for sale southlake investment office building 2425-2435 ......female householder, no husband present...

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The data contained herein was obtained from sources deemed reliable, but in no way warranted by Alliance Commercial. The property is offered subject to errors, omissions, change in price and/or terms, or removed from the market without notice. Building Features 16,045 SF Complex consisting of 2 Buildings 100% Occupied Five Tenants Located in the Affluent City of Southlake, Texas Located between Dallas & Fort Worth Minutes away from DFW International Airport Southlake Blvd address with Monument Sign FOR SALE Southlake Investment Office Building 2425-2435 Southlake Blvd Southlake, Texas, 76092 Jill Bayne Mobile: 817-903-9664 Office: 817-663-9000 [email protected] Sales Price: $4,150,000 $258.65 PSF - Cap Rate: 6.13% Fully Leased with Increasing Rental Rates 2425 Southlake Blvd 2435 Southlake Blvd SITE DFW International Airport Southlake

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Page 1: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

The data contained herein was obtained from sources deemed reliable, but in no way warranted by Alliance Commercial.

The property is offered subject to errors, omissions, change in price and/or terms, or removed from the market without notice.

Building Features

16,045 SF Complex consisting of 2 Buildings

100% Occupied – Five Tenants

Located in the Affluent

City of Southlake, Texas

Located between Dallas & Fort Worth

Minutes away from DFW International Airport

Southlake Blvd address with Monument Sign

FOR SALE

Southlake Investment Office Building

2425-2435 Southlake Blvd Southlake, Texas, 76092

Jill Bayne Mobile: 817-903-9664 Office: 817-663-9000 [email protected]

Sales Price: $4,150,000 $258.65 PSF - Cap Rate: 6.13%

Fully Leased with Increasing Rental Rates

2425 Southlake Blvd 2435 Southlake Blvd

SITE DFW International

Airport

Southlake

Page 2: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

The data contained herein was obtained from sources deemed reliable, but in no way warranted by Alliance Commercial.

The property is offered subject to errors, omissions, change in price and/or terms, or removed from the market without notice.

Jill Bayne Mobile: 817-903-9664 Office: 817-663-9000 [email protected]

EXTERIOR PICTURES

FOR SALE

Southlake Investment Office Building 2425-2435 Southlake Blvd. Southlake, Texas, 76092

Page 3: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

The data contained herein was obtained from sources deemed reliable, but in no way warranted by Alliance Commercial.

The property is offered subject to errors, omissions, change in price and/or terms, or removed from the market without notice.

Jill Bayne Mobile: 817-903-9664 Office: 817-663-9000 [email protected]

2435 E. Southlake Blvd. 2425 E. Southlake Blvd.

Southlake, Texas 76092 Southlake, Texas 76092

~ 8,005 Sqft – Building ~ 8,040 Sqft – Building

Total of ~16,045 Sqft

Professional

Office Space

2425

East Southlake

Blvd.

Building

2435

East Southlake

Blvd.

Building

SITE PLAN

FOR SALE

Southlake Investment Office Building 2425-2435 Southlake Blvd. Southlake, Texas, 76092

Page 4: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

The data contained herein was obtained from sources deemed reliable, but in no way warranted by Alliance Commercial.

The property is offered subject to errors, omissions, change in price and/or terms, or removed from the market without notice.

Jill Bayne Mobile: 817-903-9664 Office: 817-663-9000 [email protected]

Georgetown Park I – 2425-2435 E. Southlake Blvd., Southlake, Texas 76092 is an upscale office

property conveniently located on Southlake Blvd./Hwy 1709 between S. Kimball Avenue and S.

Nolan Drive in the heart of Southlake. This building has a prominent Southlake Boulevard address

with Monument Signage available for Tenants with excellent visibility and frontage. Exterior

building signage opportunities available! The property is professionally managed and maintained.

The suites are move in ready and have flexible floorplans with a beautiful high end finish out, perfect

for many types of professional businesses. The property exterior is constructed in a sophisticated

classic brick architecture and immaculate park-like landscaping. This area boasts excellent

demographics with close proximity DFW International Airport, high-end shopping centers,

restaurants, county clubs, and high-net worth residents.

SITE

AREA MAP

FOR SALE

Southlake Investment Office Building 2425-2435 Southlake Blvd. Southlake, Texas, 76092

Page 5: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

Southlake Demographic Profile

Southlake, Texas - Census Report & Demographic Profile - November 3, 2011 - Page 2 of 5

Table DP-1. Profile of General Demographic Characteristics: 2010

Geographic area: Southlake city, Texas

[For information on confidentiality protection, nonsampling error, and definitions, see text]

Subject Number Percent

Total population 26,575 100.0 SEX AND AGE

Male 13,313 50.1

Female 13,262 49.9

Under 5 1,383 5.2

5 to 9 years 2,511 9.4

10 to 14 years 3,186 12.0

15 to 19 years 2,670 10.0

20 to 24 years 625 2.4

25 to 34 years 963 3.6

35 to 44 years 4,029 15.2

45 to 54 years 6,352 23.9

55 to 59 years 1,941 7.3

60 to 64 years 1,355 5.1

65 to 74 years 1,023 3.9

75 to 84 years 375 1.4

85 years and over 162 0.6

Median age (years) 40.9 (X)

18 years and over 17,475 65.8

21 years and over 8,187 30.8

62 years and over 1,162 4.4

65 years and over 781 2.9

RACE One race 26,011 97.9

White 23,454 88.3

Black or African American 548 2.1

American Indian and Alaska Native 92 0.3

Asian 1,655 6.2

Asian Indian 588 2.2

Chinese 318 1.2

Filipino 101 0.4

Japanese 41 0.2

Korean 169 0.6

Vietnamese 130 0.5

Other Asian 1 308 1.2

Native Hawaiian and Other Pacific Islander

9 0.0

Native Hawaiian 6 0.0

Guamanian or Chamorro 1 0.0

Samoan 2 0.0

Other Pacific Islander 2 0 0.0

Some other race 253 1.0

Two or more races 564 2.1

Race alone or in combination with one or more other races:4 White 23,981 90.2

Black or African American 654 2.5

American Indian and Alaska Native 221 0.8

Asian 1,957 7.4

Native Hawaiian and Other Pacific Islander

19 0.1

Some other race 323 1.3

HISPANIC OR LATINO AND RACE Total population 26,575 100.0 Hispanic or Latino (of any race) 1,458 5.5

Mexican 894 3.4

Puerto Rican 100 0.4

Cuban 60 0.2

Other Hispanic or Latino 404 1.5

Not Hispanic or Latino 25,117 94.5

White alone 22,324 84.0

RELATIONSHIP Total population 26,575 100.0 In households 26,575 100.0

Householder 8,193 30.8

Spouse 6,962 26.2

Child 10,454 39.3

Own child under 18 years 8,877 33.4

Other relatives 653 2.5

Under 18 years 182 0.7

Nonrelatives 313 1.2

Unmarried partner 133 0.5

In group quarters 0 0.0

Institutionalized population 0 0.0

Noninstitutionalized population 11 0.1

HOUSEHOLD BY TYPE Total households 8,193 100.0 Family households (families) 7,467 91.1

With own children under 18 years 4,478 54.7

Husband-wife family 6,962 85.0

With own children under 18 years 4,137 50.5

Female householder, no husband present

320 3.9

With own children under 18 years 222 2.7

Nonfamily households 726 8.9

Householder living alone 614 7.5

Householder 65 years and over 223 2.8

Households with individuals under 18 years

4,600 56.1

Households with individuals 65 years and over

1,134 13.8

Average household size 3.25 (X)

Average family size 3.42 (X)

HOUSING OCCUPANCY Total housing units 8,494 100.0 Occupied housing units 8,193 96.5

Vacant housing units 301 3.5

For seasonal, recreational, or occasional use

26 0.3

Homeowner vacancy rate (%) 2.3 (X)

Rental vacancy rate (%) 6.6 (X)

HOUSING TENURE Occupied housing units 8,193 100.0 Owner-occupied housing units 7,690 93.9

Renter-occupied housing units 503 46.1

Average household size of owner-occupied units

3.28 (X)

Average household size of renter-occupied units

2.65 (X)

- Represents zero or rounds to zero. (X) Not applicable

1 Other Asian alone, or two or more Asian categories.

2 Other Pacific Islander alone, or two or more Native Hawaiian and Other Pacific Islander categories.

4 In combination with one or more of the other races listed. The six numbers may add to more than the total population and the six percentages may add to more than 100 percent because individuals may report more than one race.

Source: U.S. Census Bureau, Census 2010. U.S. Census Bureau

Page 6: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

Southlake Demographic Profile

Southlake, Texas - Census Report & Demographic Profile - November 3, 2011 - Page 3 of 5

Table DP-02. Profile of Selected Social Characteristics: 2008-2010 American Community Survey 3-Year Estimates Geographic area: Southlake city, Texas [Data based on a sample. For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text]

SCHOOL ENROLLMENT

Population 3 years and over Enrolled in school 9,554 100.0 Nursery school, preschool 797 8.3

Kindergarten 479 5.0

Elementary school (grades 1-8 4,574 47.9

High school (grades 9-12) 2,519 26.4

College or graduate school 1,185 12.4

EDUCATIONAL ATTAINMENT Population 25 years and over 15,883 100.0 Less than 9th grade 0 0.0

9th to 12th grade, no diploma 133 0.8

High school graduate (includes equivalency)

1,629 10.3

Some college, no degree 2,362 14.9

Associate degree 936 5.9

Bachelor’s degree 7,165 45.1

Graduate or professional degree 3,658 23.0

Percent high school graduate or higher

(X) 99.2

Percent bachelor’s degree or higher (X) 68.1

MARITAL STATUS Males 15 years and over 9,792 100.0 Never married 2,218 22.7

Now married, except separated 7,009 71.6

Separated 136 1.4

Widowed 28 .3

Divorced 401 4.1

Females 15 years and over 9,383 100.0

Never married 1,583 16.9

Now married, except separated 6,937 73.9

Separated 20 0.2

Widowed 441 4.7

Divorced 402 4.3

GRANDPARENTS AS CAREGIVERS Number of grandparents living with own grandchildren under 18 years

N N

Responsible for grandchildren N N

VETERAN STATUS Civilian population 18 years and over

17,377 100.0

Civilian veterans 1,303 7.5

DISABILITY STATUS OF THE CIVILIAN NONINSTITUTIONALIZED POPULATION

Total Civilian Noninstitutionalized Population

26,111 100.0

With a disability 1,468 5.6

Under 18 years 8,734 100.0

With a disability 123 1.4

18 to 64 years 15,976 100.0

With a disability 828 5.2

65 years and over 1,401 100.0

With a disability 517 36.9

RESIDENCE 1 YEAR AGO Population 1 year and over 25,965 100.0 Same house 23,932 92.2

Different house in the U.S. 1,778 6.8

Same county 846 3.3

Different county 932 3.6

Same state 258 1.0

Different state 674 2.6

Abroad 255 1.0

PLACE OF BIRTH

Total population 26,111 100.0 Native 23,797 91.1

Born in United States 23,479 89.9

State of residence 11,281 43.2

Different state 12,198 46.7

Born outside United States 318 1.2

Foreign born 2,314 8.9

Entered 2000 or later 761 32.9

Naturalized U.S. citizen 1,356 58.6

Not a U.S. citizen 958 41.4

WORLD REGION OF BIRTH OF FOREIGN BORN Total, excluding born at sea N N Europe N N

Asia N N

Africa N N

Oceania N N

Latin America N N

Northern America N N

LANGUAGE SPOKEN AT HOME Population 5 years and over N N English N N

Language other than English N N

Speak English less than very well N N

Spanish N N

Speak English less than very well N N

Other Indo-European languages N N

Speak English less than very well N N

Asian and Pacific Island languages N N

Speak English less than very well N N

ANCESTRY Total population 26,111 100.0 American 1,889 7.2

Arab 387 1.5

Czech 189 0.7

Danish 191 0.7

Dutch 160 0.6

English 4,483 17.2

French (except Basque) 847 3.2

French Canadian 116 0.4

German 4,989 19.1

Greek 142 0.5

Hungarian 70 0.3

Irish 4,767 18.3

Italian 1,772 6.8

Lithuanian 0 0.0

Norwegian 173 0.7

Polish 540 2.1

Portuguese 0 0.0

Russian 278 1.1

Scotch-Irish 519 2.0

Scottish 800 3.1

Slovak 51 0.2

Subsaharan African 24 0.1

Swedish 489 1.9

Swiss 121 0.5

Ukrainian 107 0.4

Welsh 251 1.0

West Indian (excluding Hispanic origin groups)

9 0.0

-An ‘(X)’ means that the estimate is not applicable or not available.

-An ‘N’ entry indicates the data for this geographic area cannot be displayed because the number of sample cases is too small.

Source: U.S. Bureau of the Census, Census 2008-2010 American Community Survey U.S. Census Bureau

Page 7: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

Southlake Demographic Profile

Southlake, Texas - Census Report & Demographic Profile - November 3, 2011 - Page 4 of 5

Table DP-03. Profile of Selected Economic Characteristics: 2008-2010 American Community Survey 3-Year Estimates Geographic area: Southlake city, Texas [Data based on a sample. For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text]

EMPLOYMENT STATUS Population 16 years and over 18,492 100.0 In labor force 12,462 67.4

Civilian labor force 12,462 67.4

Employed 11,719 63.4

Unemployed 743 4.0

Armed Forces 0 0.0

Not in labor force 6,030 32.6

Females 16 years and over 9,020 100.0

In labor force 4,828 53.5

Civilian labor force 4,828 53.5

Employed 4,526 50.2

Own children under 6 years 1,889 100.0

All parents in family in labor force 953 50.4

COMMUTING TO WORK Workers 16 years and over 11,282 100.0 Car, truck, or van - - drove alone 9,123 80.9

Car, truck, or van - - carpooled 452 4.0

Public transportation (excluding taxicab)

16 0.1

Walked 123 1.1

Other means 192 1.7

Worked at home 1,376 12.2

Mean travel time to work (minutes) 28.9 (X)

OCCUPATION Civilian employed population 16 years and over

11,719 100.0

Management, business, science, and arts occupations

7,149 61.0

Service occupations 702 6.0

Sales and office occupations 2,823 24.1

Natural resources, construction, and maintenance occupations

521 4.4

Production, transportation, and material moving occupations

524 4.5

INDUSTRY Agriculture, forestry, fishing and hunting, and mining

58 0.5

Construction 648 5.5

Manufacturing 1,407 12.0

Wholesale trade 715 6.1

Retail trade 1,366 11.7

Transportation and warehousing, and utilities

884 7.5

Information 531 4.5

Finance and insurance, real estate and rental and leasing

1,365 11.6

Professional, scientific and management, administrative and waste management services

1,814 15.5

Educational services, and health care and social assistance

1,668 14.2

Arts, entertainment, and recreation, and accommodation and food services

692 5.9

Other services, except public administration

421 3.6

Public administration 150 1.3

CLASS OF WORKER Private wage and salary workers 10,084 86.0

Government workers 800 6.8

Self-employed workers in own not incorporated business

785 6.7

Unpaid family workers 50 0.4

INCOME AND BENEFITS

(IN 2010 INFLATION-ADJUSTED DOLLARS) Households 7,821 100.0 Less than $10,000 136 1.7

$10,000 to $14,999 180 2.3

$15,000 to $24,999 131 1.7

$25,000 to $34,999 65 0.8

$35,000 to $49,999 215 2.7

$50,000 to $74,999 501 6.4

$75,000 to $99,999 453 5.8

$100,000 to $149,999 1,412 18.1

$150,000 to $199,999 1,340 17.1

$200,000 or more 3,388 43.3

Median household income (dollars) 178,364 (X)

Mean household income (dollars) 216,393 (X)

With earnings 7,140 91.3

Mean earnings (dollars) 207,205 (X)

With Social Security 1,000 12.8

Mean Social Security income (dollars)

16,943 (X)

With Supplemental Security Income 57 0.7

Mean Supplemental Security Income (dollars)

5,725 (X)

With cash public assistance income 56 0.7

Mean cash public assistance income (dollars)

N (X)

With retirement income 1,030 13.2

Mean retirement income (dollars) 36,696 (X)

Families 7,087 100.0 Less than $10,000 96 1.4

$10,000 to $14,999 125 1.8

$15,000 to $24,999 48 0.7

$25,000 to $34,999 20 0.3

$35,000 to $49,999 106 1.5

$50,000 to $74,999 334 4.7

$75,000 to $99,999 446 6.3

$100,000 to $149,999 1,331 18.8

$150,000 to $199,999 1,339 18.9

$200,000 or more 3,242 45.7

Median family income (dollars) 187,207 (X)

Mean family income (dollars) 227,195 (X)

Per capita income (dollars) 65,330 (X)

Median earnings (dollars): Male full-time, year-round workers 141,817 (X)

Female full-time, year-round workers

62,585 (X)

POVERTY STATUS IN PAST 12 MONTHS Families (X) 3.1 With related children under 18 years (X) 2.5

With related children under 5 years (X) 0.0

Families with female householder, no husband present

(X) 51.1

With related children under 18 years (X) 40.4

With related children under 5 yrs (X) -

All people (X) 3.3 18 years and over (X) 3.5

65 years and over (X) 4.6

Related children under 18 years (X) 2.9

Related children 5 to 17 years (X) 3.1

Unrelated individuals 15 years and over

(X) 18.8

-Represents zero or rounds to zero. (X) Not applicable.

-An ‘N’ entry indicates the data for this geographic area cannot be displayed because the number of sample cases is too small.

Source: U.S. Bureau of the Census, Census 2008-2010 American Community Survey U.S. Census Bureau

Page 8: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

Southlake Demographic Profile

Southlake, Texas - Census Report & Demographic Profile - November 3, 2011 - Page 5 of 5

Table DP-4. Profile of Selected Economic Characteristics: 2008-2010 American Community Survey 3-Year Estimates Geographic area: Southlake city, Texas [Data based on a sample. For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text]

Total housing units 8,199 100.0 UNITS IN STRUCTURE

1-unit, detached N N

1-unit, attached N N

2 units N N

3 or 4 units N N

5 to 9 units N N

10 to 19 units N N

20 or more units N N

Mobile home N N

Boat, RV, van, etc N N

YEAR STRUCTURE BUILT 2005 or later 654 8.0

2000 to 2004 1,100 13.4

1990 to 1999 4,135 50.4

1980 to 1989 1,570 19.1

1970 to 1979 365 4.5

1960 to 1969 258 3.1

1950 to 1959 55 0.7

1940 to 1949 23 0.3

1939 or earlier 39 0.5

ROOMS 1 room 0 0.0

2 rooms 25 0.3

3 rooms 0 0.0

4 rooms 170 2.1

5 rooms 337 4.1

6 rooms 420 5.1

7 rooms 549 6.7

8 rooms 1,268 15.5

9 or more rooms 5,430 66.2

Median rooms 9.0+ (X)

Occupied housing units 7,821 100.0 YEAR HOUSEHOLDER MOVED INTO UNIT

2005 or later 2,721 34.8

2000 to 2004 2,169 27.7

1990 to 1999 2,182 27.9

1980 to 1989 570 7.3

1970 to 1979 141 1.8

1969 or earlier 38 0.5

VEHICLES AVAILABLE None 55 0.7

1 733 9.4

2 3,763 48.1

3 or more 3,270 41.8

HOUSE HEATING FUEL Utility gas N N

Bottled, tank, or LP gas N N

Electricity N N

Fuel oil, kerosene, etc N N

Coal or coke N N

Wood N N

Solar energy N N

Other fuel N N

No fuel used N N

SELECTED CHARACTERISTICS Lacking complete plumbing facilities 109 1.4

Lacking complete kitchen facilities 17 0.2

No telephone service N N

OCCUPANTS PER ROOM

Occupied housing units N N 1.00 or less N N

1.01 to 1.50 N N

1.51 or more N N

VALUE Less than $50,000 40 0.5

$50,000 to $99,999 210 2.8

$100,000 to $149,999 161 2.1

$150,000 to $199,999 174 2.3

$200,000 to $299,999 811 10.8

$300,000 to $499,999 2,396 31.9

$500,000 to $999,999 3,119 41.5

$1,000,000 or more 604 8.0

Median (dollars) 497,900 (X)

MORTGAGE STATUS AND SELECTED MONTHLY OWNER COSTS

With a mortgage N N

Less than $300 N N

$300 to $499 N N

$500 to $699 N N

$700 to $999 N N

$1,000 to $1,499 N N

$1,500 to $1,999 N N

$2,000 or more N N

Median (dollars) 3,468 (X)

Without a mortgage N N

Median (dollars) 1,000+ (X)

SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME

Less than 20.0 percent 2,351 38.9

20.0 to 24.9 percent 1,308 21.6

25.0 to 29.9 percent 657 10.9

30.0 to 34.9 percent 344 5.7

35.0 percent or more 1,386 22.9

Not computed 30 (X)

Specified renter-occupied units N N GROSS RENT

Less than $200 N N

$200 to $299 N N

$300 to $499 N N

$500 to $749 N N

$750 to $999 N N

$1,000 to $1,499 N N

$1,500 or more N N

Median (dollars) 1,902 (X)

GROSS RENT AS A PERCENTAGE OF HOUSEHOLD INCOME

Less than 15.0 percent N N

15.0 to 19.9 percent N N

20.0 to 24.9 percent N N

25.0 to 29.9 percent N N

30.0 to 34.9 percent N N

35.0 percent or more N N

Not computed N N

+ Following a median estimate means the median falls in the upper interval of an open-ended distrubution.

-Represents zero or rounds to zero. (X) Not applicable.

-An ‘N’ entry indicates the data for this geographic area cannot be displayed because the number of sample cases is too small.

Source: U.S. Bureau of the Census, Census 2008-2010 American Community Survey U.S. Census Bureau

Page 9: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

The Southlake area was settled by pioneers from Missouri in the 1840s, but was not incorporated as Southlake until 1956, four

years after Grapevine Lake was finished. Before incorporation, the settlements of Whites Chapel, Dove, Union Church and

Jellico made up present day Southlake. The area remained rural until the completion of the DFW International Airport in the

1970s. Due to the close proximity to the airport, Southlake became a boom-burb throughout the 1980s, 1990s and 2000s. As of

2012, Southlake's population is almost at full capacity, with around 27,000 residents. The expected build-out population is

projected around 34,000 residents.

Seventeen thousand acres were purchased to build the airport at a cost of $68 million. The airport would ultimately cover more

than 29.8 square miles. DFW International Airport is one of the largest airports in the country with flights traveling throughout

the world.

Southlake is well known for its Southlake Town Square, a shopping center located on State Highway 114 and Southlake

Boulevard. Town Square, built to look like a turn-of-the-century downtown was completed in the summer of 2006, making it one

of the most popular shopping centers in the Metroplex. The Town Square boasts numerous amenities ranging from government

offices (including courthouse and post office), shops, restaurants, Movie Theater, and an upscale hotel.

Southlake was noted by Forbes as the most affluent neighborhood in the United States based on average median household

income estimates. The mean household income for the city of Southlake is $216,393.

The data contained herein was obtained from sources deemed reliable, but in no way warranted by Alliance Commercial. The property is offered subject to errors, omissions, change in price and/or terms, or removed from the market without notice.

Jill Bayne Mobile: 817-903-9664 Office: 817-663-9000 [email protected]

HISTORY OF SOUTHLAKE

FOR SALE

Southlake Investment Office Building 2425-2435 Southlake Blvd. Southlake, Texas, 76092

Page 10: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

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

Page 11: FOR SALE Southlake Investment Office Building 2425-2435 ......Female householder, no husband present 320 3.9 With own children under 18 years 222 2.7 Nonfamily households 726 8.9 Householder

CONFIDENTIALITY AGREEMENT

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Alliance Commercial Real Estate Group, Inc. and should not be made available to any other person or entity without the written consent of Alliance Commercial Real Estate Group, Inc. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Alliance Commercial Real Estate Group, Inc. has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Alliance Commercial Real Estate Group, Inc. has not verified, and will not verify, any of the information contained herein, nor has Alliance Commercial Real Estate Group, Inc. conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

I (WE), the undersigned Buyer(s), my successors, assigns and nominees (“BUYER”), hereby acknowledge receipt of confidential information about “2425-2435 Southlake Blvd, Southlake, Tarrant County, Texas 76092, the Property (“PROPERTY”). I have sought out the information solely to evaluate the property for purposes of purchasing same. I understand that the confidential information I have received includes, but is not limited to, any financial and/or operational information about the above PROPERTY and the fact that the PROPERTY is for sale.

In consideration of having been provided the above information, I hereby agree:

(1) not to reproduce or divulge any such information to others, except to secure their advice and counsel, in which case I agree to obtain their consent to maintain such confidentiality; and

(2) to conduct all further inquires about the above property through Alliance Commercial Real Estate

Group, Inc. which I acknowledge to be the agency first providing such information to me.

(3) I WILL NOT ATTEMPT TO CONTACT THE OWNERS, THEIR AGENTS, EMPLOYEES, TENANTS, CUSTOMERS, CREDITORS OR LANDLORD.

(4) ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR

ALLIANCE COMMERCIAL REAL ESTATE GROUP, INC. AGENT FOR MORE DETAILS.

I hereby agree to hold in strictest confidence all information provided regarding the listed property and to be liable for any damages incurred as a result of any violation to this Agreement. The terms of this Agreement shall remain in full force and effect for a period of one year from the date hereof and shall operate in the event that the BUYER acquires the property or assets in any form, including, but not limited to the BUYER; purchasing the property from the Seller or his successors; or Leases the premises form the Seller’s landlord. I hereby acknowledge this Agreement and agree to all terms and conditions set fourth above. Purchaser: Broker: By: _______________________________ By: __________________________________ Name: ____________________________ Name: _______________________________ Company: _________________________ Company: ____________________________ Address: __________________________ Address: _____________________________ __________________________________ _____________________________________ Phone: ____________________________ Phone: _______________________________