HERRERA LEGACY SHOPPING PLAZA

Transcription

1 Montana Ave For Lease KW C O M M E R C I A L Each Keller Williams office is independently owned and operated. OFFERING MEMORANDUM HERRERA LEGACY SHOPPING PLAZA Montana Ave El Paso, TX 79938

2 CONTACT INFORMATION KW C O M M E R C I A L Each Keller Williams office is independently owned and operated. Sergio Tinajero Commercial Director M STinajero@KWCommercial.com KW Commercial El Paso O 6006 N Mesa St Ste 1100 El Paso, TX no reason to doubt the accuracy of this information, no representation or warranty either expressed or implied, is made as to the accuracy, completeness, or adequacy of this information. All offerings are subject to prior sale, lease or withdrawal from the market without notice.

3 PROPERTY OVERVIEW KW C O M M E R C I A L Property Highlights New shopping center under construction in one of the fastest areas of growth in El Paso. Great accessibility from Montana Ave, Loop 375 and Rich Beem. This property is located across the street from WalMart Supercenter and Lowe's Home Improvements. Other retailers in the area i n c l u d e C h a s e B a n k, Ta c o B e l l, Whataburger, Cinemark, Famous Dave's and many more to mention. The available spaces range from 1,200 Sq. Ft. up to 18,300 Sq. Ft. in addition to 3 padsites for land lease. Current tenants in the development include Pocket's and a Chevron gas station and convenience store. KW Commercial 1

4 PROPERTY INFORMATION Property Address: Legal Description: Montana Ave El Paso, TX TSP 2 SEC 33 T & P ABST 2139 TR 6-A-6 ( AC) Zoning: C 4 Land Area: 760,668 SF Year Built: 2018 Bldg Area: A: 18,300 SF B: 18,300 SF Pad Sites: 3 Pad Sites Avialable Lease Rate: From: p/sf Space Available: From 1,200 SF & UP Lease Type: NNN KW Commercial 2

5 PROPERTY INFORMATION DEMOGRPHICS KW C O M M E R C I A L C Bldg B Bldg A B A Demographics: 1 MILE 3 MILES 5 MILES 2017 Total Population: 9,954 84, ,662 Average Age: Total Households: 2,460 23,459 50, Med Household Income: $53,623 $57,732 $55,546 SUBJECT PROPERTY 2017 Avg Household Income: $61,975 $68,927 $67,032 Avg HH Annual Consumer Spending: $24,951 $26,654 $25,604 Traffic: Traffic Volume Montana Ave 22,290 Joe Battle Blvd 34,547 KW Commercial 3

6 FLOOR PLAN FLOOR PLAN C Bldg B Bldg A B A Space SF Lease Rate Lease Building A Building B From 1,200 to 18,000 SF (1,500 SF Central End Cap) From 1,200 to 18,000 SF (1,500 SF Central End Cap) From $18.50 to $22.00 /SF/Year From $18.50 to $22.00 /SF/Year NNN NNN Pad 4 8,500 SF Land Lease TBA NNN Pad 3 33,000 SF Land Lease TBA NNN Pad 2 22,300 SF Land Lease TBA NNN LEASED KW Commercial 4

7 PROPERTY LOCATION SUBJECT PROPERTY State Jail Tierra Este Rd El Paso County Jail Annex Montana Ave El Dorado High School Hurshel Antwine Elementary Rich Beem Blvd KW Commercial 5

8 PROPERTY LOCATION SUBJECT PROPERTY El Dorado High School N Zaragoza Rd KW Commercial 6

9 INFORMATION ABOUT BROKERAGE SERVICES TEXAS LAW REQUIRES ALL REAL ESTATE LICENSEES TO GIVE THE FOLLOWING INFORMATION ABOUT BROKERAGE SERVICES TO PROSPECTIVE BUYERS, TENANTS, SELLERS AND LANDLORDS. EQUAL HOUSING OPPORTUNITY TYPES OF REAL ESTATE LICENCE 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 interest of the client above all others, including the broker s own interests; - 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 A LICENSE HOLDER CAN REPRESENT A PARTY IN 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 minimum duties above and must inform te 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 buyer/tenant s agent by agreeing to represent the buyer, usually through 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 obligation 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 opinions 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 AS SUB AGENT: A license holder acts as a subagent when aiding a buyer in a transaction without and agreement to represent the buyer. A subagent can assist the buyer but does no represent the buyer and must place the interest of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: -The broker s duties and responsibilities to you, and your obligations under the representation agreement. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purpose. It does nor create and obligation for you to use the broker s services. Please acknowledge receipt of this notice below and retain a copy for your records. Keller Williams Realty Broker Firm Name Mo Goodarzi Designated Broker of Firm License No License No. Mo.Goodarzi@kw.com Mo.Goodarzi@kw.com Sergio Tinajero Associate s Name License No. Stinajero@KWcommercial.com N. Mesa Ste 110 I El Paso, TX I Buyer/Tenant/Seller/Landlord Initials Date Regulated by Texas Real Estate Commission Information available at IABS 1-0 Produced with zipform by ziplogix Fifteen Mile Road, Fraser, Michigan