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10901 VILLAGE BEND LN , HOUSTON, TX 77072
WILCREST ARBOR TOWNHOMES
FRANCOIS LEFRANCOIS LE LE COMMERCIAL REAL ESTATELE COMMERCIAL REAL ESTATE
Principal713.996.8888 11757 Katy Freeway, Suite 1300, Houston, TX [email protected] 713.996.8888 | le-commercial.com
PRESENTED BYPRESENTED BY
MULTIFAMILY PROPERTY FOR SALE
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
le-commercial.com
PROPERTY INFORMATION 3
PROPERTY PHOTOS 8
LOCATION INFORMATION 12
RENT COMPARABLES 16
MARKET OVERVIEW 24
DEMOGRAPHICS 34
CONFIDENTIALITY & DISCLAIMERCONFIDENTIALITY & DISCLAIMER
WILCREST ARBOR TOWNHOMES
TABLE OF CONTENTS PG 2
CONTENTSCONTENTS
All materials and information received or derived from LE Commercial Real Estate its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability orsuitability, financial performance of the property, projected financial performance of the propertyfor any party’s intended use or any and all other matters.
Neither LE Commercial Real Estate its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness of the anymaterials or information provided, derived, or received. Materials and information from anysource, whether written or verbal, that may be furnished for review are not a substitute for aparty’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. LE Commercial Real Estate will not investigate or verify any suchmatters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documents andreports and consulting appropriate independent professionals. LE Commercial Real Estatemakes no warranties and/or representations regarding the veracity, completeness, or relevanceof any financial data or assumptions. LE Commercial Real Estate does not serve as a financialadvisor to any party regarding any proposed transaction. All data and assumptions regardingfinancial performance, including that used for financial modeling purposes, may differ fromactual data or performance. Any estimates of market rents and/or projected rents that may beprovided to a party do not necessarily mean that rents can be established at or increased to thatlevel. Parties must evaluate any applicable contractual and governmental limitations as well asmarket conditions,vacancy factors and other issues in order to determine rents from or for theproperty.
Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements shouldbe discussed by the party with appropriate engineers, architects, contractors, other consultantsand governmental agencies. All properties and services are marketed by LE Commercial RealEstate in compliance with all applicable fair housing and equal opportunity laws.
PROPERTY INFORMATION
FRANCOIS LEFRANCOIS LE LE COMMERCIAL REAL ESTATELE COMMERCIAL REAL ESTATE
Principal713.996.8888 11757 Katy Freeway, Suite 1300, Houston, TX [email protected] 713.996.8888 | le-commercial.com
PRESENTED BYPRESENTED BY
FOR INFO:FOR INFO:
1
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com
OFFERING SUMMARYOFFERING SUMMARY
Number Of Units: 118
Lot Size: 5.81 Acres
Year Built: 1984
Renovated: 2013
Building Size: 146,202
Wilcrest Arbor Townhomes is a 118-unit garden-style community originally constructed in 1984 and renovated in 2013.The community consist of 12 buildings that offers approximately 1,232 square feet, 2-story, 2 bedrooms, and 2 bathroomstownhome units. The 118-unit is a value-added investment opportunity allowing an investor an opportunity to increase the NOIand maximize returns.
PROPERTY OVERVIEWPROPERTY OVERVIEW
Wilcrest Arbor Townhomes is located in the Southwest sub-market. The subject property is located in one of the top zip codesas measured by population per square mile. Approximately 205,331 people reside within the 3-mile radius and 475,567 peoplereside 5-mile of Wilcrest Arbor. The property is conveniently located minutes from Beltway 8, Southwest Freeway, andWestpark Tollway. Within minutes, residents have national, regional, and local retailers such as HEB, Walmart, Food-Town, andmany more.
The irreplaceable asset is located in the heart of Alief, Houston Texas. Alief is reputable for having one of the most diversecommunities in the city of Houston. It is also known for having one of the largest Asian business district in the United States.
LOCATION OVERVIEWLOCATION OVERVIEW
WILCREST ARBOR TOWNHOMES
EXECUTIVE SUMMARY PG 4
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com
SALE HIGHLIGHTSSALE HIGHLIGHTS
• Excellent Value-Add Investment Opportunity
• 9.75% CAP Rate on Pro Forma
• High Historical Occupancy of Over 90 Percent
• Close Proximity within Shopping, Supermarkets, and
Restaurants with Easy Access to Major Highways
• All 1,232 SF Two Bedrooms, Two Bathroom Units Townhomes
• All Units Includes Enclosed Patios of 14 ft X 14 ft
• Highly Dense Population, over 475,000 People Within Five
Miles with Expected Population Growth of 7.6%
• Directly on Metro Transportation Route
Property Name: Wilcrest Arbor Townhomes
Property Address: 10901 Village Bend Ln , Houston, TX 77072
Property Type: Multifamily
Lot Size: 5.81 AC
Building Size: 146,202 SF
Year Built /
Renovated:1984 / 2013
Number of Units: 118
Unit Mix: 2 Bedrooms | 2 Bathrooms
Unit SF: 1,232 SF
PROPERTY OVERVIEWPROPERTY OVERVIEW
Wilcrest Arbor Townhomes is a 118-unit garden-style community originally constructed in 1984 and renovatedin 2013. The community consist of 12 buildings that offers approximately 1,232 square feet, 2-story, 2bedroom, and 2 bathroom townhome units. The 118-unit is a value-added investment opportunity allowing aninvestor an opportunity to increase the NOI and maximize returns.
LOCATION OVERVIEWLOCATION OVERVIEW
Wilcrest Arbor Townhomes is located in the Southwest sub-market. The subject property is located in one ofthe top zip codes as measured by population per square mile. Approximately 205,331 people reside within the3-mile radius and 475,567 people reside 5-mile of Wilcrest Arbor. The property is conveniently locatedminutes from Beltway 8, Southwest Freeway, and Westpark Tollway. Within minutes, residents have national,regional, and local retailers such as HEB, Walmart, Food-Town, and many more.
The irreplaceable asset is located in the heart of Alief, Houston Texas. Alief is reputable for having one of themost diverse communities in the city of Houston. It is also known for having one of the largest Asian businessdistrict in the United States.
WILCREST ARBOR TOWNHOMES
PROPERTY DETAILS & HIGHLIGHTS PG 5
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
SITE PLAN PG 6
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
FLOOR PLAN - 1,232 SF TWO BEDROOMS & TWO BATHROOMS PLUS 14'X14' PATIO PG 7
PROPERTY PHOTOS
FRANCOIS LEFRANCOIS LE LE COMMERCIAL REAL ESTATELE COMMERCIAL REAL ESTATE
Principal713.996.8888 11757 Katy Freeway, Suite 1300, Houston, TX [email protected] 713.996.8888 | le-commercial.com
PRESENTED BYPRESENTED BY
FOR INFO:FOR INFO:
2
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY PHOTOS | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
ADDITIONAL PHOTOS PG 9
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY PHOTOS | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
ADDITIONAL PHOTOS PG 10
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY PHOTOS | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
INTERIOR PHOTOS PG 11
LOCATION INFORMATION
FRANCOIS LEFRANCOIS LE LE COMMERCIAL REAL ESTATELE COMMERCIAL REAL ESTATE
Principal713.996.8888 11757 Katy Freeway, Suite 1300, Houston, TX [email protected] 713.996.8888 | le-commercial.com
PRESENTED BYPRESENTED BY
FOR INFO:FOR INFO:
3
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
LOCATION INFORMATION | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
LOCATION MAPS PG 13
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
LOCATION INFORMATION | Confidential Offering Memorandum le-commercial.com
Wilcrest Arbor
WILCREST ARBOR TOWNHOMES
REGIONAL MAP PG 14
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
LOCATION INFORMATION | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
AERIAL PG 15
RENT COMPARABLES
FRANCOIS LEFRANCOIS LE LE COMMERCIAL REAL ESTATELE COMMERCIAL REAL ESTATE
Principal713.996.8888 11757 Katy Freeway, Suite 1300, Houston, TX [email protected] 713.996.8888 | le-commercial.com
PRESENTED BYPRESENTED BY
FOR INFO:FOR INFO:
4
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
RENT COMPARABLES | Confidential Offering Memorandum le-commercial.com
PROPERTIES:PROPERTIES:Subject Property:
Wilcrest Arbor Townhomes (80% Occupied)
1. Summer Stone Apartments (90% Occupied)
2. Timbers of Keegan Bayou Apartments (96% Occupied)
3. The Park at Pisa (94% Occupied)
4. Kirkwood Landing Apartments (93% Occupied)
5. Parque at Bellaire (96% Occupied)
6. Oaks of Ashford Point (92% Occupied)
WILCREST ARBOR TOWNHOMES
RENT COMPARABLE MAP - 90%+ SUB MARKET OCCUPANCY PG 17
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
RENT COMPARABLES | Confidential Offering Memorandum le-commercial.com
1. SUMMERSTONE APARTMENTS1. SUMMERSTONE APARTMENTS• 9301 Dairy View Ln Houston TX 77099
• 242 Units / 2 Stories
• Occupancy: 90.1% Occupied
• Avg Rent Per Unit: $990 (2 Bedrooms / 2 Bathrooms)
2. TIMBERS OF KEEGANS BAYOU APARTMENT2. TIMBERS OF KEEGANS BAYOU APARTMENT• 11650 W Bellfort St Houston TX 77099
• 152 Units / 2 Stories
• Occupancy: 96% Occupancy
• Avg Rent Per Unit: $900 (2 Bedrooms / 2 Bathrooms)
WILCREST ARBOR TOWNHOMES
90%+ SUB MARKET OCCUPANCY PG 18
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
RENT COMPARABLES | Confidential Offering Memorandum le-commercial.com
3. THE PARK AT PISA3. THE PARK AT PISA• 2410 S Kirkwood Rd Houston TX 77077
• 279 Units / 2 Stories
• Occupancy: 93.8% Occupied
• Avg Rent Per Unit: $920 (2 Bedrooms / 2 Bathrooms)
4. KIRKWOOD LANDING APARTMENTS4. KIRKWOOD LANDING APARTMENTS• 9520 S Kirkwood Rd Houston TX 77099
• 264 Units / 2 Stories
• Occupancy: 93.2% Occupied
• Avg Rent Per Unit: $920 (2 Bedroom / 2 Bathrooms)
WILCREST ARBOR TOWNHOMES
90%+ SUB MARKET OCCUPANCY PG 19
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
RENT COMPARABLES | Confidential Offering Memorandum le-commercial.com
5. PARQUE AT BELLAIRE5. PARQUE AT BELLAIRE• 7000 Cook Road Houston TX 77072
• 200 Units / 3 Stories
• Occupancy: 96% Occupied
• Avg Rent Per Unit: $963 (2 Bedroom / 2 Bathrooms)
6. OAKS OF ASHFORD6. OAKS OF ASHFORD• 4040 Synott Road Houston TX 77082
• 255 Units / 3 Stories
• Occupancy: 92.2% Occupied
• Avg Rent Per Unit: $906 (2 Bedroom / 2 Bathrooms)
WILCREST ARBOR TOWNHOMES
90%+ SUB MARKET OCCUPANCY PG 20
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
RENT COMPARABLES | Confidential Offering Memorandum le-commercial.com
11 10522 Beechnut StHouston, TX 77072
FALLS OF BEECHNUTFALLS OF BEECHNUT22
4315 S Kirkwood RdHouston , TX 77072
GATEWAY ON KIRKWOODGATEWAY ON KIRKWOODAPARTMENTSAPARTMENTS 33
7000 Cook RdHouston, TX 77072
PARQUE AT BELLAIREPARQUE AT BELLAIREAPARTMENTAPARTMENT 44 8039 Boone Rd
Houston, TX 77072
FALLS OF CHELSEA LANEFALLS OF CHELSEA LANE
556700 S Dairy Ashford RdHouston , TX 77072
FALLS OF BELLAIREFALLS OF BELLAIREAPARTMENTSAPARTMENTS 66 4040 Synott Rd
Houston, TX 77082
OAKS OF ASHFORD POINTOAKS OF ASHFORD POINT
10901 Village Bend Ln | Houston, TX 77072SUBJECT PROPERTYSUBJECT PROPERTY
WILCREST ARBOR TOWNHOMES
RENT COMPARABLE MAP PG 21
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
RENT COMPARABLES | Confidential Offering Memorandum le-commercial.com
11
1979Year Built: 280,254 SFBldg Size:
13.02 ACLot Size: 318No. Units:
$1.00Avg. Rent/SF: 1,255 SFAvg. Size:
$1,250Avg. Rent:
UNIT TYPEUNIT TYPE SIZE SFSIZE SF RENTRENT RENT/SFRENT/SF
2 Bedroom 2 Bathroom 1,255 $1,250 $1.00
FALLS OF BEECHNUTFALLS OF BEECHNUT10522 Beechnut StHouston, TX 77072
11
22
1985Year Built: 58,186 SFBldg Size:
1.96 ACLot Size:
UNIT TYPEUNIT TYPE SIZE SFSIZE SF RENTRENT RENT/SFRENT/SF
2 Bedroom 2 1/2 Bathrooms 1,400 $1,249 $0.89
GATEWAY ON KIRKWOODGATEWAY ON KIRKWOODAPARTMENTSAPARTMENTS4315 S Kirkwood RdHouston , TX 77072
22
33
1985Year Built: 193,701 SFBldg Size:
8.37 ACLot Size: 200No. Units:
$1.35Avg. Rent/SF: 965 SFAvg. Size:
$1,300Avg. Rent:
UNIT TYPEUNIT TYPE SIZE SFSIZE SF RENTRENT RENT/SFRENT/SF
2 Bedroom 2 Bathrooms 965 $1,300 $1.35
PARQUE AT BELLAIREPARQUE AT BELLAIREAPARTMENTAPARTMENT7000 Cook RdHouston, TX 77072
33
WILCREST ARBOR TOWNHOMES
RENT COMPS PG 22
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
RENT COMPARABLES | Confidential Offering Memorandum le-commercial.com
44
1974Year Built: 228,532 SFBldg Size:
9.53 ACLot Size: 208No. Units:
UNIT TYPEUNIT TYPE SIZE SFSIZE SF RENTRENT RENT/SFRENT/SF
2 Bedroom 2 1/2 Bathroom 1,192 $1,220 $1.02
FALLS OF CHELSEA LANEFALLS OF CHELSEA LANE8039 Boone RdHouston, TX 77072
44
55
1980Year Built: 507 SFBldg Size:
20.41 ACLot Size: 576No. Units:
$1.11Avg. Rent/SF: 957 SFAvg. Size:
$1,058Avg. Rent:
UNIT TYPEUNIT TYPE SIZE SFSIZE SF RENTRENT RENT/SFRENT/SF
2 Bedrooms 2 Bathrooms 957 $1,058 $1.11
FALLS OF BELLAIREFALLS OF BELLAIREAPARTMENTSAPARTMENTS6700 S Dairy Ashford RdHouston , TX 77072
55
66
1985Year Built: 238,459 SFBldg Size:
10.92 ACLot Size: 255No. Units:
UNIT TYPEUNIT TYPE SIZE SFSIZE SF RENTRENT RENT/SFRENT/SF
2 Bedroom 2 Bathroom 1,355 $1,159 $0.86
OAKS OF ASHFORD POINTOAKS OF ASHFORD POINT4040 Synott RdHouston, TX 77082
66
WILCREST ARBOR TOWNHOMES
RENT COMPS PG 23
MARKET OVERVIEW
FRANCOIS LEFRANCOIS LE LE COMMERCIAL REAL ESTATELE COMMERCIAL REAL ESTATE
Principal713.996.8888 11757 Katy Freeway, Suite 1300, Houston, TX [email protected] 713.996.8888 | le-commercial.com
PRESENTED BYPRESENTED BY
FOR INFO:FOR INFO:
5
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
Market Overview | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
HOUSTON MARKET OVERVIEW PG 9
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
Market Overview | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
HOUSTON, TEXAS PG 26
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
Market Overview | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
HOUSTON'S RANKINGS PG 27
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
Market Overview | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
DIVERSE ECONOMY PG 28
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
Market Overview | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
HOUSTON'S LARGEST EMPLOYERS PG 29
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
Market Overview | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
MAJOR INDUSTRIES PG 30
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
Market Overview | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
MAJOR INDUSTRIES PG 31
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
Market Overview | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
HOUSTON AT A GLANCE PG 32
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
Market Overview | Confidential Offering Memorandum le-commercial.com
WILCREST ARBOR TOWNHOMES
AMERICA'S MOST DIVERSE CITY PG 33
DEMOGRAPHICS
FRANCOIS LEFRANCOIS LE LE COMMERCIAL REAL ESTATELE COMMERCIAL REAL ESTATE
Principal713.996.8888 11757 Katy Freeway, Suite 1300, Houston, TX [email protected] 713.996.8888 | le-commercial.com
PRESENTED BYPRESENTED BY
FOR INFO:FOR INFO:
6
© 2019, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
DEMOGRAPHICS | Confidential Offering Memorandum le-commercial.com
POPULATIONPOPULATION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total population 21,984 205,331 475,567
Median age 29.9 30.9 32.5
Median age (Male) 27.7 28.9 31.3
Median age (Female) 31.5 32.4 33.7
HOUSEHOLDS & INCOMEHOUSEHOLDS & INCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total households 7,047 70,420 175,920
# of persons per HH 3.1 2.9 2.7
Average HH income $39,494 $48,918 $58,949
Average house value $99,031 $162,095 $172,045
* Demographic data derived from 2010 US Census
WILCREST ARBOR TOWNHOMES
DEMOGRAPHICS MAP & REPORT PG 35