DEVELOPMENT OPPORTUNITY Interstate 10 San Antonio, TX
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DEVELOPMENT OPPORTUNITY Dominion Oaks Interstate 10 San Antonio, TX ANTHONY “BUTCH” LAGRED | (210) 216-8925 Director, RE/MAX Corridor | (210) 659-6700 Commercial Division | [email protected] Disclaimer This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of Dominion Oaks (the “Property”). This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and RE/MAX Corridor Commercial Division. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Neither the Owner or RE/MAX Corridor Commercial Division, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or RE/MAX Corridor Commercial Division. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or RE/MAX Corridor Commercial Division. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to RE/MAX Corridor Commercial Division. Table of Contents Executive Summary Property Highlights Amenity Map Location Overview Demographics Executive Summary RE/MAX Corridor Commercial Division is pleased to exclusively present up-to 8.2 Acres of land for sale or lease along Interstate 10. Located in San Antonio’s fast-growing North West Corridor, this site provides excellent demographics and outstanding visibility along the highly trafficked Interstate 10. - Build to Suit & Joint Venture Possibilities - All Utilities will be provided The subject property is located on the fast growing NW corner of San Antonio -- the property sits directly across from the exclusive Dominion Country Club which has an average HH income of over $161,000. The property is a short distance from the highly developed 1604 / IH10 intersection with La Cantera Shopping Center, The RIM Shopping Center, The Palladium IMAX Theatre, Six Flags of Texas Theme Park, Top-Golf and the Univ. of Texas San Antonio (UTSA). According to Moody’s, population will continue to rise by about 40,000 per year, far faster than the US average. The number of households is expected to rise by 80,440 over the next five years, after having risen by 103,280 in the past five years. 04 Property Highlights 8.2 Acres For Sale (All or Part) Build-to-Suit Opportunity (Lease Availability focused on Office Space / Medical Office) Asking Price is $17.00 per square foot Utilities Included Joint Venture Possibilities 05 Site Plan 06 Site Plan 07 Amenity Map Grand at the Dominion Apartments The Market at Boerne Stage Leon Springs Elementary School I-10 (87,480 VPD) Dominion Crossing Stonewall Pkwy Texas Army National Guard Andalucia Gated Community Bonnie Ellison Elementary Enclave at Dominion Apartments Isle at Watercrest Dominion Apartments Marquis Cresta Bella Apartments 08 Location Overview San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $96.8 billion. This ranks the city fourth in Texas and 38th in the United States. San Antonio’s economy focuses primarily on military, health care, government-civil service, financial services, oil and gas, and tourism. Within the past twenty years, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. Located about 10 miles northwest of Downtown is South Texas Medical Center, a conglomerate of various hospitals, clinics, and research and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy. The City of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others. San Antonio is the headquarters of six Fortune 500 companies: Valero Energy, Andeavor (formerly Tesoro Corp), USAA, iHeartMedia, NuStar Energy, and CST Brands, Inc.. H-E-B, the 13th-largest private company in the U.S. is also based in San Antonio. Other companies headquartered in the city include Bill Miller Bar-B-Q Enterprises, Carenet Healthcare Services, Security Service Federal Credit Union, Visionworks of America, Frost Bank, Harte-Hanks, Kinetic Concepts, SWBC, NewTek, Rackspace, Taco Cabana, Broadway Bank, Zachry Holdings/Zachry Construction Company, Randolph-Brooks Federal Credit Union, SAS, and Whataburger. The North American Development Bank, a development institution jointly held by the governments of the U.S. and Mexico, is headquartered in San Antonio, as well. Other notable companies that. Maintain sizable presences in the city include Hulu, OCI, Kaco New Energy, Silver Spring Networks, Toyota, Argo Group, EOG Resources, Microsoft, Cogeco Peer1 and Boeing. In 2015, San Antonio was ranked at No. 50 by Forbes magazine on their list of the “Best Places for Business and Careers”, while being listed as the 15th best market for job growth. 09 Demographics 1 MILE 3 MILES 5 MILES 10 DEVELOPMENT OPPORTUNITY Dominion Oaks, Interstate 10, San Antonio, TX PRESENTED BY ANTHONY “BUTCH” LAGRED Director, RE/MAX Corridor Commercial Division | (210) 216-8925 | (210) 659-6700 | [email protected] Information About Brokerage Services RE/MAX Corridor 9000109 [email protected] (210) 659-6700 Tim Brown 511523 [email protected] (210) 659-6700 Anthony Lagred 664432 [email protected] (210) 659-6700.