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±3.36 Acres on Knight Road Houston, TX 77054

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±3.36 Acres on Knight Road Houston, TX 77054 10 Hermann Park HOUSTON CBD 10 Houston Zoo 45 Hermann Park Golf Course TEXAS MEDICAL CENTER BRAESWOOD BLVD ALMEDA RD OLD SPANISH TRAIL GREENBRIAR DR BERTNER AVE CAMBRIDGE ST WEST RD Schweppe Park ST EL PASEO ST ±3.36 SEO PA EL ACRES : KNIGHT RD FANNIN ST W O R RE TU L FU NTIA POTE NRG Center NRG Stadium NRG Arena NRG Astrodome ±3.36 Acres on Knight Road Houston, TX 77054 OFFERING MEMORANDUM Contacts, Due Diligence, & Offer Requirements Becky Hand Tim Dosch Dosch Marshall Real Estate Principal Senior Associate 713.955.3120 [email protected] [email protected] 777 Post Oak Blvd 713-955-3127 713-955-3121 Houston, TX 77056 www.dmreland.com Exclusive Representation Dosch Marshall Real Estate (DMRE) has been exclu- David Marshall Dillon Mills sively retained to represent the Seller in the disposition Principal Senior Associate of ±3.36 acres on Knight Road in Houston, TX 77054 [email protected] [email protected] (Property). All inquiries about the Property should be directed to DMRE. 713-955-3126 713-955-3123 About DMRE Dosch Marshall exists to provide unmatched real estate brokerage services across the U.S. by connect- ing our expansive network, market knowledge, and expertise in land brokerage with innovative processes. Tom Dosch Tripp Rich Founded in 2017, but in the Houston market for the past 15 years, our goal is to represent our clients with Principal Transaction Manager excellence. In real estate as in other industries expe- [email protected] [email protected] rience is key: collectively, DMRE has 40 years of ex- 713-955-3125 713-955-3124 perience. Tim Dosch, David Marshall, and Tom Dosch have all been chosen in recent years for the Houston Heavy Hitters, an award that recognizes those who have traded the largest transactions in Houston for the year. Clark Dalton Kenneth Danna Vice President Analyst [email protected] [email protected] 713-955-3122 713-955-3120 ±3.36 ACRES ON KNIGHT ROAD 2 Property Details Property Details West side of Knight Road between Holly Hall Street and Old LOCATION Spanish Trail LAT., LONG. 29.689534, -95.401455 ST O SE PA L TOTAL ACRES ±3.368 Acres : E W ~603’ RO E UR UT FRONTAGE (APPROX.) 250ft on Knight Road L F TIA 389.62’ TEN PO ACCESS Knight Road UTILITIES City of Houston KNIGHT RD ±3.368 ACRES · 146,703 SF SCHOOL DISTRICT Houston ISD The cost for the detention vault and to extend El Paseo Road is 133.00’ 559.39’ estimated at $6.9 million. Of this amount, the El Paseo exten- ADDITIONAL INFO sion is expected to cost $300,000 to $500,000. These figures are to be used as an estimate only and potential buyers are encour- aged to perform their own due diligence. 2017 Tax Rates Making an Offer 1 HOUSTON ISD 1.206700 Offer Information 40 HARRIS COUNTY 0.418010 Offers should be presented in the form of a non-binding Letter of Intent, and should include: 41 HARRIS CO FLOOD CNTRL 0.028310 • Pricing 42 PORT OF HOUSTON AUTHY 0.012560 • Due Diligence and Closing Timeframe • Earnest Money Deposit 43 HARRIS CO HOSP DIST 0.171100 • Description of Debt/Equity Structure 44 HARRIS CO EDUC DEPT 0.005195 • Qualifications to Close • Development Plans 48 HOU COMMUNITY COLLEGE 0.100263 Due Diligence Information 61 CITY OF HOUSTON 0.584210 To access the due diligence information please visit the Property website at: TOTAL 2.526348 dmreland.com/listings/#623 2018 Demographics Additional Property Details 0-1 mile 0-3 miles 0-5 miles PARCEL ID 1182710010001 EST. POPULATION 17,372 139,257 399,367 OWNER EL PASEO DRIVE LAND LLC 5-YR EST. POPULATION GROWTH 6.20% 7.18% 7.24% PROPERTY KNIGHT RD HOUSTON, TX 77054 AVERAGE HOUSEHOLD INCOME $64,310 $127,247 $123,556 LEGAL RES A BLK 1 ASTRODOME OAKS SEC 1 R/P PAR R/P MEDIAN OWNER-OCCUPIED HOUSING VALUES $135,449 $256,887 $221,187 ±3.36 ACRES ON KNIGHT ROAD 3 Property Survey 559.39’ 133.00’ 389.62’ ~603’ ±3.36 ACRES ON KNIGHT ROAD 4 Property Aerial 610 BRAESWOOD BLVD Olive Garden Chipotle Pappas Bar B Que ~Host of the Houston Livestock Show and Rodeo The French Corner and the Super Bowl LI in 2017 Spicky Pickle ~NRG Center - 1.4M SF exhibit and conference facility Glazed ~NRG Stadium - 71,500 seating capacity, 97,000 SF Tiffs Treats natural grass playing field ~NRG Arena - 349,000 SF event facility KIRBY RD ~NRG Astrodome - 1M SF football/baseball/concert OLD SPANISH TRAIL facility, 70,000 max seating capacity FANNIN ST T S O E S A P IMT MEDICAL CENTER L E : W O R E R U T U ±3.36 F L A ACRES I T N E T O P KNIGHT RD EL PASEO ST ±3.36 ACRES ON KNIGHT ROAD 5 Texas Medical Center <1 mile from the Property Leader in innovation & research Home to the world’s 59 • TMC Innovation Institute recently cut the ribbon on the Center largest cancer hospital: member institutions for Device Innovation @ Texas MD Anderson Cancer Medical Center, a collabora- tion between TMC, Johnson & Home to the world’s Johnson Medical Devices Com- 9,200+ panies and Johnson & Johnson largest children’s hospital: Innovation total patient beds Texas Children’s Hospital • TMC3, the medical center’s translational research campus, will bring together several mem- ber institutions, including Baylor College of Medicine, Texas A&M The largest medical 8 million University and The University of center in the world patient visits per year Texas System; the campus has an estimated economic impact of $5.2 billion once the campus gets underway in the next couple of years 50 million 13,600+ $2 billion • Recently kicked off a new $25 million venture fund developed square feet total heart surgeries in research conducted each year Pillar of the Houston community • TMC was part of the Super Bowl LI host committee, welcoming millions of visitors to a booth at The TMC encompasses 25,000+ $35 billion Super Bowl Live in downtown 1,345 total acres babies delivered per year estimated regional Houston and bringing best-of- the-best medical devices and economic impact digital health applications to the TMC Innovation Institute for a First and Future pitch competi- tion 8th largest 106,000+ • Due to expert planning and business district in total employees emergency management, TMC the United States hospitals remained fully opera- tional during Hurricane Harvey (with the single exception of Ben Taub Hospital) ±3.36 ACRES ON KNIGHT ROAD 6 Texas Medical Center <1 mile from the Property Upcoming Developments MEMORIAL HERMANN Major Educational Institutions $3 billion in new construction projects are underway in the Texas Medical Center Baylor College of Medicine Texas Children’s Hospital • Leaders for biomedical research. • $506 million expansion • Hosts approximately, 3,378 faculty and 1,211 stu- • Adding 19 floors to existing tower for new heart center, dents expanded critical care, and diagnostic and therapeutic • Ranks 7th in the nation for primary care and 13th services for research according to the U.S. News and World • Expected completion: 2018 Report Memorial Hermann The University of Texas Health Science Center • $650 million renovation and expansion • Fills three million square feet of the Texas Medical Center • Building new patient care building and upgrading infrastructure • Hosts more than 350 undergraduate students, 3,399 post graduate students, and 1,261 faculty members • Adding 1.3 million square feet in a new space and UNIVERSITY OF TEXAS HOUSTON CAMPUS increasing their size by 50% Rice University • Expected completion: 2018 • Comprehensive research university consistently ranked among top 20 universities in the U.S. overall Baylor St. Luke’s McNair Campus • One of only three Tier One universities in Texas • New 1.2-million-square-foot facility on 27.5 acres • 665 full-time and 197 part-time instructional faculty • In various stages of completion, renovation and con- struction • 98% of full-time instructional faculty have a doctor- ate or terminal degree in their field • Second patient tower with 650 patient beds and medi- cal office building planned • 3,879 undergraduate and 2,744 graduate degree-seeking students • Expected completion: 2019 University of Texas Houston campus • New campus is being planned for 300 acres located at Buffalo Point about 3.5 miles south of the Texas Medical Center BAYLOR ST. LUKE’S MCNAIR CAMPUS BLOSSOM HOTEL HOUSTON Houston Community College Coleman College for Health Sciences building • The 10-story midrise should be completed by August 2018 Blossom Hotel Houston • 9-story hotel planned for the stretch of land along Lehall St. at Bertner Ave. south of the Texas Medical Center. ±3.36 ACRES ON KNIGHT ROAD 7 Nearby Recreation & Entertainment NRG Center NRG STADIUM • Home of the Houston Texans Hermann Park • State-of-the-art facility has hosted major events such Hermann Park’s 445 acres hold a number of enter- as the Super Bowl, NCAA Final Four tournaments, and the world’s largest entertainment and livestock exhibi- tainment options and venues for visitors, including the tion, the Houston Livestock Show & Rodeo McGovern Centennial Gardens, Hermann Park Golf course, the Miller Outdoor Theatre, a jogging track, the • Host of Super Bowl LI in 2017 Houston Zoo, the Museum of Natural Science with the • NRG Center: 1.4 million-square-foot exhibit and confer- Cockrell Butterfly Exhibit, the Buddy Carruth Playground ence facility For All Children, the Japanese Garden, McGovern Lake • NRG Stadium - 71,500 seating capacity, with its paddle boats, the ever popular Hermann Park 97,000-square-foot natural grass playing field Mini-Train and the Judson Robinson, Jr.
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