toepperwein family practice & wellness center...all materials and information received or...

KW COMMERCIAL

1102 E. Sonterra Blvd, Suite 106

San Antonio, TX 78258LUKE LEGRANDAgent0 210.482.3200C [email protected]

Toepperwein Family Practice & Wellness Center

OFFERING MEMORANDUM

PRESENTED BY:

LIVE OAK, TX

OFFERING MEMORANDUM

www.kwcommercial.com 2

KW COMMERCIAL

1102 E. Sonterra Blvd, Suite 106

San Antonio, TX 78258

Confidentiality & Disclaimer

LUKE LEGRANDAgent0 210.482.3200C [email protected]

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for aparty unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by San Antonio Legacy Group in compliance with allapplicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation 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 ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

LIVE OAK, TX

http://www.kwcommercial.com


PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DETAILS

COMPLETE HIGHLIGHTS

ADDITIONAL PHOTOS

ADDITIONAL PHOTOS

ADDITIONAL PHOTOS

ADDITIONAL PHOTOS

1PROPERTY INFORMATIONTOEPPERWEIN FAMILY PRACTICE & WELLNESS CENTER

OFFERING MEMORANDUM


Executive Summary

TOEPPERWEIN FAMILY PRACTICE & WELLNESS CENTER 1 | PROPERTY INFORMATION

PROPERTY OVERVIEWThis beautifully finished and well maintained 6993 square foot turn keymedical office building is located in Live Oak, TX approximately 1.2 milesfrom IH-35 and 1.0 miles from NE Methodist Hospital . This property isideal for an owner user or tenant looking to be near the hospital system.First floor is 6155 square feet with a +/- 500 SF storage and file roomupstairs. This property consists of 14 exam rooms, a lead lined x ray room,lab room, conference room, staff work space, break room / kitchen, fourrestrooms, and executive offices. Digital signage at entry included alongwith security system in place. This property was built in 2010 and featuresa stucco exterior, metal roof, and covered entry. There are 45 total parkingspaces including two covered spaces for Doctors and staff.

PROPERTY HIGHLIGHTS

14 Patient Rooms with High End FinishesDigital Signage facing Toepperwein RdFire Sprinklers InstalledGreat Location with easy access to I-35 & 1604

SALE PRICE: $1,950,000

LOT SIZE: 1.11 Acres

BUILDING SIZE: 6,993 SF

BUILDING CLASS: B

YEAR BUILT: 2010

ZONING: B2

MARKET: NE San Antonio

PARKING RATIO: 6.42:1000

CROSS STREETS: Toepperwein & IH-35

TRAFFIC COUNT: 20,000



Property Details



PROPERTY NAME:Toepperwein Family Practice & WellnessCenter

STREET ADDRESS: 11355 Toepperwein Rd

CITY, STATE, ZIP: Live Oak, TX 78233

PROPERTY TYPE: Office

APN: 1138107

LOT SIZE: 1.11 AC

BUILDING CLASS: B

ZONING: B2

PARKING SPACES: 45

PARKING RATIO: 6.42

CROSS STREETS: Toepperwein & IH-35

YEAR BUILT: 2010

CONSTRUCTIONTYPE:

Wood Frame

NUMBER OFSTORIES:

1.5

FOUNDATION: Engineered Concrete Slab

WALLS: Sheetrock

ROOF: Metal


Complete Highlights


PROPERTY HIGHLIGHTS

• Close to Northeast Methodist Hospital

• 14 Patient Rooms with High End Finishes

• Digital Signage facing Toepperwein Rd

• Turn Key Property

• Fire Sprinklers Installed

• Within close proximity to The Forum Shopping Center

• Metal Roof

• Close to countless dining and quick service restaurants

• Property is available for sale or lease

• 463,089 average household income within 5 miles

• 212,311 population within 5 miles

• $61,929 average household income within 3 miles

• 94,013 population within 3 miles




Additional Photos



LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

2LOCATION INFORMATIONTOEPPERWEIN FAMILY PRACTICE & WELLNESS CENTER

OFFERING MEMORANDUM

11355 Toepperwein Rd

Regional Map

TOEPPERWEIN FAMILY PRACTICE & WELLNESS CENTER 2 | LOCATION INFORMATION



DEMOGRAPHICS

3 | DEMOGRAPHICS

DEMOGRAPHICS MAP

AVAILABLE SPACES

FLOOR PLANS

3DEMOGRAPHICSTOEPPERWEIN FAMILY PRACTICE & WELLNESS CENTER

OFFERING MEMORANDUM


* Demographic data derived from 2010 US Census

Demographics Map

TOEPPERWEIN FAMILY PRACTICE & WELLNESS CENTER 3 | DEMOGRAPHICS

ETHNICITY 1 MILE 3 MILES 5 MILES

% HISPANIC 35.7% 39.3% 40.0%

RACE 1 MILE 3 MILES 5 MILES

% WHITE 72.0% 70.5% 70.3%

% BLACK 9.4% 14.4% 15.4%

% ASIAN 2.9% 2.8% 2.6%

% HAWAIIAN 0.1% 0.1% 0.2%

% INDIAN 0.6% 0.6% 0.6%

% OTHER 12.2% 7.7% 7.4%

POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 9,623 94,013 212,311

MEDIAN AGE 35.1 33.9 33.9

MEDIAN AGE (MALE) 34.0 32.2 32.1

MEDIAN AGE (FEMALE) 36.9 35.6 35.6

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 3,577 33,978 75,217

# OF PERSONS PER HH 2.7 2.8 2.8

AVERAGE HH INCOME $62,623 $61,929 $63,089

AVERAGE HOUSE VALUE $118,602 $120,437 $127,209


Lease Rate: $20.00 SF/YR (NNN)

Lease Type: NNN

Total Space 3000 - 6,993 SF

Lease Term: 36 to 180 months

Available Spaces



SPACE SPACEUSE

LEASE RATE LEASETYPE

SIZE (SF) TERM

Toepperwein Family Practice & Wellness Center for Lease Medical $20.00 SF/YR NNN 2500 - 6,993 SF 36-180 months


Floor Plans




SALE COMPARABLES

4 | SALE COMPARABLES

SALE COMPS

SALE COMPS SUMMARY

SALE COMPS MAP

4SALE COMPARABLESTOEPPERWEIN FAMILY PRACTICE & WELLNESS CENTER

OFFERING MEMORANDUM

Sale Comps

TOEPPERWEIN FAMILY PRACTICE & WELLNESS CENTER 4 | SALE COMPARABLES

SUBJECT PROPERTY

11355 Toepperwein Rd | Live Oak, TX 78233

$1,950,000Sale Price: 2010Year Built:

6,993 SFBuilding SF: $278.85Price PSF:

ENT CLINICS OF SAN ANTONIO6704 Randolph Blvd | Live Oak, TX 78233

$1,826,500Sale Price: Lot Size:

2010Year Built: 6,500 SFBuilding SF:

$281.00Price PSF 05/13/2013Closed:

100%Occupancy:

1

1

Class B Medical Building of 6,500 SF Sold on 5/13/2013 for $1,826,500

6700 RANDOLPH BLVD6700 Randolph Blvd - Live Oak, TX | Live Oak, TX 78233



$287.50Price PSF 8%CAP:

12/23/2011Closed: 100%Occupancy:

$207,000NOI:

2

2

9000 SF Class B Medical Office Building Completed September of 2010.

TEJAS PEDIATRICS BUILDING20642 Stone Oak Pkwy | San Antonio, TX 78258




74.9%Occupancy:

3

3

7980 SF Class B Medical Office Building



Sale Comps


GENTIVA HEALTH SERVICES13441 Blano Rd | San Antonio, TX 78216




100%Occupancy:

4

4

8200 SF Class B Medical Office Built in 1982



SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS

Toepperwein Family Practice &Wellness Center11355 Toepperwein RdLive Oak, TX 78233

$1,950,000 6,993 SF $278.85 - 1

SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

1ENT Clinics of San Antonio6704 Randolph BlvdLive Oak, TX 78233

$1,826,500 6,500 SF $281.00 - 1 05/13/2013

26700 Randolph Blvd6700 Randolph Blvd - Live Oak, TXLive Oak, TX 78233

$2,587,500 9,000 SF $287.50 8% 2 12/23/2011

3Tejas Pediatrics Building20642 Stone Oak PkwySan Antonio, TX 78258

$1,800,000 7,980 SF $225.56 - 2 12/08/2015

4Gentiva Health Services13441 Blano RdSan Antonio, TX 78216

$2,900,000 8,200 SF $353.66 - 1 06/23/2016

SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS

TOTALS/AVERAGES $2,278,500 7,920 SF $287.69 8% 1.5

Sale Comps Summary




11355 Toepperwein Rd | Live Oak, TX 78233SUBJECT PROPERTY

Sale Comps Map


1

6704 Randolph BlvdLive Oak, TX 78233

ENT CLINICS OF SAN ANTONIO

2

6700 Randolph Blvd - Live Oak, TXLive Oak, TX 78233

6700 RANDOLPH BLVD

3

20642 Stone Oak PkwySan Antonio, TX 78258

TEJAS PEDIATRICS BUILDING

4

13441 Blano RdSan Antonio, TX 78216

GENTIVA HEALTH SERVICES



RENT COMPARABLES

5 | RENT COMPARABLES

RENT COMPS

RENT COMPS SUMMARY

RENT COMPS MAP

INFORMATION ABOUT BROKERAGE SERVICES 15

5RENT COMPARABLESTOEPPERWEIN FAMILY PRACTICE & WELLNESS CENTER

OFFERING MEMORANDUM

Rent Comps

TOEPPERWEIN FAMILY PRACTICE & WELLNESS CENTER 5 | RENT COMPARABLES

SUBJECT PROPERTY


$20.00 SF/YRLease Rate: NNNLease Type:

2,500 - 6,993 SFSpace Size: 2010Year Built:

1.11 ACLot Size: 1No. Units:

ENT CLINICS OF SAN ANTONIO6704 Randolph Blvd | Live Oak, TX 78233

2013-05-13Lease Date: $21.91 USD / SF / yearLease Rate:

NNNLease Type: 6,500 SFSpace Size:

2010Year Built: 6,500 SFBldg Size:

1.45 ACLot Size: 100%Occupancy:

1

1

ENT Clinic on NNN Lease

DAVITA DIALYSIS6700 Randolph Blvd | Live Oak, TX 78233




1.37 ACLot Size: 120 monthsLease Term:

100%Occupancy:

2

2

Two Tenant MOB

SAKDC6700 Randolph Blvd | Live Oak, TX 78233




1.37 ACLot Size: 120 monthsLease Term:

100%Occupancy:

3

3

1500 SF Space leased to SAKDC



Rent Comps


SOUTH TEXAS RADIOLOGY5000 Schertz Pkwy | Schertz, TX 78154




0 ACLot Size: 120 monthsLease Term:

100%Occupancy:

4

4

Single Tenant MOB



SUBJECT PROPERTY PRICE AVAILABLE SF BLDG SF # OF UNITS

Toepperwein Family Practice & WellnessCenter11355 Toepperwein RdLive Oak, TX 78233

$20.00 SF/yr (NNN) 0 SF 6,993 SF 1

RENT COMPS PRICE AVAILABLE SF BLDG SF # OF UNITS

1ENT Clinics of San Antonio6704 Randolph BlvdLive Oak, TX 78233

$21.91 USD / SF / year 6,500 SF 6,500 SF 0

2DaVita Dialysis6700 Randolph BlvdLive Oak, TX 78233

$23.00 USD / SF / year 7,500 SF 9,000 SF 0

3SAKDC6700 Randolph BlvdLive Oak, TX 78233

$23.00 USD / SF / year 1,500 SF 9,000 SF 0

4South Texas Radiology5000 Schertz PkwySchertz, TX 78154

$23.00 USD / SF / year 5,053 SF 5,000 SF 0

PRICE AVAILABLE SF BLDG SF # OF UNITS

TOTALS/AVERAGES $22.73 5,138 SF 7,375 SF 1.5

Rent Comps Summary





SUBJECT PROPERTY

Rent Comps Map


16704 Randolph BlvdLive Oak, TX 78233

ENT CLINICS OF SAN ANTONIO 26700 Randolph BlvdLive Oak, TX 78233

DAVITA DIALYSIS 36700 Randolph BlvdLive Oak, TX 78233

SAKDC

45000 Schertz PkwySchertz, TX 78154

SOUTH TEXAS RADIOLOGY



11-2-2015

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

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

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, 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 informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any offer to or counter-offer from the client; and • Treat all parƟes to a real estate transacƟon 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 wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon 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 wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen 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 instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and ᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng 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 transacƟon 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 duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon 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 noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

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

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

TAR 2501

Keller Williams Legacy 504634 [email protected] 210-482-3200

Steven Gragg 315971 [email protected] 210-482-3200

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[email protected] LeGrand- 210-482-3200

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toepperwein family practice & wellness center...all materials and information received or...

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