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HOME DEPOT SHADOW ANCHORED RETAIL CENTER FOR SALE

LENDER AUTHORIZED SALEWEST OAKS RETAIL CENTER | HIGHWAY 6 & RICHMOND AVE

Transwestern | 1900 West Loop South, Suite 1300 | Houston, TX 77027 | P: 713.270.7700 | www.twhoustonretail.comThe information contained herein was obtained from sources believed reliable. However, Transwestern 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 sale or lease, or withdrawal without notice.

FORECLOSURE - LENDER OWNED

OFFERED FOR SALETotal GLA 9,600 SF

Location 2808 Highway 6 South, Houston, TX 77082

Sale Price Auction.com

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

PROPERTY INFORMATIONWest Oaks Retail Center is a 9,600 SF single-story, multi-tenant retail shopping center located on the southwest corner of the signalized intersection of Highway 6 and Richmond Avenue in Houston, Harris County, TX. Built in 1997, the center has high parapet walls, cinderblock construction and concrete parking lot. The center is also shadow anchored by the area’s only Home Depot. West Oaks Retail Center is situated on 0.86 acres of land in close proximity to the new Edwards Multiplex redevelopment at West Oaks Mall.

FOR INFORMATION CONTACT

Micha van Marcke, CCIM Chace [email protected] [email protected]

713.272.1231 713.272.1274




INVESTMENT HIGHLIGHTS

• Foreclosure – Lender Owned

• Home Depot Shadow Anchored

• 45% Occupied – Tremendous Buyer Upside

• Tenant Mix Comprised of National, Regional and Local Credit

• Located in close proximity to Newly Redeveloped West Oaks Mall

• Building Depths Allow for a Multitude of Tenant Uses

• Excellent Visibility and Access from Highway 6

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

AREA RETAILERS




INVESTMENT OVERVIEWLOCATION: SWC Highway 6 South

& Richmond Avenue

ADDRESS: 2808 Highway 6 SouthHouston, TX 77082

ACRES: 0.86

YEAR BUILT: 1997

BUILDING NRA: 9,600

OCCUPANCY: 45%

PARKING SPACES: 38 (4/1000)

UTILITIES: Electric – AmeriPowerGas – Entex (Center Point)Water/Sewer – City of Houston

CONSTRUCTION: Cinderblock with stucco façade and concrete parking lot

PROPERTY TAXES: 2013 Appraised Value - $1,515,1132012 Tax Rate - $2.693/$100

HCAD ACCOUNT NUMBER: 118-060-0001-0023

NOI: $36,980

ASKING PRICE: Auction.com

TENANT OVERVIEW

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DEMOGRAPHICS1 MILE 3 MILES 5 MILES

Population 18,043 44,426 400,117

Median HH Income $88,892 $75,489 $71,009

TRAFFIC COUNTSState Highway 6 48,000 cpd

Richmond West of State Highway 6 11,890 cpd

Richmond East of State Highway 6 20,040 cpd

Richmond Ave

Westheimer Rd

High

way

6

West OaksMall

610

45

45

1010

IntercontinentalAirport

HOUSTON OVERVIEWHouston is the 4th largest city in the US and the largest city by population in Texas. Over 6.1 million people call the Houston metro area home. Since 2000, Houston’s population has grown by 26.10%, the second highest rate in the country, and it boasts the fastest growing housing market in the United States. According to Moody’s Analytics, Houston’s population is projected to grow by 608,100 residents between 2010 and 2015 ranking it first out of any metropolitan area in the United States.

The Houston economy is extremely strong. Houston is the energy capital of the U.S. and has added aerospace, techology, manufacturing and medical companies to the economic mix, generating more than 260,000 jobs in the last decade. Houston has also seen positive job growth over the last three months as well as over the last 24 months. Houston was last into the recession and first out of it. Not only does the Houston metro area lead the nation in job growth, but also its cost of living stands well below the national average. Housing prices run half those of other metro areas its size. Houston’s energy prosperity comes on top of other economic advantages the nation’s fourth-largest city has long possessed. Tax rates are low, as is the cost of living, and the city’s political climate is aggressively pro-business—officials steadfastly resist imposing zoning laws in an attempt to avoid hindering economic growth.

The local economy, though still largely dependent on the energy industry, is growing more diversified, with the city’s health-care sector growing rapidly. Houston’s Medical Center is the second largest in the world. Additionally, Houston’s home-sales figures are rising and mortgage foreclosures are continually declining, the ever-expanding housing market never blew up into the kind of speculative real estate bubbles that deflated so many other large American cities. The Houston housing market average home sales have grown by 14% in the last 12 months (HAR.com) and new construction is visible in most areas of the city.

HOUSTON NATION-LEADING STATISTICS#1 Highest Post-Recession Retail Job Growth Houston Business Journal January 2013

#1 Best City in America Business Insider May 2013

#1 Highest Demand for Engineering Jobs Monster.com May 2013

#1 Top Destination City U-Haul International April 2013

#1 Top U.S. Manufacturing Cities Manufacturer’s News, Inc. January 2013

#1 Best Cities for Your Career in 2013 Payscale.com (as reported by Yahoo!) January 2013




PROJECTED ANNUAL OPERATING STATEMENT

West Oaks Retail Center2808 Highway 6 SouthHouston, Texas 77082

Projected Annualized Operating Statement

Current Pro Forma

Base RentOccupied Space 93,980 93,980 Vacant Space @ Market(1) - 84,800

Gross Potential Rent 93,980 178,780

Total Reimbursements 24,660 69,744

Gross Income 118,641 248,524

Less: General Vacancy 5.0% - 11,763 Effective Revenue 118,641 236,761

Reimbursable Operating ExpensesCAM 14,894 14,894 Real Estate Taxes 40,795 40,795 Insurance 11,868 11,868 Utilities 8,196 8,196 Admin Fee 1,440 1,440 Management Fee 4,468 9,470

Total Reimbursements 81,661 86,663

Non-Reimbursable ExpensesCommon Areas - -

Total Non- Reimbursable Expenses - -

Net Operating Income $36,980 $150,098

Notes:(1) Market rents are estimated at $16.00/sqft & NNN charges are estimated at $8.51/sqft.




FINANCIALS AVAILABLE UPON EXECUTION OF CONFIDENTIALITY AGREEMENT




25 0 25

Feet

Pylon Sign

Richmond Ave

High

way

6

Available2,400 SF

Available1,700 SF

AIO Wireless1,800 SF

Available1,200 SFEZ Pawn1,300 SF

We Buy Gold1,200 SF

4

3A

3

1A

2

1

TENANT AIO Wireless Available EZ Pawn We Buy Gold Available Available

SQ. FT. 1,800 1,200 1,300 1,200 2,400 1,700

LEASING PLAN




AREA DEVELOPMENT PLAN




IMMEDIATE TRADE AREA




CONFIDENTIALITY AGREEMENT & DISCLAIMERTranswestern1900 West Loop South, Suite 1300Houston, TX 77027713.270.7700 / Fax 713.401.1461

CONFIDENTIALITY STATEMENTWest Oaks Retail Center2808 Highway 6 SouthHouston, TX 77082

The undersigned has been advised that Transwestern Property Company SW GP, L.L.C (“Transwestern”) and Auction.com have been retained on an exclusive basis by the Owner with respect to the offering or sale of West Oaks Retail Center, Houston, Texas (the “Property”). The Owner has indicated that all inquiries and communications with respect to the contemplated sale of such Property be directed to Transwestern. All fees due to Transwestern and Auction.com in connection with the sale of the Property shall be paid by the Owner. The undersigned hereby acknowledges that it is a principal or an investment advisor in connection with the possible acquisition of the Property and agrees that it will not look to the Owner, the Owner’s Lender, Transwestern or Auction.com for any fees or commissions in connection with the sale of the Property. The undersigned also hereby acknowledges that is has not dealt with any broker, other than Transwestern, Auction.com and Co-Broker identified on subsequent signature page, regarding the acquisition of the Property, or if it has, the undersigned hereby agrees to indemnify the Owner, the Owner’s Lenders, Transwestern and Auction.com against any compensation, liability or expense, arising from claims by co-broker or any other broker or other party the undersigned had dealings with in connection with the sale of the Property.

The Owner has available for review certain information (“Confidential Information”) concerning the Property. On behalf of the Owner, Transwestern and Auction.com may make such Confidential Information available to the undersigned upon execution of this Confidentiality Statement. The Confidential Information is intended solely for your own limited use in

considering whether to pursue negotiations to acquire the Property. This is not an agreement to sell the Property, nor an offer of sale. No agreement binding upon the Owner of the Property, or any of its associated or affiliated companies, shall be deemed to exist, at law or equity, until the Owner of the Property enters into a formal binding agreement of sale.

The Confidential Information contains brief, selected information pertaining to the business and affairs of the Owner, and has been prepared by Owner, Transwestern and Auction.com primarily from information supplied by the Owner or Owner’s Agent. It does not purport to be all inclusive or to contain all the information which a prospective purchaser may desire. Neither Transwestern, Auction.com, the Owner nor the Owner’s Lender make any representation or warranty, express or implied, as to the accuracy or completeness of the Confidential Information and no legal liability is assumed or to be implied with respect thereto.

By executing this Confidentiality Statement you agree that the Information provided is confidential, that you will hold and treat it in the strictest of confidence, and that you will not disclose or permit anyone else to disclose the Information to any person, firm or entity without prior written authorization of the Owner, Transwestern and Auction.com except that the information may be disclosed to your partners, employees, legal counsel and lenders or pursuant to a court order. Owner expressly reserves the right in its sole discretion to reject any or all proposals or expressions or interest in the property and to terminate discussions with any party at negotiations you hereby agree to return the Confidential Information to Transwestern.




On Behalf of Prospective Purchaser: Co-Broker (if any)

Company: Company:

Address: Address:

City: City:

State: ZIP: State: ZIP:

Phone: Phone:

Fax: Fax:

E-mail: E-mail:

By: By:

Its: Its:

Date: Date:

Signature: Signature:

Information About Brokerage ServicesBefore 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 intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the br ker’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 than 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.

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

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 or 512-465-3960.

01A TREC No. OP-K

Approved by the Texas Real Estate Commission for Voluntary UseTexas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

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