MULTI-USE DEVELOPMENT POTENTIAL

Transcription

1 FOR SALE ±1,039 Acres near Angleton, TX ±914 ACRES ±125 ACRES MULTI-USE DEVELOPMENT POTENTIAL For further information, please contact our exclusive agent: Doug Nicholson, SIOR, CRE Executive Managing Director Post Oak Blvd 2 BLVD Place, Suite 250 Houston, TX

2 Property Highlights ±1,039 acres in two parcels Largest contiguous land parcel is ±914 acres with road frontage on FM 521 and Hwy 288 Flat topography Notable Developments in Area The Texas Medical Center in Houston is the largest medical complex in the world. It houses 21 highly esteemed hospitals and employs over 106,000 people. It has recently undergone a $7.1 billion expansion that has created over 30,000 jobs. Pearland is the second fastest growing city in Texas with an abundance of newly developed retail and dining options. Nestled within its boundaries, Shadow Creek Ranch thrives as a 3,500 acre lake themed master-planned community. Brazoria County s taxable value is projected to increase by $21 billion in the next 10 years in thanks to a number of current and planned investments by large energy companies like the Dow Chemical Company, Phillips 66, and Chevron Phillips Chemical Company LP. A 10.3 mile stretch of Hwy 288 is expanding to include new toll lanes and improve functionality. Sienna Plantation is a 10,000 acre master-planned community located in Missouri City with world-class amenities and acclaimed schools. Meridiana is a developing 2,700 acre luxury master-planned community with a distinct focus on discovery and education. The Dow Chemical Company s Freeport location is the largest integrated chemical manufacturing complex in the Western Hemisphere. Over 7,000 employees serve at the Freeport Location to produce 44% of Dow s US products. A $4 billion expansion is in progress that will create hundreds of positions and thousands of construction jobs. In the next 7 years, Freeport is projected to have over $12 billion new capital investment projects. Distance/Drive Times Houston Pearland Angleton Lake Jackson Freeport 43 miles/ 40 minutes 34 miles/ 37 minutes 4 miles/ 8 minutes 15 miles/ 17 minutes 22 miles/ 26 minutes The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

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4 For more information: Doug Nicholson, SIOR, CRE Executive Managing Director

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6 SALE/LEASE AMERICANS WITH DISABILITIES ACT, HAZARDOUS MATERIALS AND TAX DISCLOSURE The Americans With Disabilities Act is intended to make many business establishments equally accessible to persons with a variety of disabilities; modifications to real property may be required. State and local laws also may mandate changes. The real estate brokers in this transaction are not qualified to advise you as to what, if any, changes may be required now, or in the future. Owners and tenants should consult the attorneys and qualified design professionals of their choice for information regarding these matters. Real estate brokers cannot determine which attorneys or design professionals have the appropriate expertise in this area. Various construction materials may contain items that have been or may be in the future be determined to be hazardous (toxic) or undesirable and may need to be specifically treated/handled or removed. For example, some transformers and other electrical components contain PCB's, and asbestos has been used in components such as fire-proofing, heating and cooling systems, air duct insulation, spray-on and tile acoustical materials, linoleum, floor tiles, roofing, dry wall and plaster. Due to prior or current uses of the Property or in the area, the Property may have hazardous or undesirable metals (including lead-based paint), minerals, chemicals, hydrocarbons, or biological or radioactive items (including electric and magnetic fields) in soils, water, building components, above or below-ground containers or elsewhere in areas that mayor may not be accessible or noticeable. Such items may leak or otherwise be released. Real estate brokers have no expertise in the detection or correction of hazardous or undesirable items. Expert inspections are necessary. Current or future laws may require clean up by past, present and/or future owners and/or operators. It is the responsibility of the Seller/lessor and Buyer/Tenant to retain qualified experts to detect and correct such matters and to consult with legal counsel of their choice to determine what provisions, if any, they may wish to include in transaction documents regarding the Property. Sale, lease and other transactions can have local, state and federal tax consequences for the seller/lessor and/or buyer/tenant. In the event of a sale, Internal Revenue Code Section 1445 requires that all buyers of an interest in any real property located in the United States must withhold and pay over to the Internal Revenue Service (IRS) an amount equal to ten percent (10%) of the gross sales price within ten (10) days of the date of the sale unless the buyer can adequately establish that the seller was not a foreigner, generally by having the seller sign a Non-Foreign Seller Certificate. Note that depending upon the structure of the transaction, the tax withholding liability could exceed the net cash proceeds to be paid to the seller at closing. Consult your tax and legal advisor. Real estate brokers are not qualified to give legal or tax advice or to determine whether any other person is properly qualified to provide legal or tax advice. SELLER Entity Name By: Title: Date: BUYER Entity Name: By: Title: Date: 1700 Post Oak Boulevard Suite BLVD Place Houston, Texas , fax