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Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL18050 Saturn Lane., Ste. 100Houston, TX 77058

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

TIMOTHY LARSONAgent0: 281.335.0335C: [email protected] #0695022

OFFERING SUMMARY

SALE PRICE: $700,000

NUMBER OF UNITS: 7

CAP RATE: 7.82%

NOI: $54,722

LOT SIZE: 23,827 SF

BUILDING SIZE: 7,375

RENOVATED: 2018

ZONING: COM'L BLDG

MARKET: Dickinson

PRICE / SF: $94.92

PROPERTY OVERVIEWWell-maintained Multi-Tenant Commercial Office Professional Center on a corner lot in the heart of Dickinson, TX. This propertycurrently has 7-Units and it has the ability to be 10-Individual Units if preferred. Easy access to Interstate 45 and Highway 3, thisproperty is in an outstanding location and well suited for a wide variety of professional businesses. The building itself isapproximately 7,375sf and on a 23,827sf lot. Built in 1986 and remodeled in 2018. Remodeled in 2018 with new sheetrock oninterior walls, insulation, updated electrical, roof and a few new AC Units. Owner pays Water & Trash, Taxes, and Insurance.Tenants pay Gas & Electric. Great opportunity for an Owner/User and/or Investment Property.

PROPERTY HIGHLIGHTSWell-maintained Multi-Tenant Commercial Office Professional Center on a corner lot in the heart of Dickinson, TX.

This property currently has 7-Units and it has the ability to be 10-Individual Units if preferred.

Easy access to Interstate 45 and Highway 3, outstanding location and well suited for a wide variety of businesses.

Owner: Water/Trash ($2,000/yr), Taxes (2.6502%- $12,602 in 2020), Wind/Fire/Flood Ins ($23,496/yr). Tenants: Gas & Electric.

The building itself is approximately 7,375sf and on a 23,827sf lot. Built in 1986 and remodeled in 2018.

Remodeled in 2018 with new sheetrock on interior walls, insulation, updated electrical, roof and a few new AC Units.

Several existing Tenants pay below market rents, upside upon lease renewal or Tenant replacement

Great opportunity for an Owner/User and/or Investment Property.

3707 Fatta Drive, Dickinson, TX 77539

MULTI-TENANT COMMERCIAL OFFICE PROFESSIONAL CENTER IN DICKINSON, TX

OFFICE FOR SALE

http://www.kwcommercial.com/







OFFICE FOR SALE






TENANT

NAME

UNIT

NUMBER

UNIT

SIZE (SF)

LEASE

END

ANNUAL

RENT

% OF

BUILDING

PRICE

PER SF/YR

Pink Phoenix Boutique 3709, A & B 1,400 $12,000 18.98 $8.57

Cinco Temp Service 3707 738 $9,600 10.01 $13.01

TAS Proco 3711, A&B 1,400 12/22 $17,280 18.98 $12.34

Norma's Massage 3715 650 06/22 $5,400 8.81 $8.31

Chiropractor 3719, A&B 1,729 10/2024 $25,200 23.44 $14.57

Farmers Insurance 3723 720 10/23 $12,000 9.76 $16.67

Home Co. 3727 738 09/22 $11,340 10.01 $15.37

Totals/Averages 7,375 $92,820 $12.59



OFFICE FOR SALE








OFFICE FOR SALE






POPULATION 1 MILE 3 MILES 5 MILES

Total Population 6,470 29,374 81,889

Median Age 40.6 35.9 34.8

Median Age (Male) 38.8 34.7 33.8

Median Age (Female) 40.7 36.4 35.8

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total Households 2,341 10,317 28,933

# Of Persons Per HH 2.8 2.8 2.8

Average HH Income $64,442 $73,073 $81,141

Average House Value $139,419 $167,634 $184,151

* Demographic data derived from 2010 US Census



OFFICE FOR SALE


11/2/2015Information About Brokerage Services

Texas law requires all real estate licensees to give the following information aboutbrokerage services to prospective buyers, tenants, sellers and landlords.

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 dutiesabove and must inform the owner of any material information about the property or transaction known by the agent, includinginformation 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 awritten representation agreement. A buyer's agent must perform the broker's minimum duties above and must inform the buyer of anymaterial information about the property or transaction known by the agent, including information disclosed to the agent by the seller orseller's agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the writtenagreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold orunderlined 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:

○ that the owner will accept a price less than the written asking price;○ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and○ 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 thebuyer. 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 foryou to use the broker's services. Please acknowledge receipt of this notice below and retain a copy for your records.

Licensed Broker /Broker Firm Name or License No. Email PhonePrimary Assumed Business Name

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/ License No. Email PhoneAssociate

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

Buyer/Tenant/Seller/Landlord Initials Date

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

Phone: Fax: Produced with Lone Wolf Transactions (zipForm Edition) 231 Shearson Cr. Cambridge, Ontario, Canada N1T 1J5 www.lwolf.com

Jones, Valasek & Associates, LLC 9011239 [email protected] (281)335-0335

Natasha Valasek 565383 [email protected] (281)335-0335

Natasha Valasek 565383 [email protected] (281)335-0335

Timothy Alan Larson 0695022 [email protected] (281)508-0800

KW Commercial & Keller Williams Clear Lake/NASA, 18050 Saturn Lane, Ste. 100 Houston TX 77058 2815080800 Jones, Valasek &Timothy Larson

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