Commercial Quarterly Retail | Office | Industrial | Multifamily | Land | Hospitality
Commercial Real Estate Quarterly Review
1st Quarter
2012
www.OldhamGoodwin.com
Commercial Quarterly 1st Quarter 2012
Table Of Contents
Property Items Explained........................................................................................................................................................................................ 3 Property Spotlight: Academy Sports & Outdoors | Longview, Texas.............................................................................................................. 4 Commercial Properties For Sale............................................................................................................................................................................ 5 Property Spotlight: ~17 Acres in Tower Point | College Station, Texas........................................................................................................ 8 Urban Land For Sale............................................................................................................................................................................................... 9 Recreational & Farm/Ranch Land For Sale........................................................................................................................................................15 Property Spotlight: Hickory Park Duplexes | College Station, Texas...........................................................................................................16 Multifamily Properties For Sale............................................................................................................................................................................17 Tenant Spotlight: Dr. Alan Strong, CH & Robin Roberts, CH...........................................................................................................................18 Office Properties For Lease..................................................................................................................................................................................19 Industrial Properties For Lease.............................................................................................................................................................................22 Tenant Spotlight: Brazos Natural Foods.............................................................................................................................................................23 Retail Properties For Lease...................................................................................................................................................................................24 Property Location Map.........................................................................................................................................................................................27
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About the Cover: Boardwalk Plaza is an ~7,084 SF retail center currently under construction in the heart of the Bryan/College Station retail corridor. Boardwalk Plaza is surrounded by numerous national retailers, including an HEB anchored retail center, Hobby Lobby, Ross Dress for Less, and numerous other local and national retailers. Due to the location and surrounding retailers, the traffic counts at Boardwalk Plaza are among the highest in the Brazos Valley. Boardwalk Plaza will be anchored by Systek Computing, potentially providing an instant customer base for any future tenant. The architectural features of this property are modern and attractive, making the Boardwalk Plaza one of the most aesthetically pleasing retail centers in Bryan/College Station. The central location, dense population, new construction and surrounding business growth of this trade area, make Boardwalk Plaza an excellent location for retailers and other businesses to service this market. For more information, visit www. OldhamGoodwin.com.
Editor & Graphic Design: Dale Sandlin
Volume 4, Issue 1
Š 2012 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 2012
Property Items Explained Featured Properties
Boardwalk Plaza | College Station
Location/Name: This box describes the address and city or the name of the available property.
New Listing
Property Status: This box describes whether the property is a New Listing, Sold or 100% Leased.
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State Of The Art Architectural Features And Amenities • Regional Trade Population Of Approximately 400,000 • Visibility From Texas Avenue And Park Place • Available Space: ~2,275 SF
Property’s Description: This box explains the property’s features.
Property’s Map Location: This icon indicates the property’s approximate location on the map.
Announces Our Newest Brokerage Vice President Oldham Goodwin is pleased to announce Cyndee Smith, Vice President of Brokerage Services for the Greater Houston Area, including Washington and the surrounding counties.
BROKERAGE SERVICES Cell: 713.816.3407 cyndee@OldhamGoodwin.com
Cyndee focuses on acquisition, disposition and development of commercial and country properties for clients. With over 30 years of experience in commercial real estate, Cyndee has completed numerous types of transactions including landlord representation of new retail developments and tenant representation. Cyndee is committed to providing excellent services in both commercial and country property types.
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2012
Property Spotlight: Academy Sports & Outdoors | Longview, Texas Offering Summary: Sales Price: Price/SF: Cap Rate: NOI*:
$5,387,755 $101.90 7.35% $396,825
*Beginning September 2012, Seller Will Credit Rent Difference At Closing
Offered In Conjunction With:
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NNN Investment Property For Sale Property Overview: Oldham Goodwin, as exclusive agent for the owner, in conjunction with Coldwell Banker Commercial is pleased to present for sale an absolute NNN leased Academy Sports and Outdoors property in Longview, Texas for your consideration. The property consists of an approximately 52,871 SF free standing retail building situated on over seven acres in the heart of Longview’s retail corridor. The property is across the street from a 600,000 SF regional mall and has over ten and one half (10.5) years remaining on a twenty (20) year lease with Academy Sports and Outdoors. Academy Sports and Outdoors is one of the nation’s largest sporting goods retailers and operates over 135 stores in 11 states in the Southeastern United States.
Investment Highlights: • 10.5 Years Remaining On A 20-Year Absolute-Net Lease • Zero Landlord Responsibility, Tenant Maintains Roof And Structure • Excellent Exposure Near The Intersection Of SH 281 And SH 63, Nearly 40,000 Cars Per Day • Directly Across The Street From Regional Mall, Over 600,000 SF GLA • Nearby Anchor Tenants Include JC Penney, Dillard’s, Sears, Best Buy, & Albertsons • 2010 Average Household Income Of $64,471 Within A 3 Mile Radius
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Clinton D. Oldham
Director of Brokerage Services Vice President | Commercial Group 409.781.7734 clint@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2012
Commercial Properties For Sale Academy Sports & Outdoors | Longview
New Listing
2752 Longmire | College Station
1100 Manley | Navasota
New Listing
New Listing
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10.5 Years Remaining On A 20-Year AbsoluteNet Lease • Zero Landlord Responsibility, Tenant Maintains Roof & Structure • Excellent Exposure Near The Intersection Of SH 281 And SH 63, Nearly 40,000 Cars Per Day
~17,400 SF Of Enclosed Air Conditioned Space • Building Was Recently Expanded In 2007 • Situated On Over 2.5 Acres Of Land, Room For Expansion And Surplus Parking • Priced Well Below Replacement Cost At Just Over $20/SF
Located At The Hard Corner Of A Lighted Intersection At Longmire Drive And Deacon Drive • Near Large Retail Developments And Less Than 1 Mile From College Station’s Medical District
Office Max Center | College Station
11915 SH-30 | College Station
3988 Greens Prairie Road | College Station
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Located On Densely Concentrated Retail Corridor • Over 30,000 SF Stand Alone Retail Building Best Suited For Junior Anchor Retailer • Excellent Visibility With Over 300 Feet Of Frontage On Harvey Road • Exposure To High Traffic Counts
Eight Year NNN Lease With A Rent Increase In Year Five • Current CAP Rate Of 11.19% With Upside In Rental Increases • 10,000 SF Of Showroom And Warehouse Space With ~1.5 Acres Of Yard Area
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Contains Seven (7) Private Offices Wired For Ethernet & Cable • Each Office Has Zoned HVAC With Its Own Thermostat • Attractive New Construction With New Development In The Immediate Area
RECENT TRANSACTIONS For More Information Contact:
Clinton D. Oldham
Oldham Goodwin represented the seller in the disposition of a ~7,420 SF Medical Office Building
Oldham Goodwin represented the buyer in the acquisition of a ~18,235 SF Retail Center
Director of Brokerage Services Vice President | Commercial Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 409.781.7734 clint@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2012
Commercial Properties For Sale 2800 North Texas Avenue | Bryan
Kentwood Office Park | Bryan
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2780 N. Harvey Mitchell Parkway | Bryan
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Accessibility & Visibility On N Texas Avenue Between State Highway 21 & State Highway 6 Two 10-Ton Overhead Cranes In Manufacturing Building • Heavy Power, 3 Phase, 480 Volts • Priced Below Replacement Cost At $18.70/SF
Accessibility On The Highly Trafficked Briarcrest Drive • Between Texas Avenue & Highway 6 South • Less Than 1 Mile From St. Joseph Regional Health Center & Blinn College • Excellent Visibility
~ 76,217 SF Of Total Improvements • ~10.028 Acres • Quality Metal Construction • ~ 10,580 SF Of Class “A” Office • Over 600 Feet Of Active Union Pacific Rail Spur • Two 10 Ton Cranes Two Indoor Recessed Dock High Loading Bays
3211 South Texas Avenue | Bryan
Creekside Professional Building | College Station
1005 University Drive | College Station
Under Contract
Under Contract
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
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Anchored By Long Term Lease With St. Joseph Regional Health System • Good Mix Of Stable And Successful Medical Tenants • Excellent Exposure And Visibility On Dominant Traffic Corridor, 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
RECENT TRANSACTIONS For More Information Contact:
Clinton D. Oldham
Director of Brokerage Services Vice President | Commercial Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 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 2012
Commercial Properties For Sale United Plaza | College Station
Market Street Center | Brenham
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Southwood Business Center | College Station
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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
Expansive Complex Featuring Large Showroom, Private Offices, Covered Storage & 59 Surface Parking Spaces • Additional Adjacent Warehouse Located At The Corner Of Baylor & Chauncy Streets
Prime Visibility On Texas Avenue & State Highway 6 • Attractive New Construction & Landscaping • Convenient & Easy Access From Texas Avenue
Pearland Just Brakes | Pearland
3310 Longmire| College Station
Market Square Shopping Center| Brenham
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Fifteen Year Corporately Guaranteed NNN Lease With Just Brakes • Significant Upside Potential With Lease Up Of 2,200 SF Of Vacant Space And Built In Rental Escalations • Strong Demographics In Immediate Area
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Property Is Part Of The Professionally Managed Longmire Business Park • ~7,000 SF With Over 4,000 SF Of Available Office Or Medical Space • Great Opportunity For An Owner Occupier
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Great Opportunity For Upside With New Occupancy • Offering Price Well Below Replacement Cost At $28.85/SF • Below Market Rental Rates Offer Significant Upside Potential • Excellent Visibility
RECENT TRANSACTIONS For More Information Contact:
Clinton D. Oldham
Oldham Goodwin represented the seller in the disposition of a ~4,000 SF Office Building
Oldham Goodwin represented the buyer in the acquisition of a ~7,000 SF Retail Center
Director of Brokerage Services Vice President | Commercial Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 409.781.7734 clint@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2012
Property Spotlight: ~17 Acres in Tower Point | College Station, Texas Offering Summary: $3,839,800 OR $5.00/SF
Utilities: Electric: Water: Sewer: Gas: Cable: Telephone:
College Station Utilities College Station Utilities College Station Utilities Atmos Energy Suddenlink Various Providers
Accessibility: The property can be accessed via Arrington Road.
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Commercial Development Tract For Sale
Visibility: The property has excellent visibility from Highway 6 & Highway 40.
Property Highlights: • Located Within ~75-Acre, HEB Anchored, Master-Planned Mixed-Use Development • Adjacent To A Mix Of National Credit Retail & Regional Medical Users • Situated In High Growth Corridor & Surrounded By High-Income Rooftops • All Utilities & Master Detention In-Place • Rare Opportunity With C-1 Zoning In Place & Priced To Sell
Ideal For: • Retail • Office • Medical
• Restaurant • Fitness • Hospitality
Site Surroundings: • Located In The Fastest Growing Submarket in B/CS • Strong Upper Middle And High Income Demographics
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Vernie D. Bodden
Vice President | Brokerage Services Land Group 979.777.4641 vernie@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2012
Urban Land For Sale ~4 AC in Creek Meadows | College Station
New Listing
~17 AC in Tower Point | College Station
~25 AC on Old Reliance Road | Bryan
New Listing
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New Listing
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Large Commercial Tract Ready For Immediate Development • Located Within Established Creek Meadows Residential Development • Situated In Close Proximity To New Greens Prairie Elementary School
Located Within ~75-Acre, HEB Anchored, Master-Planned Mixed-Use Development • Adjacent To A Mix Of National Credit Retail & Regional Medical Users • Situated In High Growth Corridor & Surrounded By High-Income Rooftops
Located Directly Across From The Bryan Earl Rudder High School • Located In Rapid Growth Northeast Bryan Corridor • Old Reliance Road Recently Widened To Four Lanes
609 West Lynn | Austin
~3.79 AC on FM 2818 | Bryan
2710 Boonville Road | Bryan
New Listing
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Located Off Of Storied 6th Street Within Walking Distance Of Major Entertainment & Downtown • Located Less Than Three Miles From University of Texas • Ready For Development With All City Utilities Available
Hard Corner With Outstanding Visibility From FM 2818 • Convenient Access To Highway 6 • Strong Traffic Counts Near Major Office Development • Situated In Growing South/Central College Station
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Located Along Highway 30 Between Briarcrest Drive & State Highway 6 • Easy Access To State Highway 6 Via Boonville Road • All City Utilities Available • Near Allen Academy, Miramont Country Club & Established Residential Subdivisions
RECENT TRANSACTIONS Subject
For More Information Contact:
Vernie D. Bodden
Oldham Goodwin represented the buyer in the acquisition of a ~3.36 AC tract on FM 2818
Oldham Goodwin represented the buyer in the acquisition of a ~1.1 AC tract in Harker Heights, Texas
Vice President | Brokerage Services Land Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.777.4641 vernie@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2012
Urban Land For Sale ~15 AC on N Earl Rudder Freeway | Bryan
~17 AC on Highway 6 | Bryan
~2.341 AC in Park Hudson | Bryan
New Listing
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Highly Visible Tract From State Highway 6 • Situated In High-Growth Corridor • Close Proximity To Regional Retail & National Restaurant Users • Recent Off Ramp Construction Provides Better Access To The Property
Over 30,000 SF Of Office Warehouse Space On 17 Acres • Large Office/Showroom Areas With Multiple Drive Through Bays In The Shop Area • Over 900 LF Of Frontage And 3 Access Drives On SH-6
Located In Park Hudson Mixed Use Development • Easy Access To State Highway 6 Via University Drive • Located In Close Proximity To Several High Density Residential Developments, the Physicans Centre & Momentum Plaza
~1.18 AC on Copperfield | College Station
~16.7 AC on Graham Road | College Station
~2.8 AC on Graham Road | College Station
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Located In Established Crescent Pointe Office Park Easy Access To State Highway 6 Via University Drive & Harvey Road • Located In Close Proximity To Several Established High Density Residential Developments, the Physicans Centre & Momentum Plaza
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Located In Close Proximity To The College Station Medical Center & Future Scott & White Hospital • Located Within Borders Of Proposed College Station Medical Corridor • Located In Close Proximity To National Retailers
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Located In Close Proximity To The College Station Medical Center & Future Scott & White Hospital • Located Within Borders Of Proposed College Station Medical Corridor • Located In Close Proximity To National Retailers
RECENT TRANSACTIONS For More Information Contact: Site
Vernie D. Bodden
Vice President | Brokerage Services Land Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 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 2012
Urban Land For Sale ~19 AC on William D. Fitch | College Station
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~15.46 AC on Highway 30 | Bryan
~2.3 AC on Arrington Road | College Station
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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 Light Industrial Development Tract On Highway 30 Corridor • Easy Access From Highway 30 To Highway 6 • Located In Close Proximity To Other Established Industrial Users • Owner Will Sell Or Build-To-Suit
Outstanding Development Tract In Desirable South College Station • Within The New HEB-Anchored Tower Point Development • All Utilities • Strong Commercial And Retail Traffic Generators
~14.4 AC on Highway 21 | Bryan
~1.93 AC on Highway 6 | Navasota
~4.5 AC on Highway 6 | College Station
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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
Located On State Highway 6 • Adjacent To Nationally Flagged Best Western Hotel • Close Proximity To Numerous National Retailers
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Excellent Visibility Along State Highway 6 • ~29,000 VPD (per TXDOT) • Convenient Access To State Highway 6 South
RECENT TRANSACTIONS For More Information Contact:
Vernie D. Bodden
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
Vice President | Brokerage Services Land Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.777.4641 vernie@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2012
Urban Land For Sale ~53 AC on Highway 290 | Waller
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Tower Point | College Station
~10 AC on FM 2818 | Bryan
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Southwest to Northeast Perspective
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
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 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
~11 AC on East 29th Street | Bryan
~6 AC on Associates Avenue | College Station
~3.72 AC on Texas Ave | College Station
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Excellent Medical Development Property • Strong Demographics & Traffic Counts • One Of Few Remaining Undeveloped Tracts In Area • Located On Major Commerce Thoroughfare
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Commercial Development • Quick Access To Highway 30 & SH 6 • Office/ Warehouse Users • Preliminary Site Plan & Master Preliminary Plat Created
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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
RECENT TRANSACTIONS For More Information Contact:
SOLD Available
Central Texas ENT
Vernie D. Bodden
Vice President | Brokerage Services Land Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.777.4641 vernie@OldhamGoodwin.com
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Available
Southwest to Northeast Perspective
Oldham Goodwin represented the seller in the disposition of a ~1.4 AC tract in Tower Point Development
Oldham Goodwin represented the seller in the disposition of a ~0.59 AC medical pad in the North Forest Business Park
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2012
Urban Land For Sale Boonville Town Center-Tract A | Bryan
Boonville Town Center-Tract B | Bryan
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Boonville Town Center-Tract C | Bryan
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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
Planned Commercial Development • Ideal For Retail Or Bank • Exceptional Location & Visibility • Architectural Controls • Great Neighborhood Corner
Planned Commercial Development • Ideal For Multifamily Use • Exceptional Location & Visibility • Great Value On Interior Lot • Deed Restrictions
Boonville Town Center-Tract D | Bryan
Boonville Town Center-Tract E | Bryan
Boonville Town Center-Tract F | Bryan
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Planned Commercial Development • Ideal For Restaurant/Hotel/Retail/Mixed Use • Exceptional Location & Visibility • Architectural Controls • Deed Restrictions
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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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Planned Commercial Development • Ideal For Restaurant or Retail • Exceptional Location & Visibility • ~70,000 Vehicles Per Day on Highway 6
RECENT TRANSACTIONS For More Information Contact:
Vernie D. Bodden
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
Vice President | Brokerage Services Land Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.777.4641 vernie@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2012
Urban Land For Sale ~4 AC on William J. Bryan Pkwy | Bryan
~19.236 AC on Greens Prairie | College Station
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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
~3.92 AC on N. Earl Rudder Fwy | Bryan
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Extremely Rare Large Tract Platted For Multifamily Development • Adjacent To Highly Successful Multifamily Project • Quick Access To FM 2154 (Wellborn) & State Highway 40
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Highly Developable Commercial Tract Located In High Growth Corridor Of Northeast Bryan • Highly Visible • Access From Two Roads Ideal For Office Development Or Car Lot
The Land Group specializes in Urban Land as well as Recreational & Farm/Ranch Land. If you are considering buying or selling land, please contact us today to discuss your needs.
Vernie D. Bodden
Vice President | Brokerage Services Land Group 979.777.4641 | vernie@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Vernie D. Bodden
Subject
Vice President | Brokerage Services Land Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.777.4641 vernie@OldhamGoodwin.com
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Oldham Goodwin represented the seller in the disposition of a ~25 AC tract on Old Reliance Road
Oldham Goodwin represented the buyer in the acquisition of a ~30 AC recreational tract
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2012
Recreational & Farm/Ranch For Sale ~153 AC on Highway 21 Business | Kurten
~34 AC on Crosswind Drive | Bryan
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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
~16.67 AC on Narrow Way | College Station
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Ideal Size & Shape For Immediate Development • In Close Proximity To Established Industrial Park • Easy Access To State Highway 21• Convenient To State Highway 6
~4.2 AC on FM 158 | Millican
Close Proximity To State Highway 6 • Directly In The Projected Growth Path Of The City Of College Station
~164 AC on FM 2818 | Bryan
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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
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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
RECENT TRANSACTIONS For More Information Contact:
Vernie D. Bodden
Oldham Goodwin represented the seller in the disposition of a ~617 AC recreational tract
Oldham Goodwin represented the seller in the disposition of a ~30 AC tract on County Road 175
Vice President | Brokerage Services Land Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.777.4641 vernie@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2012
Property Spotlight: Hickory Park Duplexes | College Station, Texas Offering Summary:
Call For Price
Construction Features: Foundation: Slab Frame: Wood Exterior Walls: Brick Veneer, Wood Roof Cover: Pitch/Composition, Shingle
Utilities: Electricity: College Station Utilities Water: College Station Utilities Sewer: College Station Utilities Telephone: Verizon Internet: Suddenlink Natural Gas: N/A
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Electricity, Water & Sewer Are Separately Metered
50-Unit Multifamily Property For Sale Property Overview: Oldham Goodwin is pleased to present the Hickory Park Duplexes for your consideration. The property is located in central College Station and is a rare opportunity to acquire a small, class “B,” 25 duplex package that has been well managed and maintained. The close proximity to Texas A&M University, and it’s location on both the Brazos Transit and Texas A&M University bus routes increases the desirability for both tenants and buyers. Hickory Park is within walking distance of two extensive College Station park/trail systems, area retail and restaurants, and both major north/south corridors: State Highway 6 & Texas Avenue. The strong historic occupancy of the property and Bryan/College Station economy makes this an excellent multifamily acquisition opportunity.
Investment Highlights: • • • • •
Single Story Townhouse Style Units With Outstanding Historic Occupancy Outstanding Location Between Texas Avenue And State Highway 6 On Southwest Parkway Five Minute Drive To Texas A&M University Fenced Yards & Private Driveways On Texas A&M And Brazos Transit Bus Routes
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Rick T. Lemons , CCIM Executive President | Brokerage Services Multifamily Group 979.255.1950 rick@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2012
Multifamily Properties For Sale Hickory Park Duplexes| College Station
New Listing
2316 & 2318 Cornell | College Station
2901 Prairie Flower | Bryan
New Listing
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50 Unit, Single Story Townhouse Style Units With Outstanding Historic Occupancy • Outstanding Location Between Texas Avenue And State Highway 6 On Southwest Parkway • Five Minute Drive To Texas A&M University
Excellent Historic Occupancy & Demand • Convenient To Texas A&M • FullyEquipped Kitchens With Dishwasher, Stove/Oven, Refrigerator & Garbage Disposal • Separately Metered Electric
Recently Remodeled Fourplex • All New Insulation/Siding & Windows • Located Near Large Retail Corridor
2001 Moses Creek | College Station
405 & 407 Cherry Street | College Station
500 Foch | Bryan
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Over 1.5 Acres • 2,400 SF Minimum Build • Deed Restricted • Small Pond • Survey On File
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Excellent Value Add Opportunity • Convenient To Texas A&M • Fully-Equipped Kitchens • With Dishwasher, Stove/Oven, Refrigerator & Garbage Disposal
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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
RECENT TRANSACTIONS For More Information Contact:
Rick Lemons, CCIM
Oldham Goodwin represented the buyer in the acquisition of two multifamily complexes in Houston, Texas
Oldham Goodwin represented the buyer in the acquisition of an 88 Unit, Apartment Complex In Bastrop, Texas
Executive Vice President | Brokerage Services Multifamily Group Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.255.1950 rick@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2012
Tenant Spotlight:
Dr. Alan Strong, CH & Robin Roberts, CH Location: 2402 Broadmoor Drive, Suite DII - 101 Bryan, Texas 77802
To Make Appointments: Dr. Alan Strong, CH (979) 436-8284 Through Facebook: www.facebook.com/AStrongCHoice Online: www.AStrongCHoice.com Robin Roberts, CH (979) 739-7143 Through Facebook: www.facebook.com/RobinRobertsHypnotist
About Dr. Alan Strong
Dr. Alan Strong is a Certified Consulting Hypnotist with a practice focusing on Pediatric Hypnosis. He holds certification in both general and pediatric hypnosis. His education includes graduate degrees in education, including extensive study in the field of special education. For Dr. Strong, with more than 30 years of teaching students at every level, pediatric hypnosis is a natural extension of a career that involves engaging the imagination of young people and providing carefully planned suggestions for change in behavior, feeling, and thought! Hypnosis can be effective for a variety of issues for children, including learning problems, anxiety, bedwetting, habits such as thumb sucking and nail biting, self-esteem issues, fear of the dark, and nightmares. Hypnosis can also be helpful for children dealing with a traumatic event or when facing a medical procedure, even something as seemingly simple as getting a shot. As well as helping them deal with problems, hypnosis can help children and adolescents gain improvement in their self-confidence and ability to succeed. It can also assist in releasing and heightening creativity. In addition, hypnosis is effective in overcoming fears and enhancing skills in sports, music, and other skill-oriented activities.
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About Robin Roberts
Online: www.RobinRobertsCH.com
Robin Roberts is a Certified Consulting Hypnotist having received her certification from the National Guild of Hypnotists in 2007. Now over four years and 300 clients later, Robin is running a thriving practice and has been voted Best of the Brazos in both 2010 and 2011. Her ambition is to tell, teach, and show her clients how to let go and release what isn’t working in their life; how to determine where they want to go and what they want to achieve; and then to reinforce the habits and activities necessary to gain what they desire. According to Robin, “My job is to help people overcome the issues in their life that they thought they just had to live with.” She goes on to say that everyday problems and challenges such as weight, smoking, stress . . . can be answered with hypnosis. So often people have a situation – whether an annoying habit or attitude in their life – that they would love to get rid of but have been told over and over again that it is just the way it is. This makes people feel powerless. Hypnosis makes change possible in these and many other areas. Our minds are powerful tools and we don’t use them to their capacity. It is Robin’s goal to help you use your brain to unlock the potential in you and to help you become and achieve things you have dreamed of but not yet dared to try.
Located At:
Copper Chase Office Park Bryan, Texas Office Space For Lease www.OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2012
Office Properties For Lease Citibank Villa Maria | Bryan
Keystone Plaza | Bryan
New Listing
1001 University Drive East | College Station
New Listing
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Great Visibility & Exposure To High Traffic Counts On Villa Maria Road • High Daytime Foot Traffic From Operating Citibank Branch Location • High Visibility To Patrons Of Existing Motorbank • Available Space: ~4,800 SF
Accessibility On The Highly Trafficked Briarcrest Drive Between Texas Avenue & Highway 6 South • Less Than 1 Mile From St. Joseph Regional Health Center & Blinn College • Range Of Available Spaces: ~4,000 - ~15,500 SF
Highly Visible University Drive Professional Office Building • Excellent Location For A Corporate Office, Located In The Heart Of Bryan/College Station • Easy Access To Texas A&M University, Texas Avenue, And SH 6 • Available Space: ~1,225 SF
The Boonville Building | Bryan
The Shops At The District | Bryan
Kentwood Office Complex | Bryan
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Well Maintained Single Tenant Building • Great Location With Visibility And Exposure To High Traffic Counts On William J Bryan Parkway • Available Space: ~1,035 SF
New Retail Space In Historic Downtown Area • Potential For High Foot Traffic • New Adjacent 1,000 Space Parking Garage • Unique Retail Center • Available Space: ~6,500 SF (Divisible)
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Accessibility On The Highly Trafficked Briarcrest Drive • Between Texas Avenue & Highway 6 South • Less Than 1 Mile From St. Joseph Regional Health Center & Blinn College • Available Space: ~8,194 SF (Divisible)
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Oldham Goodwin represented the landlord in the lease for Pathfinder Pediatrics at The Boonville Building
Oldham Goodwin represented the landlord in the lease for St. Joseph at Texas Avenue Plaza
Vice President | Brokerage Services Commercial Leasing Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.324.1717 robert@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
19
Commercial Quarterly 1st Quarter 2012
Office Properties For Lease Texas Digital Building | College Station
Texas Avenue Plaza | Bryan
Executive Office Plaza | Bryan
New Tenant
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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
Immediate Occupancy Available • Excellent Visibility With Frontage On Texas Avenue • Numerous Recent Capital Improvements • Range Of Available Spaces: ~686 - ~11,920 SF
~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: ~356 - ~3,510 SF
Crystal Park Plaza | College Station
1200 Briarcrest | Bryan
University Park Plaza | College Station
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 - ~21,568 SF
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~1.5 Miles From St. Joseph Regional Health Center & ~1 Mile From Blinn College • Range of Available Spaces: ~ 1,500 - ~6,000 SF
Great Visibility & Exposure To High Traffic Counts On University Drive • Move-In Ready For Doctors Office Or Professional Office User • Range Of Available Spaces: ~3,000 - ~6,000 SF
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Vice President | Brokerage Services Commercial Leasing Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.324.1717 robert@OldhamGoodwin.com
20
Oldham Goodwin represented the landlord in the lease for Lucky Dogs at Boardwalk Plaza
Oldham Goodwin represented the landlord in the lease for David’s Bridal at Gateway Retail Center
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2012
Office Properties For Lease Southwood Business Center | College Station
United Plaza | College Station
Copper Chase Office Park | Bryan
New Tenant
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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 - ~12,300 SF
New Tenant
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 - ~3,468 SF
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~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: ~150 - ~5,162 SF
3310 Longmire | College Station
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. 73
Within Close Proximity To College Station Medical Center, Retail & Restaurants • Convenient For A Variety Of Users Including Professional Office Or Medical Tenants • Available Space: ~4,013 SF
Robert J. Young
Vice President | Brokerage Services Commercial Leasing 979.324.1717 robert@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Oldham Goodwin represented the landlord in the lease for KCEN-TV at Texas Avenue Plaza
Oldham Goodwin represented the landlord in the lease for John Thomas at United Plaza
Vice President | Brokerage Services Commercial Leasing Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.324.1717 robert@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
21
Commercial Quarterly 1st Quarter 2012
Industrial Properties For Lease Market Street Center | Brenham
The Emporium | College Station
New Listing
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Easy Access To Highway 290 • ~400 FT Of Frontage On South Market Street • Highly Visible With Exceptional Traffic Counts • Available Space: ~58,768 SF (Divisible)
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: ~242 - ~14,926 SF
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.
Robert J. Young
Vice President | Brokerage Services Commercial Leasing 979.324.1717 | robert@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Vice President | Brokerage Services Commercial Leasing Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.324.1717 robert@OldhamGoodwin.com
22
Oldham Goodwin represented the landlord in the lease for American Optical Services at University Park Plaza
Oldham Goodwin represented the landlord in the lease for Cortiers Real Estate at Southwood Business Center
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2012
Tenant Spotlight:
Location: 4303 South Texas Avenue Bryan, Texas 77802 (979) 846-4459
Store Hours: Monday: 9:00 AM - 6:00 PM Tuesday: 9:00 AM - 6:00 PM Wednesday: 9:00 AM - 6:00 PM Thursday: 9:00 AM - 6:00 PM Friday: 9:00 AM - 6:00 PM Saturday: 9:00 AM - 4:00 PM Sunday: Closed
Janis & Robert Atkins, Owners – Brazos Natural Foods
For More Information About Brazos Natural Foods, Visit: www.brazosnaturalfoods.com
About Brazos Natural Foods Brazos Natural Foods has been serving Bryan and College Station since 1988. Founded by Janis Atkins, a graduate of Texas Christian University, and Robert Atkins, a graduate of Texas A&M University, to provide an alternative to the “sameness” of shopping at big-box supermarkets. We have a helpful, friendly staff and a reference library to provide general information about the products we carry. Brazos Natural Foods carries a wide range of products including bulk grains, flours, herbs and spices, nuts, seeds and dried fruits. We offer organic whenever possible because organic practices help prevent the destruction of our soil, water and natural resources. Brazos Natural Foods carries over 50 varieties of bulk teas and over 100 varieties of tea bags. We offer a large selection of gluten-free products plus an organic produce section; and, of course, vitamins, herbal supplements, homeopathic remedies, beauty aids and much more.
Located At:
Beverley Estates Center Bryan, Texas Retail Space For Lease www.OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 1st Quarter 2012
Retail Properties For Lease Office Max Center | College Station
The Lofts At Wolf Pen Creek | College Station
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Boardwalk Plaza | College Station
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Located On Densely Concentrated Retail Corridor • ~25’ Ceiling Heights, Staff Training Room & Private Offices • Fiber Optic Cable Vault & Dock High On-Site Available Space: ~30,780 SF
Potential For High Foot Traffic With Convenience From Adjoining Apartment Component • Restaurant Space Available For Immediate Occupancy • Range Of Available Spaces: ~2,145 - ~4,868 SF
State Of The Art Architectural Features And Amenities • Regional Trade Population Of Approximately 400,000 • Visibility From Texas Avenue And Park Place • Available Space: ~2,275 SF
Westgate Center | Bryan
Bryan Gateway Center | Bryan
Park Central Center | Bryan
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Easy Access With Ample Parking Available • Cost Effective & Affordable Rents • Restaurant Space Available For Immediate Occupancy Well Rounded & Established Tenant Mix • Range Of Available Spaces: ~734 - ~5,000 SF
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Located In Revitalized Historic Downtown District Of Bryan • Adjacent To Brazos County Courthouse • Modern Architectural Features & Design • Range Of Available Spaces: ~1,805 - ~2,944 SF
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Convenient & Easy Access From Two Thoroughfares • Recently Renovated With A Fresh Exterior And Contemporary Landscaping • Excellent Visibility With Frontage On Texas Avenue • Available Spaces: ~1,250 SF
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Vice President | Brokerage Services Commercial Leasing Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.324.1717 robert@OldhamGoodwin.com
24
Oldham Goodwin represented the tenant in the lease for Fowl Digits at 1037 Texas Avenue South
Oldham Goodwin represented the landlord in the lease for Harold’s Hotdogs at Southwest Crossing
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2012
Retail Properties For Lease Park Place Plaza | College Station
Post Oak Square | College Station
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Tower Point | College Station
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Southwest to Northeast Perspective
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
Competitive Rental Rates And Build-Out Allowance • Restaurant Space Available • Adjacent To Post Oak Mall • Range Of Available Spaces: ~2,100 - ~19,225 SF
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 - ~16,237 SF
Plazas At Rock Prairie | College Station
Shops on Texas | College Station
Southwest Crossing | College Station
New Tenant
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~4 Miles From TAMU • High Daytime Population • Southern “Gateway” Of College Station • Range Of Available Spaces: ~0.63 AC & ~0.79 AC Pad Site
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Dynamic Growth Area • Central Location With High Traffic Counts • Great Visibility And Access On Texas Avenue Available Space: ~1,594 SF
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~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 • Available Space: ~6,000 SF
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Oldham Goodwin represented the landlord in the lease for Twin Liquor at University Shopping Center
Oldham Goodwin represented the landlord in the lease for Medicare Equipment Specialties at Plazas At Rock Prairie
Vice President | Brokerage Services Commercial Leasing Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.324.1717 robert@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
25
Commercial Quarterly 1st Quarter 2012
Retail Properties For Lease Brookhaven Retail Center | Bryan
Freedom Center | Bryan
Grant Plaza | Huntsville
100% Leased
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Excellent Visibility • Diverse And Established Retail Tenant Mix • Recently Updated Façade • Convenient Bank Availability With Drive-Thru Available • Range Of Available Spaces: ~1,000 - ~2,100 SF
Highly Visible Neighborhood Retail Center • Convenient Access To An Outstanding Mix Of Restaurants, Retail & Student Housing • Highly Concentrated Area Of Retail, Office & Restaurant Users
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
Market Square Shopping Center | Brenham
Mid-Town Center | Bryan
West Wind Shopping Center | Lubbock
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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
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Convenient & Easy Access From Two Thoroughfares • Recently Renovated With Fresh Exterior Paint • Excellent Visibility With Frontage On Texas Avenue • Range Of Available Spaces: ~1,400 - ~2,160 SF
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~3.6 Miles From Texas Tech University & ~2 Miles From Lubbock Christian University • Available Space: ~1,952 SF • Great Visibility From Loop 289
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Vice President | Brokerage Services Commercial Leasing Phone: 979.268.2000 Fax: 979.846.7020 Cell: 979.324.1717 robert@OldhamGoodwin.com
26
Oldham Goodwin represented the landlord in the lease for Hooks Family Dentistry at Plazas At Rock Prairie
Oldham Goodwin represented the landlord in the lease for BCS Fitness at Beverley Estates
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
1st Quarter 2012
Property Location Map 47
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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.
979.268.2000 • www.OldhamGoodwin.com
27
Commercial Quarterly 1st Quarter 2012
Accessible Expertise Rick Lemons, CCIM
Multifamily Group
Vice President | Brokerage Services
Clinton D. Oldham
Commercial Group
Vice President | Brokerage Services
Rick’s background encompasses over 20 years of hospitality and property management experience with Aramark, Pappas Restaurants, Inc. and Oldham Goodwin. From 2004 to 2008, he 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
Land Group
Laurie Follis Stone Residential Group
Vice President | Brokerage Services
Vice President | Brokerage Services
409.781.7734 | clint@OldhamGoodwin.com
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
A graduate of Texas A&M University, Laurie has been successfully matching buyers and sellers in the Bryan-College Station area for over 21 years. Outstanding service, numerous referrals, repeat customers and an inexhaustible energy for helping buyers find the right home, has helped her sell well over 2000 properties.
Cyndee Smith
Robert J. Young
Greater Houston Area
Vice President | Brokerage Services Cyndee is Vice President, Brokerage Services in the Greater Houston Area. Cyndee focuses on acquisition and disposition, as well as the development of commercial and country properties for clients. With over 30 years of experience in commercial real estate, Cyndee has completed numerous types of transactions including landlord representation of new retail developments and tenant representation. 713.816.3407 | cyndee@OldhamGoodwin.com
Bailey Fellows
979.820.4872 | jason@OldhamGoodwin.com
Commercial Leasing
Vice President | Brokerage Services 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
Commercial Leasing
Associate | Brokerage Services Bailey specializes in landlord representation specifically for retail and office space. He is proficient in financial analysis and business plan development. Bailey is a licensed real estate agent and is a member of the Texas and National Association of Realtors. 512.917.0756 | bailey@OldhamGoodwin.com
For More Information About Oldham Goodwin’s Other Services & Projects Visit
www.OldhamGoodwin.com
2800 South Texas Avenue, Suite 401 Bryan, Texas | 77802 T 979.268.2000 | F 979.846.7020 www.OldhamGoodwin.com