±11,160 sf building on 0.4471 acres 2221 · 2020-04-07 · houston has a superior reputation...

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FOR MORE INFORMATION, CONTACT: Elizabeth Clampitt Senior Vice President +1 713 888 4075 [email protected] Barrett Von Blon Associate +1 713 425 1861 [email protected] Simmi Jaggi Managing Director +1 713 888 4098 [email protected] S. VOSS ROAD @ DEL MONTE DRIVE 2221 ±11,160 SF BUILDING ON 0.4471 ACRES FOR SALE, LEASE OR GROUND LEASE

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Page 1: ±11,160 SF BUILDING ON 0.4471 ACRES 2221 · 2020-04-07 · Houston has a superior reputation worldwide for being a business-friendly destination for corporations and their employees

FOR MORE INFORMATION, CONTACT:

Elizabeth ClampittSenior Vice President+1 713 888 [email protected]

Barrett Von BlonAssociate+1 713 425 [email protected]

Simmi JaggiManaging Director+1 713 888 [email protected]

S . V O S S R O A D @ D E L M O N T E D R I V E2221

±11,160 S F B U I L D I N G O N 0.4471 AC R E S

F O R S A L E , L E A S E O R G R O U N D L E A S E

Page 2: ±11,160 SF BUILDING ON 0.4471 ACRES 2221 · 2020-04-07 · Houston has a superior reputation worldwide for being a business-friendly destination for corporations and their employees

INVESTMENT HIGHLIGHTS

BUSINESS SUMMARY 1 MILE 3 MILE 5 MILE

Total Businesses 1,904 19,478 41,058

Total Employees 14,502 186,186 428,820

Employee/Residential Population Ratio (per 100 Residents)

45 87 82

TRAFFIC COUNTS VEHICLES PER DAY

S. Voss Rd at Del Monte Dr 38,000

S. Voss Rd at San Felipe St 29,250

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE

Population 32,359 215,000 523,805

Households 16,005 94,692 216,546

Families 6,873 47,238 119,236

Median Age 34.9 34.9 35.0

Avg. Household Income $107,093 $104,139 $108,277

THE OFFERING — A PREMIER OPPORTUNITYJLL is pleased to present 2221 S. Voss Road to the market. Available for sale, lease or ground lease, the entire tract totals approximately 0.4471 acres with a +/- 11,160 SF building. The available property offers frontage, access and incredible visibility along both S. Voss Road and Del Monte Drive. The surrounding area is densely populated with some of the highest incomes in the city, single family homes, Class A apartments, retail and restaurants including Killen’s STQ, The Del, The Palm Houston and many others . There are no restrictions on the property.

DESIRABLE CORNERSituated at the southeast corner of S. Voss and Del Monte, the available property is located among Houston’s most prominent neighborhoods: Memorial and Tanglewood - home to some of the highest net worth individuals in the city. Defined by its unique blend of prestigious business and residential addresses, with the best in shopping, hotels, dining and entertainment nearby, the available property would be an ideal investment.

San Felipe StSan Felipe St

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ECONOMIC STABILITY — SOLID DRIVERSLocated within the Houston-Galveston-Brazoria Consolidated Metropolitan Statistical Service Area (CMSA), the Property resides in the fifth largest metropolitan area in the United States. The city is 9,444 square miles and has a population of approximately 6 million people.

Del Monte DriveDel Monte Drive±11,160 S F

2221 S Voss

38,0

00 V

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VPD

annually over the next 5 years

Population expected to grow by almost 2%

Page 3: ±11,160 SF BUILDING ON 0.4471 ACRES 2221 · 2020-04-07 · Houston has a superior reputation worldwide for being a business-friendly destination for corporations and their employees

LOCATION MAP

DRIVE TIMES

Galleria: 2.5 Miles, 10 Minutes

Texas Med Center: 9 Miles, 20 Minutes

Downtown: 13 Miles, 25-30 Minutes

Energy Corridor: 11 Miles, 15 Minutes

69 610

M E M O R I A L

U P T O W N /G A L L E R I A

T A N G L E W O O D

D O W N T O W N

SURVEY

G A L L E R I A

T E X A S M E D C E N T E R

E N E R G Y C O R R I D O R

Page 4: ±11,160 SF BUILDING ON 0.4471 ACRES 2221 · 2020-04-07 · Houston has a superior reputation worldwide for being a business-friendly destination for corporations and their employees

77063Avg Home Price

$465,526

Woodway Drive

Woodway Drive

BriarwestApartments

EstablishmentApartments

VosswoodNursing Center

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Drive

Westheimer RoadWestheimer Road

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31,330 VPD31,330 VPD

±11,160 S F

2221 S Voss

77024Avg Home Price

$1,829,866

San Felipe Street

San Felipe Street

Page 5: ±11,160 SF BUILDING ON 0.4471 ACRES 2221 · 2020-04-07 · Houston has a superior reputation worldwide for being a business-friendly destination for corporations and their employees

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Drive

SAN FELIPE PLAZA

T.H. RogersSchool

Courtyard of Three Fountains

77057Avg Home Price

$570,373

Be

ring

Drive

Be

ring

Drive

The Augusta

Apartments

37,930 VPD37,930 VPD

TanglewoodPlaza

BriargroveElementary

School

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Tanglewood MiddleSchool

MandarinImmersion

MagnetSchool

77056Avg Home Price

$1,206,005

San Felipe StreetSan Felipe Street

St. JamesCondominiums

GradyPark

71,390 VPD71,390 VPD

2221 S. Voss

Office Buildings

Multi-family

Schools

Senior Living

Grocery

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PhoenicianApartments

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Plaza on San Felipe Located on the SEC of Voss and San Felipe, the Plaza on San Felipe is the epicenter of this neighborhood’s retail. Anchored by Kroger, other tenants include Starbucks, Methodist Emergency Care, Marble Slab and Choo Choo Sushi. Plaza on San Felipe is located just 900 feet to the north of 2221 S. Voss Road.

AROUND THE AREA

The Kinkaid School The Kincaid School is a premier private K-12th grade college preparatory school that stresses academic accomplishment alongside social development, athletic participation, enjoyment of the arts and ethical behavior. It is the oldest independent coeducational school in Greater Houston and one of the top-rated private schools in Texas. Tuition ranges from $24,000 to $29,355 annually and 99% of its students go on to attend a 4 year college. The Kinkaid School is 1 mile away from 2221 S Voss Road.

One of the finest grocery-anchored shopping centers in Houston. Anchored by Whole Foods, tenants include Soul Cycle, Pure Barre, Bluemercury, Chico’s and Lily Rain as well as restaurants such as Carrabbas and Buffalo Grille.

Woodway Collection is located just half a mile from 2221 S. Voss.

Trader Joe’s is also located at the same inter-section.

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Less than 1 mile from 2221 S. Voss Road lies the Woodway Campus of Second Baptist, a mega church with a membership of over 63,000 parishioners. Established in 1957, this primary location at 6400 Woodway Drive boasts the largest all-pipe Rogers organ ever built. Described as “a town within a city,” in addition to worship facilities the church has fitness centers, bookstores, information desks, a café and a K-12 school that services higher end residents.

Founded in 1946, Second Baptist School was established with the purpose of providing a place of biblical instruction and learning where students could grow academically, spiritually, physically and socially. The mission of Second Baptist School is to train students in areas of knowledge that will allow them to understand clearly, to think deeply, to judge wisely, and to have the courage to live their lives on the great principles and convictions of biblical truth.

Second Baptist Church & School

Page 7: ±11,160 SF BUILDING ON 0.4471 ACRES 2221 · 2020-04-07 · Houston has a superior reputation worldwide for being a business-friendly destination for corporations and their employees

Among the most affluent neighborhoods in HoustonLocated just outside the western border of the Inner Loop, Tanglewood is an upscale neighborhood with more than 1,200 homes near Uptown/Galleria and the Memorial Park area.

Aside from its strategic location, Tanglewood boasts numerous biking and walking trails as well as wide sidewalks lined with tall oak trees. Zoned to some of the best schools in Houston, Tanglewood is also among the best Houston neighborhoods for land appreciation.

Many of the older properties in Tanglewood are old ranch-style homes with huge front lawns. However, the entry of new developers in the neighborhood paved way to the construction of numerous single-family homes and luxury multi-family developments. Some homes in Tanglewood follow the architectural principles of designs such as English style brick and stone, Georgian mansions, Mediterranean villas with clay roofs, and French chateaus.

Memorial Villages encompass some of Houston’s most expensive neighborhoods with a Media home price of nearly $2M (and estates $10M+). Homes in the area have larger lots, on average, than other luxury neighborhoods in Houston (River Oaks, Tanglewood, West U). Memorial VIllages area is zoned to some of the top ranked Public Schools in the United States.

The Galleria and Downtown Houston, two of the city’s main business districts, are just a few minutes away from the heart of Tanglewood and Memorial Villages. Residents who work in these areas can maintain a healthy work-life balance because of their proximity to Houston’s financial hubs.

TANGLEWOOD/MEMORIAL VILLAGES

HOME PRICES

$975,000 to $4,000,000

Median Price: $1.75 million

The Tanglewood area has seen high values and appreciation over the past few years, with a 15% price increase per square foot. The value of Tanglewood properties has increased by 43% over the past decade.

Page 8: ±11,160 SF BUILDING ON 0.4471 ACRES 2221 · 2020-04-07 · Houston has a superior reputation worldwide for being a business-friendly destination for corporations and their employees

HOUSTON OVERVIEWThe Houston Metropolitan Statistical Area (MSA) encompasses 10 counties and 9,444 square miles, boasting an economy that produces more goods and services than all but 21 nations worldwide. Houston is the fourth most populous city in the nation, trailing only New York, Los Angeles and Chicago, and is the largest in the southern U.S. and Texas. Houston is also the fastest growing metro area in the nation (adding more than 1.2 million residents from 2000 through 2010) with the nation’s second youngest median age among large metropolitan areas in the United States. Historically the heart of the global energy business, Houston’s title of “Energy Capital of the World” has been firmly secured by the continued growth and expansion throughout this critical industry.

Houston is home to the Texas Medical Center (located 5 miles southeast of the Site) that has an annual economic impact of $20 billion and employs approximately 106,000 employees. Texas Medical Center also is an academic center of the Southwest with more than 360,000 students enrolled in local universities, colleges and institutions. Additionally, Houston is home to 413 chemical plants employing over 33,100 people, more than 300 electronics manufacturing plants employing over 27,500, more than 250 software development companies employing 50,000+ and 67,000+ engineers and architects employed at more than 1,900 firms. Houston is also home to the 1,650-acre NASA Johnson Space Center (25 miles southeast of Highland Village) that has an annual economic impact of $4.5 billion and employs approximately 14,000 engineers, scientists and administrative personnel. Additionally, Houston is the birthplace of nanotechnology and the Texas leader in plastic and resins with 47 plants located within the MSA and more than 235 manufacturing establishments for plastic and rubber products.

Houston offers its residents and businesses high quality-of-life attributes including a low cost structure, no state income tax, abundant tax incentives, ample cultural and recreational resources, quality public education, good weather and easy access to public services. Additionally, according to a recent Occupational and Employment survey, Houston workers are paid more than the national and the state averages.

Statistics released by the U.S. Bureau of Labor Statistics (BLS) show that the average wage paid to Houston workers is 5% higher than the national average and 10.2% higher than the Texas average.

Highly regarded as a business-friendly destination for Corporate America, the city of Houston ranks second nationwide (trailing only New York City) with 26 Fortune 500 companies headquartered here. As a result, Houston has received numerous national accolades including recent recognition by Site Selection Magazine as the number one metro area in the nation for corporate location, relocation and expansion. This is the third time in four years the Houston metro area has taken the top spot, logging 325 new and expanded facilities to garner the honor. This ranked Houston ahead of second-place Chicago, which had 311 projects, and third place Dallas/Fort Worth with 224 projects. The combination of these attributes makes Houston a highly desirable location for businesses.

Houston has received numerous national accolades including recent recognition by Site Selection Magazine as the number one metro area in the nation for corporate location, relocation and expansion

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Houston’s Cost Advantages

Houston has a superior reputation worldwide for being a business-friendly destination for corporations and their employees. The lack of state and city taxes on personal and corporate income and some of the lowest housing and living costs within the top 20 major U.S. metro areas are among the many motivations for businesses to reside in Houston. Additionally, the city’s central location and excellent transportation infrastructure further enhance Houston’s appeal to local, national and international companies with an interest in logistical efficiency.

Local office rents also remain among the most competitive of major U.S. cities. Houston is the nation’s sixth-largest office market, and more than one-half of the world’s largest non-U.S. based corporations have major non-retail operations here. Houston also has a strong international presence as over 3,500 firms and organizations report business dealings in over 200 countries worldwide. Houston ranks second in the nation in terms of available convention/special event space, with more than 2.5 million square feet of convention facilities.

Houston: An International and Cosmopolitan City

Houston is an international, entrepreneurial, diverse, cosmopolitan city in which 92 countries have consular offices (the third highest in the nation), and more than 90 languages are spoken throughout the Houston area. Houston has a Theater District second only to New York City with its concentration of seats in one geographic area. Located downtown, the 17-block Theater District is home to eight performing arts organizations with more than 12,000 seats. In addition, Houston has a unique Museum District offering a range of museums, galleries, art and cultural institutions. Houston has more than 500 cultural, visual and performing arts organizations, 90 of which are devoted to multicultural and minority arts and is one of five U.S. cities that offer year-round resident companies in all major performing arts.

Houston: A High End Shopping Destination

Houston is home to a number of thriving high end luxury retail centers all of which contribute to its’ well-deserved reputation as a top tier shopping destination. Luxury retail is thriving and is expected to continue with a number of labels having recently made their Texas debuts in Houston over the past few years. The strength of the energy industry in Houston coupled with the remarkable population growth should attract additional luxury retailers. While many big-box chains are downsizing nationally, the number of luxury retailers here have been increasing. The geographic heart of Houston luxury retail is Uptown District and the western portion of the Inner Loop area, which includes the Highland Village Shopping Center, the Galleria, Uptown Park, BLVD Place, River Oaks Shopping Center, Upper Kirby District, Rice Village and West Ave.

Houston’s Young, Well-Educated, Expanding Population

In addition to its exceptional population growth, the Houston metro area also boasts a young and well-educated population. According to the Census Bureau’s American Community Survey, Houston has the second-youngest median age among large metropolitan areas in the United States. Houston is the fourth-largest city in the United States with a population of 2.3 million people, while the Houston MSA is now the fifth-most populous metro area with 6.4 million residents. During the last decade, Houston was the fastest growing metro area in the United States, adding more than 1.2 million residents. According to a study by the Kinder Institute for Urban Research, this growth represents more people in the past decade than the population growth in the New York and Chicago metropolitan areas combined. Houston has capitalized on its proximity to Latin America, its emergence as a major destination for immigrants from around the world, the area’s pro-business policies and low cost of living.

Texas Medical Center

The healthcare industry continues to be another significant economic driver in Houston, adding 9,600 local jobs on average within the past 5 years, representing a growth rate of 6.5%. The epicenter of Houston’s healthcare presence is the internationally recognized Texas Medical Center (TMC).TMC is the largest medical center in the world and has more than 7.1 million patients annually, of which approximately 16,000 are international patients. TMC is situated on 1,300 acres just outside downtown Houston and is comprised of 280 buildings—including 21 academic institutions and 14 hospitals—totaling 45.5 million gross square feet of patient care, education and research space. Together TMC’s 51 member institutions employ more than 92,500 people, making it Houston’s second-largest employer outside of the CBD. Texas Medical Center has a regional annual economic impact of $14 billion. $7.1 billion was approved for building and infrastructure improvements that were initiated in 2008.

Page 10: ±11,160 SF BUILDING ON 0.4471 ACRES 2221 · 2020-04-07 · Houston has a superior reputation worldwide for being a business-friendly destination for corporations and their employees

The material herein is intended as a guide only, no liability for negligence or otherwise is assumed for the material contained herein by Jones Lang LaSalle, its principal or its servants or its agents. No material contained herein shall form the basis of or be part of any agreement and no warranty is given or implied as to the accuracy of the whole or any part of the material. Prospective purchasers/tenants should not rely on the material but should make their own inquiries and satisfy themselves of all aspects of the material. Any liability by Jones Lang LaSalle, its principal, its servants or its agents in any way connected with the brochure, whether or not such liability results from or involves negligence, will not exceed $1000.00.

2221 S . V O S S R O A D @ D E L M O N T E D R I V E

±11,160 S F B U I L D I N G O N 0.4471 AC R E S

FOR MORE INFORMATION, CONTACT:

Elizabeth ClampittSenior Vice President+1 713 888 [email protected]

Barrett Von BlonAssociate+1 713 425 [email protected]

Simmi JaggiManaging Director+1 713 888 [email protected]