 MILE 5 MILE and Piedmont Ave, the two primary business corridors through 2018 Population 22,947 135,131 340,581 Buckhead. 2018 Median HH Income $66,389 $82,357 $77,447 -88 Suites ranging from 576 SF - 864 SF, and totaling approx 62,244 SF between four mid-rise buildings 2018 Average HH Income $104,196 $129,404 $122,442 -Originally built-in 1990 & renovated 2016, and periodically updated Prime for redevelopment through 2019 Approximately 328 feet of frontage on Pharr Road -SPI 9-SA3 zoning with a 2.696 FAR, and approximately 328 FT of street frontage on Pharr Road. 1.89 AC with SPI-9 SA3 zoning with a 2.696 FAR -Buckhead is home to some of the most exclusive neighborhoods, and Expansive downtown skyline city views the property is within walking distance to Buckhead Atlanta boutique shopping, dining, and nightlife district. Walking distance to the Buckhead Atlanta, dining, shopping, and entertainment district with a walking score of 90. CLICK HERE FOR LOOPNET LISTING Property is buffered on two sides by the Frankie Allen Park that is approx 12 AC with baseball diamonds, tennis courts, walking trails, etc. Prime Buckhead Village Property Location Summary | 05 Regional Map This offering outlines the opportunity to acquire 505 Pharr Rd, Atlanta, GA 30305, a 1.896 acre site in the heart of Buckhead Village. Located between Peachtree Road and Piedmont Road, 505 Pharr Road offers a unique opportunity to own a development site within the most affluent neighborhood of Atlanta. Because of its proximity to Frankie Allen Park, this delightful location creates a compelling opportunity to construct a high-end residential building with unparalleled views of Atlanta and exceptional access to all that Buckhead has to offer. The site presents flexibility through ongoing operating income to phase or plan a development in the future. Boasting a walking score of 90, this Property allows close pedestrian and vehicular access to Buckhead Village’s high- end shops, restaurants, offices, and hotels. Locator Map Prime Buckhead Village Property | Property Description 02 Property Description Property Features Aerial Map Parcel Map Additional Maps PRIME BUCKHEAD VILLAGE PROPERTY Amenities Property Images ................................................ Prime Buckhead Village Property Property Features | 07 PROPERTY FEATURES TOTAL SUITES 88 BUILDING SF 62,244 LAND SF 82,600 LAND ACRES 1.89 YEAR BUILT 1990 ZONING TYPE C1C, SPI-9 SA3 PARKING RATIO 1.43/1,000 SF SQUARE FOOTAGE OVERVIEW RETAIL AT STREET LEVEL 45,900 SF HOTEL ABOVE RETAIL (14 FLOORS) 272,800 SF ROOMS @ 325 sq ft X 1.25% circ = 400 sq ft/rm => 680 SF rm. FAR / DENSITY FAR RANGE 2.696 min – 5.0 max FAR MIN. 2.696 => 222,690 SF FAR MAX. 5.000 => 413,000 SF CURRENT CONFIGURATION 318,700 sq ft = > 3.86 FAR Required MAXIMUM HEIGHT RESTRICTION 150 feet EST. MININIUM PARKING 520 stalls @ 130 CARS/PKG LEVEL => 4 levels of parking Prime Buckhead Village Property Aerial Map | 08 Prime Buckhead Village Property Parcel Map | 09 Prime Buckhead Village Property Site Plan | 10 Prime Buckhead Village Property | Common Area Amenities Common Amenities Fitness center Dinning Area Entertainment Room w/ Bar Outdoor pool & jacuzzi Prime Buckhead Village Property | Unit Amenities Unit Amenities Microwaves and refrigerators Coffee Makers Iron and ironing boards Desks Prime Buckhead Village Property Property Images | 13 reception area Prime Buckhead Village Property Property Images | 14 fitness center Prime Buckhead Village Property Property Images | 15 coffee bar Prime Buckhead Village Property Property Images | 16 Kop Lounge (5 p.m. to 10 p.m.) Prime Buckhead Village Property | Demographics 03 Demographics Demographic Details Demographic Charts PRIME BUCKHEAD VILLAGE PROPERTY ................................................ Prime Buckhead Village Property Demographics | 18 POPULATION 1 MILE 3 MILE 5 MILE HOUSEHOLDS 1 MILE 3 MILE 5 MILE 2000 Population 14,256 97,106 256,381 2000 Total Housing 9,784 52,646 129,915 2010 Population 17,897 112,628 289,349 2010 Total Households 10,543 56,555 137,122 2018 Population 22,947 135,131 340,581 2018 Total Households 13,344 67,437 163,766 2023 Population 27,263 150,004 375,256 2023 Total Households 15,401 74,560 181,594 2018 African American 3,658 17,865 52,797 2018 Average Household Size 1.70 1.99 1.97 2018 American Indian 56 503 1,065 2000 Owner Occupied Housing 3,209 21,419 53,354 2018 Asian 1,832 10,240 31,697 2000 Renter Occupied Housing 5,120 26,486 66,001 2018 Hispanic 2,381 20,255 42,130 2018 Owner Occupied Housing 4,752 25,907 63,935 2018 White 15,474 92,029 224,028 2018 Renter Occupied Housing 8,592 41,530 99,830 2018 Other Race 1,211 10,154 20,243 2018 Vacant Housing 1,753 7,344 19,466 2018 Multiracial 705 4,263 10,586 2018 Total Housing 15,097 74,781 183,232 2018-2023: Population: Growth Rate 17.55 % 10.55 % 9.80 % 2023 Owner Occupied Housing 5,271 28,485 70,003 2023 Renter Occupied Housing 10,130 46,075 111,591 2018 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE 2023 Vacant Housing 1,740 7,030 19,387 less than $15,000 1,597 6,008 16,184 2023 Total Housing 17,141 81,590 200,981 $15,000-$24,999 908 3,857 10,171 2018-2023: Households: Growth Rate 14.55 % 10.15 % 10.45 % $25,000-$34,999 1,000 4,110 10,477 $35,000-$49,999 1,467 6,521 16,425 $50,000-$74,999 2,320 10,451 26,354 $75,000-$99,999 1,686 7,869 18,300 $100,000-$149,999 1,846 11,046 25,512 $150,000-$199,999 814 5,335 13,051 $200,000 or greater 1,705 12,241 27,292 Median HH Income $66,389 $82,357 $77,447 Average HH Income $104,196 $129,404 $122,442 Source: esri Prime Buckhead Village Property Demographic Charts | 19 2018 Household Income 1 Mile Radius 3 Mile Radius 5 Mile Radius 2018 Population by Race 1 Mile Radius 3 Mile Radius 5 Mile Radius Prime Buckhead Village Property Demographic Charts | 20 2018 Household Occupancy - 1 Mile Radius 2018 Household Income Average and Median Average Income Median Income Prime Buckhead Village Property CONFIDENTIALITY and DISCLAIMER The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Atlanta Fine Homes Sotheby's International Realty and it should not be made available to any other person or entity without the written consent of Atlanta Fine Homes Sotheby's International Realty. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Atlanta Fine Homes Sotheby's International Realty. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Atlanta Fine Homes Sotheby's International Realty has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
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