Wolfpack Brochure - Hampton Court Brochure

H C

HAMPTON COURT

DALLAS, TEXAS

HAMPTON COURT H C

Holliday Fenoglio Fowler, L.P. (“HFF”), acting by and through Holliday GP Corp., a Texas licensed real estate broker, has been exclusively retained to offer qualified investors the opportunity to acquire Hampton Court (the “Property”), a boutique office building located in Dallas’ most dynamic office submarket, Uptown/ Turtle Creek. Currently only 73% leased in a submarket that is over 90% occupied, the Class A, 108,588-square-foot Property possesses value creation potential not readily available in today’s market. The Property’s proximity to the city’s premier residential neighborhoods and established yet expanding amenity base presents a rare opportunity for an investor to acquire an asset in one of the most prominent infill locations in the southwestern United States.

PROPERTY OVERVIEW MAJOR TENANTS

Address: 4311 Oak Lawn Avenue Dallas, Texas 75219

Total Rentable Area: 108,588 square feet

Stories: Six (6) levels above grade and four (4) levels below grade

Leased: 73% (as of August 2015)

Year Built: 1986

Site: 0.99 acres

Typical Floor Size: 18,100 square feet (approximate)

Parking: Four-level subterranean parking garage with 360 spaces – 3.3 spaces per 1,000 square feet

DallasNorthTollway

Inwood Village

Preston Center

University Park

Highland Park Village

Mockingbird Ln.

Dallas Country Club

NorthPark Center

DouglasAve.

Wycliff Ave.

Preston Rd.

Highland Park

Oaklawn Ave.

Turtle Creek Turtle Creek

IRREPLACEABLE INFILL LOCATION

Located at the doorstep of the Park Cities (Highland Park and University Park), Hampton Court is well positioned near Dallas’ most upscale and affluent neighborhoods. Home to many of Dallas’ primary decision makers and influential corporate executives, the average household income exceeds $160,000 and home values range between $1M and $20M.

SURROUNDING AMENITY BASE

The Property is surrounded by walkable amenities including the Shops at Highland Park as well as the neighboring Al Biernat’s steakhouse. To the north of the Property, Oak Lawn Avenue transitions into Preston Road which provides direct access to Dallas Country Club and Highland Park Village. Additionally, the Property is in proximity to the newly-renovated Turtle Creek Village as well as West Village, Equinox Health Club, and the Katy Trail.

STABLE IN-PLACE CASH FLOW WITH SUBSTANTIAL UPSIDE POTENTIAL

Hampton Court is currently 73% leased to an attractive mix of tenants with an average remaining lease term of over four years. Given the strength of the Uptown/Turtle Creek submarket, which has been experiencing rapidly increasing rental rates and occupancy levels, the existing average rental rate is now approximately 22% below market rates. As such, strong upside potential exists through the lease up of the remaining vacancy and the renewal of existing tenants in a significantly higher rental rate environment.

CLASS A OCCUPANCY

UPTOWN/TURTLE CREEK DALLAS OFFICE MARKET

Uptown/Turtle Creek is the premier office submarket in Dallas/Fort Worth and is the preferred office location for investment banks, private equity funds, hedge funds, private wealth managers, and family offices. Uptown/Turtle Creek continues to outperform the rest of Dallas/Fort Worth by leading the market in the Class A average rental rate and is in the top three submarkets in occupancy at 91% leased. The submarket ended the second quarter of 2015 with an average rental rate of $36.10 PSF full service, 40% higher than the market-wide average Class A rental rate. In addition, Uptown/Turtle Creek experienced rental rate growth of 6.5% in the first half of 2015 compared with 6.5% in all of 2014.

UPTOWN/TURTLE CREEK SUBMARKET OCCUPANCY VS. RENTAL RATES

DALLAS/FORT WORTH ECONOMIC OVERVIEW

The May 2015 unemployment rate of 4.3% in the Dallas/Fort Worth area continues to be well below the national average of 5.5%. Dallas/Fort Worth posted a year-over-year June 2015 job gain of 117,800, a 3.6% increase, ranking Dallas/Fort Worth first among the nation’s top 20 employment bases over the same period in terms of absolute and percentage employment gain. According to Moody’s Economy.com, Dallas/Fort Worth is expected to rank first in population and job growth, adding 756,200 people and 438,100 jobs between 2014 and 2019. Dallas/Fort Worth also ranks at or near the top in the United States for business relocations, single-family housing construction, and several other key measures of economic vitality. Additionally, Dallas/Fort Worth is ranked fifth in the ULI Emerging Trends Markets to Watch, a survey that measures long-term sustainability in all United States markets in terms of real estate investment, development, and the local housing market.

©2015 Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing.

Holliday Fenoglio Fowler, L.P. (“HFF”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.