The Hartford Building Dallas, Texas Property offering Stabilized office building for sale in Dallas CBD Executive summary Avison Young is pleased to exclusively offer 400 N. St. Paul Street (The Hartford), Property statistics an 82.23% leased asset located in the vibrant Central Business District in Dallas, Texas. Built in 1959 by acclaimed developer Trammel Crow for The Hartford Address 400 N Saint Paul St, Dallas, TX Fire Insurance Group of Connecticut, The Hartford is among an elite group of properties recognized by the Historic Preservation League. Parcel ID 00000105217000000 Total Land Area 0.31 acres The 182,641 square foot, 14-story office building was significantly updated in 2016 Building Size per with modern finishes. The multi-tenanted property is now home to a mixture of 182,641 Rent Roll professional firms that include attorneys, oil and gas, financial services, creative Building Size per Recent 189,316 and media companies. Amenities include a rooftop conference room, fitness BOMA Measurement center, barber shop, and five on-site restaurants. Additionally, redundant fiber is Number of Stories 14 provided by AT&T, Spectrum, Logix and Wise ISP. Year Built 1959, renovated 2016 The Hartford’s prestigious location is embellished by its excellent ingress and egress with access to several major arteries and thoroughfares. The close Zoning CA-1 | Commercial proximity to I-75, I-35, I-30 and the North Dallas Tollway affords flexibility for the resident and employee alike as does the excellent walkability to Pacific Plaza, Klyde Warren Park, the Arts District, Uptown and Main Street Garden Park. The Hartford provides easy access to the DART Light Rail Station and M-Line Trolley. The Central Business District has definitely created a work, live, play environment that has improved the quality of life in Dallas. The Hartford presents a tremendous opportunity for an investor to acquire a high-quality property in a well-known and respected submarket. The prestige of the location enhanced by the rich setting make this a solid investment for both now and the distant future. Asset profile 182,641 PER RENT ROLL 82.23% 81 Tenants OCCUPANCY AVERAGE 1,724 SF 189,316 PER BOMA Avison Young | Property offering Executive summary Investment highlights The Hartford Building (“Hartford”) offers the state-of-the-art Klyde Warren Park an investor a highly attractive office linking Downtown and Uptown along well positioned in the dynamic Dallas with AT&T Discovery District. Downtown CBD submarket. The property is 82.23% is one of the most prolific amenity rich leased offering stability in the cash flow environments in the in the heart of the merged with excellent upside in the CBD Dallas metroplex. Hartford is also lease up along with mark-to-market located within close proximity to many increases at rollover. Hartford sports a residential living units along with many low-risk tenant mix with average rents of Dallas’ most exclusive hotels. significantly below the competitive set. The excellent accessibility/walkability to Hartford is 82.23% leased with a all parts of the Central Business District diversified tenant base. The weighted and the adjacent Uptown submarket average lease term exceeds 27 months offers an amenity rich environment and the expiration schedule is well unmatched anywhere in the DFW suited for near term rental increases. market. The current Hartford rents are Tenant rollover is attractively weighted a blended average of approximately averaging slightly above 18% per year $14.55+E significantly below the for the first 3 years. The average office competitive set average of approximately tenant occupies approximately 1,750 sf $20.00+E. The delta between current with the largest occupant being 12,530 Hartford blended rates to a mark-to- sf which represents less than 7% of the market rate is 25-30%. project’s rentable area. Current Gross Revenue of $2.1mm along with the The overall CBD submarket encompasses corresponding projected Net Operating 33.4mm of office product. The strength Income of $1.28mm offers stability in of the market is helped by the 65 cash flow saddled with meaningful near restaurants within 1 mile of the property term rollover and mark-to-market upside combined with other substantial retail potential. Additionally, Ownership will support. There are in excess of 10 public benefit from in-place contractual lease parks in the immediate area including rate increases with current tenancy. Avison Young | Property offering Property overview Physical description Year built/renovated Foundation Roof 1959/2016—2019 All concrete with pilings Bitumen cap with elastomeric coat Legal description Windows Fiber BLK 244 TR1 Bryan—St Paul Federal All function open/close AT&T, Spectrum, Logix, Wise—1GB Site/land area Lighting Air conditioning/heating Cooling tower reconstructed in 2019 .31 acres LED and fluorescents Water cooled self contained units No. of buildings Exterior finish Amenities 5 dining areas, roof deck, gym, One (1) Brick and concrete tenant conference No. of floors Interior walls Utilities 14 plus basement Sheetrock Gas and electric Square footage Ceiling Zoning 182,641 sf per rent roll Majority lay in grid CA-1 | Commercial 189,316 sf per recent BOMA measurement Some deck to deck Flooring Elevators Security On-site day hours Polished concrete, carpet, vinyl Four (4) OTIS, upgrades 2008/2016 Camera and DSX control access Avison Young | Property offering Property overview Aerial The Hartford Building Avison Young | Property offering Location overview Retail and entertainment map RETAIL/SERVICES 20+ RESTAURANTS/EATERIES THE HARTFORD 65+ ENTERTAINMENT/HOTELS 15+ Avison Young | Property offering Major Downtown Dallas Effective: October 19, 2020 Boarding Locations Effective: October 19, 2020 Boarding Locations Effective: October 19, 2020 Major Downtown Dallas M-Line Trolley M-Line Trolley ROSS to CityPlace/ ROUTH ROSS Boarding Locationsto CityPlace/ ROUTH ROSS Effective: October 19, 2020 Boarding LocationsUptownto CityPlace/ Station ROUTH Effective: October 19, 2020 Uptown Station NORTH NORTH M-Line Trolley NORTH CEDAR SPRINGS MCKINNEY PEARL CEDAR SPRINGS MCKINNEY PEARL ROSS LIVE OAK MCKINNEY to CityPlace/PEARL ROSS CEDAR SPRINGS ROUTH LIVE OAK CEDAR SPRINGS MCKINNEY to CityPlace/PEARL LIVE OAK MCKINNEY OLIVEPEARL ROUTH LIVE OAK CEDAR SPRINGS OLIVE LIVE OAK UptownOLIVE Station UptownHARWOODOLIVE Station Victory Station HARWOOD Deep Victory Station HARWOOD Deep Victory Station ST. PAUL Pearl/Arts DeepNORTH VictoryVICTORY Station ST. PAUL Pearl/Arts EllumNORTH VICTORY ST. PAUL Pearl/Arts Ellum VICTORY ST. PAUL Pearl/Arts Ellum GASTON VICTORY ERVAY District Ellum GASTON VICTORY ERVAY PEARL District Ellum GASTON CEDAR SPRINGS MCKINNEYERVAY District Station GASTON CEDAR SPRINGS MCKINNEYERVAY PEARL Station LIVE OAK ERVAY StationDistrict Station LIVE OAKGASTON OLIVE Station GOOD StationLATIMER Station GOOD LATIMER FIELD Station East GOOD LATIMER FIELD HARWOOD East Deep Victory StationLAMAR FIELD East Deep Victory StationLAMAR FIELD ST. PAUL TransferEast LAMAR ST. PAUL Pearl/Arts Transfer VICTORY LAMAR Transfer Ellum VICTORY Transfer Ellum WOODALL RODGERS FWY ERVAYROSS FEDERAL TransferCenter GASTON WOODALL RODGERS FWY ERVAYROSS FEDERAL District Center GASTON WOODALL RODGERS FWY ROSS FEDERAL Center Station ROSS LIVE OAK Center CONTINENTAL Akard StationLIVE OAK GOOD LATIMER CONTINENTAL West Akard LIVEPACIFIC OAK GOOD LATIMER CONTINENTAL WestFIELD Akard St. Paul LIVEPACIFIC OAK East TransferWestFIELD Station St. Paul PACIFICELMEast LAMAR Transfer Station St. Paul ELM LAMAR TransferCenter Station StStation. Paul TransferELM West End Center Station ELMMAIN West EndWOODALLCenter RODGERS FWY ROSS FEDERALStation CenterMAIN WestStation End ROSS CenterMAIN Station LIVE OAKCOMMERCE CONTINENTAL Station West Akard LIVE OAKCOMMERCE 5 St. Paul PACIFICCOMMERCE Transfer 5 Station St. Paul CESAR CHAVEZ BLVD. Transfer 5 Station ELM CESAR CHAVEZ BLVD. 5 ELM CESAR CHAVEZ BLVD. Rosa ParksCenter Station CESAR CHAVEZ BLVD. Rosa ParksPlazaCenter JACKSONStation WestRosa End ParksPlaza JACKSON MAIN CANTON Plaza JACKSON CANTON GOOD JACKSONWOOD CANTON GOOD Station WOOD GOOD WOOD COMMERCE GOOD W. COMMERCE YOUNG HARWOOD MajorW. COMMERCE Downtown DallasYOUNG HARWOOD W. COMMERCE 5 YOUNG HARWOOD W. COMMERCE 5 YOUNG HARWOOD CESAR CHAVEZ BLVD. LATIMER W. COMMERCE YOUNG HARWOOD CESAR CHAVEZ BLVD. LATIMER ST. PAUL LATIMER Rosa Parks GRIFFIN FIELD ST. PAUL LATIMER Rosa ParksPlaza GRIFFIN FIELD MARILLA ERVAY ST. PAUL LAMAR GRIFFIN FIELDJACKSONMARILLA ST. PAUL Plaza LAMAR ERVAY GRIFFIN FIELDJACKSONMARILLA ST. PAUL CANTON LAMAR GRIFFIN FIELD ERVAY CANTON Effective: October 19, 2020 MARKET MARILLA BoardingEBJ Union LocationsLAMAR ERVAY MARKET MARILLA GOOD EBJ Union LAMAR ERVAY EBJ Union MARKET WOODAKARD GOOD MARKET AKARD EBJ Union HOUSTON WOOD MARKET AKARD EBJStation Union HOUSTON AKARD Station HOUSTON AKARD Station HOUSTON W. COMMERCE HOUSTON W. COMMERCEStation YOUNG HARWOOD LATIMER M-Line Trolley LATIMER ST. PAUL GRIFFIN FIELD ST. PAUL ROSS GRIFFIN to CityPlace/FIELD MARILLA ERVAY ConventionLAMAR Center StationMARILLA ROUTH ConventionLAMAR Center Station ERVAY EBJ Union ConventionMARKET Center Station EBJ Union ConventionMARKET Uptown Center Station StationAKARD HOUSTON AKARD Station HOUSTON NORTH PEARL CEDAR SPRINGS MCKINNEY LIVE OAK Convention Center Station Convention CenterOLIVE Station Bus Stop Legend Downtown Boarding Other Routes Serving Bus Stop Legend Downtown Boarding Other Routes Serving Bus Stop Legend DowntownHARWOOD Boarding OtherDeep Routes Serving