Auction - Three New Office Buildings

Auction - Three New Office Buildings
960 Woodstock Parkway 970 & 980 Woodstock Parkway Woodstock, GA 30189
Listing Type :	For Sale
Property Type:	Office
Subtype:	Office Building
Sale Price :	Confidential
Building Size:	59,199 Sq Ft
Lot Size:	6.0 Acres
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Updated Wednesday, February 03, 2010

Property Description AUCTION LOCATION: The auction will be held at John Dixon & Associates’ auction facility at 200 Cobb Parkway North, Suite 118, Marietta, Georgia on Thursday, January 21 at 2:00 p.m. Three newly developed three-story multi-tenant office buildings; slab on grade; fieldstone and face brick exterior walls with interior wood frame backed with plywood; roofs are hip with architectural asphalt shingles; typical office finish assumed with commercial grade carpet, sheetrock insulated walls and suspended ceiling; forced heat and central air conditioning; surface asphalt parking and good quality landscaping. The site is improved with an office complex consisting of three buildings and related site improvements completed in January 2009 which still require tenant improvements. The three buildings are near identical, each containing the same building gross areas. We were furnished square foot calculations by representatives of the owner, and these calculations were verified by on-site measurements. The gross and rentable areas are 57,933 and 55,287 square feet, respectively. Based on the information furnished to the appraisers, as well as discussion with on-site personnel, construction details are summarized: Foundation/Floors: Reinforced concrete slab floor at grade; concrete perimeter footings; upper floors are concrete over metal decking. Frame: Structural steel interior frame with wood frame exterior walls. Exterior Walls: First level is fieldstone over plywood backup; upper levels are brick over plywood backup. Roof: Hip design, with architectural asphalt shingles over wood deck; gutters and downspouts. Windows: Tempered fixed double pane in anodized frames. Doors: Exterior doors are tempered glass in anodized frames; solid core wood interior doors. HVAC: Electric with central heat and air conditioning, zoned for each floor. Plumbing/Electrical: Building wired for data and security and is sprinkler protected. Parking: Asphalt paved parking, striped for 184 vehicles. For More Details: http://www.johndixon.com/auctiondetails.asp?id=158

Location Description East side of Woodstock Parkway which parallels Interstate I-575; situated approximately 0.63 miles north of Towne Lake Parkway; District 15, Section 2; Land Lots 927 and 946; Woodstock, Cherokee County, Georgia

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Updated Wednesday, February 03, 2010

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	1 Mile	5 Miles
Population
Total Population:	5,939	131,486
Population Density:	5,939/sq mi	5,259/sq mi
Households
Total Households:	1,945	46,605
Average Size:	3.05	2.82
Income/Age/Gender
Average Income:	$62,883.00	$57,807.00
Average Age:	26.1 years	26.9 years
Male/Female Ratio:	50.7 M / 49.3 F	49.9 M / 50.1 F
Housing
Total Housing Units:	2,013	48,782
Occupied Housing:	1,945 (97%)	46,605 (96%)
Vacant Housing:	68 (3%)	2,177 (4%)