GRAND CAY HARBOUR David Kendall Senior Advisor 561.723.8463 david.kendall@svn.com Tony Roubik #319384 Managing Director 713.858.1144 roubikt@svn.com SVN FLORIDA COMMERCIAL REAL ESTATE ADVISORS 810 SATURN STREET, #24, JUPITER, FL 33477 OFFERING MEMORANDUM
PROPERTY INFORMATION 3 Property Summary Property Description Complete Highlights LOCATION INFORMATION 7 Aerial Retailer Map Nearby Marinas Major Employers Regional Map Site Plan DEMOGRAPHICS 14 Demographics Map ADDITIONAL INFORMATION 16 MARINA TRACT Grand Cay Harbour Levee Additional Photos Utilities GRAND CAY HARBOUR TEXAS CITY, TX 77590 OFFERING MEMORANDUM
1 PROPERTY INFORMATION Texas City, TX GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 3
Property Description PROPERTY OVERVIEW Along a well protected portion of Galveston Bay shoreline, fronting some of Texas' premier seaways with verdant nearby wildlife preserves, a new coastal village is taking shape. With panoramic views in every direction and superb direct water access to the Gulf of Mexico, Grand Cay Harbour is a boater s and bay lover s paradise. The Gulf of Mexico is only minutes away by boat via the Galveston Bay Entrance. This 55 acre development site is permitted for a deep water marina with approximately 300 wet slips. The remaining upland can be developed with fairly liberal zoning usage. Adjacent to this tract, David Weekley Homes is currently building homes in the $350 - $900k price range. Some potential uses for this property include construction of a marina, dry boat storage facility, restaurant(s), hotel, 3-story apartment project, townhomes, mid-rise condos, or a resort type use. The property is protected from storm surge via a 23' flood levee with a control gate that provides access to Galveston Bay and the Gulf of Mexico. The Marina entrance is located just inside the steel Tide Gate, which is lowered prior to a hurricane, protecting the area from potential storm surge. No hurricane flood damage has occurred inside the levee since it was constructed in 1963. The levee surrounds 36 square miles, including the entire development parcel, and protects Texas City from flood risks due to storm surge. The levee can withstand up to a 23' storm surge, making this a safe harbor for boaters and an ideal location for a working marina. LOCATION OVERVIEW Grand Cay Harbour is located on Skyline Drive adjacent to Galveston Bay, Moses Lake and Dollar Bay in Texas City, Galveston County, Texas. Located on the southwest shoreline of Galveston Bay, Texas City is a busy deepwater port on Texas' Gulf Coast, as well as a petroleum refining and petrochemical manufacturing center. According to the 2010 census, Texas City is the third-largest city in Galveston County. GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 4
Complete Highlights SALE HIGHLIGHTS 54.99 +/- acre Marina & Mixed Use development Entitlements in place Designed for 300 wet slip marina Townhome/Condo lots Commercial development USACE Permits are already approved Potential uses include: Marina, Dry Boat Storage, Restaurant(s), Resort, Hotel, 3-story Apartment Project, Townhomes, and/or Mid-rise Condo This is a safe harbor located inside of a protected levee that can withstand 23' storm surge No flooding has occurred in the area since the levee was installed over 60 years ago Access to Galveston Bay & Gulf of Mexico via Moses Lake Tide Gate that has a 56' clearance width and a 51' clearance height Adjacent to custom waterfront residences built by David Weekly Homes in the $350-$900k price range. Mitigated wetlands, ready to build Utility service for city sewer, city water, & 3 phase electrical already in place Flexible site configuration can emphasize upland or marina basin depending on developers vision Ask about Edward's Point, a 15.7 acre tract surrounded almost entirely by open water views for sale via separate agreement. Ideal location for private estate or several high end custom waterfront homes. GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 5
Property Summary OFFERING SUMMARY Sale Price: $3,300,000 Lot Size: 54.99 +/- Acres Zoning: Marina, Commercial, Mixed Use, M/F Market: Houston Submarket: Texas City Price / SF: $1.38 SF Price / Acre: $60,010.91 PROPERTY HIGHLIGHTS 54.99 +/- acre Marina & Mixed Use development Designed for 300 wet slip marina Townhome/Condo lots Commercial development USACE Permits are already approved Potential uses include: Marina, Dry Boat Storage, Restaurant(s), Resort, Hotel, MF, Townhomes, and/or Mid-rise Condo Safe Harbor located inside protected levee that can withstand 23' storm surge Only marina site in Galveston Bay with hurricane surge and flood protection Access to Galveston Bay & Gulf of Mexico Adjacent to upscale waterfront residences built by David Weekly Homes Flexible development plan GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 6
2 LOCATION INFORMATION Texas City, TX GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 7
Aerial GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 8
Retailer Map GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 9
Nearby Marinas GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 10
Major Employers GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 11
Regional Map Grand Cay Harbour GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 12
Site Plan GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 13
3 DEMOGRAPHICS _ Texas City, TX GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 14
Demographics Map POPULATION 5 MILES 15 MILES 30 MILES Total population 41,379 286,137 1,229,849 Median age 36.1 36.8 33.4 Median age (male) 35.7 36.1 32.8 Median age (Female) 36.5 37.4 34.1 HOUSEHOLDS & INCOME 5 MILES 15 MILES 30 MILES Total households 15,035 110,607 423,629 # of persons per HH 2.8 2.6 2.9 Average HH income $59,605 $71,025 $69,750 Average house value $111,180 $179,381 $142,964 * Demographic data derived from 2010 US Census GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 15
4 ADDITIONAL INFORMATION _ Texas City, TX GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 16
Conceptual Marina Site GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 17
GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 18
Levee GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 19
GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 20
Utilities 8 Waterline In Casing 3-Phase Overhead Power 6 San Sew Forcemain In Casing GRAND CAY HARBOUR _ TEXAS CITY, TX SVN Florida Commercial Real Estate Advisors Page 21
David Kendall Senior Advisor SVN Florida Commercial Real Estate Advisors David is a CRE professional specializing in the sale, development, & acquisition of marine facilities. David has over 18 years of experience in Real Estate Brokerage & Finance. David has a Bachelor of Science in Finance from Florida State University, and is a licensed Florida Real Estate Broker, pursuing his CCIM designation for Commercial Real Estate Investment. Phone: 561.723.8463 Cell: Email: david.kendall@svn.com 810 Saturn Street, #24 Jupiter, FL 33477 Over $100 MM in Real Estate transactions credited to his name, David is a successful negotiator who s skills include Commercial Real Estate Valuation, Financial Analysis, Leasing, Portfolio Management, Sales, & Marketing. David has experienced multiple economic and property market cycles, through downturn and improvement, continually evolving and improving for the benefit of his clients. David has worked with both private as well as institutional investors to acquire and manage Real Estate investments. David lives in Palm Beach County where he enjoys boating, the outdoors, and spending time with his family. David has multiple clients who rely on his professional expertise to help guide them with their CRE investments, from acquisition through disposition, I am extremely adept at valuing and identifying investment opportunities in underserved areas where my experience can help create desired returns for my clients. With a focus on commercial waterfront, David has established himself as a knowledgeable resource for marina owners, operators, private equity groups, & developers, with whom he consults with on a regular basis. With SVN's tools and services, David has access to one of the largest Commercial Real Estate networks in the nation. Tony Roubik Managing Director SVN AVR Commercial Real Estate Services Tony Roubik serves as a Managing Director for SVN, specializing in the sale of office, industrial, multi-family, self storage, and retail properties in Houston, Texas. With more than 30 years of experience, he enjoys the challenges that come with each new assignment and appreciates the privilege of establishing a successful professional relationship with each new client. Phone: 713.858.1144 #319384 Email: roubikt@svn.com 9208 Cardwell Houston, TX 77055 By adopting an operating philosophy of "sharing the wealth" in order to bring together whatever team of experts might be needed to complete any given project, Tony has developed a reputation for delivering superb results regardless of the nature of the client need. As a result, over the last 30+ years he has been involved in a remarkable range of sales, leasing, exchange, development, management, and consulting assignments that have allowed him to develop an unusually broad perspective on the commercial real estate business. Tony's typical day might find him reviewing a land development project with a developer client in the morning, discussing the progress of a multi-family purchase assignment with a buyer over lunch, putting together a listing package for a shopping center owner in the afternoon, and planning for an upcoming 1031 exchange requirement for a small office building investor at the end of the day. A recipient of the Sperry Van Ness Partner's Circle award in 2007 for top performance, Tony was also awarded, and is especially proud of being, the 2007 Team Player of the Year. More recently, Tony was recognized as the #1 SVN Advisor in Texas and the #11 SVN Advisor in the nation in 2009. It has been Tony's observation that you can bring together far more experience, knowledge and expertise for the benefit of a client if you operate with a team philosophy than you could ever hope to do as a single stand-alone specialist. As a managing director with SVN, Tony has access to some of the best commercial real estate investment brokers in their respective geographic markets around the entire country, and he looks forward to applying his operating philosophy to your next commercial real estate requirement, wherever it may be. Tony's educational credentials include an MBA from Harvard Business School and a Bachelor's degree from Dartmouth College. GRAND CAY HARBOUR TEXAS CITY, TX 77590 SVN Florida Commercial Real Estate Advisors Page 22