COVERED DEVELOPMENT PLAY
1.88 ACRE DEVELOPMENT SITE W/10K SF WAREHOUSE 290 WONDER WORLD DRIVE, SAN MARCOS, TX 78666
FOR SALE PRESENTED BY: CLASSEN REALTY GROUP
123 N. Edward Gary Street 2nd Floor San Marcos, Texas 78666
MITCHELL CLASSEN, CCIM
Broker, GRI | President office: (512) 971-3415 cell: (512) 971-3415 mitchell@classenrealtygroup.com 9009393, Texas This notice is provided to all potential buyers, brokers/agents, principals, and or any party interested in the above properties, or other properties in connection with the broker/agent below. The information contained herein has been obtained from sources believed to be reliable. Mitchell Classen, Broker, Classen Realty Group, makes no guaranties or warranties as to the accuracy thereof. The presentation of the property is submitted subject to the possibility of errors, omissions, change of price, pending/prior sale, or other conditions, lease or financing, or withdrawal without notice. Information is provided for courtesy/guidance
PROPERTY SUMMARY 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
Property Summary Price:
Property Overview $2,970,000
Square Feet (Building)
10,000 SF
Square Feet (Land)
81,892 SF
Acres Price/SF (Land) Frontage: Traffic Count: Zoning: Flood Plain
1.88 $36.26/SF 200' 31,061 (2023) General Commercial (GC) Outside Flood Plain
Water
City
Electricity
City
Sewer
City
Driveways
2 Curb Cuts
A 1.88 +/- acre tract of commercial land with an existing 9,800 sf building with 3 existing tenants. This highest and best of the site is for a future development due to the age of the building and its prime location on the heavily trafficked Wonder World Drive. The GC Legacy Zoning allows for a wide variety of uses including hotel/motel, loft apartments (w/CUP), Offices, Car Wash, C-Store, Retail. The site benefits from existing income from the warehouse building, which will help a developer cover their holdings costs. Location Overview This property, with its frontage on Wonder World Drive and proximity to Interstate 35, presents a strategic opportunity for a variety of development scenarios. It's situated on a key commuter road connecting San Marcos to Wimberley, making it a highly visible and easily accessible. The travel times are notably convenient – less than an hour to major cities like Austin, San Antonio, and only 20 minutes to New Braunfels, which enhances its appeal. The surrounding area boasts several notable landmarks and facilities that contribute to the property's value. The presence of the Amazon, Hays County Justice Center, and McCoys Building Supply nearby indicates a thriving commercial landscape for your future development.
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
PROJECTED PROFORMA-LONG TERM RENTS 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666 Investment Summary Price Tenants RSF Floors
Tenant Monthly Scheduled Income Undisclosed 3 1 1
Actual $1,875 $1,733 $2,233 $5,842
Tenant Auto Pro Paint & Body Blue Ribbon Services Champion Auto Totals
Annualized Income Description Gross Potential Rent - Less: Vacancy + Reimbursements Effective Gross Income - Less: Expenses Net Operating Income
Actual $70,100 $0 $21,006 $91,106 ($39,309) $51,797
Annualized Expenses Description Building Insurance Taxes - Real Estate Utility - Water, Sewer, Drainage Total Expenses Expenses Per RSF
Actual $5,360 $28,249 $5,700 $39,309 $39,309.07
Proforma Notes Blue Ribbon Services has annual rent escalations through 2027.
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
TENANT MIX REPORT 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666 Suite 101 103 105 3
Tenants Auto Pro Paint & Body Blue Ribbon Services Champion Auto
TENANT MIX
Approx. SF 2,500 3,750 3,750 10,000
TENANT MIX SQUARE FEET
Avg. Rents $1,875 $1,733 $2,233
Monthly $1,875 $1,733 $2,233 $5,842
TENANT MIX INCOME
Mkt Rents $3,125 $4,688 $4,688
Monthly $3,125 $4,688 $4,688 $12,500
TENANT MIX MARKET INCOME
● Auto Pro Paint & Body
● Auto Pro Paint & Body
● Auto Pro Paint & Body
● Auto Pro Paint & Body
● Blue Ribbon Services
● Blue Ribbon Services
● Blue Ribbon Services
● Blue Ribbon Services
● Champion Auto
● Champion Auto
● Champion Auto
● Champion Auto
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
PROPERTY PHOTOS 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
PROPERTY PHOTOS 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
PROPERTY PHOTOS 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
PROPERTY PHOTOS 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
PROPERTY PHOTOS 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
PROPERTY PHOTOS 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
LOCATION MAPS 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
REGIONAL MAP 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
AERIAL MAP 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
ECONOMIC DEVELOPMENT PROFILE 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
Economic Development Profile 290 Wonder World Drive Ring of 1 mile
Labor Force by Industry
Commute Time: Minutes
0.0%
1.0%
0.0%
26.1%
18.4%
55.5%
0.1%
Services
Blue Collar
White Collar
0.2%
2.4% 7.4% 2.3% 4.8%
Employment
0.8%
9.8% 9.9%
1.9%
5.6% 19.6%
2.5%
19.3%
2.7%
14.6%
Workforce
3.0% 3.3%
3.5%
0%
3.3%
5.4%
8%
12% 16% 20% 24%
Percent of Commuters
Overview
4.5%
4%
Transportation to Work
5.9% 8.2% 8.2%
Businesses
10.0% 12.7% 13.6%
0.0%
10.0%
3.5%
Took Public Transportation
Carpooled
Walked to Work
13.7%
447 Total Businesses
Source: This infographic contains data provided by Esri (2023), Esri-Data Axle (2023), ACS (2017-2021), Esri-U.S. BLS (2023), AGS (2023).
5,435 Total Employees
0.3%
78%
Bike to Work
Drove Alone to Work
© 2024 Esri
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
ECONOMIC DEVELOPMENT PROFILE 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
Home Ownership 65.0%
Home Value 30% 20%
Household Income
25.0% 12.0% 11.2% 11.2%
15
11.6% 6.3%
10%
20 18.1% 9.4% 4.8%
4.3%
10 1.4%
1.3%
Owner Occupied HUs
Bachelor's Degree 23.0%
Some College 18.2%
GED 8.2%
11D
Set to Impress
38.7%
1,306 households
of Households
Young and Restless
29.4%
992 households
of Households
Exurbanites
17.8%
601 households
of Households
< 9th Grade 4.3% No Diploma 3.3%
11B
HS Diploma 20.6%
1E
10.3%
7.8% 2.3%
Renter Occupied HUs
Tapestry segments
Grad/Prof Degree 14.5%
9.4%
0
Community Overview
Educational Attainment
14.4% 9.1%
5
35.0%
0%
Associate's Degree 8.0%
16.5% 12.1%
Source: This infographic contains data provided by Esri (2023), Esri-Data Axle (2023), ACS (2017-2021), Esri-U.S. BLS (2023), AGS (2023).
Key Facts
3,742
56
802
Total Housing Units
Housing Affordability Index
Households Below the Poverty Level
38.0
$35,103
7,004
Median
Total Population
Age
Median Disposable Income
46
80
192
Wealth
Diversity
Index
Index
Total Crime Index © 2024 Esri
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
ECONOMIC DEVELOPMENT PROFILE 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
Economic Development Profile 290 Wonder World Drive Ring of 3 miles
Labor Force by Industry
Commute Time: Minutes
0.0%
1.7%
0.1%
25.1%
17.7%
57.2%
0.3%
Services
Blue Collar
White Collar
0.8%
4.1% 8.8% 2.6% 2.8%
Employment
1.0%
7.3% 4.7%
1.8%
9.9% 19.8%
2.2%
18.3%
2.3%
17.3%
Workforce
3.0% 3.0%
2.8%
0%
4.1%
4.7%
8%
12% 16% 20% 24%
Percent of Commuters
Overview
4.6%
4%
Transportation to Work
5.4% 5.5% 6.0%
Businesses
9.4% 13.4% 15.6%
0.6%
8.2%
7.3%
Took Public Transportation
Carpooled
Walked to Work
16.8%
2,043 Total Businesses
Source: This infographic contains data provided by Esri (2023), Esri-Data Axle (2023), ACS (2017-2021), Esri-U.S. BLS (2023), AGS (2023).
28,353 Total Employees
1.1%
73%
Bike to Work
Drove Alone to Work
© 2024 Esri
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
ECONOMIC DEVELOPMENT PROFILE 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
Home Ownership 58.6%
Home Value
Household Income
27.7%
30% 20% 8.9%
10% 5.9%
11.8%
15
13.7% 7.0%
20 8.9%
6.2%
4.6%
2.7%
1.6%
12.1%
41.4%
Associate's Degree 7.2%
College Towns
25.4%
4,701 households
of Households
Dorms to Diplomas
18.9%
3,504 households
of Households
Set to Impress
15.5%
2,880 households
of Households
< 9th Grade 4.4%
14C
HS Diploma 19.3%
11D
3.7%
Renter Occupied HUs
Bachelor's Degree 24.8%
14B
11.9%
0
Tapestry segments
No Diploma 4.4%
8.9%
4.9%
Community Overview
Educational Attainment
Grad/Prof Degree 17.6%
14.8% 10.9%
5
Owner Occupied HUs
GED 4.2%
14.1%
10
0%
Some College 18.2%
18.6%
Source: This infographic contains data provided by Esri (2023), Esri-Data Axle (2023), ACS (2017-2021), Esri-U.S. BLS (2023), AGS (2023).
Key Facts
20,464
53
4,660
Total Housing Units
Housing Affordability Index
Households Below the Poverty Level
26.5
$36,354
48,236
Median
Total Population
Age
Median Disposable Income
51
80
154
Wealth
Diversity
Index
Index
Total Crime Index © 2024 Esri
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
ECONOMIC DEVELOPMENT PROFILE 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
Economic Development Profile 290 Wonder World Drive Ring of 5 miles
Labor Force by Industry
Commute Time: Minutes
0.0%
1.8%
0.1% 0.6% 0.9%
24.5%
20.4%
55.1%
Services
Blue Collar
White Collar
5.7% 8.3% 2.1% 2.5%
Employment
1.4%
8.1% 4.3%
1.8%
10.6% 18.8%
1.8%
20.0%
2.4%
15.2%
Workforce
2.4% 3.0%
2.5%
0%
4.1%
4.6%
8%
12% 16% 20% 24%
Percent of Commuters
Overview
4.2%
4%
Transportation to Work
5.6% 5.7% 6.4%
Businesses
9.8% 14.2% 14.3%
0.8%
9.2%
5.4%
Took Public Transportation
Carpooled
Walked to Work
16.6%
2,639 Total Businesses
Source: This infographic contains data provided by Esri (2023), Esri-Data Axle (2023), ACS (2017-2021), Esri-U.S. BLS (2023), AGS (2023).
36,855 Total Employees
0.8%
75%
Bike to Work
Drove Alone to Work
© 2024 Esri
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
ECONOMIC DEVELOPMENT PROFILE 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
Home Ownership 62.9%
Home Value 30%
25 20.3% 20
24.9%
20% 10%
Household Income
9.6%
9.1%
11.3%
6.9%
7.6%
15
11.6%
7.6%
5.5%
3.0%
1.8%
14B Grad/Prof Degree 13.8%
14C
College Towns
27.6%
8,640 households
of Households
Dorms to Diplomas
20.7%
6,492 households
of Households
Young and Restless
16.2%
5,072 households
of Households
HS Diploma 22.4%
11B
10.4% 3.5%
Renter Occupied HUs
Bachelor's Degree 22.1%
GED 4.1%
8.8%
0
Tapestry segments
No Diploma 6.1%
14.8%
3.8%
Community Overview
Educational Attainment
< 9th Grade 4.5%
13.5%
5
37.1%
Owner Occupied HUs
Some College 19.2%
11.9%
10
0%
Associate's Degree 7.7%
13.0%
Source: This infographic contains data provided by Esri (2023), Esri-Data Axle (2023), ACS (2017-2021), Esri-U.S. BLS (2023), AGS (2023).
Key Facts
34,292
55
7,639
Total Housing Units
Housing Affordability Index
Households Below the Poverty Level
26.3
$35,163
78,095
Median
Total Population
Age
Median Disposable Income
48
81
149
Wealth
Diversity
Index
Index
Total Crime Index © 2024 Esri
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
TAPESTRY PROFILE 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
TAPESTRY
SEGMENTATION The Fabric of America's Neighborhoods
$271,168
$39,473
7.5%
28.8%
Median Home Value
Median HH Income
No High School Diploma
High School Graduate
6.9
Tapestry LifeMode learn more...
Affluent Estates (L1)
Education
Key Facts
Households
HHs %
% US HHs
Index
601
17.82%
10.00%
178
Upscale Avenues (L2)
0
0.00%
5.55%
0
Uptown Individuals (L3)
0
0.00%
3.58%
0
Family Landscapes (L4)
123
3.65%
7.63%
48
GenXurban (L5)
0
0.00%
11.26%
0
Cozy Country Living (L6)
0
0.00%
12.06%
0
Home Value to Income Ratio
38.0
3,372
Median Age
Households
26.2%
37.5%
Some College/
Bachelor’s/Grad/
Associate’s Degree
Prof Degree
Age Profile 12
8
8
6 5
5
4
5
5 4
5
5
6
6 5 4
4
4
Tapestry segments Sprouting Explorers (L7)
0
0.00%
7.20%
0 11D Dots show comparison to
Middle Ground (L8)
240
7.12%
10.79%
Hays County
Set to Impress
38.7%
1,306 households
of Households
Young and Restless
29.4%
992 households
of Households
Exurbanites
17.8%
601 households
of Households
66
2023 Households by income (Esri) 11B
The largest group: <$15,000 (18.1%)
Senior Styles (L9)
Rustic Outposts (L10)
Midtown Singles (L11)
0
0
0.00%
0.00%
5.80%
8.30%
0
0
2,298
68.15%
6.16%
1,106
Hometown (L12)
0
0.00%
6.01%
0
Next Wave (L13)
0
0.00%
3.78%
0
Scholars and Patriots (L14)
110
3.26%
1.61%
203
The smallest group: $200,000+ (2.3%)
Indicator ▲ <$15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000+
Value 18.1% 12.1% 16.5% 9.1% 14.4% 9.4% 10.3% 7.8% 2.3%
Diff +7.8% +4.3% +8.3% +0.5% +2.5% -2.5% -10.5% -2.7% -7.7%
1E
Bars show deviation from
Hays County
Source: This infographic contains data provided by Esri (2023). © 2024 Esri
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
TAPESTRY PROFILE 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
TAPESTRY
SEGMENTATION The Fabric of America's Neighborhoods
$287,262
$41,046
8.8%
23.5%
Median Home Value
Median HH Income
No High School Diploma
High School Graduate
7.0
Tapestry LifeMode learn more...
Affluent Estates (L1)
Education
Key Facts
Households
HHs %
% US HHs
Index
1,339
7.23%
10.00%
72
Upscale Avenues (L2)
0
0.00%
5.55%
0
Uptown Individuals (L3)
0
0.00%
3.58%
0
Family Landscapes (L4)
942
5.08%
7.63%
67
GenXurban (L5)
584
3.15%
11.26%
28
Home Value to Income Ratio
26.5
18,531
Median Age
Households
25.4%
42.4%
Some College/
Bachelor’s/Grad/
Associate’s Degree
Prof Degree
Age Profile 25
11 9 7 4
Cozy Country Living (L6)
816
4.40%
12.06%
37
4
4
5
4
3
4
4
4
4
3
2
2
2
Tapestry segments Sprouting Explorers (L7)
331
1.79%
7.20%
25 14B Dots show comparison to
Middle Ground (L8)
671
3.62%
10.79%
Hays County
College Towns
25.4%
4,701 households
of Households
Dorms to Diplomas
18.9%
3,504 households
of Households
Set to Impress
15.5%
2,880 households
of Households
34
2023 Households by income (Esri) 14C
The largest group: <$15,000 (18.6%)
Senior Styles (L9)
Rustic Outposts (L10)
Midtown Singles (L11)
0
0
0.00%
0.00%
5.80%
8.30%
0
0
5,643
30.45%
6.16%
494
Hometown (L12)
0
0.00%
6.01%
0
Next Wave (L13)
0
0.00%
3.78%
0
8,205
44.28%
1.61%
2,750
Scholars and Patriots (L14)
The smallest group: $200,000+ (3.7%)
Indicator ▲ <$15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000+
Value 18.6% 14.1% 12.1% 10.9% 14.8% 8.9% 11.9% 4.9% 3.7%
Diff +8.3% +6.3% +3.9% +2.3% +2.9% -3.0% -8.9% -5.6% -6.3%
11D
Bars show deviation from
Hays County
Source: This infographic contains data provided by Esri (2023). © 2024 Esri
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
TAPESTRY PROFILE 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
TAPESTRY
SEGMENTATION The Fabric of America's Neighborhoods
$273,574
$39,257
10.6%
26.6%
Median Home Value
Median HH Income
No High School Diploma
High School Graduate
7.0
Tapestry LifeMode learn more...
Affluent Estates (L1)
Education
Key Facts
Households
HHs %
% US HHs
Index
1,339
4.27%
10.00%
43
Upscale Avenues (L2)
0
0.00%
5.55%
0
Uptown Individuals (L3)
0
0.00%
3.58%
0
Family Landscapes (L4)
1,459
4.65%
7.63%
61
GenXurban (L5)
584
1.86%
11.26%
17
Home Value to Income Ratio
26.3
31,359
Median Age
Households
26.9%
35.9%
Some College/
Bachelor’s/Grad/
Associate’s Degree
Prof Degree
Age Profile 26
9
10 7
4
Cozy Country Living (L6)
Sprouting Explorers (L7)
1,434
972
4.57%
3.10%
12.06%
7.20%
4
4
5
4
38
4
4
4
4
4
3
2
1
1
Tapestry segments
43 14B Dots show comparison to
Middle Ground (L8)
1,262
4.02%
10.79%
Hays County
College Towns
27.6%
8,640 households
of Households
Dorms to Diplomas
20.7%
6,492 households
of Households
Young and Restless
16.2%
5,072 households
of Households
37
2023 Households by income (Esri) 14C
The largest group: <$15,000 (20.3%)
Senior Styles (L9)
Rustic Outposts (L10)
Midtown Singles (L11)
0
521
0.00%
1.66%
5.80%
8.30%
0
20
8,656
27.60%
6.16%
448
Hometown (L12)
0
0.00%
6.01%
0
Next Wave (L13)
0
0.00%
3.78%
0
15,132
48.25%
1.61%
2,997
Scholars and Patriots (L14)
The smallest group: $200,000+ (3.5%)
Indicator ▲ <$15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000+
Value 20.3% 13.0% 11.9% 13.5% 14.8% 8.8% 10.4% 3.8% 3.5%
Diff +10.0% +5.2% +3.7% +4.9% +2.9% -3.1% -10.4% -6.7% -6.5%
11B
Bars show deviation from
Hays County
Source: This infographic contains data provided by Esri (2023). © 2024 Esri
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com
PROFESSIONAL BIO 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
MITCHELL CLASSEN, CCIM Broker, GRI | President mitchell@classenrealtygroup.com Direct: (512) 971-3415 | Cell: (512) 971-3415
9009393, Texas
As President of Classen Realty Group, my primary mission is to ensure that our Client’s best interests and expectations are not only met but exceeded and that the values of Classen Realty Group are clearly displayed through every interaction. While providing services that value relationships over transactions, and quality over quantity. From the first contact to the closing table, I want to ensure that your entire transaction is handled with professionalism, excellent communication, and the utmost integrity. My work ethic, determination, and raw drive originated from family generations of business owners and years spent working on the family farm in Central Texas. While attending Texas State University and earning my degree in Construction Science & Management with a Business minor, I interned with SpawGlass a large Texas-based commercial construction company. Through them, I gained invaluable experience in all aspects of the business, especially within the corporate level standard practices that I’ve implemented all while giving white-glove service within Classen Realty Group. My passion for Real Estate became more evident through each new experience with personal projects, starting with a father-son partnership, Classen Properties, LLC. My prior experiences and knowledge combined with that of my Father’s was the perfect combination for a successful venture. More importantly, I discovered the fulfillment that comes with helping others realize their own real estate goals. It was at that point that I established Classen Realty Group; A full-service commercial real estate brokerage serving the Greater Central Texas Region.
Classen Realty Group 123 N. Edward Gary Street 2nd Floor San Marcos, Texas 78666 512.402.5263
DISCLAIMER 290 Wonder World 290 Wonder World Drive | San Marcos, TX 78666
All materials and information received or derived from Classen Realty Group its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither Classen Realty Group its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Classen Realty Group will not investigate or verify any such matters or conduct 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 information and to conduct their own inspections and investigations including through appropriate third-party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Classen Realty Group makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Classen Realty Group does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided 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 market conditions, 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 by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants, and governmental agencies. All properties and services are marketed by Classen Realty Group in compliance with all applicable fair housing and equal opportunity laws.
MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com