DOWNTOWN HOUSTON
MONTROSE
ALLEN PKWY
W DALLAS ST
WAUGH DR
±16,701 SF
DAMICO ST
ROSINE ST
±16,701 SF at SEC D’AMICO ST & ROSINE ST Houston, Texas
OFFERING MEMORANDUM Contacts, Due Diligence, & Offer Requirements
Tim Dosch Becky Hand Dosch Marshall Real Estate Principal Associate 777 Post Oak Blvd [email protected] [email protected] Houston, TX 77056 T 713-459-8123 T 918-629-5592 www.dmreland.com
Exclusive Representation Dosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the David Marshall Dillon Mills disposition of ±16,701 SF at the southeast corner Principal Associate of Damico Street and Rosine Street in Houston, TX (Property). All inquiries about the Property should be [email protected] [email protected] directed to DMRE. T 713-206-1574 T 713-254-3824
Due Diligence Information To access the due diligence information please visit the Property website at: www.dmreland.com Tom Dosch Tripp Rich Principal Analyst Offer Requirements [email protected] [email protected] T 713-557-4455 T 936-635-6968 Offers 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 Clark Dalton Jane Matsell • Description of Debt/Equity Structure Associate Graphic Designer • Qualifications to Close [email protected] • Development Plans T 832-449-2223 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.
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 2 Property Information
Prime River Oaks Location Property Details The Property is ideally located just south of Allen Parkway in River Oaks, Houston’s most affluent ADDRESS 3115 Damico St, Houston, TX 77019 neighborhood. Not only is River Oaks a perfect place to live, but it’s a great place to shop: River Oaks 3117 Damico St, Houston, TX 77019 boasts a collection of high fashion boutiques and gourmet dining at River Oaks Shopping Center (0.7 miles from the Property). Everyday shopping and banking is also available at River Oaks Plaza, just LAT., LONG. 29.759097, -95.398796 down the street from the Property at the corner of West Gray St and Waugh Dr. Whole Foods, situated TOTAL SIZE 16,701 square feet just across Waugh Dr from the Property, features the Allegro Coffee Bar and the Bayou Bar serving wine and beer both on tap and in bottles, along with small plates. PARCEL NUMBER 0562010000013; 0562010000032 LEGAL TRS 13 14 & 15 BLK 1 NORTH ROSEMONT Walking distance to outdoor recreation and nightlife TRS 13A 14A & 15A BLK 1 NORTH ROSEMONT The Property Is situated within easy walking or biking distance of Houston’s best green spaces: Memo- FRONTAGE (APPROX.) 100ft on Damico; 160ft on Rosine St rial Park (the largest urban park in the United States) is two miles west, and Buffalo Bayou Park is just one block north. Situated half a block off Waugh Drive, the Property is conveniently located directly SCHOOL DISTRICT Houston Independent School District south and less than a mile from Washington Corridor, Houston’s most popular nightlife spot for young FLOODPLAIN None professionals. UTILITIES City Of Houston
Fast access to Houston employers 2017 Tax Rates The Property’s proximity to Allen Parkway and W Dallas St provide quick access to Downtown Hous- 01 HOUSTON ISD 1.206700% ton’s employment and entertainment, only 1.5 miles east. The American General Center located at 2727 Allen Parkway, directly across Waugh Dr from the Property, hosts AIG and the global headquar- 40 HARRIS COUNTY 0.416560% ters of Baker Hughes in the America tower. 41 HARRIS CO FLOOD CNTRL 0.028290% 42 PORT OF HOUSTON AUTHY 0.013340%
D’AMICO ST 43 HARRIS CO HOSP DIST 0.171790% 44 HARRIS CO EDUC DEPT 0.005200% 48 HOU COMMUNITY COLLEGE 0.100263% 61 CITY OF HOUSTON 0.586420% TOTAL 2.528563% 2017 Demographics 16 701 S 0-0.5 mi 0-1 mile 0-3 miles
ROSINE ST EST. POPULATION 6,234 28,105 187,759
WAUGH DR WAUGH 2017-2022 EST. POPULATION 2.66% 2.44% 2.03% GROWTH EST. AVERAGE HOUSEHOLD $140,310 $138,255 $128,748 INCOME EST. MEDIAN HOUSING VALUES $348,939 $381,462 $380,589
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 3 ±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 4 Museum Distri t mi e as Medi al Center mi RG Park mi
he Sovereign at Regent S uare West Dallas
Whole Foods Montrose - Features the Allegro Coffee Bar and the Bayou Bar, serving wine and eer oth on tap and in ottles, along with small plates
ROSINE ST
16 701 S
WAUGH DR D’AMICO ST
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 5 Washington Corridor (0.7 mi) One of Houston’s most popular nightlife spots, the Washington Corridor has experienced pro- found gentrification within the past few years. Neighborhood retail includes a 215,000-square- foot Wal-Mart-anchored retail center and a Target-anchored retail center. Trendy eateries and nightlife destinations include Benjy’s, Darkhorse Tavern, Ei8ht, El Rey Taqueria, Max’s Wine Dive, Nox, Kung Fu Saloon, Bubba’s Sportsbar & Grill, Laurenzo’s, Diem Lounge, Liberty Station, Sanc- tuary Lounge, The Counter, El Tiempo Cantina, Rebels Honky Tonk, Porch Swing Pub, Catalina Coffee, 360 Sports Lounge, Luke’s Ice House, Underdogs Pub, The Blue Fish, Coppa Ristorante Italiano, and Molina’s Cantina. Spotts Park
he Royalton at River Oaks Buffalo Bayou Park
ALLEN PKWY
ohnny Steele Dog Park
Houston Arts Allian e BIG Power Yoga ue ight Clu Stages Repertory heatre Days Spa Guava amp Glo Sun Spa Bam oo House Chic Lash Boutique Bayou i uor
D’AMICO ST
16 701 S WAUGH DR
ROSINE ST
Buffalo Bayou Park Johnny Steele Dog Park • 160-acre park stretching along Buffalo Bayou • Large and small dog ponds and shade structures • Visitors can rent paddle crafts; walk, jog and bike the trails; enjoy the self-guided • Dog washing areas, benches and drinking fountains public art walk; and play frisbee or volleyball • Connects to Sabine Promenade, a 23-acre waterfront park featuring hike and bike Spott’s Park trails to Sesquicentennial Park in downtown, which has become Houston’s urban • 16.24-acre park features basketball and volleyball courts, children’s playground, oasis in the heart of the Theater District walking trails and a picnic area
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 6 Houston Central Business District (1.5 mi) • Houston Theater District: 17-block cultural and entertainment center; the second largest perform- • Over 150,000 employees ing arts district in the U.S. next to Broadway in • Hosts 10 of Houston’s 26 Fortune 500 companies New York City • Employer (employees): Chevron (8,600), Shell Oil • Toyota Center: Home of the NBA’s Houston Company (7,000), Chase Bank (4,892), CenterPoint Rockets; Minute Maid Park: Home of the Houston Energy (3,826), KBR (2,958), NRG/Reliant Energy Astros and Houston Aeros (2,300), ExxonMobil Corporation (2,200), Hess • George R Brown Convention Center: 1.9 million SF (2,000), Kinder Morgan (1,860), Deloitte (1,700), with 88 meeting rooms, 6 balconies, a ballroom, United Airlines (1,600), St. Joseph Medical Center theater, show offices, conference rooms, 90,000 (1,440), Enterprise Products Partners (1,360), Ernst SF of Level 2 Mezzanine space, a 95,000-SF grand & Young (1,300), Waste Management, Inc. (1,270), concourse, and the 97,000-SF Avenida Plaza PriceWaterhouseCoopers (1,236), LyondellBasell Industries (1,200) • Discovery Green Park: Two-acre picnic lawn with one-acre lake, jogging trail, performance stage, two • GreenStreet: 316,000 square feet of open-air retail W DALLAS ST dog parks, and multiple gardens
W DALLAS ST
WAUGH DR
16 701 S DAMICO ST
ROSINE ST
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 7 Greenway Plaza mi ptown Galleria mi
RIVER OAKS Average Home Price $2.5M MONTROSE River Oaks Shopping Center (0.6 mi) Allen Edmonds la Madeleine Américas LensCrafters River Oaks Plaza - Ma , Marshalls and Ann Taylor Local Pour Annie Allbritton MA Modern Acupuncture HomeGoods, Offi eMa , Sally Beauty, FI he Sovereign at Regent S uare Athleti Clu , Wells Fargo Bank, Dollar ree, Araya Artisan Chocolate Macaron by Patisse dress arn, Salata, Cafe press, u y’s Atrium Ready to Wear Marble Slab Creamery Barnes & Noble Marfreless Beautifully Bronzed Mutual of Omaha Bank Brasserie 19 Natural Pawz Busy Body Nina McLemore C’est Chic by Carmine Phenix Salon Suites Cafe Ginger Pure Barre California Pizza Kitchen River Oaks Fitness Carleen Ligozio River Oaks Theater Casa de Novia Bridal RYDE Couture Saint Cloud Chalet Fine Wines Starbucks (North Side- Chandail Needlework Drive Thru) Chico’s Starbucks (South Side) Epicure Café W DALLASSteinway ST Piano Gallery Pimli o Irish Pu ROSINE ST francesca’s Steven Cash Diamonds Full Blown Dry Bar Sunglass Hut Fuzzy’s Taco Shop Sur La Table GAP Talbots Gymboree TGF Hair Salon Hemline The Mad Potter International Derma Spa The Texas Art Gallery 16 701 S J. Jill U.S. Cleaners J. McLaughlin V’s Barbershop WAUGH DR Jos A. Bank Vikari International Kartell White House | Black Kroger Signature Grocery Market La Griglia Restaurant
DAMICO ST
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 8 West Dallas
Whole Foods
ROSINE ST
D’AMICO ST
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 9 10-10-11
Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. Information About Brokerage Services
efore working with a real estate broker, you intermediary. The written consent must state who will should know that the duties of a broker pay the broker and, in conspicuous bold or underlined depend on whom the broker represents. If print, set forth the broker’s obligations as an you are a prospective seller or landlord intermediary. The broker is required to treat each (owner)B or a prospective buyer or tenant (buyer), you party honestly and fairly and to comply with The should know that the broker who lists the property for Texas Real Estate License Act. A broker who acts as sale or lease is the owner’s agent. A broker who acts an intermediary in a transaction: as a subagent represents the owner in cooperation (1) shall treat all parties honestly; with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an (2) may not disclose that the owner will accept a intermediary between the parties if the parties price less that the asking price unless authorized in consent in writing. A broker can assist you in locating writing to do so by the owner; a property, preparing a contract or lease, or obtaining financing without representing you. A broker is (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer obligated by law to treat you honestly. unless authorized in writing to do so by the buyer; and IF THE BROKER REPRESENTS THE OWNER: (4) may not disclose any confidential information or The broker becomes the owner’s agent by entering any information that a party specifically instructs the into an agreement with the owner, usually through a broker in writing not to disclose unless authorized in written - listing agreement, or by agreeing to act as a writing to disclose the information or required to do so by subagent by accepting an offer of subagency from the The Texas Real Estate License Act or a court order or if listing broker. A subagent may work in a different real the information materially relates to the condition of the estate office. A listing broker or subagent can assist property. the buyer but does not represent the buyer and must place the interests of the owner first. The buyer With the parties’ consent, a broker acting as an should not tell the owner’s agent anything the buyer intermediary between the parties may appoint a person would not want the owner to know because an who is licensed under The Texas Real Estate License owner’s agent must disclose to the owner any Act and associated with the broker to communicate material information known to the agent. with and carry out instructions of one party and another person who is licensed under that Act and IF THE BROKER REPRESENTS THE BUYER: associated with the broker to communicate with and The broker becomes the buyer’s agent by entering carry out instructions of the other party. into an agreement to represent the buyer, usually through a written buyer representation agreement. A If you choose to have a broker represent you, buyer’s agent can assist the owner but does not you should enter into a written agreement with the represent the owner and must place the interests of broker that clearly establishes the broker’s obligations the buyer first. The owner should not tell a buyer’s and your obligations. The agreement should state agent anything the owner would not want the buyer how and by whom the broker will be paid. You have to know because a buyer’s agent must disclose to the the right to choose the type of representation, if any, buyer any material information known to the agent. you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker IF THE BROKER ACTS AS AN INTERMEDIARY: represents you. If you have any questions regarding A broker may act as an intermediary between the the duties and responsibilities of the broker, you parties if the broker complies with The Texas Real should resolve those questions before proceeding. Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
Buyer, Seller, Landlord or Tenant Date
Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov) TREC No. OP-K
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 10 777 POST OAK BLVD HOUSTON, TEXAS 77056
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