FOR SALE3009 Glacier Pass LaneCedar Park, TX 78613

5407 Parkcrest Drive, Suite 100Austin, TX 78731

OFFERING SUMMARY

INVESTMENT OVERVIEW

INVESTMENT HIGHLIGHTS

LOCATION

LIST PRICE: $2,030,000

CAP RATE: 6.5%

APPROX. TOTAL SQUARE FEET: 5,333 SF

OCCUPANCY: 100%

PRICE PER SQUARE FOOT: $381

AVERAGE ANNUAL RENT PSF: $25.89

LEASE TYPE: NNN

RENT ESCALATION: 3% ANNUALLY

RENEWAL OPTION: ONE (1) FIVE (5)

YEAR OPTION

LEASE TERM: THROUGH MAY 31, 2021

3009 Glacier Pass Lane Page 2

100% Leased to Chronos Solutions through May, 2021 Using best in class technology, wide partner networks and deep industry experience, Chronos delivers solutions for mortgage lenders, federal agencies, GSEs, mortgage servicers, real estate portfolio investors of all sizes nationwide. The company’s comprehensive array of o�erings includes advisory and consulting; title and settlement services; valuation; acquisitions; Home Owners Asso-ciation solutions; REO management and disposition; auction services and accelerated marketing and �eld services.

Cedar Park is part of the Austin-Round Rock MSA (population 2 million*), the 4th largest region in the state of Texas. Cedar Park is located in western Williamson County (population estimate 508,514*), the fastest growing county in the Austin-Round Rock MSA. Cedar Park is the third largest city in the Austin metropolitan area, known for its outstanding schools, pro-business climate and relaxed family environment. Named one of Family Circle’s Top 10 Places to Raise a Family, Cedar Park o�ers all the bene�ts of life in the beautiful Texas Hill Country, with desirable neighborhoods, an entrepreneurial business environment and an e�ective, conservatively managed city govern-ment.

SOURCE: CITY OF CEDAR PARK EDC

Map Data: Google

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INVESTMENT OVERVIEW

PHOTOS, MAP, & AERIAL VIEW

3009 Glacier Pass Lane

3009 Glacier Pass Lane

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PROPERTY SURVEY

3009 Glacier Pass Lane

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ADDITIONAL INFORMATION

Centric Commercial has been engaged by the owner of the property to market it for sale. Information concerning the

property described herein has been obtained from sources other than Centric Commercial and we make no represen-

tations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all referenc-

es to age, square footage, income, expenses and any other property specific information are approximate. Any opin-

ions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be

based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own

independent investigation and rely on those results. The information contained herein is subject to change.

PROPERTY SPECIFICATIONS

CONTACT INFORMATION

■ YEAR BUILT: 2011

■ BUILDING SIZE: 5,333 SF (per WCAD)

■ PARKING RATIO: 5/1000

■ FULLY LEASED THROUGH MAY, 31, 2021

ROB WENDTe: wendt@centric-re.com512-809-2357

KENT MCCOYe: mccoy@centric-re.com512-320-9190

3009 Glacier Pass Lane

AUSTIN ECONOMIC OVERVIEW

EMPLOYMENT GROWTH PROJECTIONS

POPULATION GROWTH PROJECTIONS

Ranked by Job Growth from 2014 to 2019

Ranked by Population Growth from 2014 to 2019

Numeric Change

Numeric Change

Rank MSA 2014-2019 Annualized % Change

Rank MSA 2014-2019 Annualized % Change

1 Austin-Cedar Park-Round Rock TX 136,490 27,298 15.1%

1 Orlando FL 332,320 66,464 14.2%

2 Orlando FL 147,910 29,582 13.2%

2 Austin-Cedar Park-Round Rock TX 252,220 50,444 12.9%

3 Dallas-Fort Worth-Arlington TX 426,480 85,296 13.1%

3 Las Vegas-Paradise NV 264,360 52,872 12.7%

4 Phoenix-Mesa-Scottsdale AZ 239,760 47,952 12.7%

4 Phoenix-Mesa-Scottsdale AZ 554,720 110,944 12.3%

5 San Antonio TX 117,110 23,422 12.5%

5 Charlotte-Gastonia NC-SC 219,770 43,954 11.5%

6 Charlotte-Gastonia NC-SC 113,070 22,614 12.5%

6 Dallas-Fort Worth-Arlington TX 737,400 147,480 10.6%

7 Houston-Baytown TX 343,350 68,670 11.7%

7 Atlanta-Sandy Springs GA 524,000 104,800 9.3%

8 Atlanta-Sandy Springs GA 286,390 57,278 11.5%

8 San Antonio TX 215,590 43,118 9.2%

9 Las Vegas-Paradise NV 100,400 20,080 11.4%

9 Houston-Baytown TX 561,900 112,380 8.6%

10 Tampa-St. Petersburg-Clearwater, FL 126,020 25,204 10.5%

10 Denver-Aurora-Lakewood, CO 226,590 45,318 8.2%

11 Miami-Fort Lauderdale-West Palm Beach, FL 104,610 20,922 9.5%

11 Seattle-Bellevue WA 206,020 41,204 7.2%

12 Portland-Vancouver OR-WA 100,780 20,156 9.3%

12 Miami-Fort Lauderdale-West Palm Beach, FL 184,280 36,856 7.0%

13 Sacramento–Roseville–Arden-Arcade, CA 82,660 16,532 9.3%

13 Riverside-San Bernardino CA 283,120 56,624 6.3%

14 San Jose-Sunnyvale-Santa Clara, CA 91,170 18,234 9.0%

14 Tampa-St. Petersburg-Clearwater, FL 183,570 36,714 6.3%

15 San Francisco–Oakland–Hayward, CA 100,200 20,040 8.9%

15 San Diego-Carlsbad CA 191,510 38,302 5.8%

Source: Reis, 1st Quarter 2015; the survey includes the 35 largest MSAs in the United States.

AUSTIN HIGHLIGHTS

T O P

A M E R I C A N

B O O M T O W N #1TO P - R A N K E D C I T Y

F OR P RO J E C T E D A N NUA L J OB

G ROWT H #1HOTTEST CITY FOR JOBS & CULTURE #1

REAL ESTATE

MARKETIN THE U.S.

#2

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11-2-2015

TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker’s own interests; Inform the client of any material information about the property or transaction received by the broker; Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: Must treat all parties to the transaction impartially and fairly; May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose:

ᴑ that the owner will accept a price less than the written asking price;ᴑ that the buyer/tenant will pay a price greater than the price submitted in a written offer; andᴑ any confidential information or any other information that a party specifically instructs the broker in writing not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Information About Brokerage Services Texas law requires all real estate license holders to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

.

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov IABS 1-0

Date Buyer/Tenant/Seller/Landlord Initials

Sales Agent/Associate’s Name License No. Email Phone