±2.05 Acres at WESLAYAN ST & W ALABAMA ST in RIVER OAKS
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GALLERIA / UPTOWN DISTRICT ·14th largest business district in the U.S. ·28 million SF of office space ·1.35 million SF of office space proposed ·Over 82,000 employees 610 ·Over 2,000 companies SKYHOUSE RIVER OAKS RIVER OAKS DISTRICT Dining Le Colonial Toulouse Cafe & Bar THE MILLENNIUM Hopdoddy Burger Bar Amorino Gelato HIGH STREET Steak 48 Flow Juice Bar THE JAMES HIGHLAND VILLAGE Taverna Pizzeria & Risotteria The Tuck Room Retail Apple Anthropologie Retail & Entertainment Crate & Barrel Lush Cosmetics Cartier Roberto Cavalli Williams-Sonoma J.Crew Dolce & Gabana Saint Bernard Tommy Bahama Lululemon Dior Roberta Roller Rabbit Kiehl’s Since 1851 Francesca’s Collection Brunello Cucinello Stella McCartney Madewell Lucchese Bonobos Van Cleef & Arpels Vineyard Vines Z Gallerie Hermes Tom Ford Harry Winston St. Nicola L’Occitane Les Copains WESTHEIMER RD THE GAEL ESSEX HOUSE 2929 WESLAYAN OLYMPIA AT WILLOWICK PARK ARIA AT WILLOWICK PARK W ALABAMA ST 2.05 ACRES WESLAYAN ST ±2.05 acres At WESLAYAN ST & W ALABAMA ST IN RIVER OAKS 81,505 square-foot office building with income in place 3000 Weslayan St, Houston, TX | Price TBD by Market ±2.05 ACRES AT 3000 WESLAYAN ST EXCLUSIVE REPRESENTATION OFFER REQUIREMENTS ARA Newmark has been exclusively retained to Offers should be presented in the form of a CONTENTS represent the Seller in the disposition of ±2.05 non-binding Letter of Intent, and should include: acres at 3000 Weslayan St in Houston, Texas · Pricing (Property). All inquiries about the Property Property Information 3 should be directed to ARA Newmark. ·Due Diligence and Closing Timeframe ·Earnest Money Deposit ·Description of Debt/Equity Structure Survey & Tax Rates 4 DUE DILIGENCE INFORMATION · Qualifications to Close ·Development Plans To access the due diligence information please visit the Property website at: Purchase terms shall require cash to be paid at Building Details 5 arausa.listinglab.com/3000Weslayan closing. Offers should be delivered to the atten- tion of Tim Dosch, David Marshall, Tom Dosch, or Employment Highlights 9 Matt Rotan via fax or email. Retail & Entertainment Highlights 13 CONTACTS Tim Dosch David Marshall Houston Market Overview 16 Principal Principal [email protected] [email protected] O 713-955-3127 O 713-955-3126 Brokerage Information 18 M 713-459-8123 M 713-206-1574 Tom Dosch Matthew Rotan Principal Vice Chairman [email protected] [email protected] O 713-955-3125 O 713.425.5406 M 713-557-4455 ARA, A Newmark Company www.aranewmark.com 1700 Post Oak Blvd 2 BLVD Place, Suite 400 Houston, TX 77056 ±2.05 ACRES AT 3000 WESLAYAN 2 PROPERTY DETAILS INCOME PRODUCING PROPERTY TRACT DETAIL · Strong NOI with opportunity for growth 3000 Weslayan St, Houston, Tx 77027 LOCATION · Rent roll available Hard corner of Weslayan St and W Alabama St LATITUDE, LONGITUDE 29.737681, -95.442127 PROPERTY SURROUNDED BY HIGH END RETAIL AND DINING · Less than a mile from Central Market, Highland Village, the River Oaks District, ±2.05 Acres and Greenway Plaza, Houston’s highest concentration of high-end retail and TOTAL ACRES 81,505 SF Office Space dining PARCEL ID 0410170020080 · Less than two miles from the Galleria/ Uptown District, which features more than five million square feet of retail space and approximately 1,000 stores 600 Ft on Weslayan Street FRONTAGE (APPROX.) 295 Ft on W Alabama Street EXCELLENT LOCATION NEAR HOUSTON’S LARGEST BUSINESS Weslayan Street ACCESS CENTERS W Alabama Street · Within five miles of Houston’s strongest employment markets: Greenway Plaza (0.4 miles), Galleria/ Uptown District (0.8 miles), Texas Medical Center (3 UTILITIES City of Houston miles), and Central Business District (4.5 miles) · Near the Upper Kirby district, renowned for its dining and entertainment: FLOODPLAIN Not in the floodplain the district boasts two theater venues, high-end retail shops, and some of Houston’s finest restaurants, including Fleming’s, Grace’s, Pondicheri, and SCHOOL DISTRICT Houston ISD Giacomo’s Cibo e Vino 2017 budgeted NOI of $825,000 with strong OFFICE LEASE opportunity for growth Rent roll available DEMOGRAPHICS 0-1 mi 0-3 mi 0-5 mi 2016 Est. Population 20,823 188,724 486,608 2016 Est. Average Household Income $140,449 $141,942 $115,121 2016 Est. Average All Owner-Occupied $629,588 $623,681 $511,355 Housing Values ±2.05 ACRES AT 3000 WESLAYAN 3 PROPERTY SURVEY & TAX RATES 294.31’ 2016 TAX RATES 2016 Rate Houston ISD 1.206700 302.09 300.92’ Harris County 0.416560 Harris Co Flood Cntrl 0.028290 Port of Houston Authy 0.013340 Harris Co Hosp Dist 0.171790 Harris Co Educ Dept 0.005200 Hou Community College 0.100263 City of Houston 0.586420 297.30’ Total 2.528563 ±2.05 ACRES AT 3000 WESLAYAN 4 BUILDING DETAILS 3000 Weslayan EXTERIOR PLAZA · 81,505 square feet of office space · Three-story, Class B office building · 241 parking spaces Building Income · 2017 budgeted NOI of approximately $825,000 with strong opportunity for rent growth · Rent roll available For rent roll and other confidential information, please sign the Confidentiality Agreement INTERIOR CORRIDOR MAIN LOBBY ±2.05 ACRES AT 3000 WESLAYAN 5 BUILDING DETAILS FLOOR PLANS Floor 01 ±2.05 ACRES AT 3000 WESLAYAN 6 BUILDING DETAILS FLOOR PLANS Floor 02 Floor 03 ±2.05 ACRES AT 3000 WESLAYAN 7 AREA HIGHLIGHTS UPPER KIRBY TEXAS MEDICAL CENTER - Mix of auent residential neighborhood and - Situated on 1,345 acres, the Texas Medical Center (TMC) is the eighth-largest business urban mixed-use developments district in the country - Live-work-play environment with high end retail, - 106,000 employees - More people than Exxon, Apple, or Google posh boutiques, and many of Houston’s nest - 21 renowned hospitals and 8 academic and research institutions restaurants, including Pondicheri, Fleming’s, Grace’s, Giacomo’s Cibe e Vino, Chuy’s, GREENWAY PLAZA RICE UNIVERSITY - Ten-building complex totaling over 4.25 million square - Comprehensive research university consistently ranked RICE VILLAGE KIRBY DR feet of Class A office space and boasts over 25,000 among top 20 universities in the U.S. overall employees - One of only three Tier One universities in Texas - Offers over 300 shops in the immediate 16-block area ·Master-planned mixed-use 52-acre site with premier - 665 full-time and 197 part-time instructional faculty - Consists of boutiques and eclectic shops as well as frontage along US 59 - 98% of full-time instructional faculty have a doctorate high-end clothing stores such as Chico’s, Eddie Bauer, and or terminal degree in their field Pier 1 Imports · Dining options include a variety of food from all over the world including Japanese, Chinese, French, Italian, Mexican, Spanish, Mediterranean, and Vietnamese LAMAR HIGH SCHOOL BUFFALO SPEEDWAY TIMMONS LN THE BRIAR CLUB WESLAYAN ST W ALABAMA ST 2.05 ACRES THE BRIAR CLUB GREENWAY PLAZA UPPER KIRBY TEXAS MEDICAL CENTER RICE UNIVERSITY RICE VILLAGE ±2.05 ACRES AT 3000 WESLAYAN 8 EMPLOYMENT HIGHLIGHTS The Galleria/Uptown District (0.8 miles) · Over 82,000 employees and 28 million square feet of office space · Home to over 2,000 companies including Apache Corporation, BHP Billiton, Cameron International Corporation, Hines REIT, and Weatherford International, Ltd. · 1.3 million square feet is under construction · $1 billion in renovations are underway · One of the nation’s largest business districts Top Uptown/Galleria Employers 2016 Company Employees Revenue FY 2015 Bechtel Corporation 1,200 $37.2 billion Spectra Energy Corporation 1,070 $5.23 billion Apache Corporation 971 $6.37 million POST OAK BOULEVARD Weatherford International 900 $9.43 billion Stage Stores Inc. 850 $1.6 billion Sodexo 800 $22.21 billion Landry’s Inc. 800 NA BBVA Compass 708 $3.41 billion Stewart Title 567 $2.03 billion Alliant Group 542 NA THE GALLERIA bizjournals.com ±2.05 ACRES AT 3000 WESLAYAN 9 EMPLOYMENT HIGHLIGHTS: GALLERIA/ UPTOWN DISTRICT (0.8 MILES) 18 6 9 10 19 4 8 3 12 15 1 5 11 14 20 7 17 2 GALLERIA/ UPTOWN DISTRICT 16 13 RIVER OAKS DISTRICT HIGHLAND VILLAGE WESTHEIMER RD 2.05 ACRES W ALABAMA ST WESLAYAN ST Aerial Legend 1 BBVA Compass Plaza 6 Four Leaf Towers 11 1800 West Loop South 16 The St. Regis Houston 2 Royal Sonesta Hotel 7 SkyHouse River Oaks 12 Amegy Bank 17 Landry’s Inc 3 Post Oak Central 8 Cosmopolitan Highrise 13 Target 18 1 Riverway 4 Hanover Post Oak 9 Four Oaks Place 14 Five Post Oak Park 19 Omni Houston 5 Boulevard Place 10 BHP Billiton Petroleum 15 Burns & McDonnel 20 Park Square Highrise ±2.05 ACRES AT 3000 WESLAYAN 10 EMPLOYMENT HIGHLIGHTS Texas Children’s Hospital Memorial Hermann Greenway Plaza (0.4 miles) · $506 million expansion · $650 million renovation and expansion · Ten-building complex totaling over 4.25 · Adding 19 floors to existing tower for new heart · Building new patient care building and upgrading million square feet of Class A office space center, expanded critical care, and diagnostic and infrastructure and boasts over 25,000 employees therapeutic services · Adding 1.3 million square feet in a new space and · Major employers include Oxy USA, · Expected completion: 2018 increasing their size by 50% Transocean, Koch Industries, Invesco, Baylor St. Luke’s McNair Campus · Expected completion: 2018 Direct Energy, and Community Bank of · New 1.2-million-square-foot facility Texas Rice University (3.4 miles) · In various stages of completion, renovation and · Master-planned mixed-use 52-acre site · Comprehensive research university consistently construction with premier frontage along US 59 ranked among top 20 universities in the U.S. overall · Second patient tower and medical office building · Sold to Cousins for $1.3 billion · One of only three Tier One universities in Texas planned · Recently completed a multimillion-dollar · 665 full-time and 197 part-time instructional faculty M.D.