H O U S T O N B O U T I Q U E
Properties are Offered as a Portfolio & on an Individual Basis
OFFICE & RETAIL PORTFOLIO
Bay Colony Center II
Prosperity Business Center
Devon Off ice Park
Prosperity Business Center
Devon Off ice ParkBay Colony Center II
Prosperity Business Center
Prosperity Business Center
E X C L U S I V E M A R K E T I N G A DV I S O R S
D E B T & S T R U C T U R E D F I N A N C E
MATT BERRY
First Vice President
713 577 1640
DREW REINKING
Senior Financial Analyst
713 577 1579
ROBBIE KILCREASE
Vice President
713 577 1657
LAUREN MCGINNITY
Transaction Analyst
713 577 1746
JOHN FENOGLIO
Executive Vice President
713 787 1911
EXECUTIVE SUMMARY 4
BAY COLONY CENTER II 10
DEVON OFFICE PARK 16
PROSPERITY BUSINESS CENTER 22
TABLE OF CONTENTS
© 2020 CBRE, Inc. All Rights Reserved.
DEVON OFFICE PARK
1 Building26,735 SF (28%)
Mo. 1 Occupancy 77%
BAY COLONY CENTER II
1 Building22,745 SF (24%)
Mo. 1 Occupancy 84%
PROSPERITY BUSINESS CENTER
8 Buildings45,980 SF (48%)
Mo. 1 Occupancy 78%
PORTFOLIO10 Buildings
95,460 SF79.8% Occupied
CBRE, as exclusive advisor, is pleased to present to a limited number of qualified investors the opportunity to acquire a 100% fee-simple interest in the Houston Boutique Office & Retail Portfolio (the “Portfolio”). Comprising three multi-tenant office and retail properties, the Portfolio totals more than 95,000 square feet and features excellent diversity in terms of location, lease maturity and tenant mix. The 79.8% leased Portfolio offers investors the opportunity to significantly increase returns through mark-to-market rents and the lease up of vacant space.
The Portfolio features high-quality underlying real estate with an excellent mixture of specialized regional and local tenants who value the maximized space, functionality, and security offered by smaller scale properties. The assets are diversified not only through property type and tenant line-up, but also through GLA, location, and average rents. Aside from the value-add opportunity, these assets require minimal capital expenditures moving forward, as more than $500K in capital improvements were recently completed.
T H E O P P O R T U N I T Y
E X E C U T I V E
S U M M A R Y
Properties are Offered as a Portfolio & on an Individual Basis
5H O U S T O N B O U T I Q U E P O R T F O L I O4
Property Snapshot
# ADDRESS CITY TYPE (SIZE) SF OCCUPIED BUILT
1 650 FM 517 Rd W Dickinson Retail 22,745 84.0% 2008
2 17300 El Camino Real Houston Office 26,735 77.3% 1984
3 2611 FM 1960 Rd W Houston Office 45,980 78.1% 1983
Total/Avg. 95,460 79.8%
BAY COLONY CENTER II
22,745 SF84.0% Occupied
1
DEVON OFFICE PARK
26,735 SF77.3% Occupied
2
PROSPERITY BUSINESS CENTER
45,980 SF78.1% Occupied
3
Net Rentable Area 95,460
Occupancy 79.8%
Year Built 2008 / 1984 / 1983
# of Properties 3
PORTFOLIO SUMMARY I N V E S T M E N T H I G H L I G H T SDIVERSIFIED TENANCY• Portfolio is comprised of two office properties
and one retail property, representing 76% and 24% of the GLA, respectively
• The properties are well-positioned to weather the economic storm of Covid-19, with a dynamic tenant mix ranging from private medical practices, law firms and insurance companies, to local plumbing and beauty businesses that will remain largely uninterrupted by the pandemic
SECURITY OF CASH FLOW• No single lease represents more than 12%
of the portfolio’s total square footage, with the average lease representing 1.2% of the Portfolio’s total square footage.
Current Number of tenants 66
Total Square Footage 95,460
Total Occupied Square Footage 79,675
Average Tenant Square Footage 1,170
Average Annual NOI per Tenant as a % 1.56%
SIGNIFICANT IN-PLACE RETURN PROFILE WITH VALUE ENHANCEMENT OPPORTUNITIES
» Levered Cash on Cash Returns of 15.73%
» Lease up of 15,785 vacant square feet
» Mark-to-market rent opportunity
» With the onset of the Covid-19 Pandemic, office landlords are seeing a departure from traditional office buildings to boutique office parks, primarily due to direct access, sanitation, and lower population density
6 7H O U S T O N B O U T I Q U E P O R T F O L I O
BIGGER IS NOT ALWAYS BETTER
The Boutique Office Space Trend» From startups and tech giants to old-school local firms, businesses are rethinking the role
of office space. When the Covid-19 pandemic hit, and along with it, the enforced work-from-home orders, many companies realized they could operate with less than half the amount ofoffice space. Instead of a sprawling, capital-intensive footprint, more work can be done virtuallywith a scaled-down office home base.
» Architecture firms are anticipating that offices may no longer be places where individualscongregate to do their work in parallel, but visit sometimes to collaborate. The result will be areduction of square footage and companies considering the benefits of smaller satellite offices.
» Small floor plates that allow smaller tenants to have full floor offices with direct access,while larger tenants are able to occupy the whole building instead of just a handful of floors.Companies are also looking for office spaces on the ground floor — to avoid having to use anelevator.
» Trends have pointed to an imminent mass migration of millennials out of the cities to thesuburban communities where they plan to raise families. Companies with downtown realestate could follow this rush to the suburbs, where space is plentiful and social distancing ismuch easier to enforce.
Sources: Marker, CNBC, Biznow
1 Mile 3 Mile 5 Miles
2019 Population 11,980 127,425 307,311
2024 Population 13,167 137,864 331,514
2010-2019 Population Growth 22.5% 14.3% 14.3%
2019-2024 Population Growth 9.6% 8.0% 7.7%
Posperity Business Park
1 Mile 3 Mile 5 Miles
2019 Population 12,701 71,757 196,236
2024 Population 13,967 75,946 209,372
2010-2019 Population Growth 9.6% 9.0% 11.3%
2019-2024 Population Growth 9.6% 5.7% 6.5%
Devon Office Park
1 Mile 3 Mile 5 Miles
2019 Population 9,731 36,634 105,402
2024 Population 10,901 40,614 116,194
2010-2019 Population Growth 19.4% 28.6% 22.4%
2019-2024 Population Growth 11.5% 10.4% 9.9%
Bay Colony Center II
FASTEST GROWING SUBMARKETS IN HOUSTON According to the U.S. Census Bureau, the Houston-The Woodlands-Sugar Land MSA ranked second among the nation’s metros for numeric growth between 2010-2019, increasing by 1,145,654 or 19.4%. Similarly, the average population growth within a 3-mile radius of each property was 17.3% during the same period, outpacing some of Houston’s most popular suburbs including Sugar Land and Tomball.
NEW MANAGEMENT KEEPING COSTS DOWN, LEASING UPRecent new management is providing positive momentum for the Portfolio, including several new leases and a significant reduction in operating expenses.
New management is optimizing the value of the
assets by maximizing operational performance
and enriching tenant experiences
RECENT CAPITAL IMPROVEMENTSSeller has recently spent well over $500K on other capital improvements in the last few years, including new roofs on the two office properties.
8 9H O U S T O N B O U T I Q U E P O R T F O L I O
B A Y C O L O N Y C E N T E R I I650 FM 517 RD W | DICKINSON, TEXAS
Southeast Outlier Retail Submarket
10 DFW OFFICE PORTFOLIO10 DFW OFFICE PORTFOLIO 1111
OVERVIEWLocated less than a mile from Interstate 45 in Dickinson, Texas, Bay Colony Center II is strategically positioned between
Houston and Galveston. The property is 84% occupied, boasting a diverse e-commerce resistant tenant line-up specializing
industries ranging from childcare to beauty to insurance.
Just twenty miles south of Downtown Houston, the area boasts a strong economic base being home to much of the
regions aerospace (NASA), petrochemical and medical industry. Rapid residential growth coupled with booming economic
development have made Dickinson and the surrounding cities, collectively known as the “Bay Area,” has spurred national
recognition for the region. Dickinson Economic Development Corp. is currently in the planning stages of developing Gulf
Coast Public Market, a $12 million project that will feature a market, outdoor public gathering area, splash pad and small,
locally owned businesses across 4 acres.
INVESTMENT HIGHLIGHTS + Booming Southeast Houston Location | Less than 1 Mile from Interstate 45
+ Cross Access with Adjacent Shopping Centers
+ Value Creation Through the Leaseup of 3,642 SF of Vacant Space
+ Enhanced Access and Visibility to more than 52,000 Vehicles Per Day
+ Affluent, High-growth Demographics with Household Incomes Exceeding $104K
10 11H O U S T O N B O U T I Q U E P O R T F O L I O
FARM TO MARKET 517 RD W - 32,484 VPD
A L
ifetim
e of
Lea
rnin
g
Gen
esis
Bout
ique
& S
alon
Vac
ant
Gio
's Fl
ying
Piz
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Playground
Farm
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Insu
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S I T E P L A NASSET PROFILE
Property Name: Bay Colony Center II
Address: 630 FM 517 Rd WDickinson, TX 77539
Net Rentable Area: 22,745
Leased: 84.0%
Land Area: 1.99 AC
Year Built: 2008
Parking Spaces: 131
Parking Ratio: 5.76/1,000 SF
GCAD ParcelParcel # Legal Description Acreage
434566 DICKINSON CROSSING (2006) ABST 19, LOT B, ACRES 1.987 1.9870
Total: 1.9870
Traffic CountsFM 517: 32,484
FM 646: 19,648
Total: 52,132
Ingress / EgressThe Property is accessible via two (2) primary access points located along
FM 517, as well several cross access points with the adjacent retail centers.
ZoningCity of Dickinson: Neighborhood
Commercial District
Site plans are intended for guidance only
12 13H O U S T O N B O U T I Q U E P O R T F O L I O
Demographic Snapshot
5-Mile Population
105,4023-Mile Business Count
3,0243-Mile Population Growth
29%3-Mile Household Income
$104,142
POPULATION 1-MILE 3-MILE 5-MILE
2019 Population - Current Year Estimate 9,731 36,634 105,402
2024 Population - Five Year Projection 10,901 40,614 116,194
2010-2019 Population Growth 19.4% 28.6% 22.4%
2019-2024 Population Growth 11.5% 10.4% 9.9%
2019 Daytime Population 7,074 29,145 79,823
HOUSEHOLDS
2019 Households - Current Year Estimate 3,433 12,805 37,011
2024 Households - Five Year Projection 3,834 14,169 40,765
2010-2019 Household Growth 18.4% 27.5% 22.1%
2019-2024 Household Growth 11.2% 10.3% 9.8%
HOUSEHOLD INCOME
2019 Average Household Income $105,018 $104,142 $104,880
2024 Average Household Income $118,504 $118,398 $119,029
HOME VALUE
2019 Average Home Value $237,880 $242,798 $238,710
PLACE OF WORK
2019 Businesses 243 1,115 3,024
2019 Employees 2,542 11,193 28,574
DEMOGRAPHIC PROFILE
B A Y C O L O N YC E N T E R I I
14 15H O U S T O N B O U T I Q U E P O R T F O L I O
1717
OVERVIEWThe two-story 26,735 square foot property is 77% occupied, offering tenants single/multiple offices or retail spaces featuring
conferencing facilities, ample parking and monument signage. Positioned at the signalized intersection of El Camino Real
and East Medical Center Boulevard, the Devon Office Park benefits from the high visibility and ease of access afforded by
its hard corner location.
The Property’s close proximity to the affluent and high-growth neighborhoods of Webster and Clear Lake, coupled with the
amenities afforded by the dense retail developments on Bay Area Boulevard, make it well suited for professional use. This
is exemplified by the area’s average household income and dense population, which exceed $107,000 and 196,000 within a
five-mile radius, respectively.
INVESTMENT HIGHLIGHTS + Bolster Cash Flow Through Leaseup of 6,072 Square Feet
+ Located on a Hard Corner at the Signalized Intersection of El Camino Real and E Medical Center Blvd.
+ Monument Sign with Exposure to Nearly 38,000 Vehicles Per Day
+ Approximately 1 Mile from the Houston Space Center and NASA | 1 Million Visitors Annually
+ Divserse Tenant Lineup | 15% of Tenants Boast Tenure of 18 Years or More
+ $200K in Recent Capital Improvements | New Roof and Fully Remodeled Upstairs
D E V O N O F F I C E P A R K17300 EL CAMINO REAL | HOUSTON, TEXAS
NASA/Clear Lake Off ice Submarket
16 DFW OFFICE PORTFOLIODFW OFFICE PORTFOLIO16 17H O U S T O N B O U T I Q U E P O R T F O L I O
Suite 112ADr. William Braden
Suite 101ADr. Joseph McCollum
Suite 102Farmers - Frickey
Suite 104AJulie Scalise
Suite 104BVacant
Suite 105APamela Shirley
Suite 106Razz Ma Tazz
Suite 103Bay Area
Dermatology
Suite 110El Camino Real LTD
Suite 109Robert Gibbs
Second FloorSuite 112B
Farmers - Pistone
Suite 101BAdvanced Medical Tech.
Suite 105BCrossman Ventures
Suite 106Razz Ma Tazz
Suite 110El Camino Real LTD
Suite 110El Camino Real LTD
Suite 107BCtr. for Mind Body
Suite 107AJoseph Wallack
Cow
Bayou
E MEDICAL CENTER BLVD - 12,463 VPD
EL CA
MIN
O REA
L - 25,529 VPD
S I T E P L A NASSET PROFILE
Property Name: Devon Office Park
Address: 17300 El Camino Real Houston, TX 77058
Net Rentable Area: 26,735
Leased: 77.3%
Number of Stories: 2
Average Suite Size: 861
Land Area: 1.55 AC
Year Built: 1984
Parking Spaces: 103
Parking Ratio: 3.85/1,000 SF
HCAD ParcelParcel # Legal Description Acreage
0402110000033 TR 1W ABST 13 S DEEL 1.5451
Total: 1.5451
Traffic CountsEl Camino Real: 25,529
E Medical Center: 12,463
Total: 37,992
Ingress / EgressThe Property is accessible via two (2) primary access points located along
El Camino Real and E Medical Center Blvd.
ZoningCity of Webster: C3-Third
Commercial District
Site plans are intended for guidance only
18 19H O U S T O N B O U T I Q U E P O R T F O L I O
D E V O N O F F I C E P A R K
Demographic Snapshot
5-Mile Population
196,2365-Mile Business Count
7,5495-Mile Population Growth
11.3%5-Mile Household Income
$107,971
POPULATION 1-MILE 3-MILE 5-MILE
2019 Population - Current Year Estimate 12,701 71,757 196,236
2024 Population - Five Year Projection 13,967 75,946 209,372
2010-2019 Population Growth 9.6% 9.0% 11.3%
2019-2024 Population Growth 9.6% 5.7% 6.5%
2019 Daytime Population 22,595 106,875 192,520
HOUSEHOLDS
2019 Households - Current Year Estimate 5,869 31,122 77,080
2024 Households - Five Year Projection 6,455 32,887 81,984
2010-2019 Household Growth 9.4% 8.4% 10.5%
2019-2024 Household Growth 9.6% 5.6% 6.2%
HOUSEHOLD INCOME
2019 Average Household Income $62,070 $89,619 $107,971
2024 Average Household Income $72,203 $99,786 $119,852
HOME VALUE
2019 Average Home Value $154,824 $249,436 $277,309
PLACE OF WORK
2019 Businesses 1,328 4,420 7,549
2019 Employees 13,937 63,508 91,075
DEMOGRAPHIC PROFILE
20 21H O U S T O N B O U T I Q U E P O R T F O L I O
P R O S P E R I T Y B U S I N E S S C E N T E R2611 FM 1960 RD W | HOUSTON, TEXAS
FM 1960/Champions Off ice Submarket
22 DFW OFFICE PORTFOLIO22 DFW OFFICE PORTFOLIO 2323
OVERVIEWProsperity Business Center offers 45,980 square feet of leasable area on a 3.43 acre parcel located at the entry to the affluent
Northgate Forest development. Constructed in 1983, the business park consists of several one and two-story buildings with
a variety of floor plans and premier amenities like after hours secured access, signage exposure to FM 1960, and even wood
burning fireplaces in certain suites.
Northgate Forest is a 440-acre master-planned residential golf community located just 18 miles north of downtown
Houston, and 13 miles west of Bush Intercontinental Airport. While offering a beautiful setting, home prices range from the
reasonable $200-$300’s to the several million for large golf-course lots. Slightly rolling terrain, gorgeous homes, first-class
golf courses, and proximity to everything make Champions/1960 one of Houston’s most well-planned, elegant, and vibrant
neighborhoods in the Houston MSA.
INVESTMENT HIGHLIGHTS + Designated Traffic Light to Serve Property | Exposure to Nearly 84,000 Vehicles Per Day
+ Value Add Opportunity Through Leaseup of Nearly 11,000 SF & Below Market Rents
+ Coveted Location Near Northgate Forest Master-Planned Community
+ Unique Boutique Office Experience | Secured Access | Quality Construction and Finishes
+ Densely Populated with more than 307,000 Residents in 5-Mile Radius | 14% Growth Since 2010
+ Diverse, E-Commerce Resistant Tenant Mix
+ $300K in Recent Capital Improvements Including Gates, Cameras Security, and Signage
22 23H O U S T O N B O U T I Q U E P O R T F O L I O
ASSET PROFILE
Property Name: Prosperity Business Center
Address: 2611 FM 1960 West Houston, TX 77068
Net Rentable Area: 45,980
Leased: 78.1%
Number of Stories: 1-2
Average Suite Size: 975
Land Area: 3.43 AC
Year Built: 1983
Parking Spaces: 152
Parking Ratio: 3.31/1,000 SF
HCAD ParcelParcel # Legal Description Acreage
0421160000030 TR 4A-1 ABST 255 J EHRHARDT 3.4265
Total: 3.4265
Traffic CountsFM 1960 Rd W: 53,195
Kuykendahl Rd: 30,569
Total: 83,764
Ingress / EgressThe Property is accessible via two (2) primary access points located along
FM 1960 Rd.
ZoningNo Zoning Restrictions in
Harris County FRITZ OAKS PL
FM 1
960
RD W
- 5
3,19
5 VP
D Building A
Suite 100Suite 100
Suite 100
Suite 200
Suite 201
Suite 202
Suite 203A
Suite 203B
Suite 220
Suite 221
Suite 222
Suite 223
Suite 101
Suite 102
Suite 103
Suite 104
Suite 120
Suite 121
Suite 122
Suite 101
Suite 100
Suite 100
Suite 200
Suite 201
Suite 202
Suite 203
Suite 204
Suite 205
Suite 220
Suite 221
Suite 222
Suite 223
Suite 225
Suite 226
Suite 101
Suite 101 Suite 100
Suite 102
Suite 103
Suite 104
Suite 105
Suite 120
Suite 121
Suite 124
Suite 125
Suite 100
Suite 100
Suite 101
Suite 102
Suite 101
Suite 101Suite 102
Building E Building H
Build
ing
F
Building F2nd Floor
Building H2nd Floor
Building G
Build
ing
B
Build
ing
D
Building C
SUITE TENANT SF EXP DATEA100 Level It Up Hair Salon Salon 850 7/31/2024
A101 Cultured Realty 2,212 1/31/2025
A102 Richard F Pfirman 1,231 MTM
B100 Promenade Healthcare LLC 1,560 3/31/2024
B101 Alluring Locz 1,470 11/30/2021
C100 JJ Gradoni and Assoc Inc. 2,433 MTM
D100 Larry Lipton 1,358 9/30/2021
D101 Champion Security Agency 1,368 6/30/2022
D102 Faith Family Health
and Weight Management 1,230 6/30/2022
E100 Jasmine Robertson 1,235 6/30/2021
E101 Robinson Consolidation 849 11/30/2022
F100 VCFS Hope & Healing 639 MTM
F101 Vacant 975
F102 KTS Kwik Tax Service 322 MTM
SUITE TENANT SF EXP DATEF103 Gibson Plumbing 639 1/31/2021
F104 Vacant 942
F105 Vacant 363
F120 Dimbo AVL 556 5/31/2022
F121 Empire Services and Installations 696 MTM
F124 Family Resource Center 1,386 11/30/2021
F125 Tax Prep Tiffany Mayfield 729 11/30/2021
F200 Vacant 815
F201 DMR Financial Services 411 12/31/2021
F202 Vacant 752
F203 Hair by Renay 366 7/31/2023
F204 Righteous Business Inc. 1,131 MTM
F205 Vacant 416
F220 Vacant 458
F221 Mane Choice Beauty Bar 551 11/30/2021
F222 Vacant 942
F223 The Media Network 415 4/30/2021
F225 The Boudoir Beauty 921 3/31/2021
SUITE TENANT SF EXP DATEF226 Vacant 534
G100 Houston Hair Hospital 1,235 6/30/2023
G101 DMR Realty 849 MTM
H100 Vacant 1,242
H101 DAS Dynamic Services 432 MTM
H102 Vacant 681
H103 Fitness Wear 1,006 12/31/2022
H104 Future Somebody 494 5/31/2023
H120 Houston Northwest Rehab 2,157 MTM
H121 Vacant 848
H122 Pam Williams 425 MTM
H200 Vacant 560
H201 Queen of Kings Salon 630 2/28/2022
H202 Nails by Silky 768 3/31/2021
H203A Norris Lumar
Positive Vibes Hair Studio 1,129 4/30/2023
H203B Who Chopped U 812 12/31/2020
H220 Belle Braiding Room 562 2/28/2022
H221 Vacant 543
H222 Belle Braiding Room 425 4/30/2021
H223 Clutch City Mobile 427 5/31/2023
S I T E P L A N
*Traffic light installed to serve the Property
Site plans are intended for guidance only
24 25H O U S T O N B O U T I Q U E P O R T F O L I O
Demographic Snapshot
5-Mile Population
307,3115-Mile Business Count
11,0323-Mile Population Growth
14.3%1-Mile Avg. Home Value
$319,604
POPULATION 1-MILE 3-MILE 5-MILE
2019 Population - Current Year Estimate 11,980 127,425 307,311
2024 Population - Five Year Projection 13,167 137,864 331,514
2010-2019 Population Growth 22.5% 14.3% 14.3%
2019-2024 Population Growth 9.6% 8.0% 7.7%
2019 Daytime Population 10,522 109,127 273,373
HOUSEHOLDS
2019 Households - Current Year Estimate 4,295 45,496 104,650
2024 Households - Five Year Projection 4,697 48,916 112,221
2010-2019 Household Growth 20.7% 12.2% 12.3%
2019-2024 Household Growth 9.1% 7.3% 7.1%
HOUSEHOLD INCOME
2019 Average Household Income $70,798 $74,998 $86,693
2024 Average Household Income $78,920 $84,701 $97,553
HOME VALUE
2019 Average Home Value $319,604 $230,636 $245,648
PLACE OF WORK
2019 Businesses 621 5,082 11,032
2019 Employees 4,285 38,951 108,688
DEMOGRAPHIC PROFILE
P R O S P E R I T Y B U S I N E S S C E N T E R
26 27H O U S T O N B O U T I Q U E P O R T F O L I O
AFFILIATED BUSINESS DISCLOSURE
CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses
including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including
CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients
may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum
constitutes your acknowledgment of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement
in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in
a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their
respective client(s).
CONFIDENTIALITY AGREEMENT
Your receipt of this Memorandum constitutes your acknowledgment that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire
to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior
written authorization of the owner of the
Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc. If after reviewing this Memorandum, you
have no further interest in purchasing the Property, kindly return it to CBRE, Inc.
DISCLAIMER
This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective
investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified
for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates
based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the
current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents,
including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an
opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and
information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs.
ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with
or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as
set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.
28
E X C L U S I V E M A R K E T I N G A DV I S O R S
D E B T & S T R U C T U R E D F I N A N C E
MATT BERRY
First Vice President
713 577 1640
DREW REINKING
Senior Financial Analyst
713 577 1579
ROBBIE KILCREASE
Vice President
713 577 1657
LAUREN MCGINNITY
Transaction Analyst
713 577 1746
JOHN FENOGLIO
Executive Vice President
713 787 1911
© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.
CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.
Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.