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San Felipe @ Augusta Drive ± 2.1 ACRES ON AN IRREPLACEABLE CORNER 5850 SAN FELIPE @ AUGUSTA DRIVE FOR MORE INFORMATION, CONTACT: Simmi Jaggi Elizabeth Clampitt Chis Bergmann Jr. Managing Director Senior Vice President Vice President +1 713 888 4098 +1 713 888 4075 +1 713 425 5868 [email protected] [email protected] [email protected] INVESTMENT HIGHLIGHTS Fountainview Dr SAN FELIPE PLAZA Augusta Dr TANGLEWOOD PLAZA 11,570 VPD 37,930 VPD San Felipe St T.H. Rogers School / Post Oak Little League THE OFFERING — A PREMIER ECONOMIC STABILITY — SOLID DRIVERS REDEVELOPMENT OPPORTUNITY Located within the Houston-Galveston-Brazoria Consolidated Metropolitan Statistical Service Area (CMSA), the Property resides in the fifth largest JLL is pleased to present 5850 San Felipe Street to the market as a metropolitan area in the United States. The city is 9,444 square miles and has redevelopment opportunity. The entire tract totals approximately a population of approximately 6 million people. 2.1 acres with a +/- 119,168 SF Class B office building and parking garage. The available property offers frontage, access and DEMOGRAPHICS 1 MILE 3 MILE 5 MILE incredible visibility along both San Felipe and Augusta Streets. Population 27,816 190,841 529,157 The surrounding area is densely populated with some of the highest incomes in the city, single family homes, Class A apartments, Households 15,240 88,593 226,656 retail and restaurants including Dish Society, Local Foods, Ginza Families 6,056 41,739 119,627 Japanese, Mod Pizza, la Madeleine, Barnabys and many others . There are no restrictions on the property. Median Age 40.7 35.7 35.6 Avg. Household Income $130,173 $117,539 $119,027 IRREPLACEABLE CORNER BUSINESS SUMMARY 1 MILE 3 MILE 5 MILE Situated at the northwest corner of San Felipe and Augusta, the available property is located among Houston’s most prominent Total Businesses 2,822 18,391 42,558 neighborhoods: Uptown, Memorial and Tanglewood - home to Total Employees 27,618 189,430 434,821 some of the highest net worth individuals in the city. Defined by its unique blend of prestigious business and residential addresses, Employee/Residential Population Ratio 99 99 82 with the best in shopping, hotels, dining and entertainment nearby, (per 100 Residents) this area is one of the world’s great urban centers. 5850 San Felipe Street allows convenient access to all of Houston’s main arteries. The Galleria, downtown, the Museum District and the Texas Medical TRAFFIC COUNTS VEHICLES PER DAY Center are all easily accessible from the available site. San Felipe St at Augusta Dr 34,930 Augusta Dr at San Felipe St 11,570 SURVEY LOCATION MAP ENERGY CORRIDOR MEMORIAL DOWNTOWN TANGLEWOOD UPTOWN/ GALLERIA GALLERIA 69 1 TEXAS MED CENTER DRIVE TIMES Galleria: 2 Miles, 5 Minutes Texas Med Center: 8 Miles, 15-20 Minutes Downtown: 10 Miles, 16-20 Minutes Energy Corridor: 12 Miles, 20 Minutes Fountain View Dr Dr View Fountain Augusta Dr Dr Augusta Bering Dr ±2.1 ACRES SAN FELIPE @ AUGUSTA T.H. Rogers School / Post Oak Little League San Felipe St ± 2.1 ACRES AT AN ELITE LOCATION Situated directly across the street from T.H. Rogers School, home of the Post Oak Little League, the site provides greenspace visibility is surround by elite neighbors. T.H. Rogers School / Post Oak Little League T.H. Rogers School is a magnet public school Augusta Dr and part of the Houston Independent School District. Serving gifted and talented students through its Vanguard program, T.H. Rogers is the most prestigious public school in Houston, and admission is highly sought after. Admission is based on merit - not attendance zone - and highly competitive, and the school boasts a student population representing more than half the countries in the world. The students achieve some of the highest standardized testing scores in Houston, with greater than 93% proficiency in both reading and math. San Felipe St T.H. Rogers’ state-of-the-art athletic facilities’ fields are home to the Post Oak Little League teams. Post Oak Little League (POLL) has been serving the community for over 63 years. POLL is one of the most vibrant, fun and healthy baseball little leagues in Houston. It is where neighborhood children, as well as many parents and grandparents, either coached or learned to play, but most of all, learned to love the game of baseball and build long lasting friendships and memories. Through volunteer-ism, support, and teamwork, Post Oak Little League focuses on teaching children the game of baseball, but more importantly, prepares them for life challenges by setting examples of courage, loyalty and character and reinforcing strong family values. This summer players from Post Oak Little League represented the Post Oak community, District 16, Greater Houston, the state of Texas as well as the Southwest Region on a remarkable run to the Little League World Series in South Williamsport for the first time in our history. AROUND THE AREA Education, Culture and Shopping - it’s all here Second Baptist Church & School Grady Park Less than 2 miles from 5850 San Felipe Street lies the Woodway Grady Park is a compact green space featuring an open multi-use field, Campus of Second Baptist, a mega church with a membership a tennis court and children’s of over 63,000 parishioners. Established in 1957, this primary playground equipment that location at 6400 Woodway Drive boasts the largest all-pipe provides an oasis amongst the Rogers organ ever built. Described as “a town within a city,” in bustle of the surrounding city. addition to worship facilities the church has fitness centers, Located at the corner of San bookstores, information desks, a café and a K-12 school that Felipe and Yorktown Streets services higher end residents. and adjacent to Tanglewood Founded in 1946, Second Baptist School was established with Middle School, Grady Park the purpose of providing a place of biblical instruction and is just 0.8 miles from the learning where students could grow academically, spiritually, available property. physically and socially. The mission of Second Baptist School is to train students in areas of knowledge that will allow them to understand clearly, to think deeply, to judge wisely, and to have the courage to live their lives on the great principles and convictions of biblical truth. One of the finest grocery-anchored shopping centers in Houston. An- chored by Whole Foods, tenants include Soul Cycle, Pure Barre, Blue- mercury, Chico’s and Lily Rain as well as restaurants such as Carrabbas and Buffalo Grille. Woodway Collection is located just 1 The Kinkaid School The Kincaid School is a mile from 5850 San Felipe. premier private K-12th grade college preparatory school that stresses academic accomplishment alongside social development, athletic Trader Joe’s is also located at the same intersection. participation, enjoyment of the arts and ethical behavior. It is the oldest independent coeducational school in Greater Houston and one of the top-rated private schools in Texas. Tuition ranges from WOODWAY COLLECTION WOODWAY $24,000 to $29,355 annually and 99% of its students go on to attend a 4 year college. The Kinkaid School is 2 miles away from 5850 San Felipe Street. TANGLEWOOD/MEMORIAL Among the most affluent neighborhoods in Houston Located just outside the western border of the Inner Loop, Tanglewood is an upscale neighborhood with more than 1,200 homes near Uptown/Galleria and the Memorial Park area. Aside from its strategic location, Tanglewood boasts numerous biking and walking trails as well as wide sidewalks lined with tall oak trees. Zoned to some of the best schools in Houston, Tanglewood is also among the best Houston neighborhoods for land appreciation. Many of the older properties in Tanglewood are old ranch-style homes with huge front lawns. However, the entry of new developers in the neighborhood paved way to the construction of numerous single-family homes and luxury multi-family developments. Some homes in Tanglewood follow the architectural principles of designs such as English style brick and stone, Georgian mansions, Mediterranean villas with clay roofs, and French chateaus. HOME PRICES The Galleria and Downtown Houston, two of the $975,000 to $4,000,000 city’s main business districts, are just a few minutes away from the heart of Tanglewood. Residents who Median Price: $1.75 million work in these areas can maintain a healthy work- life balance because of Tanglewood’s proximity to The Tanglewood area has seen high values Houston’s financial hubs. and appreciation over the past few years, with a 15% price increase per square foot. The value of Tanglewood properties has increased by 43% over the past decade. REDEVELOPMENT OPPORTUNITIES Luxury High-Rise There is a healthy market for mid- Retail There is little retail space available in the immediate rise multi-family residential in Tanglewood, but this site presents surrounding area creating an opportunity for retail development. a unique opportunity for the development of a residential luxury The high-income population and site’s proximity to numerous high-rise. There is currently only one in development at this time, schools and neighborhoods from which to draw clientele makes this and demand for high-rise living is expected to increase with the a superb location for retail redevelopment. surrounding residents looking to downsize while still keeping the level of luxury to which they are accustomed. Developers are taking note: Hawthorne Condominiums are under construction to the east at Chimney Rock. The building will feature 67 luxury residences and 17 floors. Senior Living There is a senior living facility adjacent the property, however, it is the only senior living community within 1 mile.
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