±2 Acres at 2505 W 11Th St

±2 Acres at 2505 W 11th St.

dmre.com 1 BROKER CONTACT Clark Dalton, Senior Vice President | [email protected] | 713.955.3122 Property Details At A Glance

DETAILS 2019 TAX RATES 001 HOUSTON ISD 1.206700

2505 W 11th St. ADDRESS 040 HARRIS COUNTY 0.418580 Houston, TX 77008 041 HARRIS CO FLOOD CNTRL 0.028770

042 PORT OF HOUSTON AUTHY 0.011550 LAT., LONG. 29.788771, -95.428145 043 HARRIS CO HOSP DIST 0.171080

044 HARRIS CO EDUC DEPT 0.005190 SIZE ±2 Acres 048 HOU COMMUNITY COLLEGE 0.100263

061 CITY OF HOUSTON 0.588310 UTILITIES City of Houston Dosch Marshall Real Estate (DMRE) has TOTAL 2.530803 been exclusively retained to represent the Seller in the marketing and sale of this SCHOOLS Houston ISD property. 2019 DEMOGRAPHICS All inquiries about the Property should 0-1 mi 0-3 mile 0-5 miles PARCEL ID 0440820000546 be directed to DMRE. Est. Population 2019

CLICK HERE FOR LISTING 13,694 130,416 268,830 OWNER Festival Properties Inc Average Household Income

MAKING AN OFFER $129,866 $153,189 $138,500 Offers should be presented in the LEGAL TR 62 ABST 642 J REINERMAN form of a non-binding Letter of Intent, Median Value Of Owner Occupied Housing Units and should include: $336,764 $336,253 $314,130 PRICE Call for Pricing • Pricing • Description of Debt/ • Due Diligence and Equity Structure Closing Timeframe • Qualifications to • Earnest Money Close DETENTION On Site Deposit • Development Plans dmre.com 2 Area Highlights

PRIME LAND SITE IN KINGWOOD AREA

LOCATED IN THE HEART OF THE LAKE HOUSTON REGION WHICH CONSISTS OF LAKE HOUSTON ATASCA WOODS KINGWOOD, ATASCOCITA, SUMMERWOOOD, Home Values up to $500K GENERATION PARK AND HUMBLE

• The region has a total population of 256,074 Atascocita Plaza ATASCOCITA SOUTH • Located just 20 miles north of Downtown Houston Atascocita Commons Home Values up to $300K ATASCOCITA RD ZONED TO HUMBLE ISD THE #6 BEST SCHOOL DISTRICT IN THE HOUSTON AREA CLOSE TO LAKE HOUSTON’S BEST KINGS PKWY KINGWOOD GLEN VILLAGE ENTERTAINMENT AND RETAIL Home Values up to $350K W E S T • Atascocita Town Center, Atascocita Commons, L A K E H O U S T O N P K The Market at Lake Houston, and Life Time Fitness W Y ±35.738 ACRES are within 1 mile of the Property • The master planned communities of Kingwood, Kings UPPER LAKE DR Park Summerwood, Generation Park, and Fall Creek are within 6 miles off the Property

KINGS RIVER VILLAGE Home Values up to ATASCOCITA$450K COMMONS LAKE HOUSTON 2 MILES 5 MILES

GENERATION PARK BUSH AIRPORT 9 MILES 10 MILES

dmre.com 3 Property Survey

dmre.com 4 Area Highlights Parks & Recreation

LAKE HOUSTON WILDERNESS PARK dmre.com 5 PRIME DEVELOPMENT OPPORTUNITY IN THE HEIGHTS AREA • Located in one of the fastest growing areas of Houston; The Heights is known to be one of the most walkable neighborhoods in Houston with one of the most active communities in Houston, The HHA, and numerous parks, trails and yelp-rated establisments Area Highlights Prime land site in Timbergrove

PRIME DEVELOPMENT OPPORTUNITY IN TIMBERGROVE • Located near the Heights with close proximity to popular eateries, lively bars, and numerous parks (Memorial Park & W 11th St Park) and trails (Heights Hike and Bike Trail & White Oak Bayou Greenway CONVENIENT ACCESS TO I-10 VIA W.11TH AND T C JESTER BLVD • Fast access to Uptown / Galleria District, the 17th largest business district in the U.S., which is home to Houston’s largest concentration of high-fashion retail and hotels, hosting more than 20 million visitors a year. CLOSE TO HOUSTON’S BEST ENTERTAINMENT AND RETAIL • Memorial Park has 30 miles of trails scattered around the park for running, walking, hiking and is currently also undergoing a 10 year redevelopment plan. • Newly developed H-E-B, Heights Waterworks, Heights Central Station and the W. 19th St. Shopping District are less than 2 miles away. • Rice Military, Uptown, Washington Corridor, Memorial Park, River Oaks, Buffalo Bayou, and the future redevelopment of the Houston Farmer's Market (expected to be fully operational in 2019) are within 3 miles of the property.

WHITE OAK BAYOU GREENWAY TRAIL MEMORIAL PARK 2,978 FEET 1 MILE

DOWNTOWN HEIGHTS UPTOWN/GALLERIA 1.75 MILES 2.85 MILES

dmre.com 6 Area Highlights

Employment 26,000,000+ 1st Quarter 2017 commercial office 81.5% square foot CLASS A OCCUPANCY

15th largest business district in the U.S. Diverse tenant base: a wide variety of energy, legal, 82,000+ tech and medical employers protect Uptown District employees from the ups and downs of the price of oil.

Top Employers Living

180,000+ 2,000+ residents within a companies three-mile radius

$106,000+ average household income within a 3 13% mile radius total Class A office space (2nd to Downtown) 36.5 median age Hospitality Retail

1st Quarter 2017 1st Quarter 2017 200,000+ 100% people per day converge HOTEL RETAIL in Uptown Houston to OCCUPANCY OCCUPANCY work, dine, or shop. Nearly 7,800 luxurious rooms, which The Galleria maintain the highest RevPAR (Revenue Hosts more than 35 million visitors annually FIRST per Available Room) in Houston Number one shopping & tourist attraction in Houston designated scenic 34 hotels - more than any other district in Houston district in Houston Seventh largest retail complex in the U.S Area Highlights

Transportation Living Downtown’s tallest residential high- rise, Market Square Tower, reached OVER Developers have delivered over 3,000 residential Transit 93 units in the last two years, 371 units are under 90% OCCUPANCY $9 BILLION construction, with another 1,179 planned. in public & private investments have 3 MONTHS Bike 77 been made over the past two decades. A NETWORK Expected to add over 5,000 new residents in the ahead of the projected timelime. OF INTEGRATED next three to five years. MULTI-MODAL 257% resident growth between 2007 & 2017 Walk 76 transit systems provides convenient in the downtown core commute options. 157,000+ 10,000+ 9 COMPANY ApartmentData.com named Downtown as the 4,007 OVER 50% 10 PARKS 0 20 40 60 80 100 Jobs Residents Headquarters hottest rental submarket in Houston Households 34 years & younger. Score

Employment Top Employers # Employees of Downtown employees Entertainment 51,000,000+ Chevron 8,600+ 32% use public Over 10 million people visit Downtown annually. Home to the recently renovated 1.9 million square foot George R. Brown Convention Center, one of the ten office square foot Shell Oil Company 7,000+ transit to get to work. largest convention centers in the nation. Chase Bank 4,892+ Sports CenterPoint Energy 3,826+ Downtown welcomed over 1 million visitors during SuperBowl LI.

82.5% KBR 2,958+ Toyota Center, home to the NBA’s Houston Rockets, seats up to 18,000 & hosts over 100 events annually. office occupancy Minute Maid Park, home to the Astros, has a seating capacity of 40,963. (Class A) NRG/Reliant Energy 2,300+ 105,000+ passengers transit BBVA Compass Stadium, home to MLS’s Houston Dynamo, Houston Dash & Texas Southern University Tigers ExxonMobil Corporation 2,200+ through Downtown football team, seats 22,039. on a daily basis. Hess 2,000+ Major Sports/Concert Venue Capacity: 150,000. Education Hospitality 20 Kinder Morgan 1,860+ Theater Fortune 500 13,919 students & 46,627 alumni 7,803 hotel rooms. Downtown’s Theater District is the 2nd Deloitte 1,700+ largest performing arts district in the Companies 43 Bachelor's degree & 8 Master's 564 hotels under construction nation. degree programs Enterprise Products Partners 1,360+ 400+ planned hotels 4 major arts venues - Jones Hall, Ernst & Young 1,300+ Wortham Theater Center, Alley Theatre Dining Retail & the Hobby Center for the Performing 9 Waste Management, Inc. 1,270+ Over 300 restaurants, coffee shops 415+ of restaurants, bars and clubs. Arts Fortune 500 and bars. PriceWaterhouseCoopers 1,236+ 5 new retailers. 13,000 of theatre district seating Companies Outdoor seating available in over capacity. 28+ planned retailers (including 3 Headquarters LyondellBasell Industries 1,200+ 20% of restaurants & cafes. Food Halls) Area Highlights Downtown cont.

Clark Dalton Tim Dosch Senior Vice President Principal [email protected] [email protected] 713.955.3122 713.955.3127

David Marshall Tom Dosch Principal Principal [email protected] [email protected] 713.955.3126 713.955.3125

JP Hayes Dakota Dosch Vice President Analyst [email protected] [email protected] 713.955.4473 713.955.4472

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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 Contact Us 713.955.3120 777 Post Oak Blvd, Suite 255 Houston, TX 77056 www.dmre.com

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