OFFICE & MEDICAL CONDOS NEW BRAUNFELS, TX 78130 FOR SALE or Lease Construction complete September 1st, 2017! Office condos available for purchase or lease across from the new 366,000 SF Resolute Hospital, less than 5 minutes from IH-35. Abundant shopping and restaurants surround. $190/SF for shell space. $1.85 NNN to lease. Office sizes range from 3,052 SF to 9,273 SF. Located within Generations Professional Office and Medical Complex. Occupants include Davita Dialysis, Legend Oaks Health Care & Rehab, New Braunfels Spine & Pain Surgery Center, OBGYN, and a Pediatric Cardiologist. Cory Elrod, cory@legacycommercialre.com, 830.214.3489 Mike Ybarra, mike@legacycommercialre.com, 210.601.1414 Legacy Commercial Real Estate
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MARKET SNAPSHOT NEW BRAUNFELS IS THE 2ND FASTEST GROWING CITY IN THE US New Braunfels is now the nation s second-fastest growing city with a population of 50,000 or more, according to estimates released by the U.S. Census Bureau. 2013, New Braunfels was the 18th fastest growing city, in 2014, it was the 13th fastest growing city, and in 2015 it is the 2nd fastest growing city. 2015 total population is 70,543, a 6.6% increase from 2014. Since 2000, total population has increased by 54%. Approximately 60.8% of the population are white, 35% Hispanic, 1.9% African American, and 2.3% other. Comal County in which New Braunfels lies was recently ranked the 7th fastest growing large county in the US. Such growth is attributed to its location on IH35 in between two of the fastest growing metropolises in the nation, Austin and San Antonio. In 2015, over 900 new jobs were added with over 20 primary employers. Median Household Income has risen 74% since 2001, higher than the state and metro-area average. Property valuations increased in 2015 by 12.8% over 2014. Since 2005, New Braunfels has a lower unemployment rate than the nation, state, region, and metro area. Unemployment rate are at the lowest since June 2007. Commercial building permits set a new record in 2015. Residential permit exceeded 1,000 homes for the third consecutive year. 6
CORY ELROD Principal 2021 W State Hwy 46, Suite 101 New Braunfels, TX 78132 T 830.214.3489 C cory@legacycommercialre.com Professional Background Cory Elrod is a Co-Founder of Legacy Commercial Real Estate. He has over 9 years of experience in commercial real estate specializing in the sales and/or leasing of office, office medical, retail, land, industrial, and retail pad sites. Cory has had a multifaceted career during which he has put his education to use in different sectors such as the medical field and corporate recruiting before turning his attention toward his true passion of Commercial Real Estate. Growing up in New Braunfels, he has lived, worked, and volunteered since his youth. He provides a native's perspective of the market and community along with his years of large market commercial real estate experience. Cory specializes in giving his clients a very thorough understanding of the dynamics of the community to maximize their marketplace results. Cory previously with Providence Commercial Real Estate Services as well as served as President for the McKenna Healthcare Foundation at McKenna Memorial Hospital. Memberships & Affiliations Current Chairman & Member of New Braunfels Planning & Zoning Commission Current Member of Wurstfest Association (Kleine Opa) Current Member of Comal Parks Selection Committee Current Chairman & Member of New Braunfels Downtown Rotary Scholarship Golf Tournament Current Member of the New Braunfels Chamber & Transportation Committee Former Member of the Salvation Army Board Former Member of the City of New Braunfels Zoning Board of Adjustments Graduate, Leadership New Braunfels (New Braunfels Chamber) City of New Braunfels Bond Advisory Committee (Vice Chair) Attends Oakwood Baptist Church Education Bachelor of Business Administration, Concentration in Marketing at Southwest Texas State University 7
DEMOGRAPHICS REPORT 1 MILE 5 MILES 10 MILES Total households 457 14,125 34,106 Total persons per hh 2.9 2.7 2.8 Average hh income $72,611 $71,548 $70,488 Average house value $176,762 $176,983 1 MILE 5 MILES 10 MILES Total population 1,328 37,901 93,962 Median age 30.8 35.7 36.1 Median age (male) 29.2 34.2 34.8 Median age (female) 32.0 37.4 37.9 1 MILE 5 MILES 10 MILES Total population - White 1,106 33,538 81,711 % White 83.3% 88.5% 87.0% Total population - Black 32 620 1,885 % Black 2.4% 1.6% 2.0% Total population - Asian 0 209 684 % Asian 0.0% 0.6% 0.7% Total population - Hawaiian 0 1 14 % Hawaiian 0.0% 0.0% 0.0% Total population - Indian 43 395 599 % Indian 3.2% 1.0% 0.6% Total population - Other 87 2,244 7,163 % Other 6.6% 5.9% 7.6% 1 MILE 5 MILES 10 MILES Total population - Hispanic 483 13,537 34,213 % Hispanic 36.4% 35.7% 36.4% * Demographic data derived from 2010 US Census 8
Information About Brokerage Services Texas law requires all real estate license holders to give the following informa on about brokerage services to prospec ve buyers, tenants, sellers and landlords. 11-2-2015 TYPES OF REAL ESTATE LICENSE HOLDERS:. A BROKER is responsible for all brokerage ac vi es, 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 interests of the client above all others, including the broker s own interests; Inform the client of any material informa on about the property or transac on received by the broker; Answer the client s ques ons and present any o er to or counter-o er from the client; and Treat all par es to a real estate transac on honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A 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 wri en lis ng to sell or property management agreement. An owner's agent must perform the broker s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on 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 wri en representa on agreement. A buyer's agent must perform the broker s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must first obtain the wri en agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary: Must treat all par es to the transac on impar ally and fairly; May, with the par es' wri en consent, appoint a di erent license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. Must not, unless specifically authorized in wri ng to do so by the party, disclose: that the owner will accept a price less than the wri en asking price; that the buyer/tenant will pay a price greater than the price submi ed in a wri en o er; and any confiden al informa on or any other informa on that a party specifically instructs the broker in wri ng not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transac on without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker s du es and responsibili es to you, and your obliga ons under the representa on agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker s services. Please acknowledge receipt of this no ce below and retain a copy for your records. Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone Designated Broker of Firm License No. Email Phone Licensed Supervisor of Sales Agent/ Associate License No. Email Phone Sales Agent/Associate s Name License No. Email Phone Regulated by the Texas Real Estate Commission Buyer/Tenant/Seller/Landlord Initials Date Informa on available at www.trec.texas.gov IABS 1-0