INVESTMENT SALES GROUP - LoopNet

OFFERING MEMORANDUM

INVESTMENT SALES GROUP

Oak Creek2710 W. Walnut StreetGarland, TX 75042 FOR MORE INFORMATION, CONTACT:

Todd Franks | Managing Director972.916.9397 | [email protected]

CALL F

OR OFFERS

March 7

, 2019

FOR MORE INFORMATiON CONTACT:

Todd FranksManaging Director

[email protected]


Oak Creek OFFERING MEMORANDUM

CONTENTSProperty Overview............... 6-7

Property Photos ................10-13

Financial Overview ........... 16-21

Comparables .................... 24-27

Aerial Overview ..................... 30

Market Overview ............. 34-37

Disclaimer ................................38

6320 LBJ Freeway, Suite 228Dallas, TX 75240

214-206-9559 •svn-isg.com


4 OAK CREEK OFFERING MEMORANDUM

OAK CREEK OFFERING MEMORANDUM 5

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PROPERTY OVERVIEWSVN | Investment Sales Group is proud to announce the exclusive listing of Oak Creek Apartments located in Garland, TX, a suburb located immediately north east of Dallas, TX. Constructed in 1964, Oak Creek is comprised of four 2-story brick and siding buildings underneath a combination pitched composition and flat roofs. The property has a favorable unit mix comprised of 85% two and three bedroom units. The property is master metered for all utilities and operates as "All Bills Paid," with HVAC and hot water being provided though a two pipe chiller. Though the property operates as "All Bills Paid" there are submeters which a new owner could utilize to have the residents be responsible for the own electric bills.

STRONG LOCATIONThe location offers easy commuter access to downtown Dallas, which employs more than 135,000 people. It is also located just 11-miles from the Greater Legacy Corridor which is home to the corporate headquarters of Toyota, Boeing, JCPenney, Frito Lay, Ericcson, and more. The Garland market has seen a 10.9% increase in median home value over the past 12 months, and shows no sign of slowing down with Zillow forecast showing it increasing another 10.1% through November of 2019 (Zillow.com - January 2019). The property is also just over 1-mile from historical downtown Garland, which is home to numerous independently owned and operated restaurants, museums, and shops. The property is served by Garland ISD and is just 400 yards from Walnut Glen Elementary School (rated 10 out of 10 on greatschools.com). The site has excellent visibility facing West Walnut Street with over 15,000 vehicles passing by the property each day.

OAK CREEK SUMMARY

Sale Price Market

Number of Units 109

Rentable SF 90,088 SF

Lot Size ± 3.92 AC

Year Built 1964

Zoning Multifamily

Market DFW

Submarket Garland - Central

Cross Streets West Walnut Street & North Shiloh Road

INVESTMENT HIGHLIGHTS• All Bills Paid property with ability to

implement and utilize the electric submeters

• Onsite laundry facility

• Owner implemented a water conservation

program which will save $82,500/year in

water and sewage costs.

• Value add opportunity by renovating interiors

and exteriors

• Several schools within walking distance, ideal

for families

• Offered free and clear of debt

EXECUTIVE SUMMARY


Garland Independent School District offers a "Choice of School" program, allowing residents to choose the best school for their family's needs. This includes the Walnut Glen Academy Elementary School (Rated a 10 of 10 by GreatSchools.com) just 1/4 of a mile from the property.

DART bus stop located at West Walnut Street and King Lane, provides service to the Spring Valley and Downtown Garland rail stations which connect into downtown Dallas, the Medical District, and DFW Airport via the red and blue rail lines.

Strategically located roughly 2 1/2-miles north of I-635 (Loop) and 2 1/2-miles west of the State Highway 78, providing easy commuter access to the entire DFW Metroplex.

High traffic count of 15,533 cars per day on West Walnut Street making the property highly visible.

Approximately 1-mile from Historic Downtown Garland which is home to numerous unique shops, restaurants, museums, and galleries that are independently owned and operated.

Approximately 11-miles from the Dallas CBD which employs over 135,000 people and Legacy West ($5 billion mile).

Desirable submarket with consistent occupancy rates (between 94.5% and 96.2%) and effective rental rates which have increased 6.2% over the past twelve months (properties constructed prior to 1980)

LOCATION HIGHLIGHTS

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AERIAL VIEW TO SOUTHDALLAS CBD


OAK CREEK

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PROPERTY PHOTOS


INTERIOR PHOTOS

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Type # Units SF/Unit Total SF Effective Rent Effective $/Sq.Ft.

Market Rent

Market $/Sq.Ft.

Pro Forma Rent

Pro Forma $/Sq.Ft.

1 x 1 16 568 9,088 $767 $1.35 $795 $1.40 $820 $1.44

2 x 1 73 840 61,320 $857 $1.02 $875 $1.04 $930 $1.11

3 x 1 8 960 7,680 $938 $0.98 $975 $1.02 $1,040 $1.08

3 x 2 12 1,000 12,000 $968 $0.97 $985 $0.99 $1,050 $1.05

TOTAL 109 826 90,088 $862 $1.04 $883 $1.07 $935 $1.13

UNIT MIX

One Bedroom15%

Three Bedroom18%

Two Bedroom67%

FINANCIAL OVERVIEW


Market Rent/Unit Pro Forma Rent/UnitEffective Rent/Unit

AVERAGE RENT COMPARISON

UNIT MIX


As of December 2018 T-12 T-6 T-3 T-1 Pro Forma

$/Unit Annualized Annualized Annualized Annualized Projection

INCOME

Potential Market Rent $10,592 $1,154,580 $1,154,580 $1,154,580 $1,154,580 $1,223,160

Loss-to-Lease/Gain-to-Lease 2% (23,250) (23,250) (23,250) (23,250) (11,625)

Economic Vacancy 8% (94,806) (98,697) (76,393) (61,054) (61,158)

Base Rental Revenue $9,509 $1,036,524 $1,032,633 $1,054,937 $1,070,276 $1,150,377

RUB Income 575 62,655 62,655 62,655 62,655 97,380

Other Income 329 35,870 35,870 35,870 35,870 35,870

Total Other Income $904 $98,526 $98,526 $98,526 $98,526 $133,250

Effective Gross Revenue $10,413 $1,135,050 $1,131,159 $1,153,463 $1,168,802 $1,283,627

EXPENSE

Repairs & Maintenance 490 53,422 53,422 53,422 53,422 53,422

Contract Services 327 35,690 35,690 35,690 35,690 35,690

Payroll 1,000 109,000 109,000 109,000 109,000 109,000

Advertising/Promotions 46 5,014 5,014 5,014 5,014 5,014

Administration/Misc. 88 9,577 9,577 9,577 9,577 9,577

Electricity 1,128 122,915 122,915 122,915 122,915 122,915

Water & Sewer 1,023 111,545 111,545 111,545 111,545 111,545

Gas 316 34,399 34,399 34,399 34,399 34,399

Real Estate Taxes 1,449 157,995 157,995 157,995 157,995 157,995

Insurance 245 26,657 26,657 26,657 26,657 26,657

Management Fee (3%) 312 34,051 33,935 34,604 35,064 38,509

Total Expenses $6,424 $700,265 $700,149 $700,818 $701,278 $704,723

Net Operating Income $434,784 $431,010 $452,645 $467,524 $578,905

TRENDING ANALYSIS

FINANCIAL OVERVIEW


TRENDING ANALYSIS


Current Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8

INCOME

Potential Market Rent $1,154,580 $1,188,870 $1,223,160 $1,259,855 $1,297,650 $1,336,580 $1,376,677 $1,417,978 $1,460,517

(Loss to Lease) / Gain to Lease (23,250) 2.0% (11,625) 1.0% (17,145) 1.4% (18,347) 1.5% (18,898) 1.5% (19,465) 1.5% (20,049) 1.5% (20,650) 1.5% (21,270) 1.5%

Gross Potential Revenue $1,131,330 $1,177,245 $1,206,015 $1,241,507 $1,278,753 $1,317,115 $1,356,629 $1,397,328 $1,439,247

RENTAL LOSSES

Vacancy (76,393) 6.6% (68,775) 5.8% (61,158) 5.0% (62,993) 5.0% (64,883) 5.0% (66,829) 5.0% (68,834) 5.0% (70,899) 5.0% (73,026) 5.0%

Base Rental Revenue $1,054,937 $1,108,470 $1,144,857 $1,178,515 $1,213,870 $1,250,286 $1,287,795 $1,326,429 $1,366,221

OTHER INCOME

Other Residential Income 35,870 $329 35,870 $329 36,947 $339 38,055 $349 39,197 $360 40,373 $370 41,584 $382 42,831 $393 44,116 $405

RUB Income 62,655 $575 80,018 $734 97,380 $893 100,301 $920 103,310 $948 106,410 $976 109,602 $1,006 112,890 $1,036 116,277 $1,067

Total RUB & Other Income $98,526 $115,888 $134,327 $138,356 $142,507 $146,782 $151,186 $155,721 $160,393

Effective Gross Revenue $1,153,463 $1,224,358 $1,279,184 $1,316,871 $1,356,377 $1,397,069 $1,438,981 $1,482,150 $1,526,614

EXPENSES

Repairs & Maintenance 11,073 $102 53,422 $490 53,422 $490 55,025 $505 56,675 $520 58,375 $536 60,127 $552 61,931 $568 63,788 $585

Contract Services 17,306 $159 35,690 $327 35,690 $327 36,760 $337 37,863 $347 38,999 $358 40,169 $369 41,374 $380 42,615 $391

Payroll 81,420 $747 109,000 $1,000 109,000 $1,000 112,270 $1,030 115,638 $1,061 119,107 $1,093 122,680 $1,126 126,361 $1,159 130,152 $1,194

Advertising/Promotions 0 $0 5,014 $46 5,014 $46 5,164 $47 5,319 $49 5,479 $50 5,643 $52 5,813 $53 5,987 $55

Administration/Misc. 9,577 $88 9,577 $88 9,577 $88 9,865 $91 10,161 $93 10,465 $96 10,779 $99 11,103 $102 11,436 $105

Electricity 122,915 $1,128 122,915 $1,128 122,915 $1,128 126,603 $1,161 130,401 $1,196 134,313 $1,232 138,342 $1,269 142,492 $1,307 146,767 $1,346

Water & Sewer 194,045 $1,780 111,545 $1,023 111,545 $1,023 114,892 $1,054 118,338 $1,086 121,888 $1,118 125,545 $1,152 129,311 $1,186 133,191 $1,222

Gas 34,399 $316 34,399 $316 34,399 $316 35,431 $325 36,494 $335 37,589 $345 38,716 $355 39,878 $366 41,074 $377

Real Estate Taxes 103,252 $947 130,624 $1,598 157,995 $1,449 162,735 $1,493 167,617 $1,538 172,645 $1,584 177,825 $1,631 183,159 $1,680 188,654 $1,731

Insurance 26,657 $245 26,657 $245 26,657 $245 27,456 $252 28,280 $259 29,129 $267 30,002 $275 30,902 $284 31,830 $292

Management Fee (3%) 0 $0 36,731 $337 38,376 $352 39,506 $362 40,691 $373 41,912 $385 43,169 $396 44,464 $408 45,798 $420

Total Operating Expenses $600,645 $5,511 $702,945 $6,449 $704,589 $6,464 $725,706 $6,658 $747,478 $6,858 $769,902 $7,063 $792,999 $7,275 $816,789 $7,493 $841,293 $7,718

Replacement Reserves 27,250 $250 27,250 $250 27,250 $250 27,250 $250 27,250 $250 27,250 $250 27,250 $250 27,250 $250

Net Operating Income $552,818 $521,535 $547,344 $563,915 $581,650 $599,916 $618,731 $638,111 $658,072

8-YEAR CASH FLOW ANALYSIS

ASSUMPTIONS

FINANCIAL OVERVIEW

Assumption Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8

Rental Inflation 2.97% 2.88% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Vacancy/Concession/Credit Loss 6.76% 6.40% 6.40% 6.40% 6.40% 6.40% 6.40% 6.40%

RUB & Other Income Inflation 17.62% 15.91% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Expenses Inflation 11.95% 0.30% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Real Estate Tax Inflation 53.02% 0.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%


Current Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8

INCOME

Potential Market Rent $1,154,580 $1,188,870 $1,223,160 $1,259,855 $1,297,650 $1,336,580 $1,376,677 $1,417,978 $1,460,517

(Loss to Lease) / Gain to Lease (23,250) 2.0% (11,625) 1.0% (17,145) 1.4% (18,347) 1.5% (18,898) 1.5% (19,465) 1.5% (20,049) 1.5% (20,650) 1.5% (21,270) 1.5%

Gross Potential Revenue $1,131,330 $1,177,245 $1,206,015 $1,241,507 $1,278,753 $1,317,115 $1,356,629 $1,397,328 $1,439,247

RENTAL LOSSES

Vacancy (76,393) 6.6% (68,775) 5.8% (61,158) 5.0% (62,993) 5.0% (64,883) 5.0% (66,829) 5.0% (68,834) 5.0% (70,899) 5.0% (73,026) 5.0%

Base Rental Revenue $1,054,937 $1,108,470 $1,144,857 $1,178,515 $1,213,870 $1,250,286 $1,287,795 $1,326,429 $1,366,221

OTHER INCOME

Other Residential Income 35,870 $329 35,870 $329 36,947 $339 38,055 $349 39,197 $360 40,373 $370 41,584 $382 42,831 $393 44,116 $405

RUB Income 62,655 $575 80,018 $734 97,380 $893 100,301 $920 103,310 $948 106,410 $976 109,602 $1,006 112,890 $1,036 116,277 $1,067

Total RUB & Other Income $98,526 $115,888 $134,327 $138,356 $142,507 $146,782 $151,186 $155,721 $160,393

Effective Gross Revenue $1,153,463 $1,224,358 $1,279,184 $1,316,871 $1,356,377 $1,397,069 $1,438,981 $1,482,150 $1,526,614

EXPENSES

Repairs & Maintenance 11,073 $102 53,422 $490 53,422 $490 55,025 $505 56,675 $520 58,375 $536 60,127 $552 61,931 $568 63,788 $585

Contract Services 17,306 $159 35,690 $327 35,690 $327 36,760 $337 37,863 $347 38,999 $358 40,169 $369 41,374 $380 42,615 $391

Payroll 81,420 $747 109,000 $1,000 109,000 $1,000 112,270 $1,030 115,638 $1,061 119,107 $1,093 122,680 $1,126 126,361 $1,159 130,152 $1,194

Advertising/Promotions 0 $0 5,014 $46 5,014 $46 5,164 $47 5,319 $49 5,479 $50 5,643 $52 5,813 $53 5,987 $55

Administration/Misc. 9,577 $88 9,577 $88 9,577 $88 9,865 $91 10,161 $93 10,465 $96 10,779 $99 11,103 $102 11,436 $105

Electricity 122,915 $1,128 122,915 $1,128 122,915 $1,128 126,603 $1,161 130,401 $1,196 134,313 $1,232 138,342 $1,269 142,492 $1,307 146,767 $1,346

Water & Sewer 194,045 $1,780 111,545 $1,023 111,545 $1,023 114,892 $1,054 118,338 $1,086 121,888 $1,118 125,545 $1,152 129,311 $1,186 133,191 $1,222

Gas 34,399 $316 34,399 $316 34,399 $316 35,431 $325 36,494 $335 37,589 $345 38,716 $355 39,878 $366 41,074 $377

Real Estate Taxes 103,252 $947 130,624 $1,598 157,995 $1,449 162,735 $1,493 167,617 $1,538 172,645 $1,584 177,825 $1,631 183,159 $1,680 188,654 $1,731

Insurance 26,657 $245 26,657 $245 26,657 $245 27,456 $252 28,280 $259 29,129 $267 30,002 $275 30,902 $284 31,830 $292

Management Fee (3%) 0 $0 36,731 $337 38,376 $352 39,506 $362 40,691 $373 41,912 $385 43,169 $396 44,464 $408 45,798 $420

Total Operating Expenses $600,645 $5,511 $702,945 $6,449 $704,589 $6,464 $725,706 $6,658 $747,478 $6,858 $769,902 $7,063 $792,999 $7,275 $816,789 $7,493 $841,293 $7,718

Replacement Reserves 27,250 $250 27,250 $250 27,250 $250 27,250 $250 27,250 $250 27,250 $250 27,250 $250 27,250 $250

Net Operating Income $552,818 $521,535 $547,344 $563,915 $581,650 $599,916 $618,731 $638,111 $658,072

INCOME Gross Potential Revenue is based on rental rates shown in the unit mix table. Market rents grow of 3.0% after Year 2.

OTHER INCOMEOther income is based on T-12 historical incomes. Owner recently increased RUB income 27% which is reflected in the proforma.

BAD DEBTBad debt is not provided as separated line item in the provided financial statement.

VACANCYVacancy is currently 6.6%. Vacancy is projected to be 5.0% after Year 1 and thereafter, per lender standards.

REPAIRS + MAINTENANCERepairs & Maintenance expense is projected to be at $490 per unit. The average is according to the 2018 National Apartment Association survey of income and expenses for Dallas submarket, and grows 3.0% per year.

CONTRACT SERVICESContract Service expense is projected to be at $327 per unit. The average is according to the 2018 National Apartment Association survey of income and expenses for Dallas submarket and grows 3.0% per year.

ADVERTISING + PROMOTIONSAdvertising/Promotions expense is projected to be $46 per unit annually and grows 3.0% per year.

ADMINISTRATIVE EXPENSESAdministrative expense is based on T-12 historical expenses and grows at 3.0% per year.

ELECTRICITY AND GASElectric and gas expenses are based on T-12 historical expenses and grow at 3.0% per year.

WATERWater expense is projected to be reduced by $82,500 to $111,545 and grows 3.0% per year based on an attached study conducted by Save Water Co. which was implemented by owner in January 2019.

INSURANCEInsurance is based on the most recent premium given in financial statement. The expense grows at 3.0% per year.

REAL ESTATE TAXESReal estate taxes are based on the 2018 preliminary assessed value of $4,470,000 multiplied by 2018 tax rate of 2.82%. Taxes grow 3.0% per year.

PROPERTY MANAGEMENT FEEProperty management fee is projected to be 3.0% of effective gross revenue.

Replacement ReservesReplacement reserves are projected to be $250 per unit annually.

NOTES

CASH FLOW ANALYSIS

Assumption Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8

Rental Inflation 2.97% 2.88% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Vacancy/Concession/Credit Loss 6.76% 6.40% 6.40% 6.40% 6.40% 6.40% 6.40% 6.40%

RUB & Other Income Inflation 17.62% 15.91% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Expenses Inflation 11.95% 0.30% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Real Estate Tax Inflation 53.02% 0.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

CO

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Property Year Built # Units SF/Unit Total SF Avg Rent/Unit Avg Rent PSF

1 Villa Placita 1966 122 614 21,180 $843 $1.37

2 Creekside 1964 64 697 29,448 $854 $1.23

3 Orchards Hills 1962 50 731 31,650 $898 $1.23

4 Woodgate 1967 253 735 188,160 $903 $1.23

5 Crest Ridge 1965 102 825 84,150 $967 $1.17

6 Casa Del Mar 1975 59 733 43,247 $845 $1.15

7 Forest Gardens 1974 231 814 188,034 $907 $1.11

Average 1968 126 736 83,696 $888 $1.21

Oak Creek 1964 109 826 90,088 $883 $1.07

Variance 90 6,392 (-$5.00) (-$0.14)

OAK CREEK

RENT COMPARABLES


Average Rent / PSF Average Rent / Unit

AVERAGE RENT COMPARISON

RENT COMPARABLES


# Property Name Price Bldg. SF Price PSF # Units Price/UnitAverage

Rent/UnitSale Date

1 Deerfield $21,700,000 181,200 $119.76 256 $84,766 $873 18-May

2 Hidden Oaks $19,400,000 184,480 $105.16 208 $93,269 $1,018 17-Oct

3 View at Lake Highlands $25,000,000 232,594 $107.48 292 $85,616 $869 17-Dec

4 Residence/Laverna at Lake Highlands $21,100,000 196,409 $107.43 247 $85,425 $984 17-Mar

5 Chesapeake $10,726,666 117,708 $91.13 128 $83,802 $900 17-Sep

6 Lake Highlands Landing/Vue on Forest $24,000,000 234,946 $102.15 326 $73,620 $771 18-Jun

Average $20,321,111 191,223 $105.52 243 $84,416 $903

Oak Creek $7,900,000 90,088 $87.69 109 $72,477 $883

OAK CREEK

SALE COMPARABLES


AVERAGE SALE COMPARISON

SALE COMPARABLES

$88.80 $119.76 $105.16 $107.48 $107.43 $91.13 $102.15

$73,394

$84,766

$93,269

$85,616 $85,425 $83,802

$73,620

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

Oak Creek Deerfield/Brooklyn @9670

Hidden Oaks View at Lake Highlands Residence/Lavera atLake Highlands

Chesapeake Lake HighlandsLanding/Vue on Forest

Price Price/Sf Price/Unit

$30,000,000

$25,000,000

$20,000,000

$15,000,000

$10,000,000

$5,000,000

$0

$100,000

$90,000

$80,000

$70,000

$60,000

$50,000

$40,000

$30,000

$20,000

$10,000

$0

Price Price/SF Price/Unit



LOC

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BUCKINGHAM RD

WEST WALNUT ST

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FOREST LN

O Henry Elementary School •

Bradfield Elementary School •

• Jackson Technology Center for Math & Science

• Beaver Technology Center for Math & Science

• Harmony Science Academy

• Bullock Elementary School•

Walnut Glen Academy

• Davis Elementary School

•Karlee290

Employees

Plastipak270

Employees•

Anderson Windows425 Employees1/2 mile South

AREA OVERVIEW


SHIL

OH

RD

GA

RLA

ND

RD

• Jackson Technology Center for Math & Science

• Beaver Technology Center for Math & Science

• Walnut Glen Academy

• Davis Elementary School

•North GarlandHIgh School

•Golden Meadows

Elementary School•

BusseyMiddle School

•Garland

HIgh SchoolKraft Foods

796 Employees

US Foods520

Employees

Epiroc Drilling460 Employees

1 1/2 miles Northwest

Resistol390

Employees

•General

Dynamics275

Employees

Sherwin Williams230 Employees1/2 mile South

HISTORIC DOWNTOWN

GARLAND

SCHOOLS | MAJOR EMPLOYERS

OAK CREEK


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MetropolitanStatistical Areas

Change inTotal Population

Percentage ofPopulation Change

Atlanta 89,013 1.51%

Charlotte 49,786 1.89%

Chicago -13,286 -0.14%

Dallas-Fort Worth 146,238 1.97%

Denver 36,379 1.12%

Houston 94,417 1.37%

Los Angeles 25,646 0.19%

New York 45,697 0.22%

Philadelphia 18,968 0.31%

Phoenix 88,772 1.87%

San Diego 20,485 0.61%

San Francisco 28,280 0.59%

COMPONENTS OF POPULATION CHANGE - JULY 1, 2016-JULY 1, 2017Source: ACS 5-year estimates (2012-2017), US Census Bureau

DALLAS-FORT WORTHBY THE NUMBERSThe Dallas-Fort Worth region offers an attractive quality of life, a strong regional and state

economy, a low cost of living, a skilled labor force, and a pro-business mindset offering an

absence of corporate and personal income taxes.

The region is the nation's fourth-largest metro area positioned in the middle of the United

States, and offers competitive advantages for businesses that locate here. The region's

central location allows it to function as an international distribution hub. DFW ranks among

the top three U.S metropolitan areas for business expansions, relocations and employment

growth.

DFW's young, highly educated workforce of more than 3.8 million people is growing quickly,

providing companies with the abundance of talent they need to make their businesses

successful.

MAR

KET

OVE

RVIE

W


DFW POPULATION

390+RESIDENTS ADDED PER DAY

7,399,662CURRENT RESIDENTS

146,000RESIDENTS WERE ADDED

2017-2018

10,676,844PREDICTION OF

POPULATION BY 2040


Dallas-Fort Worth continues to bring Fortune and Global 500 corporate headquarters to the region. It's a testament to the dynamic economy in the region today. DFW is home to 42 Fortune 1,000 headquarters, with four of those companies being on the Fortune Global 500 list.

Texas is one of three states in the U.S. that have 50 or more Fortune 500 headquarters. At 50, Texas is behind only New York (54) and California (53). DFW is the third largest metroplex in the country to have more than 20 Fortune 500 headquarters with 22, behind New York-Newark, Jersey City (69) and Chicago, Naperville, Elgin (33).

Major relocations and expansions have occurred in the past several years with notable Fortune 500 and Forbes Top Private companies. Recently companies like Fluor, Comerica, Golden Living and AT&T have moved to the region joining other industry leaders such as Toyota, Top Golf, Jamba, and NTT Data. Concurrently BMW, General Motors, Galderma, Amazon, and Bed Bath & Beyond all have expanded into distribution, manufacturing, and logistics. Other noteworthy companies such as American Airlines, Liberty Mutual, State Farm, FedEx, and 7-Eleven have moved to larger office spaces.

DENTON

Sally Beauty #592

IRVING

Exxon Mobil #4

Fluor #149

Kimberly Clark #155

Celanese #484

Michaels Stores #496

Commercial Metals #535

Flowserve #589

Pioneer Natural Resources #606

Darling Ingredients #665

MCKINNEY

Torchmark Corp #580

PLANO

JCPenney #221

Alliance Data Systems #378

Yum China Holdings #399

Dr Pepper Snapple Group #416

Rent-A-Center #735

Cinemark Holdings #744

RICHARDSON

Lennox International #627

Fossil #723

DALLAS-LBJ CORRIDOR

Texas Instruments #206

Alon USA #605

Atmost Energy #670

Brinker International #684

GRAPEVINE-SOUTHLAKE

Gamestop #321

Sabre Corp #668

Nationstar Mortgage #852

1

2

3

4

5

6

7

DALLAS LOVE FIELD

Southwest Airlines #138

8

DALLAS-FORT WORTH

42HEADQUARTERS

IN DALLAS- FORT WORTH

FORTUNE 1,000 M

ARKE

T O

VERV

IEW


12 11

10

6

7

8

9

5

4

3

21

DOWNTOWN DALLAS (CBD & UPTOWN)

AT&T #9

Energy Transfer Equity #79

Tenet Healthcare #134

Jacobs Engineering #259

Hollyfrontier Corp #274

Dean Foods #351

Builders Firstsource #421

Vista Energy #499

Neiman Marcus #515

Trinity Industries #539

Comerica #736

Primoris Services Corp #938

FORT WORTH

American Airlines #67

ARLINGTON

D.R. Horton #232

FORT WORTH CBD

Pier 1 Imports #967

9 10

11

12

Source: DRC Research; Fortune Magazine; Forbes Magazine

DALLASFORT WORTH


Disclaimer


The material contained in this Offering Brochure

is furnished solely for the purpose of considering

the purchase of the property within and is not to

be used for any other purpose. This information

should not, under any circumstance, be photocopied

or disclosed to any third party without the written

consent of the SVN® Advisor or Property Owner,

or used for any purpose whatsoever other than to

evaluate the possible purchase of the Property.

The only party authorized to represent the Owner

in connection with the sale of the Property is the

SVN® Advisor listed in this brochure, and no other

person is authorized by the Owner to provide any

information or to make any representations other

than contained in this Offering Brochure. If the

person receiving these materials does not choose

to pursue a purchase of the Property, this Offering

Brochure must be returned to the SVN® Advisor.

Neither the SVN® Advisor nor the Owner make any

representation or warranty, express or implied, as

to the accuracy or completeness of the information

contained herein, and nothing contained herein is or

shall be relied upon as a promise or representation

as to the future representation of the Property.

These Assumptions may or may not be proven

to be correct, and there can be no assurance

that such estimates will be achieved. Further,

the SVN® Advisor and the Owner disclaim any

and all liability for representations or warranties,

expressed or implied, contained in or omitted from

this Offering Brochure, or any other written or oral

communication transmitted or made available to

the recipient. The recipient shall be entitled to rely

solely on those representations and warranties that

may be made to it in any final, fully executed and

delivered Real Estate Purchase Agreement between

it and Owner.

The information contained herein is subject to

change without notice and the recipient of those

materials shall not look to Owner or the SVN®

Advisor nor any of their officers, employees,

representatives, independent contractors or

affiliates, for the accuracy or completeness thereof.

Recipients of this Offering Brochure are advised and

encouraged to conduct their own comprehensive

review and analysis of the Property.

This Offering Brochure is a solicitation of interest

only and is not an offer to sell the Property. The

Owner expressly reserves the right, at its sole

discretion, to reject any or all expressions of

interest to purchase the Property and expressly

reserves the right, at its sole discretion, to terminate

negotiations with any entity, for any reason, at any

time with or without notice. The Owner shall have

no legal commitment or obligation to any entity

reviewing the Offering Brochure or making an

offer to purchase the Property unless and until the

Owner executes and delivers a signed Real Estate

Purchase Agreement on terms acceptable to Owner,

in Owner’s sole discretion. By submitting an offer,

a prospective purchaser will be deemed to have

acknowledged the foregoing and agreed to release

the Owner and the SVN Advisor from any liability

with respect thereto.

To the extent Owner or any agent of Owner or any

agent of Owner corresponds with any prospective

purchaser, any prospective purchaser should not

rely on any such correspondence or statements as

binding Owner. Only a fully executed Real Estate

Purchase Agreement shall bind the property and

each prospective purchaser proceeds at its own risk.

6320 LBJ Freeway, Suite 228Dallas, TX 75240

214-206-9559 •svn-isg.com


NICHOLAS BROWNAdvisor

[email protected]


BYRON GRIFFITHAdvisor

[email protected]

TODD FRANKS, CCIMManaging Director

[email protected]

Documents

INVESTMENT SALES GROUP - LoopNet