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±16,701 SF
W DALLAS ST
DAM
ICO
ST
WAUGH DR
ALLEN PKWY
ROSINE ST
MONTROSE
DOWNTOWN HOUSTON
±16,701 SF at SEC D’AMICO ST & ROSINE STHouston, Texas
O F F E R I N G M E M O R A N D U M
Tim [email protected] 713-459-8123
David [email protected] 713-206-1574
Tom [email protected] 713-557-4455
Clark [email protected] 832-449-2223
Becky [email protected] 918-629-5592
Dillon [email protected] 713-254-3824
Tripp [email protected] 936-635-6968
Jane MatsellGraphic Designer
Contacts, Due Diligence, & Offer Requirements
Dosch Marshall Real Estate777 Post Oak Blvd Houston, TX 77056
www.dmreland.com
Exclusive RepresentationDosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the disposition of ±16,701 SF at the southeast corner of Damico Street and Rosine Street in Houston, TX (Property). All inquiries about the Property should be directed to DMRE.
Due Diligence InformationTo access the due diligence information please visit the Property website at: www.dmreland.com
Offer RequirementsOffers should be presented in the form of a non-bind-ing Letter of Intent, and should include:
• Pricing• Due Diligence and Closing Timeframe• Earnest Money Deposit• Description of Debt/Equity Structure• Qualifications to Close• Development Plans
Purchase terms shall require cash to be paid at clos-ing. Offers should be delivered to the attention of Tim Dosch, David Marshall, Tom Dosch, or Becky Hand via fax or email.
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 2
Property Information
Property Details
ADDRESS 3115 Damico St, Houston, TX 770193117 Damico St, Houston, TX 77019
LAT., LONG. 29.759097, -95.398796
TOTAL SIZE 16,701 square feet
PARCEL NUMBER 0562010000013; 0562010000032
LEGAL TRS 13 14 & 15 BLK 1 NORTH ROSEMONTTRS 13A 14A & 15A BLK 1 NORTH ROSEMONT
FRONTAGE (APPROX.) 100ft on Damico; 160ft on Rosine St
SCHOOL DISTRICT Houston Independent School District
FLOODPLAIN None
UTILITIES City Of Houston
2017 Tax Rates
01 HOUSTON ISD 1.206700%
40 HARRIS COUNTY 0.416560%
41 HARRIS CO FLOOD CNTRL 0.028290%
42 PORT OF HOUSTON AUTHY 0.013340%
43 HARRIS CO HOSP DIST 0.171790%
44 HARRIS CO EDUC DEPT 0.005200%
48 HOU COMMUNITY COLLEGE 0.100263%
61 CITY OF HOUSTON 0.586420%
TOTAL 2.528563%
2017 Demographics
0-0.5 mi 0-1 mile 0-3 miles
EST. POPULATION 6,234 28,105 187,759
2017-2022 EST. POPULATION GROWTH
2.66% 2.44% 2.03%
EST. AVERAGE HOUSEHOLD INCOME
$140,310 $138,255 $128,748
EST. MEDIAN HOUSING VALUES $348,939 $381,462 $380,589
±16,701 SF
D’AMICO STW
AUGH
DR
ROSI
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TPrime River Oaks LocationThe Property is ideally located just south of Allen Parkway in River Oaks, Houston’s most affluent neighborhood. Not only is River Oaks a perfect place to live, but it’s a great place to shop: River Oaks boasts a collection of high fashion boutiques and gourmet dining at River Oaks Shopping Center (0.7 miles from the Property). Everyday shopping and banking is also available at River Oaks Plaza, just down the street from the Property at the corner of West Gray St and Waugh Dr. Whole Foods, situated just across Waugh Dr from the Property, features the Allegro Coffee Bar and the Bayou Bar serving wine and beer both on tap and in bottles, along with small plates.
Walking distance to outdoor recreation and nightlifeThe Property Is situated within easy walking or biking distance of Houston’s best green spaces: Memo-rial Park (the largest urban park in the United States) is two miles west, and Buffalo Bayou Park is just one block north. Situated half a block off Waugh Drive, the Property is conveniently located directly south and less than a mile from Washington Corridor, Houston’s most popular nightlife spot for young professionals.
Fast access to Houston employersThe Property’s proximity to Allen Parkway and W Dallas St provide quick access to Downtown Hous-ton’s employment and entertainment, only 1.5 miles east. The American General Center located at 2727 Allen Parkway, directly across Waugh Dr from the Property, hosts AIG and the global headquar-ters of Baker Hughes in the America tower.
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 3
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 4
2900 West Dallas
The Sovereign at Regent Square
Whole Foods Montrose - Features the Allegro Coffee Bar and the Bayou Bar, serving wine and beer both on tap and in bottles, along with small plates
Texas Medical Center (3 mi)Museum District (2.5 mi) NRG Park (5 mi)
D’AMICO ST
ROSINE ST
WAUGH DR
±16,701 SF
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 5
BIG Power YogaDays SpaGlo Sun Spa Chic Lash Boutique
Vue Night ClubGuava LampBamboo HouseBayou Liquor
Houston Arts AllianceStages Repertory Theatre
Spotts Park
Johnny Steele Dog Park
Buffalo Bayou Park
The Royalton at River Oaks
±16,701 SF
D’AMICO ST
ALLEN PKWY
WAUGH DRROSI
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Buffalo Bayou Park• 160-acre park stretching along Buffalo Bayou• Visitors can rent paddle crafts; walk, jog and bike the trails; enjoy the self-guided
public art walk; and play frisbee or volleyball• Connects to Sabine Promenade, a 23-acre waterfront park featuring hike and bike
trails to Sesquicentennial Park in downtown, which has become Houston’s urban oasis in the heart of the Theater District
Johnny Steele Dog Park • Large and small dog ponds and shade structures• Dog washing areas, benches and drinking fountains
Spott’s Park• 16.24-acre park features basketball and volleyball courts, children’s playground,
walking trails and a picnic area
Washington Corridor (0.7 mi)One of Houston’s most popular nightlife spots, the Washington Corridor has experienced pro-found gentrification within the past few years. Neighborhood retail includes a 215,000-square-foot Wal-Mart-anchored retail center and a Target-anchored retail center. Trendy eateries and nightlife destinations include Benjy’s, Darkhorse Tavern, Ei8ht, El Rey Taqueria, Max’s Wine Dive, Nox, Kung Fu Saloon, Bubba’s Sportsbar & Grill, Laurenzo’s, Diem Lounge, Liberty Station, Sanc-tuary Lounge, The Counter, El Tiempo Cantina, Rebels Honky Tonk, Porch Swing Pub, Catalina Coffee, 360 Sports Lounge, Luke’s Ice House, Underdogs Pub, The Blue Fish, Coppa Ristorante Italiano, and Molina’s Cantina.
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 6
±16,701 SFDAMICO ST
WAUGH DR
W DALLAS ST
W DALLAS ST
ROSINE ST
Houston Central Business District (1.5 mi)• Over 150,000 employees• Hosts 10 of Houston’s 26 Fortune 500 companies• Employer (employees): Chevron (8,600), Shell Oil
Company (7,000), Chase Bank (4,892), CenterPoint Energy (3,826), KBR (2,958), NRG/Reliant Energy (2,300), ExxonMobil Corporation (2,200), Hess (2,000), Kinder Morgan (1,860), Deloitte (1,700), United Airlines (1,600), St. Joseph Medical Center (1,440), Enterprise Products Partners (1,360), Ernst & Young (1,300), Waste Management, Inc. (1,270), PriceWaterhouseCoopers (1,236), LyondellBasell Industries (1,200)
• GreenStreet: 316,000 square feet of open-air retail
• Houston Theater District: 17-block cultural and entertainment center; the second largest perform-ing arts district in the U.S. next to Broadway in New York City
• Toyota Center: Home of the NBA’s Houston Rockets; Minute Maid Park: Home of the Houston Astros and Houston Aeros
• George R Brown Convention Center: 1.9 million SF with 88 meeting rooms, 6 balconies, a ballroom, theater, show offices, conference rooms, 90,000 SF of Level 2 Mezzanine space, a 95,000-SF grand concourse, and the 97,000-SF Avenida Plaza
• Discovery Green Park: Two-acre picnic lawn with one-acre lake, jogging trail, performance stage, two dog parks, and multiple gardens
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 7
W DALLAS ST
DAMICO
ST
WAUGH DR
ROSINE ST
The Sovereign at Regent SquareRiver Oaks Plaza - T.J. Maxx, Marshalls and HomeGoods, OfficeMax, Sally Beauty, FIT Athletic Club, Wells Fargo Bank, Dollar Tree, dressbarn, Salata, Cafe Express, Luby’s
Uptown/Galleria (4 mi)Greenway Plaza (3 mi)
Pimlico Irish Pub
MONTROSE
RIVER OAKSAverage Home Price $2.5M
±16,701 SF
River Oaks Shopping Center (0.6 mi)Allen EdmondsAméricasAnn TaylorAnnie AllbrittonAraya Artisan ChocolateAtrium Ready to WearBarnes & NobleBeautifully BronzedBrasserie 19Busy BodyC’est Chic by CarmineCafe GingerCalifornia Pizza KitchenCarleen LigozioCasa de Novia Bridal CoutureChalet Fine Wines Chandail NeedleworkChico’sEpicure Caféfrancesca’sFull Blown Dry BarFuzzy’s Taco ShopGAPGymboreeHemlineInternational Derma SpaJ. JillJ. McLaughlinJos A. BankKartellKroger Signature GroceryLa Griglia Restaurant
la MadeleineLensCraftersLocal PourMA Modern AcupunctureMacaron by PatisseMarble Slab CreameryMarfrelessMutual of Omaha BankNatural PawzNina McLemorePhenix Salon Suites Pure BarreRiver Oaks FitnessRiver Oaks TheaterRYDESaint CloudStarbucks (North Side-Drive Thru)Starbucks (South Side)Steinway Piano GallerySteven Cash DiamondsSunglass HutSur La TableTalbotsTGF Hair SalonThe Mad PotterThe Texas Art GalleryU.S. CleanersV’s BarbershopVikari InternationalWhite House | Black Market
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 8
Whole Foods
2900 West Dallas
D’AMICO ST
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±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 9
10-10-11
Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord
(owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.
IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.
IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.
IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an
Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about
brokerage services to prospective buyers, tenants, sellers and landlords.
Information About Brokerage Services
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:
(1) shall treat all parties honestly;
(2) may not disclose that the owner will accept a price less that the asking price unless authorized in writing to do so by the owner;
(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and
(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.
With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.
If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.
Buyer, Seller, Landlord or Tenant Date
Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov)
TREC No. OP-K
±16,701 SF SEC DAMICO STREET AND ROSINE STREET, HOUSTON, TX 10
777 POST OAK BLVDHOUSTON, TEXAS 77056
WWW.DMRELAND.COM