OFFERING MEMORANDUM ±1.675 acres at 7706 South Main Street Houston, Texas, 77030
HERMANN PARK RICE UNIVERSITY
TEXAS MEDICAL CENTER
FANNIN ST
W HOLCOMBE BLVD HIP Fitness
Braeswood Place Home Values High-Rise Apts $519K - $1.9M Opening 2019 SMITHLANDS TRANSIT STATION
N BRAESWOOD BLVD
±1.675 ACRES S BRAESWOOD BLVD LIGHT RAIL
TIRR Memorial Hermann S MAIN ST TMC RED LINE SHUTTLE Outpatient Rehabilitation TMC GOLD LINE SHUTTLE Radiation Therapy Dialyspa Morningside Thai Restaurant
Opening 2019
The Millennium Kirby KIRBY DR
BROKER CONTACT David Marshall, Principal | [email protected] | 713.955.3126 WWW.DMRELAND.COM ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 2
Prime Land Site Adjacent to the Texas Medical Center Property Details Less than one mile from the world’s largest medical Details complex LOCATION 7706 South Main Street, Houston, TX 77030 • Direct access to the Texas Medical Center via Main Street LAT., LONG. 29.697061, -95.414268 • Situated on the TMC Shuttle Gold Route - for more informa- tion please visit tmcpublic.etaspot.net SIZE ±1.675 acres • 106,000 employees - More than Exxon, Apple, or Google 294.15’ S BRAESWOOD BLVD UTILITIES Available • TMC3, a new 30-acre translational research campus with hotel and conference center, breaks ground in 2019; pro- SCHOOLS Houston ISD jected completion is in 2022 DETENTION Offsite Convenient access to TX-288 and Loop 610 ±1.675 ACRES ~228.26’ PARCEL ID 1291620010003 • Via Kirby Drive and Main Street OWNER UG TX II LLC • The Property is situated only 2.5 miles south of US-59 and just one mile north of South Loop 610 LEGAL RES C BLK 1 MARRIOT COURTYARD PRICE TBD by market Close to Houston’s best entertainment and retail • NRG Park, Rice Village, Hermann Park, and the Houston 2018 Tax Rates Zoo are within two miles of the Property 1 HOUSTON ISD 1.206700 • The Galleria/Uptown District, Downtown Houston, and ~180.8’ Upper Kirby are within five miles of the Property 40 HARRIS COUNTY 0.418010
~114.2’ 41 HARRIS CO FLOOD CNTRL 0.028310 Convenient Infill Location 42 PORT OF HOUSTON AUTHY 0.012560
TMC <1 MILE GREENWAY PLAZA 2.6 MILES 43 HARRIS CO HOSP DIST 0.171100 RICE RICE ~74.39’ VILLAGE DOWNTOWN UNIVERSITY HERMANN 44 HARRIS CO EDUC DEPT 0.005195 GALLERIA/UPTOWN HOUSTON 4.5 MI PARK DISTRICT 3.6 MI WEST UNIVERSITY PLACE 48 HOU COMMUNITY COLLEGE 0.100263 FANNIN ST HOME VALUES UP TO $18M ~386.0’ TEXAS 61 CITY OF HOUSTON 0.584210
610 GREENBRIAR DR MEDICAL
KIRBY DR KIRBY MAIN ST CENTER TOTAL 2.526348 W HOLCOMBE BLVD BELLAIRE 2018 Demographics
VA 0-1 mi 0-3 mile 0-5 miles ±1.675 ACRES BRAESWOOD BLVD HOSPITAL CAMBRIDGE ST BUFFALO SPDWY BUFFALO WESLAYAN ST WESLAYAN Est. Population 2018 Exclusive Representation Making an Offer BRAESWOOD PLACE THE GALLERIA 3.6 MILES UPPER KIRBY 2.8 MILES 19,599 153,368 437,640 HOME VALUES UP TO $1.9M OLD SPANISH TRL/ALT-90 Dosch Marshall Real Estate (DMRE) has been exclusively re- Offers should be presented in the form of a non-binding Letter WOMEN’S HOSPITAL tained to represent the Seller in the disposition of ±1.675 acres of Intent, and should include: 5-Yr Est. Population Growth OF TEXAS FM 521 at 7706 South Main Street Houston, TX 77030 (the Property). • Pricing 6.04% 5.75% 6.68% 1 MILE All inquiries about the Property should be directed to DMRE. • Due Diligence and Closing Timeframe NRG Average Household Income • Earnest Money Deposit PARK 2 MILES $127,054 $142,545 $122,406 Property Website • Description of Debt/Equity Structure • Qualifications to Close Median Value Of Owner Occupied Housing Units 610 dmreland.com/listings/#1489 • Development Plans $279,024 $356,990 $279,361 ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 3
Proximity to the Texas Medical Center Proximity to Other Houston Highlights
UPPER IR . MILES MEMORIAL HERMANN REE A PLA A 3 MILES Fine Dining $650 million renovation Pondicheri, leming s, Grace s, Giacomo s Ci e e Vino, and expansion 4.25M+ SF Class A office and 25,000 employees Chu s, Carra as, Tur uoise Grill, s Cafe, Goode Co. Seafood and Goode Co. Ta ueria, The ueen Vic Pu METHODIST WEST PAVILION Baylor College of Medicine itchen, and ata Ro ata Theater RICE SCURLOCK TOWER • Leaders for biomedical research The Music o High-End Retail ST LUKE’S MEDICAL TOWER • Hosts approximately, 3,378 faculty and 1,211 UNIVERSITY students hole oods Mar et, ed ath e ond, Ulta, Tootsies, Ivor ridal Atelier, Clothier, R e 51, St. Nicola TEXAS MEDICAL • Ranks 7th in the nation for primary care and TEXAS CHILDREN’S HOSPITAL 13th for research according to the U.S. News $506 million expansion RICE ILLA E 1.3 MILES CENTER and World Report West University Place Over 300 shops in the immediate 16-block area TEXAS WOMEN’S UNIVERSITY Boutiques & Eclectic Retail Home Values Chico s, Tal ots, Elaine Turner, Guess, hite House $510K - $18M lac Mar et, anana Repu lic, and endra Scott Diverse Dining SHRINERS HOSPITAL apanese, Chinese, rench, Italian, Me ican, Spanish, Mediterranean, and Vietnamese Baylor St. Luke's PRESSLER ST Emergency Center TMC RED LINE SHUTTLE The University of Texas Health Science W HOLCOMBE BLVD Center
• Fills three million square feet of the Texas Residences at Gramercy MAIN ST HIP Fitness GREENBRIAR DR Medical Center • Hosts more than 350 undergraduate students, 3,399 post graduate students, and 1,261 fac- ulty members KIRBY DR Braeswood Place Braeswood Place Home Values Home Values 7575 Kirby Condominiums $519K - $1.9M $519K - $1.9M
N BRAESWOOD BLVD TMC GOLD LINE SHUTTLE ±1.675 ACRES
N BRAESWOOD BLVD Rice University Radiation Therapy S BRAESWOOD BLVD LESS THAN 1 MILE TMC GOLD LINE SHUTTLE • Comprehensive research university consis- tently ranked among top 20 universities in the TIRR Memorial Hermann U.S. overall Outpatient Rehabilitation • One of only three Tier One universities in Texas Dialyspa S. MAIN ST S BRAESWOOD BLVD Morningside Thai Restaurant • 665 full-time and 197 part-time instructional ±1.675 ACRES faculty • 98% of full-time instructional faculty have a The Millennium Kirby doctorate or terminal degree in their field • 3,879 undergraduate and 2,744 graduate degree-seeking students ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 3
Employment Education orld s Largest Medical Center ORLD S Leaders for biomedical research 10 ,000 Hosts approximately, 3,3 8 aculty 9, 00 180,000 LAR EST total employees and 1, 11 students total patient beds annual surgeries Children’s Hospital Ranks th in the nation for TE AS MEDICAL primary care 3 illion 8,000,000 0,000 ORLD S estimated regional Ranked among top 0 universities patient visits ER visits per year in the U.S. overall per year LAR EST CENTER economic impact Cancer Hospital One of only three Tier One 1,34 universities in Texas full-time faculty total acres Entertainment 3 illion 3,8 9 undergraduate , 44 graduate students 8th largest in construction projects underway business district in Fills three million square feet of the U.S the Texas Medical Center 9 Over 3,399 post-graduate students 0 million 1, 1 faculty member developed square feet institutions
Innovation & Research Recently kicked off a new NRG Park NRG Stadium Rice Village Texas Medical Center Innovation Institute Home of the Houston Texans 1, 00 seating capacity, 9 ,000 s uare oot 300 shops over 16 blocks recently cut the ribbon on the Center for Device Innovation at Texas Medical Center, a collaboration between natural grass playing field Texas Medical Center, Johnson & Johnson Medical Devices Companies and Johnson & Johnson Innovation. ,000,000 Host of the orld s largest entertainment and Brays Bayou Greenway livestock exhibition, the Houston Livestock Show 30 miles of greenspace and trails Texas Medical Center 3 venture fund and Rodeo NRG Arena the medical center s translational research campus, will bring together several member institutions, Host of Super o l LI in 2017 349,000 s uare oot event facility Hermann Park including Baylor College of Medicine, Texas A&M University and The University of Texas System; the campus 44 acres has an estimated economic impact of . billion once the campus gets underway in the next couple NRG Center Hermann Park Golf course, Miller Outdoor Theatre, of years. NRG Astrodome Houston Zoo, Museum of Natural Science 1.4 million s uare oot exhibit and conference 1 million s uare oot football baseball, concert facility facility, 0,000 max seating capacity ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 4
Upcoming Developments Major TMC Institutions
3 A TMC C 1 1 Shriners Hospital • New 30-acre translational research campus will serve as the cornerstone for biomedical advancements 1 10 2 HCC Coleman • Breaks ground in 2019; projected completion in 2022 14 9 8 19 • Third-party impact study predicts that TMC3 will drive HERMANN PARK 17 $5.2 billion into the Houston economy and create nearly 3 UT Health - University Center Tower & Sarofim 30,000 jobs 13 1 18 D Research • 410-room hotel and conference center providing provide 4 MD Anderson - Duncan Building & Mays Clinic 50,000 square feet of meeting space RICE UNIVERSITY 11 4 B Texas Children’s Hospital • $506 million expansion - expected completion: 2018 A 5 UT Health - School of Nursing & School of Public • Adding 19 floors to existing tower for new heart center, 1 E 3 Health expanded critical care, and diagnostic and therapeutic 6 UT Health/MD Anderson Cancer Center - Pickens services FANNIN ST Tower C Memorial Hermann • $650 million renovation and expansion; expected com- 7 MD Anderson Cancer Center pletion: 2018 MAIN ST • New patient care building and upgrading infrastructure 8 TIRR Memorial Hermann • Adding 1.3 million square feet in a new space and GREENBRIAR DR increasing their size by 50% SMITHLANDS 9 Baylor College of Medicine D Baylor St. Luke’s McNair Campus • New 1.2-million-square-foot facility on 27.5 acres in var- ious stages of completion, renovation and construction; H 10 Ben Taub Hospital xpected completion: 2019 Braeswood Place • Second patient tower with 650 patient beds and medical Home Values 11 Texas Women’s University office building planned LIGHT RAIL $519K - $1.9M N BRAESWOOD BLVD E HCC Coleman College for Health Sciences building TMC RED LINE SHUTTLE 12 CHI St. Luke’s Hospital • The 10-story midrise; completion August 2018 TMC GOLD LINE SHUTTLE F Blossom Hotel Houston 13 Texas Children’s Hospital • 9-story hotel ±1.675 ACRES I G Medistar - Hotel & Apartment High-rise 14 Houston Methodist • 357-unit hotel and 375-unit apartment building B C • Retail and restaurants are planned for street level 15 UT Medical School H Allen Harrison - High-rise Apartments (South Main) • 11-story building with 186 apartment units S BRAESWOOD BLVD 16 Memorial Hermann
I Residence Inn by Marriott - High-rise Hotel 17 MD Anderson - Mid Campus Bldg 1 • 16-story, 182-room hotel KIRBY DR • opening is scheduled for early 2019 18 Baylor College of Medicine Medical Center * University of Texas Houston - New campus planned • 300 acres located at Buffalo Point about 3.5 miles south 19 VA Hospital of the Texas Medical Center ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 5
Recreation & Entertainment
NRG Center NRG STADIUM • Home of the Houston Texans Hermann Park • State-of-the-art facility has hosted major events such as Hermann Park’s 445 acres hold a number of enter- 610 the Super Bowl, NCAA Final Four tournaments, and the tainment options and venues for visitors, including world’s largest entertainment and livestock exhibition, the the McGovern Centennial Gardens, Hermann Park Houston Livestock Show & Rodeo Golf course, the Miller Outdoor Theatre, a jogging R PAR • Host of Super Bowl LI in 2017 track, the Houston Zoo, the Museum of Natural Host of the Houston Livestock how and odeo and the uper owl L in • NRG Center: 1.4 million-square-foot exhibit and conference Science with the Cockrell Butterfly Exhibit, the Buddy facility G Center - 1.4M S e hi it and conference facilit Carruth Playground For All Children, the Japanese G tadium - 71,500 seating capacit , 7,000 S • NRG Stadium - 71,500 seating capacity, 97,000-square-foot Garden, McGovern Lake with its paddle boats, the natural grass pla ing field natural grass playing field ever popular Hermann Park Mini-Train and the Jud- G Arena - 34 ,000 S event facilit • NRG Arena - 349,000-square-foot event facility G Astrodome - 1M S foot all ase all concert son Robinson, Jr. Community Center. facilit , 70,000 ma seating capacit • NRG Astrodome - 1 million-square-foot football/baseball/ Home alues concert facility, 70,000 max seating capacity to 2.23 Olive Garden Rice Village RICE VILLAGE HERMANN PARK Chipotle Pappas ar ue • Over 300 shops in the immediate 16-block area The rench Corner • Boutiques and eclectic shops as well as high-end clothing stores such as Chico’s, Talbots, Elaine Turner, Guess, White House Black Market, Banana Republic, and Kendra Scott • Dining options include a variety of food from all over the world including Japanese, Chinese, French, Italian, Mexi- can, Spanish, Mediterranean, and Vietnamese e illennium ir y I emorial Hermann ut atient e a ilitation Brays Bayou Greenway Dialys a adiation era y ornin side ai estaurant • Provides approximately 30 miles of public greenspace and Opening 2019 hike-and-bike trails KIRBY DR S MAIN ST OLD SPANISH TRAIL/ALT-90 Spic Pic le BRAYS BAYOU GREENWAY HERMANN PARK Gla ed Tiffs Treats
TMC GOLD LINE SHUTTLE