±55 (±45 usable) acres on i-45 - loopnet · 2018-07-17 · dosch marshall real estate...
TRANSCRIPT
Mainstreet America
TOTAL
±55 ACRES
PAD SITEPAD SITE
INVERNESS FOREST$134K- $185K
LYNWOOD ESTATES$118K - $231K
NORTH HILL ESTATES$131K - $212K
±55 (±45 USABLE) ACRES ON I-45Houston, Texas
O F F E R I N G M E M O R A N D U M
SELLER WILL SUBDIVIDE AND/OR SELL PAD SITES
www.dmreland.comContacts, Due Diligence, & Offer Requirements
Dosch Marshall Real Estate713.955.3120
777 Post Oak Blvd Houston, TX 77056
www.dmreland.com
Exclusive RepresentationDosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the dis-position of ±55 (±45 usable) acres on I-45 in Spring, TX (Property). All inquiries about the Property should be directed to DMRE.
Due Diligence InformationTo access the due diligence information please visit the Property website at: www.dmreland.com
Offer RequirementsOffers should be presented in the form of a non-bind-ing Letter of Intent, and should include:
• Pricing• Due Diligence and Closing Timeframe• Earnest Money Deposit• Description of Debt/Equity Structure• Qualifications to Close• Development Plans
Purchase terms shall require cash to be paid at clos-ing. Offers should be delivered to the attention of Tim Dosch, David Marshall, Tom Dosch, or Becky Hand via fax or email.
David [email protected]
Clark DaltonVice [email protected]
Becky HandSenior [email protected]
Dillon MillsSenior [email protected]
Tripp RichTransaction [email protected]
Kenneth [email protected]
±55 (±45 USABLE) ACRES ON I-45 IN SPRING, TX 2
www.dmreland.comProperty Information
Property Details
LOCATION I-45 North of FM 1960, Spring, TX 77373
LAT., LONG. 30.040477, -95.428114
TOTAL ACRES ±55 Acres
PARCEL ID 0441420000040, 0441420000041
LEGAL INFORMATION TR 8C ABST 687 A SCALES
FRONTAGE Approx. 421 ft on I-45
DETENTION Onsite
FLOODPLAIN Yes (See Due Diligence Items)
SCHOOL DISTRICT Spring ISD
2017 Tax Rates
24 SPRING ISD 1.46996
40 HARRIS COUNTY 0.41656
41 HARRIS CO FLOOD CNTRL 0.02829
42 PORT OF HOUSTON AUTHY 0.01334
43 HARRIS CO HOSP DIST 0.17179
44 HARRIS CO EDUC DEPT 0.00520
45 LONE STAR COLLEGE SYS 0.10780
550 HC EMERG SRV DIST 7 0.10000
666 HC EMERG SERV DIST 11 0.03987
TOTAL 2.35281
2017 Demographics
0-1 mi 0-3 mile 0-5 miles
EST. POPULATION 12,235 101,520 246,369
2017-2022 EST. POPULATION GROWTH
2.44% 2.18% 2.28%
EST. AVERAGE HOUSEHOLD INCOME
$63,879 $82,197 $85,038
EST. MEDIAN HOUSING VALUES $178,560 $156,847 $158,258
Excellent visibility from I-45• Highway access with over 400 feet of frontage on I-45• Less than 5 miles from Springwoods Village (ExxonMobil, Southwestern Energy, HP, ABS, CHI St.
Luke’s Health) • Less than 10 miles from The Woodlands Town Center which hosts the Woodlands Mall, Market
Street, and other high-end retail and entertainment • Zoned to Spring ISD
Due Diligence Items• Property Survey • Amenity and Infrastructure Plan• Environmental Survey • Geotechnical Evaluation• Engineering Survey
• Cultural Resources Assessment• Wetland Assessment • Feasibility Study• Phase 1
Mainstreet America
TOTAL
±55 ACRES
PAD SITEPAD SITE
INVERNESS FOREST$134K- $185K
LYNWOOD ESTATES$118K - $231K
NORTH HILL ESTATES$131K - $212K
±55 (±45 USABLE) ACRES ON I-45 IN SPRING, TX 3
www.dmreland.comSite Plans
±55 (±45 USABLE) ACRES ON I-45 IN SPRING, TX 4
www.dmreland.comSite Plans
±55 (±45 USABLE) ACRES ON I-45 IN SPRING, TX 5
www.dmreland.comSite Plans
±55 (±45 USABLE) ACRES ON I-45 IN SPRING, TX 6
www.dmreland.comProperty Survey
1308.65
421.66
379.591161.18
719.14
1555.09
1093.381550.99
292.26
±55 (±45 USABLE) ACRES ON I-45 IN SPRING, TX 7
www.dmreland.com
Houston Northwest Medical Center 1.5 miles / 5 minutes
• Houston Northwest Medical Center (HNMC) opened over 40 years ago and has a medical staff of approx-imately 600 members that offer a wide range of inpatient, outpatient, and diagnostic imaging services
• The Heart Center: Supported by over 40 cardioli-gists; Only hospital in Texas named by the Institute of Healthcare Improvement as a Mentor Hospital for heart attack care
• The Women’s Atrium: Offers 26 private maternity rooms; Certified Quality Breast Center of Excellence™ by the National Quality Measures for Breast Centers Program
• Center for Digestive Medicine: Treats a wide range of GI subspecialities
IAH 5 miles / 15 minutes
• Generates a $19 billion impact on the Houston econ-omy
• Supports $5 billion in total payroll and more than 200,000 full time jobs
• Named the fastest growing airport among the top ten major airports in the nation
• Improvements to the international Terminal D ten-tatively set to begin in 2017 include three additional wide-aircraft gates as well as expansion to 780,000 square feet
Springwoods Village 5 miles / 10 minutes
• $10 billion, 2,000-acre master planned mixed-use development intersected by the Grand Parkway
• Located at the intersection of I-45, the Hardy Toll Road, and the Grand Parkway
• Approximately 5,000 residential units• Approximately 8 million SF of commercial space, 1
million SF of retail, and 3 hotels• Office space expected to serve a workforce of 35,000 -
50,000 employees
North Houston District Formerly Greenspoint Business District 7 miles / 10 minutes
• 4,400 business establishments, 20 major companies, 55,000 employees
• Major employers (employees) include ExxonMo-bil, UPS (4,300), Baker Hughes (1,600), Halliburton (1,300), United Airlines (700), and Extend Health (500)
• 18 million square feet of retail, office, and industrial space
• Greenspoint Place: 36-acre campus featuring Class A office space and a 480-room Hilton; Includes six office buildings and two connecting retail centers totalling 2 million square feet; Major tenants include American Bureau of Shipping and Swift Energy
The Woodlands 10 miles / 13 minutes
• Spanning 28,000 acres; one of the most successful master-planned communities in the nation
• The Woodlands Town Center: 1,000-acre “downtown” of The Woodlands is one of the most active commer-cial building markets throughout Houston
• Contains over 6.9 million square feet of office space
• Major employers (# of employees) include Anadarko (3,173), Memorial Hermann The Wood-lands Hospital (2,404), AonHewitt (1,800), CHI St. Luke’s Health -The Woodlands Hospital (1,600), CB&I (971), Baker Hughes (480), Huntsman Com-pany (917), Chevron Phillips Chemical Company (728), and Entergy (532)
• The Woodlands Mall: 1.3 million square feet of shop-ping and dining
• Cynthia Woods Mitchell Pavilion: Outdoor amphithe-ater seats 6,500 with capacity for an additional 10,000 on the lawn; Bordered by Market Street and the Wood-lands Waterway
• The Woodlands Market Street: Over 70 high end retail shop; various restaurants; AVIA hotel; Market Street Cinemark movie theater; WiFi-enabled central park
SPRINGWOODS VILLAGE
THE WOODLANDS TOWN CENTER
HOUSTON NORTHWEST MEDICAL CENTER
Area Highlights
±55 (±45 USABLE) ACRES ON I-45 IN SPRING, TX 8
www.dmreland.com
UNDER CONSTRUCTIONNEW SF DEVELOPMENT
Mainstreet America
Cypresswood Commons
TopGolf
Spring High School
Springwoods Village (5 mi)The Woodlands (10 mi)
±55 ACRES
PAD SITES
Employment ExxonMobil Corporate Campus
• 385-acre campus completed in 2015; relocated 10,000 employees to the area
Southwestern Energy• Headquarters completed in 2014 • Approx.1,100 employees (expected to grow to 3,000)
American Bureau of Shipping (ABS)• Will be located in the 10-story, 326,800-SF CityPlace 2
mixed-use projectHP Corporate Campus
• 378,000 square feet in two buildings and approxi-mately 2,400 employees
• Began construction in early 2017; completed by third quarter 2018
• Construction on the global headquarters has begun and completion is scheduled for late 2018
CHI St. Luke’s Health • Phase I opened in January 2016: 55,000-square-
foot ambulatory medical center; 4 inpatient beds, 10 emergency room beds, four operating suites, two endoscopy suites, full diagnostic imaging capabilities and 100,000 square feet of medical office space; the hospital will have 250 beds at build out
• Initial investment for the project was $120 million; St. Luke’s has committed up to $70 million over the next five years
CityPlace• Construction began in early 2015 on the 60-acre
mixed-use urban district• Phase I: two Class A office buildings with a combined
total of 420,000 square feet of office space, three waterfront restaurants, and other ground-level retail
• Luxury residential, office buildings, retail, dining, a full-service hotel and public plaza
AmenitiesThe Market at Springwoods
• Construction started in spring 2016• Kroger-anchored 300,000-square-foot retail project• Phase I (summer 2017): Torchy’s, Chick fil a, MOD,
Zoe’s, Tarka, Cold Stone, Lovett Dental, Supercuts, Nails of America, Banfield Pet Hospital, and Big Salad
• Speedy Stop service station opened in early 2017
Spring Grove Park• Dog park and walking trails
The Springwoods Village Nature Preserve• 150-acre nature preserve
Spring Creek Greenway• 46 miles of trails plus recreation facilities and boat
launch
Springwoods Village (5 miles)
±55 (±45 USABLE) ACRES ON I-45 IN SPRING, TX 9
www.dmreland.com
10-1
0-11
Bef
ore
wor
king
with
a r
eal e
stat
e br
oker
, yo
u sh
ould
kn
ow th
at th
e du
ties
of a
brok
er
depe
nd o
n w
hom
the
bro
ker
repr
esen
ts.
If yo
u ar
e a
pros
pect
ive
selle
r or
la
ndlo
rd
(ow
ner)
or
a pr
ospe
ctiv
e bu
yer
or ten
ant (b
uyer
), y
ou
shou
ld k
now
tha
t th
e br
oker
who
list
s th
e pr
oper
ty fo
r sa
le o
r le
ase
is the
ow
ner’s
age
nt.
A b
roke
r w
ho a
cts
as a
sub
agen
t re
pres
ents
the
ow
ner
in c
oope
ratio
n w
ith th
e lis
ting
brok
er.
A br
oker
who
act
s as
a b
uyer
’s
agen
t re
pres
ents
the
buy
er.
A b
roke
r m
ay a
ct a
s an
in
term
edia
ry
betw
een
the
part
ies
if th
e pa
rtie
s co
nsen
t in
writ
ing.
A b
roke
r ca
n as
sist
you
in lo
catin
g a
prop
erty
, pre
parin
g a
cont
ract
or
leas
e, o
r ob
tain
ing
finan
cing
w
ithou
t re
pres
entin
g yo
u.
A
brok
er
is
oblig
ated
by
law
to tr
eat y
ou h
ones
tly.
IF T
HE
BR
OK
ER R
EPR
ESEN
TS T
HE
OW
NER
:Th
e br
oker
bec
omes
the
ow
ner’s
age
nt b
y en
terin
g in
to a
n ag
reem
ent
with
the
ow
ner, u
sual
ly t
hrou
gh a
w
ritte
n -
listin
g ag
reem
ent,
or b
y ag
reei
ng t
o ac
t as
a
suba
gent
by
acce
ptin
g an
offe
r of
sub
agen
cy fr
om the
lis
ting
brok
er.
A su
bage
nt m
ay w
ork
in a
diff
eren
t rea
l es
tate
offi
ce.
A li
stin
g br
oker
or
suba
gent
can
ass
ist
the
buye
r bu
t do
es n
ot
rep
rese
nt t
he b
uyer
and
m
ust pl
ace
the
inte
rest
s of
the
ow
ner
first
. Th
e bu
yer
shou
ld n
ot t
ell t
he o
wne
r’s a
gent
any
thin
g th
e bu
yer
wou
ld
not
wan
t th
e ow
ner
to
know
be
caus
e an
ow
ner’s
ag
ent
mus
t di
sclo
se
to
the
owne
r an
y m
ater
ial i
nfor
mat
ion
know
n to
the
agen
t.
IF T
HE
BR
OK
ER R
EPR
ESEN
TS T
HE
BU
YER
:Th
e br
oker
bec
omes
the
buy
er’s a
gent
by
ente
ring
into
an
agre
emen
t to
rep
rese
nt t
he b
uyer
, us
ually
th
roug
h a
writ
ten
buye
r re
pres
enta
tion
agre
emen
t. A
buye
r’s ag
ent
can
assist
th
e ow
ner
but
does
no
t re
pres
ent
the
owne
r an
d m
ust
plac
e th
e in
tere
sts
of
the
buye
r fir
st.
The
owne
r sh
ould
not
tel
l a
buye
r’s
agen
t an
ythi
ng t
he o
wne
r w
ould
not
wan
t th
e bu
yer
to k
now
bec
ause
a b
uyer
’s a
gent
mus
t di
sclo
se t
o th
e bu
yer an
y m
ater
ial i
nfor
mat
ion
know
n to
the
agen
t.
IF T
HE
BR
OK
ER A
CTS
AS
AN
IN
TER
MED
IAR
Y:A
brok
er m
ay a
ct a
s an
int
erm
edia
ry b
etw
een
the
part
ies
if th
e br
oker
com
plie
s w
ith T
he T
exas
Rea
l Es
tate
Licen
se A
ct. T
he b
roke
r m
ust o
btai
n th
e w
ritte
n co
nsen
t of
eac
h pa
rty
to t
he t
rans
actio
n to
act
as
an
Ap
pro
ved
by
the
Texa
s R
eal E
stat
e C
omm
issi
on f
or V
olu
nta
ry U
se
Texa
s la
w r
equi
res
all r
eal e
stat
e lic
ense
es t
o gi
ve t
he fol
low
ing
info
rmat
ion
abou
t br
oker
age
serv
ices
to
pros
pect
ive
buye
rs,
tena
nts,
sel
lers
and
land
lord
s.
Info
rmat
ion
Abo
ut B
roke
rage
Ser
vice
s
Rea
l est
ate
licen
see
asks
tha
t yo
u ac
know
ledg
e re
ceip
t of
thi
s in
form
atio
n ab
out
brok
erag
e se
rvic
es f
or t
he li
cens
ee’s
rec
ords
.
inte
rmed
iary
. The
writ
ten
cons
ent m
ust st
ate
who
will
pay
the
brok
er a
nd, i
n co
nspi
cuou
s bo
ld o
r un
derli
ned
prin
t, se
t fo
rth
the
brok
er’s
oblig
atio
ns
as
an
inte
rmed
iary
. Th
e br
oker
is
requ
ired
to t
reat
eac
h pa
rty
hone
stly
and
fai
rly a
nd t
o co
mpl
y w
ith T
he
Texa
s Re
al E
stat
e Li
cens
e Ac
t.
A br
oker
who
act
s as
an
inte
rmed
iary
in a
tran
sact
ion:
(1)
shal
l tre
at a
ll pa
rtie
s ho
nest
ly;
(2)
may
not
disclos
e th
at t
he o
wne
r w
ill a
ccep
t a
price
less
tha
t th
e as
king
pric
e un
less
aut
horiz
ed i
n w
ritin
g to
do
so b
y th
e ow
ner;
(3)
may
not
disclos
e th
at t
he b
uyer
will p
ay a
pr
ice g
reat
er t
han
the
price
sub
mitt
ed in
a w
ritte
n of
fer
unle
ss a
utho
rized
in w
ritin
g to
do
so b
y th
e bu
yer;
and
(4)
may
not
disc
lose
any
con
fiden
tial i
nfor
mat
ion
or
any
info
rmat
ion
that
a p
arty
spe
cifica
lly i
nstru
cts
the
brok
er i
n w
ritin
g no
t to
disc
lose
unl
ess
auth
orize
d in
w
ritin
g to
disc
lose
the
info
rmat
ion
or re
quire
d to
do
so b
y
The
Texa
s Re
al E
stat
e Lice
nse
Act
or a
cou
rt or
der
or if
th
e in
form
atio
n m
ater
ially
rel
ates
to
the
cond
ition
of t
he
prop
erty
.
With
th
e pa
rtie
s’
cons
ent,
a br
oker
ac
ting
as
an
inte
rmed
iary
bet
wee
n th
e pa
rtie
s m
ay a
ppoi
nt a
per
son
who
is
licen
sed
unde
r Th
e Te
xas
Real
Est
ate
Lice
nse
Act
and
asso
ciat
ed w
ith t
he b
roke
r to
com
mun
icat
e w
ith
and
carr
y ou
t in
stru
ctio
ns
of
one
part
y an
d an
othe
r pe
rson
who
is
licen
sed
unde
r th
at A
ct a
nd
asso
ciat
ed w
ith t
he b
roke
r to
com
mun
icat
e w
ith a
nd
carr
y ou
t ins
truc
tions
of t
he o
ther
par
ty.
If y
ou c
hoos
e to
hav
e a
brok
er r
epre
sent
you
, yo
u sh
ould
ent
er i
nto
a w
ritte
n ag
reem
ent
with
the
br
oker
tha
t clea
rly e
stab
lishe
s th
e br
oker
’s o
blig
atio
ns
and
your
obl
igat
ions
. T
he
agre
emen
t sh
ould
sta
te
how
and
by
who
m t
he b
roke
r w
ill b
e p
aid.
You
hav
e th
e rig
ht t
o ch
oose
the
typ
e of
rep
rese
ntat
ion,
if a
ny,
you
wish
to rec
eive
. You
r pa
ymen
t of a
fee
to a
bro
ker
does
no
t ne
cess
arily
es
tabl
ish
that
th
e br
oker
re
pres
ents
you
. If y
ou h
ave
any
ques
tions
reg
ardi
ng
the
dutie
s an
d re
spon
sibi
litie
s of
th
e br
oker
, yo
u sh
ould
res
olve
thos
e qu
estio
ns b
efor
e pr
ocee
ding
.
Buy
er,
Sel
ler,
Lan
dlor
d or
Ten
ant
D
ate
Texa
s Re
al E
stat
e Br
oker
s an
d Sa
lesp
erso
ns a
re li
cens
ed a
nd r
egul
ated
by
the
Texa
s Re
al E
stat
e Co
mm
issi
on (
TREC
). I
f you
hav
e a
ques
tion
or c
ompl
aint
re
gard
ing
a re
al e
stat
e lic
ense
e, y
ou s
houl
d co
ntac
t TRE
C at
P.O
. Box
121
88, A
ustin
, Tex
as 7
8711
-218
8 ,
512-
936-
3000
(ht
tp:/
/ww
w.t
rec.
texa
s.go
v)
T
REC
No.
OP-
K
±16,
701
SF S
EC D
AMIC
O S
TREE
T AN
D R
OSI
NE
STR
EET,
HO
UST
ON
, TX
10
777 POST OAK BLVDHOUSTON, TEXAS 77056
WWW.DMRELAND.COM