Mixed-Use Investment in the Heart of Midtown 1134 Crescent Ave NE

Investment Highlights

Irreplaceable in-fill location in the heart of Midtown | Assumable Loan at 70% LTV at 5.99% interest only fixed until October 2027 Corner location with excellent visibility | Ideal Airbnb location | Recently renovated throughout The property benefits from its access to major thoroughfares including I-75, I-85 and Georgia State Route 400 Proforma NOI $812,761 | Mixed-use including both multifamily and highly desirable retail space Street-level ATM provides great passive income | Very strong rental demand for both multifamily and retail Walking distance to several popular restaurants, nightlife and entertainment including Colony Square, Joy Cafe, STK, Lure, Publico and more

Executive Summary

Recently renovated, mixed-use investment property in the heart of Midtown, Atlanta. This unparalleled location offers the best of what Midtown has to offer, surrounded and within walking distance to popular shops, restaurants, museums, parks and nightlife destinations. The building consists of 14 multifamily units on the upper two levels with 2 retail tenants on the ground and basement levels. This prime corner in-fill site is surrounded by several new high-rise developments, including the proposed Midtown Exchange development, making this one of the last remaining future potential redevelopment assemblage opportunities around. The 14 multifamily units were recently renovated throughout and are being rented as fully furnished apartments. The unit mix consists of (8) 1 bedroom/1 bath units and (6) studios. All units are furnished with modern style d?cor and in-unit laundry making them very desirable in this highly sought after intown location.The two lower-level tenants include Fin & Feathers Restaurant on the ground level and Embr Lounge below it. There is also a street-level ATM machine that provides great passive income. Both tenants just recently renovated their spaces and have NNN lease structures ending in October 2031 and January 2030 respectively, both with renewal options. This is one of six locations for Fin & Feathers and one of several locations for the operator of EMBR lounge, with both tenants having long term franchise ambitions. This offering is subject to assumable debt with a new buyer/owner qualifying to assume the current loan on the property. See page 7 of OM for further details.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    16,918
• Year Built/Renovated    1960/2020
• Price    12,000,000
• Price Per SF    709
• Tenancy    Multiple
• Building Height    4 Stories
• Building FAR    2.43
• Land Acres    0.16 AC

• Corner Lot
• Restaurant