111 EAST 27TH STREET

Bryan, Texas 77803

FOR SALE

For more information, please contact:

Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.

Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801

www.clarkisenhour.com

111 EAST 27TH STREET

PROPERTY FEATURES

111 E 27th St.

S. M

ain St.

S. T

exas Ave

W. William Joel Pkwy

Bryan City Hall

Brazos Courthouse

�Newly renovated historic Downtown Bryan building

� Income producing property with upside potential

�Great on-site parking �Become part of the Downtown Bryan Revitalization

�Offered for Sale: $1,395,000

Queen Theatre

Bryan, Texas 77803

FOR SALE






PROPERTY OUTLINE

Bryan, Texas 77803

FOR SALE






FIRST FLOOR PHOTOS

Bryan, Texas 77803

FOR SALE






SECOND FLOOR PHOTOS/CODE RED PRODUCTIONS

Bryan, Texas 77803

FOR SALE






3RD FLOOR PHOTOS / OM GROWN YOGA

Bryan, Texas 77803

FOR SALE






FLOOR PLAN

3,853 sf4,547 SF

RENTABLE

This Floor Available for Lease

1st Floor

Bryan, Texas 77803

FOR SALE






FLOOR PLAN2nd

Floor

2,536 sf

451 sf

365 sf431 SF

RENTABLE

532 SF

RENTABLE

2,993 SF

RENTABLE

This Floor Fully Leased To:

Code Red Productions

Bryan, Texas 77803

FOR SALE






This Floor Fully Leased To:

Om Grown Yoga

FLOOR PLAN3rd

Floor

2,552 sf

752 sf 372 sf

2,999 SF

RENTABLE

(CURRENTLY LEASED)

888 SF

RENTABLE

439 SF

RENTABLE

Bryan, Texas 77803

FOR SALE






Brief History of the Bryan Municipal

The Bryan Municipal Building was constructed in 1929 and was the first modern municipal facility in Bryan to house the city’s main governmental offices and police and fire departments. The building was designed by the Austin based architectural firm of Giesecke & Harris and it is a good example of their work and one of Bryan’s few buildings reflecting the influence of the Moderne style. As one of Austin’s leading architectural firms of the period, Gieseck & Harris were responsible for designing numerous high school and institutional buildings throughout the state including the Austin State School and State School for the Deaf. The building is important for its association with events in Bryan’s municipal history and for serving as the governmental focus of Bryan’s original commercial district.

The building was accepted on December 13, 1929 and occupied by the city staff three days later. On December 17, 1929 the fire department moved in and an open house was held the following Friday. For the first time the main governmental services of the city were found within one building, with the chambers for the City Council occupying the entire south bay of the second floor; the Fire Department housed in the central; the Police Department offices on the south end of the first floor, and both floors on the north end of the building used as offices for city government.

The attractive and well-proportioned structure gave Bryan its first city hall designed along modern lines and quickly became a source of pride for the community. Through its nearly sixty years of operation, the municipal building was the focus of politics and government for the city of Bryan.

*Information above taken from the National Register of Historic Places Registration Form*

Bryan, Texas 77803

FOR SALE






Projected Annualized Operating Statement

Century Station 111 E. 27th Street Bryan, Texas

Revenue Projected Gross Income* $246,087 Less Vacancy & Collection Loss 5% $ 11,440 Effective Revenue $234,647

Operating Expenses Maintenance & Repairs** $ 34,283 Professional Fees** $ 5,316 Utilities** $ 34,936 Taxes** $ 15,365 Insurance** $ 4,018

Total Operating Expenses $ 93,918

Net Operating Income $140,729

*Based on June 2016 existing leases and vacancies leased at asking rate. **Based on 2016 budget projections.

Additional information available upon receipt of signed confidentiality agreement & information on brokerage services (enclosed). Please fax to (979) 268-6841 or email to [email protected].

Bryan, Texas 77803

FOR SALE






Fact Summary Property Name: Century Station

Property Address: 111 E. 27th Street, Bryan, TX 77803

Location: Downtown Bryan, Brazos County, Texas

Land Area: 0.80 Acres (per Brazos CAD)

Total GLA: 35,022 SF (per Brazos CAD)

Zoning: DT-C (Downtown Civic)

Year Built: 1929

Occupancy: 65%

NOI: $140,729*

Asking Price: $1,395,000

Price per SF: $88.07

Projected Cap Rate: 10.09%*

*Based on projected NOI from 2016 budget projections and existing leases and vacancies leased at asking

rate.

Bryan, Texas 77803

FOR SALE






Documents

111 EAST 27TH STREET