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Brian Patton, CCIM
(770) 634-4848
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Motivated Sellers - Estate owned, Short sales, and Foreclosures
We have five new day care centers available...in Lawrenceville, Lithonia, Braselton, Covington, & Madison...
Reply for more info.
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Five Acre Land deal in Alpharetta
Office with frontage on Hwy. 9 and Campground Road
- VERY MOTIVATED SELLER
- Alpharetta address with Forsyth county taxes
- 4990 Highway 9
- 5 acres with office zoned CBD
- Former home of Landscape supply
- Perfect for contractor, auto sales, etc.
- Make an offer
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Braselton Day Care Center
Bank-owned
- Immediately off of I-85 in Braselton
- New Day Care Center for Sale
- +/- 13,488 sf Day Care
- +/- 16,000 sf Gymnasium
- +/- 2,500 sf Pre-K Building
- Swimming Pool
- Ready for Day Care (existing furnishings)
- OR, medical office space, athletic facility, church, funeral home, etc.
- Asking $1,750,000
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Lawrenceville Day Care Center
1920 Old Peachtree Road
MUST SELL
- New Day Care Center for Sale - built in 2003
- +/- 11,050 square feet on 1.97 ac
- Fenced with play equipment
- All brick
- Ready for Day Care
- OR, medical office space, private school, church, funeral home, etc.
- Asking $999k
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Short Sale
Apartment re-conversion
- 26 units - 3 blocks from Grant Park
- Near Jackson High School
- 575 Eloise Street, Atlanta, GA
- Short sale with private lender
- Needs Renovation / No tenants
- Owes $1.2 million - BRING OFFERS Starting at $375k
WATCH VIDEO 
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3 Acres on Old Atlanta Road - PRICE REDUCED AGAIN to $497,000MOTIVATED SELLER - 5145 Old Atlanta Road, Suwanee, GA
- 4,800 sf home with 40' x 45' detached garage/shop
- Zoned AG - existing daylily mail order business
- Potential office, doctor, dentist, veterinarian, landscape company, etc.
- Potential townhome development
Watch Video
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Office/Retail in Alpharetta
- 1,100 sf for Sale or Lease (Whole building - previously only a few offices available)
- Free standing building with great visibility
- Quick access from Highway 9, North Point Mall, and Verizon Amphitheater
- For sale at $249,900
- For Lease at $2,245 per month
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24 Unit Apartments w/ additional land
Gainesville, GA off of Hwy. 369
FULLY OCCUPIED
- Near Lake Lanier
- 12 one-bedroom units and 12 two-bedroom units
- 5.02 acres w/ additional .77 acre parcel
- $97,747 NOI
- For Sale at $1,299,000
- Do not disturb tenants - shown by appointment only
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WATCH VIDEO
More information
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Best Deal in Gainesville
Estate owned - BRING ALL OFFERS - reduced AGAIN
- Appraised at $525k - NOW REDUCED to $349k - BRING ALL OFERS
- 3 acres on Browns Bridge Road
- Zoned M-1 - nestled around car lots and convenience stores
- 6,000 sf warehouse - needs work
- FOR SALE at $349,900 (appraised in Oct. 2010 for $525k)
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REDUCED
Two Downtown Crabapple Assets
- Building A - Milton's Cuisine & Cocktails (tenant stays)
- Building B - Only Ewe, Allypop, with some vacant space
- $795,000
- OR, total building of 5,000 sf can be delivered in May
- Total 2.2 acres in Historic Crabapple
Watch Video
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Better than a BANK foreclosure
Bank pricing - $97/sf
Owner financing - no qualifying hassles
- Fully furnished - 70 Technology Drive, Alpharetta, GA
- 8,126 sf w/ desks, chairs, phones, filing cabinets, conference table, etc.
- Two levels with ground floor access to both
- Zoned M1 on one acre
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15 seconds off of GA 400
- Owner flexible on finance terms
Watch Video
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Retail / Office Space
For Lease
- Retail or Office Space from 800 sf to 8,000 sf
- On Highway 9 in Alpharetta
- 26,000 cars per day
- Average HH Income $143,000
- Home of Durty Kelly's, Alpharetta Outfitters, RISPA and others
- Competitive rates
Watch Video |
Flex office/warehouse on Old Roswell Road
For Sale or Lease
2.99% owner financing!
- 16,800 sf building divided into three 5,600 sf suites
- Across from Verizon Amphitheater entrance (Founder's Pkwy)
- 2.48 acres, drive-up doors, huge truck yard w/ security fence
- Poured concrete walls with brick
- Can subdivide as condominiums
- FOR SALE at $1,512,000 ($90 per sf)
- FOR LEASE at $9 per sf (No CAM charges)
More information
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2.59 Acres on Hickory Flat Highway, Woodstock
REDUCED For Quick Sale
- Zoned NC (neighborhood commercial)
- Renovated office
- Huge traffic volume and great visibility
- For Sale at $409,900
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Prized Roswell Location
900 Myrtle Street
For Sale
- In Historic Roswell, but not subject to overlay regs.
- 3.11 acres (possible mixed use development)
- Walk to Roswell City Hall and Public Library
- Across the street from Roswell Cultural Arts Center
- FOR SALE at $1.3M
Watch Video
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State Bridge Road Property
In Johns Creek
OWNER FINANCING w/ 25% down
- 2.48 acres on State Bridge Road, near Luciano's and Kroger
- 1,564 sf ranch building
- Two curb cuts, all utilities and around 300' of road frontage
- Over 44,000 cars per day
- For Sale at $579,000
- For Lease at $1,995/mo.
More information
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North Main Street Building
23,000 cars per day pass by the front door
- 1,725 sf
- Walk to CVS
- Great Visbility
- Perfect for doctor, lawyer, accountant, dentist, day spa, professional offices, etc.
- For lease at $2,895 / month
 
More Information
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Class A office space - 2 suites
REDUCED from $2,900/mo. to $1,995/mo.
- 2,600 sf Class A space in the Gates at McGinnis Ferry
- Building 100, Second floor
- A second suite of 2,600 sf can be added for additional $1,995
- Also available for sale at $695k (both suites)
- Partially furnished, upscale office space
Watch Video
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- Income property with development potential
- 2.45 acres with 587' of GA 400 frontage
- Two existing tenants - J Thomas Salon and Jolie Day Spa
- Billboard lease payments
- Just north of North Georgia Premium Outlets
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For Sale at $845,000
Watch Video |
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CONTACT:
Brian Patton, CCIM 770 634 4848
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Brian with
"Flip this House" TV Guys:
Peter Pasternack & Brian Trow
Seminar Attendees Hear Real Estate Tips
Peter Pasternack and Brian Trow, of A&E's "Flip this House" series, recently joined Brian Patton in teaching real estate techniques to an eager audience of investors. Subjects included Patton's lecture on apartment investing, and the TV duo's speech on flipping for profit. You can register for their next seminar at: www.DartnellTours.com
Enter "Patton" for promo code
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5 Signs of a Positive Real Estate Bounce in 2011
By: Brian Patton, CCIM
Don't look now, but there are some very positive signs that 2011 could be a big bounceback year for commercial real estate investors.
Here are five early indicators that I see:
Passage of the tax deal: The tax legislation passed by Congress and signed by President Obama on December 17 extended the 15 percent tax rate for dividends and long-term capital gains through the end of 2012, removing a huge cloud of uncertainty that had been hanging over commercial real estate investors all year long. The long term capital gains tax is a big factor in investors' determination on when to sell.
Economic expansion: Yes, the economy is growing, although still at a slower rate than most economists would like. However, many are revising their growth forecasts upward for 2011 in light of the tax deal and Republican takeover of the House of Representatives.
In a recent interview on CNBC, Goldman Sachs Asset Management economist Jim O'Neill projected GDP growth of at least four percent and stock market gains of 20 percent in 2011.
Continued low interest rates: Despite the recent uptick, interest rates remain at their lowest levels in a generation, giving investors an opportunity to lock in low rates now in advance of the rent recovery that is expected in the second half of 2011.
Most importantly, the spread between capitalization rates and interest rates is at a historic high of 480 basis points, noted Hessam Nadji, the managing director at Marcus & Millichap in a recent CNBC interview.
When compared with alternate yields available in other places where you can invest your money, Nadji said this makes now a very compelling time to buy commercial real estate. "Historically, whenever you've seen this kind of spread between interest rates and cap rates, it signals a very strong buy."
Strong valuations: Nadji pointed out that there has been no firesale on quality assets by either lenders or investors, which many had feared. "This has helped support valuations in the marketplace." Although foreclosures have weakened the market, lenders are sticking to their guns on valuations of Class A properties.
Retail rebound: The 2010 holiday shopping season is shaping up to be the strongest for retailers in a half-decade. On December 17, the International Council of Shopping Centers revised its holiday retail sales forecast for the November-December period upward to between 3.5 and 4 percent.
Should these projections hold, that would make the 2010 season the strongest since 2005, which will bode well for retail investors heading into the new year. In fact, Nadji calls retail his "dark horse" for 2011.
Nadji is most bullish on apartments, which he says are benefitting from the release of pent-up demand as young adults who moved in with their families are moving back out into rental units as the job picture improves. "The demand for apartment units is well ahead of job growth," he said in the CNBC interview, adding that apartment vacancy went down a full percentage point in 2010.
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Have you Read?
Brian's new book:
Mailbox Moo-la
"How Real Estate Cash Cows Put Money in Your Mailbox."
Recently recommended by:
the leading commercial real estate magazine in the country.CIRE's comments:
"Check's in the mail." That's what Brian Patton, CCIM, wants you to
hear after reading his book, Mailbox Moo-la: How Real Estate Cash Cows
Put Money in Your Mailbox. Through personal anecdotes, Patton explains
how you can recognize commercial real estate opportunities and
successfully manage them after the purchase. Commercial Real Estate
isn't just a matter of understanding net present value and cap rates,
according to Patton. It also requires a firmness in dealing with
tenants, described in Chapter 6, and other people skills. The second
half of Mailbox Moo-la contains practice problems to test readers'
understanding of the strategies outlined in
Part 1. An easy-to-read
resource for first-time property investors, the book costs $14.99.
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