Offering Memorandum 102,100 SF OFFICE & FLEX PROPERTY in MACON with 48,400 SF of TURN KEY READY OFFICE TABLE of CONTENTS
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Offering Memorandum 102,100 SF OFFICE & FLEX PROPERTY IN MACON WITH 48,400 SF OF TURN KEY READY OFFICE TABLE OF CONTENTS EXECUTIVE SUMMARY 4 Will YWill Youngoung PROPERTY INFORMATION 5 PrPresidenesident, Nat, NationalRtional ReettailGrail Groupoup PHOTOS 6 WYWYoung@[email protected] FLOOR PLANS 10 404-876-1640 x141 SITE PLAN 12 ABOUT THE AREA 14 Joe MitJoe Mitchellchell VV.P.P. Na. NationalRtional ReettailGrail Groupoup IN THE AREA 15 Joe.MitJoe.Mitchell@[email protected] OPPORTUNITY ZONE 18 404-876-1640 x185 ABOUT THE AREA 19 BROKER PROFILES 24 Bull RBull Realtyealty, Inc., Inc. DISCLAIMER 25 50 Glenlak50 Glenlake Pe Parkwarkwaayy, Suit, Suite 600e 600 AAtlantlantta, GA 30328a, 30328 BullRealty.com Exclusively listed by Bull Realty, Inc. Page 2 of 25 TOURISMPROPERTY OVERVIEW EXECUTIVE SUMMARY OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON PRPROPEROPERTY OTY OVERVERVIEWVIEW INVEINVESSTMENTTMENT HIGHLIGHTHIGHLIGHTSS 1901 Paul Walsh Drive is located in a Qualified Federal Opportunity Zone in Macon, • ± 102,098 SF Turn-Key Office and Flex property Georgia and consist of high-end office space & flex space. The office portion was built out and occupied by a national technical college which focused on training medical • ± 18.25 Acres which may be subdivided professionals at this location. The improvement is 102,098 SF total and consist of 48,400 • Located in a Federal Opportunity Zone SF of finished and furnished office space which includes fully furnished administrative offices, class rooms, labs which were fully renovated in 2014. The remaining 53,698 SFis • 545 parking spaces 10.00/1,000 SF "grey box" flex space with 20' ceilings that is suitable for a variety of uses including • 22,500 vehicles per day traffic counts on Eisenhower Pkwy manufacturing and distribution. • Located 1.5 miles from Interstate 75 Considering the properties position in an Opportunity Zone which is easily accessible • Good visibility and easy access from Eisenhower Pkwy from I-75 and I-475. The subject is situated ±18.25 acres and has excess land that provides ample parking and room for expansion. Nearby colleges and universities • Also available for lease at a negotiable rate include Mercer, Middle Georgia State University, Wesleyan College, and Central Georgia • Perfect for a Medical Equipment and Drug Manufacturing Facility Technical College. This property is a perfect fit for any business looking to take advantage of the tax benefits of operating in an opportunity zone and needs fully finished high-end office and flex space. PRICE | $4,900,000 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 4 of 25 PROPERTY INFORMATION OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON PrProperty Addroperty Address:ess: 1901 Paul Walsh Drive, Macon, GA 31206 CounCounty:ty: Bibb TTototalal Building SizSize:e: ± 102,098 SF FF&E:FF&E: The office space is fully furnished SitSite Size Size:e: ± 18.25 Acres (includes room for expansion) ZZoning:oning: C2 (allows for a variety of commercial uses) YYear Built/Rear Built/Renoenovvaatted:ed: 1998/2014 RRenoenovvaations:tions: 48,400 SF of office renovated in 2014 2-year old TPO rubber-membrane roof 2017 HVAC systems servicing 48,400 SF Number Of StStories:ories: 1 PParkingarking Spaces: 545 Surface parking spaces PParking Raarking Ratio:tio: 10.00/1,000 SF TTrraaffic Counffic Counts:ts: 22,500 VPD FFederederalal Opportunity ZZone:one: Yes Occupancy:Occupancy: Vacant TTototalal Sale Price: $4,900,000 TTurn-kurn-keey Ry Ready Space:eady Space: 48,400 SF ($94.05/SF) GrGreey Boy Box:x: 43,698 SF ($24.68/SF) 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 5 of 25 ADMINISTRATION OFFICES AND CLASSROOMS OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 6 of 25 ADMINISTRATION OFFICES AND CLASSROOMS OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 7 of 25 MEDICAL AND PHARMACEUTICAL LABS 102,100 SF OFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON WITH 48,400 SF OF TURN-KEY REREADADY OFFICEY OFFICE 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 8 of 25 COMPUTER & MEDICAL LAB ROOMS OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 9 of 25 FLOOR PLANS OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 10 of 25 FLOOR PLANS 102,100 SF OFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON WITH 48,400 SF OF TURN-KEY REREADADY OFFICEY OFFICE 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 11 of 25 SITE PLAN OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 12 of 25 SITE PLAN OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 13 of 25 TOURISMABOUT THE AREA IN THE AREA OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 15 of 25 IN THE AREA OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 16 of 25 IN THE AREA OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON MERMERCERCER UNIVERUNIVERSITYSITY NORNORTH MATH MACCON PLAZON PLAZAA 1 Mercer University is a private, faith-based institution in the A new 166,465 SF mixed-use shopping center is 4 South with three campuses in Atlanta, Macon and Savannah currently in development and scheduled to be opened Georiga. With over 8,600 students actively enrolled in over in late 2019. The anticipated tenants include 12 schools, the University offers its students a rich Christian Homegoods, Michaels, Beall’s Outlet, Old Navy, Five experience. The University offers programs ranging from associates to doctorate and specializes in academic Below, Famous Footwear and Lifeway Christian research. The school has been an active partner in Resources. The shopping center will be located off I-75 rebuilding Macon and is located less than 5 miles from the and Bass Road. property. RROBINSOBINS AIR FFORORCE BCE BASEASE HAHAY HOUSEY HOUSE 2 The Robins Air Force Base in neighboring Hidden within Macon’s boundaries is a beautiful 5 Warner-Robins is one of the state’s largest employers 18,000 SF, Italian Renaissance Revival mansion named and most influential demand drivers. The base has the Hay House. The property was built in the been standing since WW2 and serves as a major air mid-1800s amidst the civil war and has withstood the force command with over 23,000 personnel. The base test of time. The magnificent mansion attracts has announced it will be adding 1,200 new jobs by the thousands of visitors annually to marvel at the end of 2019 including a new drone division. extravagant finishes and architecture. THE SHOPPESHOPPES AS ATT RIVER CRCROSSINGOSSING CHERRCHERRY BLY BLOSSOMOSSOM FEFESSTIVTIVALAL 3 The Shoppes at River Crossing is a 750,000 square foot The Cherry Blossom Festival allows all to enjoy the 6 open-air shopping, dining and entertainment destination beauty of more than 300,000 Yoshino cherry trees in located at the intersection of I-75 and Riverside Drive in full bloom - the most in the world. Annually thousands Macon. The open-air center is anchored by two department of tourist come to "Eat, Drink, Be Cherry" and "Think stores; five mid-size anchor stores; numerous sit-down restaurants and more than 40 specialty retailers. Shopping, Pink" while joining in the celebration with events, dining or just people-watching is easy to do at The Shoppes concerts, exhibits, outdoor fair, arts and crafts, food at River Crossing. and more. 102,100 SF Office & Flex Property In Macon With 48,400 SF Of Turn-Key Ready Office | Page 17 of 25 OPPORTUNITY ZONE OPPOROPPORTUNITYTUNITY ZZONEONEOFFICEOFFICE & FLEX PRPROPEROPERTYTY IN MAMACCONON OPPORTUNITY ZONE INVESTMENT OVERVIEW Qualified Opportunity Zone (QOZ) Investment: A QOZ investment allows for the reduction of deferred gains from the sale or exchange of prior investments. QOZ investments maintained for at least five years by the end of 2026 will qualify for a 10% reduction of deferred capital gains tax liability (for the original capital gain). If the gain has been invested in an opportunity fund for seven years by the end of 2026, the tax liability on the original gain is reduced by 15%. If held for 10 years, the gains are 100% untaxable. Investors will not have to pay any capital gains. BENEFITS TO TENANTS Investors in Qualified Opportunity Funds can achieve significant tax benefits for equity investments, including tax deferral and permanent tax reduction. To remain certified as a Qualified Opportunity Fund, the Fund must hold at least 90% of its assets in Qualified Opportunity Zone property. Such property includes certain Learn more here: