±1.9519 Acres at 1515 Garrettson Ln. - DMRE · NEW DEVELOPMENTS • In 2016 the Galleria opened a...
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±1.9519 Acres at 1515 Garrettson Ln. BROKER CONTACT David Marshall, Principal | [email protected] | 713.955.3126
Transcript of ±1.9519 Acres at 1515 Garrettson Ln. - DMRE · NEW DEVELOPMENTS • In 2016 the Galleria opened a...
±1.9519 Acres at 1515 Garrettson Ln.
BROKER CONTACT David Marshall, Principal | [email protected] | 713.955.3126
GARRETTSON LN
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±1.9519ACRES
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±1.9519ACRES
DETAILS
ADDRESS 1515 Garrettson Ln., Houston, TX 77056
LAT., LONG. 29.751944, -95.459505
SIZE ±1.9519 Acres
UTILITIES Available
SCHOOLSHouston ISD: Wharton Dual Language
Academy; Lamar High School
PARCEL ID 1360430010001
OWNER JLB WINHALL LP
LEGALRES A BLK 1
WINHALL
PRICE TBD by Market
RESTRICTIONS None
2018 DEMOGRAPHICS0-1 mi 0-3 mile 0-5 miles
Est. Population 2018
18,400 175,979 504,013
5-Yr Est. Population Growth
3.04% 3.5% 4.3%
Average Household Income
$151,727 $151,282 $139,697
Median Value Of Owner Occupied Housing Units
$426,408 $380,125 $350,939
2018 TAX RATES001 HOUSTON ISD 1.206700
040 HARRIS COUNTY 0.418580
041 HARRIS CO FLOOD CNTRL 0.028770
042 PORT OF HOUSTON AUTHY 0.011550
043 HARRIS CO HOSP DIST 0.171080
044 HARRIS CO EDUC DEPT 0.005190
048 HOU COMMUNITY COLLEGE 0.100263
061 CITY OF HOUSTON 0.588410
TOTAL 2.530443
Property Details At A Glance
Dosch Marshall Real Estate (DMRE) has
been exclusively retained to represent the
Seller in the disposition of this property.
All inquiries about the Property should
be directed to DMRE.
CLICK HERE FOR LISTING
• Pricing
• Due Diligence and Closing Timeframe
• Earnest Money Deposit
• Description of Debt/Equity Structure
• Qualifications to Close
• Development Plans
MAKING AN OFFEROffers should be presented in the form of a non-binding Letter of Intent, and should include:
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Area Highlights Facing Southwest
~298.07’
~284.62’
~298.64’
~284.76’
AVAILABLE
±1.9519ACRES
(85,024 SF)
AVAILABLE
±1.9519ACRES
(85,024 SF)
AVAILABLE
±1.9519ACRES
(85,024 SF)
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Property Survey
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Area Highlights Uptown District / The Galleria
RETAIL & HOSPITALITY
• Home to the largest number of couture retailers
• 55% of residents within a three-mile radius earn over $75,000 annually
• Six million square feet of retail space and more than 1,000 stores
THE GALLERIA MALL
• Three million-square-foot, mixed-used site on 52 acres
• Fourth largest retail complex in the United States
• Hosts more than 30 million visitors annually, making it the number one shopping and tourist attraction in Houston
• Houston’s most prestigious shopping including stores such as Neiman Marcus, Cartier, Hermes of Paris, Saks Fifth Avenue, Louis Vuitton, Ethan Allen
HOSPITALITY
• Over 30 million people visit the District every year
• 34 hotels with over 7,800 hotel rooms (more full service hotels than any other district in Houston)
• Highest hotel occupancy rate in Houston
• Nearly 10% of Houston’s total hotel rooms
NEW DEVELOPMENTS
• In 2016 the Galleria opened a new 198,000-square-foot Saks Fifth Avenue
• A high-rise 30-story residential tower is also planned, with 225 hotel rooms and 75 to 10 condominiums
• Recently added a 180-foot-long retail corridor for high-end boutiques called “Galleria IV”; most shops opened in the second quarter of 2017
TOP EMPLOYERSEMPLOYMENT
• Occupies 500 acres and is the 15th largest business district in the U.S.
• 26 million total square feet of commercial office space• Class A occupancy rate remains at a steady 90%
throughout the year• Over 16 million square feet of Class A office space• 13% of Houston’s total “Class A” office space, second
only to Downtown Houston• Hosts over 82,000 employees and 2,000 companies,
including Fortune 500 companies Apache, Spectra Energy, and Marathon Oil
FOUR OAKS PLACE - UPTOWN DISTRICT
THE GALLERIA MALL
Employment
Living
26,000,000commercial officesquare foot
2,000+companies
13%total Class Aoffice space(2nd to Downtown)
82,000+employees
Top Employers
Nearly 7,800 luxurious rooms, whichmaintain the highest RevPAR (Revenueper Available Room) in Houston
34 hotels - more than any otherdistrict in Houston
15th largest business district in the U.S.
Diverse tenant base: a wide variety of energy, legal,tech and medical employers protect Uptown Districtfrom the ups and downs of the price of oil.
Hosts more than 30 million visitors annually
Number one shopping & tourist attraction in Houston
Fourth largest retail complex in the U.S
RetailHospitality
1st Quarter 2017
CLASS AOCCUPANCY
1st Quarter 2017
RETAILOCCUPANCY
100%
The Galleria
180,000+residents within athree-mile radius
200,000people per day converge
in Uptown Houston towork, dine, or shop.
$106,000average household
income within a 3mile radius
FIRSTdesignated scenicdistrict in Houston
36.5median age
72.2% 1st Quarter 2017
HOTELOCCUPANCY
81.5%
Area Highlights
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The Property is ideally located near Houston’s most affluent neighborhood, River Oaks. Single family home values in the River Oaks neighborhoods reach $19.5 million.
Founded in the 1920s, the River Oaks neighborhood spans over 1,000 acres and includes two of Houston’s most popular shopping destinations, River Oaks District and Highland Village.
River Oaks District is Houston’s premier destination for global luxury brands. The mixed-use development is made up of 650,000 square foot which includes boutique styled shops, restaurants, sidewalk cafes and an iPic movie theater among an expanding list of tenants.
Highland Village is an expansive collection of upscale boutiques including Anthropologie, Pottery Barn, and Williams Sonoma. River Oaks is also home to some of Houston’s best restaurants, including Brasserie 19, Armandos, and Smith & Wollensky.
HOMES IN RIVER OAKS
RIVER OAKS COUNTRY CLUB
Area Highlights River Oaks
HOUSTON’S PREMIER RETAIL AND ENTERTAINMENT
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MONTROSE
MUSEUM PARK
RICE MILITARY
GREENWAY/UPPER KIRBY
UPTOWN
RIVER OAKS
BELLAIREJUNCTION
River Oaks Country Club
Memorial Park
Buffalo Bayou Park
The Museum of Fine Arts
Escape TheRoom Texas
Houston Country Club
Levy Park
SITE
Area Highlights River Oaks
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Our Team
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David Marshall
Principal
713.955.3126
Becky Hand
Senior Associate
713.955.3121
JP Hayes
Vice President of Listings
713.955.4473
Dakota Dosch
Analyst
713.955.4472
Tim Dosch
Principal
713.955.3127
Tom Dosch
Principal
713.955.3125
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Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord
(owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.
IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.
IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.
IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an
Approved by the Texas Real Estate Commission for Voluntary Use
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.
intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:
(1) shall treat all parties honestly;
(2) may not disclose that the owner will accept a price less that the asking price unless authorized in writing to do so by the owner;
(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and
(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.
With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.
If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.
Buyer, Seller, Landlord or Tenant Date
Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint
regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov)
TREC No. OP-K
Contact Us713.955.3120
777 Post Oak Blvd, Suite 255 Houston, TX 77056
www.dmre.com
