OFFERING MEMORANDUM

CAPITOL PLAZA ON FITZHUGH2325 N. FITZHUGH | DALLAS, TEXAS 75204

THE OFFERING

EXECUTIVE SUMMARY DB2RE | 2

LOCATION: 2325 N. Fitzhugh AvenueDallas, Texas 75204

SALE PRICE: Market

BUILDING SIZE: 8,596 SF

OCCUPANCY: 0.00%

LOT SIZE: 0.44 AC / 18,949 SF

ZONING: CR - Commercial

YEAR BUILT: 1985

DEBT: Free & Clear

PROPERTY HIGHLIGHTS

EXECUTIVE SUMMARY DB2RE | 3

• Excellent existing asset with tremendous upside below replacement cost.

• Future vertical redevelopment opportunity with max height of 54 feet.

• Located at the hard SEC of N. Fitzhugh Ave. & Capitol Ave. on lighted four way intersection.

• Offering will be delivered vacant allowing for a clean transition and immediate repositioning.

• Surrounding retailers Include CVS Pharmacy, Bank of America, Whataburger, LA Fitness and Kroger, among others.

• Across from new CVS Pharmacy and numerous luxury multi-family and townhome developments.

• Over 2,295 apartment units built within 0.50 miles of property since 2010.

• Average household Income within a five mile radius is over 1.2x the national average and continues to improve as area gentrifies.

• Exceptional densities and demographics - 218,602 - 417,739 residents within a three and five mile radius. Average household incomes a staggering $113,908 - $103,607 within respective trade range.

• Daytime populations within a one, three and five mile radius are an impressive 19,240, 252,135 and 385,908.

• Over 24,000 vehicles daily along Capitol Ave. and N. Fitzhugh Ave.

FITZHUGH AVENUE

CAPITOL AVENUE

BENNETT AVENUE

KNOX HENDERSON

N. GARRETT AVENUE

CENTRAL EXPRESSWAY (75)

SITE PLAN - FLOOR 1

PROPERTY INFORMATION

101

102 - 103

104105

FITZHUGH AVENUE

CAPITOL AVENUE

SITE PLAN - FLOOR 2

PROPERTY INFORMATION

201 - 202

203204

FITZHUGH AVENUE

CAPITOL AVENUE

PROPERTY DETAILS

PROPERTY INFORMATION DB2RE | 6

ADDRESS: 2325 N. Fitzhugh Avenue, Dallas, Texas 75204

APN: 00-20070-B00-01A-00-00

BUILDING SIZE: 8,596 SF

LOT SIZE: 0.44 AC / 18,949 SF

OCCUPANCY: 0.00% (Delivered Vacant)

YEAR BUILT: 1985

PARKING: Approximately 25 surface spaces / 2.90 per 1,000

SIGNAGE: Tenant signage on facade

INGRESS / EGRESS: Two (2) points of ingress / egress along Fitzhugh Ave. & Capitol Ave.

ZONING: CR - Community Retail

ROOF: 2015 (Estimated)

HVAC: Roof mounted HVAC units

TRAFFIC: Fitzhugh Avenue - 14,230 vpdCapitol Avenue. - 10,000 vpd

FITZH

UGH AV

ENUE

CAPITOL AVENUE

SURVEY

PROPERTY INFORMATION

PROPOSED FACADE REDO

FITZH

UGH AV

ENUE

CAPITOL AVENUE

VUE AT FITZHUGH

B&F FLATS

FITZHUGH URBAN FLATS

BELMONT COURTCAMDEN BELMONT

STRATA APARTMENTS

SAUSALITO

BENNETT PLACE

ALEXAN HENDERSON

ROYAL COURT

CITY PLACE HEIGHTS EASTON / CAMDEN / AVANA HENDERSON

KROGER

FITZHUGH AVENUECAPITOL AVENUE

BENNETT AVENUE

KNOX HENDERSON

N. GARRETT AVENUE

CENTRAL EXPRESSWAY (75)

N. C

ARRO

LL AV

ENUE

PROPERTY INFORMATIONDEMOGRAPHICS

DB2RE | 11

1 MILE 3 MILE 5 MILE

TOTAL POPULATION: 41,259 218,602 417,739

POPULATION GROWTH RATE: 3.47% 2.72% 2.32%

TOTAL HOUSEHOLDS: 20,128 107,690 182,962

HOUSEHOLD GROWTH RATE: 3.38% 2.87% 2.37%

AVERAGE HOUSEHOLD INCOME: $85,570 $113,908 $103,607

MEDIAN AGE: 32.5 34.2 34.2

BUSINESSES: 1,673 15,207 23,764

EMPLOYEES: 19,240 252,135 385,908

% WHITE: 38.18% 49.08% 42.86%

% HISPANIC: 32.40% 24.93% 26.71%

#1 Cities for Absolute Job Growth – Bureau of Labor Statistics, 2018

#1 Real Estate Market for 2016 (Urban Land Institute)

#1 Best City to Buy a Home – Niche, 2018

#1 Best City for Jobs (Dallas) – Forbes, 2017

#1 Texas has the Best Business Climate – Development Consolers International 2014

#1 Downtown Fort Worth is No. 1 on Top 10 Best Downtowns – Livability.com, 2014

#1 Top city in the country to find tech professionals (Dallas) – Kforce, 2013

#1 Most affordable Major Metropolitan Area in the U.S. – ZipRealty, 2013

#1 Most Valuable Sports Team in the World – Forbes, 2018

#1 Metro area for most shopping centers per capita in the nation – Dallas Economic Development

#2 Best City for Job Seekers in 2015 (Fort Worth)—NerdWallet, 2015

#3 Best Sport Cities in the United States – Sports Illustrated, 2018

#3 Metro Areas with the Best Job Outlook —ManpowerGroup, 2014

#3 Travel Destination in the U.S. (Dallas) —Resonance Consultancy Ltd., 2014

#3 Fastest-Growing GDP for Top 10 Largest Metro Areas in the U.S. —Bureau of Economic Analysis, 2013

#4 Most Global Fortune 500 Companies – Forbes, 2019

#4 America’s Fastest-Growing Cities—Forbes, 2014

#4 Top Cities to Work in Tech (Dallas) – SmartAsset, 2014

#5 Fastest Growing Economies – Forbes, 2017

#5 Best Cities for Future Job Growth —Forbes, 2014

#6 Largest Gross Metropolitan Product in the U.S. —U.S. Department of Commerce’s Bureau of Economic

Analysis, 2014

DFW NATIONAL RECOGNITION

MARKET OVERVIEW

The Dallas/Fort Worth Metroplex (DFW) is a dynamic 12-county region made up of Dallas, Fort Worth, and another 150 municipalities. The DFW Metroplex is the largest urban agglomeration in Texas and the fourth largest in the United States spanning an area of 9,286 square miles with a population of approximately 7.1 million people. As the fourth fastest growing region in the United Sates, the DFW population in 2016 was 33.6% higher than in 2000 according to data from Neilson Claritas; by the year 2030, it is projected that over 10.5 million people will be living in the Metroplex according to the Dallas Regional Chamber.

The DFW region is the most economically diverse region in the state of Texas. The GDP of North Texas is estimated to be $486 Billion, and if DFW were its own state it would be the 9th largest in the Nation and 23rd largest country in the World, behind Taiwan. Twenty Fortune 500 companies have their headquarters in DFW. DFW is connected to the world by the nation’s fourth busiest airport and is served by 55 international flights. DFW has the largest workforce in the state of Texas totaling over 3.51 million people, and 34.20% of the population 25 and older have a bachelor’s degree or higher. In DFW, there are 33 colleges and universities, 157 public school districts and 96 public charter schools, according to the North Texas Commission.

Dallas/Fort Worth consistently ranks as a top market for job growth over the short and long term due to its central location, pro-business environment and strong economy. Historically a leader with respect to job growth, DFW added 717,000 jobs since 2010 and 120,500 jobs in 2016 alone, equating to a 3.50% increase to the employment base. Dallas/Fort Worth as well as Texas, continuously boast an unemployment rate lower than the National Average (4.30%). As of Today, DFW enjoys an average unemployment rate of 3.80%.

DFW MARKET OVERVIEW

MARKET OVERVIEW

Davidson & Bogel Real Estate, LLC: The information contained in this document pertaining to Capitol Plaza “Property” has

been obtained from sources believed reliable. While DB2RE does not doubt its accuracy, DB2RE has not verified the infor-

mation and makes no guarantee, warranty or representation about the information contained in this package. It is your

(Purchaser) responsibility to independently confirm the accuracy and completeness of the information. Any projections,

opinions, assumptions or estimates used herein are for example only and does not represent the current or future perfor-

mance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated

by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the

property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of

their respective owners and use of these images without the express written consent of the owner is prohibited. DB2RE

and the DB2RE logo are service marks of Davidson & Bogel Real Estate, LLC and/or its affiliated or related companies in the

United States and other countries. All other marks displayed as well as any elements of this document are the property of

their respective owners and DB2RE. No transmission of this document is permitted without written consent from DB2RE.

As a condition of DB2RE’s consent to communicate the information contained herein–as well as any information that may

be communicated to you subsequently either verbally or in writing by DB2RE, owner or agents of either of these parties

regarding the Property – it is required that you agree to treat all such information confidentially.

DISCLAIMERDISCLOSURE

DB2RE | 14

Approved by the Texas Real Estate Commission for Voluntary Use. Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES: Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A bro-ker is obligated by law to treat you honestly.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant

01A TREC No. OP-K

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to commu-nicate with and carry out instructions of one party and another person who is licensed under that Act and as-sociated with the broker to communicate with and car-ry out instructions of the other party.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a differ-ent real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an own-er’s agent must disclose to the owner any material in-formation known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Es-tate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or under-lined print, set forth the broker’s obligations as an in-termediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermedi-ary in a transaction:(1)shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; buyer: and(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer un-less authorized in writing to do so by the buyer; and

IF YOU CHOOSE TO HAVE A BROKER REPRESENT YOU:You should enter into a written agreement with the bro-ker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and re-sponsibilities of the broker, you should resolve those questions before proceeding.

Date

DISCLAIMERBROKERAGE SERVICES

DB2RE | 15

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DISCLAIMERBROKERAGE SERVICES

DB2RE | 16

CAMERON DEPTULA

2929 Carlilse Street, Suite 250

Dallas, TX 75204

(214) 497 - 0276

cdeptula@db2re.com

WWW.DB2RE.COM

CAPITOL PLAZA ON FITZHUGH2325 N. FITZHUGH AVENUE

DALLAS, TEXAS 75204

FAYE BAHHUR

3824 Cedar Springs Road, Suite 186

Dallas, TX 75219

(469) 563 - 4732

fbahhur@gmail.com