<<

AUSTIN ST

701 Austin St Retail/Office 701 Austin St. , TX 78215 For Sale

DRASTIC PRICE REDUCTION

Blake M. Bonner 210 524 4000 Senior Vice President, Brokerage Services 8023 Vantage Drive, Suite 1200 Direct Line 210 524 1305 R E OC San Antonio TX 78230 SAN ANTONIO [email protected] reocsanantonio.com R E OC Table of Contents SAN ANTONIO

SECTION 1 Maps

SECTION 2 Survey

SECTION 4 Photos

SECTION 5 Property Summary

SECTION 6 Quote Sheet

SECTION 7 San Antonio Overview

SECTION 8 Retail Market Snapshot

SECTION 9 Demographics

SECTION 10 TREC Agency Disclosure

Blake M. Bonner Senior Vice President, Brokerage Services Direct Line 210 524 1305 [email protected]

© 2016 REOC San Antonio. REOC San Antonio is a licensed Real Estate broker in the State of operating under REOC General Partner, LLC. The information contained herein is deemed 210 524 4000 accurate as it has been reported to us by reliable sources. As such, we can make no warranty or representation as to the accuracy or completeness thereof. Further, the property is presented subject to availability, change in price or terms, prior sale or lease, or withdrawal from the market. R E OC City Location Map SAN ANTONIO ¯ )"1604

SA International Airport ¨¦§10

S. Texas Med Center ¤£281 ¨¦§410

SITE ¨¦§35 ¨¦§10

¤£90 ¨¦§410 ¤£87

Blake M. Bonner Senior Vice President, Brokerage Services ¨¦§37 Direct Line 210 524 1305 [email protected]

210 524 4000 ¨¦§35

¤£181 )"1604 R E OC Aerial Map SAN ANTONIO

V Trinity University Brackenridge

A

N

H V

T

G

A

S

¯ U O

D

S

O R

R

E L

D L R WOODLAWN A

O V E

E U O

C

P

L C Brackenridge

N

F N

A

C Brackenridge Golf Course A

L M

S Brackenridge

B Ft Sam Houston F R E ¤£281 D E R N IC K T S S B U San Antonio College O N R M G A T R Metropolitan Methodist Hospital L S D Crockett A

O Y

D N

N A Pershing

A T

V 35 W N

R N

S A

¨¦§ D N

O V

T A

Y

T N

L

A I S

O

R S

O

A R S S R

C E L

M B E

Y V

E I R B

Eduardo Garcia F L

A K

N O

M C

Madison Square Maverick U A ST A SITE H N Romana Plaza R

B

T

University Hospital - Robert B. Green Campus Baptist Medical Center S

W

S Blake M. Bonner E

10 R N MAR N TIN N § S

¨¦ E

Senior Vice President, T W Columbus T

V T Lockwood

Brokerage Services S

Christus Santa Rosa Hospital - City Centre E S

Direct Line 210 524 1305 Y Dignowity G O R

[email protected] I San Fernando Gymnasium R

R Healy Murphy E F Milam H C Martin Luther King Plaza Alamo Plaza 37 HOUSTON ST E Market Square ¨¦§ 210 524 4000 Plaza de las Islas n n Univ. of Texas - S.A. (Downtown) Riverwalk CO Historic City Cemeteries MME Euretta Fairchild D RCE UR ST Martin Luther King Plaza n A E N Historic City Cemeteries S G

O S

T S Hemisfair Historic City Cemeteries Historic City Cemeteries T T

S S

W

S

Historic City Cemeteries T

O

I Y DUR S Commanders House A n R NG R

E Historic City Cemeteries F O R n V

n E S I

King William T L

n E H St. Philips College

O 35 C ¨¦§ Pittman Sullivan R E OC Oblique Aerial SAN ANTONIO

Blake M. Bonner Senior Vice President, Brokerage Services Direct Line 210 524 1305 [email protected]

210 524 4000 R E OC Site Aerial SAN ANTONIO

AUSTIN ST

Blake M. Bonner Senior Vice President, Brokerage Services Direct Line 210 524 1305 [email protected]

210 524 4000 R E OC Survey SAN ANTONIO

Blake M. Bonner Senior Vice President, Brokerage Services Direct Line 210 524 1305 [email protected]

210 524 4000 R E OC Exterior Photos SAN ANTONIO

Blake M. Bonner Senior Vice President, Brokerage Services Direct Line 210 524 1305 [email protected]

210 524 4000 R E OC Original Photos SAN ANTONIO

Blake M. Bonner Senior Vice President, Brokerage Services Direct Line 210 524 1305 [email protected]

210 524 4000 R E OC Current Photos SAN ANTONIO

Blake M. Bonner Senior Vice President, Brokerage Services Direct Line 210 524 1305 [email protected]

210 524 4000 R E OC Property Summary SAN ANTONIO

Address 701 Austin St Comments

Location Austin St between E. Jones and Duval Street ƒ Easily accessible from IH-35, IH-37, and Broadway ƒ Two-story stone structure Property .3775 acres Details 6,728 SF ƒ 3 curb cuts along Austin St. ƒ Across from active railroad tracks, makes for an ideal setting Legal NCB 497 BLK 40 LOT E 75 FT OF S 60 FT OF 31 ƒ Adjacent land for parking included in sale Description ƒ Minutes from Pearl and Downtown destinations Zoning D ƒ Walkable bars, restaurants, and housing nearby

Road 346.6 Austin St Frontage Traffic Counts Austin St, just south of IH 35; 3,588 vpd (2017) Utilities Electric, Water, Sewer, Phone, Gas IH 37 just North of E Jones Ave; 154,258 vpd (2017)

Parking 30 surface parking spaces NOTE: Seller will retain the land containing the billboard and will grant a parking easement to Buyer.

Blake M. Bonner Senior Vice President, Brokerage Services Direct Line 210 524 1305 [email protected]

210 524 4000 REOC San Antonio believes this information to be accurate but makes no representations or warranties as to the accuracy of this information. R E OC Quote Sheet SAN ANTONIO

Sale Price $995,000 $775,000

Earnest Money Negotiable

Title Commitment Delivered to Buyer within ten (10) days of contract Effective Date

Survey Current survey delivered to Buyer within ten (10) days of contract Effective Date

Feasibility Period Ninety (90) days from the contract Effective Date

Closing Thirty (30) days after the end of the Feasibility Period

Disclosure A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and returned to Seller’s representative.

Blake M. Bonner Senior Vice President, Brokerage Services Direct Line 210 524 1305 [email protected] Actual Sale Price under any proposed purchase contract is a function of the relationship of numerous characteristics including credit worthiness of buyer and other factors deemed important by the Seller. This Quote Sheet does not constitute an offer. Neither this document nor any oral discussions between the parties is intended to be a legally binding agreement, but merely expresses terms and conditions upon which the Landlord may be willing to enter into an agreement. This Quote Sheet is subject to modification, prior sale or withdrawal without 210 524 4000 notice and neither party hereto shall be bound until definitive written agreements are executed by and delivered to all parties to the transaction. The information provided herein is deemed reliable, however, no warranties or representations as to the accuracy are intended, whether expressed or implied. R E OC San Antonio Overview SAN ANTONIO

Largest U.S. Cities San Antonio-New Braunfels Metro Area 1 New York 73.5% 2 Los Angeles 2000 Census 1,711,703 32.9 601,265 7.1% 0.8% 3 Chicago 2010 Census 2,142,508 34.1 763,022 2.6% 2018 Estimate 2,511,792 35.4 892,489 12.1% 4 Houston 2023 Projection 2,748,963 36.1 976,679 Population Median Age Households Total 3.7% 5 Philadelphia 0.1% Black Alone 6 Phoenix American Indian Alone Asian Alone 7 San Antonio Pacific Islander Alone Some Other Race Alone Two or More Races 8 San Diego 2000 Census $51,426 $39,029 $18,443 White Alone 9 Dallas 2010 Census $62,458 $50,146 $22,135 2018 Estimate $80,162 $57,234 $29,019 44.1% Per Capita Income Avg. Household Income Avg. 10 San Jose 2023 Projection $90,187 Median Household Income $63,405 $32,533

55.9%

Hispanic Origin (Any Race)

Major Industries Major Industries Non-Hispanic

Dallas HospitalityHospitality/Tourism & Tourism 280 miles

MilitaryMilitary

Real EstateReal Estate& Construction & Construction Fortune 500 Companies Austin SAT Rankings US 80 miles FinanceFinance Houston 1 31 San 200 miles Antonio Health CareHealth & Care Bioscience & Bioscience

2 Tesoro Corp 90 Corpus ManufacturingManufacturing Blake M. Bonner Laredo/ Christi Nvo. Laredo 145 miles $0 $5 $10 $15 $20 $25 $30 Senior Vice President, 150 miles $0 $5 $10 $15 $20 $25 $30 In Billions 3 USAA 100 Brokerage Services Mexico City Direct Line 210 524 1305 900 miles 4 iHeartMedia 426 [email protected] Located in South Central Texas within Bexar County, San Antonio occupies approximately 504 square miles. Situated about 140 miles north of the Gulf of Mexico where the Gulf 210 524 4000 Coastal Plain and Texas Hill Country meet. Sources: U.S. Census; ESRI 2014 Estimates; U.S. Census Bureau 2010, ESRI forecasts for 2018 & 2023; Fortune Demographics:Demographic and Inc 1-Mileome Profile R E OC 701 Austin St Prepared by Esri SAN ANTONIO 701 Austin St, San Antonio, Texas, 78215 Latitude: 29.43539 Ring: 1 mile radius Longitude: -98.47677

Summary Census 2010 2020 2025 Population 9,031 14,895 18,000 Households 3,315 5,627 6,958 Families 1,679 2,840 3,419 Average Household Size 2.46 2.50 2.46 Owner Occupied Housing Units 1,139 1,228 1,385 Renter Occupied Housing Units 2,176 4,399 5,573 Median Age 37.1 36.5 37.4 Trends: 2020-2025 Annual Rate Area State National Population 3.86% 1.54% 0.72% Households 4.34% 1.51% 0.72% Families 3.78% 1.47% 0.64% Owner HHs 2.44% 1.53% 0.72% Median Household Income 1.22% 1.43% 1.60% 2020 2025 Households by Income Number Percent Number Percent <$15,000 1,524 27.1% 1,756 25.2% $15,000 - $24,999 679 12.1% 797 11.5% $25,000 - $34,999 704 12.5% 889 12.8% $35,000 - $49,999 781 13.9% 1,013 14.6% $50,000 - $74,999 736 13.1% 990 14.2% $75,000 - $99,999 500 8.9% 677 9.7% $100,000 - $149,999 287 5.1% 386 5.5% $150,000 - $199,999 192 3.4% 220 3.2% $200,000+ 224 4.0% 231 3.3%

Median Household Income $33,313 $35,396 Average Household Income $54,919 $56,607 Per Capita Income $21,227 $22,330 Census 2010 2020 2025 Population by Age Number Percent Number Percent Number Percent 0 - 4 648 7.2% 1,035 6.9% 1,232 6.8% 5 - 9 564 6.2% 1,000 6.7% 1,141 6.3% 10 - 14 484 5.4% 947 6.4% 1,118 6.2% 15 - 19 497 5.5% 851 5.7% 1,041 5.8% 20 - 24 715 7.9% 1,038 7.0% 1,334 7.4% 25 - 34 1,359 15.1% 2,287 15.4% 2,550 14.2% 35 - 44 1,224 13.6% 1,873 12.6% 2,362 13.1% 45 - 54 1,440 15.9% 1,905 12.8% 2,186 12.1% 55 - 64 1,059 11.7% 1,882 12.6% 2,140 11.9% 65 - 74 538 6.0% 1,263 8.5% 1,748 9.7% 75 - 84 355 3.9% 579 3.9% 862 4.8% 85+ 146 1.6% 235 1.6% 287 1.6% Census 2010 2020 2025 Blake M. Bonner Race and Ethnicity Number Percent Number Percent Number Percent Senior Vice President, White Alone 5,671 62.8% 9,230 62.0% 11,244 62.5% Brokerage Services Black Alone 1,191 13.2% 1,831 12.3% 2,213 12.3% American Indian Alone 132 1.5% 224 1.5% 274 1.5% Direct Line 210 524 1305 Asian Alone 78 0.9% 121 0.8% 163 0.9% [email protected] Pacific Islander Alone 5 0.1% 8 0.1% 9 0.1% Some Other Race Alone 1,598 17.7% 2,926 19.6% 3,445 19.1% Two or More Races 356 3.9% 555 3.7% 652 3.6%

Hispanic Origin (Any Race) 6,272 69.4% 10,936 73.4% 13,352 74.2% 210 524 4000 Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025.

April 29, 2021

©2021 Esri Page 1 of 6 Demographics:Demographic and Inc3-Mileome Profile R E OC 701 Austin St Prepared by Esri SAN ANTONIO 701 Austin St, San Antonio, Texas, 78215 Latitude: 29.43539 Ring: 3 mile radius Longitude: -98.47677

Summary Census 2010 2020 2025 Population 116,566 129,172 140,000 Households 39,908 45,171 49,935 Families 22,594 24,728 26,778 Average Household Size 2.57 2.55 2.52 Owner Occupied Housing Units 17,569 16,913 17,566 Renter Occupied Housing Units 22,339 28,258 32,369 Median Age 33.2 34.5 35.7 Trends: 2020-2025 Annual Rate Area State National Population 1.62% 1.54% 0.72% Households 2.03% 1.51% 0.72% Families 1.61% 1.47% 0.64% Owner HHs 0.76% 1.53% 0.72% Median Household Income 1.29% 1.43% 1.60% 2020 2025 Households by Income Number Percent Number Percent <$15,000 11,689 25.9% 12,200 24.4% $15,000 - $24,999 6,553 14.5% 6,913 13.8% $25,000 - $34,999 5,328 11.8% 5,916 11.8% $35,000 - $49,999 6,658 14.7% 7,450 14.9% $50,000 - $74,999 5,952 13.2% 6,988 14.0% $75,000 - $99,999 3,448 7.6% 4,169 8.3% $100,000 - $149,999 2,795 6.2% 3,321 6.7% $150,000 - $199,999 1,001 2.2% 1,125 2.3% $200,000+ 1,746 3.9% 1,852 3.7%

Median Household Income $32,697 $34,863 Average Household Income $55,397 $58,684 Per Capita Income $20,299 $21,786 Census 2010 2020 2025 Population by Age Number Percent Number Percent Number Percent 0 - 4 8,504 7.3% 8,687 6.7% 9,365 6.7% 5 - 9 7,565 6.5% 8,036 6.2% 8,423 6.0% 10 - 14 7,023 6.0% 7,744 6.0% 8,281 5.9% 15 - 19 9,278 8.0% 9,421 7.3% 10,005 7.1% 20 - 24 11,492 9.9% 11,810 9.1% 12,345 8.8% 25 - 34 17,329 14.9% 19,856 15.4% 20,305 14.5% 35 - 44 14,616 12.5% 15,509 12.0% 17,607 12.6% 45 - 54 15,189 13.0% 14,348 11.1% 14,898 10.6% 55 - 64 11,859 10.2% 14,551 11.3% 15,164 10.8% 65 - 74 6,682 5.7% 10,927 8.5% 13,056 9.3% 75 - 84 4,636 4.0% 5,516 4.3% 7,539 5.4% 85+ 2,392 2.1% 2,768 2.1% 3,014 2.2% Census 2010 2020 2025 Blake M. Bonner Race and Ethnicity Number Percent Number Percent Number Percent Senior Vice President, White Alone 79,877 68.5% 86,542 67.0% 93,375 66.7% Black Alone 11,775 10.1% 13,030 10.1% 14,900 10.6% Brokerage Services American Indian Alone 1,382 1.2% 1,575 1.2% 1,698 1.2% Direct Line 210 524 1305 Asian Alone 1,082 0.9% 1,485 1.1% 1,827 1.3% [email protected] Pacific Islander Alone 83 0.1% 108 0.1% 124 0.1% Some Other Race Alone 18,689 16.0% 22,100 17.1% 23,329 16.7% Two or More Races 3,679 3.2% 4,332 3.4% 4,747 3.4%

Hispanic Origin (Any Race) 80,153 68.8% 92,643 71.7% 101,511 72.5% 210 524 4000 Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025.

April 29, 2021

©2021 Esri Page 3 of 6 Demographics:Demographic and Inc5-Mileome Profile R E OC 701 Austin St Prepared by Esri SAN ANTONIO 701 Austin St, San Antonio, Texas, 78215 Latitude: 29.43539 Ring: 5 mile radius Longitude: -98.47677

Summary Census 2010 2020 2025 Population 339,313 356,235 372,810 Households 117,166 123,954 130,735 Families 75,276 77,446 80,573 Average Household Size 2.75 2.73 2.72 Owner Occupied Housing Units 62,292 59,114 60,486 Renter Occupied Housing Units 54,874 64,840 70,249 Median Age 33.9 35.1 36.5 Trends: 2020-2025 Annual Rate Area State National Population 0.91% 1.54% 0.72% Households 1.07% 1.51% 0.72% Families 0.79% 1.47% 0.64% Owner HHs 0.46% 1.53% 0.72% Median Household Income 0.83% 1.43% 1.60% 2020 2025 Households by Income Number Percent Number Percent <$15,000 28,628 23.1% 28,559 21.8% $15,000 - $24,999 18,058 14.6% 18,211 13.9% $25,000 - $34,999 15,460 12.5% 16,189 12.4% $35,000 - $49,999 18,619 15.0% 19,779 15.1% $50,000 - $74,999 18,300 14.8% 20,312 15.5% $75,000 - $99,999 9,901 8.0% 11,313 8.7% $100,000 - $149,999 8,022 6.5% 8,932 6.8% $150,000 - $199,999 2,894 2.3% 3,157 2.4% $200,000+ 4,073 3.3% 4,284 3.3%

Median Household Income $34,857 $36,334 Average Household Income $55,616 $59,249 Per Capita Income $19,725 $21,133 Census 2010 2020 2025 Population by Age Number Percent Number Percent Number Percent 0 - 4 26,227 7.7% 25,322 7.1% 26,230 7.0% 5 - 9 24,924 7.3% 24,635 6.9% 24,776 6.6% 10 - 14 23,548 6.9% 23,982 6.7% 24,672 6.6% 15 - 19 26,623 7.8% 25,205 7.1% 25,926 7.0% 20 - 24 27,317 8.1% 27,151 7.6% 27,324 7.3% 25 - 34 45,913 13.5% 51,526 14.5% 50,481 13.5% 35 - 44 41,707 12.3% 41,840 11.7% 46,131 12.4% 45 - 54 44,980 13.3% 40,025 11.2% 40,158 10.8% 55 - 64 35,558 10.5% 41,468 11.6% 41,571 11.2% 65 - 74 20,805 6.1% 31,086 8.7% 36,067 9.7% 75 - 84 14,725 4.3% 16,141 4.5% 21,084 5.7% 85+ 6,985 2.1% 7,853 2.2% 8,388 2.2% Census 2010 2020 2025 Blake M. Bonner Race and Ethnicity Number Percent Number Percent Number Percent Senior Vice President, White Alone 240,143 70.8% 247,028 69.3% 258,798 69.4% Brokerage Services Black Alone 25,599 7.5% 27,461 7.7% 29,833 8.0% American Indian Alone 3,760 1.1% 3,961 1.1% 4,115 1.1% Direct Line 210 524 1305 Asian Alone 2,319 0.7% 3,071 0.9% 3,691 1.0% [email protected] Pacific Islander Alone 221 0.1% 274 0.1% 301 0.1% Some Other Race Alone 57,221 16.9% 63,310 17.8% 64,304 17.2% Two or More Races 10,050 3.0% 11,129 3.1% 11,767 3.2%

Hispanic Origin (Any Race) 252,747 74.5% 272,890 76.6% 287,989 77.2% 210 524 4000 Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025.

April 29, 2021

©2021 Esri Page 5 of 6 REOC General Partner, LLC 493853 [email protected] N/A

Brian Dale Harris 405243 [email protected] N/A

N/A N/A N/A N/A

Blake McFarlane Bonner 334780 [email protected] N/A

REOC San Antonio, 8023 Vantage Dr. Suite 1200 San Antonio, TX 78230 2105244000 2105244029 IABS Form Blake Bonner