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MULBERRY PROPERTY 7.86 Acres | Benton Boulevard & Mulberry Boulevard, Savannah, Georgia 8 Acres William Lattimore +1 912 596 7019 [email protected] POOLER PARKWAY CBRE, Inc. 300 Drayton Street, Suite 100 Savannah, GA 31401 +1 912 228 3528

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Page 1: MULBERRY PROPERTY - LoopNet€¦ · MULBERRY PROPERTY 7.86 Acres | Benton Boulevard & Mulberry Boulevard, Savannah, Georgia 8 Acres William Lattimore +1 912 596 7019 william.lattimore@cbre.com

M U L B E R R Y P R O P E R T Y7.86 Acres | Benton Boulevard & Mulberry

Boulevard, Savannah, Georgia

8 Acres

William Lattimore +1 912 596 7019

[email protected]

POOLER PARKWAY

CBRE, Inc. 300 Drayton Street, Suite 100

Savannah, GA 31401+1 912 228 3528

Page 2: MULBERRY PROPERTY - LoopNet€¦ · MULBERRY PROPERTY 7.86 Acres | Benton Boulevard & Mulberry Boulevard, Savannah, Georgia 8 Acres William Lattimore +1 912 596 7019 william.lattimore@cbre.com

DISCLAIMERSAFFILIATED BUSINESS DISCLOSURE

CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Mwemorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

CONFIDENTIALITY AGREEMENT

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property. This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all–inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made

available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property. By accepting or accessing information applicable to the Property, the user agrees that the owner of the Property, Special Services Asset Management Company, including its affiliates, agents (collectively, the “Owner”) or CBRE, Inc. accept no responsibility for errors or omissions in any such Property related information, whether now or hereafter obtained (collectively, the “Property Information”). The Property Information is subject to errors, omissions, changes and other conditions, withdrawal without notice, and to any special listing conditions now or hereafter imposed, and is not to be relied upon without Owner’s prior written permission. Owner accepts no, and expressly disclaims any, duty to update or revise the Property Information even if it becomes aware of an inaccuracy and/or omission. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or

any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.

DISCLAIMER© 2015 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_ July2016

Page 3: MULBERRY PROPERTY - LoopNet€¦ · MULBERRY PROPERTY 7.86 Acres | Benton Boulevard & Mulberry Boulevard, Savannah, Georgia 8 Acres William Lattimore +1 912 596 7019 william.lattimore@cbre.com

M U L B E R R Y P R O P E R T Y

For Sale• 7.86 Acres (will subdivide)

• $2,947,000 or $375,000 / AC

• Zoned PUD-C (Planned Unit Development Commercial)

• Pin-corner, cleared site with existing retention pond for future use. Mulberry Boulevard is completed with lighted intersection.

• All utilities available

Page 4: MULBERRY PROPERTY - LoopNet€¦ · MULBERRY PROPERTY 7.86 Acres | Benton Boulevard & Mulberry Boulevard, Savannah, Georgia 8 Acres William Lattimore +1 912 596 7019 william.lattimore@cbre.com

Executive SummaryPrime commercial property with 1/2 mile of I-95 frontage in Pooler, GA, one of the fastest growing cities in the State of Georgia. Located within 1.5 miles of the new Tanger Outlet Mall, Gulfstream Aerospace’s Headquarters, the Savannah/Hilton Head International Airport, Crossroads Business Park (Chatham County’s largest industrial park) and Georgia Tech’s Savannah Campus. 72,000 vehicles per day on I-95; 18,000 vpd on Pooler Parkway.

The 7.86 acres has been cleared, with an existing retention pond in-place for exclusive use of the parcel (which can be relocated). Mulberry Boulevard is now completed with a lighted intersection at Benton Boulevard and Mulberry Boulevard. All wetlands work has been completed with no further action required by a buyer.

The current zoning is PUD-C, which allows office, hotel, bank and restaurant uses. Any alternate use will require an amended PUD approved by the City of Savannah.

Benton Blvd & Mulberry Blvd Demographics

3 Mile Radius

5 Mile Radius

10 mile Radius

20 Mile Radius

Population

2017 Estimated Population 17,793 37,732 124,843 403,115

2018 Projected Population 19,845 42,177 136,996 437,253

Growth 2010 - 2017 2.39% 2.30% 2.06% 1.70%

Growth 2017 - 2022 2.21% 2.25% 1.88% 1.64%

Households

2017 Estimated Households 7,177 13,697 44,384 152,415

2022 Projected Households 8,029 15,310 48,727 164,884

Growth 2010 - 2017 2.29% 2.31% 2.03% 1.55%

Growth 2017 - 2022 2.27% 2.25% 1.88% 1.59%

Income

2017 Est Median HH Income $70,181 $67,220 $54,972 $51,721

2022 Prj Median HH Income $79,653 $77,403 $61,771 $57,045

2017 Est Average HH Income $86,096 $81,740 $71,101 $69,610

2017 Est Per Capita Income $34,527 $31,493 $26,401 $27,271

Page 5: MULBERRY PROPERTY - LoopNet€¦ · MULBERRY PROPERTY 7.86 Acres | Benton Boulevard & Mulberry Boulevard, Savannah, Georgia 8 Acres William Lattimore +1 912 596 7019 william.lattimore@cbre.com

West Mulberry Rough Grading

IMPRESSIVE NEIGHBORHOOD DEMOGRAPHICS

The area surrounding the Mulberry Property exhibits impressive neighborhood demographics. Population and household growth within the Pooler submarket has been rapid, with increases of 253% and 312%, respectively, within a three-mile radius between 2000 and 2014. Average household income of the population within a one-mile radius of the Mulberry Property is $81,685, which is 28% greater than the Savannah MSA average of $63,765. Over 64% of the population within a one-mile radius of the Mulberry Property has a two year college degree or higher.

POOLER MARKET OVERVIEW

Pooler, GA is the fastest growing commercial and residential submarket on the Georgia coast, and one of Georgia’s fastest growing cities in Georgia. Over the past 24 months the city has seen over 550 new residential housing starts, over 1,200 new Multi-family units either completed or under construction. Additionally, Pooler has added over 700,000 square feet of retail space including the Tanger Outlet Mall (400,000 SF) and The Village on Pooler Parkway (170,000 SF).

Benton Blvd & Mulberry Blvd Demographics

3 Mile Radius

5 Mile Radius

10 mile Radius

20 Mile Radius

Population

2017 Estimated Population 17,793 37,732 124,843 403,115

2018 Projected Population 19,845 42,177 136,996 437,253

Growth 2010 - 2017 2.39% 2.30% 2.06% 1.70%

Growth 2017 - 2022 2.21% 2.25% 1.88% 1.64%

Households

2017 Estimated Households 7,177 13,697 44,384 152,415

2022 Projected Households 8,029 15,310 48,727 164,884

Growth 2010 - 2017 2.29% 2.31% 2.03% 1.55%

Growth 2017 - 2022 2.27% 2.25% 1.88% 1.59%

Income

2017 Est Median HH Income $70,181 $67,220 $54,972 $51,721

2022 Prj Median HH Income $79,653 $77,403 $61,771 $57,045

2017 Est Average HH Income $86,096 $81,740 $71,101 $69,610

2017 Est Per Capita Income $34,527 $31,493 $26,401 $27,271

Site

Under Contract

Page 6: MULBERRY PROPERTY - LoopNet€¦ · MULBERRY PROPERTY 7.86 Acres | Benton Boulevard & Mulberry Boulevard, Savannah, Georgia 8 Acres William Lattimore +1 912 596 7019 william.lattimore@cbre.com

CORPORATE HEADQUARTERS

Pooler is home to Gulfstream Aerospace, the world’s leading high-end corporate jet manufacturer, and JCB USA, an international earth-moving equipment manufacturer. Gulfstream, the savannah area’s largest employer, is currently in the midst of $500 Million expansion to produce the G-650, the fastest civilian jet in the world. JCB headquarters supports a network of over 100 dealers in the United States, Canada and Mexico, providing parts, training and expertise. Together the two companies have been located in the area for over 50 years and employee over 10,000 people.

THE CITY OF SAVANNAH

The Savannah area, located in coastal Chatham County, Georgia, boasts a flourishing economy balanced on a strong foundation that includes a thriving port, increasing tourism, a stabilizing manufacturing sector and significant military presence. Savannah is the hub of an 11-county labor draw area with a population of nearly 650,000, a labor pool of 330,000 and 17 institutions of higher education with over 49,000 enrolled students headlined by the Savannah College of Art and Design.

Established in 1733, the city of Savannah was the colonial capital of the Province of Georgia and later the first state capital of Georgia. Today Savannah is an industrial center and an important Atlantic seaport. It is Georgia’s fourth largest city and its third largest metropolitan area.

ECONOMY

The metropolitan Savannah area continues to advance thanks to its diverse industry mix, economy and a strong small business community that have combined to help the regional economy sustain a healthy balance and high quality of life that continues to rate among the nation’s best. The six major sectors that drive the economy are manufacturing, tourism, military, ports/logistics, health care and education. More than 350 knowledge-based businesses call Savannah home and are responsible for a payroll of more than $200 million, a number that is expected to grow significantly. Savannah’s strong and diversified manufacturing base is responsible for products ranging from cookies to corporate jets, and has a combined payroll of nearly $700 million, employing

Mulberry Reclassification

SITE

Page 7: MULBERRY PROPERTY - LoopNet€¦ · MULBERRY PROPERTY 7.86 Acres | Benton Boulevard & Mulberry Boulevard, Savannah, Georgia 8 Acres William Lattimore +1 912 596 7019 william.lattimore@cbre.com

more than 14,000 people. Manufacturing creates a $1.7 billion annual direct economic impact. The largest component of the manufacturing base is equipment construction and also includes chemical, pulp/paper and food additive manufacturing. British-owned JCB, Inc., a leading manufacturer of construction and agricultural equipment, and Gulfstream Aerospace, maker of the world’s most technologically advanced private jets, are just two internationally renowned businesses with headquarters in Savannah/Pooler.

PORT OF SAVANNAH

According to the Georgia Ports Authority, Georgia’s deep water ports and inland barge terminals support more than 352,000 jobs throughout the state annually and contribute $18.5 billion in income, $66.9 billion in sales and $2.5 billion in state and local taxes to Georgia’s economy (Selig Center, Terry College of Business, University of Georgia).

The Port of Savannah is the fastest growing port in the United States and the second largest port on the East Coast. The port serves approximately 21,000 companies in all 50 states, more than 75% of which are headquartered outside of Georgia. The exponential future growth of the Port of Savannah is primarily due to a Harbor Expansion Project, which includes dredging to 47 feet. The Project has received funding and all hurdles and has begun.

TOURISM

Savannah has a well-earned reputation as a favorite tourist destination. The distinctive style, spectacular coastal beauty, historic treasures and friendly residents are all hallmarks of this enchanting area.In 2015, over 13 million visitors came to Savannah

including 7.0 million overnight visitors and 5.3 million day-trippers. The demand for rooms increased with visitor spending increasing 7.7% to approximately $2.1 billion. The tourism industry continues to be one of the largest economic drivers of Savannah. Travel to Savannah remains strong as the readers of Travel+Leisure Magazine ranked Savannah among the “Top 10 Cities in the U.S. and Canada” and Facilities & Destinations Magazine recognized

Savannah with a “Top Destination Award.” Savannah’s tourism and hospitality industry has truly established itself as one of the region’s primary economic drivers along with the Georgia Port and a strong manufacturing and military presence. Recently named “Best Southern City” by Southern

Living Magazine, Savannah now enjoys visitors from all over the world.

HEALTHCARE

Two nationally recognized medical centers deliver top quality health care in the city: Memorial University Medical Center and the St. Joseph’s/Candler Health System. These centers and the advanced medical specialties they offer attract people from all over southeast Georgia and the southern coastal area of South Carolina to these medical facilities, which are also the top two private non-manufacturing employers in the metropolitan area. Ambulatory health care services accounted for $619 million of the

Savannah MSA’s GDP in 2007. According to the Georgia Department of Labor, the health care industry, including social assistance, employed 12 percent of the region’s workforce with 18,642 employees in 2009

WALMART

SAVANNAH AIRPORT / GULFSTREAM

HEADQUARTERS

POOLER PARKWAY

Page 8: MULBERRY PROPERTY - LoopNet€¦ · MULBERRY PROPERTY 7.86 Acres | Benton Boulevard & Mulberry Boulevard, Savannah, Georgia 8 Acres William Lattimore +1 912 596 7019 william.lattimore@cbre.com

William Lattimore +1 912 596 7019

[email protected]

Contact Us Today

M U L B E R R Y P R O P E R T Y7.86 Acres | Pooler, Georgia

CBRE, Inc.300 Drayton Street, Suite 100

Savannah, GA 31401 +1 912 228 3528