FOR SALE Office Building 4107 MEDICAL PARKWAY Austin, Texas 78756 RYAN PERRY 512.694.5426 STEVE GARNETT 512.507.9597 Sgarnett@Asterra.com LUCIAN MOREHEAD 512.825.6287 Lmorehead@Asterra.com 1710 Houston Street Austin, TX 78756 WWW.ASTERRA.COM
4107 MEDICAL PARKWAY, AUSTIN, TEXAS 78756 TABLE OF CONTENTS PROPERTY INFORMATION 3 LOCATION INFORMATION 9 DEMOGRAPHICS 12 All materials and information received or derived from Asterra Properties its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither Asterra Properties its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. Asterra Properties will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Asterra Properties makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Asterra Properties does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Asterra Properties in compliance with all applicable fair housing and equal opportunity laws. 2
PROPERTY INFORMATION Confidential Offering Memorandum- 4107 Medical Parkway 1 RYAN PERRY 512.694.5426 512.694.5426 STEVE GARNETT 512.507.9597 Sgarnett@Asterra.com LUCIAN MOREHEAD 512.825.6287 Lmorehead@Asterra.com 1710 Houston Street Austin, TX 78756 WWW.ASTERRA.COM
4107 MEDICAL PARKWAY, AUSTIN, TEXAS 78756 EXECUTIVE SUMMARY SALE PRICE $3,250,000 OFFERING SUMMARY Legal Description: Lot B Bellvue-Forty Second Owner Of Record: 4107 Medical Parkway LLC Building Size: 12,300 SF Lot Size: 0.49 Acres Available R SF: 11,528 SF Current Occupancy: 90% Parking Ratio: 3.33/1,000 SF Cap Rate: 6.12% Year Built/Renovated: 1970/2016 Zoning: LO Market/Submarket: Austin/West Central Price Per SF: $264.23 Price / SF: $264.23 PROPERTY OVERVIEW Newly remodeled two-story professional office building located within the booming Central Medical District. Within walking distance to Central Market, Lamar Central, Seton Hospital, Austin Heart Hospital, and many other parks, shops and restaurants. LOCATION OVERVIEW Easily accessible by N. Lamar, 38th St., 45th St., Burnet Rd. and Mopac. 4
4107 MEDICAL PARKWAY, AUSTIN, TEXAS 78756 ADDITIONAL PHOTOS 5
4107 MEDICAL PARKWAY, AUSTIN, TEXAS 78756 ADDITIONAL PHOTOS 6 1710 Houston Street Austin, TX 78756 WWW.ASTERRA.COM
4107 MEDICAL PARKWAY, AUSTIN, TEXAS 78756 FLOOR PLANS 7
4107 MEDICAL PARKWAY, AUSTIN, TEXAS 78756 FLOOR PLANS 8
LOCATION INFORMATION Confidential Offering Memorandum - 4107 Medical Parkway 2 RYAN PERRY 512.694.5426 512.694.5426 STEVE GARNETT 512.507.9597 Sgarnett@Asterra.com LUCIAN MOREHEAD 512.825.6287 Lmorehead@Asterra.com 1710 Houston Street Austin, TX 78756 WWW.ASTERRA.COM
4107 MEDICAL PARKWAY, AUSTIN, TEXAS 78756 AERIAL MAP 4107 Medical Parkway 10 1710 Houston Street Austin, TX 78756 WWW.ASTERRA.COM
4107 MEDICAL PARKWAY, AUSTIN, TEXAS 78756 RETAILER MAP 11
DEMOGRAPHICS Confidential Offering Memorandum - 4107 Medical Parkway 3 RYAN PERRY 512.694.5426 512.694.5426 STEVE GARNETT 512.507.9597 Sgarnett@Asterra.com LUCIAN MOREHEAD 512.825.6287 Lmorehead@Asterra.com 1710 Houston Street Austin, TX 78756 WWW.ASTERRA.COM
4107 MEDICAL PARKWAY, AUSTIN, TX 78756 DEMOGRAPHICS REPORT 1 MILE 3 MILES 5 MILES Total population 15,175 129,318 314,770 Median age 31.3 31.7 32.6 Median age (male) 31.5 31.6 32.3 Median age (female) 31.0 32.0 33.0 1 MILE 3 MILES 5 MILES Total households 7,548 56,204 134,218 Total persons per HH 2.0 2.3 2.3 Average HH income $69,734 $75,614 $74,327 Average house value $412,232 $398,942 $356,011 1 MILE 3 MILES 5 MILES Total Population - White 12,781 104,565 225,890 % White 84.2% 80.9% 71.8% Total Population - Black 609 6,006 26,896 % Black 4.0% 4.6% 8.5% Total Population - Asian 959 8,550 15,061 % Asian 6.3% 6.6% 4.8% Total Population - Hawaiian 4 23 166 % Hawaiian 0.0% 0.0% 0.1% Total Population - American Indian 17 539 1,354 % American Indian 0.1% 0.4% 0.4% Total Population - Other 469 6,780 40,121 % Other 3.1% 5.2% 12.7% 1 MILE 3 MILES 5 MILES Total Population - Hispanic 1,584 22,972 98,182 % Hispanic 10.4% 17.8% 31.2% * Demographic data derived from 2010 US Census 13
4107 MEDICAL PARKWAY, AUSTIN, TX 78756 BROKER DISCLOSURE 14