1355 FM 1484 - LoopNet · and reports and consulting appropriate independent professionals. MHW makes no warranties or representations regarding the veracity, completeness, or relevance

MH W RE A LEst at eC O MME R CIA L

THE SAMPLE MOBI BUILDING64 S Park Avenure Chicago, IL 60601

EXECUTIVE SUMMARY

1355 FM 14841355 FM 1484, CONROE, TEXAS 77301

BRADEN BIGGERSC: 936.524.7023O: [email protected]

For More Information:

MHW Brokerage Services, LLC // 25211 Grogan's Mill Road, Suite 110, The Woodlands, Texas 77380 // 281.651.4898 // http:mhwre.com


2LAND FOR SALE // CONFIDENTIAL OFFERING MEMORANDUM

3PROPERTY INFORMATION

8LOCATION INFORMATION

12FINANCIAL ANALYSIS

Associate

O: 936.524.7023C: 936.524.7023E: [email protected]

BRADEN BIGGERS

Presented By:

Contents Confidentiality & Disclaimer

All materials and information received or derived from MHW Real Estate, Inc. (“MHW”) its directors,officers, agents, advisors, affiliates and/or any third party sources are provided without representation orwarranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack ofcompliance with applicable governmental requirements, develop-ability or suitability, financialperformance of the property, projected financial performance of the property for any party’s intended useor any and all other matters.

Neither MHW its directors, officers, agents, advisors, or affiliates makes any representation or warranty,express or implied, as to accuracy or completeness of any materials or information provided, derived, orreceived. Materials and information from any source, whether written or verbal, that may be furnished forreview are not a substitute for a party’s active conduct of its own due diligence to determine these andother matters of significance to such party. MHW will not investigate or verify any such matters orconduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all informationand to conduct their own inspections and investigations including through appropriate third partyindependent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documentsand reports and consulting appropriate independent professionals. MHW makes no warranties orrepresentations regarding the veracity, completeness, or relevance of any financial data or assumptions.MHW does not serve as a financial advisor to any party regarding any proposed transaction. All data andassumptions regarding financial performance, including that used for financial modeling purposes, maydiffer from actual data or performance. Any estimates of market rents or projected rents that may beprovided to a party do not necessarily mean that rents can be established at or increased to that level.Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions, vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed bythe party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether theproperty complies with applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by MHW in compliance with all applicable fair housing and equalopportunity laws.

TABLE OF CONTENTS


PROPERTY INFORMATIONSECTION 1






OFFERING SUMMARY

Sale Price: $735,000

Lot Size: 9.8 Acres

Market: Houston

Submarket: North Houston -

Montgomery County

Price / SF: $1.72

PROPERTY OVERVIEW9.8 acres of land with an exceptional location and frontage on two streets. Perferctfor residential or commercial development. Developers bring an offer.

PROPERTY HIGHLIGHTS• - Minutes from Conroe-North Houston Regional Airport

• - Close to Downtown Conroe

• - Right around the corner from Loop 336, FM 3083 and Highway 105

• - Next Door to Anderson Elementary and the Montgomery County Women'sCenter.

• - Documentation from FEMA recognizing that the property has been raised out ofthe special flood hazard area

EXECUTIVE SUMMARY




PROPERTY OVERVIEW

9.8 acres of land with an exceptional location and frontage on twostreets. Perferct for residential or commercial development.Developers bring an offer.

LOCATION OVERVIEW

Exceptional investment property in close proximity to theConroe-North Houston Regional Airport. This 9.8 acres has frontageon Airport Rd. and frontage on East Dallas Street. Located next doorto the Montgomery County Women's Center and AndersonElementary School. Easy Access to Highway 105, Loop 336 and FM3083. Owner has documentation from FEMA recognizing that 7.28acres of the property has been elevated with fill and is not located ina special flood hazard area. Owner has a full set of plans signed andapproved by a City of Conroe Engineer for a 36 spot mobile homepark. Plans include general layout, sanitary sewer details, waterlinedetails and drainage requirements. Property also has two water tapsinstalled this could be a great opportunity for someone looking to doa small scale residential development, mobile home/ RV park orindustrial business park.

PROPERTY DESCRIPTION




SALE HIGHLIGHTS

• - Minutes from Conroe-North Houston Regional Airport

• - Close to Downtown Conroe

• - Right around the corner from Loop 336, FM 3083 and Highway

105

• - Next Door to Anderson Elementary and the Montgomery County

Women's Center.

• - Documentation from FEMA recognizing that the property has

been raised out of the special flood hazard area

COMPLETE HIGHLIGHTS




ADDITIONAL PHOTOS


LOCATION INFORMATIONSECTION 2






Conroe, TX

REGIONAL MAP




LOCATION MAPS




AERIAL MAPS


FINANCIAL ANALYSISSECTION 3






INVESTMENT OVERVIEW

Price $735,000

Price per SF $1.72

CAP Rate -

Cash-on-Cash Return (yr 1) - %

Total Return (yr 1) -

Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income -

Other Income -

Total Scheduled Income -

Vacancy Cost -

Gross Income -

Operating Expenses -

Net Operating Income -

Pre-Tax Cash Flow -

FINANCING DATA

Down Payment -

Loan Amount -

Debt Service -

Debt Service Monthly -

Principal Reduction (yr 1) -

FINANCIAL SUMMARY




TX #612428

BRADEN BIGGERS

Associate

[email protected]: 936.524.7023 | Cell: 936.524.7023

MHW BROKERAGE SERVICES, LLC25211 Grogan's Mill Road, Suite 110

The Woodlands, TX 77380281.651.4898

ADVISOR BIO 1


Documents

1355 FM 1484 - LoopNet · and reports and consulting appropriate independent professionals. MHW makes no warranties or representations regarding the veracity, completeness, or relevance