27.73 AC Kite farms - u7fqrhlfpb-flywheel.netdna-ssl.com...survey property information w g t w g w...

OFFERING MEMORANDUM

27.73 AC

WHITE SET

TLEM

ENT R

OADTX HIGHWAY 183

Kite farms 5700 white settlement road | westworth village, TX 76114

Investment summary

Executive summary

LOCATION:5700 White Settlement Rd.Westworth Village, Texas76114 - Tarrant County

PRICE: Market

LOT SIZE: 1,207,992 SF / 27.73 AC

ZONING: SF-R (In For Entitlements)

DEBT: Free & Clear

UTILITIES: All On Site

Davidson Bogel Real Estate “DB2RE” is proud to offer qualified developers Kite Farms - a contiguous +/- 27.73 AC site along White Settlement Road within the heart of Westworth Village (Fort Worth), Texas. The Kite Farms offering provides developers a once-in-a-generation opportunity to gain access to the River District area, one of Fort Worth’s most coveted and emerging mixed-use communities. Kite Farms is an urban oasis located within the core of Fort Worth within the city of Westworth Village, minutes west of the W. 7th Entertainment District, Fort Worth Cultural District, Foundry District and Downtown Fort Worth, among other mainstays. This walkable urban community has it all, accented by its lush green spaces, Kite Farms boasts incredible access to the Trinity River, walking trails and the River District, home to complementary mix of local eateries and gourmet dining, shopping and boutique office parks.

+/- 27.73 ACWHITE S

ETTL

EMEN

T ROA

D

TX HIGHWAY 183

2 | DB2RE | 28 AC AT KITE FARMS

Investment HIGHLIGHTS

Executive summary

• Trophy Urban Infill Location on White Settlement Road in Westworth Village (municipality / city within Fort Worth)

• For zoning and permitting, the city of Westworth Village provides ample flexibility and a reduced timeframe compared to city of Fort Worth

• Largest available development site along the corridor

• Strong demographics and purchasing power in surrounding neighborhoods

• Located adjacent to the quickly-growing, vibrant River District and Crystal Springs

• +/-1,000 feet along the Trinity River with direct connectivity to the Trinity River Trail system

• High-traffic intersection and convenient access to Highway 183

• Burton Hill Elementary is one of the top ranked schools in Tarrant County. School boasts an impressive Spanish magnet and special needs programs

• One of the fastest-growing labor forces in the U.S.

• The Labor force in Fort Worth grew by 27.4% from December 2007 (pre-recession) to December 2016. This is 7.4 times faster than the national labor force, which grew at 3.7%. This same period Fort Worth added 84,648 jobs, increasing its employment by 27.8%.

• During the same period Texas increased its employment by 15.7%, while national employment increased by 4.0%


• Strategic location at the banks of the Trinity River between Isbell Road and Roberts Cutoff and bisected by White Settlement Road.

• Locally-cultivated community with plenty of outdoor entertainment, restaurants, shopping, boutique office and a variety of living options.

• Convenient access, just minutes to Fort Worth Cultural District and Fort Worth Stockyards.

• Home to Salsa Limon, Heim BBQ & Catering and Lettuce Cook.

Demand generators

Executive summary

River district• Strategic location north of the River District,

along the banks of the Trinity River at the NWC of White Settlement Road Roberts Cut Off Road.

• 13 Acre mixed-use development with over 263 units and 64,000 SF of boutique office and high-end retail.

• Convenient access to everything Fort Worth. White Settlement Road serves as the dominant east-west thoroughfare that takes you from TX Highway 183 to Downtown Fort Worth.

Crystal springs• As the largest defense contractor in the

World, Lockheed Martin is Fort Worth’s largest employer with over 13,400 employees and thousands more coming.

• Fort Worth is home to Lockheed Martin’s largest production facility and houses all aspects of the F-35 JSF, the most expensive weapons system in the world with over $200 billion in orders.

• Re-energized and expansion for the F-35 and C-5 programs have fueled explosive growth in the immediate area.

Lockheed martin


Survey

PROPERTY INFORMATION

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JIMMIE DEE EVANSMARGARET EVANS

(VOL. 13842, PG. 260)

LOT 5, BLOCK 2SKYACRES ADDITION(VOL. 388-L, PG. 20)

LOT 7, BLOCK 1SKYACRES ADDITION(VOL. 388-L, PG. 20)

SAMUEL H. KITE &ALENE KITE

(VOL. 4674, PG. 371)(FILED JAN. 29, 1969)

SAMUEL H. KITE &WANDA A. KITE

(VOL. 5724, PG. 808)(FILED OCT. 11, 1974)

DENISE M. LEWIS(VOL. 6632, PG. 210)

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OHE

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OHE

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OHE

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X X X

CBL CBLCBL

CBL CBL CBL CBL CBL CBL CBL CBL CBL CBL CBL

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ASPH

ALT

PAVE

MEN

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ASPH

ALT

PAVE

MEN

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ASPHALTPAVEMENT

ASPHALTPAVEMENT

WHITE SETTLEMENT ROAD(A VARIABLE WIDTH RIGHT-OF-WAY)

GRAV

ELRO

AD

GRAV

ELRO

AD

GRAVELROAD

STONE WALL

CONCRETERUNNER

CONCRETERUNNER

PLANTER PLANTER

TR

TRCHAIN LINK FENCE

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GATE

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WIRE FENCEWIRE FENCE

METAL FENCE

GATE

GATE METAL FENCE GATE

METAL FENCE

MET

AL F

ENCE

METAL FENCE

METAL FENCE

GATE

GATE

METAL FENCE

ROUND PENWITH METAL FENCE

WIR

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NCE

WIRE FENCE

METAL FENCE

METAL FENCE

METAL FENCE

GATE

MET

AL F

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METAL BRIDGE

CHAI

N LI

NK F

ENCE

CONCRETE WALL

BRICK WALL

WOOD SHED WOODENGAZEBO

METAL FENCE

GRAVEL

3/8" IRF (C.M.) COLUMN

COLUMN

1/2" IRF

BURIEDPROPANE TANK

2" PIPE

GATE

COLUMN

METAL FENCE

3/4" IRF1/2" IRF

METALSHED

WOODSHED

WOODSHED 3,488 SQ. FT.

MULTI-STORYBRICK BUILDING1,495 SQ. FT.

ONE-STORYBUILDING

1,318.16 SQ. FT.ONE-STORY

BUILDING

CARPORT

685 SQ. FT.ONE-STORY

BUILDING

WOODSHED

WOODSHED

CARPORT

METALSHED

2161 SQ. FT.ONE-STORY

BUILDING

TIN

BUIL

DING

DIRT ROAD

WOODSHED

HORSE CAROUSEL

18.3'

37.4

'

18.3'

37.4

'

19.5' 8.1'

34.5'

18.2

'

19.8'

14.4

'

34.2'

11.2'

35.5

'

11.0'

8.9'

12.1'

11.2

'23.2'

14.3

'

4.0'

23.5

'

13.2'17.9'

40.5'4.3'

2.4'

8.4'

2.6'

5.4' 33.5' 8.0'

30.2'

24.3

'

65.1'9.9'

38.9'

40.5

'

36.2'

59.8

'

36.2'

59.8

'

15' TARRANT COUNTYSANITARY SEWER EASEMENT(VOL. 7197, PG. 965)

FORT WORTH GROWTHPARTNERS, LP

(INST. NO. D215081482)

PART OF BLOCK 5

SAM ROSEN SUBDIVISION

CONNELLEY & CARROLL SURVEY

(VOL. 309, P

G. 54)

SAMUEL H. KITE

WANDA A. KITE

(VOL. 8797, P

G. 1258)

(FILED: DEC. 3

, 1986)

PART OF BLOCK 5



(VOL. 309, P

G. 54)

SAMUEL H. KITEAILEEN KITE

(VOL. 5825, PG. 416)(FILED: MAY 21, 1975)

PART OF BLOCK 5



(VOL. 309, P

G. 54)

TARRANT COUNTY WATERCONTROL IMPROVEMENTDISTRICT NUMBER ONE

(VOL. 4254, PG. 457)

20.9836 ACRES914,047 SQ. FT.

S87°41'34"W147.04'

N1°0

0'23"

W87

3.30

'

N87°04'12"E224.45'

S7°52'01"E36.47'

N56°58'24"E352.24' S46°27'55"E

37.43'

S30°52'33"E51.67'

S58°10'45"E

70.39'

N45°15'19"E48.75'

S40°33'08"E119.07'

N53°15'27"E125.37'

S32°12'16"E287.29'

S21°01'50"E

95.16'

S18°37'27"E

63.69'

S10°28'28"E227.13'

S3°0

2'33"

W26

5.15

'

S87°10'48"W 430.37'

S87°46'03"W 393.60'

S2°25'57"E25.00'S87°34'03"W

101.00'

TRACT ONEVIRGINIA ELLEN PARSONS

(INST. NO. D200131128)

PART OF BLOCK 5SAM ROSEN SUBDIVISION

CONNELLEY & CARROLL SURVEY(VOL. 309, PG. 54)

30' TEXAS MIDSTREAM GAS SERVICES, L.L.C.PIPELINE EASEMENT AND RIGHT-OF-WAY(INST. NO. D211013391)

TRACT 1DENISA M. LEWIS

(VOL. 8521, PG. 778) TRACT 2DENISA M. LEWIS

(VOL. 8521, PG. 778)

5/8" IRF(C.M.)

5/8" IRF

1/2" IRF(C.M.)

DEED LINE

DEED LINE &EAST LINE OF BLOCK 5

DEED LINE

WOODSHED

WOODSHED

TIN BUILDING

24.5

'

DRAINAGE SWALE

POND

ASPHALTPAVEMENT

ASPHALTPAVEMENT

BLOCK 1PECAN ACRES

(VOL. 388-164, PG. 92)

LOT 10LOT 11LOT 12LOT 13

PECAN DRIVE(A 50-FOOT WIDE RIGHT-OF-WAY)

SKYACRES DRIVE

(A 50-FOOT WIDE RIGHT-OF-WAY)

WIRE FENCE

WOOD FENCE METAL FENCE

GATE

GATE

GATE

GATE

METALFENCE

METAL FENCE

GATEMETALFENCE

P.O.B.

1/2" IRF

1/2" IRF

1/2" IRF

1/2" IRF

1/2" IRF CITY OF WESTW

ORTH VILLAGE - CITY LIMITS

CITY OF FORT WORTH - CITY LIMITS

GASGAS

GASGAS

GASGAS

GASGAS

GASGAS

GASGAS

GAS

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SS

SS

SS

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SS

APPROXIMATE LIMITOF F.E.M.A. 100-YEARFLOODPLAIN



ZONE AE

ZONE X SHADEDPROTECTED FROM THE 1% ANNUAL CHANCE FLOOD

BY LEVEE, DIKE OR OTHER STRUCTURE SUBJECTTO FAILURE OR OVERTOPPING DURING LARGER FLOODS

ZONE X5700 WHITE SETTLEMENT ROAD

SAUNDERS LORI Y(INST. NO. D215039532)

TOOTHE SHELBY

(INST. NO. D212108462)

THORNTON PATRICIA

(INST. NO. D205191723)

±465 TO WAGGONER LANE

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APPARENT UTILITY ENCROACHMENT(EASEMENT NOT FOUND IN THE PUBLICRECORD)

APPARENT UTILITY ENCROACHMENT(EASEMENT NOT FOUND IN THE PUBLIC

RECORD)

APPARENT UTILITY ENCROACHMENT(EASEMENT NOT FOUND IN THE PUBLIC

RECORD)

APPARENT UTILITY ENCROACHMENT(EASEMENT NOT FOUND IN THE PUBLICRECORD)

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3/8" IRF

IRSC

1/2" IRF W/ "LANDES" CAP

IRSC

1/2" IRF

IRSC

3/8" IRF

5/8" IRF

5/8" IRF

5/8" IRF

IRSC

1/2" IRON HOOKFOUND

1" HEX BOLT FOUND

3/8" IRF

Copyright © 2018Kimley-Horn and Associates, Inc.

All rights reserved

ALTA/NSPS LAND TITLE SURVEY20.9836 ACRE TRACT

NATHAN H. CARROLL SURVEY,ABSTRACT NO. 264

CITY OF WESTWORTH VILLAGE, TARRANT COUNTY, TEXAS

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Scale Drawn by

CDP1" = 60'Checked by Date Project No. Sheet No.

Fort Worth, Texas 76102801 Cherry Street, Unit 11, # 1300 Tel. No. (817) 335-6511

www.kimley-horn.comFIRM # 10194040

MCB 10/25/2018 061296702 1 OF 1

GRAPHIC SCALE IN FEET060 30 60 120

1" = 60' @ 24X36

NORTH

SURVEYORS CERTIFICATION:

To: Philip Kite (client);Fidelity National Title Insurance Company (underwriter); andFidelity National Title Agency, Inc. (agent):

This is to certify that this map or plat and the survey on which it is based were made in accordance with the 2016Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys, jointly established and adopted by ALTAand NSPS, and includes Items 1, 2, 3, 4, 7(a), 7(b)(1), 8, 11, 13, 14, and 21 of Table A thereof. The field work wascompleted on October 25, 2018.

Survey Date: October 25, 2018

_______________________________________Michael Cleo BillingsleyRegistered Professional Land Surveyor No. 6558Kimley-Horn and Associates, Inc.801 Cherry Street, Unit 11, Suite 1300Fort Worth, Texas 76102Ph. [email protected]

DESCRIPTION OF PROPERTY SURVEYED:

BEING a 20.9836 acre (914,047 square foot) tract of land situated in the Nathan H. Carroll Survey, Abstract No. 264, Cityof Westworth Village, Tarrant County, Texas; said tract being part of Block 5, Sam Rosen Subdivision Connelley & CarrollSurvey, an addition to the City of Westworth Village according to the plat recorded in Volume 309, 4 of the PlatRecords of Tarrant County, Texas; said tract being all of that tract of land described in Warranty Deed with Vendor's Liento Samuel H. Kite and Alene Kite recorded in Volume 4674, Page 371 of the Deed Records of Tarrant County, Texas; allof that tract of land described in Warranty Deed with Vendor's Lien to Samuel H. Kite and Wanda A. Kite recorded inVolume 5724, Page 808 of said Deed Records; all of that tract of land described in Warranty Deed to Samuel H. Kite andAileen Kite recorded in Volume 5825, Page 416 of said Deed Records; and all of that tract of land described in deed toSamuel H. Kite and Wanda A. Kite recorded in Volume 8797, Page 1258 of said Deed Records; said tract being moreparticularly described as follows:

BEGINNING at a 5/8-inch iron rod found in the north right-of-way line of White Settlement Road (a variable widthright-of-way); said point being the southwest corner of that tract of land described in Warranty Deed to Tarrant CountyWater Control and Improvement District Number One recorded in Volume 4254, Page 457 of said Deed Records;

THENCE along the said north line of White Settlement Road, the following five (5) calls:

South 87°10'48" West, a distance of 430.37 feet to an angle point;

South 87°46'03" West, a distance of 393.60 feet to a 3/8-inch iron rod found for corner;

South 2°25'57" East, a distance of 25.00 feet to a 3/8-inch iron rod found for corner;

South 87°34'03" West, a distance of 101.00 feet to a 3/8-inch iron rod found for angle point in the east line of saidBlock 5;

South 87°41'34" West, a distance of 147.04 feet to a 1/2-inch iron rod found for corner;

THENCE North 1°00'23" West, departing the said north line of White Settlement Road, a distance of 873.30 feet to a5/8-inch iron rod with "KHA" cap set for corner in the south line of Block 1, Pecan Acres, an addition to the City ofWestworth Village according to the plat recorded in Volume 388-164, Page 92 of said Plat Records;

THENCE North 87°04'12" East, along the said south line of Block 1, a distance of 224.45 feet to a 5/8-inch iron rod with"KHA" cap set for corner in the south line of that tract of land described in Warranty Deed with Vendor's Lien to JimmieDee Evans and Margaret Evans recorded in Volume 13842, Page 260 of said Deed Records;

THENCE South 7°52'01" East, along the said south line of the Jimmie Dee Evans and Margaret Evans tract, a distanceof 36.47 feet to a 1/2-inch iron rod with "LANDES" cap found for corner;

THENCE North 56°58'24" East, continuing along the said south line of the Jimmie Dee Evans and Margaret Evans tract,a distance of 352.24 feet to a 1/2-inch iron rod found for corner in the southwest right-of-way line of Skyacres Drive (a50-foot wide right-of-way);

THENCE, in a southeasterly direction, along the apparent southwest right-of-way line of Skyacres Drive (dedication notfound south of said Skyacres Addition), the following three (3) calls:


South 30°52'33" East, a distance of 51.67 feet to a 1/2-inch iron hook found for corner;

South 58°10'45" East, a distance of 70.39 feet to a 1-inch hex bolt found for corner;

THENCE North 45°15'19" East, a distance of 48.75 feet to a point for corner; said point being the west corner of that tractof land described in Warranty Deed to Denise M. Lewis recorded in Volume 6632, Page 210 of said Deed Records;

THENCE South 40°33'08" East, along the southwest line of said Denise M. Lewis tract, a distance of 119.07 feet to a5/8-inch iron rod with "KHA" cap set for corner; said point being the south corner of said Denise M. Lewis tract;

THENCE North 53°15'27" East, along the southeast line of said Denise M. Lewis tract, a distance of 125.37 feet to a3/8-inch iron rod found for corner in the southwest line of said Tarrant County Water Control Improvement DistrictNumber One tract;

THENCE in a southerly direction, along the said southwest line of the Tarrant County Water Control Improvement DistrictNumber One tract, the following five (5) calls:





South 3°02'33" West, a distance of 265.15 feet to the POINT OF BEGINNING and containing 20.9836 acres or914,047 square feet of land, more or less.

I

OETATS SAXETF

REGISTERED

6558

FLOOD STATEMENT:

According to Community Panel No. 480615170K, dated September 25, 2009 of the National Flood InsuranceProgram Map, Flood Insurance Rate Map of Westworth Village, Texas, Federal Emergency ManagementAgency, Federal Insurance Administration, part of this property is within a special flood hazard area. If thissite is not within an identified special flood hazard area, this flood statement does not imply that the propertyand/or the structures thereon will be free from flooding or flood damage. On rare occasions, greater floodscan and will occur and flood heights may be increased by man-made or natural causes. This flood statementshall not create liability on the part of the surveyor.

NOTES:

The bearing system for this survey is based on the Texas Coordinate System of 1983, North Central Zone 4202 based on observations made on October 9, 2018 with an applied combined scale factor of 1.00012.

Except as specifically stated or shown on this plat, this survey does not purport to reflect any of the following which may be applicable to the subject tract: easements, building setback lines, restrictive covenants, subdivision restrictions,zoning or other land-use regulations, agreements, lease agreements and ownership title evidence.

Any declaration made hereon or herein is made to the original purchaser of the survey. It is not transferable to additional institutions or subsequent owners.

This survey does not provide a determination or opinion concerning the location of existing wetlands, fault lines, toxic or hazardous waste areas, subsidence, subsurface and environmental conditions or geological issues. No statement ismade concerning the suitability of the subject tract for any intended use, purpose or development.

The word "certify" or "certificate" as shown and used hereon means an expression of professional opinion regarding the facts of the survey and does not constitute a warranty or guarantee, expressed or implied.

The underground utilities shown hereon per utility locator maps provided by the City of Westworth Village and the City of Fort Worth as well as visible above ground utility appurtenances and the result of Texas 811 locator marks requestedby Locate Nos. 1878183256 and 1879509728.

LINE TYPE LEGENDBOUNDARY LINEEASEMENT LINEBUILDING LINEWATER LINESANITARY SEWER LINESTORM SEWER LINEUNDERGROUND GAS LINEOVERHEAD UTILITY LINEUNDERGROUND ELECTRIC LINEUNDERGROUND TELEPHONE LINEFENCECONCRETE PAVEMENTASPHALT PAVEMENTFIRE LANE

UGTUGE

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WSS

GASOHE

LEGENDROOF DRAINCABLE TV BOXCABLE TV HANDHOLECABLE TV MANHOLECABLE TV MARKER FLAGCABLE TV MARKER SIGNCABLE TV VAULTCOMMUNICATIONS BOXCOMMUNICATIONS HANDHOLECOMMUNICATIONS MANHOLECOMMUNICATIONS MARKER FLAGCOMMUNICATIONS MARKER SIGNCOMMUNICATIONS VAULTELEVATION BENCHMARKFIBER OPTIC BOXFIBER OPTIC HANDHOLEFIBER OPTIC MANHOLEFIBER OPTIC MARKER FLAGFIBER OPTIC MARKER SIGNFIBER OPTIC VAULTMONITORING WELLGAS HANDHOLEGAS METERGAS MANHOLEGAS MARKER FLAGGAS SIGNGAS TANKGAS VAULTGAS VALVETELEPHONE BOXTELEPHONE HANDHOLETELEPHONE MANHOLETELEPHONE MARKER FLAGTELEPHONE MARKER SIGNTELEPHONE VAULTPIPELINE MARKER SIGNELECTRIC BOXFLOOD LIGHTGUY ANCHORGUY ANCHOR POLEELECTRIC HANDHOLELIGHT STANDARDELECTRIC METERELECTRIC MANHOLEELECTRIC MARKER FLAGELECTRIC MARKER SIGNUTILITY POLEELECTRIC TRANSFORMERELECTRIC VAULTHANDICAPPED PARKINGSIGNMARQUEE/BILLBOARDBORE LOCATIONFLAG POLEGREASE TRAP

MAIL BOXSANITARY SEWER CLEAN OUTSANITARY SEWER MANHOLESANITARY SEWER MARKER FLAGSANITARY SEWER MARKER SIGNSANITARY SEWER SEPTIC TANKSANITARY SEWER VAULTSTORM SEWER BOXSTORM SEWER DRAINSTORM SEWER MANHOLESTORM SEWER VAULTTRAFFIC BARRIERTRAFFIC BOLLARDTRAFFIC BOXCROSS WALK SIGNALTRAFFIC HANDHOLETRAFFIC MANHOLETRAFFIC MARKER SIGNTRAFFIC SIGNALTRAFFIC VAULTUNIDENTIFIED BOXUNIDENTIFIED HANDHOLEUNIDENTIFIED METERUNIDENTIFIED MANHOLEUNIDENTIFIED MARKER FLAGUNIDENTIFIED MARKER SIGNUNIDENTIFIED POLEUNIDENTIFIED TANKUNIDENTIFIED VAULTUNIDENTIFIED VALVETREEWATER BOXFIRE DEPT. CONNECTIONWATER HAND HOLEFIRE HYDRANTWATER METERWATER MANHOLEWATER MARKER FLAGWATER MARKER SIGNWATER VAULTWATER VALVEAIR RELEASE VALVEWATER WELL

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"X" CUT IN CONCRETE SET"X" CUT IN CONCRETE FOUND

IPF IRON PIPE FOUNDADF ALUMINUM DISK FOUND

MNF MAG NAIL FOUNDC.M. CONTROLLING MONUMENT

NOTES ADDRESSING SCHEDULE B EXCEPTIONS:

(Pursuant to Commitment for Title Insurance, provided by Fidelity National Title Insurance Company, GF. No.FTDAL-34-4403402397, effective date October 1, 2018, issued October 15, 2018.)

10(h) 15' Tarrant County Sanitary Sewer Easement recorded in Volume 7197, Page 965 affects the subject tract asshown hereon.

10(i) Non-survey item.

10(j) 30' Texas Midstream Gas Services, L.L.C. recorded in Instrument No. D211013391 of the Official Public Recordsof Tarrant County, Texas affects the subject tract as shown hereon.

N.T.S.VICINITY MAP

NORTH

TARRANT COUNTY WATERCONTROL IMPROVEMENTDISTRICT NUMBER ONE

(VOL. 4254, PG. 457)


Zoning map

PROPERTY INFORMATION


DOWNTOWN FORT WORTH

NEAR SOUTHSIDE

CULTURAL DISTRICT

RIVER HEIGHTS

WHITE SETTLEMENT DISTRICT

UNIVERSITY PARK VILLAGE

• 5 - minute drive to W. 7th District & Cultural District• 10 - minute drive to Downtown• 1 short walk to dining and entertainment options• 1 stroll to parks and trails, including the Trinity Trails

FOUNDRY DISTRICTW. 7TH DISTRICT

LOCKHEED MARTIN

RIVER OAKS


W. 7TH ENTERTAINMENT DISTRICT

DOWNTOWN FORT WORTH

NEAR SOUTHSIDE DISTRICT TRINITY PARK

FORT WORTH CULTURAL DISTRICT

LEFT BANK

W. 7TH DISTRICT

FOUNDRY DISTRICT

LINWOOD DISTRICT

WHITE SETTLEMENT DISTRICT

PANTHER ISLAND

RIVER OAKS

RIVER DISTRICT

CRESTWOOD

CRESTLINE

MONTICELLOW. 7TH

UNIVERSITY PARK

COLONIALTCU

PARK HILL / UNIVERSITY WEST

TANGLEWOOD WESTOVER HILLSNAVAL AIR STATION JOINT RESERVE BASE

CAMP BOWIE DISTRICT&

ARLINGTON HEIGHTS

COMO

RIDGLEA HILLS

BELMONT TERRACE

NORTH SIDE


PROPERTY INFORMATIONDEMOGRAPHICS

1 MILE 3 MILE 5 MILE

TOTAL POPULATION: 9,871 83,433 234,172

POPULATION GROWTH RATE: 2.75% 1.37% 1.53%

TOTAL HOUSEHOLDS: 3,895 32,662 90,248

HOUSEHOLD GROWTH RATE: 2.51% 1.33% 1.63%

AVERAGE HOUSEHOLD INCOME: $58,122 $73,690 $73,771

MEDIAN AGE: 39.2 35.7 34.1

BUSINESSES: 178 3,551 11,459

EMPLOYEES: 1,943 50,490 184,192

% WHITE: 54.84% 49.23% 49.44%

% HISPANIC: 30.44% 31.23% 29.36%


FORT WORTH national recognition

Market overview

#1 – Top Metro For Talent Attraction, EMSI - 2017

#1 - Best Cities for Jobs 2017, Forbes - 2017

#1 - Best Places To Live (Top 20), U.S. News & World Report - 2017

#1 - Percent Job Growth, 2016

#1 - Real Estate Market For 2016, Urban Land Institute – 2016

#1 - (Fort Worth) Growth Rate In The Nation (2000 – 2013), U.S. BLS – 2013

#1 - (Fort Worth) Top 20 Cities To Start A Small Business, WalletHub – 2017

#1 - (Fort Worth) Most Recession-Recovered Large City, WalletHub - 2017

#1 – (Fort Worth) Top Places For Entrepreneurs, Entrepreneur Magazine – 2015

#1 – (Fort Worth) America’s Most Livable Communities

#1 – (Fort Worth) Greatest Art Destinations In The World, Vanity Fair – 2015

#1 – (Fort Worth) Top Medical Districts In The Nation

#2 - (Fort Worth) Best Cities for Job Seekers, Forbes – 2015

#3 – (Fort Worth) Fastest Growing Economies, WalletHub - 2015

#4 – (Fort Worth) Biggest Metros in the Nation

#5 - (Fort Worth) Best Large City for First-Time Home Buyers, WalletHub - 2017

#6 - (Fort Worth) Best Large Real-Estate Market, WalletHub - 2016

#16 – (Fort Worth) Largest Cities In The Nation - U.S. BLS - 2016


The Dallas/Fort Worth Metroplex (DFW) is a dynamic 12-county region made up of Dallas, Fort Worth, and another 150 municipalities. The DFW Metroplex is the largest urban agglomeration in Texas and the fourth largest in the United States spanning an area of 9,286 square miles with a population of approximately 7.1 million people. As the fourth fastest growing region in the United Sates, the DFW population in 2016 was 33.6% higher than in 2000 according to data from Neilson Claritas; by the year 2030, it is projected that over 10.5 million people will be living in the Metroplex according to the Dallas Regional Chamber.

The DFW region is the most economically diverse region in the state of Texas. The GDP of North Texas is estimated to be $486 Billion, and if DFW were its own state it would be the 9th largest in the Nation and 23rd largest country in the World, behind Taiwan. Twenty Fortune 500 companies have their headquarters in DFW. DFW is connected to the world by the nation’s fourth busiest airport and is served by 55 international flights. DFW has the largest workforce in the state of Texas totaling over 3.51 million people, and 34.20% of the population 25 and older have a bachelor’s degree or higher. In DFW, there are 33 colleges and universities, 157 public school districts and 96 public charter schools, according to the North Texas Commission.

Dallas/Fort Worth consistently ranks as a top market for job growth over the short and long term due to its central location, pro-business environment and strong economy. Historically a leader with respect to job growth, DFW added 717,000 jobs since 2010 and 120,500 jobs in 2016 alone, equating to a 3.50% increase to the employment base. Dallas/Fort Worth as well as Texas, continuously boast an unemployment rate lower than the National Average (4.30%). As of Today, DFW enjoys an average unemployment rate of 3.80%.

dfw market overview

Market overview


Disclaimer

Davidson & Bogel Real Estate, LLC (DB2RE): The information contained in this document pertaining to Kite Farms has been ob-tained from sources believed reliable. While DB2RE does not doubt its accuracy, DB2RE has not verified the information and

makes no guarantee, warranty or representation about the information contained in this package. It is your (Purchaser) respon-sibility to independently confirm the accuracy and completeness of the information. Any projections, opinions, assumptions or estimates used herein are for example only and does not represent the current or future performance of the property. The value of this transaction to you 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. Photos herein are the property of their respective owners and use of these imag-

es without the express written consent of the owner is prohibited. DB2RE and the DB2RE logo are service marks of Davidson & Bogel Real Estate, LLC and/or its affiliated or related companies in the United States and other countries. All other marks dis-

played as well as any elements of this document are the property of their respective owners and DB2RE. No transmission of this document is permitted without written consent from DB2RE. As a condition of DB2RE’s consent to communicate the information

contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by DB2RE, owner or agents of either of these parties regarding the Property – it is required that you agree to treat all such informa-

tion confidentially.

Disclosure


DisclaimerTYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material information about the property or transaction received by the broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum dues above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the bro-ker’s minimum dues above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly;• May, with the parties written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the in-structions of each party to the transaction.• Must not, unless specifically authorized in writing to do so by the party, disclose that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s dues and responsibilities to you, and your obligations under the representation agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

DAVIDSON BOGEL REAL ESTATE, LLC 9004427 [email protected] 214-526-3626

LICENSED BROKER / BROKER FIRM NAME LICENSE NO. EMAIL PHONE

MICHAEL EDWARD BOGEL II 598526 [email protected] 214-526-3626

DESIGNATED BROKER OF FIRM LICENSE NO. EMAIL PHONE

MICHAEL CAMERON DEPTULA 622382 [email protected] 214-526-3626

LICENSED SALES AGENT / ASSOCIATE LICENSE NO. EMAIL PHONE

Brokerage services


DisclaimerAPPROVED 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 LAND-LORDS. (01A TREC NO. OP-K)

INFORMATION ABOUT BROKERAGE SERVICES: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 repre-sents 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 represent-ing 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 bro-ker. 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 in¬formation 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 repre-sent 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 intermediary. The written consent must state who will pay the broker and, in conspicuous bold or under¬lined 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 than the asking price unless authorized in writing to do so by the owner; buyer: and(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.

Brokerage services


EDWARD BOGEL

2929 Carlilse Street, Suite 250

Dallas, TX 75204

(214) 526-3626

[email protected]

WWW.DB2RE.COM

5700 WHITE SETTLEMENT ROADWEST WORTH VILLAGE, TEXAS 76114

KITE FARMS - 27.73 AC

CAMERON DEPTULA

2929 Carlilse Street, Suite 250

Dallas, TX 75204

(214) 497-0276

[email protected]

WWW.DB2RE.COM

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