Mixed Use Development Opportunity +/- 5 Acres Atlanta, Georgia P of 10
Table of Contents For more information, please contact: Danny Glusman Associate Broker (404) 876-1640 x 116 DGlusman@BullRealty.com Executive Summary Retail Aerial View Location Maps Demographics & Traffic Count Sold Comparables About The Area Broker Profile 3 4 5 6 7 9 10 Bull Realty, Inc. 50 Glenlake Parkway Suite 600 Atlanta, GA 30328 www.bullrealty.com P 2 of 10
Executive Summary Property Address County Zoning 1705 Highway 138 Riverdale, GA 30296 Clayton Commercial/Mixed Use 2014 taxes $2,785.69 Lot Size +/- 5 acres (+/- 217,800 sq ft) Frontage 320 feet on Highway 138 Property Usage Sale Price office/restaurant/retail store $300,000 ($60,000/acre) P 3 of 10
Retail Aerial View Subject Property P 4 of 10 Representative Information contained Photo herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
Location Maps P 5 of 10 Representative Information contained Photo herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
Demographics & Traffic Count 2015 Demographics (Esri) 1 mile Population 4,321 Households 1,563 Average Household Income $63,507 3 miles Population 54,574 Households 19,734 Average Household Income $57,136 5 miles Population 157,933 Households 57,568 Average Household Income $50,438 Traffic Count Average vehicles per day +/- 18,500 P 6 of 10
Sold Comparables (1 of 2) Street Address City Lot Size (Acre) Sold Price Price/sq ft Sold Date Page # 1705 Highway 138 Riverdale 5 $1.37 8 1 50 Highway 138 Riverdale 8.73 $1,650,100 $4.33 10/8/2014 8 2 1807 Highway 85 Fayetteville 4.37 $252,000 $1.32 9/2013 8 3 7510 Westbridge Road Fairburn 2.50 $140,000 $1.28 4/18/2014 8 P 7 of 10
Sold Comparables (2 of 2) Address Size 1705 Highway 138, Riverdale, GA 30296 5 Acres Sale Price $300,000 Comments Excellent location Attractively priced 2 Address Size 1807 Highway 85, Fayetteville, GA 30214 4.37 Acres Sold Price $252,000 Sold Date 9/2013 Comments Location subpar 50 Highway 138, 1 Address 3 Riverdale, GA 30274 Address Size 8.73 Acres Sold Price $1,650,100 Sold Date 10/8/2014 Comments Larger parcel relative to subject 7510 Westbridge Road, Fairburn, GA 30213 Size 2.50 Sold Price $140,000 Sold Date 4/18/2014 Comments Poor highway egress/ingress P 8 of 10
About The Area Riverdale is located in the "Southern Crescent" of Clayton County, approximately 10 miles south of Atlanta. The City is only 5 miles south of Atlanta's Hartsfield- Jackson International Airport, one the nation's busiest airports Riverdale has a population of over 14,000 and is the second largest city (population) in Clayton County. The City is governed by a Mayor and 4 Council members. Each council member represents the entire city and are elected at-large, though they hail from one of the four wards that divide the city. The Mayor and Council appoint a City Manager, who has oversight over 5 departments. Hartsfield-Jackson Atlanta International Airport is located seven miles south of the central business district of Atlanta, Georgia, United States. It has been the world's busiest airport by passenger traffic since 1998, and by number of landings and take-offs since 2005. Hartsfield Jackson held its ranking as the world's busiest airport in 2012, both in passengers and number of flights, by accommodating 95 million passengers (more than 260,000 passengers daily) and 950,119 flights. Many of the nearly one million flights are domestic flights from within the United States, where Atlanta serves as a major hub for travel throughout the Southeastern United States. The airport has 207 domestic and international gates. Hartsfield Jackson International Airport is a focus city for Southwest Airlines and is the primary hub of Delta Air Lines and Delta Connection partner ExpressJet; at nearly 1,000 flights a day, the Delta hub is the world's largest airline hub. Delta Air Lines flew 59.01% of passengers from the airport in February 2011, AirTran flew 17.76%, and ExpressJet flew 13.86%. In addition to hosting Delta's corporate headquarters, Hartsfield-Jackson is also the home of Delta's Technical Operations Center, which is the airline's primary maintenance, repair and overhaul arm. The airport has international service to North America, South America, Central America, Europe, Asia, and Africa. As an international gateway to the United States, Hartsfield Jackson ranks seventh. P 9 of 10
Broker Profile DANNY GLUSMAN Mr. Glusman is an Associate Broker at Bull Realty, where he focuses on representing multi-family property developers and institutional multi family investors. Mr. Glusman applies an integrated business approach that combines site knowledge and investment consulting with exceptional marketing savvy and insight. His primary focus is on serving the multi-family market throughout the Southeast. Prior to joining Bull Realty, Mr. Glusman was the lead project manager for a boutique Atlanta developer. He managed a portfolio valued over $120 million, which included 600 residential units, 400,000 square feet of office space and 25 single tenant hospitality properties. Mr. Glusman also managed projects that included condominium conversion, tenant negotiations, construction management, zoning entitlements, design consultation, hotel design, disposition consulting as well as managing the marketing and social media for the firm. Mr. Glusman graduated from Georgia State University with a B.A. in Marketing. He lives in Atlanta with his wife and their four children. Danny Glusman Associate Broker (404) 876-1640 x 116 DGlusman@BullRealty.com Bull Realty is a U.S. commercial real estate sales, leasing and advisory firm headquartered in Atlanta. The firm was founded in 1998 with two primary missions: grow a company of brokers known for integrity, and provide the best disposition marketing in the nation. Commercial real estate services include acquisition, disposition, project leasing, tenant representation and advisory services. Areas of expertise include office, retail, industrial, multifamily, land, healthcare, single tenant net lease, special asset, self-storage, and automotive properties. Disposition services for appropriate properties can include exposure on up to 415 websites, 17 marketing systems and 4 to 6 e- marketing systems. Additional disposition and lease marketing services may include video, social media, auctions and national radio exposure. The firm hosts the Commercial Real Estate Show, a nationally syndicated talk show about commercial real estate. The weekly show has been on the air for over 4 years. The show is nationally syndicated on 40+ radio stations and is available on itunes and the show website CREshow.com. Bull Realty is licensed in nine southeast states and works with affiliates from all over the country. P 10 of 10