DOCSLIB.ORG

82 Unit Class C Asset Located in Beaumont Texas

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

82 Unit ● Class C Asset ● Located in Beaumont Texas PARKWAY APARTMENTS ● 155 E. Florida Ave ● Beaumont, TX 77705 Apartments For Sale $2,419,000 Price Per Unit $29,500 Units: 82 Price Per Sq. Ft. $35.84 Avg Size: 823 Stabilized NOI $234,212 Date Built: 1968 Value Capped @ 8.5% $2,755,434 Rentable Sq. Ft.: 67,488 Acreage: 2.71 Occupancy: 90% Class: C+ HIGHLIGHTS ♦ Great Area Job Base! ♦ Upgrades to the Property in the Last 3 Years Include: ♦ Beaumont is a Strong Petrochemical Based Market A/C's, Roofs, Ceramic Tile, HardiPlank Siding, A/C Cages ♦ Property has been Rehabbed ♦ Lamar University is Slowly buying all the Real Estate Adjacent ♦ Good Drive-by and Curb Appeal to the Campus ♦ Well Maintained Smaller Asset in a Strong Area ♦ Please note that Parkway consist of 4 addresses: ♦ Located in Beaumont, Texas Approx 90 Miles East of ♦ 117 North Parkway 24 Units Houston ♦ 120 North Parkway 3 Units ♦ Area Benefits from Texas Gulf Coast Economic Boom ♦ 155 E. Florida Avenue 23 Units ♦ Student Housing Component - on Lamar University Campus ♦ 1140 Georgia 32 Units PLEASE DO NOT VISIT THE PROPERTY OR TALK TO THE STAFF WITHOUT AN APPOINTMENT MADE THROUGH THE BROKER! For More Information Please Contact: Hashir Saleem, Senior Associate [email protected] l 713-355-4646 l ext 106 KET ENTERPRISES INCORPORATED 4295 San Felipe l Suite 355 l Houston, TX 77027 www.ketent.com Broker License #0406902 PARKWAY APARTMENTS ● 155 E. Florida Ave ● Beaumont, TX 77705 Physical Information Financial Information Proforma Loan Parameters Operating Information Number of Units 82 Asking Price $2,419,000 Proposed Loan at 70% $1,693,300 Est Mkt Rent (Sep-14) $46,900 Avg Unit Size 823 Price Per Unit $29,500 Amortization (months) 300 5 Mo Avg $41,308 Net Rentable Area 67,488 Price Per Sq. Ft. $35.84 P & I $9,653.80 Physical Occ (Aug-14) 90% Land Area (Acres) 2.71 Stabilized NOI $234,212 Debt Service/year 115,845.57 Est Ins per Unit per Yr $369 Units per Acre 30.296 Value Capped @ 8.5% $2,755,434 Origination Date Closing Property Tax Information Date Built 1968 Due Date 10 years 2013 Tax Rate/$100 2.68965 Water Meter / Master Master Interest Rate 4.8% 2014 Tax Assessment $1,458,140 Elec Meter Indiv Type Conduit Est 2014 Taxes $39,219 Roof Style Pitched Yield Maintenance Yes Est Future Tax Assessment $3,082,000 HVAC System Indiv Est Future Taxes $82,895 * per unit -; per ft - INCOME MODIFIED ACTUALS PRO-FORMA PRO-FORMA INCOME Current Street Rent with a % Increase 562,800 $46,900 / Mo Estimated Gross Scheduled Income 562,800 $46,900 / Mo Estimated Loss to Lease (8% of Total Street Rent) (45,024) 8% Estimated Vacancy (12% of Total Street Rent) (67,536) 12% Estimated Concessions and Other Rental Losses (10% of Total Street Rent) (56,280) 10% Estimated Utilities Income 188,100 $2,294 / Unit / Yr Estimated Other Income 23,000 $280 / Unit / Yr Estimated Total Rental Income 605,060 ESTIMATED TOTAL PRO-FORMA INCOME 605,060 $50,422 / Mo Apr thru Aug 2014 Income Annualized $495,694 1 EXPENSE Jan thru Aug 2014 Expenses Annualized Estimated FutureExpenses Fixed Expenses Fixed Expenses Estimated Fixed Expenses Taxes $39,219 $478 per Unit 2013 Tax Rate & 2014 Assessment $82,895 $1,011 per Unit 2013 Tax Rate & Est Future Assessment Insurance $30,280 $369 per Unit $30,258 $369 per Unit Estimated Total Fixed Expense 69,499 $848 per Unit 113,153 $1,380 per Unit Utilities Utilities Estimated Utilities Electricity $5,408 $66 per Unit $5,732 $70 per Unit Gas $ per Unit $ per Unit Water & Sewer $47,051 $574 per Unit $47,051 $574 per Unit Total Utilities 52,459 $640 per Unit 52,783 $644 per Unit Other Expenses Other Expenses Estimated Other Expenses General & Admin & Marketing $16,400 $200 per Unit 2. Adjusted by Broker $21,320 $260 per Unit Repairs & Maintenance $66,738 $814 per Unit $41,000 $500 per Unit Labor Costs $53,300 $650 per Unit 2. Adjusted by Broker $82,000 $1,000 per Unit Contract Services $11,789 $144 per Unit $11,789 $144 per Unit Management Fees $19,828 4.00% $242 per Unit 3. Added by Broker $24,202 4.00% $295 per Unit Total Other Expense 168,055 $2,049 per Unit 180,312 $2,199 per Unit Total Operating Expense 290,013 $3,537 per Unit 346,248 $4,223 per Unit Reserve for Replacement ` 24,600 $300 per Unit 24,600 $300 per Unit Total Expense 314,613 $3,837 per Unit 370,848 $4,523 per Unit Net Operating Income (Actual Underwriting) 181,081 234,212 Asking Price 2,419,000 2,419,000 Cap Rate 7.49% 9.68% Proposed Debt 1,693,300 1,693,300 Equity 725,700 725,700 Proposed Debt Service 115,846 115,846 Cash Flow 65,236 118,366 Cash on Cash 8.99% 16.31% NOTES: ACTUALS: Actuals are from Owner's Jan thru July 2014 operating statement. Reserve for Replacement estimated on actual and pro forma at $300/unit/year. 1. Per Owner, total income includes late fees, application fees, vending, etc.; however, there is no line item for miscellaneous income. 2. Parkway Apartment pays the bulk of property labor and maintenance charges, therefore an adjustment to these accounts has been made by the broker. 3. Management fees were added by the broker. PRO FORMA: Insurance is estimated. Taxes are 2013 rate and estimated future assessment. All other expenses are estimated. 10/1/2014 Parkway.xlsx PARKWAY APARTMENTS ● 155 E. Florida Ave ● Beaumont, TX 77705 PROPERTY OVERVIEW PROPERTY INFORMATION TAXING AUTHORITY JEFFERSON COUNTY Age: 1968 ACCT ID Year Renovated: 2010 55691 Elec Meter: Indiv 62323 A/C Type: HVAC 45873 Water: Master Beaumont ISD $1.315000 Wiring: Copper City of Beaumont $0.690000 Roof: Pitched Port of Beaumont $0.069692 Paving: Concrete SabineNeches NAV Drainage $0.029374 Materials: Brick/HardiPlank Drainage District #6 $0.220587 # of Stories: 2 Jefferson County $0.365000 Parking: Open/Covered Buildings: 5 2013 Tax Rate/$100 $2.689653 Units/Acre: 30.30 2014 Tax Assessment $1,458,140 Please note that Parkway Apartments consists COLLECTIONS of 4 addresses: 5 Mo Avg $ 41,308 $50,000 1. 117 N. Parkway 24 units $45,000 Sep 2013 $ 36,160 $40,000 Oct 2013 $ 36,160 2. 155 E. Florida Ave. 23 units $35,000 Nov 2013 $ 36,160 $30,000 3. 1140 Georgia 32 units Dec 2013 $ 36,160 $25,000 Jan 2014 $ 31,401 $20,000 4. 120 N. Parkway 3 units Feb 2014 $ 31,080 $15,000 Mar 2014 $ 32,911 $10,000 Apr 2014 $ 45,460 $5,000 May 2014 $ 39,342 $- Jun 2014 $ 38,018 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014 2014 Jul 2014 $ 37,918 Aug 2014 $ 45,801 PLEASE DO NOT VISIT THE SITE OR TALK TO THE STAFF WITHOUT AN APPOINTMENT MADE THROUGH THE BROKER. PROPERTY HIGHLIGHTS A steady state opportunity, Parkway Apartments is an 82 unit garden style apartment complex, located on East Florida Avenue in Beaumont, TX. The property provides a playground, covered parking and patios/balconies. The project is across from Lamar University and maintains a strong occupancy while school is in session. The owner has recently painted the exterior and replaced wood siding with Hardi Plank. The asset historically maintains high occupancy due to its close proximity to the nearby University. It is in very good condition as well. Currenlty there is no utility RUBS. A water/sewer RUBS could be implemented for additional income. This property is an ideal candidate for low interest long-term debt, or the Lamar University officials may buy it. Disclaimer : The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent roll, etc. provided by the Owner. Notwithstanding, KET Enterprises Incorporated does not make any warranties about the information contained in this marketing package. Every prospective purchaser should verify the information and rely on his accountants or attorneys for legal and tax advice. This offer is “As-Is, Where-Is”. Answers to specific inquiries will have to be supplied by the Owner and are available upon request. Rates of return vary daily. No representations are made concerning environmental issues, if any. THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL. In making any decision that relies upon my work, you should know that I have not followed the guidelines for development or an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation. PARKWAY APARTMENTS ● 155 E. Florida Ave ● Beaumont, TX 77705 Unit Mix September 2014 Type No. Units Sq Ft Total SqFt Rent Total Rent Rent/SF Source: Owner 1BR / 1BA 32 630 20,160 $500 $16,000 $0.79 2BR / 1BA 39 871 33,969 $600 $23,400 $0.69 2BR / 1BA 4 993 3,972 $650 $2,600 $0.65 3BR / 2BA 7 1341 9,387 $700 $4,900 $0.52 Total / Avg 82 823 67,488 $572 $46,900 $0.69 UNITS BY SIZE UNITS BY TYPE 7 7 4 32 32 43 39 1BR / 1BA 2BR / 1BA 2BR / 1BA 3BR / 2BA 32 ea 1BR / 1BA 43 ea 2BR / 1BA 7 ea 3BR / 2BA Apartment Features Community Features Spacious Floorplans Conveniently Located to Nearby University Ceramic Tile Flooring Excellent Frontage Convenient Laundry Room Convenient Access to Freeway Large bedrooms with Natural Sunlight Across From Lamar College Ample Closet and Storage Space Central Air Conditioning Full Size Refrigerator Garbage Disposal Dishwasher Ceiling Fans PARKWAY APARTMENTS ● 155 E.
Recommended publications
  • 2018 Entergy Grants

    2018 Entergy Grants

    2018 Entergy Grants 100 Black Men Of Greater Beaumont Inc 100 Black Men Of Greater Little Rock Inc 100 Black Men of Metro Baton Rouge 19th Force Support Squadron (MWR) 21st CCLC Afterschool Program at O.W. Dillon Leadership Academy 456 Robotics 456 Robotics 505351Contractors College Of America Inc A Kingdom Connection Changing Lives, Inc. Abf Community Development Inc Abraham's Tent Association Action Empowerment, Inc. Adams County Christian School Administrative Funds Extra Table Inc Administrative Funds Extra Table Inc Advisory Council For High School For Engineering Professions At Sco African American Men of Westchester Agape Community Temple Of Servants 2 Albert Cammon Middle School Alcorn State University Alex Foundation Algiers Community Foundation Algiers Development Corporation Alpha Phi Alpha Fraternity Educational Foundation Alpha Pregnancy Center Alzheimers Disease And Related Disorders Association Inc Ambitious Girls Inc American Association of Blacks in Energy (AABE) MS Chapter American Cancer Society American Cancer Society American Cancer Society American Cancer Society Inc American Cancer Society Inc American Cancer Society Inc American Civil Liberties Union Foundation Of Louisiana American Diabetes Assn Southern LA & MS American Friends Service Committee American Heart Assn Bayou Area American Heart Assocation American Heart Association Inc American Indian College Fund American National Red Cross American Red Cross NELA Chapter American Red Cross Southeast Louisiana American Red Cross Southeast Louisiana Amite Elementary
  • You Never Call. You Never Write. How Many Times Have You Thought About Your Friends from College, but Didn’T Have a Clue About How to Actually Reach Them!

    You Never Call. You Never Write. How Many Times Have You Thought About Your Friends from College, but Didn’T Have a Clue About How to Actually Reach Them!

    You never call. You never write. How many times have you thought about your friends from college, but didn’t have a clue about how to actually reach them! The NEW LU Alumni Online Community will help you get in touch. Log on today! www.lamar.edu/alumni Alumni Directory | e-mail an LU friend, update your personal data or post class notes. Groups | Reconnect with Greeks, organizations and affinity groups. News and Events | get the latest campus news and information on upcoming alumni and campus events. Career Networking | post or seek a resume, check out job postings from other alums, make business connections and mentor others. And Much More | Wallpapers and school song to personalize your desktop, message boards and chats! To register, follow the link to the Alumni Community for New User directions. Locate your user ID on the mailing label found on this page. NON-PROFIT ORG. U.S. POSTAGE LAMAR UNIVERSITY PAID Member of The Texas State University System PERMIT NO. 54 BEAUMONT, TX 77710 P.O. Box 10011 Now is the time to invest Beaumont, TX 77710 in Lamar, invest in our students, invest in the future of Southeast Texas... CadenceCARDINAL VOL. 36 NO. 2 | OCTOBER 2008 Magazine Design: Mike Rhodes From the President Cover illustration: Eugene Anderson CARDINAL DEPARTMENTS Cadence 4 On campus 32 DreamBuilders 46 Class notes 64 Arts & Culture Greetings from Lamar University, The Staff Hurricane Ike dealt a heavy blow to Southeast Texas—in particular 30 Campaign impact 37 Athletics 57 Giving report Cardinal Cadence is published by the Division of University to our coastal communities—but restoration is moving ahead.
  • Viva Spotlight

    Viva Spotlight

    Complimentary VOLUME 4 ISSUE 2 SOUTHEAST TEXAS & SOUTHWEST LOUISIANA Outdoors & Sports Why Lake Calcasieu is called “The Fisherman’s Paradise” for Redfish, Speckled Trout, Ling and Flounder! Celebrating Places of Interest Vacation Water Spots and Resorts History Sour Lake: From Boating Bath House to the Birthplace of TEXACO Fishing Viva Spotlight Local Legend, Chief Pete Shelton Viva Fashion & Beauty Tall Tales & Short Trips Making A Splash! The Pink Palace Fish Camp Viva Special Report House To House Seafarers’ Center of Beaumont Real Estate in SETX Loaded with Photos, Maps, Recipes, Helpful Tips, Activities, Shopping & Dining throughout SE Texas & SW Louisiana he new Summer Issue of Viva Southeast Texas Magazine is about making memories, no matter how Tbig or small, having outdoor fun, and getting Connecting People to People wet! We will introduce you to some great ........................................................ 6 vacation resorts that don’t require a passport. Beaumont Chamber News Some are as close as your own back door. Viva Salute This issue of Viva Southeast Texas Magazine has Captain Mark D. Taylor to be Honored................................. 7 helpful hints and suggestions about making History your vacation safe, fun and memorable. Sour Lake: From a Bath House to the Birthplace of TEXACO..................................................... 8 Discover why Louisiana’s Lake Calcasieu is called the “Fisherman’s Paradise.” Find out Places of Interest Vacation Water Spots and Resorts Throughout which boats are best for waterways in our area Southeast Texas & Southwest Louisiana............................. 10 as well as the latest trend in swimsuits and Listings ..................................................................................... summertime hair. Meet the guys that created 12, 13 Bayou Rum. Then go back in time to Sour Connecting To Our Community Lake, Texas, and find out what put this small Shopping Share Pages........................................................
  • January 1, 2012 Thru March 31, 2012 Performance Report

    January 1, 2012 Thru March 31, 2012 Performance Report

    Grantee: State of Texas - GLO Grant: B-08-DI-48-0001 January 1, 2012 thru March 31, 2012 Performance Report 1 Community Development Systems Disaster Recovery Grant Reporting System (DRGR) Grant Number: Obligation Date: Award Date: B-08-DI-48-0001 03/31/2009 Grantee Name: Contract End Date: Review by HUD: State of Texas - GLO Submitted - Await for Review Grant Amount: Grant Status: QPR Contact: $3,113,472,856.00 Active No QPR Contact Found Estimated PI/RL Funds: $3,000.00 Total Budget: $3,113,475,856.00 Disasters: Declaration Number FEMA-1791-DR-TX FEMA-3294-EM-TX Narratives Disaster Damage: According to Governor Perrys Texas Rebounds Report November 2008, the 2008 hurricane season will go down in history as having been particularly unkind to Texas. The State was impacted by Hurricanes Ike and Dolly and a significant tropical storm within a 52 day time frame. Hurricane Ike, the most damaging, was enormous, 900 miles wide, and the size of West Virginia. As it rolled across the Gulf of Mexico, Ike grew from a Category 2 storm to a powerful Category 4 that unleashed a 20-foot storm surge that engulfed Galveston and other coastal areas, proving to be the third-most destructive storm to hit the United States. Hurricane Dolly, although less damaging only in absolute terms, had already struck the south Texas coastline as a Category 2 hurricane. It was the most destructive storm to hit the Rio Grande valley in over four decades. ELIGIBLE COUNTIES: Hurricane Dolly (FEMA-1780-DR) and Hurricane Ike (FEMA-1791-DR) Anderson, Angelina, Aransas, Austin, Bowie, Brazoria, Brazos, Brooks, Burleson, Calhoun, Cameron, Cass, Chambers, Cherokee, Fort Bend, Galveston, Gregg, Grimes, Hardin, Harris, Harrison, Hidalgo, Houston, Jasper, Jefferson, Jim Hogg, Jim Wells, Kenedy, Kleberg, Leon, Liberty, Madison, Marion, Matagorda, Milam, Montgomery, Morris, Nacogdoches, Newton, Nueces, Orange, Panola, Polk, Refugio, Robertson, Rusk, Sabine, San Augustine, San Jacinto, San Patricio, Shelby, Smith, Starr, Trinity, Tyler, Upshur, Victoria, Walker, Waller, Washington, Wharton, Willacy.
  • Southeast Texas & Southwest Louisiana

    Southeast Texas & Southwest Louisiana

    AUGUST - OCTOBER 2012 SOUTHEAST TEXAS & SOUTHWEST LOUISIANA Celebration Park • Groves, TX Lamar FootballBeaumont, Team • Lamar TX University Fire Museum of Texas, Downtown Beaumont Rainbow Bridge • Bridge City, TX Wesley United Methodist • Fall Pumpkin Patch Texas Star Texas Visitor Center Beaumont, TX Orange, TX Lamar Dance Team • Lamar University Beaumont, TX DOGTOBER Beaumont,FEST • Crockettt TX Street Windmill Museum Nederland, TX Viva Spotlight Marvin Atwood: Viva Vino!: Tall Tales & Short Trips: The man behind Starvin Marvin's Texas Wines The Alamo on the Gulf Coast Jim King’s Cruisin’ SETX: Plenty to do and see Loaded With Maps, Activities, Shopping & Dining In SE Texas & SW Louisiana AUGUST - OCTOBER 2012 elcome to the first edition of Viva Southeast Texas magazine, the Wmagazine dedicated to providing valuable information about our area and its surrounding neighbors. We are a local quarterly magazine published and Wednesdays distributed throughout the Southeast Karaoke Texas and Southwest Louisiana region. Viva Southeast Texas will help you “Find Your Away Around” with colorful maps, a restaurant guide, useful lists of History things to see and do, and ideas for where to shop. We will Southeast Texas...Our Origins and Roots ............................ 4 introduce you to some of the most interesting local people ON 9TH Thursdays in our “Viva Spotlight” section, and take you back in time Places of Interest with folklore and history with “Tall Tales and Short Trips.” “Buck-off” any beer Shangri-La By Cindy Yohe Lindsey........................................................... 8 If it’s entertainment and local night life you want, Listings.................................................................................................10 Viva Southeast Texas will supply you with all the latest and any burger! information from Jim “King of the Road” and our calendar Maps of events.
  • New Cards on Campus

    New Cards on Campus

    Students maximize Opportunities at every turn Panama Canal CEO RE-engineering commerce New Cards on campus Kenneth and Nancy Evans FROM THE CARDINAL CONTENTS | JUNE 2013 VOLUME 41, NUMBER 1 PRESIDENT Cadence Cardinal Cadence is published by the Division of University Advancement, Lamar University, a member of The Texas State FEATURES University System and an affirmative action, equal opportunity educational institution. ne of the great privileges of serving as Brian Sattler, Executive Editor, Director of Public Relations 24 Beyond the textbook One of the world’s most productive environmental president is the opportunity to attend Cynthia Hicks ’89, ’93, Editor, Publication Specialist researchers named University Professor commencements. In my career I have Larry Acker ’10, Assistant Director, Writer 28 LU treasures its history attended 90 Lamar commencement Beth Gallaspy ’09, Marketing Specialist, Writer The dining hall has a name exercises, and, in my 14 years as presi- Louise Wood, Media Specialist, Writer dent, 30,245 individuals have become Frances Simpson ’95, Senior Administrative Associate 30 Beck Fellowships grow in number Lamar graduates. I have greeted most Check out how students Chrissie Vandehoef and Amy Morgan spend their summers of them as they crossed the Montagne Center stage. Each pas- CONTRIBUTORS Writing | Julie Aimé, Erik Cox, Sharon Forret, Pat Murray, 32 A can-do attitude Osage not only signifies individual achievement, but the significant Andrew Strange Meet Kenneth and Nancy Evans: LU’s new promise for the future of the region and beyond. Photography | Julie Aimé, Matt Billiot, Gary Christopher, president and first lady 28 30 34 Lamar’s next president, Dr.
  • September 2010 Volume 17, No

    September 2010 Volume 17, No

    A View From The Top Greg Busceme, TASI Director THIS IS A TALE of of two cultures. One of seamless to their lives as breathing. To the perks that goes with having regular the boomers, it is an abstract maze of public events is the opportunity to random button sequences that never observe humans in action. Another is get you where you want to go fast being able to see two separate cultures, enough or send it where you want soon generations, micro-gens at two separate enough. Binary hell! ISSUE Vol. 17, No. 1 times of the month each month — those Xers like to stand up during con- being art exhibitions and Band Nites. certs and they don’t dance, but occa- Publisher. The Art Studio, Inc. I’ve always have been a fan of soci- sionally they will bump forcefully Editor . Andy Coughlan ology. I took just enough sociology against each other in a wild jumping Copy Editor . Tracy Danna courses in college to be dangerous. manner (mosh pit). Boomers like to Contributing Writers . Jacqueline Hays, That bit of knowledge is tied with years dance although we do it badly and don’t . Andrew Strange, Chelsea Henderson, of watching human beings being bump into anyone while dancing . Elena Ivanova human, on two different generational because you might get punched. Contributing Photographer. John Fulbright plateaus — war baby/boomer and Band Nite participants only listen to Distribution Director . Terri McKusker genX/genZ. the band they came to hear, otherwise The technological difference is they sit in a huddle until their big event The Art Studio, Inc.
  • Fashion— Headtotoe Andfloorto Ceiling

    Fashion— Headtotoe Andfloorto Ceiling

    volume 2 issue 4 | NovemBeR 2009 | theVIPmag.com VOLUME 6 ISSUE 5 | March 2013 | theVIPmag.com of southeast texas lounge Meet Marc McDonald Leather as looks home decor Themed Fashion — bedrooms head to toe Grandma AND floor to Suites ceiling Building a home bar 2013’s hottest home trends complimentary If you need surgery, you have achoice. Experience the difference. CHOOSE PREVITY. Outstanding Outcomes Highly-skilled Minimally Invasive Surgery Up-to-date Surgical Training GarrettK.Peel, M.D., M.H.S. Maria A. Palafox,M.D. Christopher A.Timmons, M.D. Mayo Clinic Trained Fellowship Trained Advanced Laparoscopic Surgery Trained 740 Hospital Drive,Suite 280 610StricklandDrive,Suite 190 CALL US TODAY prevityclinic.com Beaumont, Texas 77701 Orange,TX77630 409.835.9500 409.886.1111 vip magazine contents Editorial Editor DAVID CONSTANTINE 06 vip adviser [email protected] 0f The top SE Texas inside march home trends of 2013 Contributing Writers CATHLEEN COLE AmANDA COrbELL 09 vip home mEg gArDNEr 09 Front doors: The soul LArENA HEAD grACE mATHIS to your home jANE mCbrIDE 14 Hot bedroom themes HOLLI pETErSEN CHEryL rOSE 18 vipersonality Editorial Assistant 18 Real estate agent LAurEN mCgEE Marc McDonald Photography Contributing Photographers 22 vip worthy SCOTT ESLINgEr 22 Grandma suites 29 LACIE grANT rENé SHEppArD 24 Urban farmers and LEE E. STINSON backyard chickens Graphic Designer 29 vip style DAVID CONSTANTINE 29 Leather as home decor Advertising 31 Lounge looks for you To advertise in VIP, and your home 409.880.0700 Contact Us 34
  • Texas Highway Events

    Texas Highway Events

    TM TEXASHIGHWAYS EVENTS C A L E N D A R SUMMER 2018 JUNE • JULY • AUGUST FESTIVALS, CONCERTS, EXHIBITS, PARADES, AND ALL SNAPSHOT THINGS FUN Becker Vineyards’ Grape Stomp IN TEXAS! See more inside... EVENTS SUMMER 2018 or you might think Wichita Falls mile bicycle ride in the nation—and Ride or Die would celebrate its namesake with one of the largest in the world; last some fun on the water. Instead, the year the event welcomed some 11,000 he name says it all. The Hot- Wichita Falls Bicycle Club proposed a registrants for the weekend. This year, ter ’N Hell Hundred grew bicycle ride—100 miles in 100-degree Aug. 23-26, attendees can enjoy live out of efforts to find a special heat to celebrate 100 years, coining the outdoor concerts, a consumer show, a way for Wichita Falls to cel- name and a race that would attract spaghetti dinner, and more in addition Tebrate its 1982 centennial. In the intrepid cyclists to North Texas for to competing against the road, the hottest month of the year, most Texas decades to come. This annual August wind, and a heat that’s hotter than cities might plan an indoor festival— race is still the largest single-day 100- (you guessed it) hell. hh100.org ON THE COVER GRAPE EXPECTATIONS Make wine the old-fashioned way in Stonewall at the Becker Vineyards Annual Grape Stomp on Aug. 25-26 and Sept. 1-2. To toast the end of harvest season, half barrels will be filled with grapes so oenophiles can try their hand—well, foot—at crushing grapes.
  • Beaumont Enterprise Building 380 Main Street & 425 Pine Street / Beaumont, Texas 77701

    Beaumont Enterprise Building 380 Main Street & 425 Pine Street / Beaumont, Texas 77701

    FOR SALE Beaumont Enterprise Building 380 Main Street & 425 Pine Street / Beaumont, Texas 77701 Value-Add Investor, Redevelopment or User Opportunity with Immediate Upside Located in an Opportunity Zone OFFERING SUMMARY PROPERTY FEATURES • Includes Production/Warehouse Space with Loading Area (3 Dock Asking Price Interest Offered Terms High Positions and 3 Grade Level Doors) $1,350,000 Fee Simple All Cash • Easy Access to Interstate 10 (I-10), the major east-west Highway connecting El Paso, San Antonio, Houston and New Orleans PROPERTY SUMMARY • Near Port of Beaumont & Exxon Mobil Refinery Property Name Beaumont Enterprise Building • One block from Crockett Street Entertainment District Address • Located adjacent to the U.S. Historic Downtown Beaumont 380 Main Street & 425 Pine Street Commercial District, registered on the National Register of Historic Beaumont, TX 77701 Places, and Texas Historic Landmarks within walking distance to: Fire Building Area* Museum of Texas, Edison Museum, Art Museum of Southeast Texas, 66,352 SF Texas Energy Museum, Beaumont Children’s Museum, Jefferson *Per Jefferson CAD (JCAD) Theater, Julie Rogers Theater, Beaumont Events Centre, Tyrrell Stories Historical Library and Beaumont Civic Center 3 • Discount to Replacement Cost Year Built/Renovated 1969/2010 • New investments in businesses and the acquisition and substantial Total Land Acres improvement of property located in an Opportunity Zone may be 1.82 acres eligible for federal tax benefits, including the reduction and deferral of capital gains taxes
  • 465 BLANCHETTE STREET Building BEAUMONT, TEXAS 77701 for MORE INFORMATION: PROPERTY FEATURES: • 1,402 SF Office Building Lee Y

    465 BLANCHETTE STREET Building BEAUMONT, TEXAS 77701 for MORE INFORMATION: PROPERTY FEATURES: • 1,402 SF Office Building Lee Y

    FOR SALE OR LEASE Downtown Office 465 BLANCHETTE STREET Building BEAUMONT, TEXAS 77701 FOR MORE INFORMATION: PROPERTY FEATURES: • 1,402 SF office building Lee Y. Wheeler, III CCIM • Formerly used as law offices 409.899.3300 • Beautifully redone interior [email protected] • Consists of three (3) offices, two (2) restrooms, a break room, reception area, and waiting room • Zoned CBD Erica C. Goss • On-site signage 409.899.3300 • Convenient Downtown location [email protected] • Great access to I-10, US Hwy 69, CBD, Port of Beaumont, Courthouses • For sale: $150,000 • For lease: $0.85 psf/mo. NNN Thomas T. Williams +1 409 899 3300 x102 [email protected] 470 Orleans 12th Floor • Beaumont, TX 77701 • 409.899.3300 • wheelercommercial.com NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. AREACBD BUILDINGS RETAILERS& ATTRACTIONS 17 SITE 16 15 13 14 5 2 4 1 3 11 12 6 7 8 9 10 1. Tyrell Historic Library 9. Suga’s Fine Dining Restaurant 2. Texas Energy Museum 10. Century Tower aka Petroleum Building 3. Art Museum of Southeast Texas . 13-story 4. Edison Plaza . 204,400 SF multi-tenant . 17-story 11.
  • March 2010 Volume 16, No

    March 2010 Volume 16, No

    A View From The Top Greg Busceme, TASI Director FEBRUARY 6THWAS A day just like any people, young and old, rich and poor, other day — until noon. That was the and we hung 232 pieces of art on the start of “pARTy-cipation.” wall. The brainchild of the Monster Crew That evening, our artists-in-training (Terri Fox, Andy Ledesma, Xenia returned to admire the art exhibition of ISSUE Vol. 16, No. 6 Fedorchenko, Tim Robtoy and Andy their doing! Coughlan) who chose to avail them- Well, what a night we had as partici- Publisher. The Art Studio, Inc. selves to the general public and urge pants gathered to enjoy the reception in them to create. their honor and the art show that didn’t Editor . Andy Coughlan Set in stations, the “five artists of the exist some three hours before. Copy Editor . Tracy Danna partycalypse” offered print-making, It was a profound effort by the prin- Contributing Writer. Chelsea Henderson sculpture, fingerpainting and multimedia ciple artists and all of the participants. Contributing Photographers . Tameka Bennarbie drawing/painting. Each was asked to step out of their com- When the idea first came to my fort zone and to do something they usu- Distribution Director . Terri McKusker attention I thought it was a good solution ally wouldn’t do. to a cancelled show, although I didn’t This show indicates several things: The Art Studio, Inc. Board of Directors know how well it would work logistically. 1. People are hungry for creativity. I had nothing to fear! 2. People like free things they can do President Ex-Officio .