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5757 Woodway Houston, Texas • Executive Summary

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5757 Woodway Houston, Texas • Executive Summary 5757 WOODWAY HOUSTON, TEXAS • EXECUTIVE SUMMARY WESTWAY PLAZA EXECUTIVE SUMMARY 5757 WOODWAY INVESTMENT HIGHLIGHTS 01 HFF, as the exclusive representative of the owner, is pleased to offer for sale 5757 Woodway (the “Property”); a boutique, 162,188-square-foot Class B office building located on a tremendous 4.04-acre development site within the prestigious Galleria submarket. The Property is within close proximity to some of Houston’s most prominent residential neighborhoods including Tanglewood and the Memorial Villages, less than one mile from the Houston Country Club, and approximately two miles from the Houston Galleria, Houston’s foremost shopping and tourist destination. PROPERTY SUMMARY Property: 5757 Woodway Houston, TX 77057 Net Rentable Area: 162,188 SF % Leased: 70.4% Average Remaining Lease Term 3.58 years Year Built: 1978 Number of Stories: 4 (West Building) 2 (East Building) Site Size: Approximately 4.04 Acres Parking Ratio: 3.35 per 1,000 SF EXECUTIVE SUMMARY 5757 WOODWAY INVESTMENT HIGHLIGHTS 02 COVERED LAND PLAY WITH STRONG IN-PLACE CASH FLOW 5757 Woodway represents a rare opportunity to acquire an office building on a 4-acre land parcel within one of the strongest submarkets in Houston and most affluent regions in the country. The Property is ideally located and sized for future mixed use, multi-family, office, retail and/or condominiums. The 70.4-percent-leased building provides strong in-place cash flow and upside through the lease-up of 40,526 square feet of vacant space. Situated in immediate proximity to Tanglewood, the Memorial Villages and River Oaks, the Property has some of the strongest demographics in the city. The Galleria continues to be one of the most highly sought after locations in Houston with demand underpinned by a prosperous, well educated, and proximate workforce. To Augusta Drive 4.0394 acres To Woodway Drive EXECUTIVE SUMMARY 5757 WOODWAY 03 EXCEPTIONAL LOCATION WITHIN MEMORIAL PARK THE GALLERIA, A PREMIER HOUSTON UPTOWN PARK Dubbed the largest urban park in SUBMARKET 5757 WOODWAY Texas at 1,466 acres, it includes 5757 Woodway is located in Houston’s prestigious Texas’ top rated municipal golf course, tennis facilities, three mile Galleria submarket, the 15th largest business running course, bike trails, and district in the United States. Anchored by the world- softball/baseball fields. BLVD PLACE renowned Galleria mall, the submarket offers HIGHLAND VILLAGE Houston’s largest concentration of high-end retail, upscale hotels and fine dining. RIVER OAKS DISTRICT • Approximately 7,100 hotel rooms and more than RIVER OAKS DISTRICT 400 shops and restaurants operate within the The high-end River Oaks District Galleria submarket is a 14-acre mixed-use center with • Home to 23,613 apartment units with 551 THE GALLERIA 252,000 SF of high-end retail. currently under construction • The Galleria, more so than any other submarket in Houston, embodies the live-work-play 24/7 environment providing excellent walkability for residents and employees. HIGHLAND VILLAGE BLVD PLACE Highland Village is situated along BLVD Place offers a number of upscale shops, boutiques, restaurants, Westheimer Road on 15 acres and includes some of the most coveted office space and housing. The newest edition to this unique center is high-end retail space in Houston. a 48,000 square-foot Whole Foods Market and a 53,000 square-foot Frost Bank regional headquarters. THE GALLERIA The Houston Galleria Mall, originally developed by Hines, includes more than 400 stores and restaurants. EXECUTIVE SUMMARY 5757 WOODWAY INVESTMENT HIGHLIGHTS 04 CLOSE PROXIMITY TO HOUSTON’S TOP RESIDENTIAL NEIGHBORHOODS UNSURPASSED DEMOGRAPHICS Houston’s most prominent residential neighborhoods surround the Galleria and 5757 Woodway, 5757 Woodway primarily caters to the residents in the immediate surrounding area. Within a 3-mile with River Oaks directly east, Memorial Villages directly west and Tanglewood directly north and radius, estimated average household income in $123,857 compared to $92,331 in Houston as a whole. south. Within a one mile radius of 5757 Woodway, the average household income is over $150,000 while 30% of homes are valued over $1,000,000 with an average value over $610,000. Housing values 1 Mile Radius 3 Mile Radius 5 Mile Radius Houston, TX within a one mile radius are 3.6 times the Houston average and 75% of the population over the age of POPULATION 25 holds a bachelor’s degree or higher. Many of the city’s top executives and professional workers 2022 Projection 15,557 170,343 528,688 7,848,577 live within minutes of the Property. 2017 Estimate 14,481 157,921 493,688 7,229,367 2010 Census 12,998 140,032 445,616 6,269,293 2000 Census 12,270 125,559 425,959 5,020,578 $1.7MM - $12MM Memorial Villages 5757 WOODWAY Growth 2017 - 2022 7.43% 7.87% 7.19% 8.57% Growth 2010 - 2017 11.41% 12.78% 10.68% 15.31% Growth 2000 - 2010 5.93% 11.53% 4.61% 24.87% $1.3MM - $7.8MM Tanglewood 2017 Est Median Age 48 37 36 35 $1.6MM - $15.0MM River Oaks $650K - $1.8MM 2017 Est Average Age 47 39 37 36 Montrose HOUSEHOLDS $600K - $3.2MM 2022 Projection 8,441 80,924 229,107 2,732,828 Upper Kirby 2017 Estimate 7,788 74,773 212,630 2,516,563 $900K - $18MM Museum District/ Rice University Growth 2017 - 2022 8.39% 8.23% 7.75% 8.59% $1.03 MM - $4.5 MM Growth 2010 - 2017 13.52% 13.57% 11.87% 14.99% West University Growth 2000 - 2010 2.14% 7.47% 5.03% 24.05% 2017 Est Median Housing Value $610,773 $571,970 $421,393 $169,841 INCOME 2017 Est Average HH Income $150,479 $123,857 $116,383 $92,331 2017 Est Median HH Income $94,382 $69,798 $63,718 $63,250 EXCELLENT ACCESS Advantageously positioned in Houston’s sought-after Galleria submarket, 5757 Woodway offers direct access to the city’s finest shopping, dining, recreation and entertainment venues. Tenants of 5757 Woodway also benefit from excellent access to some of the city’s major thoroughfares including Loop 610, US Highway 59, IH-10, Westheimer, San Felipe and Woodway, each located within minutes of the Property. In addition, decision-makers and tenants can easily reach the surrounding neighborhoods without ever having to get on a freeway. EXECUTIVE SUMMARY 5757 WOODWAY 05 BOUTIQUE OFFICE BUILDING THAT CATERS TO GALLERIA TENANCY TENANT BASE Health & Wellness Office space demand in the Galleria district is driven by a diverse mix of large corporate headquarters Technology such as Apache, BHP Billiton, Amegy Bank, Stewart Title, and Bechtel and is underpinned by small Communication to medium sized tenants who execute business with these major firms. Furthermore, over the Financial Services previous ten years, the average lease size in the Galleria submarket ranged from 3,000 to 6,500 Real Estate square feet making 5757 Woodway an ideal fit. The well-diversified tenant base at 5757 Woodway Legal includes a broad range of business sectors including non-profit, legal, healthcare, communications, Utilities technology and education, minimizing overexposure to any single industry. Education Non Profit EXECUTIVE SUMMARY 5757 WOODWAY MEMORIAL CITY WEST SAM HOUSTON TOLLWAY 06 IH-10 MEMORIAL VILLAGES HOUSTON COUNTRY CLUB TANGLEWOOD WOODWAY DRIVE AUGUSTA DRIVE Augusta Drive TANGLEWOOD Woodway Drive PARK SUGAR HILL DRIVE BERING DRIVE EXECUTIVE SUMMARY 5757 WOODWAY 07 TEXAS MEDICAL CENTER GREENWAY IH-610 610 THE GALLERIA TANGLEWOOD Augusta Drive Woodway Drive WOODWAY DRIVE AUGUSTA DRIVE EXECUTIVE SUMMARY 57575757 WOODWAYWOODWAY PROPERTY OVERVIEW 08 W 11th St SITE PLAN Grand Pkwy 69 LIBERTY Blalock Rd Blalock Campbell Rd Post Oak Rd Oak Post Silber Rd Silber Lake COUNTY Houston The WoodlandsKaty Freeway Houston Heights Memorial MONTGOMERY State Park City Mall Whiteoak Blvd Heights ExxonMobil COUNTY Bayou Corporate Headquarters Voss Rd Voss Eastex Frwy Memorial Dr Memorial Park Gessner Rd Gessner Golf Course Washington Ave Bayou Arnot St Dr Shepherd DRIVE Westcott St Y 5757 WOODWAY A Memorial Dr WOODW Houston Memorial Park Allen Pkwy Bualo Country Sabine Club Memorial Dr Bayou Park HARRIS Bualo Woodway Dr Tanglewood COUNTY River Oaks Proposed Country Kirby Dr Montrose Club George Bush Intercontinental San Felipe St Airport Briar Forest Dr River Oaks SanGrand Felipe St Greenspoint Blvd Montrose Pkwy Dr Shepherd Sam Houston Pkwy Westheimer Rd Lake EAST Houston Alabama St Westheimer Rd BUILDING 69 The Galleria (2 STORY) Sage Rd Sage Richmond Ave Hardy Toll Road St Weslayan Galleria St Edloe Richmond Ave atrium Gessner Rd Gessner Northwest Frwy Sheldon Chimney Rock Rd Rock Chimney North Frwy Dr View Fountain Westpark Dr Reservoir Bissonnet St Voss Rd Voss WEST Fannin St BUILDING Rd Fondren Westpark Tollway (4 STORY) Hermann RICE Park UNIVERSITY Harwin Dr Beaumont Hwy St Newcastle UNIV. OF TEXAS Gulfton St HEALTH SCIENCES North CENTER Loop Loop West Baytown East Frwy 5757Sharpstown WOODWAY Houston Katy Frwy Park Sharpstown Texas Zoo Greenbriar St Greenbriar Medical Country Club Dr Kirby Energy Mall Center Bellaire Blvd Holcombe Blvd Corridor Bellaire Blvd Downtown Westchase Main St George Bush Fannin St Park Westheimer Rd San The Galleria East Loop Jacinto Blvd Westpark Tollway HOUSTON Rd Link Stella Bay Southwest FreewayBAPTIST Bayland Pasadena Frwy Texas Park UNIVERSITYMedical Braeswood West Loop West Center Beechnut St Alameda Rd South Loop Southwest Frwy Meyerland Bayou Plaza S Main St Holly Hall St Brays Barbour’s Cut Houston Westwood Terminal Astrodome Country Club Bissonnet St Reliant Buffalo Speedway Buffalo Reliant Park Stadium Stein PARKING Rd Rock Chimney FORT BEND 69 Park South Loop GARAGE Braeburn William Braeswood Blvd P. Hobby Galveston Six Flags COUNTY Country Club Astroworld Pkwy Airport Bay Sam Houston Tollway Bayport Bend Terminal Gulf Frwy Armand Bayou Park Fort South Frwy Clear Lake Smithers Lake GALVESTON COUNTY BRAZORIA Proposed Grand Pkwy COUNTY CONTACT INFORMATION INVESTMENT SALES FOR FINANCING INQUIRIES H.
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