DUGAS PROFESSIONAL BUILDING - LoopNet · • Commence aggressive leasing efforts to lease the remaining space. ... • Some individual REATA Partners and affiliates will be co-investing

DUGAS PROFESSIONAL BUILDING

OFFERING MEMORANDUM

9410 DUGAS DRIVE IN SAN ANTONIO, TX 78254

DAVID BALLARD, CCIM / PARKER LABARGE


TABLE OF CONTENTS

The information contained was obtained from sources believed reliable, however, REATA Real Estate Services, LP, makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this project is submitted subject to the errors, omissions and change of price or conditions prior to lease or withdrawal.

©REATA REAL ESTATE SERVICES, LP

SECTION I.. ... ... ... ... ... ... ... EXECUTIVE SUMMARY

SECTION II. ... ... ... ... ... ... ... FINANCIAL OVERVIEW PROPERTY DETAILS INVESTMENT SUMMARY DEAL STRUCTURE PRICING ANALYSIS KEY TENANT PROFILES

SECTION III ... ... ... ... ... ... ... PROPERTY OVERVIEW MAP AERIALS SURVEY PHOTOS

SECTION IV... ... ... ... ... ... ... TRADE AREA OVERVIEW TRADE AREA OVERVIEW ARTICLES DEMOGRAPHICS

SECTION V ... ... ... ... ... ... ... AGENCY DISCLOSURE

DUGAS PROFESSIONAL BUILDING SECTION I

RARE MEDICAL REAL ESTATE INVESTMENT OPPORTUNITY IN FAST-GROWING WESTOVER HILLSDr. Jesus Rodriguez (DPC Dugas, LLC) is pleased to present an opportunity to acquire a fee simple interest in the Dugas Professional Building. This new medical building enjoys excellent access and exposure to Potranco Road between Loop 1604 and Highway 151 within easy reach of Westover Hills Medical Center in the booming Westover Hills trade area.

Westover Hills has experienced dramatic growth in recent years due to explosive residential development. This growth has attracted many of San Antonio’s largest employers including Christus Santa Rosa Hospital. The presence of a major medical center and area demand have transformed Westover Hills into one of the city’s most desirable healthcare real estate markets.

The Dugas Professional Building occupies approximately 16,258 SF in four suites; three of which are occupied: one by Dugas Family Dental: one by Your Family Medical Home and one by Behavior Keys.

INVESTMENT HIGHLIGHTS• Premier location for medical offices within easy reach of Christus Santa Rosa Hospital, Baptist

Emergency Room and other medical facilities

• Ideally positioned to take advantage of high traffic volume and amenities on Potranco Road.

• Significant value-add component through the leasing of available space

PROJECT OPPORTUNITYDr. Rodriguez was able to act quickly to secure a contract with REATA’s help to purchase the Dugas Professional Building for $2,700,000 ($166.07 PSF).

This project offers a great opportunity for a true value-add investment in the Westover Hills trade area. Other shell medical buildings in the area are being sold for over $200 PSF.

EXECUTIVE SUMMARY

DUGAS PROFESSIONAL BUILDING SECTION I

PROJECT GOALSThe investment group will stabilize and improve the asset by leasing the last remaining vacancy to one or potentially two tenants. We will simultaneously restripe the parking lot and make minor repairs as needed. The plan will be implemented as follows:

• Purchase the asset.

• Commence aggressive leasing efforts to lease the remaining space.

• Upon stabilization make quarterly operating cash flow distributions to the ownership group of the asset.

PRICE RETURN UPON STABILIZATIONDr. Rodriguez projects a leveraged IRR of 17.59% on a five (5) year hold.

SPONSOR COMMITMENTDr. Rodriguez, other tenants and the leasing team (David Ballard, CCIM and Parker LaBarge) will be investing in the asset.

CONTACTSDAVID BALLARD, CCIM PARTNER 210.841.3239 [email protected]

PARKER LABARGE SENIOR ASSOCIATE 210.841.3207 [email protected]

EXECUTIVE SUMMARY


DEMOGRAPHIC SNAPSHOT 1 Miles 3 Miles 5 Miles

2016 Estimated Population 21,617 122,530 261,156

2016 Estimated Households 6,829 40,068 82,185

Daytime Population 2,149 31,033 78,000

Average Household Income $72,895 $69,847 $70,326

SECTION II

PRICE $2,700,000

YEAR ONE NOI $275,217

ADDRESS 9410 Dugas Drive San Antonio, TX 78245

PROJECT SIZE 16,258 SF

SIZE AVAILABLE 3,965 SF

RENTAL RATE $20.00 PSF

TRIPLE NET CHARGES $7.00 PSF

PARKING RATIO 6:1,000

KEY TENANTS Dugas Family Dental, Behavior Keys and Your Family Medical Home

OCCUPANCY Preleased — 75%

PROPERTY DETAILS

DUGAS PROFESSIONAL BUILDING SECTION II

GLA 16,258 SF

PURCHASE PRICE $2,700,000

PRICE PSF $166.07

ADDITIONAL COSTS $884,410 in tenant improvements, commissions, closing costs & cash reserves at closing, not included in purchase price

TOTAL PRICE $3,538,722 AT STABILIZATION

ACQUISITION FINANCING $2,654,362 AT STABILIZATION

ESTIMATED LOAN TO VALUE 75% AT STABILIZATION

INTEREST RATE 4.35% — interest only months 1—18; converts to amortizing loan upon expiration in month 18

LOAN TERM Five (5) years

AMORTIZATION SCHEDULE 25 years

ESTIMATED RETURNS Hold Period / 5 years Leveraged IRR / 17.59%

EQUITY RAISE $885,000

INVESTMENT SUMMARY


• The proposed deal structure is a Joint Venture (JV) whereby equity contributors will be limit-ed partners in a to-be-formed single-purpose entity with a to-be-formed entity as its General Partner.

• It is further proposed that the to-be-formed entity as General Partner and affiliates will guar-anty the loan.

• The to-be-formed entity as General Partner will draw up to $2.654 million in total loan pro-ceeds to lease, renovate and stabilize this project.

• Cash flow from operations or sale activity will be used to pay off debt.

• Remaining cash flow from operations or sale activity will then be used to repay equity.

• Equity to get an 8% preferred return.

• Upon Equity receiving their preferred return, any remaining cash flow available for distribution will be distributed according to the following participation:

EQUITY — 50%

TO-BE-FORMED ENTITY, GENERAL PARTNER — 50%

• Redevelopment capitalization will be a function of the most viable development plan as deter-mined by the General Partner.

• Any and all necessary additional equity raise and/or corresponding debt will be a function of the direction chosen by the partnership.

• Some individual REATA Partners and affiliates will be co-investing.

• REATA Real Estate Services will collect typical fees for acquiring (3%), leasing (6%), and man-aging the project (4%).

DEAL STRUCTURE


EXAMPLE

DR. A — $100,000 EQUITY — LIMITED PARTNER

• Equity= $100,000= approximately 11% of the total equity contributed.

• Dr. A will receive a preferred return of 8% ON the equity.

For example: 8% of $100,000 would be $8,000 assuming stabilization of building in Year 1.

• Once an 8% preferred return is distributed, any remaining cash flow available for distribution will distributed according to the following participation:

EQUITY — 50%

GENERAL PARTNER — 50%

For example: $50,000 is to be distributed after preferred return is paid. Equity would receive 50% or $25,000. Of the $25,000, Dr. A would receive $2,750 as additional distribution.

• The same would apply to a sale of the property. Upon sale of the property, Equity would re-ceive a preferred return of 8% ON their investment. Then, Equity would receive 100% OF their investment. Upon Equity receiving a return ON and OF equity, any remaining cash flow avail-able for distribution will be distributed according to the following participation:

EQUITY — 50%

GENERAL PARTNER — 50%

For example: $1,000,000 is to be distributed after a return of 100% of contributed equity, eq-uity would receive 50% or $500,000. Of the $500,000, Dr. A would receive $55,000 or 20% as a return ON his investment

Broker makes no representations or warranties as to the accuracy of this document, which has been prepared solely for example purposes and not for providing a legal interpretation of partnership and investment interests. The parties are advised to consult with their legal counsel and/or their accountants as to all partnership papers and investment interest and their respective obliga-tions.

DEAL STRUCTURE


PRICING ANALYSIS

SECTION II

*Results displayed are based on Forecast data only. Printed on: 4/5/2017 10:07:27 AM

Page: 1 of 2

PropertyName

Suite Tenant Name Lease Type Lease Status Lease Begin Lease End Term (Months)

InitialArea (SF)

LeaseStatus

CurrentArea (SF)

RemainingMonths

AnnualizedBase Rent

AnnualizedPer Area

MonthlyBase Rent

11,999 11,999 223,814 18.65 18,651

11,999 11,999 223,814 18.65 18,651

Dugas Professional Building 101 Dugas Family Dental Office Contract 8/1/2017 7/31/2024 84 4,040 Contract 4,040 84 70,700 17.50 5,892

Dugas Professional Building 103 Behavior Keys Office Contract 8/1/2017 10/31/2027 123 3,915 Contract 3,915 123 78,300 20.00 6,525

Dugas Professional Building 104 Your Family Medical Home Office Contract 8/1/2017 7/31/2027 120 4,044 Contract 4,044 120 74,814 18.50 6,235

11,999 11,999 223,814 18.65 18,651Report Total

Initial Lease Info Current Status and Rent

Center Acquisition Budget

Purchase:

Center Purchase 2,700,000.00

Closing CostsLegal 7,500Insurance 2,000Misc. Closing Costs 1,000

Improvements 600,000

Leasing Commissions and Leasing Legal 195,000

Legal Entity Formation 7,500

Civil EngineeringSurvey 5,000

Appraisal 4,000

3,522,000

Financing

Bank Loan:

Borrower's Legal 2,000

Lender's Legal 1,500

Origination Fee

Fee % 0.50%

Loan Amount $2,654,362 13,272

16,772

Total Projected Cost 3,538,772$

Return ProjectionDebt 2,654,362$ 75.01%Equity 884,410$ 24.99%

NOI 223,814$ Annual Debt Service 114,277$ Financial Statement/Tax Return 2,500$

DSCR 1.96 x

Annual Cashflow 107,037$ Cash on Cash Return 12.10%

9410 Dugas - PurchaseProjected Budget Worksheet


Purchase:







Appraisal 4,000

3,522,000

Financing

Bank Loan:



Origination Fee

Fee % 0.50%

Loan Amount $2,654,362 13,272

16,772



NOI 223,814$ Annual Debt Service 114,277$ Financial Statement/Tax Return 2,500$

DSCR 1.96 x


9410 Dugas - PurchaseProjected Budget Worksheet

BUDGET at purchase

RENT ROLL at purchase


PRICING ANALYSIS

SECTION II

*Results displayed are based on Forecast data only. Printed on: 4/5/2017 10:11:09 AM

Page: 1 of 2

PropertyName

Suite Tenant Name Lease Type Lease Status Lease Begin Lease End Term (Months)

InitialArea (SF)

LeaseStatus

CurrentArea (SF)

RemainingMonths

AnnualizedBase Rent

AnnualizedPer Area

MonthlyBase Rent

15,964 15,964 299,149 18.74 24,929

15,964 15,964 299,149 18.74 24,929

Dugas Professional Building 101 Dugas Family Dental Office Contract 8/1/2017 7/31/2024 84 4,040 Contract 4,040 78 70,700 17.50 5,892

Dugas Professional Building 103 Behavior Keys Office Contract 8/1/2017 10/31/2027 123 3,915 Contract 3,915 117 78,300 20.00 6,525

Dugas Professional Building 104 Your Family Medical Home Office Contract 8/1/2017 7/31/2027 120 4,044 Contract 4,044 114 74,814 18.50 6,235

Dugas Professional Building 102 Physical Therapy Office Speculative 2/1/2018 3/31/2025 86 3,965 Speculative 3,965 86 75,335 19.00 6,278

15,964 15,964 299,149 18.74 24,929Report Total

Initial Lease Info Current Status and Rent


Purchase:







Appraisal 4,000

3,522,000

Financing

Bank Loan:



Origination Fee

Fee % 0.50%

Loan Amount $2,654,362 13,272

16,772



NOI 299,149$ Annual Debt Service 114,277$ Vacancy Reserve 23,932$ Financial Statement/Tax 2,500$

DSCR 2.62 x


9410 Dugas - StabilizationProjected Budget Worksheet


Purchase:







Appraisal 4,000

3,522,000

Financing

Bank Loan:



Origination Fee

Fee % 0.50%

Loan Amount $2,654,362 13,272

16,772



NOI 299,149$ Annual Debt Service 114,277$ Vacancy Reserve 23,932$ Financial Statement/Tax 2,500$

DSCR 2.62 x


9410 Dugas - StabilizationProjected Budget Worksheet

BUDGET at stabilization

RENT ROLL at stabilization


KEY TENANT PROFILES

SECTION II

Dugas Family Dental specializes in beautifying smiles, maintaining dental health and improving patient ap-pearance with implants, fillings, crowns, bridges and dentures which look as good or better than natural teeth.

Dr. Robert Almaguer, the practice’s principal, has spe-cialized in general/family dentistry since 1992. He built the Dugas Professional Building.

Behavior Keys serves clients across the Autism spec-trum as well as those suffering the effects of ASP and other developmental disorders. The group works with families to develop programs which build on each child’s unique strengths, while accomodating individual differ-ences and learning styles to build academic, social, and life skills.

In business for over 30 years, Behavior Keys operates three locations in San Antonio.

Since 1985, Family Medical Home has worked to im-prove individual, family and community health through up-to-date, evidence-based medicine. The group strives to offer continuous, comprehensive care through illness and wellness in a warm, caring environment.

SF 3,915 SF% OF OFFICE BUILDING 24.08%IN PLACE RENT $20.00 PSF NNN RENT BUMPS $0.50 ANNUALLY TERM 123 MONTHS ABATED RENT 3 MONTHS

BEHAVIORKEYS.COM

SF 4,040 SF% OF OFFICE BUILDING 24.85%IN PLACE RENT $17.50 PSF NNN RENT BUMPS 2% ANNUALLY TERM 84 MONTHS

DUGASFAMILYDENTAL.COM

SF 4,044 SF% OF OFFICE BUILDING 24.87%IN PLACE RENT $18.50 PSF NNN RENT BUMPS 2% ANNUALLY, AFTER FIRST 3 YEARS TERM 120 MONTHS

FAMILYMEDICALHOME.COM


MAPS

SECTION III



160

4

151

151

160

4

POTRANCO RDD

UG

AS

DUGAS

N ELLISO

N D

RIV

E

MILITARY DR W

WESTO VER HILLS BLVD

CULEBRA

HU

NT LN

John Paul StevensHigh School

WESTOVER HILLSREHABILITATION

WE LIVE OUTDOORS

WESTOVER MARKETPLACE

HEALTH TEXAS MEDICAL GROUP

WARM SPRINGS REHABILITATION

PROMOTION PHYSICAL THERAPY

CORPORATEOFFICERobert L. Vale

Middle School

CORPORATEOFFICE

CORPORATEOFFICE

SUBJECT

POTRANCO RD28,113 CPD

5,216 CPD

6,011 CPD

AERIALS

SECTION III


John Paul StevensHigh School

POTRANCO RD

28,113 CPD

POTRANCO RD

DUGAS

DU

GA

S

SUBJECT

AERIALS

SECTION III


SURVEY

SECTION III


PHOTOS

SECTION III


WESTOVER HILLS OVERVIEW

OVERVIEW

High traffic counts, a strong daytime population and explosive home lot growth in adjacent res-idential markets have made Westover Hills a hotbed of activity.

Located on the axis of Loop 410 and Stotzer Freeway (State Highway 151), Westover Hills offers the best route to the Central Business District for residents living outside of Loop 410 and Loop 1604 from Highway 90 to just beyond Culebra Road. Westover Hills is also home to some of the city’s largest employers including SeaWorld, Northwest Vista College, several corporate cam-puses, numerous data centers and medical facilities.

MAJOR RETAIL CENTERSWESTOVER MARKETPLACESuper Target, Lowe’s Home Improvement, Petsmart and Ross Dress for Less

MILITARY CROSSINGAcademy Sports & Outdoors, Harbor Freight Tools and LA Fitness

OTHER TRADE AREA ANCHORSWalmart Supercenter and Home Depot

THEME PARKSeaWorld

ALAMO COLLEGE DISTRICT MEMBER Northwest Vista College

CORPORATE CAMPUSES NSA, Nationwide Insurance and Texas Biomedical Research Institute

DATA CENTERS Fred Loya, Microsoft, Petco, QVC, The Hartford and Wells Fargo

HOSPITALS Christus Santa Rosa Westover Hills and Baptist Emergency Hospital

SECTION IV


COMMERCIAL DEVELOPMENT RAMPS UP IN WESTOVER HILLS

BY BEXAR WITNESS STAFF BEXARWITNESS.COM — FEBRUARY 26, 2014

THE EVOLUTION OF WESTOVER HILLSOnce the site of a visit from Pope John Paul II almost 30 years ago, the far West San An-tonio neighborhood of Westover Hills has evolved from a sprawl-ing, master-planned subdivision into one of the city’s hot spots for business development. Several well-established companies, and even a local utility, recently have announced plans for development.Frost Bank announced it would develop an office complex that will ulti-mately accommodate more than 300 employ-ees presently housed at the downtown-based Rand building, which the lender recently sold. The new Frost Bank facil-ity will be built on a 25-acre tract along Rogers Run in Westover Hills. In the same area, some 10 acres of land along Rog-ers Road already is the site for Frost Bank’s $50 million, 71,000-square-foot data center, which opened in 2009. Anoth-er company and a utility each have a new data center in the works in Westover Hills.

Dallas-based firm CyrusOne has broken ground on a data center, which includes 180,000 square feet of raised floor space, and 22,000 square feet of Class A office space. This proj-ect’s first phase, slat-ed for completion this summer, will feature a building out of 50,000 square feet of raised floor space and 14,000 square feet of office space. CyrusOne’s new data center will be built only a few miles from the firm’s first local facility, an 110,000-square-foot structure.

CPS Energy is starting work on a $34 million data center meant to replace aging down-town structures that currently house the util-

ity’s computer systems. CPS Energy expects to finish constructing its 66,000-square-foot center in April 2015, planning to move com-puter servers and da-ta-storage equipment from its two present data centers over the rest of the year. The utility’s new data cen-ter will be located along Richland Hills Drive near State Highway 151.

Westover Hills has be-come a hub of sorts, locally, for the develop-ment of data centers, as companies such as Mic-rosoft Corp. and Stream Data Centers have made significant investments in the community.

Two local hospitals, also, are contributing

to Westover Hills’ com-mercial growth. In Jan-uary, Christus Santa Rosa Hospital-Westover Hills opened its third freestanding medi-cal office building, a 70,000 -square-foot structure which rep-resents an extra $12 mil-lion investment in the neighborhood hospital campus. Representa-tives from the retail-er Kohl’s recently ap-peared at Christus Santa Rosa Hospital-Westover Hills to present a check for more than $112,000 toward the Children’s Hospital of San Anto-nio’s Pediatric Mobile Clinic. The money will help support Christus free immunizations for children and teenagers in the region.

ARTICLES

SECTION IV


FAST-GROWING WESTOVER HILLS A HOTSPOT WITH MORE MULTIFAMILY, HOSPITALITY DEVELOPMENTS

BY KATIE BURKE SAN ANTONIO BUSINESS JOURNAL — NOVEMBER 9, 2015

A flurry of development has hit Westover Hills, with a multifamily ex-pansion and a hotel de-velopment soon to hit the area’s fast-growing pipeline of projects.

Fueling the region’s strengthening demo-graphics, the once sprawling neighborhood in Far West San Antonio is being transformed into a centralized hub for businesses, a shift that has catapulted ad-ditional residential, com-mercial and retail devel-opment.

Tapping into that growth, Washington, D.C.-based Dalian Development announced plans for the second phase of its 360-unit Dalian Mon-terrey Village. The next step would add an addi-tional 360 units to the development, the initial phase for which spans 15 acres and was just re-cently completed.

The first phase of Da-lian’s development at 10102 Ingram Road has an appraisal value of nearly $18.9 million — about $2.2 million for the land and more than $16.7 million for the con-struction work. Given

the similarities between the two phases — same number of units, same amenities and the same floorplan sizes — it would be safe to say this next step of construction will come with a price tag in that ball park.

Dalian Vice President of Development Brady Nolan said that the firm is pursuing the second phase in an effort to respond to the growing market. He added that the area’s multifami-ly growth is proof that Westover Hills is ready for an even higher quali-ty product, which Dalian is ready to deliver with

the second leg for Da-lian Monterrey Village.

Westover Hills, the home of Microsoft Corp.’s (NYSE: MSFT) expand-ing data center, will also soon be getting another hotel. A four-story, $4 million Marriott Towne-place Suites is slated for Westover Hills Blvd., close to large corpora-tions such as Microsoft, CyrusOne, Frost Bank’s new offices and data center, among others.

As I wrote about last week, the southwest quadrant of State High-way 151 and Loop 410 in Westover Hills will soon be home to a 576-unit

mixed multifamily-hotel development.

The ISOLA-San Antonio, the developer for which is Austin-based Accord Interests, will be a $40 million investment in the area that will deliver a mix of hotel units with high-end apartments.

Accord founder Joe Mansour told me earli-er that Westover Hills is the ideal location for the next ISOLA devel-opment given the area’s amenities and economic growth, two trends that are only expected to amplify as construction in the area continues to pick up speed.

ARTICLES

THE 360-UNTI DALIAN MONTERREY VILLAGE IS TAPPING INTO WESTOVER HILLS’ RECENT GROWTH AS IT HEADS INTO ITS SECOND PHASE, WHICH WILL DOUBLE THE SIZE OF THE COMPLEX.

SECTION IV


DEMOGRAPHICS

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 1 of 3©2017, Sites USA, Chandler, Arizona, 480-491-1112

Thi

s re

port

was

pro

duce

d us

ing

data

from

priv

ate

and

gove

rnm

ent s

ourc

es d

eem

ed to

be

relia

ble.

The

info

rmat

ion

here

in is

pro

vide

d w

ithou

t rep

rese

ntat

ion

or w

arra

nty.

FULL PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 29.4373/-98.6780RF1

Dugas Professional Building1 mi radius 3 mi radius 5 mi radius

9410 Dugas Dr, San Antonio, TX 78245-1002

PO

PU

LATI

ON

2016 Estimated Population 21,617 122,530 261,1562021 Projected Population 23,838 135,077 286,2722010 Census Population 19,896 108,489 229,1932000 Census Population 8,834 63,088 156,042Projected Annual Growth 2016 to 2021 2.1% 2.0% 1.9%Historical Annual Growth 2000 to 2016 9.0% 5.9% 4.2%

HO

US

EH

OLD

S 2016 Estimated Households 6,829 40,068 82,1852021 Projected Households 7,221 42,491 86,9672010 Census Households 6,551 36,572 74,2392000 Census Households 2,708 21,325 50,032Projected Annual Growth 2016 to 2021 1.1% 1.2% 1.2%Historical Annual Growth 2000 to 2016 9.5% 5.5% 4.0%

AG

E

2016 Est. Population Under 10 Years 15.9% 16.1% 15.8%2016 Est. Population 10 to 19 Years 16.3% 15.9% 15.7%2016 Est. Population 20 to 29 Years 16.0% 16.7% 17.0%2016 Est. Population 30 to 44 Years 24.3% 23.3% 22.8%2016 Est. Population 45 to 59 Years 16.4% 16.3% 16.3%2016 Est. Population 60 to 74 Years 8.9% 9.3% 9.6%2016 Est. Population 75 Years or Over 2.2% 2.5% 2.9%2016 Est. Median Age 30.5 30.2 30.6

MA

RIT

AL

STA

TUS

&

GE

ND

ER

2016 Est. Male Population 48.6% 48.6% 49.5%2016 Est. Female Population 51.4% 51.4% 50.5%

2016 Est. Never Married 33.4% 33.2% 32.7%2016 Est. Now Married 45.1% 46.1% 45.9%2016 Est. Separated or Divorced 18.7% 17.5% 17.8%2016 Est. Widowed 2.9% 3.1% 3.7%

INC

OM

E

2016 Est. HH Income $200,000 or More 1.8% 2.2% 2.4%2016 Est. HH Income $150,000 to $199,999 2.6% 4.0% 4.7%2016 Est. HH Income $100,000 to $149,999 15.6% 15.2% 15.0%2016 Est. HH Income $75,000 to $99,999 22.5% 17.0% 15.5%2016 Est. HH Income $50,000 to $74,999 23.9% 21.6% 21.4%2016 Est. HH Income $35,000 to $49,999 14.2% 13.2% 13.7%2016 Est. HH Income $25,000 to $34,999 9.1% 10.3% 9.8%2016 Est. HH Income $15,000 to $24,999 5.3% 8.5% 8.6%2016 Est. HH Income Under $15,000 5.1% 8.0% 8.8%2016 Est. Average Household Income $72,895 $69,847 $70,3262016 Est. Median Household Income $66,514 $62,167 $61,7992016 Est. Per Capita Income $23,032 $22,842 $22,588

2016 Est. Total Businesses 197 1,881 4,5602016 Est. Total Employees 2,149 31,033 78,000

SECTION IV


DEMOGRAPHICS


Thi

s re

port

was

pro

duce

d us

ing

data

from

priv

ate

and

gove

rnm

ent s

ourc

es d

eem

ed to

be

relia

ble.

The

info

rmat

ion

here

in is

pro

vide

d w

ithou

t rep

rese

ntat

ion

or w

arra

nty.


Lat/Lon: 29.4373/-98.6780RF1



RA

CE

2016 Est. White 65.4% 67.9% 69.7%2016 Est. Black 10.9% 10.1% 8.8%2016 Est. Asian or Pacific Islander 4.4% 3.5% 3.1%2016 Est. American Indian or Alaska Native 0.7% 0.8% 0.8%2016 Est. Other Races 18.6% 17.7% 17.7%

HIS

PA

NIC 2016 Est. Hispanic Population 13,413 78,567 166,201

2016 Est. Hispanic Population 62.0% 64.1% 63.6%2021 Proj. Hispanic Population 62.9% 65.0% 64.6%2010 Hispanic Population 62.0% 64.6% 64.0%

ED

UC

ATI

ON

(Adu

lts 2

5 or

Old

er)

2016 Est. Adult Population (25 Years or Over) 13,000 73,481 157,2322016 Est. Elementary (Grade Level 0 to 8) 4.4% 4.6% 5.1%2016 Est. Some High School (Grade Level 9 to 11) 5.6% 6.9% 7.4%2016 Est. High School Graduate 25.4% 26.0% 26.4%2016 Est. Some College 29.0% 28.9% 28.8%2016 Est. Associate Degree Only 9.5% 9.9% 9.3%2016 Est. Bachelor Degree Only 18.7% 15.9% 15.3%2016 Est. Graduate Degree 7.3% 7.9% 7.6%

HO

US

ING 2016 Est. Total Housing Units 7,111 41,443 84,709

2016 Est. Owner-Occupied 63.7% 59.0% 62.6%2016 Est. Renter-Occupied 32.4% 37.6% 34.5%2016 Est. Vacant Housing 4.0% 3.3% 3.0%

HO

ME

S B

UIL

T B

Y Y

EA

R 2010 Homes Built 2005 or later 22.7% 19.9% 18.8%2010 Homes Built 2000 to 2004 23.4% 19.3% 14.9%2010 Homes Built 1990 to 1999 10.1% 16.2% 15.4%2010 Homes Built 1980 to 1989 20.0% 18.9% 20.9%2010 Homes Built 1970 to 1979 12.9% 13.9% 15.8%2010 Homes Built 1960 to 1969 2.7% 6.7% 7.9%2010 Homes Built 1950 to 1959 2.8% 3.2% 4.0%2010 Homes Built Before 1949 1.9% 2.4% 2.6%

HO

ME

VA

LUE

S

2010 Home Value $1,000,000 or More 0.1% 0.1% 0.1%2010 Home Value $500,000 to $999,999 0.5% 0.6% 0.6%2010 Home Value $400,000 to $499,999 0.3% 0.3% 0.6%2010 Home Value $300,000 to $399,999 1.5% 1.5% 1.9%2010 Home Value $200,000 to $299,999 6.8% 7.4% 8.1%2010 Home Value $150,000 to $199,999 21.7% 19.8% 18.1%2010 Home Value $100,000 to $149,999 39.8% 34.3% 33.7%2010 Home Value $50,000 to $99,999 26.5% 32.1% 31.9%2010 Home Value $25,000 to $49,999 1.6% 2.5% 3.1%2010 Home Value Under $25,000 1.2% 1.4% 2.0%2010 Median Home Value $128,500 $122,777 $122,1592010 Median Rent $961 $733 $731

SECTION IV


DEMOGRAPHICS


Thi

s re

port

was

pro

duce

d us

ing

data

from

priv

ate

and

gove

rnm

ent s

ourc

es d

eem

ed to

be

relia

ble.

The

info

rmat

ion

here

in is

pro

vide

d w

ithou

t rep

rese

ntat

ion

or w

arra

nty.


Lat/Lon: 29.4373/-98.6780RF1



LAB

OR

FO

RC

E

2016 Est. Labor Population Age 16 Years or Over 16,039 91,025 195,6762016 Est. Civilian Employed 68.8% 66.5% 64.1%2016 Est. Civilian Unemployed 2.6% 2.2% 2.0%2016 Est. in Armed Forces 1.3% 1.4% 2.4%2016 Est. not in Labor Force 27.3% 29.9% 31.5%2016 Labor Force Males 48.0% 47.8% 49.0%2016 Labor Force Females 52.0% 52.2% 51.0%

OC

CU

PA

TIO

N

2010 Occupation: Population Age 16 Years or Over 9,043 49,005 97,9742010 Mgmt, Business, & Financial Operations 12.3% 11.8% 12.6%2010 Professional, Related 23.3% 20.8% 20.4%2010 Service 20.9% 19.2% 19.5%2010 Sales, Office 29.8% 30.7% 29.7%2010 Farming, Fishing, Forestry - - 0.1%2010 Construction, Extraction, Maintenance 6.3% 8.8% 9.2%2010 Production, Transport, Material Moving 7.3% 8.6% 8.6%2010 White Collar Workers 65.5% 63.3% 62.7%2010 Blue Collar Workers 34.5% 36.7% 37.3%

TRA

NS

PO

RTA

TIO

NTO

WO

RK

2010 Drive to Work Alone 82.3% 82.5% 80.4%2010 Drive to Work in Carpool 12.9% 12.7% 11.4%2010 Travel to Work by Public Transportation 0.3% 1.1% 1.5%2010 Drive to Work on Motorcycle 0.3% 0.3% 0.3%2010 Walk or Bicycle to Work 0.3% 0.6% 1.8%2010 Other Means 0.9% 0.9% 1.1%2010 Work at Home 3.0% 2.0% 3.4%

TRA

VE

L TI

ME 2010 Travel to Work in 14 Minutes or Less 15.1% 17.8% 18.0%

2010 Travel to Work in 15 to 29 Minutes 50.2% 46.6% 43.6%2010 Travel to Work in 30 to 59 Minutes 31.7% 32.6% 34.8%2010 Travel to Work in 60 Minutes or More 3.0% 3.0% 3.6%2010 Average Travel Time to Work 23.7 23.1 23.8

CO

NS

UM

ER

EX

PE

ND

ITU

RE

2016 Est. Total Household Expenditure $387 M $2.20 B $4.52 B2016 Est. Apparel $13.6 M $77.1 M $159 M2016 Est. Contributions, Gifts $24.0 M $140 M $292 M2016 Est. Education, Reading $14.1 M $82.1 M $171 M2016 Est. Entertainment $21.8 M $123 M $254 M2016 Est. Food, Beverages, Tobacco $60.4 M $341 M $701 M2016 Est. Furnishings, Equipment $13.4 M $75.2 M $155 M2016 Est. Health Care, Insurance $33.7 M $191 M $393 M2016 Est. Household Operations, Shelter, Utilities $119 M $679 M $1.40 B2016 Est. Miscellaneous Expenses $5.72 M $32.5 M $66.7 M2016 Est. Personal Care $5.08 M $28.7 M $59.0 M2016 Est. Transportation $76.3 M $427 M $875 M

SECTION IV


DEMOGRAPHICS

Medical Expenditures9410 Dugas Dr, San Antonio, Texas, 78245 Prepared by EsriRing: 1 mile radius Latitude: 29.43720

Longitude: -98.67855

Demographic Summary 2016 2021Population 22,287 24,264Households 7,166 7,802Families 5,305 5,702Median Household Income $59,833 $65,665Males per 100 Females 94.6 94.2

Population By AgePopulation <5 Years 8.4% 8.5%Population 65+ Years 7.2% 7.8%Median Age 31.0 30.8

Spending Potential

Average Amount Index Spent Total

Health Care 85 $4,486.73 $32,151,921

Medical Care 84 $1,619.64 $11,606,314Physician Services 91 $225.11 $1,613,159Dental Services 85 $299.86 $2,148,796Eyecare Services 83 $50.32 $360,586Lab Tests, X-Rays 87 $53.99 $386,875Hospital Room and Hospital Services 88 $155.22 $1,112,287Convalescent or Nursing Home Care 84 $25.78 $184,714Other Medical services (1) 86 $93.28 $668,464Nonprescription Drugs 85 $105.75 $757,810Prescription Drugs 80 $336.01 $2,407,824Nonprescription Vitamins 88 $60.26 $431,834Medicare Prescription Drug Premium 69 $65.70 $470,804Eyeglasses and Contact Lenses 82 $73.76 $528,589Hearing Aids 75 $17.42 $124,855Medical Equipment for General Use 89 $3.97 $28,476Other Medical Supplies/Equipment (2) 89 $53.20 $381,242

Health Insurance 85 $2,867.10 $20,545,606Blue Cross/Blue Shield 87 $992.00 $7,108,678Fee for Service Health Plan 94 $711.54 $5,098,872HMO 91 $572.01 $4,099,033Medicare Payments 70 $378.73 $2,713,969Long Term Care Insurance 69 $64.94 $465,370Other Health Insurance (3) 67 $147.88 $1,059,683

Data Note: The Spending Potential Index (SPI) is household-based, and represents the amount spent for a product or service relative to a national average of 100. Detail may not sum to totals due to rounding.(1) Other Medical Services includes Services by Medical Professionals other than Physicians, Nursing Services, Therapeutic Treatments, Blood Donation, Ambulance, Emergency Room, and Outpatient Hospital Services(2) Other Medical Supplies includes Topicals, Dressings, Supportive and Convalescent Medical Equipment, Rental of Medical Equipment for General Use, and Rental of Supportive and Convalescent Medical Equipment.(3) Other Health Insurance includes Medicare Supplements and Other Health Insurance excluding Blue Cross/Blue Shield.Source: Esri forecasts for 2016 and 2021; Consumer Spending data are derived from the 2013 and 2014 Consumer Expenditure Surveys, Bureau of Labor Statistics.

August 01, 2016

©2016 Esri Page 1 of 3

MEDICAL EXPENDITURES 1 MILE RADIUS

DATA NOTE The Spending Potential Index (SPI) is household-based, and represents the amount spent for a product or service relative to a national average of 100. Detail may not sum to totals due to rounding.

(1) OTHER MEDICAL SERVICES include Services by Medical Professionals other than physicians, Nursing Services, Therapeutic Treatments, Blood Donation, Ambulance, Emergency Room and Outpatient Hospital Services.

(2) OTHER MEDICAL SUPPLIES includes Topicals, Dressings, Supportive and Convalescent Medical Equipment, Rental of Medical Equipment for General Use and Rental of Supportive and Convalescent Medical Equipment.

(3) OTHER HEALTH INSURANCE includes Medicare Supplements and Other Health Insurance excluding Blue Cross/Blue Shield.

SOURCE Esri forecasts for 2014 and 2019; Consumer Spending date is derived from the 2011 and 2012 Consumer Expenditure Surveys, Bureau of Labor Statistics.

SECTION IV


DEMOGRAPHICS





Spending Potential


Health Care 83 $4,376.96 $180,426,946

Medical Care 82 $1,580.39 $65,146,958Physician Services 87 $217.46 $8,963,944Dental Services 82 $290.33 $11,968,123Eyecare Services 82 $49.31 $2,032,621Lab Tests, X-Rays 85 $52.63 $2,169,463Hospital Room and Hospital Services 86 $150.65 $6,210,024Convalescent or Nursing Home Care 80 $24.43 $1,007,135Other Medical services (1) 83 $90.09 $3,713,775Nonprescription Drugs 83 $103.60 $4,270,565Prescription Drugs 79 $332.27 $13,696,832Nonprescription Vitamins 85 $58.29 $2,402,704Medicare Prescription Drug Premium 71 $67.01 $2,762,381Eyeglasses and Contact Lenses 80 $71.73 $2,956,807Hearing Aids 75 $17.37 $715,935Medical Equipment for General Use 85 $3.82 $157,635Other Medical Supplies/Equipment (2) 86 $51.40 $2,119,014

Health Insurance 83 $2,796.56 $115,279,988Blue Cross/Blue Shield 85 $963.21 $39,705,344Fee for Service Health Plan 90 $684.72 $28,225,610HMO 88 $553.12 $22,800,769Medicare Payments 71 $383.40 $15,804,718Long Term Care Insurance 68 $64.21 $2,646,820Other Health Insurance (3) 67 $147.90 $6,096,727


August 01, 2016








SECTION IV


DEMOGRAPHICS





Spending Potential


Health Care 84 $4,438.89 $374,340,056

Medical Care 84 $1,606.69 $135,495,271Physician Services 88 $219.25 $18,490,205Dental Services 84 $295.87 $24,951,243Eyecare Services 84 $50.48 $4,257,433Lab Tests, X-Rays 86 $53.23 $4,489,339Hospital Room and Hospital Services 86 $151.45 $12,771,668Convalescent or Nursing Home Care 84 $25.74 $2,170,896Other Medical services (1) 84 $90.57 $7,637,840Nonprescription Drugs 84 $104.77 $8,835,778Prescription Drugs 81 $339.32 $28,615,327Nonprescription Vitamins 86 $59.32 $5,002,509Medicare Prescription Drug Premium 74 $70.00 $5,903,352Eyeglasses and Contact Lenses 81 $72.57 $6,119,811Hearing Aids 80 $18.55 $1,564,033Medical Equipment for General Use 86 $3.84 $324,177Other Medical Supplies/Equipment (2) 87 $51.72 $4,361,661

Health Insurance 84 $2,832.20 $238,844,785Blue Cross/Blue Shield 85 $967.82 $81,618,058Fee for Service Health Plan 91 $688.29 $58,044,706HMO 89 $558.68 $47,114,285Medicare Payments 74 $399.59 $33,698,288Long Term Care Insurance 70 $66.69 $5,624,337Other Health Insurance (3) 69 $151.13 $12,745,110


August 01, 2016








SECTION IV


AGENCY DISCLOSURE

SECTION V

Licensed Broker/Broker Firm Name or Primary Assumed Business Name

License Number Email PhoneREATA Real Estate Services, LP 9002891 [email protected] 210.930.4111

Designated Broker of Firm License Number Email PhoneThomas C. Tyng, Jr. 0406718 [email protected] 210.930.4111

Buyer/Tenant/Seller/Landlord Initials Date

Sales Agent License Number Email PhoneDavid Ballard 0485071 [email protected] 210.930.4111

Sales Agent License Number Email PhoneParker LaBarge 628793 [email protected] 210.931.4111

Sales Agent License Number Email Phone

Documents

DUGAS PROFESSIONAL BUILDING - LoopNet · • Commence aggressive leasing efforts to lease the remaining space. ... • Some individual REATA Partners and affiliates will be co-investing