CHERRY VALLEY MANUFACTURED HOME COMMUNITYimages3.loopnet.com/d2/P8f_awkIMArweUpwIQykA8-dx4...Valley...
16
CHERRY VALLEY MANUFACTURED HOME COMMUNITY JANUARY 2018 CONFIDENTIAL EXECUTIVE OFFERING MEMORANDUM LAGRANGE, GA 30241 MAXWELL BAKER/404-442-2807/MBAKER@LEEATLANTA.COM GLENN ESTERSON/423-483-0492/[email protected] 201 REPORTER STREET
Transcript of CHERRY VALLEY MANUFACTURED HOME COMMUNITYimages3.loopnet.com/d2/P8f_awkIMArweUpwIQykA8-dx4...Valley...
CHERRY VALLEY MANUFACTURED HOME COMMUNITY
JANUARY 2018
CONFIDENTIAL EXECUTIVE OFFERING MEMORANDUM
LAGRANGE, GA 30241
MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
201 REPORTER STREET
MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/ 423-483-0492/[email protected]
TABLE OF CONTENTSOFFERING OVERVIEW• Welcome Letter
CHERRY VALLEYMANUFACTURED HOME COMMUNITY • Executive Summary• Key Considerations• Rent Roll• Investment Highlights• Property Description / Infrastructure• Financial Overview• Aerial Map• Demographics• Location Map
ADVISOR BIOS
01
03
02
WELCOME LETTERINVESTMENT OPPORTUNITYWe welcome the opportunity to provide you with our in depth overview of Cherry Valley Manufactured Home Community and its position in this current market. We will give you our honest, no holds barred assessment of this 57-unit community so you have a better understanding of how this investment currently performs, its investment potential, and what it takes to get it there.
As leading specialists in the industry, our primary interest is to give you a clear understanding of the driving forces in the current marketplace. Our evaluation is based on verifiable data, market knowledge and proven experience that we feel will serve your best interest at this time.
We invite you to thoroughly review this offering memorandum, If you have further interest, please contact us to discuss any questions you may have, as well as schedule a tour of the property.
GUIDELINES
Offers must be presented in writing and include:
• Price
• Source of capital and relevant experience
• Proposed schedule of due diligence and closing
• Amount of earnest money
• List of contingencies including committee approvals, possible 1031 exchanges, etc.
NOFFERING OVERVIEW | 3MAXWELL BAKER/404-442-2807/[email protected]
GLENN ESTERSON/423-483-0492/[email protected]
PROPERTY ADDRESS: 201 Reporter StreetLaGrange, GA 30241
PROPERTY TYPE: Manufactured Home Community
TOTAL LOTS: 56 padsplus one single family home (SFH)
VACANT PADS: 1
RENT TO OWN TENANTS: 0
LOT RENT ONLY TENANTS: 47
PARK OWNED HOMES: 8
LOT RENT: $200 PER MONTH
ACRES: ± 9.14
PRICE PER PAD: $22,807
EXECUTIVE SUMMARY
INVESTMENT OPPORTUNITY
Lee & Associates and The MHP Broker are pleased to offer the sale of Cherry Valley Manufactured Home Community in LaGrange, GA (Troup County). The park is well located less than two miles from the downtown LaGrange area and its amenities, and only one hour south of Atlanta.
This stabilized park has plenty of upside in a strong market. It contains 56 mobile home lots plus one single family home (SFH) with 47 lot-rent-only tenants each paying $200 per month. There is one vacant lot and no vacant park-owned homes (POH). Current occupancy is approximately 98%.
Cherry Valley MHC has city sewer and city water that is sub-metered and is direct billed to the tenant. There are eight POHs that are in good condition of mostly mid-1990s models. The tenant-owned units are in good condition with the majority of them being 1980s and 1990s models. The privately maintained roads are paved and in average condition as our offering price suggests. The park is NOT in a flood zone.
This park is being offered as a stabilized investment with a 7.50% CAP on current lot rent only, using a 32.5% expense ratio plus consideration for the park-owned-homes. There is an additional $19,000 of POH rental income that is not included in the CAP rate. We are asking investors for shell value only on the eight POH of $7,500 each, well below replacement cost.
We are looking for cash offers. However, CMBS debt should be available for this deal. At full price, using CMBS (5% interest, 25-year AM, 25% down) the overall Cash On Cash Return for the park is ±11%. The price per lot is less than $23,000 each and includes full infrastructure for each lot.
We are asking our investors to submit offers at or above $1,300,000 for the entire park including POH. The potential of this park, using current occupancy at 98% and only calculating the $300 Lot Rent Value and equal consideration for the POH, is $1,900,000.
CHERRY VALLEY MANUFACTURED HOME COMMUNITY | 4MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
KEY INVESTMENT CONSIDERATIONSPROPERTY ADDRESS:
# Pads: 57 PPP= $22,807.02 Seller BuyerBased on Purchase Price of List Price: $1,300,000 Current YEAR 1
Base RentPad Rents 137,400$ 137,400$ Vacant Pads at Market Rents 1 Lots / 0 POH 2,400$ 2,400$
Gross Potential Rent Income (GPRI) 139,800$ 139,800$ Reimbursements
Water Direct BillTotal Expense Reimbursement -$ -$ GROSS POTENTIAL INCOME (GPI) 139,800$ 139,800$
VACANCY 1.75% 2,400$ 2,400$
EFFECTIVE GROSS INCOME (EGI) 137,400$ 137,400$ EXPENSES:
R/E TAX Land 5,053$ 6,316$ R/E TAX POH 800$ 1,000$
INSURANCE Liability 1,200$ 1,500$ INSURANCE POH 2,400$ FLOOD INS Not in Flood Zone
MANAGEMENT PM @ 10% Dwanye and Dot 12,600$ 13,740$ PAYROLL None 2,400$ 12,000$
MAINTENANCE Park Only 2,163$ 3,300$ MAINTENANCE POH 3,163$
WATER Direct Bill Park owns linesSEWER Direct Bill Park owns linesTRASH Direct Bill Cans
ELECTRICTY Street Lights x 7 984$ 1,008$ LANDSCAPE Manager and Tenant 1,750$ LANDSCAPE Tree Removal 1,200$
OFFICE 500$ LEGAL 500$ 500$
LIC / PERMITS 500$ ROADS Private, paved - good shape, needs minimal work 1,500$
TOTAL EXPENSES 31,263$ 44,814$
NOI----------------------------------------------------------------------------------------- 106,137$ 92,586$
Cherry Valley MHP - 201 Reporter St. - LaGrange, GA 30241
INCOME & EXPENSE REPORT
OTHER INCOME (Not Capitalized Income)POH Rents 18,600$ 18,600$ POH Expense 35% -$ (6,510)$
TOTAL OTHER INCOME 18,600$ 12,090$
OPERATING CASH FLOW BEFORE DEBT 124,737$ 104,676$ Interest Rate Amort. Years Down Payment
DEBT SERVICE #1 5.000% 25 25% 68,397$ 68,397$ DEBT SERVICE #2 CMBS -$ TOTAL DEBT SERVICE------------------------------------------------------------ 68,397$ 68,397$
CASH FLOW--------------------------------------------------------------------------- 56,340$ 36,279$ PRINCIPAL REDUCTION 20,104$ 20,104$
76,444$ 56,382$
CAP RATE (NOI/PP) - LOT RENT ONLY 8.16% 7.50%COCR (CF/DP) 17.3% 11.2%EXP RATIO (EXP/EGI) 22.8% 32.6%TOTAL RETURN (CF+PRIN / DP) 23.5% 17.3%PRINCIPAL REDUCTION 20,104$ 20,104$ DCR (NOI/DS) 1.55 1.35PRICE PER PAD 22,807$ 22,807$
TOTAL PRE-TAX CASH FLOW
ADVISED PRICING Current OccupancyLOT VALUE 1,234,477$ 7.50% CAPPOH VALUE 65,000$ 3 | $8125 GRM / Per POHTOTAL VALUE 1,299,476$
PRO-FORMA VALUE 98% OccupiedLOT VALUE 1,855,258$ 7.50% CAP $300 Lot RentPOH VALUE 65,000$ 3 | $8125 GRM / Per POHTOTAL VALUE 1,920,258$ 32% Exp Ratio
CHERRY VALLEY MANUFACTURED HOME COMMUNITY | 5MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
RENT ROLLUnit Park Name Unit Type Sellers Unit # Tenant Lot Rent Home Rent Rent Annual Rent
1 Cherry Valley Lot Rent 100 Billy Harrinton 200$ ‐$ 200$ 2,400$ 2 Cherry Valley Lot Rent 101 Larry Waldrop (PM) 200$ ‐$ 200$ 2,400$ 3 Cherry Valley Lot Rent 102 Lynne Foster 200$ ‐$ 200$ 2,400$ 4 Cherry Valley Lot Rent 103 Kim Martinez 200$ ‐$ 200$ 2,400$ 5 Cherry Valley Lot Rent 104 Chris Young 200$ ‐$ 200$ 2,400$ 6 Cherry Valley Lot Rent 105 Kim Martinez 200$ ‐$ 200$ 2,400$ 7 Cherry Valley Lot Rent 107 Adrion Davis 200$ ‐$ 200$ 2,400$ 8 Cherry Valley Lot Rent 108 Amanda Bonnila 200$ ‐$ 200$ 2,400$ 9 Cherry Valley Lot Rent 109 William McCurry 200$ ‐$ 200$ 2,400$
10 Cherry Valley Lot Rent 110 Jaun Ruiz 200$ ‐$ 200$ 2,400$ 11 Cherry Valley Lot Rent 111 Walter Pruitt 200$ ‐$ 200$ 2,400$ 12 Cherry Valley Lot Rent 112 Julian Martinez 200$ ‐$ 200$ 2,400$ 13 Cherry Valley Lot Rent 113 Christina Martinez 200$ ‐$ 200$ 2,400$ 14 Cherry Valley Lot Rent 115 Damarias Cazares 200$ ‐$ 200$ 2,400$ 15 Cherry Valley Lot Rent 117 Daniel Waldrop 200$ ‐$ 200$ 2,400$ 16 Cherry Valley Lot Rent 119 Leyda Yojana 200$ ‐$ 200$ 2,400$ 17 Cherry Valley Lot Rent 121 Aldino Lavido 200$ ‐$ 200$ 2,400$ 18 Cherry Valley Lot Rent 123 Catarina Valezquez 200$ ‐$ 200$ 2,400$ 19 Cherry Valley Lot Rent 125 Hugo Guzman 200$ ‐$ 200$ 2,400$ 20 Cherry Valley Lot Rent 200 Sophia Lopez 200$ ‐$ 200$ 2,400$ 21 Cherry Valley Lot Rent 201 Hugo Guzman 200$ ‐$ 200$ 2,400$ 22 Cherry Valley Lot Rent 202 David Presley 200$ ‐$ 200$ 2,400$ 23 Cherry Valley Lot Rent 203 Julian Martinez 200$ ‐$ 200$ 2,400$ 24 Cherry Valley Lot Rent 204 John Garrett 200$ ‐$ 200$ 2,400$ 25 Cherry Valley Lot Rent 205 Julian Martinez 200$ ‐$ 200$ 2,400$ 26 Cherry Valley Lot Rent 207 Allen William 200$ ‐$ 200$ 2,400$ 27 Cherry Valley Lot Rent 208 David Mejia 200$ ‐$ 200$ 2,400$ 28 Cherry Valley POH 209 Chris Demouy 200$ 200$ 400$ 4,800$ 29 Cherry Valley Lot Rent 210 Jaun Neri 200$ ‐$ 200$ 2,400$
CHERRY VALLEY MANUFACTURED HOME COMMUNITY | 6MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
RENT ROLLUnit Park Name Unit Type Sellers Unit # Tenant Lot Rent Home Rent Rent Annual Rent
30 Cherry Valley POH 211 Fabalina lopez 200$ 200$ 400$ 4,800$ 31 Cherry Valley POH 213 Jeanie Hendrix 200$ 200$ 400$ 4,800$ 32 Cherry Valley POH 215 New Tenant 200$ 200$ 400$ 4,800$ 33 Cherry Valley Lot Rent 217 Anna Martinez 200$ -$ 200$ 2,400$ 34 Cherry Valley Lot Rent 219 Billy Payne 200$ -$ 200$ 2,400$ 35 Cherry Valley Lot Rent 222 Billy Spradlin 200$ -$ 200$ 2,400$ 36 Cherry Valley Lot Rent 223 Hilario Escobido 200$ -$ 200$ 2,400$ 37 Cherry Valley POH 224 New Tenant 200$ 200$ 400$ 4,800$ 38 Cherry Valley Lot Rent 225 Kim Martinez 200$ -$ 200$ 2,400$ 39 Cherry Valley Lot Rent 226 Marybell Jesus 200$ -$ 200$ 2,400$ 40 Cherry Valley Lot Rent 227 Milton Herrera 200$ 200$ 2,400$ 41 Cherry Valley Lot Rent 228 Olga Herrera 200$ -$ 200$ 2,400$ 42 Cherry Valley Lot Rent 229 Grizzelda Herrera 200$ -$ 200$ 2,400$ 43 Cherry Valley Lot Rent 230 Rudy Ruso 200$ -$ 200$ 2,400$ 44 Cherry Valley Vacant Lot 231 EMPTY LOT ‐$ -$ -$ -$ 45 Cherry Valley Lot Rent 233 Jaun Carlos 200$ -$ 200$ 2,400$ 46 Cherry Valley POH 235 Sarah Bell 200$ 200$ 400$ 4,800$ 47 Cherry Valley Lot Rent 237 William Herrera 200$ -$ 200$ 2,400$ 48 Cherry Valley Lot Rent 239 Dorian Lopez 200$ -$ 200$ 2,400$ 49 Cherry Valley Lot Rent 241 Cody Garner 200$ -$ 200$ 2,400$ 50 Cherry Valley POH 243 Yuri Morales 200$ 200$ 400$ 4,800$ 51 Cherry Valley Lot Rent 204 Julian Martinez 200$ -$ 200$ 2,400$ 52 Cherry Valley Lot Rent 205 Omar Mendoza 200$ -$ 200$ 2,400$ 53 Cherry Valley Lot Rent 206 Hugo Guzman 200$ -$ 200$ 2,400$ 54 Cherry Valley POH 207 Chris Booker 200$ 150$ 350$ 4,200$ 55 Cherry Valley Lot Rent 208 Joseph Rogers 200$ 200$ 2,400$ 56 Cherry Valley Lot Rent 210 Teresa Martin 200$ -$ 200$ 2,400$ 57 Cherry Valley SFH 922 Olga Lopez 450$ -$ 450$ 5,400$
CHERRY VALLEY MANUFACTURED HOME COMMUNITY | 7MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
INVESTMENT HIGHLIGHTS
• Stabilized Park with Motivated Seller• Atlanta Market (One Hour South)• 7.50% CAP on Lot Rent with 32.5% Expense Ratio• Below Market Rents; Can Be Increased Immediately• Direct Billed City Water and Sewer• Direct Bill Trash• 8 POH - $7,500 Shell Value• Price Per Lot = $22,807
• Park could use landscaping improvements• Homes are 1990s models; some may need
renovations
KNOWN ISSUES
CHERRY VALLEY MANUFACTURED HOME COMMUNITY | 8MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
THE OFFERING
PROPERTY ADDRESS: 201 Reporter StreetLaGrange, GA 30241
COUNTY: Troup
PARCEL NUMBER: 050-3A-006-027
SITE DESCRIPTION
# OF PADS: 56 padsplus one single family home (SFH)
TOTAL LAND AREA: ± 9.14 acres
CURRENT OCCUPANCY: 98%
ZONING: R2
MECHANICAL
WATER/SEWER: City Water and Sewer - Direct Bill
ELECTRIC: 100 / 200 AMP
PROPERTY DESCRIPTION / INFRASTRUCTURE
Cherry Hill MHC is located in LaGrange, GA (Troup County), with more than 925,000 people living within a 45-minute drive of downtown LaGrange. Positioned at the intersection I-85 and I-185, the city is less than an hour from the world’s busiest airport, Hartsfield-Jackson Atlanta International. LaGrange is a regional hub for advance manufacturing with a great job base and adundant infrastructure of water, sewer, natural gas and electricity to support growth and expansion needs for business.
Troup County is home to more Fortune 500 regional sites per capita than anywhere in the U.S. including a Walmart distribution center, Procter & Gamble Duracell, UPS distribution center, Caterpillar, Kimberly-Clark Corporation, and Kia Motor Company’s $1-billion manufacturing plant employing more than 3,000 associates.
The area also boasts great recreational and tourist activities. West Point Lake, famous for its large-mouth bass fishing, is a 26,000-acre reservoir with 525 miles of shoreline. The small-town community has big city amenities with its own symphony, ballet, theatre companies, history and art museums.
INFRASTRUCTURE Cherry Valley MHPNumber of Spaces 57Number of Park‐Owned 8Vacant Pads 1Number of Vacant Park‐Owned 0Single Family Homes 1Double‐Wide Homes N/ANumber of Lot Renters 47Homes Used for Storage 0
Road Type PavedFlood Plane NoTopography FlatParking Spaces 2/1Mowing Responsibilities Mang. & TenantOther Amenities N/A
CHERRY VALLEY MANUFACTURED HOME COMMUNITY | 9MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
LOT RENT: $200 PER MONTH
PARK-OWNED HOMES: 8
TOTAL PRICE: $1,300,000
DOWN PAYMENT: 25% / $325,000
TOTAL PADS: 57
PRICE PER PAD: $22,807
PARCEL SIZE: ± 9.14 acres
FINANCIAL OVERVIEW
CHERRY VALLEY MANUFACTURED HOME COMMUNITY | 10MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
AERIAL
CHERRY VALLEY MANUFACTURED HOME COMMUNITY | 11MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
DEMOGRAPHICS1 MILE 3 MILES 5 MILES
POPULATION
2022 PROJECTION 5,982 31,223 39,788
2017 ESTIMATE 5,839 30,400 38,800
2010 CENSUS POPULATION 5,882 28,984 37,074
HOUSEHOLDS
2022 HH PROJECTION 2,352 12,270 15,338
2017 HH ESTIMATE 2,278 11,841 14,818
2010 HH CENSUS 2,232 10,969 13,783
2017 ESTIMATED POPULATION BY RACE
WHITE 31.7% 42.6% 46.6%
BLACK OR AFRICAN AMERICAN 60.7% 49.3% 45.7%
OTHER 7.6% 8.1% 7.7%
INCOME
2017 ESTIMATED AVERAGE HH INCOME $46,568 $53,820 $55,718
2017 ESTIMATED MEDIAN HH INCOME $30,855 $39,171 $41,288
2017 ESTIMATED PER CAPITA INCOME $18,334 $21,131 $21,682
AGE
MEDIAN AGE 32.1 32.5 33.3
CHERRY VALLEY MANUFACTURED HOME COMMUNITY | 12MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
LOCATION, SCHOOLS, WALMART & MHP SUPPLY
CHERRY VALLEY MANUFACTURED HOME COMMUNITY | 13MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
Maxwell R. Baker joined Lee & Associates in 2014 as a commercial real estate broker specializing in purchasing and sellingmobile home communities in the Southeast. His family has been involved with mobile home parks for more than 15 years,and he has been a part of management, rehabilitation, and disposing mobile home parks since his family purchased theirfirst park. Max is also Founder and President of The MHP Broker offering mobile home park owners and investors brokerageservices, free mobile home park analyses, in-depth market research, and mobile home park financing consultation.
In 2014 and 2015, Max completed approximately 80% of all Georgia manufactured home community transactions andhas also closed transactions in other Southeast states including Tennessee, Alabama, North Carolina, South Carolinaand Florida. Max's core competencies include structuring and negotiating complicated transactions, owner financing,research and outsourcing, and his "deal-making" capabilities.
Max, along with his expert team of researchers, compile and maintain the industryÕs most comprehensive database ofmobile home community data in the Southeast. Max and The MHP Broker are recognized as a trusted advisor in this rapidlygrowing multifamily, affordable housing sector.
¥ Georgia State University - B.A. Real Estate¥ United States Marine Corps
¥ Atlanta Commercial Board of Realtors¥ Real Estate Broker - Georgia¥ Georgia Manufactured Housing Association (GMHA) member¥ Southeast Community Owners (SECO) member
Biography
Education
Memberships & Associations
3500 Lenox RoadSuite 200Atlanta, GA 30326
Partial Client ListBeal BankColony CapitalMarket Street CapitalAffordable Housing Communities Inc. Capital Square Holdings LLCThe Reach GroupMidland Loan ServicesHartman Wright Group, LLC Affordable Communities Group, LLC
PrincipalMAXWELL BAKER
ADVISOR BIO // MOBILE HOME PARKS
ADVISOR BIO - MAXWELL BAKER
ADVISOR BIOS| 14MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
Glenn Esterson is a Senior Director with Lee & Associates, specializing in investment grade mobile home communities.During his fifteen years in the commercial real estate business, Mr. Esterson has successfully owned and operated mobilehome parks as well as assisting his clients in the sales, leasing and management of mobile home communities throughoutthe southeastern U.S. markets.
Early in his career, Mr. Esterson was working on apartment sales, condo-conversions and property management. Fromthere, Mr. Esterson transitioned into investment sales of multi-tenanted small business parks throughout the Southeast andmid-Atlantic. He and his team has transacted in nearly every southeastern state and holds multiple real estate licenses.
Mr. Esterson works exclusively with private investors as their primary real estate investment advisor for their acquisition anddisposition needs. Mr. Esterson provides clients with expertise in asset management, portfolio analysis, site selection, leaseadvisory and consulting. Mr. Esterson has executed over 200 sale or lease transactions over his career with a transactionalvolume in excess of $100 million.
¥ 2016-Present Lee & Associates, Atlanta - Senior Director Mobile Home Communities¥ 2013-2016 Marcus & Millichap, National Office & Industrial Properties Group¥ 2003-2013 Esterson Management Solutions, Inc. Ð Founding Member¥ 2001-2005 American Commercial Properties, Director of Multi-Family Investment
¥ Sierra Nevada CollegeBachelor of Arts
Profile
Experience
Education
3500 Lenox RoadSuite 200Atlanta, GA 30326
T 404.442.2825C [email protected]
Senior DirectorGLENN ESTERSON
ADVISOR BIO // MOBILE HOME PARKS
ADVISOR BIO - GLENN ESTERSON
ADVISOR BIOS| 15MAXWELL BAKER/404-442-2807/[email protected] ESTERSON/423-483-0492/[email protected]
The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Lee & Associates and should not be made available to any other person or entity without the written consent of Lee & Associates. This Marketing Brochure has been prepared to provide summary, unverified 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. Lee & Associates 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, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Lee & Associates has not verified, and will not verify, any of the information contained herein, nor has Lee & Associates conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
NON-ENDORSEMENT NOTICELee & Associates is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Lee & Associates, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Lee & Associates, and is solely included for the purpose of providing tenant lessee information.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE LEE & ASSOCIATES AGENT FOR MORE DETAILS.
EXCLUSIVELY LISTEDBIRMINAAL
MAXWELL BAKER / PRINCIPALPHONE: 404.442.2807 | [email protected] & ASSOCIATES | ATLANTA 3500 LENOX ROAD, SUITE 200 | ATLANTA, GA 30326
