DALLAS CBD ADDISON, TX BELT LINE ROA D DALLAS (CARROLLTON), TEXAS 100% Leased Distribution and Manufacturing Facility in the Heart of Dallas OFFERING SUMMARY
INVESTMENT OVERVIEW HFF is pleased to exclusively offer the opportunity to acquire 2115 Belt Line (the Property ), a 100% occupied, 356,855 square foot, industrial warehouse and manufacturing facility located in the Dallas infill suburb of Carrollton. 2115 Belt Line is strategically located in DFW s highly coveted Valwood industrial submarket, in close proximity to several major transportation thoroughfares and demand drivers. With six years of average remaining lease term, 2115 Belt Line provides investors the opportunity to acquire stable cash flow at a substantial discount to replacement cost. 2115 East Belt Line Road Carrollton, TX 75006 ADDRESS Valwood SUBMARKET 100% Leased OCCUPANCY 356,855 SF AREA 6.0 Years AVG. REMAINING LEASE TERM 1975 1991 BUILT RENOVATED 2
THE OFFERING EXCELLENT LOCATION & ACCESS Last Mile location strategically positioned 3.9 miles from the intersection of I-35 and I-635 STABLE CASH FLOW WITH HIGH QUALITY TENANCY RUDY S FOOD PRODUCTS Recently acquired by Dallas-based Teasdale Latin Foods (a division of Snow Phipps) 84% of the Property s tenancy 7 years of remaining lease term To date, Rudy s Food Products has invested $25+ million in production lines and is currently installing more equipment at the Property. 2115 Belt Line is the firm s National Headquarters and sole production facility L.E. KLEIN COMPANY 16% of the Property s tenancy A tenant at the Property since 2003 ROBUST SUBMARKET The Valwood Industrial Submarket is 98% leased STRONG MARKET FUNDAMENTALS Dallas fundamentals are among the strongest in the country in terms of population and employment growth Tenant Rudy's Food Products Size 298,653 SF % of RBA 83.7% Office Finish 14.0% Tenant Use Warehouse; Cold Storage; Food Preparation; Office Initial Occupancy Date Oct-2012 Tenancy To Date 5.8 years Remaining Lease Term 7.0 years L.E. Klein Company, Inc. 58,202 SF 16.3% 10.0% Warehouse; Office Jul-2003 15.1 years 1.1 years 356,855 SF 100.0% 13.0% - - 7.3 years 6.0 years TOTALS / AVERAGES 3 Offering Summary
PROSPER DENTON McKINNEY PONDER LITTLE ELM CORINTH FRISCO ARGYLE Lewisville HIGHLAND VILLAGE JUSTIN RHOME SAM THE COLONY Y LWA TOL URN B Y RA Lavon SOUTHLAKE KELLER FLOWER MOUND PR E TROPHY CLUB ROANOKE HASLET Grapevine CARROLLTON GRAPEVINE COPPELL North FARMERS BRANCH ENT GEORGE BUSH T SID UR NP I ADDISON COLLEYVILLE WATAUGA NORTH RICHLAND 820Road Building Address: 2115 East Belt Line Carrollton, TX 75006 HILLS Fort Worth LAKE 820 Rentable Area: WORTH Project % Leased Meacham356,855 SF Airport Site Area: NAS Joint Reserve Base Fort Worth Ratio: Coverage WHITE TruckWESTOVER Court: TLEMENT Loading HILLS Docks Clear. WY C HI SHOLM T K IL P RA Height: CBD EULESS DALLAS 3 - Ramp access doors 820 ARLINGTON Preston Hollow GRAND PRAIRIE ROWLETT University Park White Rock ENBROOK Total Parking Spaces: 237 (0.66 per 1,000) EDGECLIFF Office %: +/- 13% (estimated) VILLAGE Benbrook 4 CROWLEY Offering Summary HEATH SUNNYVALE CBD MESQUITE FORN OAK CLIFF 45 BALCH SPRINGS Construction Overview: BELTConcrete tilt-wall construction DALWORTHINGTON JUNCTION Building Dimensions: 842 (width) x 360 /402 FOREST HILL (depth) GARDENS Ray Hubbard wood Uptown Mountain Creek Arlington ROCKW Highlands RICHARDSON Highland Park HURST 26 - Dock high doors with mechanical dock levelers 18-22 DALLAS LOVE FIELD AIRPORT IRVING HALTOM CITY FORT 15.88 acres 51.5% WORTH 150' 100.0% BEDFORD KE GARLAND TOLLWAY SAGINAW Property Overview Dallas/Fort Worth International Airport WYLIE MURPHY SACHSE DALLAS NORTH ntain ke PLANO Addison Airport LAS COLINAS 820 LUCAS LEWISVILLE Fort Worth Alliance Airport Worth ALLEN 20 20 DUNCANVILLE HUTCHINS SEAGOVILLE 20 Joe Pool CEDAR HILL DE SOTO LANCASTER 45 CRANDA
DALLAS CBD LAS COLINAS URBAN CENTER BROOKHAVEN COUNTRY CLUB WEBB CHAPEL ROAD N JOSEY LN CARROLLTON PARK SHOPPING CENTER NIX RD Destination Miles I-35 1.6 President George Bush Turnpike 3.0 I-635 3.3 Dallas North Tollway 3.5 Dallas Love Field 7.9 DFW Int'l Airport 12.6 Dallas CBD 16.0 CHRYSLER MOPAR PARTS & DISTRIBUTION CENTER HAYDEN DR E BELT LINE RD ENGLANDER DZIGN PARK VANTAGE DR AMERICAN TIRE DISTRIBUTORS BNSF RAIL SPUR PACKING SOLUTIONS LENNOX INDUSTRIES 5 Offering Summary
American Tire Distributors Chrysler Mopar Parts & Distribution Center E Belt Line Rd BNSF Rail Spur 2115 Belt Line Hayden Dr 6 Offering Summary
BNSF Rail Spur L.E. Klein 58,202 SF Rudy s Tortillas 298,653 SF E BELT LINE ROAD 231 Car Parks 29 Trailer Parks HAYDEN DRIVE 7 Offering Summary
WHY DALLAS/FORT WORTH? Unemployment rate of 3.6%, adding over 99,200 jobs in 2017 ACCESSIBILITY Central U.S. location featuring Dallas-Fort Worth International Airport & Dallas Love Field 225+ NON-STOP DESTINATIONS From 2018 to 2022, DFW is projected to add 489,616 residents and 121,132 new jobs, both are the highest forecast total in the entire U.S., according to Oxford Economics. ULI s Emerging Trends #2 Top Market to Watch in 2017 81.2M PASSENGERS PER YEAR One of the largest concentrations of corporate headquarters in the country and has recently attracted a notable list of expansions and relocations spanning several diverse industries Forbes recently ranked Texas #1 in Economic Climate out of all 50 states BUSINESS ENVIRONMENT #1 STATE FOR DOING BUSINESS 13 YEARS IN A ROW - CEO Magazine 2017 0% STATE & LOCAL INCOME TAX RATE 3.6% UNEMPLOYMENT RATE serviced approximately 65,670,697 passengers in 2016. 3.8 MILLION W O R K E R S 1,052,000 Number of residents added to the region between 2010 and 2017 185 serviced 15,562,738 passengers in 2016 and is home to Southwest Airlines #1 in Economic Climate 7,873,019 Projected population of the region by 2021 4 LARGEST th WORKFORCE IN AMERICA Companies ranked in the INC. 5000 fastest-growing private companies that call Dallas/Fort Worth home. 8 Offering Summary
INVESTMENT ADVISORY FINANCING ADAM HERRIN STEPHEN BAILEY STEVEN KIMOSH KRISTI LEONARD JIM CURTIN Managing Director aherrin@hfflp.com 469.232.1922 Director sbailey@hfflp.com 469.232.1992 Associate skimosh@hfflp.com 214.692.4703 Analyst kleonard@hfflp.com 469-232-1996 Senior Director jcurtin@hfflp.com 469-221-7781 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF. HFF has been engaged by the owner of the property [properties] to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.