offering memorandum (l) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue...

27
123 PARLAND PLACE, SAN ANTONIO, TX 78209 DONNA CRABTREE D. 210.219.3045 [email protected] PARLAND PLACE 123 PARLAND PLACE, SAN ANTONIO, TX 78209 OFFICE BUILDING FOR SALE SOPHUS PROPERTIES // 210.850.2833 // 11230 WEST AVENUE #2206, SAN ANTONIO, TX 78213 // HTTPS://WWW.SOPHUSPROPERTIES.COM/

Upload: others

Post on 03-Aug-2020

3 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

1 2 3 P A R L A N D P L A C E , S A N A N T O N I O , T X 7 8 2 0 9

D O N N A C R A B T R E ED . 2 1 0 . 2 1 9 . 3 0 4 5

d o n n a @ s o p h u s p r o p e r t i e s . c o m

PA R L A N D P L A C E123 PARLAND PLACE, SAN ANTONIO, TX 78209

OFFICE BUILDING FOR SALE

S O P H U S P R O P E R T I E S // 2 1 0 . 8 5 0 . 2 8 3 3 // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : // W W W. S O P H U S P R O P E RT I ES .CO M /

Page 2: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

/ T A B L E O F C O N T E N T S

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

PROPERTY INFORMATION 3

LOCATION INFORMATION 8

FINANCIAL ANALYSIS 12

SALE COMPARABLES 15

RENT COMPARABLES 19

DEMOGRAPHICS 23

ADVISOR BIOS 26

Confidentiality & Disclaimer ContentsAll materials and information received or derived from Sophus Properties its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of theproperty, compliance or lack of compliance with applicable governmental requirements,developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.

Neither Sophus Properties its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the anymaterials or information provided, derived, or received. Materials and information from anysource, whether written or verbal, that may be furnished for review are not a substitute fora party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. Sophus Properties will not investigate or verify any such mattersor conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verifyall information and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documentsand reports and consulting appropriate independent professionals. Sophus Propertiesmakes no warranties and/or representations regarding the veracity, completeness, orrelevance of any financial data or assumptions. Sophus Properties does not serve as afinancial advisor to any party regarding any proposed transaction. All data and assumptionsregarding financial performance, including that used for financial modeling purposes, maydiffer from actual data or performance. Any estimates of market rents and/or projectedrents that may be provided to a party do not necessarily mean that rents can be establishedat or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues inorder to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questionsshould be discussed by the party with a title officer or attorney. Questions regarding thecondition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects,contractors, other consultants and governmental agencies. All properties and services aremarketed by Sophus Properties in compliance with all applicable fair housing and equalopportunity laws.

O F F I C E B U I L D I N G F O R S A L E

Table of Contents

Page 3: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

SECTION 1

P R O P E R T Y I N F O R M A T I O N

Page 4: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

P R O P E R T Y I N F O R M A T I O N / E X E C U T I V E S U M M A R Y P A G E 4

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

OFFERING SUMMARY

Sale Price: $399,000

Lot Size: 0.22 Acres

Year Built: 1920

Building Size: 4,112

Zoning: MF-33, NCD-6

Price / SF: $97.03

This property consists of 2 separate buildings. The main building is a Victorian style home that is 3468 SF. There is also a garageapartment on the property that is approximately 648 SF. Property would be perfect for a law office, accounting firm, student housing orconverted back into a single family home. Foundation has been stabilized.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• MF-33 and NCD-6 Zoned

• Amazing location

• Property sits on the edge of Mahncke Park

• Within one mile from The Pearl, San Antonio Zoo, Breckenridge Park, and many other popular attractions

• Five Miles to Downtown San Antonio

• Walking distance to the Witte Museum

• Walking distance to University of Incarnate Word

• Walking distance to San Antonio Botanical Gardens

O F F I C E B U I L D I N G F O R S A L E

PROPERTY INFORMATION | Executive Summary

Page 5: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

P R O P E R T Y I N F O R M A T I O N / P R O P E R T Y D E S C R I P T I O N P A G E 5

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

This property consists of 2 separate buildings. The main building is a Victorian style home that is 3468 SF. There is alsoa garage apartment on the property that is approximately 648 SF. Property would be perfect for a law office,accounting firm, student housing or converted back into a single family home. Foundation has been stabilized.

PROPERTY OVERVIEW

Located on Mahncke Park, just off Broadway. Within 1 mile of the Pearl, San Antonio Botanical Gardens, the Children'sMuseum, Breckenridge Park, San Antonio Zoo and many other great attractions. Excellent location for Multifamily,Senior Housing, Student Housing or Professional Office Space.

LOCATION OVERVIEW

O F F I C E B U I L D I N G F O R S A L E

PROPERTY INFORMATION | Property Description

Page 6: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

P R O P E R T Y I N F O R M A T I O N / C O M P L E T E H I G H L I G H T S P A G E 6

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

SALE HIGHLIGHTS• MF-33 and NCD-6 Zoned

• Amazing location

• Property sits on the edge of Mahncke Park

• Within one mile from The Pearl, San Antonio Zoo, Breckenridge Park, and many otherpopular attractions

• Five Miles to Downtown San Antonio

• Walking distance to the Witte Museum

• Walking distance to University of Incarnate Word

• Walking distance to San Antonio Botanical Gardens

O F F I C E B U I L D I N G F O R S A L E

PROPERTY INFORMATION | Complete Highlights

Page 7: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

O F F I C E B U I L D I N G F O R S A L E

PROPERTY INFORMATION | Additional Photos

P R O P E R T Y I N F O R M A T I O N / A D D I T I O N A L P H O T O S P A G E 7

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

Page 8: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

SECTION 2

L O C A T I O N I N F O R M A T I O N

Page 9: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

L O C A T I O N I N F O R M A T I O N / R E G I O N A L M A P P A G E 9

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

Parland Place

O F F I C E B U I L D I N G F O R S A L E

LOCATION INFORMATION | Regional Map

Page 10: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

L O C A T I O N I N F O R M A T I O N / L O C A T I O N M A P S P A G E 1 0

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

O F F I C E B U I L D I N G F O R S A L E

LOCATION INFORMATION | Location Maps

Page 11: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

L O C A T I O N I N F O R M A T I O N / A E R I A L M A P P A G E 1 1

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

Parland Place

O F F I C E B U I L D I N G F O R S A L E

LOCATION INFORMATION | Aerial Map

Page 12: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

SECTION 3

F I N A N C I A L A N A LY S I S

Page 13: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

F I N A N C I A L A N A L Y S I S / F I N A N C I A L S U M M A R Y P A G E 1 3

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

INVESTMENT OVERVIEW

Price $399,000Price per SF $97.03CAP Rate -Cash-on-Cash Return (yr 1) - %Total Return (yr 1) -Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income -Other Income -Total Scheduled Income -Vacancy Cost -Gross Income -Operating Expenses -Net Operating Income -Pre-Tax Cash Flow -

FINANCING DATA

Down Payment -Loan Amount -Debt Service -Debt Service Monthly -Principal Reduction (yr 1) -

O F F I C E B U I L D I N G F O R S A L E

FINANCIAL ANALYSIS | Financial Summary

Page 14: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

F I N A N C I A L A N A L Y S I S / I N C O M E & E X P E N S E S P A G E 1 4

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

INCOME SUMMARY PER SF

Gross Income - -

EXPENSE SUMMARY PER SF

Gross Expenses - -

Net Operating Income - -

O F F I C E B U I L D I N G F O R S A L E

FINANCIAL ANALYSIS | Income & Expenses

Page 15: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

SECTION 4

S A L E C O M P A R A B L E S

Page 16: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

S A L E C O M P A R A B L E S / S A L E C O M P S P A G E 1 6

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

O F F I C E B U I L D I N G F O R S A L E

SALE COMPARABLES | Sale Comps

Page 17: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

S A L E C O M P A R A B L E S / S A L E C O M P S S U M M A R Y P A G E 1 7

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

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

Parland Place123 Parland PlaceSan Antonio, TX 78209

$399,000 4,112 SF $97.03 - -

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

PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSETotals/Averages $ SF $NaN 0.0%

O F F I C E B U I L D I N G F O R S A L E

SALE COMPARABLES | Sale Comps Summary

Page 18: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

S A L E C O M P A R A B L E S / S A L E C O M P S M A P P A G E 1 8

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

123 Parland Place | San Antonio, TX 78209SUBJECT PROPERTY

O F F I C E B U I L D I N G F O R S A L E

SALE COMPARABLES | Sale Comps Map

Page 19: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

SECTION 5

R E N T C O M P A R A B L E S

Page 20: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

R E N T C O M P A R A B L E S / R E N T C O M P S P A G E 2 0

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

O F F I C E B U I L D I N G F O R S A L E

RENT COMPARABLES | Rent Comps

Page 21: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

R E N T C O M P A R A B L E S / R E N T C O M P S S U M M A R Y P A G E 2 1

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

SUBJECT PROPERTY PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

Parland Place123 Parland PlaceSan Antonio, TX 78209

N/A 0 SF 4,112 SF - -

RENT COMPS PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %Totals/Averages - - - - -

O F F I C E B U I L D I N G F O R S A L E

RENT COMPARABLES | Rent Comps Summary

Page 22: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

R E N T C O M P A R A B L E S / R E N T C O M P S M A P P A G E 2 2

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

123 Parland Place | San Antonio, TX 78209SUBJECT PROPERTY

O F F I C E B U I L D I N G F O R S A L E

RENT COMPARABLES | Rent Comps Map

Page 23: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

SECTION 6

D E M O G R A P H I C S

Page 24: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

D E M O G R A P H I C S / D E M O G R A P H I C S R E P O R T P A G E 2 4

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

1 MILE 3 MILES 5 MILES

Total population 7,200 93,395 300,398

Median age 32.2 35.9 34.9

Median age (male) 31.1 34.6 33.0

Median age (female) 34.8 37.6 36.9

Total households 2,854 35,989 108,656

Total persons per HH 2.5 2.6 2.8

Average HH income $86,700 $76,676 $55,560

Average house value $242,752 $216,552 $136,412

* Demographic data derived from 2010 US Census

O F F I C E B U I L D I N G F O R S A L E

DEMOGRAPHICS | Demographics Report

Page 25: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

D E M O G R A P H I C S / D E M O G R A P H I C S M A P P A G E 2 5

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

POPULATION 1 MILE 3 MILES 5 MILES

Total population 7,200 93,395 300,398

Median age 32.2 35.9 34.9

Median age (male) 31.1 34.6 33.0

Median age (Female) 34.8 37.6 36.9

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 2,854 35,989 108,656

# of persons per HH 2.5 2.6 2.8

Average HH income $86,700 $76,676 $55,560

Average house value $242,752 $216,552 $136,412

* Demographic data derived from 2010 US Census

O F F I C E B U I L D I N G F O R S A L E

DEMOGRAPHICS | Demographics Map

Page 26: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

SECTION 7

A D V I S O R B I O S

Page 27: Offering Memorandum (L) · 2018-03-27 · /table of contents sophus properties // 11230 west avenue #2206, san antonio, tx 78213 // https:sophusproperties.com property information

A D V I S O R B I O S / A D V I S O R B I O & C O N T A C T 1 P A G E 2 7

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

11230 West Avenue #2206San Antonio, TX 78213T [email protected]

EDUCATION

B.S. Finance-University of Maryland, College Park

MEMBERSHIPS & AFFILIATIONS

CCIM, SABOR, Four Rivers Association

DONNA CRABTREEBroker

O F F I C E B U I L D I N G F O R S A L E

ADVISOR BIOS | Advisor Bio & Contact 1