±1.675 Acres at 7706 South Main Street Houston, Texas, 77030
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OFFERING MEMORANDUM ±1.675 acres at 7706 South Main Street Houston, Texas, 77030 45 DOWNTOWN HOUSTON 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 ACE 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 ACCES EASEE T . AI EET Zoo are within two miles of the Property 1 HOUSTON ISD 1.206700 • The Galleria/Uptown District, Downtown Houston, and ACCES EAEE 180.8 S. AI EET 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 REEA PLAA 3 MILES Fine Dinin $650 million renovation Pondicheri, lemings, Grace’s, Giacomo’s Cie e Vino, and expansion 4.25M+ SF Class A office and 25,000 employees Chus, Carraas, Turuoise Grill, s Cafe, Goode Co. Seafood and Goode Co. Taueria, The ueen Vic Pu METHODIST WEST PAVILION Baylor College of Medicine itchen, and ata Roata eater RICE SCURLOCK TOWER • Leaders for biomedical research The Music ox HiEnd etail ST LUKE’S MEDICAL TOWER • Hosts approximately, 3,378 faculty and 1,211 UNIVERSITY students hole Foods Maret, ed ath eond, Ulta, Tootsies, Ivor ridal Atelier, Clothier, Re 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 ILLAE 1.3 MILES CENTER and World Report West University Place Over 300 shops in the immediate 16-block area TEXAS WOMEN’S UNIVERSITY Boutiues Eclectic etail Home alues Chico’s, Talots, Elaine Turner, Guess, hite House 510 18 lac Maret, anana Repulic, and endra Scott Dierse Dinin SHRINERS HOSPITAL apanese, Chinese, French, Italian, Meican, Spanish, Mediterranean, and Vietnamese Balor t. ue's PRESSLER ST Emerenc 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 ACE 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 utatient eailitation • One of only three Tier One universities in Texas Dialsa S. MAIN ST orninside ai estaurant S BRAESWOOD BLVD ACCE EAEE ACCE EAEE • 665 full-time and 197 part-time instructional . AI EET 1.675 ACE . AI EET 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 World’s Largest Medical Center WORLDS Leaders for biomedical research 10,000 Hosts approximately, 3,38 aculty 9,00 180,000 LAREST total employees and 1,11 students total patient beds annual surgeries Children’s Hospital Ranks th in the nation for TEXAS MEDICAL primary care 3 illion 8,000,000 0,000 WORLDS estimated regional Ranked among top 0 universities patient visits ER visits per year in the U.S. overall per year LAREST CENTER economic impact Cancer Hospital One of only three Tier One 1,34 universities in Texas 665 full-time faculty total acres Entertainment 3 illion 3,89 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 suare 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 ol LI in 2017 349,000suareoot 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 millionsuareoot exhibit and conference 1 millionsuareoot 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 6 7 17 $5.2 billion into the Houston economy and create nearly 5 3 UT Health - University Center Tower & Sarofim 30,000 jobs 13 1 18 D Research • 410-room hotel and conference center providing provide B 4 MD Anderson - Duncan Building & Mays Clinic 50,000 square feet of meeting space RICE UNIVERSITY G 11 4 B Texas Children’s Hospital F • $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 2 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.