Offering Memorandum 12,600 SF : : $3,076, : : 7.0% CAP RATE

Transcription

1 Offering Memorandum 100, 120, and 140 S. Village Center Drive : : Southlake, TX OFFICE INVESTMENT OPPORTUNITY : : DALLAS-FORT WORTH 12,600 SF : : $3,076, : : 7.0% CAP RATE Exclusively Offered by: Steve Shrum shrum@glaciercommercial.com O C Paul Blight pblight@glaciercommercial.com O C

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3 Content 04 Executive Summary 06 Property Information

4 Executive Summary Glacier Commercial Realty, L.P. has been hired to exclusively represent the ownership in the sale of The Office of Southlake consisting of 100, 120, and 140 Village Lane ( Property ), totaling approximately 12,600 square foot in three Professional Office Buildlings located one of the most affluent DFW suburbs, Southlake, Texas. The assets, are currently 100% occupied with two tenants. The asset represents an ideal low-maintenance opportunity for an investor seeking secure cashflow with minimal oversight. The Property benefits from its central location in the DFW Metroplex and exceptional access to major thoroughfares such as State Highways 114 and 121, which are primary highway arteries to downtown Dallas (SH-114) and downtown Fort Worth (SH-121). Built in 1995, the Property is currently 100% leased to a mix of regional tenants. 100, 120, and 140 S. Village Center Drive Southlake, Texas A RECENT POLL OF SOUTHLAKE BUSINESSES INDICATES THAT THEY CONSISTENTLY CHOSE SOUTHLAKE FOR ITS: 4 Superb access to seven major highways and Dallas/Fort Worth International Airport Location midway between Alliance Airport and Dallas Love Field Low local property tax rate Charming, Southlake Town Square Central location within the Metroplex Excellent choice of commercial and office space Outstanding selection of restaurants and hotel rooms Pro business climate High quality family oriented lifestyle with a rich selection of excellent schools, parks and public amenities Nationally renowned festivals and family activities Convenience to all United States markets

5 LOCATION, LOCATION, LOCATION! 5

6 Property Information Property Details Address: Property Type: Year Built: 1995 Total GLA: Buildings: 3 Occupancy: 100% Site Acreage: Building Type: Roof: Traffice Counts: 100, 120, and 140 S. Village Center Drive Southlake, TX Professional Office Buildings 12,600 square feet ± acres One Story Garden Style Office Buildings with Brick Exterior Composition Roof Southlake Boulevard (FM 1709): 48,446 VPD Area Demographics: 1 mile 3 miles 5 miles 2014 Population 3,585 55, ,476 Avg HH Income $122,586 $116,260 $126,703 % College Educated 74.6% 76.3% 81.0% Property Features Three 4,200 SF Quality buildings with high end finishout Located on Traffic Light at Southlake Blvd. / FM 1709 and Village Center Drive with Excellent visibility and access Building offers Tenants a flexible space plan and a variety of uses Unique low-maintenance investment with stable tenants present low-risk Ideal location in top employment market Near the Southlake Town Square a unique, open-air lifestyle shopping district with more than 120 shops and dozens of fine restaurants in the Dallas-Fort Worth Metroplex whose reputation has been recognized throughout the country. Conveniently located near DFW Airport, which is only minutes away The information contained herein was obtained from sources deemed reliable; however, Glacier Commercial makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. 6

7 100% LEASED 7

8 Offering Memorandum 100, 120, and 140 S. Village Center Drive : : Southlake, TX ,600 SF : : $3,076, : : 7.0% CAP RATE Exclusively Offered by: Steve Shrum Co-Managing Partner shrum@glaciercommercial.com O C Paul Blight Vice President pblight@glaciercommercial.com O C Glacier Commercial Realty, L.P. The information contained in this document has been obtained from sources believed reliable. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. Glacier Commercial Realty makes no representation regarding the value of the property addressed in this report.