RIO GRANDE VALLE - EDINBURG, T LENDER AUTHORIZED SALE...• W Univeristy Dr West of Sugar Rd 33,000 cpd • W Univeristy Dr East of Sugar Rd 28,000 cpd 107 281 495 83 CONTACT: Micha

FORECLOSURE - LENDER OWNED

RIO GRANDE VALLEY - EDINBURG, TX

LENDER AUTHORIZED SALEUNIVERSITY PLAZA

Tr a n s w e s t e r n H o u s t o n | 19 0 0 W e s t L o o p S o u t h , S u i t e 13 0 0 | H o u s t o n , Te x a s 7 70 2 7

| P : 713 . 2 70 . 7 70 0 | F : 713 . 2 70 . 6 2 8 5

The information provided herein was obtained from sources believed reliable. However, Transwestern makes no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

OFFERED FOR SALETotal GLA - 11,880 SFLocation - 321 South Sugar Road, Edinburg, Texas 78539 Sales Price - AUCTION.COMProperty is Offered on a No Representation or Warranty, “As-Is” Basis

PROPERTY INFOUniversity Plaza is an 11,880 SF single story, multi-tenant retail shopping center located near the southwest corner of the lighted intersection of West University Drive and South Sugar Road in Edinburg, Hidalgo County, Texas. The center was built in 2004, has high parapet walls, a stucco façade and concrete parking lot. The center is also shadow anchored by one of only two Walmart Supercenters in the area and is located at a primary drive into the Walmart. University Plaza is situated on 1.202 acres of land across from The University of Texas Pan American Campus, and the center is within the retail hub for Edinburg.

Micha van Marcke, CCIM713.272.1231 [email protected]




INVESTMENT HIGHLIGHTS• Foreclosure - Lender Owned

• Walmart Supercenter Shadow Anchored

• 50% Occupied - Tremendous Buyer Upside

• Situated on the Main Drive into The University of Texas - Pan American Campus

• Located in Expanding Trade Area Driven by Growth of the University and Medical

• Building Depths Allow for a Multitude of Tenant Uses

• Recent Construction

• Both Vacant Spaces are Built-Out and in Good Condition

• 4,000 SQ FT Second Generation Restaurant Space with Drive-Thru Capability

• 1,920 SQ FT Second Generation Space

AREA RETAILERS




University Plaza

Investment Overview

Seller: JPMCC 2005-LDP2 SUGAR ROAD, LLC

Property Name: University Plaza

Property Address: 321 South Sugar Road

Edinburg, Texas 78539

Location: Center is located near the Southwest corner of the lighted

intersection of West University Drive and South Sugar Road

within the retail hub of the Edinburg, Hidalgo County, Texas

Land Area: 1.05 SQFT

Construction: Recent

Total Net Leasable Area: 11,880 SQFT

Year Built: 2004

Area Retailers: Walmart Supercenter, Staples, H-E-B, Lowe's, Aaron's, McCoy's

Area Employers: University of Texas - Pan American, Edinburg Regional Medical

Center, Edinburg ISD

Leased: 50.2%

NOI (Current): $69,221

Sales Price: AUCTION.COM

Property is Offered on a No Representation or Warranty, "As-Is" Basis

Debt: All Cash Preferred

INVESTMENT OVERVIEW




Edinburg is considered the educational and technological capital of a Texas-Mexico border region. With a population of more than 2 million, this region has the highest concentration of people between the ages of 18 and 24 in North America. Edinburg is located in the Rio Grande Valley, a four-county area that has a larger population than South Dakota, Delaware, North Dakota, Vermont, Alaska, and Wyoming. With a land area of 11,122,712 square kilometers, the Rio Grande Valley is almost twice the size of Delaware and four times the size of Rhode Island. Edinburg is the county seat of Hidalgo, the seventh largest county in Texas and is home to the University of Texas-Pan American, the state’s tenth largest public university. Centrally located within one of the largest trade corridors in the world, Edinburg is also the gateway to U.S. 281, which is being transformed in to Interstate 69 or the NAFTA Highway. In 1999, more than 54% of all trade between Mexico and the United States made its way through South Texas ports of entry. The ability to market and sell both North and South from a central location is key to the international trade created by NAFTA. As the markets open to Mexico and Central and South America, companies are looking for the most strategic location from which to distribute their products. The Edinburg-McAllen area has become the primary site for companies to set up operation on the United States/Mexico Border. Furthermore, the Mexico International Bridge has 12,530,565 annual crossings, making it one of the largest ports of entry in the state of Texas.

The local economy is growing more diversified, with the city’s health-care sector growing rapidly. Edinburg Re-gional Medical Center employees 3,000 and is the largest hospital in the Edinburg-McAllen area. Additionally, the University of Texas- Pan American increases the population by 17,000 students each school year while providing jobs for 2,850 employees. Under the sponsorships of The University of Texas System, Edinburg will soon open the first major Medical Research Center along the U.S.- Mexico border. (Edinburg EDC 2012)

DEMOGRAPHICS2011 AGS Estimates

• Population • Avg HH Income

TRAFFIC COUNTS2010 TxDotAADT

• W University Dr West of Sugar Rd 33,000 cpd• W University Dr East of Sugar Rd 28,000 cpd

1-mile 3-miles 5-miles 16,599 67,750 140,363 $44,242 $53,502 $57,903

UNIVERSITY PLAZA

WALMART SHADOW ANCHORED CENTER321 SOUTH SUGAR ROAD | EDINBURG , TX

The information provided herein was obtained from sources believed reliable, however, Transwestern Commercial Services makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior to sale or lease, or with drawl without notice.

FOR LEASE

R E T A I L

PROPERTY INFORMATION• Walmart anchored center located in the heart of Edinburg, TX• Area retailers include: Staples, Lowes, McCoy’s and Aaron’s

AVAILABLE:• 4,000 sf second generation restaurant on end cap with drive thru capability (will subdivide)• 1,920 sf second generation in-line space

CO-TENANTS INCLUDE:• Hungry Howie’s Pizza, Check ‘N Go, A-1 Cleaners and Pro Nails

ECONOMIC INFORMATION:• Please call to discuss

For Information, contact:

Micha van Marcke, CCIM713.272.1231 [email protected]

Vanessa [email protected]

DEMOGRAPHICS1-mile 3-miles 5-miles

• Population 16,599 67,750 140,363• Avg HH Income $44,242 $53,502 $57,903

TRAFFIC COUNTS• W Univeristy Dr West of Sugar Rd 33,000 cpd

• W Univeristy Dr East of Sugar Rd 28,000 cpd


FOR LEASE

R E T A I L

UNIVERSITY PLAZA

WALMART SHADOW ANCHORED CENTER321 SOUTH SUGAR ROAD | EDINBURG , TX

EDINBURG OVERVIEW




University Plaza321 South Sugar RoadEdinburg, Texas 78539

Projected Annualized Operating Statement

Current Pro Forma

Base RentOccupied Space 96,701 96,701 Vacant Space @ Market(1) - 88,800

Gross Potential Rent 96,701 185,501

Total Reimbursements 27,665 55,145

Gross Income 124,366 240,646

Less: General Vacancy 5.0% - 11,667 Effective Revenue 124,366 228,979

Reimbursable Operating ExpensesCAM 15,676 15,676 Real Estate Taxes 27,667 27,667 Insurance 5,802 5,802 Utilities 6,000 6,000

Total Reimbursements 55,145 55,145

Non-Reimbursable ExpensesCommon Areas - -

Total Non- Reimbursable Expenses - -

Net Operating Income $69,221 $173,834

Notes:

(1) Market rents and NNN expenses are estimated at $15.00/sqft & $4.64/sqft, respectively.

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EQUAL HOUSINGOPPO RTU N ITY

Approved by the Texas Real Estate Commission for Voluntary Use

efore working with a real estate broker, you shouldBknow that the duties of a broker depend on whomthe broker represents. If you are a prospectiveseller or landlord (owner) or a prospective buyer or

tenant (buyer), you should know that the broker who liststhe property for sale or lease is the owner’s agent. Abroker who acts as a subagent represents the owner incooperation with the listing broker. A broker who acts asa buyer’s agent represents the buyer. A broker may act asan intermediary between the parties if the partiesconsent in writing. A broker can assist you in locating aproperty, preparing a contract or lease, or obtainingfinancing without representing you. A broker is obligatedby law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into anagreement with the owner, usually through a written -listing agreement, or by agreeing to act as a subagent byaccepting an offer of subagency from the listing broker. Asubagent may work in a different real estate office. Alisting broker or subagent can assist the buyer but doesnot represent the buyer and must place the interests ofthe owner first. The buyer should not tell the owner’sagent anything the buyer would not want the owner toknow because an owner’s agent must disclose to theowner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into anagreement to represent the buyer, usually through awritten buyer representation agreement. A buyer’s agentcan assist the owner but does not represent the ownerand must place the interests of the buyer first. The ownershould not tell a buyer’s agent anything the owner wouldnot want the buyer to know because a buyer’s agent mustdisclose to the buyer any material information known to theagent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the partiesif the broker complies with The Texas Real Estate License

Act. The broker must obtain the written consent of eachparty to the transaction to act as an intermediary. Thewritten consent must state who will pay the broker and, inconspicuous bold or underlined print, set forth the broker’sobligations as an intermediary. The broker is required totreat each party honestly and fairly and to comply withThe Texas Real Estate License Act. A broker who actsas an intermediary in a transaction:

(1) shall treat all parties honestly; (2) may not disclose that the owner will accept aprice less than the asking price unless authorized inwriting to do so by the owner; (3) may not disclose that the buyer will pay a pricegreater than the price submitted in a written offerunless authorized in writing to do so by the buyer; and(4) may not disclose any confidential information orany information that a party specifically instructs thebroker in writing not to disclose unless authorized inwriting to disclose the information or required to do soby The Texas Real Estate License Act or a courtorder or if the information materially relates to thecondition of the property.

With the parties’ consent, a broker acting as anintermediary between the parties may appoint a person whois licensed under The Texas Real Estate License Actand associated with the broker to communicate with andcarry out instructions of one party and another person whois licensed under that Act and associated with the brokerto communicate with and carry out instructions of theother party.

If you choose to have a broker represent you, you should enter into a written agreement with the brokerthat clearly establishes the broker’s obligations and yourobligations. The agreement should state how and bywhom the broker will be paid. You have the right tochoose the type of representation, if any, you wish toreceive. Your payment of a fee to a broker does notnecessarily establish that the broker represents you. If youhave any questions regarding the duties andresponsibilities of the broker, you should resolve thosequestions before proceeding.

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a questionor complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant Date

01A TREC No. OP-K

Tr a n s w e s t e r n H o u s t o n | 1 9 0 0 We s t L o o p S o u t h , S u i t e 1 3 0 0 | H o u s t o n , Te x a s 7 7 0 2 7 | P : 7 1 3 . 2 7 0 . 7 7 0 0 | F : 7 1 3 . 2 7 0 . 6 2 8 5

Documents

RIO GRANDE VALLE - EDINBURG, T LENDER AUTHORIZED SALE...• W Univeristy Dr West of Sugar Rd 33,000 cpd • W Univeristy Dr East of Sugar Rd 28,000 cpd 107 281 495 83 CONTACT: Micha