Commercial Quarterly Retail | Office | Industrial | Multifamily | Land | Hospitality
Commercial Real Estate Quarterly Review
1st Quarter
2011
www.OldhamGoodwin.com
Commercial Quarterly 1st Quarter 2011
Table Of Contents
Property Items Explained........................................................................................................................................................................................ 3 Property Spotlight: Creekside Professional Building | College Station, Texas.............................................................................................. 4 Commercial Properties For Sale............................................................................................................................................................................ 5 Property Spotlight: ~14.4 Acres on Highway 21 | Bryan, Texas................................................................................................................... 7 Urban Land For Sale............................................................................................................................................................................................... 8 Property Spotlight: ~19 Acres on William D. Fitch Parkway | College Station, Texas.............................................................................13 Recreational & Farm/Ranch Land For Sale........................................................................................................................................................14 Property Spotlight: 500 Foch | Bryan, Texas...................................................................................................................................................15 Multifamily Properties For Sale............................................................................................................................................................................16 Tenant Spotlight: Bryan Broadcasting................................................................................................................................................................17 Office Properties For Lease..................................................................................................................................................................................18 Industrial Properties For Lease.............................................................................................................................................................................21 Tenant Spotlight: Precision Eye Care..................................................................................................................................................................22 Retail Properties For Lease...................................................................................................................................................................................23 Property Location Map.........................................................................................................................................................................................26 Multifamily Management Division Profile...........................................................................................................................................................27
About the Cover:
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As exclusive agent for the owner, Oldham Goodwin is pleased to present the offering of Creekside Professional Building for your consideration. The property is a true Class “A” multi-tenant medical office building, anchored by an eight (8) year lease with St. Joseph Regional Health System. The property’s attractive exterior and excellent curb appeal on Highway 6 make it an attractive place for tenants to do business. This excellent investment opportunity in the thriving BryanCollege Station MSA boasts long term leases to successful medical tenants and benefits from an excellent location, new high quality construction, and great visibility on State Highway 6. For more information, visit www.OldhamGoodwin.com.
Editor & Graphic Design: Dale Sandlin
Volume 3, Issue 1
© 2011 Oldham Goodwin Group, LLC. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any values, projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Property Items Explained Featured Properties
Creekside Professional Building | College Station
Location/Name: This box describes the address and city or the name of the available property.
New Listing
Property Status: This box descirbes whether the property is a New Listing, Sold or 100% Leased.
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Property’s Description: This box explains the property’s features.
Anchored By Long Term Lease With St. Joseph Regional Health System • Good Mix Of Stable And Successful Medical Tenants • Increasing Returns With Built In • Excellent Exposure And Visibility On Dominant Traffic Corridor, State Highway 6
Property’s Map Location: This icon indicates the property’s approximate location on the map.
Visit www.OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2011
Property Spotlight: Creekside Professional Building | College Station, Texas Offering Summary: Sales Price: Cap Rate: Occupancy: Current NOI:
$4,650,000 8.56% 100% $398,098
Construction Features: Foundation: Reinforced Concrete Slab Frame: Metal Exterior Walls: Brick Veneer Roof Structure: Membrane Floor Coverings: Tile/Carpet
Utilities:
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Medical Office Building For Sale
Electric: Water: Sewer: Gas: Cable: Telephone:
College Station Utilities College Station Utilities College Station Utilities Atmos Energy Suddenlink Various Providers
Property Overview: As exclusive agent for the owner, Oldham Goodwin is pleased to present the offering of Creekside Professional Building for your consideration. The property is a true Class “A” multi-tenant medical office building, anchored by an eight (8) year lease with St. Joseph Regional Health System. The property’s attractive exterior and excellent curb appeal on Highway 6 make it an attractive place for tenants to do business. This excellent investment opportunity in the thriving Bryan-College Station MSA boasts long term leases to successful medical tenants and benefits from an excellent location, new high quality construction, and great visibility on State Highway 6.
Investment Highlights: • • • • • •
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Anchored By Long Term Lease With St. Joseph Regional Health System Good Mix Of Stable And Successful Medical Tenants Increasing Returns With Built In Rental Escalations In All Leases Excellent Exposure And Visibility On Dominant Traffic Corridor, State Highway 6 Great Curb Appeal With Very Attractive Building Exterior Easily Accessible, Centrally Located In The Heart Of The Bryan/College Station MSA
Clinton D. Oldham Senior Broker Associate Commercial Group 409.781.7734 clint@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Commercial Properties For Sale Creekside Professional Building | College Station
New Listing
2805 Earl Rudder Freeway | College Station
3211 South Texas Avenue | College Station
New Listing
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New Listing
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Anchored By Long Term Lease With St. Joseph Regional Health System • Good Mix Of Stable And Successful Medical Tenants • Increasing Returns With Built In • Excellent Exposure And Visibility On Dominant Traffic Corridor, State Highway 6
Property In Excellent Condition, Complete Remodel In 2009 • Completely New Class “A” Interior Finish Out, All New Mechanical & Electric Systems • Convenient Location With Coveted University Drive Address
Renovation & Upgrade In 2009 • Large Grandfathered Pylon Sign With Excellent Exposure On Texas Avenue • Coveted Texas Avenue Address Offers Ease Of Access Through Bryan And College Station
1005 University Drive | College Station
303 Boyett | College Station
1404 W. Villa Maria | Bryan
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Property In Excellent Condition, Complete Remodel In 2009 • Completely New Class “A” Interior Finish Out, All New Mechanical & Electric Systems • Convenient Location With Coveted University Drive Address
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Rare Opportunity To Acquire Restaurant Property In Northgate District • 10 Dedicated & Exclusive Parking Spaces • Large Patio Area With Excellent Views Of Northgate Entertainment District
High Quality Construction, Built In 2005 • Five (5) Self Service Bays, Five (5) Vacuum Bays, And One (1) Automatic Drive Through Bay • Well Established And Growing Customer Base
RECENT TRANSACTIONS For More Information Contact:
Clinton D. Oldham
Oldham Goodwin represented the seller in the disposition of a ~50,000 SF Office Building near the San Antonio International Airport
Oldham Goodwin represented the buyer in the acquisition of a ~18,235 SF Retail Center
Senior Broker Associate Commercial Group p 979.268.2000 f 979.846.7020 c 409.781.7734 clint@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2011
Commercial Properties For Sale 2100 William J. Bryan | Bryan
Market Square Shopping Center | Brenham
United Plaza | College Station
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Well Maintained, Property In Overall Great Condition • Great Visibility & Exposure To High Traffic Counts • Seven Offices With A Very Large Reception Area
Great Opportunity For Investor Or Owner Occupier In An Irreplaceable Location • Significant Upside With Lease-Up Of Vacant Suites • Tremendous Location Close To Texas A&M University
~79,686 SF With Adjacent Pad Site • JC Penney Anchored Neighborhood Shopping Center • Potential Redevelopment Opportunity With Availability Of Grocery Box • Good Mix Of Local & National Tenants
3310 Longmire | College Station
Gateway Retail Center | College Station
2706 S. Texas Avenue | Bryan
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Priced Competitively At Only $110.50/ SF • Property Is Part Of The Professionally Managed Longmire Business Park • ~7,000 SF Total With Over ~4,000 SF Of Available Office Or Medical Space
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Located In The Heart Of Restaurant Row On University Drive & Highway 6 • Freestanding Building With Tremendous Visibility From University Drive • Attractive New Construction
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Well Maintained, Property In Overall Great Condition • Great Visibility & Exposure To High Traffic Counts On Texas Avenue • Ingress And Egress From Multiple City Thoroughfares • Move In Ready For Retail Bank Location Or Modifiable To Other Uses
RECENT TRANSACTIONS For More Information Contact:
Clinton D. Oldham
Senior Broker Associate Commercial Group p 979.268.2000 f 979.846.7020 c 409.781.7734 clint@OldhamGoodwin.com
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Oldham Goodwin represented the seller in the disposition of a Six Bay Car Wash in College Station
Oldham Goodwin represented the seller in the disposition of a ~53,628 SF Office Complex
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Property Spotlight: ~14.4 Acres on Highway 21 | Bryan, Texas Offering Summary: $2,180,000 OR $3.48/SF* *Price does not include equipment
Utilities: Electric: Water: Sewer: Cable: Telephone:
Bryan Texas Utilities Bryan Texas Utilities Bryan Texas Utilities Public Available Public Available
Frontage:
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(per Google Earth) ~760 Feet on Highway 21 ~450 Feet on Brookhaven Street
Commercial Development Land For Sale Property Highlights: • • • •
Outstanding Redevelopment Tract On Major Thoroughfare Strong Potential For Commercial & Multifamily Uses Less Than ½ Mile From A New HEB Grocery Redevelopment One Of The Largest Developable Tracts Near Highway 21, Highway 6 & Texas Avenue • ~1,750 SF Office On-Site
Ideal For: • Retail • Convenience Store • Hotel
• Restaurant • Office • Multifamily*
*With Conditional Use Permit Or Rezoning
Accessibility: Property can be accessed via Highway 21 or Brookhaven Street.
Visibility: Property has outstanding visibility from both Highway 21 & Brookhaven Street.
Jesse C. Durden
Senior Broker Associate Land Group 979.492.0425 jesse@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2011
Urban Land For Sale ~14.4 AC on Highway 21 | Bryan
New Listing
~19 AC on East 29th Street | Bryan
~11 AC on East 29th Street | Bryan
New Listing
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Outstanding Redevelopment Tract On Major Thoroughfare • Strong Potential For Commercial & Multifamily Uses • Less Than ½ Mile From A New HEB Grocery Redevelopment • ~1,750 SF Office On-Site
Outstanding Development Tract In Desirable South College Station • Strong Potential For Commercial & Multifamily Uses • Less Than 1½ Miles From New HEB & Lowes Anchored Commercial Developments
Excellent Medical Development Property • Strong Demographics & Traffic Counts • One Of Few Remaining Undeveloped Tracts In Area • Located On Major Commerce Thoroughfare
Tower Point Tract B | College Station
Tower Point Tract C | College Station
~1.93 AC on Highway 6 | Navasota
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Outstanding Development Tract In Desirable South College Station • Within The New HEB-Anchored Tower Point Development • All Utilities • Strong Commercial And Retail Traffic Generators
Outstanding Development Tract In Desirable South College Station • Within The New HEB-Anchored Tower Point Development • All Utilities • Strong Commercial And Retail Traffic Generators
Located On State Highway 6 • Adjacent To Nationally Flagged Best Western Hotel • Close Proximity To Numerous National Retailers
RECENT TRANSACTIONS Subject
For More Information Contact:
Vernie D. Bodden
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com
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Oldham Goodwin represented the buyer in the acquisition of a ~3.36 AC tract on FM 2818
Oldham Goodwin represented the buyerin the acquisition of a ~1.1 AC tract in Harker Heights, Texas
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Urban Land For Sale ~7.4 AC on North Graham | College Station
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~4.5 AC on Highway 6 | College Station
~53 AC on Highway 290 | Waller
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Close Proximity To Highly Traveled Wellborn Road • Regular Shape & Topography • Quick & Easy Access To State Highway 40
Excellent Visibility Along State Highway 6 • ~29,000 VPD (per TXDOT) • Convenient Access To State Highway 6 South
Regular Shape & Topography, Suitable For Development • Convenient Access to US 290 • Less Than 30 Minutes To Houston’s Metropolitan Area • Good Visibility & Paved Road Frontage • Situated Along High Growth Corridor
Hotel & Conference Center | College Station
Boonville Town Center-Tract A | Bryan
Boonville Town Center-Tract B | Bryan
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5 Floors • 167 Guest Rooms • ~23,000 SF Conference Center Building • ~400 LF Of Frontage Along Texas Avenue With Potential For More Additional Frontage Along Milliff Road • 3.956 Acres Of Prime Land
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Planned Commercial Development • Ideal For Restaurant • Exceptional Location & Visibility • Next To New IHOP • ~70,000 Vehicles Per Day On Highway 6
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Planned Commercial Development • Ideal For Retail Or Bank • Exceptional Location & Visibility • Architectural Controls • Great Neighborhood Corner
RECENT TRANSACTIONS For More Information Contact:
Jesse C. Durden
Oldham Goodwin represented the seller in the disposition of a ~1.27 AC tract to an IHOP Franchisee
Oldham Goodwin represented the seller in the disposition of a ~1.57 AC tract to Walgreens
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.492.0425 jesse@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2011
Urban Land For Sale Boonville Town Center-Tract C | Bryan
Boonville Town Center-Tract D | Bryan
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Boonville Town Center-Tract E | Bryan
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Planned Commercial Development • Ideal For Multifamily Use • Exceptional Location & Visibility • Great Value On Interior Lot • Deed Restrictions
Planned Commercial Development • Ideal For Restaurant Or Retail • Exceptional Location & Visibility • ~70,000 Vehicles Per Day on Highway 6
Planned Commercial Development • Ideal For Restaurant/Hotel/Retail/Mixed Use • Exceptional Location & Visibility • Architectural Controls • Deed Restrictions
Boonville Town Center-Tract F | Bryan
~4.76 AC on Highway 21 | Caldwell
~2.3 AC on Arrington Road | College Station
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Planned Commercial Development • Ideal For Restaurant or Retail • Exceptional Location & Visibility • ~70,000 Vehicles Per Day on Highway 6
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Located At Lighted Intersection On Highway 21 • Highly Visible Hard Corner • Adjacent To Proposed Nationally Flagged Hotel • Close Proximity To Highway 36 & Highway 21 Intersection
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Outstanding Development Tract In Desirable South College Station • Within The New HEB-Anchored Tower Point Development • All Utilities • Strong Commercial And Retail Traffic Generators
RECENT TRANSACTIONS For More Information Contact:
Vernie D. Bodden
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com
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Oldham Goodwin represented the seller in the disposition of a ~23 AC tract on Elmo Weedon Road
Oldham Goodwin represented the buyer in the acquisition of a ~17 AC tract in Tower Point Development
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Urban Land For Sale ~6 AC on Associates Avenue | College Station
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~.95 AC on Texas Avenue | College Station
2112 W. Briargate Drive | Bryan
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Commercial Development • Quick Access To Highway 30 & SH 6 • Office/ Warehouse Users • Preliminary Site Plan & Master Preliminary Plat Created
~.95 Acres On The Corner Of Redmond Drive & Texas • Prime Commercial Corner In The Heart Of College Station • Within ½ Mile Of Texas A&M University • All Utilities Available To Site
Well Situated & Highly Developable • In High Growth Corridor Of Northeast Bryan • All Utilities Available • Ideal For Restaurant Or Carwash User
~3.72 AC on Texas Ave | College Station
~3.92 AC on N. Earl Rudder Fwy | Bryan
~.96 AC on William D. Fitch | College Station
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Great Commercial Tract Centrally Located In College Station • Access From Texas Ave & Morgans Lane • Ideal For Hotel Or Office Development • All City Utilities Available
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Highly Developable Commercial Tract • Located In High Growth Corridor Of Northeast Bryan • Highly Visible • Access From 2 Roads • Ideal For Office Development Or Car Lot
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Located Directly On State Highway 40 (William D. Fitch Parkway) • Adjacent To Highly Successful Office Development • In Close Proximity To Many Subdivisions
RECENT TRANSACTIONS For More Information Contact:
Jesse C. Durden
Oldham Goodwin represented the seller in the disposition of a ~25 AC tract on Old Reliance Road
Oldham Goodwin represented the seller in the disposition of a ~30 AC tract on County Road 175
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.492.0425 jesse@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2011
Urban Land For Sale ~19.236 AC on Greens Prairie | College Station
~10 AC on FM 2818 | Bryan
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Located In Close Proximity To Texas A&M University • In Close Proximity To New Texas A&M Health Science Center • Ideal For Neighborhood Strip Retail Development • All Utilities Available
Extremely Rare Large Tract Platted For Multifamily Development • Adjacent To Highly Successful Multifamily Project • Quick Access To FM 2154 (Wellborn) & State Highway 40
~12.69 AC on S. Ranch Road 620 | Austin
~4 AC on William J. Bryan Pkwy | Bryan
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Highly Visible On Ranch Road 620 • Located In The High Growth Community Of Lakeway, Texas • Located Adjacent To New Lakeway Regional Medical Center • Ideal For Medical Office Or Assisted Living Facility
~6 AC on Clarks Lane | Bryan
Highly Developable Tract In High Growth Corridor Of Northeast Bryan • Situated At A Signaled Intersection • Extrememly High Traffic Counts • All City Utilities Available • Ideal For Neighborhood Retail Or Hotel Use
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Ideal Light Industrial Tract • Access From 2 Roads • All City Utilities Available • In Close Proximity To State Highway 6 & Highway 21
The Land Group specializes in Urban Land as well as Recreational & Farm/Ranch Land. If you are considering buying or selling land, please contact me today to discuss your needs.
Jesse C. Durden
Senior Broker Associate Land Group 979.492.0425 jesse@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact: Site
Vernie D. Bodden
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com
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Oldham Goodwin represented the seller in the disposition of a ~120 AC of Industrial Land in Brenham
Oldham Goodwin represented the seller in the disposition of a ~6.5 AC of Multifamily Land in College Station
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Property Spotlight: ~19 Acres on William D. Fitch Parkway | College Station, Texas Offering Summary: To Be Determined Owner Will Ground Lease Or Build-To-Suit With Acceptable Terms
Utilities: Electric: Water: Sewer: Cable: Telephone:
College Station Utilities College Station Utilities College Station Utilities Public Available Public Available
Zoning:
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PDD, Planned Development District C-1, General Commercial A-P, Administrative Professional R-4, Multifamily
Commercial Development Land For Sale Property Highlights: • Outstanding Development Tract In Desirable South College Station • Strong Potential For Commercial & Multifamily Uses • Less Than 1½ Miles From New HEB & Lowes Anchored Commercial Developments • In Close Proximity To Established Residential Developments & The New College Station High School • All Utilities
Ideal For: • Retail • Convenience Store • Medical
• Restaurant • Office • Multifamily
Accessibility: Property can be accessed via William D. Fitch Parkway.
Visibility: Property has excellent visibility from William D. Fitch Parkway.
Vernie D. Bodden
Senior Broker Associate Land Group 979.777.4641 vernie@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2011
Recreational & Farm/Ranch For Sale ~16.67 AC on Narrow Way | College Station
~4.2 AC on FM 158 | Millican
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~164 AC on FM 2818 | Bryan
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Close Proximity To State Highway 6 • Directly In The Projected Growth Path Of The City Of College Station
Close Proximity And Convenient Access To State Highway 6 • Directly In The Projected Growth Path Of The City Of College Station • Regular Shape, Suitable For Development
~153 AC on Highway 21 Business | Kurten
~70 AC on Taylor Road | College Station
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Excellent Recreational Property Close To Bryan/College Station • Offers Mix Of Wooded And Open Pasture • Two Stock Tanks • Good Long-Term Investment
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Ideal Recreational Tract • Located In Direct Growth Path Of College Station • New Fencing & Entrance • Rolling Topography With Large Trees
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Commercial And PD-Housing Zoning • In Growing West Bryan, Near Lake Bryan • Nearly 1 Mile Of Frontage On FM 2818 • Strong Utility Service – Development Ready
The Land Group specializes in Urban Land as well as Recreational & Farm/Ranch Land. If you are considering buying or selling land, please contact me today to discuss your needs.
Vernie D. Bodden
Senior Sales Associate Land Group 979.777.4641 vernie@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Jesse C. Durden
Subject
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.492.0425 jesse@OldhamGoodwin.com
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Oldham Goodwin represented the seller in the disposition of a ~617 AC recreational tract
Oldham Goodwin represented the buyer in the acquisition of a ~30 AC recreational tract
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Property Spotlight: 500 Foch | Bryan, Texas Offering Summary: Offering Price: Price Per Unit: Price Per SF: Occupancy: Existing Financing:
$519,000 $32,437 $81.09 81% Available On All Cash Basis
Construction Features: Foundation: Frame: Exterior Walls: Roof Structure: Floor Coverings:
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16-Unit Apartment Community For Sale
Slab Traditional Masonry/Siding Composition Carpet/Linoleum
Utilities: Electric: Water/Sewer: Telephone:
Bryan Texas Utilities Bryan Texas Utilities Verizon
Property Overview: 500 Foch is a garden-style, multifamily community located in Bryan. The property consists of 16 units completed in 1971 totaling 6,400 square feet. 500 Foch is conveniently located within close proximity to Texas A&M University. Bryan/College Station is home to Texas A&M University, one of the largest universities in the country with a Fall 2010 enrollment of 49,129 students. Bryan-College Station is located within the “Texas Triangle” - a triangle formed by Dallas, Houston, Austin and San Antonio. It is 95 miles north of Houston, 169 miles south of Dallas, 166 miles northeast of San Antonio and 104 miles east of Austin.
Property Highlights: • • • • •
Walking Distance To Texas A&M University On The Texas A&M Shuttle Route In The Historic Northgate Area Recently Renovated Consistent Rental History
Rick T. Lemons , CCIM Senior Broker Associate Multifamily Group 979.255.1950 rick@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2011
Multifamily Properties For Sale 405 & 407 Cherry Street | College Station
New Listing
500 Foch | Bryan
New Listing
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Excellent Value Add Opportunity • Convenient To Texas A&M • Fully-Equipped Kitchens • With Dishwasher, Stove/Oven, Refrigerator & Garbage Disposal
2001 Moses Creek | College Station
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16 Units • Walking Distance To Texas A&M University • On The Texas A&M Shuttle Route • In The Historic Northgate Area • Recently Renovated
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Over 1.5 Acres • 2,400 SF Minimum Build • Deed Restricted • Small Pond • Survey On File
105 Winter Park | College Station
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Convenient To Texas A&M • Fully-Equipped Kitchens • Washer And Dryer Connections • On TAMU Bus Route • Large Lot • Deck • 24-Hour Emergency Maintenance
The Multifamily Group at Oldham Goodwin specializes in Apartments, Fourplexes, Triplexes and Duplexes. If you are considering purchasing or selling a Multifamily property, we would appreciate the opportunity to speak with you about your needs.
Rick Lemons , CCIM Senior Broker Associate | Multifamily Group 979.255.1950 | rick@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Rick Lemons, CCIM
Senior Broker Associate Multifamily Group p 979.268.2000 f 979.846.7020 c 979.255.1950 rick@OldhamGoodwin.com
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Oldham Goodwin represented the buyer in the acquisition of a 112 Unit Apartment Complex
Oldham Goodwin represented the buyer in the acquisition of a 134 Unit, Student Oriented Apartment Complex
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Tenant Spotlight:
Bryan Broadcasting Candy 95.1 WTAW 1620 KZNE 1150 KAGC 1510 kwbc 1550
On The Air: • KNDE – Candy 95 (95.1-1 FM), Rock Candy (95.1-2 FM), The Zone FM (95.1-3 FM) • KZNE – Sports Radio 1150, The Zone • WTAW – News/Talk 1620 • KAGC – 1510 AM, Christian Family Radio • KWBC – Navasota News 1550 AM
Online: • www.BryanBroadcasting.com
On Mobile:
Bryan Broadcasting Staff - Attends the Texas Broadcaster Of The Year Banquet in Austin, honoring General Manager Ben Downs
Bryan Broadcasting Corporation is the only locally owned commercial media in the Brazos Valley. From atop the Crystal Park Plaza in College Station, Bryan Broadcasting operates seven radio stations and prints a variety of magazines distributed throughout the area.
• Text Message Marketing • RadioAggieland App
In Print: • Bryan Broadcasting Publications
The radio stations owned by Bryan Broadcasting have been a fixture in the community for years. In fact, what is now News/Talk 1620 WTAW had its beginnings in 1919 as an experimental radio station belonging to Texas A&M University. The station is credited with broadcasting the first play-by-play of a football game. WTAW is still home for the Aggies today. Bryan Broadcasting stations are the flagship for Texas A&M Athletics radio broadcasts. Each of the Bryan Broadcasting stations employ local announcers to broadcast the latest news, sports, weather, and discuss topics that are important to the Brazos Valley. Whether updating listeners on icy conditions and school closings, hosting candidate forums for local elections, or supporting a local artist on American Idol, Bryan Broadcasting DJs and announcers are plugged in to the community. Commitment to the community is part of the job at Bryan Broadcasting. Over the last four years, the stations have raised over $300,000 for life-saving equipment in St. Joseph’s Neonatal Intensive Care Unit; Children of low-income families have received toys and clothes for Christmas through Bryan Broadcasting’s annual Christmas Angels program; and, the stations donate thousands of dollars of free airtime to local organizations and charities throughout the year. The Bryan Broadcasting account executives are advocates for local business. Utilizing the stations’ presence on air, online, on location, and even on mobile devices, the sales team creates compelling campaigns for local advertisers. Bryan Broadcasting’s Publications division produces 13 full-color, glossy magazines each year including Brazos Valley Bride, Brazos Family, Brazos Wellness, BrazosLife, At Home and Best of the Brazos Valley. Subscriptions are free. To be added to the mailing list for any publication, email magazine@bryanbroadcasting.com
Located At:
Crystal Park Plaza College Station, Texas Office Space For Lease www.OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2011
Office Properties For Lease Physicians Centre | Bryan
Texas Digital Building | College Station
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Memorial Village | Bryan
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Class “A” Professional Medical Office Building • Wide Range Of Suite Sizes And Configurations Convenient Access To Highway 6 & University Drive • Range Of Available Spaces: ~428 ~4,200 SF Contiguous
Customizable Office Space With Open Floor Plan • Private Office Park With Favorable Co-Tenancy • Easy Access To Highway 6 South • Controlled Building Access & Gated Office Park Entrance • Available Space: ~10,598 SF
First Generation Space Allows For Custom Build Out • High Visibility With Exceptional Traffic Counts • Convenient Access To Restaurants, Retail, Medical & Office • Range Of Available Spaces: ~1,500 - ~6,360 SF
Crystal Park Plaza | College Station
3310 Longmire | College Station
2100 William J Bryan | Bryan
New Tenant
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Class “A” Professional Office Building • Wide Range of Suite Configurations • High Visibility With Exceptional Traffic Counts • Range Of Available Spaces: ~1,707 - ~12,059 SF
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Convenient For A Variety Of Users Including Professional Office Or Medical Tenants • ~4,013 SF Of Available Space • Excellent Visibility On Longmire Drive, A Major College Station Thoroughfare
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Great Visibility & Exposure To High Traffic Counts On William J Bryan Parkway • Seven Offices With A Very Large Reception Area • Available Space: ~2,375 SF
RECENT TRANSACTIONS For More Information Contact:
Brock Robertson
Leasing Associate p 979.268.2000 f 979.846.7020 c 469.363.8619 brock@OldhamGoodwin.com
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Oldham Goodwin represented the landlord in the lease for Greenwood & Hall at Texas Avenue Plaza
Oldham Goodwin represented the landlord in the lease for Medi-Weightloss at University Park Plaza
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Office Properties For Lease Texas Avenue Plaza | Bryan
Lawyers Title Co. Building | College Station
New Tenant
Wolf Pen Ridge | College Station
Price Reduction
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Price Reduction
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Immediate Occupancy Available • Excellent Visibility With Frontage On Texas Avenue • Numerous Recent Capital Improvements • Range Of Available Spaces: ~592 - ~16,112 SF
Attractive New Construction With Contemporary Landscaping • Established Co-Tenant • Excellent Visibility • First Generation Space • Available Space: ~3,900 SF
~1 Mile From Texas A&M University • One Block From Wolf Pen Creek Amphitheater & Park • Range Of Available Spaces: ~2,500 - ~3,524 SF
Oxford Court | College Station
United Plaza | College Station
Executive Office Plaza | Bryan
New Tenant
New Tenant
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Executive Style Office Suites • Located Along Hwy 40 Near Castlegate & Castlerock Subdivisions • ~1 Mile From Hwy 40/Hwy 6 Intersection • Available Space: ~696 SF
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Centrally Located Within Bryan/College Station • Small To Mid-Sized Suite Configurations • Within ~1.5 Miles Of Texas A&M University • Range Of Available Spaces: ~264 - ~2,001 SF
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~1 Mile From The Briarcrest Exit Off Highway 6 • Within 2 Miles Of Both TAMU Main Campus And Blinn College • Centrally Located • Range Of Available Spaces: ~461 - ~2,850 SF
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Oldham Goodwin represented the landlord in the lease for Creative Works at Copper Chase Office Park
Oldham Goodwin represented the landlord in the lease for Centrieva Corporation at Oxford Court
Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
19
Commercial Quarterly 1st Quarter 2011
Office Properties For Lease University Park Plaza | College Station
1200 Briarcrest | Bryan
65
64
63
~1.5 Miles From St Joseph Regional Health Center & ~1 Mile From Blinn College • Range of Available Spaces: ~ 1,500 - ~6,000 SF
Southwood Business Center | College Station
Great Visibility & Exposure To High Traffic Counts On University Drive • Move-In Ready For Doctors Office Or Professional Office User • Range Of Available Spaces: ~2,000 - ~3,141 SF
Central Location To Thriving Commercial And Residential Growth • Vast Traffic Flow From Texas Avenue • ~400 FT Of Frontage On Hwy 6 • Range Of Available Spaces: ~1,268 - ~11,032 SF
Copper Chase Office Park | Bryan
If you are considering leasing space, please contact our group and allow us to provide you with the insight and accessible expertise you need to make an informed decision. 66
~1 Mile From Blinn College • Small, Mid & Large Sized Suite Configurations Available • Less Than 1/4 Mile From St. Joseph’s Regional Medical Center • Range Of Available Spaces: ~130 - ~5,162 SF
Robert J. Young
Director of Commercial Leasing Senior Broker Associate 979.324.1717 robert@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Brock Robertson
Leasing Associate p 979.268.2000 f 979.846.7020 c 469.363.8619 brock@OldhamGoodwin.com
20
Oldham Goodwin represented the landlord in the lease for MBL Metals at The Emporium
Oldham Goodwin represented the landlord in the lease for Accurate Drug Testing Solutions at Copper Chase Office Park
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Industrial Properties For Lease The Emporium | College Station
12761 State Highway 30 | Bryan
68
67
~20,473 SF Of Office & Warehouse Space • ~32,000 SF Of Yard Space • High Quality Metal Construction With Four 20’ High Overhead Doors
Easy Access To Highway 6 South & Rock Prairie Road • Six 12’ Overhead Roll Up Doors • Flexible Floor-Plan Easily Divisible To Accommodate A Variety Of Businesses • Range Of Available Spaces: ~401 - ~14,926 SF
If you or your business is looking to relocate, expand or downsize, contact me today to find out how Oldham Goodwin can help find you a great location. For more information regarding our leasing services, please contact me today.
Brock Robertson
Leasing Associate 469.363.8619 | brock@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Oldham Goodwin represented the landlord in the leases for Basis Solutions at Conner Steel Building
Oldham Goodwin represented the landlord in the lease for WEC Land Services at United Plaza
Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
21
Commercial Quarterly 1st Quarter 2011
Tenant Spotlight:
To Schedule An Appointment: Call 979-985-5305 Or Visit Us On The Web At www.bcseyes.com.
Our Office Hours Monday Tuesday Wednesday Thursday Friday Saturday Closed Daily For Lunch
Closed 10:00-6:30 10:00-6:30 10:00-6:30 10:00-6:30 9:00-4:00 1:00-2:00
At Precision Eye Care, we are committed to promoting healthy eyes and clear vision. Our goals are to address all of our patients’ visual needs, to educate patients about their eyes, to provide superior customer service, and to provide high-fashion, quality eyewear.
To Achieve These Goals, We Offer: • • • •
Well-Vision Eye Exams For All Ages Including Babies And The Elderly Medical Exams To Diagnose And Treat Eye Diseases Dry Eye And Allergy Eye Evaluations Vision Therapy For Patients With Double Vision, Eye Turns, And Lazy Eye • Gentle Corneal Reshaping • Contact Lenses Including Bifocal Contacts • Optical Boutique With Over 450 Designer Frames • Liberal Warranty Policy On Eyewear Purchases • Sunglass Outlet Including Oakley And Ray-Bans
Located At:
Plazas At Rock Prairie College Station, Texas Retail Space For Lease www.OldhamGoodwin.com
22
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Retail Properties For Lease Wellborn Landing | Wellborn
Gateway Retail Center | College Station
303 Boyett | College Station
New Listing
69
70
71
High Visibility With Exceptional Traffic Counts • Convenient Access To Large Rural Housing Developments • Located Near America’s Country Store, Wellborn Post Office, And Hullabaloo’s Diner • In-Line And End-Cap Suites Available
Located In The Heart Of Restaurant Row On University Drive & Highway 6 • Freestanding Building With Tremendous Visibility From University Drive • Available Space: ~3,566 SF
~3,500 SF Restaurant With Covered Patio • 10 Dedicated And Exclusive Parking Spaces • Rare Opportunity For Lease Space In The Northgate Historical District
Tower Point | College Station
Mid-Town Center | Bryan
University Shopping Center | College Station
72
Located In Underserved South College Station • Affluent And Rapidly Expanding Population • Multiple Ingress/Egress Points Allows For Convenient Access • Range Of Available Spaces: ~1,200 - ~15,000 SF
73
Convenient & Easy Access From Two Thoroughfares • Recently Renovated With Fresh Exterior Paint • Excellent Visibility With Frontage On Texas Avenue • Range Of Available Spaces: ~1,800 - ~3,960 SF
74
Junior Anchor Availability • Over 600 Feet Of Frontage Along Texas Avenue • Less Than 1/2 Mile From TAMU • Five Points Of Access Off Of Three Major Thoroughfares • Available Space: ~12,467 SF
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Oldham Goodwin represented the tenant in the lease for Fish N’More at Tejas Center
Oldham Goodwin represented the landlord in the lease for Peach Blossom Island Group at Plazas At Rock Prairie
Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
23
Commercial Quarterly 1st Quarter 2011
Retail Properties For Lease Plazas At Rock Prairie | College Station
Park Plaza Center | College Station
75
Grant Plaza | Huntsville
76
77
Remaining Available Space: ~2,061 SF & ~0.79 AC Pad Site • ~4 Miles From TAMU • High Daytime Population • Southern “Gateway” Of College Station
Located In The Heart Of College Station’s Retail Corridor • Excellent Visibility At The Corner Of Texas Avenue & Harvey Road Located Within Close Proximity To HEB & Target • Available Space: ~2,263 SF
Convenient & Easy Access From Interstate 45 • Excellent Visibility With Frontage On 11th Street • Diverse And Established Retail Tenant Mix • Range Of Available Spaces: ~4,337 - ~6,638 SF
Post Oak Square | College Station
Shops on Texas | College Station
Market Square Shopping Center | Brenham
79
78
Range Of Available Spaces: ~1,430 ~19,225 SF • Competitive Rental Rates And Build-Out Allowance • Restaurant Space Available • Adjacent To Post Oak Mall
Available Space: ~1,594 SF • Dynamic Growth Area • Central Location With High Traffic Counts • Great Visibility And Access On Texas Avenue
80
Big Box Availability • Less Than 1 Mile From Hwy 290 • Less Than 3 Miles From Blue Bell Creameries • Range Of Available Spaces: ~2,000 - ~38,046 SF
RECENT TRANSACTIONS For More Information Contact:
Brock Robertson
Leasing Associate p 979.268.2000 f 979.846.7020 c 469.363.8619 brock@OldhamGoodwin.com
24
Oldham Goodwin represented the landlord in the lease for Yogurtland College Station at Park Plaza Center
Oldham Goodwin represented the landlord in the lease for Merle Norman at Post Oak Square
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011
Retail Properties For Lease Southwest Crossing | College Station
Longwood Crossing | Pearland
West Wind Shopping Center | Lubbock
New Tenant
81
82
83
~8,000 SF Pad Site Available • Located In The Center Of The Most Densely-Populated Student Area In College Station • Located Less Than ½ A Mile From TAMU • Range of Available Spaces: ~1,500 - 6,000 SF
~3.5 Miles From Silverlake, A 3,500 Home Residential Development • ~5 Miles From The 288/518 Intersection • Available Space: ~2,200 SF
~3.6 Miles From Texas Tech University & ~2 Miles From Lubbock Christian University • Available Space: ~1,952 SF • Great Visibility From Loop 289
Brookhaven Retail Center | Bryan
Southwood Plaza | College Station
Park Place Plaza | College Station
85
86
84
~5 Miles From TAMU • ~1.5 Miles From Miramont Country Club • Range Of Available Spaces: ~1,500 - ~2,100 SF • Rapid Population Growth & Business Development Within The Area
Anchored By Super Walmart Of College Station • Great Access To The Center With Entrances On Longmire & Texas Avenue • Available Space: ~788 SF
Convenient Community Retail Center • Great Visibility & Access On Southwest Parkway & Texas Avenue • Centrally Located Near Texas A&M University And Residential Subdivisions • Range Of Available Spaces: ~1,161 - ~45,500 SF
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Oldham Goodwin represented the tenant in the lease for Froyoyo Yogurt at Woodstone Center
Oldham Goodwin represented the landlord in the lease for Caliber Collision at 601 South Texas Avenue in Bryan
Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
25
Commercial Quarterly 1st Quarter 2011
Property Location Map 2223
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This map of the Bryan & College Station city limits is for marketing purposes only and may not accurately depict the actual city limits. This map is not to scale and all property locations are approximate.
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979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2011 Multifamily Management Overview
Multifamily Management Division Profile • • •
• • •
• • • •
• • • • •
• • •
15105B Silver Springs, College Station, Texas
Handled the lease up, management and stabilization of a recently constructed 94-unit, Class “A” property Took over management in November 2009, while property was in the mid 70% range, and had property 100% leased by Summer 2010 Worked closely with property tax consultant to lower the property’s assessed value resulting in an estimated $33,500 reduction in property taxes
2401 Welsh Avenue, College Station, Texas
Represented investment group in the negotiation and acquisition of this 134-unit multifamily asset in April 2008. Through an ambitious renewal and marketing campaign, increased stabilized monthly revenue 8.35% in first 9 months Currently overseeing extensive unit renovations including: new paint, baseboard installation, flooring and cabinet updates, as well as installing washer/dryer connections to drive future demand and revenue
401 Lincoln, College Station, Texas
Represented investment group in negotiation and acquisition of this 80-unit multifamily asset in June 2010 Took over in the middle of Summer Turn and quickly transitioned to finish leasing and complete all turns without losing competitive edge to other apartment communities in the area Completed Phase I Capital Improvements this winter in order to increase property value while enhancing conditions for residents Performed cost segregation study to accelerate asset depreciation & reduce owner’s tax liability
1806 B Yellowhouse Circle, College Station, Texas
Represented an investment group in the negotiation & acquisition of this 112-unit multifamily asset Increased NOI by 9.30% the first full year after takeover Negotiated bulk services agreement with cable & internet service provider to create a more marketable & cost efficient package for current & future residents & reduce operating expenses Performed cost segregation study to accelerate asset depreciation and reduce owner’s tax liability Exceeded budgeted NOI by 8.31% in 2010
1601 Anderson, College Station, Texas
Represented buyer in the negotiation and acquisition of this 84-unit multifamily asset Completed extensive upgrades to units including new flooring, paint appliances, HVAC systems and fenced yards on select units Implemented cost containment measures such as low flow water devices, property tax appeal, pool salt water chlorinators and resident retention programs.
For More Information About These Services, visit www.OldhamGoodwin.com. 2800 South Texas Avenue, Suite 401 Bryan, TX | 77802 979.268.2000 • www.OldhamGoodwin.com Phone: 979.268.2000 | Fax: 979.846.7020
27
Commercial Quarterly 1st Quarter 2011
“Accessible Expertise” Rick Lemons, CCIM
Multifamily Group
Clinton D. Oldham
Senior Broker Associate
Commercial Group Senior Broker Associate
Rick’s background encompasses over 20 years of hospitality and property management experience with Aramark, Pappas Restaurants, Inc. and Oldham Goodwin. Since 2004, he has managed and operated the multifamily division of Oldham Goodwin. As a commercial real estate broker, Rick has listed and sold numerous multifamily and single family properties to local and national investors. 979.255.1950 | rick@OldhamGoodwin.com
Clint represents our private investment and corporate clients in the acquisition and disposition of Retail, Office and Industrial real estate. In addition to buyer and seller representation, Clint’s experience includes project leasing, tenant representation, as well as investment and financial analysis. Clint’s broad range of experience in the local commercial real estate market has made him a valuable asset to clients seeking to acquire or dispose of their assets.
Vernie D. Bodden, III
Jesse C. Durden
Land Group
409.781.7734 | clint@OldhamGoodwin.com
Senior Broker Associate
Land Group Senior Broker Associate
Vernie’s background in the ranching industry has enabled him to build a broad base of knowledge in rural land, both from an operational and valuation perspective. Vernie has used these principals to broaden his scope of knowledge to include the commercial realm. As a result, he has been able to represent some of the states largest retail and hospitality developers. 979.777.4641 | vernie@OldhamGoodwin.com
Jesse specializes in development and site selection for Oldham Goodwin. Jesse’s experience includes commercial development and construction, as well as real estate investment analysis. Prior to his arrival at Oldham Goodwin, Jesse worked with Austin Commercial in Dallas and Caldwell Companies in Houston. 979.492.0425 | jesse@OldhamGoodwin.com
Robert J. Young
Brock Robertson
Leasing Division Senior Leasing Associate
Leasing Division Leasing Associate
Over the last 4 years, Robert has focused on increasing his understanding of the B/CS real estate market, the emerging trends that affect the city, county, and state, and the commercial real estate growth indicators that real estate experts use to predict the future of the local market. Robert strives to deliver the highest levels of client services available. 979.324.1717 robert@OldhamGoodwin.com
Brock specializes in commercial property analysis, budget projections, and providing landlord representation for office space. Brock utilizes and leverages his knowledge of commercial real estate finance to provide exceptional service to each of his clients. Outside of work, Brock is an avid golfer and enjoys spending time with family and friends.
Daniel Powell
Erin Sissell
Sales Division Sales Coordinator, Associate
Daniel coordinates sales marketing and transaction efforts as well as assists executives with brokerage strategic initiatives. Daniel is known by his peers as highly organized and extremely knowledgeable of brokerage services. 979.575.2551 | daniel@OldhamGoodwin.com
469.363.8619 | brock@OldhamGoodwin.com
Leasing Division Leasing Coordinator, Associate
Erin coordinates leasing marketing and transaction efforts as well as assists executives with brokerage strategic initiatives. Erin is Oldham Goodwin’s Ambassador to the Bryan/College Station Chamber of Commerce. In addition she was also a former member of the Real Estate Development Association at Texas A&M. 254.592.2615 | erin@OldhamGoodwin.com
2800 South Texas Avenue, Suite 401 Bryan, Texas | 77802 T 979.268.2000 | F 979.846.7020 www.OldhamGoodwin.com