Potranco Place - REOC San Antonio
Transcription
Potranco Place - REOC San Antonio
Potranco Place 1,619 SF For Lease 8815 Potranco Rd New construction C. Michael Morse R EOC S A N A N TO N I O Blake M. Bonner Vice President, Brokerage Services Senior Vice President, Director of Brokerage Direct Line 210 524 1305 Direct Line 210 524 1312 bbonner@reocsanantonio.com mmorse@reocsanantonio.com 210 524 4000 8023 Vantage Drive, Suite 1200 San Antonio TX 78230 reocsanantonio.com R EOC S A N A N TO N I O Table of Contents SECTION 1 Property Summary SECTION 2 Quote Sheet SECTION 3 Maps SECTION 4 Plan SECTION 5 San Antonio Overview SECTION 6 Market Snapshot SECTION 7 Demographics SECTION 8 TREC Agency Disclosure C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com 210 524 4000 © 2016 REOC San Antonio. REOC San Antonio is a licensed Real Estate broker in the State of Texas operating under REOC General Partner, LLC. The information contained herein is deemed accurate as it has been reported to us by reliable sources. As such, we can make no warranty or representation as to the accuracy or completeness thereof. Further, the property is presented subject to availability, change in price or terms, prior sale or lease, or withdrawal from the market. R EOC S A N A N TO N I O Property Summary Address 8815 Potranco Rd Comments Location Hwy 151 and Potranco Excellent visibility Property Details 7,296 SF Building 1.00 Acres Quick access to Hwy 151, Loop 410 Excellent location in rapidly growing area Legal Description NCB 17643 (THE CORNER AT POTRANCO), BLOCK 31 LOT 2 Easy ingress/egress to adjacent thoroughfares Surrounded by national retailers New construction Zoning C-3 Ideal for a wide variety of commercial uses Year Built 2015 Surrounded by numerous subdivisions and multi-family housing and hotel Floors 1 Road Frontage 145.2 sf Located within miles of major employers such as NSA, QVC, Nationwide Insurance, and Sea World Utilities All in place Traffic Counts Hwy 151 at Potranco Rd; 102,258 vpd (2014) Source: TxDOT Statewide Planning Map C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com 210 524 4000 REOC San Antonio believes this information to be accurate but makes no representations or warranties as to the accuracy of this information. R EOC S A N A N TO N I O Quote Sheet Square Footage Available Largest Available Area Largest Contiguous Area Smallest Available Space Total Available Base Rental $23.00/SF NNN First Month’s Rental Due upon execution of lease document by Tenant Triple Net $8.00 Term Minimum five (5) year lease TI Allowance Deposit 1,619 3,238 1,619 3,238 (Note: All above figures in Rentable Square Feet) $25 - $30 (Depends on credit and term) Equal to one (1) month’s Base Rental (typical) Financial Information Required prior to submission of lease document by Landlord Disclosure A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and returned to Landlord’s leasing representative. C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com Actual Base Rental under any proposed lease is a function of the relationship of expense and income characteristics, credit worthiness of tenant, condition of space leased, leasehold input allowances, term of lease and other factors deemed important by the Landlord. 210 524 4000 This Quote Sheet does not constitute an offer. Neither this document nor any oral discussions between the parties is intended to be a legally binding agreement, but merely expresses terms and conditions upon which the Landlord may be willing to enter into an agreement. This Quote Sheet is subject to modification, prior leasing or withdrawal without notice and neither party hereto shall be bound until definitive written agreements are executed by and delivered to all parties to the transaction. The information provided herein is deemed reliable, however, no warranties or representations as to the accuracy are intended, whether expressed or implied. R EOC S A N A N TO N I O C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com 210 524 4000 City Location Map R EOC S A N A N TO N I O C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com 210 524 4000 Aerial Map R EOC S A N A N TO N I O C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com 210 524 4000 Aerial Map R EOC S A N A N TO N I O C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com 210 524 4000 Site Aerial R EOC S A N A N TO N I O C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com 210 524 4000 Plan San Antonio Overview Largest U.S. Cities 1,711,703 2,142,508 2,318,052 2,524,054 Ethnicity Total Households 2000 Census 2010 Census 2015 Estimate 2020 Projection Median Age 1 New York 2 Los Angeles 3 Chicago 4 Houston 5 Philadelphia 6 Phoenix 7 San Antonio 8 San Diego 9 Dallas 10 San Jose Population San Antonio-New Braunfels Metro Area 32.9 34.1 34.8 35.6 74.2% 7% 0.8% 2.3% 601,265 763,022 829,834 906,792 12% $51,426 $62,458 $72,664 $82,673 Black Alone American Indian Alone $39,029 $50,146 $52,913 $60,771 Per Capita Income 2000 Census 2010 Census 2015 Estimate 2020 Projection Median Household Income 3.5% Avg. Household Income R EOC S A N A N TO N I O Asian Alone Some Other Race Alone $18,443 $22,135 $26,383 $30,048 Two or More Races White Alone 45% Dallas 280 miles Major Industries Austin 80 miles San Antonio C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Houston 200 miles bbonner@reocsanantonio.com 210 524 4000 55% Hospitality/Tourism Hospitality & Tourism Hispanic Origin (Any Race) Non-Hispanic Military Military Corpus Laredo/ Christi Nvo. Laredo 145 miles 150 miles Real Estate & Construction Real Estate & Construction Fortune 500 Companies Rankings SAT US Finance Finance Mexico City 900 miles Health& Care & Bioscience Health Care Bioscience Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 Major Industries Manufacturing Manufacturing Located in South Central Texas within Bexar County, San Antonio occupies approximately 504 square miles. Situated about 140 miles north of the Gulf of Mexico where the Gulf Coastal Plain and Texas Hill Country meet. $0 $0 $5 $5 $10 $15 $10 $15 In Billions $20 $20 $25 $25 $30 $30 Sources: U.S. Census; ESRI 2015 Estimates; U.S. Census Bureau 2010, ESRI forecasts for 2015 & 2020; Fortune 2015 Rankings 1 Valero Energy 13 2 Tesoro Corp 77 3 USAA 122 4 CST Brands, Inc 277 5 iHeart Media 429 6 NuStar Energy 741 R EOC S A N A N TO N I O San Antonio Retail Report Retail Market Snapshot - 2Q 2016 Second Quarter 2016 Citywide CBD/South 2Q 2016 C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com All Types Inventory Direct Vacant %Vacant Average Rent 2Q Absorption YTD Absorption 48,192,986 3,759,905 7.8% $16.01 542,735 754,861 Regional Malls Inventory Direct Vacant %Vacant 2Q Absorption YTD Absorption 2Q 2015 Non-CBD/North 2Q 2016 2Q 2016 2Q 2015 6,244,326 580,536 9.3% $15.27 (1,377) 27,949 All Types Inventory Direct Vacant %Vacant Average Rent 2Q Absorption YTD Absorption 41,416,883 3,390,532 8.2% $15.98 35,349 240,511 40,919,197 4,141,440 10.1% $15.26 67,339 202,530 1,854,483 10,000 0.5% 478,363 478,363 1,861,120 170,000 9.1% 0 0 Regional Malls Inventory Direct Vacant %Vacant 2Q Absorption YTD Absorption 5,595,965 45,739 0.8% 4,748 4,748 5,575,725 104,364 1.9% 7,574 7,574 1,433,062 52,297 3.6% $21.79 56,879 61,129 847,358 22,814 2.7% $20.62 2,495 2,495 Power Centers Inventory Direct Vacant %Vacant Average Rent 2Q Absorption YTD Absorption 11,759,432 701,970 6.0% $22.68 45,216 57,288 11,759,441 1,160,938 9.9% $21.50 (9,689) (12,097) 964,703 24,312 2.5% $15.00 0 (4,918) 964,703 74,582 7.7% $16.77 0 0 Community Centers Inventory Direct Vacant %Vacant Average Rent 2Q Absorption YTD Absorption 5,612,826 408,015 7.3% $17.11 (43,067) 1,286 5,574,656 352,671 6.3% $14.62 64,897 162,632 Neighborhood Centers Inventory 2,349,853 Direct Vacant 270,686 %Vacant 11.5% Average Rent $14.56 2Q Absorption (27,856) YTD Absorption (27,611) 2,380,543 277,075 11.6% $13.80 (2,582) 26,744 Neighborhood Centers Inventory 16,210,957 Direct Vacant 1,940,697 %Vacant 12.0% Average Rent $13.92 2Q Absorption 30,489 YTD Absorption 154,381 15,807,468 2,224,010 14.1% $13.60 7,025 57,903 47,163,523 4,721,976 10.0% $15.26 65,962 230,479 All Types Inventory Direct Vacant %Vacant Average Rent 2Q Absorption YTD Absorption 6,776,103 369,373 5.5% $16.42 507,386 514,350 7,450,448 55,739 0.7% 483,111 483,111 7,436,845 274,364 3.7% 7,574 7,574 Regional Malls Inventory Direct Vacant %Vacant 2Q Absorption YTD Absorption Power Centers (250K+ sf) Inventory 13,192,494 Direct Vacant 754,267 %Vacant 5.7% Average Rent $22.61 2Q Absorption 102,095 YTD Absorption 118,417 12,606,799 1,183,752 9.4% $21.44 (7,194) (9,602) Power Centers Inventory Direct Vacant %Vacant Average Rent 2Q Absorption YTD Absorption Community Centers (100K-249K sf) Inventory 6,577,529 Direct Vacant 432,327 %Vacant 6.6% Average Rent $16.94 2Q Absorption (43,067) YTD Absorption (3,632) 6,539,359 427,253 6.5% $14.70 64,897 162,632 Neighborhood Centers (30K-99K sf) Inventory 18,560,810 Direct Vacant 2,211,383 %Vacant 11.9% Average Rent $13.98 2Q Absorption 2,633 YTD Absorption 126,770 18,188,011 2,501,085 13.8% $13.62 4,443 84,647 Community Centers Inventory Direct Vacant %Vacant Average Rent 2Q Absorption YTD Absorption Blake M. Bonner Strip Centers (Less than 30K sf) Inventory 2,411,705 Direct Vacant 306,189 %Vacant 12.7% Average Rent $15.57 2Q Absorption (2,037) YTD Absorption 30,195 bbonner@reocsanantonio.com Analysis by REOC San Antonio based on data provided by Xceligent and approved by the San Antonio Retail Advisory Board. Statistical information is calculated on multi-tenant centers totaling 20,000 sf and larger (including both leaseable and separately owned inline space). Rental rates reflect non-weighted strict average asking rates quoted on an annual triple net basis (excluding regional malls). Senior Vice President, Director of Brokerage Direct Line 210 524 1305 210 524 4000 2,392,509 335,522 14.0% $14.39 (3,758) (14,772) Strip Centers Inventory Direct Vacant %Vacant Average Rent 2Q Absorption YTD Absorption 2Q 2015 174,002 12,078 6.9% $19.48 0 7,387 190,602 36,065 18.9% $19.45 (1,290) (1,290) Strip Centers Inventory Direct Vacant %Vacant Average Rent 2Q Absorption YTD Absorption 2,237,703 294,111 13.1% $15.36 (2,037) 22,808 2,201,907 299,457 13.6% $14.03 (2,468) (13,482) R EOC S A N A N TO N I O Demographics: 1-Mile Demographic and Income Profile Potranco Place Potranco Rd, San Antonio, Texas, 78253 Ring: 1 mile radius Summary Prepared by Esri Latitude: 29.42309 Longitude: -98.75784 Census 2010 2016 2021 2,914 5,012 12,823 Households 886 1,494 3,844 Families 700 1,181 3,032 3.24 3.33 3.33 686 1,168 2,970 Population Average Household Size Owner Occupied Housing Units Renter Occupied Housing Units 200 326 874 33.8 35.0 36.1 Area 20.67% 20.81% 20.75% 20.52% 0.48% State 1.63% 1.58% 1.52% 1.52% 1.86% National 0.84% 0.79% 0.72% 0.73% 1.86% 2021 Median Age Trends: 2016 - 2021 Annual Rate Population Households Families Owner HHs Median Household Income 2016 Households by Income Number Percent Number <$15,000 46 3.1% 111 2.9% $15,000 - $24,999 43 2.9% 106 2.8% $25,000 - $34,999 76 5.1% 197 5.1% $35,000 - $49,999 109 7.3% 229 6.0% $50,000 - $74,999 178 11.9% 391 10.2% $75,000 - $99,999 280 18.7% 676 17.6% $100,000 - $149,999 559 37.4% 1,623 42.2% $150,000 - $199,999 152 10.2% 388 10.1% 51 3.4% 126 3.3% $200,000+ Median Household Income Average Household Income $100,611 $101,300 Per Capita Income Population by Age Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com 210 524 4000 $103,040 $106,138 $33,167 Census 2010 C. Michael Morse Percent $34,898 2016 2021 Number Percent Number Percent Number 0-4 254 8.7% 421 8.4% 1,033 Percent 8.1% 5-9 259 8.9% 419 8.4% 1,054 8.2% 10 - 14 234 8.0% 425 8.5% 950 7.4% 15 - 19 192 6.6% 313 6.2% 796 6.2% 20 - 24 132 4.5% 258 5.1% 532 4.1% 25 - 34 445 15.3% 665 13.3% 1,788 13.9% 35 - 44 461 15.8% 822 16.4% 2,132 16.6% 45 - 54 322 11.0% 571 11.4% 1,445 11.3% 55 - 64 220 7.5% 428 8.5% 1,106 8.6% 65 - 74 131 4.5% 266 5.3% 919 7.2% 75 - 84 139 4.8% 228 4.6% 617 4.8% 126 4.3% 194 3.9% 452 3.5% Number Percent Number Percent Number Percent White Alone 2,234 76.7% 3,762 75.1% 9,520 74.2% Black Alone 246 8.4% 447 8.9% 1,155 9.0% American Indian Alone 15 0.5% 26 0.5% 67 0.5% Asian Alone 88 3.0% 161 3.2% 454 3.5% 85+ Census 2010 Race and Ethnicity Pacific Islander Alone 2016 2021 10 0.3% 21 0.4% 58 0.5% Some Other Race Alone 204 7.0% 376 7.5% 992 7.7% Two or More Races 117 4.0% 219 4.4% 577 4.5% 1,292 44.3% 2,402 47.9% 6,413 50.0% Hispanic Origin (Any Race) Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. July 28, 2016 R EOC S A N A N TO N I O Demographics: 3-Mile Demographic and Income Profile Potranco Place Potranco Rd, San Antonio, Texas, 78253 Ring: 3 mile radius Summary Prepared by Esri Latitude: 29.42309 Longitude: -98.75784 Census 2010 2016 2021 23,693 35,395 53,791 Households 7,363 10,923 16,784 Families 6,139 8,876 13,496 Population Average Household Size 3.21 3.23 3.20 Owner Occupied Housing Units 5,982 8,595 12,836 Renter Occupied Housing Units 1,381 2,328 3,948 30.9 32.6 33.7 Area State National Population Households Families 8.73% 8.97% 8.74% 1.63% 1.58% 1.52% 0.84% 0.79% 0.72% Owner HHs Median Household Income 8.35% 1.64% 1.52% 1.86% 0.73% 1.86% Median Age Trends: 2016 - 2021 Annual Rate 2016 Households by Income Percent Number Percent <$15,000 474 4.3% 657 3.9% $15,000 - $24,999 413 3.8% 603 3.6% $25,000 - $34,999 596 5.5% 973 5.8% $35,000 - $49,999 1,140 10.4% 1,378 8.2% $50,000 - $74,999 2,090 19.1% 2,649 15.8% $75,000 - $99,999 2,135 19.5% 3,367 20.1% $100,000 - $149,999 3,031 27.7% 5,404 32.2% $150,000 - $199,999 748 6.8% 1,272 7.6% $200,000+ 297 2.7% 480 2.9% Median Household Income Average Household Income $81,880 $89,304 Per Capita Income Population by Age Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com 210 524 4000 $88,797 $96,033 $28,124 Census 2010 C. Michael Morse 2021 Number $30,787 2016 2021 Number Percent Number Percent Number Percent 0-4 2,147 9.1% 3,083 8.7% 4,581 8.5% 5-9 2,295 9.7% 3,010 8.5% 4,479 8.3% 10 - 14 2,204 9.3% 3,039 8.6% 4,142 7.7% 15 - 19 1,839 7.8% 2,493 7.0% 3,580 6.7% 20 - 24 1,191 5.0% 2,187 6.2% 2,726 5.1% 25 - 34 3,955 16.7% 5,228 14.8% 8,605 16.0% 35 - 44 3,998 16.9% 5,819 16.4% 8,796 16.4% 45 - 54 2,906 12.3% 4,444 12.6% 6,011 11.2% 55 - 64 1,639 6.9% 2,944 8.3% 4,641 8.6% 65 - 74 807 3.4% 1,704 4.8% 3,241 6.0% 75 - 84 454 1.9% 911 2.6% 1,851 3.4% 259 1.1% 534 1.5% 1,136 2.1% Number Percent Number Percent Number Percent White Alone 17,251 72.8% 25,103 70.9% 38,079 70.8% Black Alone 2,440 10.3% 3,772 10.7% 5,624 10.5% American Indian Alone 177 0.7% 280 0.8% 405 0.8% Asian Alone 711 3.0% 1,170 3.3% 1,985 3.7% 85+ Census 2010 Race and Ethnicity Pacific Islander Alone 2016 2021 55 0.2% 87 0.2% 159 0.3% Some Other Race Alone 1,925 8.1% 3,159 8.9% 4,752 8.8% Two or More Races 1,134 4.8% 1,825 5.2% 2,786 5.2% 11,200 47.3% 17,601 49.7% 27,521 51.2% Hispanic Origin (Any Race) Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. July 28, 2016 R EOC S A N A N TO N I O Demographics: 5-Mile Demographic and Income Profile Potranco Place Potranco Rd, San Antonio, Texas, 78253 Ring: 5 mile radius Summary Prepared by Esri Latitude: 29.42309 Longitude: -98.75784 Census 2010 2016 2021 Population 79,789 107,625 139,183 Households 24,781 33,442 43,890 Families 19,950 26,666 34,736 3.13 3.15 3.12 Owner Occupied Housing Units 19,275 25,438 32,808 Renter Occupied Housing Units 5,506 8,004 11,082 30.6 32.1 32.6 Area 5.28% 5.59% 5.43% 5.22% 2.08% State 1.63% 1.58% 1.52% 1.52% 1.86% National 0.84% 0.79% 0.72% 0.73% 1.86% 2021 Average Household Size Median Age Trends: 2016 - 2021 Annual Rate Population Households Families Owner HHs Median Household Income 2016 Households by Income Number Percent Number <$15,000 1,659 5.0% 2,056 4.7% $15,000 - $24,999 1,667 5.0% 2,129 4.9% $25,000 - $34,999 2,461 7.4% 3,473 7.9% $35,000 - $49,999 4,149 12.4% 4,049 9.2% $50,000 - $74,999 7,697 23.0% 8,491 19.3% $75,000 - $99,999 6,390 19.1% 9,116 20.8% $100,000 - $149,999 6,517 19.5% 10,343 23.6% $150,000 - $199,999 1,901 5.7% 2,845 6.5% $200,000+ 1,001 3.0% 1,388 3.2% Median Household Income Average Household Income Per Capita Income $70,821 $82,404 $26,028 Census 2010 Population by Age C. Michael Morse Vice President, Brokerage Services Direct Line 210 524 1312 mmorse@reocsanantonio.com Blake M. Bonner Senior Vice President, Director of Brokerage Direct Line 210 524 1305 bbonner@reocsanantonio.com 210 524 4000 Percent $78,481 $89,233 $28,481 2016 2021 Number Percent Number Percent Number Percent 0-4 7,128 8.9% 9,325 8.7% 12,054 8.7% 5-9 7,311 9.2% 9,051 8.4% 11,707 8.4% 10 - 14 6,937 8.7% 8,961 8.3% 11,076 8.0% 15 - 19 6,039 7.6% 7,431 6.9% 9,449 6.8% 20 - 24 4,713 5.9% 6,989 6.5% 7,710 5.5% 25 - 34 14,324 18.0% 17,557 16.3% 23,639 17.0% 35 - 44 12,596 15.8% 17,212 16.0% 22,690 16.3% 45 - 54 9,740 12.2% 12,991 12.1% 15,225 10.9% 55 - 64 6,077 7.6% 9,284 8.6% 11,682 8.4% 65 - 74 3,014 3.8% 5,471 5.1% 8,087 5.8% 75 - 84 1,377 1.7% 2,350 2.2% 3,962 2.8% 534 0.7% 1,003 0.9% 1,903 1.4% Number Percent Number Percent Number White Alone 56,656 71.0% 75,024 69.7% 96,776 69.5% Black Alone 7,488 9.4% 10,604 9.9% 13,923 10.0% 85+ Census 2010 Race and Ethnicity American Indian Alone Asian Alone Pacific Islander Alone 2016 2021 Percent 651 0.8% 880 0.8% 1,114 0.8% 2,128 2.7% 3,286 3.1% 4,820 3.5% 159 0.2% 228 0.2% 335 0.2% Some Other Race Alone 9,159 11.5% 12,536 11.6% 15,518 11.1% Two or More Races 3,547 4.4% 5,068 4.7% 6,697 4.8% 45,513 57.0% 62,077 57.7% 80,796 58.1% Hispanic Origin (Any Race) Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. July 28, 2016 Information About Brokerage Services Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: 11-2-2015 • A BROKER is responsible for all brokerage activities, 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 information about the property or transaction received by the broker; Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction 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 written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information 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 written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and any confidential information or any other information that a party specifically instructs the broker in writing 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 transaction 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 duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. Email bharris@reocsanantonio.com N/A N/A Email N/A Phone (210)524-4000 LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records. 493853 License No. Phone REOC General Partner, LLC Licensed Broker/Broker Firm Name or Primary Assumed Business Name License No. Email (210)524-4000 Email Phone N/A Phone IABS Form - Br IABS 1-0 Information available at www.trec.texas.gov Date (210)524-4000 License No. mmorse@reocsanantonio.com bharris@reocsanantonio.com Designated Broker of Firm 629643 Christopher Michael Morse 405243 Licensed Supervisor of Sales Agent/ Associate License No. Brian Dale Harris Sales Agent/Associate's Name Buyer/Tenant/Seller/Landlord Initials Regulated by the Texas Real Estate Commission TAR 2501 REOC San Antonio 1826 N. Loop 1604 W. Suite 250 San Antonio, TX 78248 Phone: 2105244000 Fax:2105244029 Blake Bonner Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com