TERRELL CROSSING FOR SALE LAND ADVISORY GROUP OFFERING SUMMARY. DILLON COOK Associate p m e

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1 TERRELL CROSSING OFFERING SUMMARY FOR SALE A C R E S K A U F M A N C O U N T Y, T X LAND ADVISORY GROUP CHRIS BURROW Vice President p m e cburrow@henrysmiller.com DILLON COOK Associate p m e dcook@henrysmiller.com METHODS CHANGE. PRINCIPLES ENDURE. SERVICE & INTEGRITY SINCE 1914.

2 Disclaimer THE FOLLOWI NG I NFORMATION IS FROM SOURCES BELI EVED TO BE RELIABLE, BUT HENRY S. MI LLER BROKERAGE, LLC HAS NOT VERI FIED THE ACCURACY OF THE I NFORMATI ON. HENRY S. MI LLER BROKERAGE, LLC MAKES NO GUARANTEE, WARRANTY OR REPRESENTATI ON AS TO THE I NFORMATION, AND ASSUMES NO RESPONSI BI LI TY FOR ANY ERROR, OMISSI ON OR I NACCURACY. THE I NFORMATI ON IS SUBJECT TO THE POSSI BI LI TY OF ERRORS, OMISSI ONS, CHANGES OF CONDI TION, I NCLUDI NG PRI CE OR RENTAL, OR WI THDRAWAL WI THOUT NOTI CE. ANY PROJECTI ONS, ASSUMPTI ONS OR ESTI MATES ARE FOR I LLUSTRATI VE PURPOSES ONLY. RECI PIENTS SHOULD CONDUCT THEIR OWN INVESTIGATION. TERRELL CROSSING IS BEING OFFERED FOR SALE AND IS EXCLUSIVELY LISTED BY CHRIS BURROW AND DILLON COOK LAND ADVI SORY GROUP OF HENRY S. MI LLER BROKERAGE, LLC. BUYER S BROKER MUST BE I DENTI FIED ON FI RST CONTACT, AND MUST ACCOMPANY BUYI NG PROSPECT ON FI RST SHOWI NG TO BE ALLOWED FULL FEE PARTI CI PATI ON. I F THI S CONDI TI ON I S NOT MET, FEE PARTI CI PATI ON WI LL BE AT SOLE DI SCRETI ON OF LISTI NG BROKER. PROSPECTS MAY BE REQUI RED TO REQUI RED TO PROVI DE PROOF OF FUNDS PRIOR TO SCHEDULI NG A SHOWI NG. 2

3 Executive Summary PROPERTY OVERVIEW Overview Terrell Crossing is located in Kaufman County, TX with the exception of the northern tip lying in Rockwall County. The site is located within 7 miles of Downtown Terrell and has experienced significant residential and commercial growth as a commuter city within 30 minutes of Dallas. The property is positioned in McLendon-Chisholm s southernmost ETJ sector, in the Southwest corner of State HWY 205 and FM 548. There is a City of Dallas Water Pipeline running through the middle of the property, splitting it into two tracts. A 24-mile, 6-lane expansion of State HWY 205 is underway north of the site to meet the increasing vehicular traffic connecting Terrell, Rockwall, and Dallas. : McLendon-Chisholm ETJ : Kaufman/Rockwall County Limits : City of Dallas Water Pipeline : Parcel Dividing Line Property Summary LOCATION COUNTY SUBMARKET NET LAND AREA ZONING LAND USE 100-YR FLOOD FRONTAGE SCHOOL DISTRICT UTILITIES FOR SALE Southwest Quadrant of State HWY 205 and FM 548 Kaufman with Northern Corner in Rockwall Terrell/Rockwall/Forney ± Acres ** Sub-dividable: See Page 6 ** McLendon-Chisholm ETJ PUD at 3.0 DU/Acre Master Planned Community Approximately 112 Acres ±0.51 Miles on FM 548 ±0.65 Miles on HWY 205 Terrell ISD Water, telephone, and electric to site. Sewer will be septic Please Contact Broker for Details 548 3

4 Executive Summary PROPERTY OVERVIEW PARCEL ACRES LABEL A B C Chisholm Ranch Estates Property Boundary: Water Line Easement: Airpark East Airport-1F7 Rockwall County Kaufman County 6

5 Executive Summary AERIAL OVERVIEW 4,000 acre masterplanned community (9,300 Lots) 2,000 acre masterplanned community (1,850 Lots) 5,641 acre proposed master-planned community 5

6 Market Overview MARKET AREA DYNAMICS F O R N E Y R I D G E C R E S T L A N D D E V E L O P M E N T DFW Current Housing Market 18

7 Market Overview INVESTMENT MERITS Market Area Continued With its proximity to Dallas-Fort Worth, the properties are ideally located for a residential development. Other factors considered highly supportive of single family residential development of the properties include the following: Entertainment attractions located within close driving proximity to the property include private golf, tennis, and swim clubs, equestrian facilities, and Lake Ray Hubbard, a large reservoir popular for boating, fishing and lakeside dining. The area is an already established and recognized market for single family homes and large estate sites which are available at prices significantly lower than those available in the Dallas market area. Presence of an excellent transportation system including U.S. Interstates 30 and 20 and State Highway 80 which allow ease of access for commuting to downtown Dallas and surrounding employment centers. Proximity to major airports for frequent business and pleasure travelers. Nearby restaurants, neighborhood grocery stores and a broad range of retailers located a short distance from the properties along State Highway 80 and U.S. Interstate 20 corridors. DFW Housing Market Due to an acute housing shortage, North Texas home prices are rising at more than twice the long-term rate due to a tight housing supply and dramatic population gains in the area. Dallas-Fort Worth area home prices have increased by more than 30 percent in the last five years and are now at record levels. Dallas-area home prices in February 2016 increased 9.6 percent from a year ago, second only to Denver s, according to data from CoreLogic. That compares to price increases of 6.8 percent nationwide. Home prices continue to climb at more than twice the rate of inflation, according to David Blitzer in a recent report from Standard and Poors. The low inventory of homes for sale currently about a five-month supply means that would-be sellers seeking to trade up are having a hard time finding a new, larger home. Low inventories and short supply are boosting prices. Zillow chief economist Svenja Gudell commented on the report. Looking at the bigger picture, there s not much else to worry about in housing at the moment. As long as wages and job opportunities keep rising, the housing market should remain fairly stable and healthy. 7

8 Market Overview PROPERTY TOPOGRAPHY 500 ft 489 ft 500 ft 513 ft 475 ft 412 ft 510 ft 8

9 Market Overview DRIVE TIME MAP 5 Miles 10 Miles 15 Miles 20 Miles 25 Miles Drive Time Map Miles Destination 7 Terrell 10 Forney 16 Sunnyvale 18 Mesquite 25 Garland 31 Downtown Dallas 34 Love Field Airport 30 Miles 35 Miles 40 Miles 45 Miles 50 Miles 55 Miles 41 Addison 44 Farmers Branch 51 Frisco 55 DFW Airport 9

10 Land Advisory Group ABOUT US What We Do Henry S. Miller Company s Land Advisory Group serves a diverse group of clients and provides a wide range of strategic real estate advisory services benefiting individual, institutional, public, private and non-profit clients. Our team advises clients in the following areas: Commercial and investment property acquisitions and dispositions as well as due diligence, research and valuations related to those transactions; Strategic decisions related to property management, financing, and cycle analysis; Consulting with cities, county, and state government entities in real estate asset management, economic development, and community revitalization strategies; Adding value to commercial and investment properties by obtaining regulatory and zoning approvals and forming strategic public-private partnerships for property owners and investors. Our Approach We believe solving complex problems is achievable through careful research and due diligence and by assigning a senior professional to personally manage each assignment. We approach each challenge as unique, applying the most effective combination of resources to each project. We also believe in working collaboratively as a team and establishing clear lines of communication with our clients. Where We Work The real estate professionals in the Land Advisory Group have advised and consulted on over 500 engagements in 7 states and with 30 combined U.S. markets representing over $2 billion in value. Our advisory team focuses on the following key property asset types in the Dallas/Fort Worth, North Texas and Southwest U.S. markets: Multifamily properties and development sites Urban and suburban office properties and corporate campus sites Hospitality properties Commercial/Retail/Restaurant sites Mixed-Use Urban properties and development sites Development land for planned residential and mixed-use projects Investment grade land assets positioned for long-term appreciation Who We Are Land Advisory Group was founded by senior real estate professionals at Henry S. Miller Company and is comprised of individuals with nearly 80 years of industry experience. Team members have held executive positions with nationally recognized real estate firms, with U.S. government agencies and non-profit organizations. "Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth." - Theodore Roosevelt 10

11 Contact Information L A N D A D V I S O R Y G R O U P Contact Information Our Industry experts are here to provide you with the answers you need. Please feel free to contact Henry S. Miller Brokerage s Land Advisory Group so that we may further assist you with your real estate needs. CHRIS BURROW Vice President p m e cburrow@henrysmiller.com DILLON COOK Associate p m e dcook@henrysmiller.com ALEC LUCAS Associate p m e aleclucas@henrysmiller.com ERIC LEYENDECKER Associate p m e eleyendecker@henrysmiller.com Dallas Parkway, 11 TH Floor, Dallas, TX T:

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