Atrium Investment Proposal 1 Office Centre

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Atrium Investment Proposal 1 Office Centre ATRIUM INVESTMENT PROPOSAL 1 OFFICE CENTRE 7200 N. MoPac Expwy, Ste 450 Austin, Texas, 78731 512-346-2008 This projection has been developed based upon assumptions relating to the general economy, competition and other factors beyond the control of the preparer and owner of the property and is, therefore, subject to variation. No representation is made by Eurus Capital or the owner as to the accuracy or completeness of the information contained herein, and nothing contained herein should be relied upon as a promise or representation of the future performance of the property. TABLE OF CONTENTS 38 ATRIUM OFFICE CENTRE • AUSTIN, TX EXECUTIVE SUMMARY................................................4 ASSET OVERVIE W.....................................................7 FINANCIAL OVERVIEW...............................................8 LOCATION OVER VIE W.............................................13 MARKE T OVER VIE W...............................................18 ATRIUMMOPAC OFFICE CENTRECENTRE •• AUSTIN,AUSTIN, TXTX 2 3 ATRIUM OFFICE CENTRE • AUSTIN, TX 38 ATRIUM OFFICE CENTRE • AUSTIN, TX EXECUTIVE SUMMARY Eurus Capital Partners, LLC has been exclusively retained by the Owner to offer to qualified investors an opportunity to invest in Atrium Office Centre (“the Proper- ty”), a multi-tenant office project in the North MoPac corridor of Austin, Texas. The building encompasses 121,901 rentable square feet located in the City’s premier, in-fill suburban market at the intersection of US Hwy 183 and MoPac Expressway. The intersection is the demographic center of Austin, providing access to Austin’s housing as well as the largest concentration of retail and multi-family outside of Downtown. Redevelopment potential for an additional 150,000+ sf of office space with structured parking. PROPERTY OVERVIEW Address: 8701 North MoPac Exrpressway Submarket: North MoPac Year Built: 1982 Floor Size: Approximately 30,500 sf each Stories: 4 Parking: 502 spaces in garage Site Acreage: 6.39 acres ATRIUM MOPACOFFICE CENTRECENTRE •• AUSTIN,AUSTIN, TXTX 4 THE SITE : Aerial View 38 ATRIUM OFFICE CENTRE • AUSTIN, TX 5 ATRIUM OFFICE CENTRE • AUSTIN, TX 24 SEAT BUILDING RECENTLY RENOVATED LOBBY CONFERENCE ROOM WITH ONGOING IMPROVEMENTS 38 ATRIUM OFFICE CENTRE • AUSTIN, TX FITNESS ROOM WITH SHOWERS OUTDOOR COURTYARD ATRIUM OFFICEMOPAC CENTRECENTRE •• AUSTIN,AUSTIN, TXTX 6 ASSET OVERVIEW ASSET DETAILS Property Address 8701 North MoPac Expressway, Austin, TX 78731 County Travis Acreage 6.39 acres Property Tax Number 0245040407 Zoning LO and LR, Limited Office & Neighborhood Commercial Vehicular Access Direct access from service road to MoPac Expressway (Loop 1). At southeast corner of MoPac Expressway / US HWY 183 intersection. Improvements to MoPac Expressway allow a driver to exit onto the northbound service road and enter the building site without any traffic signals. Outdoor Spaces Courtyard between north and south wings of building provides shaded outdoor seating with picnis tables, stone slabs and lush landscaping. 7 ATRIUM OFFICE CENTRE • AUSTIN, TX 38 ATRIUM OFFICE CENTRE • AUSTIN, TX DESIGN & CONSTRUCTION Structure & Exterior Common Corridors The property is constructed running north to south, with entryways on the west and Typical corridors are finished with carpet flooring, wall surfaces of painted gypsum east sides of the building. The building structure consists of cast in place concrete and ceilings consisting of an acoustical tile ceiling with 2’x 2’ lay-in fixtures and surface and the facade is made up of a brick veneer and aluminum framed ribbon window mounted lighting. All four floors have been updated to the new building standard. assembly. A partial exterior wet seal was completed in 2014. The soffit area at the A newly furnished common conference room, mail center and fitness center with west entry to the building is constructed38 ofATRIUM cementious OFFICE materials.CENTRE • AUSTIN,There are TX balcony showers are located on the first floor. access points on level two facing to the east. Windows are tinted, single pane, aluminum framed ribbon assembly, partially wet sealed. Sidewalks and flatwork are Office Interiors located at the west and east building entries, with a plaza on the west side including Typical tenant finishes include 26 ounce cut pile carpeted flooring, painted gypsum park benches, light poles and tropical foliage. Pavers are installed at the east entry and vinyl wall finishes, 2’x 4’ lay in acoustical ceiling tile, 9’ solid core wood doors and courtyard. brushed bronze hardware. Wood fencing is installed at municipally-owned transformers and chain-link fencing Landscaping is located along the north side of the Property. Site access is via a one-way driveway The Property perimeter is provided with landscaped areas consisting of trees area that is located off the Loop 1 (North MoPac) frontage road. A monument sign is shrubs, river rock, ground cover, turfed areas and annual color provided at the entry located at the west driveway median and above the main building entry. drives. Planters are located at the east and west sides of the building. The Property is irrigated Roof The Property’s roof is a built up system with a protective aggregate surface and has Restrooms poured pitch pan pockets at roof penetrations. The roof slopes from north to south; Two sets of men’s and women’s restrooms per floor are located on each floor. overflow scuppers are located along the north and south parapet walls. Parapet walls Finishes include tile flooring up to half height walls with painted surfaces. Ceilings are clad with light weight galvanized sheet metal, which ter-minates beneath the are acoustic lay in tile, partitions are factory coated with white vitreous china sinks parapet coping. The roof is original to the Property. beneath counter tops and include stainless steel fixtures. Lobby Storm Water Drainage The Property’s main entrance and lobby is located on the west side with Storm water is surface drained to an offsite, municipally-maintained regional additional entrances at all other ends of the building. The lobby has grey granite detention facility. Storm water drains to steel drop inlets in place throughout the and ceilings are painted concrete with recessed lighting. Walls are finished in parking lot and parking islands. vinyl wall coverings and were updated in 2015. ATRIUM OFFICEMOPAC CENTRECENTRE •• AUSTIN,AUSTIN, TXTX 8 Site Plan 9 ATRIUM OFFICE CENTRE • AUSTIN, TX FLOOR PLANS : Sample Multi-Tenant Floor ATRIUM OFFICEMOPAC CENTRE CENTRE • •AUSTIN, AUSTIN, TX TX 10 Proposed Redevelopment Plan Preliminary studies have shown that Existing Building Size (sf) Parking Spaces in New Garage A the owner could develop two additional 121,901 450 office buildings totaling 152,646 square New Building A (sf) Parking Spaces in New Garage b feet. Two parking structures holding a 101,700 450 total of 900 automobiles plus 121 sur- New Building B (sf) Surface Parking Spaces face parking spaces would provide the 50,946 121 required parking on the 6.39 acre site. Total Redeveloped Building Size (sf) Total Parking Spaces 274,547 (278,370 SF max allowed by city code) 1,021 (1,012 required by city code) 11 ATRIUM OFFICE CENTRE • AUSTIN, TX 3 STORIES @ 13,284 SF 13,284 @ STORIES 3 1 STORY @ 11,094 SF 11,094 @ STORY 1 (50,946 GSF) (50,946 OFFICE BUILDING OFFICE (15' CLEAR HT. MIN.) HT. CLEAR (15' OPEN 1ST FLOOR 1ST OPEN (15' CLEAROPEN HT. 1ST MIN.) FLOOR 3 STORIES @ 26,050 SF 26,050 @ STORIES 3 1 STORY @ 23,550 SF 23,550 @ STORY 1 (101,700 GSF) (101,700 OFFICE BUILDING OFFICE (+/- 450 SPACES TOTAL) SPACES 450 (+/- PARKING GARAGE PARKING WATER QUALITY POND QUALITY WATER 5 STORIES 5 26,400 SF 26,400 PROPOSED (+/- 450 SPACES TOTAL) SPACES 450 (+/- PARKING GARAGE PARKING 5 STORIES 5 26,400 SF 26,400 ATRIUM OFFICE CENTRE • AUSTIN, TX OFFICECENTRE •AUSTIN, ATRIUM Proposed Redevelopment Plan,Cont. Redevelopment Proposed THE DESIGNENGINEERWILLNOTBERESPONSIBLE ORFORANYCONFLICTSTHATMAYARISEDUETO CONTRACTOR SHALLLOCATEANY/ALLEXISTING FOR DAMAGESTOANYEXISTINGUTILITIES (BOTH HORIZONTALLYANDVERTICALLY). ANY UTILITIESNOTPROPERLYLOCATED. UTILITIES PRIORTOANYSITEWORK, CAUTION!!! 1 2 File: Projects/ H/PROJ/ATRIUM/DWG/JCECITYBASE 01 Job No. Snapshot: EXHIBIT 1 JAMISON CIVIL ENGINEERING LLC SHEET THE ATRIUM Scale (Hor.): 1"=40' Scale (Vert.): (TX. PE FIRM REG. #F-17756) of Date: 04/25/16 Checked By: Drawn By: PRELIMINARY REDEVELOPMENT PLAN 13812 RESEARCH BLVD. #B-2 Revision 1: 01 EXHIBIT 1 AUSTIN, TEXAS 78750 Revision 2: OFFICE: (512) 484-3000 MOPAC CENTRE • AUSTIN, TX Revision 3: 8701 N. MOPAC [email protected] Revision 4: JCE LOCATION OVERVIEW Parmer Ln Retail Restaurants Alex and Ani 24 Diner Birds Barbershop The Dogwood Corepower Yoga Hat Creek Burger Company NEARBY : Amenities Design Within Reach Jack & Ginger’s Irish Pub Eliza Page Kung Fu Saloon THE Francesca’s Lavaca St. Bar Nordstrom Salvation Pizza DOMAIN Orangetheory Fitness Second Bar + Kitchen Restoration Hardware Sprinkles Retail Restaurants Viva Day Spa Sway 24 Hour Fitness Baby Acapulco Warby Parker Tarka Ann Taylor Bombay Bistro ARBORETUM/ Taverna Arbor Car Wash & Lube Brick Oven STONELAKE/ Lodging Turf & Surf Po-Boy Center Buca di Beppo GATEWAY ALoft Velvet Taco Bed Bath & Beyond W Braker Ln Hotel Archer Yard House Corner Bakery Lone Star Court Costco Dave & Busters Westin Whole Foods Edible Arrangements Eddie V’s Five Below Fire Bowl Café Golfsmith Firehouse Subs HEB Iron Cactus Retail Restaurants ARBOR WALK HomeGoods Jamba Juice US Dressbarn BJ’s Restaurant & Brew- Lamb’s Tire & Automotive
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