93.18 Acres | Fulton County, GA EXCLUSIVE OFFERING 93.18 Acres Kimberly Rd SW FULTON COUNTY | GEORGIA Disclosure / Confidentiality Statement The material contained in this Offering Memorandum is confidential, furnished solely for the purpose of considering the acquisition of 93.18 acres in Fulton 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 warran- ty 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. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concern- ing the Property, including such engineering inspections as they deem necessary to determine the condition of the Property. Ackerman & Co. and Pioneer Land Group represents 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 T. Speros Kyle Gable Senior Vice President Office: (770) 225-0718 Direct: (770) 913-3910 Fax: (770) 225-0718 Fax: (770) 913-3965 Cell: (404) 867-3332 Cell: (404) 578-7033 E-Mail: [email protected] E-Mail: [email protected] TABLE OF CONTENTS 1) Executive Summary 93.18 Acres 2) Property Description Kimberly Rd 3) Market Overview 93.18 Acres | Fulton County, GA EXECUTIVE SUMMARY Ackerman & Co. and Pioneer Land Group is pleased to present 93.18 acres located NW from the I-285/ Cascade Road intersection in Fulton County, Georgia (“The Property”). The Property has the following attributes: The property offers the following attributes: Excellent location with convenient access to Interstate 285, Interstate 85, and Downtown Atlanta. Located less than eight miles from Hartsfield-Jackson International Airport, the world’s busiest airport that employs more than 55,000 people. Easy access to more than 1.2 million square feet of retail, restaurants and other commercial amenities along the Camp Creek Parkway commercial corridor and Cascade Road corridor. In 2015, the South Fulton Housing Market (South of I-20) had sales of 743 newly constructed single family detached houses, representing a 29% increase from 2014. The average price of these houses was $224,000. The Property is zoned PDH (Single-Family or Multi-Family) in the City of Atlanta. The Property has been planned 248 single family detached lots in five different entrances/subdivisions. With five different entrances/subdivision this will allow a developer/builder to phase the development over a number of years and have distinguished price points to increase absorption. 93.18 Acres | Fulton County, GA PROPERTY DESCRIPTION The 93.18 Acres is located approximately 1 mile north of Campbellton Rd SW Highway 166. The Tract is 4 miles from Camp Creek Pkwy SW and 1.5 miles from Interstate 285. Approximate address is 1785 Kimberly Rd SW, Atlanta GA 30331 93.18 Acres | Fulton County, GA Mid Altitude Aerial 93.18 Acres | Fulton County, GA Survey 93.18 Acres | Fulton County, GA Site Plan 93.18 Acres | Fulton County, GA Zoning: PDH (Single-Family or Multi-Family); City of Atlanta School System: Fickett Elementary Johnson Bunche Middle Therrell High Utilities: Land is served by public water and sewer systems. Subject to independent verification. Road Frontage: The property has over 4,000 feet of paved road frontage on Kimberly Road and Melvin Road. Price: $2,329,500 ($25,000 per acre) 93.18 Acres | Fulton County, GA MARKET OVERVIEW New Housing Statistics From 2005-2007, the height of the housing market, S Fulton captured between 9-10% of all SFD new house in Metro Atlanta. Only Gwinnett County captured more total percentage of closing during this time. For 2015, S Fulton was captured the 5th highest amount of sales in Metro Atlanta behind Gwinnett, Forsyth, Cherokee, and Cobb. The housing sales increase 28 % from 2014 to 2015. Below is the resale market data for houses built since 2005 and new sales. Below is the resale market data for houses built since 2005 and new sales (in S Fulton outside of 285). NUMBER OF AVERAGE YEAR AGE TYPE SALES SALES PRICE 2013 2005+ Resale 1006 $143,000 2014 2005+ Resale 709 $177,000 2015 2005+ Resale 793 $191,000 Below is the new construction housing data (detached homes) for S Fulton County. NUMBER OF AVERAGE YEAR TYPE SALES SALES PRICE 2013 New 472 $229,000 2014 New 574 $231,000 2015 New 743 $223,000 .