West Hardy Road Business Park package · 6/24/2015 · Parcel Size 4.8 Acres Parking 2.50/1,000 Square Feet VITAL DATA CAP Rate - Current 8.64% Net Operating Income - Current $192,577

OFFERING MEMORANDUM

West Hardy Business ParkHOUSTON, TX

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.


NON-ENDORSEMENT NOTICE

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Section 1 PRICING AND FINANCIAL ANALYSIS

Section 2 PROPERTY DESCRIPTION

Section 3 RECENT SALES

Section 4 LEASE COMPARABLES

Section 5 DEMOGRAPHIC ANALYSIS

TABLE OF CONTENTS

West Hardy Business Park


PRICING AND FINANCIAL ANALYSIS

1


Down Payment 25% $557,312

Gross Square Feet 69,002

Price/Gross SF $32.31

Rentable Square Feet 69,002

Price/Rentable SF $32.31

Year Built 1980

Parcel Size 4.8 Acres

Parking 2.50/1,000 Square Feet

VITAL DATA

CAP Rate - Current 8.64%

Net Operating Income - Current $192,577

Net Cash Flow After Debt Service - Current 12.65% / $70,521

Total Return - Current 18.02% / $100,450


Major Employers

CompanyLocal

Employees

Krones Inc. 7,300

ABS Americas 2,056

Aggreko International Projects 2,000

Vallen Safety Supply Company 2,000

Ricoh USA Inc. 1,532

US Post Office 1,504

Lone Star College - North Harris 1,120

Reed Academy For Engineering 1,100

Hydril USA Manufacturing LLC 1,000

Baker Hughes Inc. 832

Exxon Mobil Corporation 809

Air Route Traffic Control Center 800

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy ofthe information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus &Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0860029 Marcus & Millichap. All rights reserved.

Demographics

1-Mile 3-Miles 5-Miles

2014 Total 16,015 73,786 219,670

2019 Total 16,875 78,987 237,957

2014 Total 6,000 23,202 65,532

2019 Total 6,330 24,717 70,722

Median HH Income $27,948 $31,441 $37,167

Per Capita Income $13,461 $13,058 $14,633

Average (Mean) HH $35,930 $41,517 $48,987

OFFERING SUMMARY

15955 West Hardy Road

Houston, TX 77060

Price $2,229,248

Down Payment 25% / $557,312


Price/Gross SF $32.31


Price/Rentable SF $32.31

CAP Rate - Current 8.64%

Year Built 1980


Type of Ownership Fee Simple

FIRST TRUST DEED

Loan Amount $1,671,936

Loan Type Proposed New

Interest Rate 4.6%

Amortization 25 Years

Program Conventional

Loan to Value 75%

Annualized Operating Data

Income CurrentBase Rent

Occupied Space 352,656

Available Space at Market Rents $30,582

Gross Potential Rent $383,238

Gross Potential Income $383,238

Vacancy/Collection Allowance 7% / $26,827

Effective Gross Income $356,411

Total Expenses $163,834

Net Operating Income $192,577

Reserves $7,000

Net Cash Flow Before Debt Service $185,577

Debt Service $115,056

Debt Coverage Ratio 1.67

Net Cash Flow After Debt Service 12.65% / $70,521

Principal Reduction $29,929

Total Return 18.02% / $100,450

2

Location


Financing


Expenses

Real Estate Taxes $49,894

Association Fee $2,893

Insurance $52,833

Utilities $21,450

Repairs & Maintenance $22,125

Management Fee $14,639

TOTAL EXPENSES $163,834

EXPENSES/SF $2.37


Loan information is time sensitive and subject tochange. Contact your local Marcus & MillichapCapital Corporation representative.

FINANCIAL OVERVIEW

3



Existing Financing

Loan Type Free and Clear


Proposed Financing

FIRST TRUST DEED

Loan Amount $1,671,936

Loan Type Proposed New

Interest Rate 4.6%

Amortization 25 Years

Program Conventional

Loan to Value 75%

Debt Coverage Ratio 1.67

Debt Coverage Ratio (Combined)

FINANCING

4




The following are guidelines provided by the Seller which shall be included in the Buyer's Letter of Intent or

Purchase and Sale Agreement.

1. Initial Deposit - The Initial Deposit shall be $20,000.00.

2. Due Diligence Period - Buyer shall have (30) days upon the "Effective Date" to conduct his Due Diligence.

3. Extension - Seller shall grant a thirty (30) day extension which will require an additional deposit equal to

the Initial Deposit.

4. Financing Contingency - Buyer shall have up to thirty (30) days to secure financing.

5. Proof of Funds - Buyer shall provide Seller with a Proof of Funds Letter to be included with his Letter of

Intent or Purchase and Sale Agreement.

6. Escrow - Seller's choice

PURCHASE GUIDELINES

5



Comments

Please note that Suite 308 is scheduled to become vacant 4/30/2015.


Suite Tenant SF Lease

Commence

Lease

Expire

Annual

Rent

Rent/

SF

Lease Type

100 Rhema Word Praise Worship 4,865 3/1/2015 2/28/2018 $24,000 $4.93 G

110 Blair Design & Construction 4,998 5/1/2015 4/30/2018 $30,000 $6.00 G

122 Vision of Faith 10,242 3/15/2015 3/31/2018 $42,000 $4.10 G

200 Camino de Salvacion 2,062 5/15/2013 5/31/2016 $13,608 $6.60 G

202 Life Church 3,500 1/15/2012 1/31/2016 $21,840 $6.24 G

206 Rhema Life Church 2,407 9/1/2012 9/30/2015 $14,436 $6.00 G

208 Love & Truth Worship 1,791 7/1/2010 7/31/2015 $12,888 $7.20 G

210 BGN Customs 2,314 1/15/2013 1/31/2015 $14,400 $6.22 G

218-B B&B Glass & Mirror 3,041 1/1/2015 2/28/2017 $17,400 $5.72 G

218-A B&B Glass & Mirror 3,200 8/15/2011 2/28/2017 $15,600 $4.88 G

222 BOP Technologies 2,507 6/1/2015 6/30/2015 $15,644 $6.24

300 Foundation Church 6,698 12/1/2005 7/31/2016 $41,400 $6.18 G

301 Soto Glass 1,730 10/1/2014 9/30/2016 $13,560 $7.84 G

308 VACANT 5,097 $0.00

310 Evans Coach & Limo 3,108 12/1/2005 5/31/2015 $18,648 $6.00 G

312 Filberto Soto 3,360 5/1/2014 4/30/2016 $22,800 $6.79 G

314 Renteria Manufacturing 1,757 11/1/2014 10/31/2016 $966 $0.55 G

320 Rhema World of Life 6,325 10/1/2010 9/30/2015 $33,466 $5.29 G

TOTAL AVAILABLE 5,097

TOTAL OCCUPIED 63,905 $352,656

TOTAL 69,002 $352,656

RENT ROLL

6




RENT INCREASES

Rhema Word Praise Worship - Current Annual Rent $24,000.00

3/1/2016 - $26,400.00

3/1/2017 - $29,184.00

Vision of Faith - Current Annual Rent $42,000.00

3/1/2016 - $44,100.00

3/1/2017 - $46,296.00

Evans Funeral Coach & Limo - Current Annual Rent $18,648.00

6/1/2016 - $19,392.00

5/1/2015 - $20,136.00

BOP Technologies - Current Annual Rent $15,644.00

7/1/2017 - $16,546.00

7


For The Year Beginning Year 1

Apr 2015

Year 2

Apr 2016

Year 3

Apr 2017

Year 4

Apr 2018

Year 5

Apr 2019

Year 6

Apr 2020

Year 7

Apr 2021

Year 8

Apr 2022

Year 9

Apr 2023

Year 10

Apr 2024

Life Church

Rhema Life

Church

Love & Truth

Worship

BOP

Technologies

Evans Coach

& Limo

Rhema World

of Life

Camino de

Salvacion

B&B Glass

& Mirror

B&B Glass

& Mirror

Foundation

Church

Soto Glass

Filberto

Soto

Renteria

Manufacturing

Rhema Word

Praise

Worship

Vision of

Faith

Blair Design

&

Construction

Total Number of Tenants 6 7 2 1

Total Square Feet 19,638 21,848 15,107 4,998

Total Percentage 28.5% 31.7% 21.9% 7.2%

Cumulative Percentage 28.5% 60.1% 82.0% 89.3%


Percentage of SF Expiring Number of Tenants Expiring Cumulative % of SF Expiring

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

To

tal P

roje

ct S

qu

are

Fo

ota

ge

0

1

2

3

4

5

6

7

Nu

mb

er

of T

en

an

tsApr 2015

28%Apr 2016

32%Apr 2017

22%Apr 2018

7%Apr 2019

0%Apr 2020

0%Apr 2021

0%Apr 2022

0%Apr 2023

0%Apr 2024

0%


Any projections, opinions, assumptions or estimates used here within are for example purposes only and do not represent the current or future performance of the property.

LEASE EXPIRATION SUMMARY

8




Current Per SF

Real Estate Taxes $49,894 $0.72

Association Fee $2,893 $0.04

Insurance $52,833 $0.77

Utilities $21,450 $0.31

Repairs & Maintenance $22,125 $0.32

Management Fee $14,639 $0.21

TOTAL EXPENSES $163,834 $2.37

EXPENSES

9



Comments

Please note that Suite 308 is scheduled to become vacant 4/30/2015.




Current Per SF

BASE RENT

Occupied Space 352,656 $5.30

Available Space at Market Rents (2,507 SF) $30,582 $12.20

GROSS POTENTIAL RENT $383,238 $5.55

GROSS POTENTIAL INCOME $383,238 $5.55

Vacancy/Collection Allowance (% of GPR) 7% / $26,827 $0.39

EFFECTIVE GROSS INCOME $356,411 $5.17

Total Expenses $163,834 $2.37

NET OPERATING INCOME $192,577 $2.79

Reserves $7,000 $0.10

NET CASH FLOW BEFORE DEBT SERVICE $185,577 $2.69

INCOME & EXPENSES

Marcus & Millichap is pleased to offer the West Hardy Road Business Park consisting of three multi-tenant industrial warehouse buildings with a total of 69,002 square feet of rentable building area.

Located just minutes away from the Hardy Toll Road, Beltway 8, Interstate 45, Interstate 59, and the George Bush Intercontinental Airport, the West Hardy Road Business Park is conveniently located in the center of one of Houston's busiest industrial distribution and manufacturing submarkets.

The West Hardy Road Business Park is being offered at $2,229,248.00 with an 8.25 percent CAP Rate and is an appealing investment for those who are looking for an asset priced well below replacement cost.

Investment Highlights

■ 69,002 Square Feet of Rentable Building Area

■ 96 Percent Occupied

■ Immediate Access to Four (4) Major Freeways

■ 18 Units From 1,700 Square Feet to 10,000 Square Feet

■ Situated on a 4.8 Acre Parcel

■ High Demographic Area of Houston, Texas

■ Tilt-Wall Construction Built in 1980

■ Offered at $2,229,248.00 with an 8.25 Percent CAP Rate

10

PROPERTY DESCRIPTION



INVESTMENT OVERVIEW



12



The Offering

Property West Hardy Business Park

Property Address 15955 West Hardy Road

Houston, TX 77060

Property Type Industrial Multi-Tenant

Assessor's Parcel Number 1089450000005

Site Description


Type of Ownership Fee Simple


Zoning Commercial

Parking 2.50/1,000 Square Feet

Parking Ratio 2.50/1,000 Square Feet

Landscaping Yes

Street Frontage Yes

Cross Street West Hardy Road

Construction

Year Built 1980

Construction Type Tilt-Wall

Number of Floors One

Mezzanine No

Number of Units 18

Unit Sizes 1,700 Square Feet - 10,000 Square Feet

Divisibility Yes

Office Build-Out 5%Clear Height 13'-16'

Power 3 PExterior Walls Concrete

Roof Metal

Foundation Concrete

Loading 4 Loading Docks - 11 Drive-In Doors

Parking Surface Concrete

Mechanical

Elevator No

Fire Protection No

HVAC Yes

Utilities All

Plumbing Yes


PROPERTY SUMMARY

Construction

Features

■ "Class B" 1980 Masonry Construction

■ 69,002 Square Feet of Rentable Building Area

■ Immediate Access to Four (4) Major Freeways

■ Stabilized Asset - 96 Percent Occupied

■ 18 Units From 1,700 Square Feet to 10,000 SquareFeet

■ High Demographic Area of Houston, Texas

13




PROPERTY FEATURES

14




PROPERTY PHOTOS

Local Map Regional Map

15




AREA MAPS

16




SITE PLAN

17




The subject property is located within a 100-year floodplain. A one percent (100-year) floodplain is an area that has a minimum of a one

percent (1 in 100) chance of flooding in any given year from a bayou, creek, or other waterway overflowing. Structures in a one percent (100-

year) floodplain have a minimum of a 26 percent chance of flooding during a 30-year period of time, which is the duration of many mortgages.

The risk for flooding increases the closer a structure is to a bayou or a creek, assuming the structure is not elevated. A floodway is an area

within a one percent (100-year) floodplain that is closest to a bayou or creek where water flows most quickly and is most likely the deepest. The

one percent (100-year) floodplain and floodway on the Federal Emergency Management Agency’s Flood Insurance Rate maps are regulatory

areas in which the city and county regulate land development.

AERIAL PHOTO


RECENT SALES

1)

2)

3)

4)

5)

6)


Wallisville Business Park

West Sam Houston Parkway

Meadowglen Business Park


Oak Hollow Business Park

Trade Center

19

RECENT SALES



RECENT SALES MAP

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

Subject WallisvilleBusiness

Park

MeadowglenBusiness

Park

WallisvilleBusiness

Park

OakHollow

BusinessPark

TradeCenter

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00


Park

MeadowglenBusiness

Park

WallisvilleBusiness

Park

TradeCenter

Average Price Per Rentable SF

Average Cap Rate

20

RECENT SALES



CAP RATE AND PRICE PER RENTABLE SF

Average Price Per Gross SF

21

RECENT SALES

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00


Park

MeadowglenBusiness

Park

WallisvilleBusiness

Park

OakHollow

BusinessPark

TradeCenter



PRICE PER GROSS SQUARE FOOT

1

2



Houston, TX 77060


9364 Wallisville Road

Houston, TX 77013

West Sam Houston Parkway

9303 West Sam Houston Parkway

Houston, TX 77099

Comments

This sale also includes another building in the same business park.

Comments

589 days on market

Gross SF: 69,002 Sales Price: $2,229,248

Year Built: 1980 Percent Down: 25%

Occupancy: 96% CAP Rate: 8.64%

Office Build-Out: 5% Price/Gross SF: $32.31

Close of Escrow: 4/24/2013 Sales Price: $2,630,659

Rentable SF: 47,203 Percent Down: N/A

Year Built: 1980 CAP Rate: 8.40%

Occupancy: 100% Price/Rentable SF: $55.73

Office Build-Out N/A

Close of Escrow: 6/19/2013 Sales Price: N/A


Year Built: 1981 CAP Rate: N/A

Occupancy: 19% Price/Rentable SF: N/A

Office Build-Out: N/A

1

22

RECENT SALES



RECENT SALES

4

5

Meadowglen Business Park

11391 Meadowglen Lane

Houston, TX 77082


9360 Wallisville Road

Houston, TX 77013

Oak Hollow Business Park

9207 Emmott Road

Houston, TX 77040

Comments

This investment was one of two buildings sold in this business park.

Comments

This was an REO sale.

3

Comments

This investment included two buildings.





Office Build-Out: 55%






23

RECENT SALES




Year Built: 1984 CAP Rate: N/A




RECENT SALES

Trade Center

18121 Ammi Trail

Houston, TX 77060

6

Close of Escrow: 6/19/2013 Sales Price: $988,000





24

RECENT SALES



RECENT SALES


LEASE COMPARABLES

1)

2)

3)

4)

5)

6)

7)

8)

9)


Greenbriar 1 Plaza 2

Greenbriar 8 Plaza

Greenbriar Business Park

Greenbriar North Business Center

Greenbriar North Service Center

Hedgecroft Square

Central Park North

Briar Center

West Hardy Business Center

26

LEASE COMPARABLES



LEASE COMPARABLES MAP

AVERAGE OCCUPANCY

0

10

20

30

40

50

60

70

80

90

100

Subject Greenbriar1

Plaza2

Greenbriar8

Plaza

GreenbriarBusiness

Park

GreenbriarNorth

BusinessCenter

GreenbriarNorth

ServiceCenter

HedgecroftSquare

CentralParkNorth

BriarCenter

WestHardy

BusinessCenter

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

Subject Greenbriar1

Plaza2

Greenbriar8

Plaza

GreenbriarBusiness

Park

GreenbriarNorth

BusinessCenter

GreenbriarNorth

ServiceCenter

HedgecroftSquare

CentralParkNorth

BriarCenter

WestHardy

BusinessCenter

27

AVERAGE RENT/SF

LEASE COMPARABLES



OCCUPANCY AND AVERAGE RENT PER SF

2



Houston, TX 77060

Greenbriar 1 Plaza 2

701-716 Bradfield Road

Houston, TX 77060

Greenbriar 8 Plaza


Houston, TX 77060

1

Date Surveyed: 4/9/2015

Gross Square Feet: 69,002

Occupancy: 96%

Year Built: 1980


Rentable Square Feet: 32,952

Occupancy: 91%

Year Built: 1980



Occupancy: 76%

Year Built: 1980

Rent/SF Available SF Lease Type Office Build-Out

$5.10 1,730 MG 5%


$6.72 2,945 NNN N/A

28


$4.08 20,743 NNN N/A

LEASE COMPARABLES



LEASE COMPARABLES

5

Greenbriar Business Park


Houston, TX 77060

Greenbriar North Business Center


Houston, TX 77060

Greenbriar North Service Center

16507 Hedgecroft Drive

Houston, TX 77060

3

4



Occupancy: 83%

Year Built: 1980



Occupancy: 91%

Year Built: 1980



Occupancy: 94%

Year Built: 1976


$6.00 3,260 MG N/A

29


$3.48 2,384 NNN N/A

LEASE COMPARABLES



$8.40 4,178 FS N/A


LEASE COMPARABLES

8

Hedgecroft Square

16770 Hedgecroft Drive

Houston, TX 77060

Central Park North

600 Kenrick Drive

Houston, TX 77060

Briar Center


Houston, TX 77060

6

7



Occupancy: 74%

Year Built: 1978



Occupancy: 10%

Year Built: 1980



Occupancy: 93%

Year Built: 1982


$6.72 3,720 IG N/A


$3.84 18,282 NNN N/A

30

LEASE COMPARABLES


$8.16 4,830 NNN N/A



LEASE COMPARABLES

WEST HARDY BUSINESS CENTER


Houston, TX 77060

9



Occupancy: 91%

Year Built: 1979


$6.60 2,799 MG N/A

31

LEASE COMPARABLES



LEASE COMPARABLES


DEMOGRAPHIC ANALYSIS

1 Mile 3 Miles 5 Miles

2000 Population 12,606 53,438 156,799

2010 Population 15,177 68,809 205,952

2014 Population 16,015 73,786 219,670

2019 Population 16,875 78,987 237,957

2000 Households 5,010 17,938 50,033

2010 Households 5,661 21,569 61,106

2014 Households 6,000 23,202 65,532

2019 Households 6,330 24,717 70,722

2014 Average Household Size 2.70 3.17 3.32

2014 Daytime Population 20,922 63,255 111,169

2000 Owner Occupied Housing Units 7.71% 22.57% 42.60%

2000 Renter Occupied Housing Units 65.07% 62.30% 48.15%

2000 Vacant 27.21% 15.12% 9.25%



2014 Vacant 16.26% 12.41% 10.09%



2019 Vacant 15.22% 12.16% 10.24%

$ 0 - $14,999 19.8% 19.1% 15.6%

$ 15,000 - $24,999 23.5% 19.1% 15.9%

$ 25,000 - $34,999 22.7% 18.7% 15.7%

$ 35,000 - $49,999 17.3% 17.3% 17.3%

$ 50,000 - $74,999 9.9% 14.1% 17.9%

$ 75,000 - $99,999 3.6% 6.2% 9.2%

$100,000 - $124,999 1.5% 3.1% 4.5%

$125,000 - $149,999 0.8% 1.2% 1.8%

$150,000 - $199,999 0.2% 0.6% 1.2%

$200,000 - $249,999 0.2% 0.3% 0.3%

$250,000 + 0.5% 0.5% 0.6%

2014 Median Household Income $27,948 $31,441 $37,167

2014 Per Capita Income $13,461 $13,058 $14,633

2014 Average Household Income $35,930 $41,517 $48,987

Demographic data © 2010 by Experian/Applied Geographic Solutions.

33




Demographic data © 2012 by Experian.

DEMOGRAPHIC REPORT

Geography: 5 miles

Population

In 2014, the population in your selected geography is 219,670. The population has changed by 40.09% since 2000. It is estimated

that the population in your area will be 237,956 five years from now, which represents a change of 8.32% from the current year. The

current population is 49.91% male and 50.08% female. The median age of the population in your area is 27.4, compare this to the

Entire US average which is 37.3. The population density in your area is 2,798.92 people per square mile.

Households

There are currently 65,532 households in your selected geography. The number of households has changed by 30.97% since 2000.

It is estimated that the number of households in your area will be 70,721 five years from now, which represents a change of 7.91%

from the current year. The average household size in your area is 3.32 persons.

Income

In 2014, the median household income for your selected geography is $37,166, compare this to the Entire US average which is

currently $51,972. The median household income for your area has changed by 9.23% since 2000. It is estimated that the median

household income in your area will be $41,759 five years from now, which represents a change of 12.35% from the current year.

The current year per capita income in your area is $14,633, compare this to the Entire US average, which is $28,599. The current

year average household income in your area is $48,987, compare this to the Entire US average which is $74,533.

Race & Ethnicity

The current year racial makeup of your selected area is as follows: 40.00% White, 28.62% Black, 0.09% Native American and 3.17%

Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and

5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 61.42% of the current year

population in your selected area. Compare this to the Entire US average of 17.13%.

Housing

In 2000, there were 23,486 owner occupied housing units in your area and there were 26,547 renter occupied housing units in your

area. The median rent at the time was $474.

Employment

In 2014, there are 111,169 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed

that 47.61% of employees are employed in white-collar occupations in this geography, and 52.16% are employed in blue-collar

occupations. In 2014, unemployment in this area is 7.07%. In 2000, the average time traveled to work was 29.7 minutes.

34





SUMMARY REPORT


Number of people living in a given area per square mile.

35




POPULATION DENSITY


The number of people employed in a given area per square mile.

36




EMPLOYMENT DENSITY


Average income of all the people 15 years and older occupying a

single housing unit.

37




AVERAGE HOUSEHOLD INCOME

Traffic Count data © 2012 by TrafficMetrix. All rights reserved. Two-way, average daily traffic volumes.

38




TRAFFIC COUNTS

* Traffic Count Estimate

Approved by the Texas Real Estate Commission for Voluntary UseTexas law requires all real estate licensees to give the following information

about brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage ServicesBefore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written -listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License

Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:(1) shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized inwriting to do so by the owner;(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you,you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If youhave any questions regarding the duties and responsibilities of the broker, you should resolve thosequestions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

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Buyer, Seller, Landlord or Tenant Date

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Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.



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West Hardy Road Business Park package · 6/24/2015 · Parcel Size 4.8 Acres Parking 2.50/1,000 Square Feet VITAL DATA CAP Rate - Current 8.64% Net Operating Income - Current $192,577

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