WALLISVILLE RD WOODFOREST BLVD DELL DALE ST SHELDON RD THE SHOPS AT STONE PARK NEW FOREST CROSSING CHANNELVIEW INDUSTRIAL EMPLOYERS River Terrace Golf Course Johnston Park Gene Green Beltway 8 Park Channelview Golf Course S A N J A C I N TO RIVER ±8 ACRES FUTURE RETAIL DEVELOPMENT ±8 Acres at Dell Dale St & Wallisville Rd Channelview, TX 77049 OFFERING MEMORANDUM
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±8 Acres at Dell Dale St & Wallisville Rd VD€¦ · Dosch Marshall Real Estate 713.955.3120 777 Post Oak Blvd Houston, TX 77056 Exclusive Representation Dosch Marshall Real Estate
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WALLISVILLE RD
WOODFOREST BLVD
DELL DALE ST
SHELDON RD
THE SHOPS AT STONE PARKNEW FOREST CROSSING
CHANNELVIEW INDUSTRIAL EMPLOYERS
River Terrace Golf Course
Johnston Park
Gene Green Beltway 8 Park
Channelview Golf CourseSAN JACINTO RIVER
±8 ACRES
FUTURE RETAILDEVELOPMENT
±8 Acres at Dell Dale St & Wallisville Rd Channelview, TX 77049
Exclusive RepresentationDosch Marshall Real Estate (DMRE) has been exclu-sively retained to represent the Seller in the disposition of ±8 acres at Dell Dale St & Wallisville Rd in Chan-nelview, TX (Property). All inquiries about the Property should be directed to DMRE.
Due Diligence InformationTo access the due diligence information please visit the Property website at: www.dmreland.com
Offer RequirementsOffers should be presented in the form of a non-bind-ing Letter of Intent, and should include:
• Pricing• Due Diligence and Closing Timeframe• Earnest Money Deposit• Description of Debt/Equity Structure• Qualifications to Close• Development Plans
Purchase terms shall require cash to be paid at clos-ing. Offers should be delivered to the attention of Tim Dosch, David Marshall, Tom Dosch, or Becky Hand via fax or email.
2±8 ACRES AT DELL DALE ST & WALLISVILLE RD
Property DetailsProperty Details
LOCATION SEC Dell Dale St & Wallisville RdChannelview, TX 77049
LAT., LONG. 29.814801, -95.141170
TOTAL SIZE ±8 Acres
PARCEL ID 1310070010001
DETENTION Off-site
COUNTY Harris
SCHOOLS Channelview Independent School District
PRICE TBD by market
OTHER Owner will consider subdividing
2017 Tax Rates
6 CHANNELVIEW ISD 1.396000
40 HARRIS COUNTY 0.418010
41 HARRIS CO FLOOD CNTRL 0.028310
42 PORT OF HOUSTON AUTHY 0.012560
43 HARRIS CO HOSP DIST 0.171100
44 HARRIS CO EDUC DEPT 0.005195
47 SAN JACINTO COM COL D 0.183335
353 HC MUD 53 0.600000
667 HC EMERG SERV DIST 50 0.048500
TOTAL 2.863010
2017 Demographics
0-1 mile 0-3 miles 0-5 miles
EST. POPULATION 9,849 77,351 144,458
5-YR EST. POPULATION GROWTH 5.92% 6.22% 6.34%
AVERAGE HOUSEHOLD INCOME $78,559 $64,641 $63,811
MEDIAN OWNER-OCCUPIED HOUSING VALUES $139,230 $118,319 $116,326
Development Opportunity in Channelview• As close as 1.5 miles to the industrial complexes of Channelview’s biggest employ-
ers, including Baker Hughes, LyondellBasell, and Air Liquide• 2.3 miles from the intersection of Beltway 8/Sam Houston Pkwy and US-90• Major retail developments are just 1.3 miles from the Property: The Shops at Stone
Park and New Forest Crossing• Future retail development on the 10.3 acres north of the Property
Distance to Major Employment Areas• LyondellBasell - Channelview Complex: 1.5 miles
• One of the largest petrochemical facilities on the Gulf Coast, covering an area of almost 3,900 acres
• Two large manufacturing facilities and a workforce of more than 2,000 people• Payroll and benefits of more than $156 million per year• Goods and services purchases of approximately $824 million per year
• Port of Houston: 8 miles• Generation Park: 4 miles
• 4,000-acre master-planned commercial park
±8 Acres
Harvey Brown Elementary School
FUTURE RETAILDEVELOPMENT
~193’
~550’976.73’
~896’
WALLISVILLE RD
DELL DALE ST
SONOMA RANCHHome Prices up to $239K
SONOMA RANCHHome Prices up to $200K
North, west, and east frontage measurements are approximations from LandVision.
3±8 ACRES AT DELL DALE ST & WALLISVILLE RD
Survey
±8 ACRES
FUTURE RETAILDEVELOPMENT
4±8 ACRES AT DELL DALE ST & WALLISVILLE RD
±8 Acres
Harvey Brown Elementary School
FUTURE RETAILDEVELOPMENT
~193’
~550’976.73’
~896’
WALLISVILLE RD
DELL DALE ST
SONOMA RANCHHome Prices up to $239K
SONOMA RANCHHome Prices up to $200K
North, west, and east frontage measurements are approximations from LandVision.
5±8 ACRES AT DELL DALE ST & WALLISVILLE RD
Industrial MarketGrowth on the east side due to boom in petrochemical industry
Q2 2017 Data from Colliers
Absorption: During the first half of 2017, 3.0M SF of Houston’s industrial inventory was absorbed, all occurring during the first quarter. Second quarter absorption was close to zero, posting only -13,100 SF.
Vacancy: The vacancy rate is only 5.5% with a mid-year new inventory total to over 5M SF.
Under Construction: 4.2M SF is under construction and 77.2% is pre-leased. Most of the leased space under con-struction are build-to-suit projects for companies such as Amazon, FedEx, Katoen Natie and Vinmar International.
Major East Houston Employers
Capital Investments The Port Houston area continues to exhibit strong market fundamentals with significant deal volume and net absorption in 2017. Much of the market activity is driven by the strong downstream sector and petrochem-ical boom, which provides strategic advantages to East Houston.
• Port Houston expects to invest $333.0 million in capital projects over 2017 and 2018, including adding Post-Panamax cranes where needed
• Bayport Wharf #2, the fourth wharf at the terminal, is currently under construction, and Barbours Cut Wharf #2 reconstruction is in progress
Markets• 74 percent of plastic resins man-
ufactured in the U.S. come out of Houston
• Resins/plastics and chemicals/minerals account for 46.7 percent of Port Houston’s exported TEUs (twenty-foot equivalent unit)
• An estimated 250,000 TEUs in new exports will be created by 2019 as newly delivered pet-rochemical projects ramp up production
Development Since 1986, the number of businesses in Houston engaging in international trade has grown from 1,963 to more than 3,250.Companies cite the cheap cost of fuel, the large inventory of natural gas liquids available as well as access to foreign markets through exports as a source of growth in the petrochemical industry.
LyondellBasell • Plans to build a $2.4 billion petro-
chemical plant near the Houston Ship Channel, the largest factory of its kind in the world
• Would create some 2,500 con-struction jobs and 160 permanent positions at the plant
• Their most expensive project ever at $2.4 billion
• Announced in July 2017 that the project would move forward
Contanda Terminals • Signed a multiyear commercial
agreement with the Port of Hous-ton Authority for 339 acres on the Houston Ship Channel
• Provider of bulk liquid storage and logistics services
• Already operates three storage terminals in the Houston area
Pontikes Development • Planning a 3.0 million-square-
foot-multimodal logistics and distribution center on 246 acres
Projects recently completed: • 1.0 million square feet for Ikea • 960,000 square feet for Katoen
Natie
Projects soon to break ground:• 750,000 square feet for Ravago
• No. 1 U.S. port in foreign waterborne tonnage• No. 1 port in the U.S. Gulf Coast by TEU throughput• Home to the largest petrochemical complex in the U.S. (2nd largest
in world)• 150 public and private companies• 8,300 + vessel calls, 20,000+ ship movements, and 200,000+ barge
transits annually
Area Highlights
LyondellBasell - Channelview Complex• One of the largest petrochemical facilities on the Gulf
Coast, covering an area of almost 3,900 acres• Two large manufacturing facilities and a workforce of
more than 2,000 people• Payroll and benefits of more than $156 million per year• Goods and services purchases of approximately $824