±10.41 Acres at Beltway 8 & Piney Trails
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PINELAND RD FUTURE DEVELOPMENT LITTLE YORK RD Sheldon ISD SITE - 570,000 SF campus on 185 acres - 3,500 students - 10,000-seat football stadium FLOSSMOOR ST HOUSTON HOMETTE ST DAWSON HILL LN BLUE GRASS LN SUNRISE PINES ±10.41 ACRES HOME PRICES UP TO $215K MEADOWVINE DR MEADOWVINE SANDERS ROSE LN TIFWAY LN EVANS BROOK LN BROOK EVANS WALDENS POND CT WALDENS PINEY TRAILS LN ORCHID SPRING LN ORCHID SUNTURF LN RAMBLER DR RAMBLER JASMINE LANDING LN CARRIAGE CT ±10.41 Acres at Beltway 8 & Piney Trails JOHN DILLON LN JOHN DILLON GARDENIA MIST LN Houston, TX 77044 OFFERING MEMORANDUM LAUREN FOREST LN AVALON CT Contacts, Due Diligence, & Offer Requirements Tim Dosch Becky Hand Dosch Marshall Real Estate Principal Senior Associate 713.955.3120 [email protected] [email protected] O 713-955-3127 O 713-955-3121 777 Post Oak Blvd Houston, TX 77056 M 713-459-8123 M 918-629-5592 www.dmre.com Exclusive Representation David Marshall Dillon Mills Dosch Marshall Real Estate (DMRE) has been exclu- sively retained to represent the Seller in the disposition Principal Senior Associate of ±10.41 acres at Beltway 8 & Piney Trails in Houston, [email protected] [email protected] TX (Property). All inquiries about the Property should O 713-955-3126 O 713-955-3123 be directed to DMRE. M 713-206-1574 M 713-254-3824 Due Diligence Information To access the due diligence information please visit the Property website at: www.dmre.com/listings Tom Dosch Tripp Rich Principal Transaction Manager Offer Requirements [email protected] [email protected] Offers should be presented in the form of a non-bind- O 713-955-3125 O 713-955-3124 ing Letter of Intent, and should include: M 713-557-4455 M 936-635-6968 • Pricing • Due Diligence and Closing Timeframe • Earnest Money Deposit • Description of Debt/Equity Structure • Qualifications to Close Clark Dalton Kenneth Danna • Development Plans Vice President Analyst Purchase terms shall require cash to be paid at clos- [email protected] [email protected] ing. Offers should be delivered to the attention of Tim O 713-955-3122 O 713-955-3120 Dosch, David Marshall, Tom Dosch, or Becky Hand via M 832-449-2223 M 713-829-2615 fax or email. ±10.41 ACRES AT BELTWAY 8 & PINEY TRAILS 2 MESA DR Convenient Care Center OLD HUMBLE RD ake Houston W LAKE HOUSTON PKWY Golf Club of Houston Dwight D. Eisenhower Park Holy Trinity Episcopal School N LAKE HOUSTON PKWY MT HOUSTON RD Sheldon Independent School Michael R. Null Middle School BVO H CE KING PKWY GARRETT RD MOTC MOTPTS SHELDON RD PARK PARK FTRE EELPENT Sheldon ISD - 570,000 SF campus on 185 acres - 3,500 students LITTLE YORK RD - 10,000-seat football stadium MESA RD H.M. Carroll Elementary School ±. C Sheldon Lake State Park and Environmental Learning Center The Rhodes School - Tidwell Campus Monahan Elementary School TIDWELL RD Cravens Early Childhood Academy C.E. King Middle School C.E. King High School Crenshaw Memorial Gene Green Beltway 8 Park Stadium Brock Park Golf Course LEY RD ±10.41 ACRES AT BELTWAY 8 & PINEY TRAILS 3 Property Details Development Opportunity in Southeast Houston Property Details • Approximately 749.48 feet of frontage on Beltway 8 LOCATION NWC Beltway 8 & Piney Trails • 2.5 miles from the intersection of Beltway 8 and US-90/Crosby Freeway Houston, TX 77044 • Less than 4.5 miles from retail at Beltway 8 and W Lake Houston Parkway LAT., LONG. 29.868899, -95.188905 Distance to Major Employment Areas TOTAL SIZE ±10.41 Acres • Generation Park: 2 miles • 4,000-acre master-planned commercial park PARCEL ID 0421240000005 • LyondellBasell - Channelview Complex: 4.5 miles COUNTY Harris • One of the largest petrochemical facilities on the Gulf Coast, covering an area of almost 3,900 acres PRICE TBD by market • Port of Houston: 8 miles NOTES Utilities are adjoining and under letter commitment from Sheldon ISD Parkway MUD • Sheldon ISD’s new school complex is well under construction. • Sheldon ISD is considered one of the fastest-growing districts in Texas. • A June 2014 demographic study showed that district enrollment was projected to 2017 Tax Rates reach 8,300 students by 2015. The district exceeded the enrollment projection by seven percent in 2015 and today educates more than 8,500 students, according to a 23 SHELDON ISD 1.470000 statement by LAN. By 2023, the projected student enrollment is expected to surpass 11,000. 40 HARRIS COUNTY 0.418010 • The bond package will include funds for a number of projects, including a new high 41 HARRIS CO FLOOD CNTRL 0.028310 school to replace the existing C.E. King High School, and a new elementary school. • Athletic and recreational spaces will also receive upgrades. Playgrounds at ECAs and 42 PORT OF HOUSTON AUTHY 0.012560 elementary schools will be refurbished, and new athletic facilities will be constructed. The King Middle School field house will also be expanded and existing tennis courts 43 HARRIS CO HOSP DIST 0.171100 will be resurfaced. 44 HARRIS CO EDUC DEPT 0.005195 • Construction and renovation of the schools will be completed in phases with the first project completed by 2019. 47 SAN JACINTO COM COL D 0.183335 For more information, visit http://schoolconstructionnews.com/2016/06/30/sheldon-isd- PINELAND RD invests-285-million-in-new-construction-upgrades/ 670 HC EMERG SRV DIST 60 0.049300 FUTURE DEVELOPMENT LITTLE YORK RD 672 HC EMERG SRV DIST 2 0.029700 Sheldon ISD - 570,000 SF campus on 185 acres - 3,500 students total 2.367510 - 10,000-seat football stadium FLOSSMOOR ST 2017 Demographics HOMETTE ST 0-1 mile 0-3 miles 0-5 miles DAWSON HILL LN EST. POPULATION 4,660 34,088 103,689 BLUE GRASS LN SUNRISE PINES ±10.41 ACRES HOME PRICES UP TO $215K MEADOWVINE DR 5-YR EST. POPULATION GROWTH 5.39% 6.63% 6.52% SANDERS ROSE LN TIFWAY LN EVANS BROOK LN EVANS WALDENS POND CT WALDENS AVERAGE HOUSEHOLD INCOME $78,300 $65,496 $73,252 PINEY TRAILS LN ORCHID SPRING LN ORCHID MEDIAN OWNER-OCCUPIED HOUSING VALUES $125,066 $119,687 $136,103 SUNTURF LN RAMBLER DR RAMBLER ±10.41 ACRESJASMINE LANDINGAT BELTWAY LN 8 & PINEY TRAILS 4 CARRIAGE CT JOHN DILLON LN JOHN DILLON GARDENIA MIST LN LAUREN FOREST LN AVALON CT Area Highlights 4,000-acre master-planned commercial park driving the expansion of one of Houston’s fastest growing economic and GHX INDUSTRIAL, LLC (RENDERING) residential corridors, Lake Houston Lockwood Business Park • Located at 13300 Lockwood Road, just south of West Lake Houston Parkway and across from TechnipFMC’s 173-acre campus • Three build-to-suit industrial and flex-office buildings available for lease with space available from ±6,400 to 57,600 SF 250 Assay Street • 86,523 SF mixed-use office building GHX Industrial, LLC • Expected to move into their new 143,500 SF Houston distribu- 250 ASSAY STREET tion center and headquarters in Lockwood Business Park at the end of 2017 • Will include 121,000 square feet of warehouse and shop space and 22,500 square feet of office space McCord Development • Recently occupied their new headquarters on the 2nd floor of 250 Assay St this year (2017) Apache Industrial Services, Inc. • Preparing to move into the 4th and 5th floors of 250 Assay Street, with occupancy expected before the end of 2017 San Jacinto College • Recently closed on 57 acres at Generation Park, just across Lockwood Road from the TechnipFMC campus TECHNIP FMC TechnipFMC (formerly FMC Technologies) • Part of TechnipFMC, after a merge with Technip in 2017 • Produce equipment for exploration and production of hydrocar- bons • Named by Fortune (magazine) as the World’s Most Admired Oil and Gas Equipment, Service Company. • 20,000 employees worldwide; they plan to transition all 3,700 Houston-area employees to the Generation Park facility (an approximately 173-acre campus) ±10.41 ACRES AT BELTWAY 8 & PINEY TRAILS 5 Area Highlights LyondellBasell - Channelview Complex • No. 1 U.S. port in foreign waterborne tonnage • One of the largest petrochemical facilities on the Gulf • No. 1 port in the U.S. Gulf Coast by TEU throughput Coast, covering an area of almost 3,900 acres • Home to the largest petrochemical complex in the U.S. (2nd largest • Two large manufacturing facilities and a workforce of in world) more than 2,000 people • 150 public and private companies • Payroll and benefits of more than $156 million per year • 8,300 + vessel calls, 20,000+ ship movements, and 200,000+ barge transits annually • Goods and services purchases of approximately $824 million per year Capital Investments Development Pontikes Development • Planning a 3.0 million-square- Industrial Market The Port Houston area continues to Since 1986, the number of businesses foot-multimodal logistics and exhibit strong market fundamentals in Houston engaging in international Growth on the east side due to boom in petrochemical distribution center on 246 acres with significant deal volume and trade has grown from 1,963 to more industry net absorption in 2017. Much of the than 3,250. Projects recently completed: Q2 2017 Data from Colliers market activity is driven by the strong Companies cite the cheap cost of • 1.0 million square feet for Ikea Absorption: During the first half of 2017, 3.0M SF of downstream sector and petrochem- fuel, the large inventory of natural gas • 960,000 square feet for Katoen Houston’s industrial inventory was absorbed, all occurring ical boom, which provides strategic liquids available as well as access to Natie during the first quarter.