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±1.9519 Acres at 1515 Garrettson Ln ±1.9519 Acres at 1515 Garrettson Ln. BROKER CONTACT David Marshall, Principal | [email protected] | 713.955.3126 Property Details At A Glance DETAILS 2018 TAX RATES 001 HOUSTON ISD 1.206700 ADDRESS 1515 Garrettson Ln., Houston, TX 77056 040 HARRIS COUNTY 0.418580 041 HARRIS CO FLOOD CNTRL 0.028770 LAT., LONG. 29.751944, -95.459505 042 PORT OF HOUSTON AUTHY 0.011550 POST OAK BLVD ±1.9519 ACRES SIZE ±1.9519 Acres 043 HARRIS CO HOSP DIST 0.171080 GARRETTSON LN 044 HARRIS CO EDUC DEPT 0.005190 UTILITIES Available 048 HOU COMMUNITY COLLEGE 0.100263 061 CITY OF HOUSTON 0.588410 Houston ISD: Wharton Dual Language SCHOOLS TOTAL 2.530443 Dosch Marshall Real Estate (DMRE) has Academy; Lamar High School been exclusively retained to represent the Seller in the disposition of this property. 2018 DEMOGRAPHICS PARCEL ID 1360430010001 All inquiries about the Property should 0-1 mi 0-3 mile 0-5 miles be directed to DMRE. Est. Population 2018 OWNER JLB WINHALL LP CLICK HERE FOR LISTING 18,400 175,979 504,013 5-Yr Est. Population Growth RES A BLK 1 LEGAL MAKING AN OFFER WINHALL 3.04% 3.5% 4.3% Offers should be presented in the form of a non-binding Letter of Intent, Average Household Income and should include: PRICE TBD by Market $151,727 $151,282 $139,697 • Pricing • Description of Debt/ Median Value Of Owner Occupied Housing Units Equity Structure • Due Diligence and RESTRICTIONS None Closing Timeframe • Qualifications to $426,408 $380,125 $350,939 • Earnest Money Close Deposit • Development Plans dmre.com 2 Area Highlights Facing Southwest dmre.com 3 Property Survey ~298.07’ AVAILABLE ±1.9519 ~284.76’ ACRES ~284.62’ (85,024 SF) ~298.64’ dmre.com 4 Area Highlights Uptown District / The Galleria EMPLOYMENT TOP EMPLOYERS RETAIL & HOSPITALITY • Occupies 500 acres and is the 15th largest business • Home to the largest number of couture retailers district in the U.S. • 55% of residents within a three-mile radius earn • 26 million total square feet of commercial office space over $75,000 annually • Class A occupancy rate remains at a steady 90% • Six million square feet of retail space and more throughout the year than 1,000 stores • Over 16 million square feet of Class A office space • 13% of Houston’s total “Class A” office space, second THE GALLERIA MALL only to Downtown Houston • Three million-square-foot, mixed-used site on • Hosts over 82,000 employees and 2,000 companies, 52 acres including Fortune 500 companies Apache, Spectra • Fourth largest retail complex in the Energy, and Marathon Oil United States • Hosts more than 30 million visitors annually, making it the number one shopping and tourist attraction in Houston • Houston’s most prestigious shopping including stores such as Neiman Marcus, Cartier, Hermes of Paris, Saks Fifth Avenue, Louis Vuitton, Ethan Allen HOSPITALITY • Over 30 million people visit the District every year • 34 hotels with over 7,800 hotel rooms (more full service hotels than any other district FOUR OAKS PLACE - UPTOWN DISTRICT in Houston) • Highest hotel occupancy rate in Houston • Nearly 10% of Houston’s total hotel rooms NEW DEVELOPMENTS • In 2016 the Galleria opened a new 198,000-square-foot Saks Fifth Avenue • A high-rise 30-story residential tower is also planned, with 225 hotel rooms and 75 to 10 condominiums • Recently added a 180-foot-long retail corridor for high-end boutiques called “Galleria IV”; most shops opened in the second THE GALLERIA MALL quarter of 2017 dmre.com 5 Area Highlights Employment 26,000,000 1st Quarter 2017 commercial office 81.5% square foot CLASS A OCCUPANCY 15th largest business district in the U.S. Diverse tenant base: a wide variety of energy, legal, 82,000+ tech and medical employers protect Uptown District employees from the ups and downs of the price of oil. Top Employers Living 180,000+ 2,000+ residents within a companies three-mile radius $106,000 average household income within a 3 13% mile radius total Class A office space (2nd to Downtown) 36.5 median age Hospitality Retail 72.2% 1st Quarter 2017 1st Quarter 2017 200,000 HOTEL 100% RETAIL people per day converge in Uptown Houston to OCCUPANCY OCCUPANCY work, dine, or shop. Nearly 7,800 luxurious rooms, which The Galleria maintain the highest RevPAR (Revenue Hosts more than 30 million visitors annually FIRST per Available Room) in Houston Number one shopping & tourist attraction in Houston designated scenic 34 hotels - more than any other district in Houston district in Houston Fourth largest retail complex in the U.S dmre.com 6 Area Highlights River Oaks HOUSTON’S PREMIER RETAIL AND ENTERTAINMENT The Property is ideally located near Houston’s most affluent neighborhood, River Oaks. Single family home values in the River Oaks neighborhoods reach $19.5 million. Founded in the 1920s, the River Oaks neighborhood spans over 1,000 acres and includes two of Houston’s most popular shopping destinations, River Oaks District and Highland Village. River Oaks District is Houston’s premier destination for global luxury brands. The mixed-use development is made up of 650,000 square foot which includes boutique styled shops, restaurants, sidewalk cafes and an iPic movie theater among an expanding list of tenants. RIVER OAKS COUNTRY CLUB Highland Village is an expansive collection of upscale boutiques including Anthropologie, Pottery Barn, and Williams Sonoma. River Oaks is also home to some of Houston’s best restaurants, including Brasserie 19, Armandos, and Smith & Wollensky. HOMES IN RIVER OAKS 7 Area Highlights River Oaks Memorial Park Buffalo Bayou Park RICE MILITARY Houston Country Club River Oaks Country Club SITE RIVER OAKS MONTROSE UPTOWN Escape The Levy Park Room Texas GREENWAY/ UPPER KIRBY MUSEUM PARK BELLAIRE The Museum of Fine Arts JUNCTION dmre.com 8 Our Team David Marshall Becky Hand Principal Senior Associate [email protected] [email protected] 713.955.3126 713.955.3121 Tim Dosch JP Hayes Principal Vice President of Listings [email protected] [email protected] 713.955.3127 713.955.4473 Tom Dosch Dakota Dosch Principal Analyst [email protected] [email protected] 713.955.3125 713.955.4472 dmre.com 9 10-10-11 Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. Information About Brokerage Services efore working with a real estate broker, you intermediary. The written consent must state who will should know that the duties of a broker pay the broker and, in conspicuous bold or underlined depend on whom the broker represents. If print, set forth the broker’s obligations as an Byou are a prospective seller or landlord intermediary. The broker is required to treat each (owner) or a prospective buyer or tenant (buyer), you party honestly and fairly and to comply with The should know that the broker who lists the property for Texas Real Estate License Act. A broker who acts as sale or lease is the owner’s agent. A broker who acts an intermediary in a transaction: as a subagent represents the owner in cooperation (1) shall treat all parties honestly; with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an (2) may not disclose that the owner will accept a intermediary between the parties if the parties price less that the asking price unless authorized in consent in writing. A broker can assist you in locating writing to do so by the owner; a property, preparing a contract or lease, or obtaining financing without representing you. A broker is (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer obligated by law to treat you honestly. unless authorized in writing to do so by the buyer; and IF THE BROKER REPRESENTS THE OWNER: (4) may not disclose any confidential information or The broker becomes the owner’s agent by entering any information that a party specifically instructs the into an agreement with the owner, usually through a broker in writing not to disclose unless authorized in written - listing agreement, or by agreeing to act as a writing to disclose the information or required to do so by subagent by accepting an offer of subagency from the The Texas Real Estate License Act or a court order or if listing broker. A subagent may work in a different real the information materially relates to the condition of the estate office. A listing broker or subagent can assist property. the buyer but does not represent the buyer and must place the interests of the owner first. The buyer With the parties’ consent, a broker acting as an should not tell the owner’s agent anything the buyer intermediary between the parties may appoint a person would not want the owner to know because an who is licensed under The Texas Real Estate License owner’s agent must disclose to the owner any Act and associated with the broker to communicate material information known to the agent. with and carry out instructions of one party and another person who is licensed under that Act and IF THE BROKER REPRESENTS THE BUYER: associated with the broker to communicate with and The broker becomes the buyer’s agent by entering carry out instructions of the other party. into an agreement to represent the buyer, usually through a written buyer representation agreement. A If you choose to have a broker represent you, buyer’s agent can assist the owner but does not you should enter into a written agreement with the represent the owner and must place the interests of broker that clearly establishes the broker’s obligations the buyer first.
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