red tree square - Retail Solutions

RED TREE SQUARE
5403-5465 Walzem Rd | Windcrest (San Antonio), Texas 78239
VALUE ADD CENTER
VALUE ADD CENTER
7.85% cap rate based on economic occupancy of 55.6%
Easy access & excellent visibility from Walzem Rd [40,732 VPD (CoSA 2002)]
Located approximately 1/2 mile east of the Rackspace Hosting corporate
headquarters, with approximately 4,800 employees worldwide
Approximately 97,000 people within 3 miles
PRICE:
$2,650,000
($44.05 PSF)
CAP RATE: 7.85%
BUILT:
1975
GLA:
60,160 SF
AREA RETAILERS
for more information:
Tim McBrearty
tim@retailsolutions.us
210.374.6111
www.retailsolutions.us
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or
representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change
of price; prior sale or lease; or withdrawal without notice. BROKER AND OWNER HEREBY ADVISE PROSPECTIVE PURCHASERS THAT A
CRAWL SPACE WATER PENETRATION CONDITION EXISTS, WHICH HAS RESULTED IN FOUNDATION MOVEMENT IN ONE OF THE
BUILDINGS, AND A PHASE I ENVIRONMENTAL SITE ASSESSMENT DISCLOSES THAT MULTIPLE DRY CLEANERS HAVE BEEN PRIOR
TENANTS IN THE PROPERTY AND THAT THE PROPERTY CONTAINS ASBESTOS. SEE BROKER FOR DETAILS.
Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC a Texas Limited Liability Company.
Red Tree Square
5403-5465 Walzem Rd | Windcrest (San Antonio), Texas 78239
VALUE ADD CENTER
Confidential Memorandum and Disclaimer
Please note that the use of this Offering Memorandum and the Information (“Information”) provided is subject to
the terms, provisions and limitations of the confidentiality agreement which we have provided to you (“Buyer”) and
requested an executed copy.
Brokerage Relationships: By taking possession of and reviewing the information contained herein, Buyer acknowledges that the
Listing Team of Retail Solutions (“Brokers”) are acting as Seller’s Agent in the disposition assignment for the property. Buyer
acknowledges receipt of the form entitled Information About Brokerage Services.
Non-disclosure of Information: By taking possession of and reviewing the Information contained herein, Buyer agrees not to
disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or the Property
owner (“Owner”) to any other person or entity except as permitted herein. Buyer shall take all appropriate precautions to limit the
dissemination of the Information only to those persons within the firm who need to know the Information. The phrase “within the
firm” shall be deemed to include outside attorneys, accountants and investors.
Disclaimer and Waiver: By taking possession of and reviewing the Information contained herein, Buyer understands and
acknowledges that neither Brokers nor Owner make any representations or warranty, expressed or implied, as to the accuracy or
completeness of any Information provided. Neither the Broker or the Owner shall have any liability whatsoever for the accuracy or
completeness of the Information contained herein or any other written or oral communication or Information transmitted or made
available or any action taken or decision made by the Buyer with respect to the Property. Buyer understands and acknowledges
that they should make their own investigations, projections and conclusions without reliance upon the Information contained
herein. Buyer assumes full and complete responsibility for confirmation and verification of all information received and expressly
waives all rights of recourse against Owner, Brokers and Retail Solutions.
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof.
The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. BROKER AND OWNER HEREBY ADVISE PROSPECTIVE
PURCHASERS THAT A CRAWL SPACE WATER PENETRATION CONDITION EXISTS, WHICH HAS RESULTED IN FOUNDATION MOVEMENT IN ONE OF THE BUILDINGS. SEE BROKER FOR DETAILS. Retail
Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Red Tree Square
5403-5465 Walzem Rd | Windcrest (San Antonio), Texas 78239
VALUE ADD CENTER
Investment Overview
Property Address
Location
County
Gross Leasable Area
Economic Occupancy
Year of Construction
Number of Buildings
Number of Tenants
NNNs
5403-5465 Walzem Rd, Windcrest, Texas
North side of Walzem Rd in a suburb of San Antonio
called Windcrest
Bexar
60,160 SF
55.6%*
1975
4
6*
$60,545 (2013 Actual)
FINANCIALS
Price
Capitalization Rate
Terms
$2,650,000
7.85%
Cash to Seller
INCOME & EXPENSE**
Rent
NNN Reimbursements
Total Gross Income
Operating Expenses
Net Operating Income
$293,381
$60,545
$353,926
$145,941
$207,985
OPERATING EXPENSES
Taxes
CAM/Mgmt
Insurance
TOTAL
$43,926***
$82,131
$19,884
$145,941
($0.73 PSF)
($1.37 PSF)
($0.33 PSF)
($2.43 PSF)
*Excludes Windcrest United Methodist Church (“WUMC”) occupied spaces. WUMC will vacate
all spaces they currently occupy on or before closing.
**Income is based on actual current income. Expenses are based on actual 2013 expenses.
***The spaces occupied by WUMC are tax exempt and as such excluded from this amount.
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof.
The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. BROKER AND OWNER HEREBY ADVISE PROSPECTIVE
PURCHASERS THAT A CRAWL SPACE WATER PENETRATION CONDITION EXISTS, WHICH HAS RESULTED IN FOUNDATION MOVEMENT IN ONE OF THE BUILDINGS. SEE BROKER FOR DETAILS. Retail
Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Red Tree Square
5403-5465 Walzem Rd | Windcrest (San Antonio), Texas 78239
VALUE ADD CENTER
Site Plan
NOT A
PART
Walzem Rd
1
2
3
4
5
Milan Institute
KS Dollar
AVAILABLE
SA Pediatric Clinic
WUMC
Tim McBrearty
tim@retailsolutions.us
210.374.6111
12,624 SF
12,333 SF
10,500 SF
5,222 SF
1,130 SF
6
7
8
9
10
WUMC
WUMC
Pharmacy
WUMC
WUMC
2,170 SF
3,480 SF
1,522 SF
1,120 SF
1,505 SF
11
12
13
14
15
WUMC
Barber Shop
WUMC
WUMC
Insurance Office
1,200 SF
793 SF
1,824 SF
3,800 SF
937 SF
For More Information:
www.retailsolutions.us
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof.
The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. BROKER AND OWNER HEREBY ADVISE PROSPECTIVE
PURCHASERS THAT A CRAWL SPACE WATER PENETRATION CONDITION EXISTS, WHICH HAS RESULTED IN FOUNDATION MOVEMENT IN ONE OF THE BUILDINGS. SEE BROKER FOR DETAILS. Retail
Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Red Tree Square
5403-5465 Walzem Rd | Windcrest (San Antonio), Texas 78239
VALUE ADD CENTER
Region Map
Tim McBrearty
tim@retailsolutions.us
210.374.6111
For More Information:
www.retailsolutions.us
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof.
The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. BROKER AND OWNER HEREBY ADVISE PROSPECTIVE
PURCHASERS THAT A CRAWL SPACE WATER PENETRATION CONDITION EXISTS, WHICH HAS RESULTED IN FOUNDATION MOVEMENT IN ONE OF THE BUILDINGS. SEE BROKER FOR DETAILS. Retail
Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Red Tree Square
5403-5465 Walzem Rd | Windcrest (San Antonio), Texas 78239
VALUE ADD CENTER
Map of San Antonio
Tim McBrearty
tim@retailsolutions.us
210.374.6111
For More Information:
www.retailsolutions.us
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof.
The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. BROKER AND OWNER HEREBY ADVISE PROSPECTIVE
PURCHASERS THAT A CRAWL SPACE WATER PENETRATION CONDITION EXISTS, WHICH HAS RESULTED IN FOUNDATION MOVEMENT IN ONE OF THE BUILDINGS. SEE BROKER FOR DETAILS. Retail
Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Red Tree Square
5403-5465 Walzem Rd | Windcrest (San Antonio), Texas 78239
VALUE ADD CENTER
Aerial
Tim McBrearty
tim@retailsolutions.us
210.374.6111
For More Information:
www.retailsolutions.us
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof.
The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. BROKER AND OWNER HEREBY ADVISE PROSPECTIVE
PURCHASERS THAT A CRAWL SPACE WATER PENETRATION CONDITION EXISTS, WHICH HAS RESULTED IN FOUNDATION MOVEMENT IN ONE OF THE BUILDINGS. SEE BROKER FOR DETAILS. Retail
Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Red Tree Square
5403-5465 Walzem Rd | Windcrest (San Antonio), Texas 78239
VALUE ADD CENTER
Basic Summary Report
STI Popstats 2Q 2013
5403 Walzem Rd San Antonio, TX 78218
6 September 2013
Demographics
POPULATION
2000 Population
2010 Population
2013 Population
% Growth 2000 - 2010
% Growth 2013 - 2018
HOUSEHOLDS
2013 Households
Avg Household Size
EMPLOYMENT
2013 Total Employers
2013 Workplace Employees
RACE
% White
% Hispanic
% Black
% Asian
% Other
White
Hispanic
Black
Asian
Other
HOUSING
% Renter Occupied Housing Units
% Owner Occupied Housing Units
INCOME
2013 Median Household Income
2013 Average Household Income
2013 Per Capita Income
COLLEGE EDUCATION (Age 25+)
% < 9th Grade
% Some High School
% High School
% Some College
% College - Associates Degree
% College - Bachelors Degree
% College - Masters Degree
% College - Professional Degree
% College - Doctorate Degree
AGE
Median Age
Coordinates Longitude:
Latitude:
-98.382372
29.510360
1 MILE
RING
3.14 SQ/MI
2 MILE
RING
12.56 SQ/MI
3 MILE
RING
28.27 SQ/MI
5 MILE
RING
78.53 SQ/MI
8,175
9,378
9,653
37,138
42,571
44,335
82,612
94,917
99,922
209,791
247,527
259,444
12.8%
6.2%
12.8%
6.4%
13.0%
7.8%
15.2%
6.2%
3,840
16,397
37,317
95,663
2.7
2.6
2.8
2.7
293
6,615
970
19,618
2,152
43,551
5,484
111,850
38.7%
35.4%
19.6%
3.9%
2.4%
29.6%
46.4%
18.5%
3.1%
2.5%
31.3%
45.4%
17.8%
2.9%
2.6%
37.8%
41.7%
15.4%
2.5%
2.7%
3,733
3,416
1,895
372
235
13,144
20,553
8,182
1,357
1,099
31,274
45,364
17,781
2,928
2,574
97,956
108,080
39,977
6,478
6,953
40.4%
59.6%
40.7%
59.3%
42.4%
57.6%
38.7%
61.3%
$50,898
$56,030
$20,628
$44,618
$51,763
$20,525
$48,472
$56,401
$21,685
$54,552
$64,404
$26,110
5.7%
8.0%
28.2%
24.1%
9.3%
13.7%
8.4%
1.2%
1.3%
6.8%
10.9%
29.7%
26.5%
8.6%
10.3%
5.4%
0.9%
0.9%
6.9%
9.0%
28.3%
27.7%
8.6%
12.5%
5.2%
1.1%
0.7%
5.0%
7.0%
26.0%
28.5%
9.1%
15.9%
6.4%
1.4%
0.8%
33.8
31.8
31.6
31.9
Data Source:
©contained
2007 Pitney
Bowes
MapInfo.
Rights
Reserved.
Page
1
The information
herein
was obtained
fromAll
sources
deemed
reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness
or accuracy
thereof.
The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. BROKER AND OWNER HEREBY ADVISE PROSPECTIVE
PURCHASERS THAT A CRAWL SPACE WATER PENETRATION CONDITION EXISTS, WHICH HAS RESULTED IN FOUNDATION MOVEMENT IN ONE OF THE BUILDINGS. SEE BROKER FOR DETAILS. Retail
Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Red Tree Square
5403-5465 Walzem Rd | Windcrest (San Antonio), Texas 78239
VALUE ADD CENTER
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof.
The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. BROKER AND OWNER HEREBY ADVISE PROSPECTIVE
PURCHASERS THAT A CRAWL SPACE WATER PENETRATION CONDITION EXISTS, WHICH HAS RESULTED IN FOUNDATION MOVEMENT IN ONE OF THE BUILDINGS. SEE BROKER FOR DETAILS. Retail
Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.