W. ALABAMA ST. SITE

3808 Stanford & 819 W. Alabama 3808 StanfordOFFERING & 819 BROCHURE W. Alabama OFFERING+/- BROCHURE33,875 SF An Inner Loop Development+/- Opportunity 33,875 SFwith improvements in , An Inner Loop Development Opportunity with improvements in Houston, Texas 3808 Stanford St. Houston, TX 77006

819 W. Alabama St. Houston, TX 77006

3808 Stanford St. 2 Houston, TX 77006 RIVER OAKS HOUSTON CBD COUNTRY CLUB (2 MILES)

RIVER OAKS

SITE

MONTROSE

THE UNIVERSITY MIDTOWN MENIL OF ST. GREENWAY PLAZA COLLECTION THOMAS (3 MILES)

HOUSTON TEXAS COMMUNITY SOUTHERN UNIVERSITY OF COLLEGE WEST THE UNIVERSITY UNIVERSITY MUSEUM HOUSTON PLACE RICE DISTRICT THE UNIVERSITY HOUSTON TEXAS ZOO MEDICAL CENTER (3 MILES) AVAILABLE LOCATION INFORMATION 0.78 Acres | 33,875 SF • Nearly an acre of prime development land in Houston’s Montrose District, recognized as one of the most exciting 3808 Stanford St. Houston, TX 77027 & 819 W. Alabama St. Houston, TX 77006 urban communities in the country

3808 Stanford and 819 West Alabama is a 0.78 acre site within the Montrose/Museum • The site is unrestricted but is bordered by historic districts to District submarket in Houston, Texas. the north and south and is uniquely positioned to provide forever views for a hi-rise development (www.har.com/first- montrose-commons-historic-district/realestate_area/13, The subject is located between the Midtown/Downtown and District and www.har.com/audubon-place-historic-district/realestate_ features 2 buildings which include: a 3,360 SF retail center on 819 W. Alabama St. area/2) (Built in 1930, previously housed a restaurant and treatment center) and a 5,222 SF • Three miles from major employment centers including: multifamily apartment on 3808 Stanford St. (Built in 1940, 2 stories, with a total of 8 -Houston’s CBD (3,500 businesses,150,000 employees) units and average unit size of 552 SF). -Greenway Plaza (755 businesses, 25,000 employees) -Texas Med Center (15 hospitals,106,000 employees)

The Montrose District has received recognition as one of the most exciting urban • Within walking distance to St. Thomas University and the communities in the country. (www.MontroseDistrict.org). The majority of land in Museum District Montrose is used for single-family, multifamily, or retail. West Alabama is considered • In close proximity to Houston’s best entertainment one of the most important thoroughfares in the area because of its wide variety of destinations: dining, entertainment and shopping centers. Most businesses in the area are small The , , Jones Hall, Wortham Center, The , Museum of Fine Arts, family operated enterprises which gives Montrose character that is unique in Houston. Museum of Natural Science, Holocaust Museum, The Children’s Museum, Hobby Center for the Performing The Montrose District has a total of over 3,500 businesses and 16,000 employees. Arts, McGovern Centennial Gardens, Miller Outdoor OtherCOMMUNITY major employment centers AMENITIES within 3 miles distance include : Greenway Plaza Theatre among many others (755 businesses/ 25,000 employees), (15 hospitals/3 medical • Home values in the area range from $600,000 to greater than schools/ 106,000 employees), and Houston’s Central Business District (3,500 $3 million businesses /150,000 employees). • Average Household Income is above $100,000 in the Montrose/ Museum District The site is in close proximity to Houston’s top-ranked educational institutions, the • West Alabama St. averages a daily traffic count of over 13,000 Museum District (the sixth largest museum district in the U.S. with over 8 million vehicles while Montrose Blvd. averages a daily traffic count of visitors per year), and many other entertainment destinations. over 30,000 (The Subject’s main roadway intersection) • Currently, Montrose has the most multifamily developments Montrose has a high demand for new retail, restaurant, and residential concepts. 3808 in Houston with 2,258 units under construction & 3,264 units Stanford and 819 West Alabama offers investors an exceptional opportunity to develop proposed an underutilized property inside Houston’s Urban Core. • Two miles distance from , one of the top science and engineering institutions in the country PRICE TBD • Not subject to Historic District regulations 3 3808 stanford st. & 819 w. alabama st. houston,texas 77006

AERIAL MAP

N WOODLAND HEIGHTS

MEMORIAL PARK

HOUSTON RICE MILITARY ARBORETUM UNIVERSITY OF & NATURE HOUSTON DOWNTOWN BAYOU CENTER BUFFALO

RIVER HOUSTON CBD OAKS (2 MILES) COUNTRY CLUB

UPTOWN/ RIVER OAKS GALLERIA DISTRICT MONTROSE (5 MILES) THE UNIVERSITY SITE MENIL OF ST. MIDTOWN COLLECTION THOMAS GREENWAY PLAZA (3 MILES)

HOUSTON COMMUNITY THE MUSEUM TEXAS COLLEGE WEST SOUTHERN DISTRICT UNIVERSITY OF UNIVERSITY UNIVERSITY THE HOUSTON PLACE RICE UNIVERSITY HOUSTON TEXAS ZOO MEDICAL CENTER (3 MILES) N

W. ALABAMA ST. SITE MONTROSE ST. ROSELAND ST. STANFORD ST. GREELEY ST. ST.JACK

W. MAIN ST.

4 3808 stanford st. & 819 w. alabama st. houston,texas 77006

AERIAL MAP

N

W. ALABAMA ST. 33,875 SF MONTROSE ST. ROSELAND ST. STANFORD ST.

W. MAIN ST.

N W. ALABAMA ST. ROSELAND ST. STANFORD ST.

W. MAIN ST.

5 3808 stanford st. & 819 w. alabama st. houston,texas 77006

LOCATION

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a e i d e n p WEST d Source: GIS Services Divisionl h BOULEVARD e n R e r d r o ark D S E v 45 p e § ELEVENTH n ¨¦ West OAKS m t l l

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t Avondale East Germantown Norhill Avondale West Glenbrook Valley Old Sixth Ward Boulevard Oaks High First Ward Shadow Lawn Broadacres East Starkweather Courtland Place Houston Heights South West Eleventh Place First Montrose Commons Houston Heights West Westmoreland Woodland Heights 3808 stanford st. & 819 w. alabama st. houston,texas 77006

SURVEY Appraisal District Harris County 2018 Tax Rate 2.526348%

819 W. Alabama St. & 3808 Stanford St. Property ID # 0230760000001 • ACRES : 0.78 Land $2,872,830 • GROSS SF LAND : 33,875 Improvements $ 244,195 • SF IMPROVEMENTS : 8,582 Total 2018 Tax Value $ 3,117,025

UNIT MIX Apartments Commercial Building / Restaurant

Market Market Market Market Unit # of Avg Rent / Unit # of Avg Rent / Rent / SF Rent / SF Description Units Unit SF Unit Description Units Unit SF Unit 1Bd/1Bth 2 685 $950 $1.39 Commercial building 1 3,360 Vacant Vacant

1Bd/1Bth 1 578 $950 $1.64 Totals/Avg 1 3,360 Vacant Vacant 1Bd/1Bth 1 575 $950 $1.65 1Bd/1Bth 2 440 $950 $2.16 1Bd/1Bth 2 505 $950 $1.88

Totals/Avg 8 552 $950 $1.72

8 3808 stanford st. & 819 w. alabama st. houston,texas 77006

MAJOR EMPLOYERS # of UPTOWN DISTRICT/ GALLERIA Miles Employees

Central Business District (Downtown) 2.2 150,000

Greenway Plaza 2.9 25,000

Texas Medical Center 3.0 106,000

Uptown District/Galleria 4.5 82.000

University of Saint Thomas 0.4 900

Kellogg Brown & Root (KBR) 1.7 5,000 GREENWAY PLAZA NRG Energy, Inc. (Corporate Headquarters) 2.1 1,000

EP Energy 2.2 1,000 TEXAS MEDICAL CENTER

Pennzoil-Quaker State Co. 2.2 800

City of Houston 2.3 1,000

Jpmorgan Chase Bank, National Association 2.3 1,000

William Marsh Rice University 2.3 1,689

Shell Oil Company 2.4 1,000

Baker Botts L.L.P. 2.4 722

University of Houston 3.0 1,300 CENTRAL BUSINESS DISTRICT Market Market Unit # of Avg Rent / Rent / SF Description Units Unit SF Unit The Hearst Corporation 4.7 1,500 Commercial building 1 3,360 Vacant Vacant KBR TOWER Totals/Avg 1 3,360 Vacant Vacant

9 3808 stanford st. & 819 w. alabama st. houston,texas 77006

AREA ATTRACTIONS

Parks and Recreation Miles

Miller Outdoor Theatre 1.8

Hermann Park 1.9

Hermann Park Golf Course 2.0

Eleanor Tinsley Park 2.2

River Oaks Country Club 3.2

Buffalo Bayou Park 3.6

Memorial Park 5.1

Retail / Entertainment

The Menil Collection 0.6

Houston Museum of Fine Arts 1.3

Houston Museum of Natural Science 1.4

Children’s Museum of Houston 1.4

McGovern Centennial Gardens 1.5

Houston Zoo 2.0

The Galleria 5.7

Educational Institutions

St. Thomas University 0.4

Texas Southern University 2.2

Baylor College of Medicine 2.2

Rice University 2.3

University of Houston Central 3.0

University of Houston Downtown 3.0

Texas A&M University 3.0

10 3808 Stanford St. 3808 Stanford St.

3808 Stanford St.

3808 Stanford St. 3808 Stanford St.

3808 Stanford St.

11 3808 Stanford St. 819 W. Alabama St. 819 W. Alabama St.

819 W. Alabama St. 819 W. Alabama St.

12 819 W. Alabama St. 819 W. Alabama St. 3808 stanford st. & 819 w. alabama st. houston,texas 77006 AREA DEMOGRAPHICS

Radius 1 Mile 3 Mile 5 Mile

Population

2023 Projection 29,177 210,688 489,727

2018 Estimate 26,977 194,829 454,132

2010 Census 23,665 165,272 400,900

Growth 2018 - 2023 8.16% 8.14% 7.84%

Growth 2010 - 2018 14.00% 17.88% 13.28%

2018 Population by Hispanic Origin 5,489 36,835 132,972

2018 Population by Race 26,977 194,829 454,132

White 21,540 79.85% 126,752 65.06% 303,044 66.73%

Black 2,580 9.56% 45,631 23.42% 99,404 21.89%

American Indian and Alaskan 187 0.69% 957 0.49% 3,064 0.67%

Asian 2,012 7.46% 17,508 8.99% 39,876 8.78%

Hawaiian and Pacific Islander 24 0.09% 120 0.06% 352 0.08%

Other Race 634 2.35% 3,862 1.98% 8,392 1.85%

Households

2023 Projection 16,862 98,605 216,672

2018 Estimate 15,596 90,631 200,372

2010 Census 13,750 76,326 176,471

Growth 2018 - 2023 8.12% 8.80% 8.13%

Growth 2010 - 2018 13.43% 18.74% 13.54%

Owner Occupied 5,348 34.29% 34,912 38.52% 84,434 42.14%

Renter Occupied 10,247 65.70% 55,719 61.48% 115,939 57.86%

2018 Households by HH Income 15,596 90,631 200,372

Income Less Than $25,000 2,829 18.14% 15,796 17.43% 40,966 20.44%

Income: $25,000 - $50,000 2,597 16.65% 12,647 13.95% 34,396 17.17%

Income: $50,000 - $75,000 2,412 15.47% 11,987 13.23% 27,698 13.82%

Income: $75,000 - $100,000 1,265 8.11% 9,213 10.17% 20,193 10.08%

Income: $100,000 - $125,000 1,509 9.68% 8,172 9.02% 16,463 8.22%

Income: $125,000 - $150,000 907 5.82% 5,940 6.55% 10,932 5.46%

Income: $150,000 - $200,000 1,299 8.33% 8,936 9.86% 15,606 7.79%

Income: $200,000 or more 2,778 17.81% 17,940 19.79% 34,118 17.03%

Source: CoStar Realty Information, Inc, January 2019

13 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

14 INVESTMENT CONTACTS PROPERTY TOUR INQUIRIES

Primary Contact: Tranica Henderson Marketing Coordinator Ed Cummins Lupe Olivares 713.272.1276 Senior Vice President Assistant Vice President [email protected] 713.272.1288 713.272.1290 [email protected] [email protected]

A. David Schwarz III, SIOR Carlos P. Bujosa Vice President Vice President 713.270.3371 713.272.1289 [email protected] [email protected]

The information provided herein was obtained from sources believed reliable; however, Transwestern makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. Copyright © 2015 Transwestern. 10-1035.0610. This offering is submitted and received with the understanding that all offers for the acquisition of the herein described property will be conducted through Transwestern. The Seller, Transwestern expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any entity at any time with or without notice.

1900 West Loop South, Suite 1300 Houston, Texas 77027 | T 713.270.7700 | F 713.271.8172 | www.transwestern.com