WALSH OFFICE COMPLEX OFFERING MEMORANDUM BROADWAY ST, PEARLAND, TX PRESENTED BY:

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1 BROADWAY ST, PEARLAND, TX WALSH OFFICE COMPLEX OFFERING MEMORANDUM PRESENTED BY: VAUGHAN FORD Senior Vice President dir MARSHALL CLINKSCALES Director dir COLLIERS INTERNATIONAL 1233 West Loop South Suite 900 Houston, Texas COLLIERS INTERNATIONAL

2 PROPERTY OVERVIEW Property Name Property Address Square Footage NRA Land Walsh Office Complex E Broadway Street Pearland, TX , SF 1.5 Acres Sales Price $1,600, Terms All cash - no debt to assume Occupancy 85% Address Gross Area Add-On Factor NRA Occupancy 2004 E Broadway 4, , rsf % 2006 E Broadway 4, , rsf % 2010 E Broadway 4, , rsf 100% Total 13, , rsf 85% Avg Land Acres Square Feet Improved Tract acs 42,000 sf Western Vacant Tract acs 11,250 sf Eastern Vacant Tract acs 12,361 sf Total Land acs 65, sf E Broadway Street East Lot West Lot 2 COLLIERS INTERNATIONAL

3 FINANCIAL OVERVIEW Income & Expense* Gross Income (Per Rent Roll 10/04/2017)) $219, Additional Income Cam Adjustment $8, Adjusted Gross Income $227, Operating Expenses Maintenance $10, Landscape $8, Insurance $22, Janitorial $13, Utilities $20, Property Taxes $28, $103, Net Operating Income $124, * Estimated Based on information provided to Colliers containing necessary assumptions. In no way do these calculations guarantee investment results. 3 COLLIERS INTERNATIONAL

4 PEARLAND OVERVIEW Colliers International is pleased to offer for sale Walsh Office Complex located on the east side of Pearland, fronting FM 518, also known as Broadway. Pearland is one of the fastest growing cities in the Houston metropolitan area according to Pearland EDC. Walsh Office Complex is located in the Pearland and Friendswood trade area. Traffic counts are approximately 29,109 vehicles per day on E Broadway Street according to TXDot. There are 66,698 people within three miles and 184,769 residents within 5 miles according to SitesUSA. Pearland has affordable housing, outstanding schools, safe neighborhoods and superb quality of life has led to tremendous growth in Pearland. With millions of square feet of retail, office and residential construction completed in the past 10 years, Pearland is on its way to becoming the next major employment center in the Houston region. Pearland's close proximity to Houston, just a short 20 minute drive to downtown, allows you to experience all the city has to offer including professional sports, world-class cultural amenities and recreation. (Pearlandtx.gov) In 1990 the population of Pearland was 18,697, and the city had expanded into Harris County. From 2000 to 2010, Pearland s population grew by 142%, making it the 15th fastest growing city in the U.S. from 2000 to 2010 when compared to other cities with a population of 10,000 or greater. Pearland has been the third largest and fastest growing city in the Houston MSA since 2000, and the City of Pearland's population estimate for January 2017 was over 119,000 people, and the population within the ETJ is over 144,000 people. (Pearland.com) 4 COLLIERS INTERNATIONAL

5 LOCATION MAP Green Tee Golf Course Site Broadway Street Pearland Library Pearland City Hall 5 COLLIERS INTERNATIONAL 5

6 PROPERTY PHOTOS EAST EXPANSION LOT WEST EXPANSION LOT 6 COLLIERS INTERNATIONAL

7 DEMOGRAPHICS 1 Mile 3 Mile 5 Mile Population 2017 Estimated 8,608 66, , Projected 9,560 73, ,402 Growth % % % Households 2017 Estimated 2,988 23,175 63, Projected 3,310 25,490 69,648 Projected Growth % % % Age Estimated Population Under 10 Years 14.0% 14.2% 14.7% 10 to 19 Years 15.4% 15.2% 15.3% 20 to 29 Years 10.3% 11.3% 12.8% 30 to 44 Years 20.5% 21.4% 21.7% 45 to 59 Years 20.7% 19.6% 19.1% 60 to 74 Years 14.1% 13.6% 12.1% 75 Years or Over 4.8% 4.8% 4.2% Median Age Marital Status & Gender Estimated Population Male 48,7% 48.1% 48.7% Female 51.3% 51.9% 51.3% Never Married 25.3% 26.6% 30.1% Now Married 59.5% 55.3% 50.8% Separated or Divorced 10.5% 13.8% 15.0% Widowed 4.7% 4.2% 4.2% 1 Mile 3 Mile 5 Mile Income Estimated Household Income $200,000 or More 13.1% 10.9% 9.1% $150,000 to $199, % 9.7% 8.1% $100,000 to $149, % 23.5% 20.1% $75,000 to $99, % 15.5% 15.1% $50,000 to $74, % 16.2% 18.1% $35,000 to $49, % 10.4% 11.3% $25,000 to $34, % 4.9% 6.7% $15,000 to $24, % 3.8% 5.3% Under $15, % 5.0% 6.1% Average Household Income $117,918 $106,666 $94,991 Median Household Income $103,914 $92,121 $84,078 Per Capita Income $40,934 $37,085 $32, Estimated Total Businesses 275 1,849 4, Estimated Total Employees 2,321 14,201 43,110 Education Attainment 2017 Elementary or Some High School 286 4,288 15,651 High School Graduate 1,311 9,683 27,620 Some College or Associate Degree 2,046 14,374 38,203 Bachelor or Graduate Degree 1,944 15,008 36,205 The property s location exhibits favorable income demographics and continued growth in population and households within the next five years. Demographics from SitesUSA.com 7 COLLIERS INTERNATIONAL

8 Information About Brokerage Services Texas law requires all real estate license holders to give the following information about brokerage 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 other, including the broker s own interest; 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. Colliers International Houston, Inc houston.info@colliers.com (713) Licensed Broker/Broker Firm Name or Primary Assumed Business Name License No. Phone 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 duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer s agent/ AS AGENT FOR BUYER/TENANT: The broker becomes the buyers/tenant s agent by agreeing to represent the buyer, usually though a written representation agreement. A buyer s agent must perform the broker s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined 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 opinion 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 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 ESTABLISHED: 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. Gary Mabray gary.mabray@colliers.com (713) Designated Broker of Firm License No. Phone Patrick Duffy patrick.duffy@colliers.com (713) Licensed Supervisor of Sales Agent/Associate License No. Phone Vaughan S. Ford vaughan.ford@colliers.com (713) Sales Agent/Associate s Name License No. Phone Marshall Clinkscales marshall.clinscales@colliers.com (713) Buyer/Tenant/Seller/Landlord Sales Agent/Associate s NameInitials License No. Date Phone LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposed. It does not create an obligation for you to use the broker s services. Please acknowledge receipt of this notice below and retain a copy for your records. Buyer/Tenant/Seller/Landlord Initials Date 8 COLLIERS INTERNATIONAL Colliers International 1233 West Loop South, Suite 900 Houston, TX Main Fax

9 CONFIDENTIALITY & DISCLAIMER STATEMENT This Offering Memorandum contains select information pertaining to the business and affairs of Walsh Office Complex, E Broadway Street, Pearland, TX It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of the Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Seller, nor its officers, employees, or agents make any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum from Colliers International, you agree: 1) The Offering Memorandum and its contents are confidential; 2) You will hold it and treat it in the strictest of confidence; 3) All photographs and graphic elements are property of Colliers International and use without express written permission is prohibited; and 4) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Seller and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you have no interest in the Property or at any time if requested by either broker or owner, you hereby agree to destroy the Offering Memorandum forthwith. A prospective purchaser s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, seller(s), employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date of this Offering Memorandum. PRESENTED BY: VAUGHAN FORD Senior Vice President dir vaughan.ford@colliers.com MARSHALL CLINKSCALES Director dir marshall.clinkscales@colliers.com COLLIERS INTERNATIONAL 1233 West Loop South Suite 900 Houston, Texas Thank you for your interest in Walsh Office Complex. For additional Information please contact Vaughan Ford, or Marshall Clinkscales for Confidentiality Agreement.