±1.675 Acres at 7706 South Main Street Houston, Texas, 77030
OFFERING MEMORANDUM ±1.675 acres at 7706 South Main Street Houston, Texas, 77030
HERMANN PARK RICE UNIVERSITY
TEXAS MEDICAL CENTER
FANNIN ST
W HOLCOMBE BLVD HIP Fitness
Braeswood Place Home Values High-Rise Apts $519K - $1.9M Opening 2019 SMITHLANDS TRANSIT STATION
N BRAESWOOD BLVD
±1.675 ACRES S BRAESWOOD BLVD LIGHT RAIL
TIRR Memorial Hermann S MAIN ST TMC RED LINE SHUTTLE Outpatient Rehabilitation TMC GOLD LINE SHUTTLE Radiation Therapy Dialyspa Morningside Thai Restaurant ACCESS EASEMENT S. MAIN STREET Opening 2019
The Millennium Kirby KIRBY DR
BROKER CONTACT David Marshall, Principal | [email protected] | 713.955.3126 WWW.DMRELAND.COM ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 2
Prime Land Site Adjacent to the Texas Medical Center Property Details Details Less than one mile from the world’s largest medical ADDRESS 7706 S. Main Street, Houston, TX 77030 complex LAT., LONG. 29.697061, -95.414268 • Direct access to the Texas Medical Center via Main Street SIZE ±1.675 acres • Situated on the TMC Shuttle Gold Route • 106,000 employees - More than Exxon, Apple, or Google UTILITIES Available 294.15 3 • TMC , a new 30-acre translational research campus with S BRAESWOOD BLVD SCHOOLS Houston ISD hotel and conference center, breaks ground in 2019; pro- jected completion is in 2022 DETENTION Offsite Convenient access to TX-288 and Loop 610 PARCEL ID 1291620010003 • Via Kirby Drive and Main Street 1.675 AC E 228.26 OWNER UG TX II LLC • Property has access to S. Main St LEGAL RES C BLK 1 MARRIOT COURTYARD • The Property is situated only 2.5 miles south of US-59 and PRICE TBD by market just one mile north of South Loop 610 RESTRICTIONS Deed-restricted against a hotel use for 20 years Close to Houston’s best entertainment and retail 2018 Tax Rates • NRG Park, Rice Village, Hermann Park, and the Houston ACCE EA E E . AI EE Zoo are within two miles of the Property 1 HOUSTON ISD 1.206700 • The Galleria/Uptown District, Downtown Houston, and ACCE EA E E 180.8 . AI EE 40 HARRIS COUNTY 0.418010 Upper Kirby are within five miles of the Property 114.2 41 HARRIS CO FLOOD CNTRL 0.028310 Convenient Infill Location 42 PORT OF HOUSTON AUTHY 0.012560
TMC <1 MILE GREENWAY PLAZA 2.6 MILES 43 HARRIS CO HOSP DIST 0.171100 RICE RICE 74.39 VILLAGE DOWNTOWN UNIVERSITY HERMANN 44 HARRIS CO EDUC DEPT 0.005195 GALLERIA/UPTOWN HOUSTON 4.5 MI PARK DISTRICT 3.6 MI WEST UNIVERSITY PLACE 48 HOU COMMUNITY COLLEGE 0.100263 FANNIN ST HOME VALUES UP TO $18M 386.0 TEXAS 61 CITY OF HOUSTON 0.584210
610 GREENBRIAR DR MEDICAL
KIRBY DR KIRBY MAIN ST CENTER TOTAL 2.526348 W HOLCOMBE BLVD BELLAIRE 2018 Demographics
VA 0-1 mi 0-3 mile 0-5 miles ±1.675 ACRES BRAESWOOD BLVD HOSPITAL CAMBRIDGE ST BUFFALO SPDWY BUFFALO
WESLAYAN ST WESLAYAN Est. Population 2018 Exclusive Representation Making an Offer BRAESWOOD PLACE THE GALLERIA 3.6 MILES UPPER KIRBY 2.8 MILES 19,599 153,368 437,640 HOME VALUES UP TO $1.9M OLD SPANISH TRL/ALT-90 Dosch Marshall Real Estate (DMRE) has been exclusively re- Offers should be presented in the form of a non-binding Letter WOMEN’S HOSPITAL tained to represent the Seller in the disposition of ±1.675 acres of Intent, and should include: 5-Yr Est. Population Growth OF TEXAS FM 521 at 7706 South Main Street Houston, TX 77030 (the Property). • Pricing 6.04% 5.75% 6.68% 1 MILE All inquiries about the Property should be directed to DMRE. • Due Diligence and Closing Timeframe NRG Average Household Income • Earnest Money Deposit PARK 2 MILES $127,054 $142,545 $122,406 Property Website • Description of Debt/Equity Structure • Qualifications to Close Median Value Of Owner Occupied Housing Units 610 dmreland.com/listings/#1489 • Development Plans $279,024 $356,990 $279,361 ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 3
Proximity to the Texas Medical Center Proximity to Other Houston Highlights
UPPER IR . MILES MEMORIAL HERMANN REE A PLA A 3 MILES Fine Dinin $650 million renovation Pondicheri, leming s, Grace s, Giacomo s Ci e e Vino, and expansion 4.25M+ SF Class A office and 25,000 employees Chu s, Carra as, Tur uoise Grill, s Cafe, Goode Co. Seafood and Goode Co. Ta ueria, The ueen Vic Pu METHODIST WEST PAVILION Baylor College of Medicine itchen, and ata Ro ata eater RICE SCURLOCK TOWER • Leaders for biomedical research The Music o Hi End etail ST LUKE’S MEDICAL TOWER • Hosts approximately, 3,378 faculty and 1,211 UNIVERSITY students hole oods Mar et, ed ath e ond, Ulta, Tootsies, Ivor ridal Atelier, Clothier, R e 51, St. Nicola TEXAS MEDICAL • Ranks 7th in the nation for primary care and TEXAS CHILDREN’S HOSPITAL 13th for research according to the U.S. News $506 million expansion RICE ILLA E 1.3 MILES CENTER and World Report West University Place Over 300 shops in the immediate 16-block area TEXAS WOMEN’S UNIVERSITY Bouti ues Eclectic etail Home alues Chico s, Tal ots, Elaine Turner, Guess, hite House 510 18 lac Mar et, anana Repu lic, and endra Scott Di erse Dinin SHRINERS HOSPITAL apanese, Chinese, rench, Italian, Me ican, Spanish, Mediterranean, and Vietnamese Ba lor t. u e s PRESSLER ST Emer enc Center TMC RED LINE SHUTTLE The University of Texas Health Science W HOLCOMBE BLVD Center
• Fills three million square feet of the Texas esidences at Gramerc MAIN ST HI Fitness GREENBRIAR DR Medical Center • Hosts more than 350 undergraduate students, 3,399 post graduate students, and 1,261 fac- ulty members KIRBY DR Braeswood Place Braeswood Place Home alues Home alues 7575 ir Condominiums 519 1.9 519 1.9
N BRAESWOOD BLVD TMC GOLD LINE SHUTTLE 1.675 AC E
N BRAESWOOD BLVD Rice University adiation era S BRAESWOOD BLVD LESS THAN 1 MILE TMC GOLD LINE SHUTTLE • Comprehensive research university consis- tently ranked among top 20 universities in the I emorial Hermann U.S. overall ut atient e a ilitation • One of only three Tier One universities in Texas Dial s a S. MAIN ST ornin side ai estaurant S BRAESWOOD BLVD ACCE EA E E ACCE EA E E • 665 full-time and 197 part-time instructional . AI EE 1.675 AC E . AI EE faculty • 98% of full-time instructional faculty have a e illennium ir doctorate or terminal degree in their field • 3,879 undergraduate and 2,744 graduate degree-seeking students ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 3
Employment Education orld s Largest Medical Center ORLD S Leaders for biomedical research 10 ,000 Hosts approximately, 3,3 8 aculty 9, 00 180,000 LAR EST total employees and 1, 11 students total patient beds annual surgeries Children’s Hospital Ranks th in the nation for TE AS MEDICAL primary care 3 illion 8,000,000 0,000 ORLD S estimated regional Ranked among top 0 universities patient visits ER visits per year in the U.S. overall per year LAR EST CENTER economic impact Cancer Hospital One of only three Tier One 1,34 universities in Texas full-time faculty total acres Entertainment 3 illion 3,8 9 undergraduate , 44 graduate students 8th largest in construction projects underway business district in Fills three million square feet of the U.S the Texas Medical Center 9 Over 3,399 post-graduate students 0 million 1, 1 faculty member developed square feet institutions
Innovation & Research Recently kicked off a new NRG Park NRG Stadium Rice Village Texas Medical Center Innovation Institute Home of the Houston Texans 1, 00 seating capacity, 9 ,000 s uare oot 300 shops over 16 blocks recently cut the ribbon on the Center for Device Innovation at Texas Medical Center, a collaboration between natural grass playing field Texas Medical Center, Johnson & Johnson Medical Devices Companies and Johnson & Johnson Innovation. ,000,000 Host of the orld s largest entertainment and Brays Bayou Greenway livestock exhibition, the Houston Livestock Show 30 miles of greenspace and trails Texas Medical Center 3 venture fund and Rodeo NRG Arena the medical center s translational research campus, will bring together several member institutions, Host of Super o l LI in 2017 349,000 s uare oot event facility Hermann Park including Baylor College of Medicine, Texas A&M University and The University of Texas System; the campus 44 acres has an estimated economic impact of . billion once the campus gets underway in the next couple NRG Center Hermann Park Golf course, Miller Outdoor Theatre, of years. NRG Astrodome Houston Zoo, Museum of Natural Science 1.4 million s uare oot exhibit and conference 1 million s uare oot football baseball, concert facility facility, 0,000 max seating capacity ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 4
Upcoming Developments Major TMC Institutions
3 A TMC C 1 1 Shriners Hospital • New 30-acre translational research campus will serve as the cornerstone for biomedical advancements 1 10 2 HCC Coleman • Breaks ground in 2019; projected completion in 2022 14 9 8 19 • Third-party impact study predicts that TMC3 will drive HERMANN PARK 17 $5.2 billion into the Houston economy and create nearly 3 UT Health - University Center Tower & Sarofim 30,000 jobs 13 1 18 D Research • 410-room hotel and conference center providing provide 4 MD Anderson - Duncan Building & Mays Clinic 50,000 square feet of meeting space RICE UNIVERSITY 11 4 B Texas Children’s Hospital • $506 million expansion - expected completion: 2018 A 5 UT Health - School of Nursing & School of Public • Adding 19 floors to existing tower for new heart center, 1 E 3 Health expanded critical care, and diagnostic and therapeutic 6 UT Health/MD Anderson Cancer Center - Pickens services FANNIN ST Tower C Memorial Hermann • $650 million renovation and expansion; expected com- 7 MD Anderson Cancer Center pletion: 2018 MAIN ST • New patient care building and upgrading infrastructure 8 TIRR Memorial Hermann • Adding 1.3 million square feet in a new space and GREENBRIAR DR increasing their size by 50% SMITHLANDS 9 Baylor College of Medicine D Baylor St. Luke’s McNair Campus • New 1.2-million-square-foot facility on 27.5 acres in var- ious stages of completion, renovation and construction; H 10 Ben Taub Hospital xpected completion: 2019 Braeswood Place • Second patient tower with 650 patient beds and medical Home alues 11 Texas Women’s University office building planned LIGHT RAIL 519 1.9 N BRAESWOOD BLVD E HCC Coleman College for Health Sciences building TMC RED LINE SHUTTLE 12 CHI St. Luke’s Hospital • The 10-story midrise; completion August 2018 TMC GOLD LINE SHUTTLE F Blossom Hotel Houston 13 Texas Children’s Hospital • 9-story hotel 1.675 AC E I G Medistar - Hotel & Apartment High-rise 14 Houston Methodist • 357-unit hotel and 375-unit apartment building B C ACCE EA E E • Retail and restaurants are planned for street level . AI EE 15 UT Medical School H Allen Harrison - High-rise Apartments (South Main) • 11-story building with 186 apartment units S BRAESWOOD BLVD 16 Memorial Hermann
I Residence Inn by Marriott - High-rise Hotel 17 MD Anderson - Mid Campus Bldg 1 • 16-story, 182-room hotel KIRBY DR • opening is scheduled for early 2019 18 Baylor College of Medicine Medical Center * University of Texas Houston - New campus planned • 300 acres located at Buffalo Point about 3.5 miles south 19 VA Hospital of the Texas Medical Center ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 5
Recreation & Entertainment
NRG Center NRG STADIUM • Home of the Houston Texans Hermann Park • State-of-the-art facility has hosted major events such as Hermann Park’s 445 acres hold a number of enter- 610 the Super Bowl, NCAA Final Four tournaments, and the tainment options and venues for visitors, including world’s largest entertainment and livestock exhibition, the the McGovern Centennial Gardens, Hermann Park Houston Livestock Show & Rodeo Golf course, the Miller Outdoor Theatre, a jogging R PAR • Host of Super Bowl LI in 2017 track, the Houston Zoo, the Museum of Natural Host of the Houston Livestock how and odeo and the uper owl L in • NRG Center: 1.4 million-square-foot exhibit and conference Science with the Cockrell Butterfly Exhibit, the Buddy facility G Center - 1.4M S e hi it and conference facilit Carruth Playground For All Children, the Japanese G tadium - 71,500 seating capacit , 7,000 S • NRG Stadium - 71,500 seating capacity, 97,000-square-foot Garden, McGovern Lake with its paddle boats, the natural grass pla ing field natural grass playing field ever popular Hermann Park Mini-Train and the Jud- G Arena - 34 ,000 S event facilit • NRG Arena - 349,000-square-foot event facility G Astrodome - 1M S foot all ase all concert son Robinson, Jr. Community Center. facilit , 70,000 ma seating capacit • NRG Astrodome - 1 million-square-foot football/baseball/ Home alues concert facility, 70,000 max seating capacity to 2.23 Olive Garden Rice Village RICE VILLAGE HERMANN PARK Chipotle Pappas ar ue • Over 300 shops in the immediate 16-block area The rench Corner • Boutiques and eclectic shops as well as high-end clothing stores such as Chico’s, Talbots, Elaine Turner, Guess, White House Black Market, Banana Republic, and Kendra Scott • Dining options include a variety of food from all over the world including Japanese, Chinese, French, Italian, Mexi- can, Spanish, Mediterranean, and Vietnamese e illennium ir I emorial Hermann ut atient e a ilitation Brays Bayou Greenway Dial s a adiation era ornin side ai estaurant • Provides approximately 30 miles of public greenspace and Opening 2019 hike-and-bike trails KIRBY DR S MAIN ST OLD SPANISH TRAIL/ALT-90 Spic Pic le BRAYS BAYOU GREENWAY HERMANN PARK Gla ed Tiffs Treats
TMC GOLD LINE SHUTTLE
ACCE EA E E . AI EE 1.675 AC E
S BRAESWOOD BLVD ±1.675 ACRES AT 7706 SOUTH MAIN STREET | 6
Contacts
David Marshall Dillon Mills Dosch Marshall Real Estate Principal Senior Associate 10-10-11 713.955.3120 [email protected] [email protected] 777 Post Oak Blvd, Suite 255
713-955-3126 713-955-3123 a or complaint question
Houston, TX 77056 OP-K TREC No. ://www.trec.texas.gov) ://www.trec.texas.gov) www.dmreland.com specifically instructs instructs the specifically required to treat each each treat to required tions before proceeding. before proceeding. tions Date Tim Dosch Tripp Rich About DMRE Principal Transaction Manager Active in the Houston market for the past 15 years, our [email protected] [email protected] goal at Dosch Marshall is to represent our clients with 713-955-3127 713-955-3124 excellence. As in other industries, experience is key in real estate, and Dosch Marshall has nearly 60 years of experi- ence collectively. (1) (1) honestly; parties all treat shall (2) a accept will owner the that disclose may not a pay will buyer the that disclose may not (3) (4) or information any confidential disclose not may Tim Dosch, David Marshall and Tom Dosch have all been
recognized in the Houston Business Journal as Houston will who state must consent written The intermediary. underlined or bold conspicuous in and, broker the pay an as obligations broker’s the forth set print, The intermediary. broker is The with comply to and fairly and honestly party as acts who broker A Act. License Estate Real Texas transaction: a in intermediary an price in authorized unless price asking the that less writing to do so by theowner; offer written a in submitted price than the greater price unlessauthorized writingin todo byso the buyer; and informationany that partya in authorized unless disclose to not writing in broker byso do to required or information the disclose to writing The Texas RealEstate License Act ora court orderor if theinformation materially relates the to condition the of property. an as acting a broker consent, parties’ With the intermediary between the parties may appoint a person License Estate The Texas Real under licensed is who communicate broker to the with associated and Act and party one of instructions out carry and with anotherlicensed under person whothat is Actand and with communicate to broker the with associated party. other the of instructions out carry Ifyou choose to have a brokerrepresent you, the with agreement written a into enter should you the broker’s obligations clearly establishes that broker state should agreement The obligations. your and have You paid. be broker the will whom by and how any,representation, if of type the choose to right the broker a to fee a of payment Your receive. to wish you broker the that establish necessarily not does If you have represents you. regardingany questions you broker, the of responsibilities and the duties ques those resolve should
Tom Dosch Kenneth Danna Heavy Hitters in recent years, an award that recognizes about information to give the following yers, tenants, sellers and landlords. sellers tenants, yers, Principal Research Analyst top commercial real estate brokers based on their gross [email protected] [email protected] dollar transaction volume in Houston for the year. 713-955-3125 713-955-3129 at P.O. Box12188, P.O. Austin, 78711-2188Texasat , 512-936-3000 (http
Clark Dalton Jane Matsell Vice President Marketing Manager
[email protected] a as act to agreeing by 713-955-3122 brokerage services to prospective bu brokerage services to Approved by the Texas Real Estate Commission for Voluntary Use Voluntary for Commission Estate Real Texas the by Approved
Becky Hand Land Forecast estate licensees real all requires Texas law Senior Associate Winners you broker, estate real a with working efore should knowthat the duties of a broker depend on whom If represents. broker the prospective a you are landlord or seller [email protected] Services Information About Brokerage 713-955-3121 Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records. subagent by accepting an offer of subagency from the from subagency of offer an accepting by subagent real A subagent may broker. in a different work listing assist can subagent or broker listing A office. estate and the buyer represent not does but the buyer buyer The first. ofowner the interests the place must shouldnot tell the owner’s agent anything the buyer an because know to owner the want not would any owner the to disclose must agent owner’s agent. the to known information material BUYER: THE REPRESENTS THE BROKER IF entering by agent buyer’s the becomes broker The usually buyer, the represent agreement to an into A agreement. representation buyer a written through buyer’sagent canassist the owner but does not represent theowner and must place theinterests of buyer’s a tell not should owner first.buyerthe The buyer the want not would owner the anything agent the to disclose must agent buyer’sa because know to agent. the known to information material any buyer AN INTERMEDIARY: AS ACTS THE BROKER IF the between intermediary an as may act A broker TexasThe with Real complies broker the if parties written the obtain must broker The Act. License Estate an as act to transaction the to party each of consent B (owner) or a prospective buyeror a or (owner) tenant (buyer), you for property the lists who broker the that know should acts who broker A agent. owner’s the is lease or sale cooperation in owner the represents subagent a as with the listing broker. A broker who actsa buyer’s as an as act may broker A buyer. the represents agent the if parties the parties between intermediary locating in you assist can broker A writing. in consent obtaining or lease, or contract a preparing property, a is broker A you. representing without financing you honestly. treat to by law obligated OWNER: THE REPRESENTS THE BROKER IF entering by agent owner’s the brokerThe becomes a through usually owner, the with agreement an into agreement, or - written listing Buyer, Seller, Landlord or Tenant or Tenant Buyer, Seller, Landlord Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have have you If (TREC). Commission Estate Real Texas the by regulated and licensed are Salespersons and Brokers Estate Real Texas TREC contact should estate reala regarding licensee,you 713.955.3120 1990 Post Oak Blvd, Suite 255 Houston, TX 77056
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© 2018 Dosch Marshall Real Estate, All Rights Reserved