Page 1

PLAZA I-35 COMING JAN 2019

SAN ANTONIO, TX


PRICING & FINANCIAL ANALYSIS

P LAZ A I- 3 5

Plaza I-35 12702 Toepperwein Rd San Antonio, TX 78233

OFFERING SUMMARY Price Cap Rate Net Operating Income Price PSF Occupancy Year Built

$6,995,000 8.26% $577,674 $117.15 79.1% 1985

Gross Leasable Area

59,709 SF

Lot Size

4.35 Acres

F I N A N C I A L A N A LY S I S

2


A E R I AL PHOTO

P LAZ A I- 3 5

F I N A N C I A L A N A LY S I S

3


PRICING & FINANCIAL ANALYSIS

P LAZ A I- 3 5

PROJECTED INCOME & EXPENSES

CURRENT

Base Rent - Occupied Space

PSF

EXPENSES

CURRENT

PSF

$711,806

$11.92

Real Estate Taxes

$128,147

$2.15

$711,806

$11.92

Insurance

$15,853

$0.27

$54,597

$0.91

Office Expenses

$1,975

$0.03

$0

$0.00

Telephone & Internet

$6,222

$0.10

$7,845

$0.13

Inspections

$2,031

$0.03

Real Estate Tax Recoveries

$63,418

$1.06

Landscaping

$4,680

$0.08

Total Expense Reimbursements

$125,861

$2.11

Maintenance

$2,302

$0.04

$0

$0.00

$420

$0.01

Energy

$33,519

$0.56

$12,106

$0.20

Waste Disposal

$7,705

$0.13

$1,920

$0.03

Water

$12,568

$0.21

$5,400

$0.09

Major Repairs

$13,680

$0.23

$19,846

$0.33

Minor Repairs

$25,643

$0.43

Total Gross Revenue

$857,513

$14.36

Total CAM

$110,324

$1.85

EFFECTIVE GROSS REVENUE

$857,513

$14.36

Management Fee

$25,515

$0.43

$279,839

$4.69

$110,324

$1.85

$25,515

$0.43

$15,853

$0.27

Total Real Estate Taxes

$128,147

$2.15

Total Recoverable Expenses

$279,839

$4.69

Net Operating Income

$577,674

$9.67

GROSS POTENTIAL RENT Expense Reimbursements

CAM

CAM Recoveries Management Fee Recoveries Insurance Recoveries

Other Revenue

Materials & Supplies

Access Cards Late Fees Returned Checks Suite Signs Total Other Revenue

Operating Expenses

Total Expenses

Total CAM Management Fee Total Insurance

Capitalization Rate Capital Reserves at $0.15 PSF Cash Flow before Debt Service Market Loan Cash Flow after Debt Service Cash-on-Cash Return

3.00%

3.00%

8.26% $8,956 $568,718 $347,640 $221,078 13.15%

F I N A N C I A L A N A LY S I S

4


LOAN DETAILS

P LAZ A I- 3 5

PROPOSED NEW LOAN Purchase Price

$6,995,000

Loan Amount

$5,246,250

Equity to the Note

$1,748,750

Loan to Purchase Price Interest Rate Amortization Schedule Loan Constant Call Residual Percentage

75% 5.25% 30 Years 6.63% 10 Years 81.95%

NOI

$577,674

Annual Debt Service

$347,640

Clear Cash after DS

$230,034

Debt Service Coverage Ratio

1.66

Cap Rate

8.26%

Cash on Cash Return

13.15%

F I N A N C I A L A N A LY S I S

5


RE NT RO L L - F IR ST FLOOR

Tenant

Suite

P LAZ A I- 3 5

SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

210 Entertainment

101

1,652

2.54%

02/13

07/23

$24,780

$2,065

$15.00

$6,468

$3.92

$31,248

3.75%

Available (Shell)

103

1,464

2.25%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

AI Pain Mgmt

104

5,091

7.84%

08/18

10/24

$56,001

$4,667

$11.00

$19,934

$3.92

$75,935

9.10%

Available (Shell)

105

1,788

2.75%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Clinical Pathology Lab

112

840

1.41%

12/13

11/23

$16,380

$1,365

$19.50

$3,578

$4.26

$19,958

2.38%

Groomingdales

115

1,675

2.81%

06/17

07/22

$15,102

$1,259

$9.02

$7,134

$4.26

$22,236

2.65%

Concentra Medical Ctrs

120

7,617

12.76%

05/15

04/25

$105,082

$8,757

$13.80

$32,444

$4.26

$137,526

16.42%

Eye Management

121

1,700

2.85%

01/17

12/21

$22,100

$1,842

$13.00

$7,241

$4.26

$29,341

3.50%

Available (Shell)

125

3,154

5.28%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Biff Buzby's Burgers

130

3,676

6.16%

06/16

05/21

$45,950

$3,829

$12.50

$15,658

$4.26

$61,608

7.35%

POS Solutions

131

1,155

1.93%

01/17

12/19

$15,015

$1,251

$13.00

$4,920

$4.26

$19,935

2.38%

Live Oak Periodontics

132

2,145

3.59%

09/12

01/20

$40,752

$3,396

$19.00

$9,136

$4.26

$49,888

5.96%

Pending Tenant

135

2,350

3.94%

-

-

$42,300

$3,525

$18.00

$10,010

$4.26

$52,310

6.24%

Available (Shell)

135A

2,006

3.36%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Woywood Chiropractic

140

1,648

2.76%

02/14

03/19

$28,836

$2,403

$17.50

$7,019

$4.26

$35,855

4.28%

Available (Finished)

142

1,673

2.80%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

39,634

66.38%

$412,298

$34,358

$10.40

$125,861

$3.18

$538,159

64.24%

First Floor Sub-Total

F I N A N C I A L A N A LY S I S

6


RE NT RO L L - SECON D FLOOR Tenant

Suite

SQ FT

P LAZ A I- 3 5 % of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Conference Room

-

196

0.33%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Storage

-

640

1.07%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Corridor

200

1,747

2.93%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

-

305

0.51%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

201

832

1.39%

04/18

03/19

$13,200

$1,100

$15.87

$0

$0.00

$13,200

1.58%

Waiting Area Pampering Aestethics Cherry Bomb Lash Parlor

202

253

0.42%

02/18

01/19

$4,200

$350

$16.60

$0

$0.00

$4,200

0.50%

Claudia Moore Skin

203

263

0.44%

02/16

01/19

$5,297

$441

$20.14

$0

$0.00

$5,297

0.63%

Campanas Prop Mgmt

204

223

0.37%

08/17

07/19

$5,796

$483

$25.99

$0

$0.00

$5,796

0.69%

J Auto Sales

205

189

0.32%

02/18

01/19

$4,968

$414

$26.29

$0

$0.00

$4,968

0.59%

Jackson Realty

206

202

0.34%

01/18

12/18

$4,920

$410

$24.36

$0

$0.00

$4,920

0.59%

My Time

207

212

0.36%

05/17

04/19

$5,400

$450

$25.47

$0

$0.00

$5,400

0.64%

Conferenc Room

208

200

0.33%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Vela & Assoc

209

228

0.38%

09/17

08/19

$4,967

$414

$21.78

$0

$0.00

$4,967

0.59%

Eden's Reflections

210

234

0.39%

01/17

12/18

$4,200

$350

$17.95

$0

$0.00

$4,200

0.50%

Soccer Association

211

150

0.25%

07/18

06/19

$3,000

$250

$20.00

$0

$0.00

$3,000

0.36%

Available (Finished)

212

778

1.30%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Vela & Assoc

213

200

0.33%

09/17

08/19

$4,366

$364

$21.83

$0

$0.00

$4,366

0.52%

Hakami

214

247

0.41%

04/18

03/19

$5,100

$425

$20.65

$0

$0.00

$5,100

0.61%

Available (Finished)

215

220

0.37%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

State Wide 1 Agency

216

189

0.32%

07/17

06/19

$4,725

$394

$25.00

$0

$0.00

$4,725

0.56%

Available (Finished)

217

186

0.31%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

True Legacy

218

189

0.32%

12/17

11/18

$4,800

$400

$25.40

$0

$0.00

$4,800

0.57%

Law Office of Hector Cortes

219

189

0.32%

10/17

09/19

$5,580

$465

$29.52

$0

$0.00

$5,580

0.67%

Howard Self

220

297

0.50%

10/17

03/19

$7,896

$658

$26.59

$0

$0.00

$7,896

0.94%

Family First Life

221

283

0.47%

MTM

MTM

$7,380

$615

$26.08

$0

$0.00

$7,380

0.88%

Angeles Distribution

222

250

0.42%

07/17

06/19

$6,350

$529

$25.40

$0

$0.00

$6,350

0.76%

Fergins & Assoc

223

190

0.32%

11/17

10/19

$3,996

$333

$21.03

$0

$0.00

$3,996

0.48%

Howard Self

224

194

0.32%

10/17

03/19

$5,052

$421

$26.04

$0

$0.00

$5,052

0.60%

Now Energy LLC

225

100

0.17%

03/17

02/19

$3,840

$320

$38.40

$0

$0.00

$3,840

0.46%

GSM Insurors

226

310

0.52%

03/17

02/19

$9,880

$823

$31.87

$0

$0.00

$9,880

1.18%

World Financial Group

227

363

0.61%

01/18

12/19

$8,100

$675

$22.31

$0

$0.00

$8,100

0.97%

F I N A N C I A L A N A LY S I S

7


RE NT RO L L - SECON D FLOOR CON TI NU E D Tenant

Suite

SQ FT

% of SQFT

P LAZ A I- 3 5 Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Auto Select

228

242

0.41%

01/18

12/18

$6,540

$545

$27.02

$0

$0.00

$6,540

0.78%

Alpha Autoplex

229

139

0.23%

01/18

12/18

$4,080

$340

$29.35

$0

$0.00

$4,080

0.49%

Auto Select

230

513

0.86%

09/18

08/19

$7,200

$600

$14.04

$0

$0.00

$7,200

0.86%

Conferenc Room

231

210

0.35%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Lanell Designs

232

358

0.60%

05/17

04/19

$8,940

$745

$24.97

$0

$0.00

$8,940

1.07%

A Bear Pest Control

233

148

0.25%

12/17

11/18

$4,320

$360

$29.19

$0

$0.00

$4,320

0.52%

Suttin Construction

234

394

0.66%

01/18

12/19

$6,600

$550

$16.75

$0

$0.00

$6,600

0.79%

Taylor Made Senior Svcs

235

203

0.34%

12/16

11/18

$4,403

$367

$21.69

$0

$0.00

$4,403

0.53%

Loyalty Service

236

950

1.59%

11/17

10/22

$17,100

$1,425

$18.00

$0

$0.00

$17,100

2.04%

Emerge Counseling & Coaching

237

217

0.36%

01/18

12/18

$5,460

$455

$25.16

$0

$0.00

$5,460

0.65%

Knight Watch Security

241

69

0.12%

11/18

10/19

$1,992

$166

$28.87

$0

$0.00

$1,992

0.24%

Brian Culver

243

165

0.28%

05/17

04/19

$4,500

$375

$27.27

$0

$0.00

$4,500

0.54%

Focus RE Investor

244

296

0.50%

10/17

03/19

$6,216

$518

$21.00

$0

$0.00

$6,216

0.74%

Break Room

245

295

0.49%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Usawa

246

360

0.60%

09/17

08/19

$6,000

$500

$16.67

$0

$0.00

$6,000

0.72%

Lets America

248

220

0.37%

11/18

10/19

$5,496

$458

$24.98

$0

$0.00

$5,496

0.66%

Tithing Transport LLC

249

290

0.49%

04/17

03/19

$7,368

$614

$25.41

$0

$0.00

$7,368

0.88%

Agavi Skin & Body Studio

250

212

0.36%

12/17

11/18

$5,940

$495

$28.02

$0

$0.00

$5,940

0.71%

Nelly Hair Designs

251

597

1.00%

01/18

12/19

$9,000

$750

$15.08

$0

$0.00

$9,000

1.07%

Available (Shell)

252

275

0.46%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Available (Shell)

253

245

0.41%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Available (Finished)

254

257

0.43%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Available (Finished)

255

249

0.42%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Available (Finished)

256

165

0.28%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

ION Solar

257

493

0.83%

06/18

05/19

$12,336

$1,028

$25.02

$0

$0.00

$12,336

1.47%

Flat Iron Construction

259-263

1,907

3.19%

10/18

09/20

$28,605

$2,384

$15.00

$0

$0.00

$28,605

3.41%

ISRO Engineering Svc

266

547

0.92%

01/17

12/19

$14,400

$1,200

$26.33

$0

$0.00

$14,400

1.72%

Total Count/GLA

74

59,709

100%

Totals

$711,806

$59,317

$837,667

100.00%

Occupied

61

47,249

79.1%

Available

13

12,460

20.9%

$14.98

45,601

100.0%

Total Avg Rent

$125,861

F I N A N C I A L A N A LY S I S

8


ESTIMATED REIMBURSEMENT REVENUE - FIRST FLOOR Tenant

Suite

SQ FT

% of SQFT

CAM

P LAZ A I- 3 5 Management Fee

Insurance

Real Estate Taxes

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

210 Entertainment

101

1,652

2.77%

$254

$1.85

$0

$0.00

$37

$0.27

$295

$2.15

$586

$4.26

Available (Shell)

103

1,464

2.45%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

AI Pain Mgmt

104

5,091

8.53%

$784

$1.85

$0

$0.00

$113

$0.27

$911

$2.15

$1,807

$4.26

Available (Shell)

105

1,788

2.99%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Clinical Pathology Lab

112

840

1.41%

$129

$1.85

$0

$0.00

$19

$0.27

$150

$2.15

$298

$4.26

Groomingdales

115

1,675

2.81%

$258

$1.85

$0

$0.00

$37

$0.27

$300

$2.15

$595

$4.26

Concentra Medical Ctrs

120

7,617

12.76%

$1,173

$1.85

$0

$0.00

$169

$0.27

$1,362

$2.15

$2,704

$4.26

Eye Management

121

1,700

2.85%

$262

$1.85

$0

$0.00

$38

$0.27

$304

$2.15

$603

$4.26

Available (Shell)

125

3,154

5.28%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Biff Buzby's Burgers

130

3,676

6.16%

$566

$1.85

$0

$0.00

$81

$0.27

$657

$2.15

$1,305

$4.26

POS Solutions

131

1,155

1.93%

$178

$1.85

$0

$0.00

$26

$0.27

$207

$2.15

$410

$4.26

Live Oak Periodontics

132

2,145

3.59%

$330

$1.85

$0

$0.00

$47

$0.27

$384

$2.15

$761

$4.26

Pending Tenant

135

2,350

3.94%

$362

$1.85

$0

$0.00

$52

$0.27

$420

$2.15

$834

$4.26

Available (Shell)

135A

2,006

3.36%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Woywood Chiropractic

140

1,648

2.76%

$254

$1.85

$0

$0.00

$36

$0.27

$295

$2.15

$585

$4.26

Available (Finished)

142

1,673

2.80%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

39,634

66.38%

$4,550

First Floor Sub-Total

$0

$654

$5,285

$10,488

F I N A N C I A L A N A LY S I S

9


ESTIMATED REIMBURSEMENT REVENUE - SECOND FLOOR Tenant

Suite

SQ FT

% of SQFT

CAM

P LAZ A I- 3 5

Management Fee

Insurance

Real Estate Taxes

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Conference Room

-

196

0.33%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Storage

-

640

1.07%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Corridor

200

1,747

2.93%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

-

305

0.51%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Pampering Aestethics

201

832

1.39%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Cherry Bomb Lash Parlor

202

253

0.42%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Claudia Moore Skin

203

263

0.44%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Campanas Prop Mgmt

204

223

0.37%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

J Auto Sales

205

189

0.32%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Jackson Realty

206

202

0.34%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

My Time

207

212

0.36%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Conferenc Room

208

200

0.33%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Vela & Assoc

209

228

0.38%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Eden's Reflections

210

234

0.39%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Soccer Association

211

150

0.25%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Available (Finished)

212

778

1.30%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Vela & Assoc

213

200

0.33%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Hakami

214

247

0.41%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Available (Finished)

215

220

0.37%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

State Wide 1 Agency

216

189

0.32%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Available (Finished)

217

186

0.31%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

True Legacy

218

189

0.32%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Law Office of Hector Cortes

219

189

0.32%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Howard Self

220

297

0.50%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Family First Life

221

283

0.47%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Angeles Distribution

222

250

0.42%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Fergins & Assoc

223

190

0.32%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Howard Self

224

194

0.32%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Now Energy LLC

225

100

0.17%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Waiting Area

F I N A N C I A L A N A LY S I S 10


ESTIMATED REIMBURSEMENT REVENUE - SECOND FLOOR CONTINUED Tenant

Suite

SQ FT

% of SQFT

CAM

P LAZ A I- 3 5

Management Fee

Insurance

Real Estate Taxes

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

GSM Insurors

226

310

0.52%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

World Financial Group

227

363

0.61%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Auto Select

228

242

0.41%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Alpha Autoplex

229

139

0.23%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Auto Select

230

513

0.86%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Conferenc Room

231

210

0.35%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Lanell Designs

232

358

0.60%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

A Bear Pest Control

233

148

0.25%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Suttin Construction

234

394

0.66%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Taylor Made Senior Svcs

235

203

0.34%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Loyalty Service

236

950

1.59%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Emerge Counseling & Coaching

237

217

0.36%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Knight Watch Security

241

69

0.12%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Brian Culver

243

165

0.28%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Focus RE Investor

244

296

0.50%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Break Room

245

295

0.49%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Usawa

246

360

0.60%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Lets America

248

220

0.37%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Tithing Transport LLC

249

290

0.49%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Agavi Skin & Body Studio

250

212

0.36%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Nelly Hair Designs

251

597

1.00%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Available (Shell)

252

275

0.46%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Available (Shell)

253

245

0.41%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Available (Finished)

254

257

0.43%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Available (Finished)

255

249

0.42%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Available (Finished)

256

165

0.28%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

ION Solar

257

493

0.83%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Flat Iron Construction

259-263

1,907

3.19%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

ISRO Engineering Svc

266

547

0.92%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

64,953

100%

$3,949

Total

$0

$567

$4,587

$9,104

F I N A N C I A L A N A LY S I S

11


LEASE PROVISIONS

Tenant

Suite

P LAZ A I- 3 5

Base Rental Increases

SQ FT

Renewal Options

Date

PSF

Options

Date

PSF

8/1/2023

FMV

11/1/2024 2/1/2031

FMV FMV

210 Entertainment

101

1,652

-

-

1x5

Available (Shell)

103

1,464

-

-

-

104

5,091

11/1/2019 11/1/2020 11/1/2021 11/1/2022 11/1/2023

$12.00 $15.00 $18.50 $19.00 $19.50

2 x 6.25 (75 Months Each)

105

1,788

-

-

-

112

840

12/1/2020 12/1/2021 12/1/2022

$19.75 $20.00 $20.25

-

-

115

1,675

6/1/2019 6/1/2020 6/1/2021

$9.27 $9.52 $9.77

-

-

120

7,617

5/1/2019 5/1/2020 5/1/2021 5/1/2022 5/1/2023 5/1/2024

$14.07 $14.35 $14.64 $14.93 $15.23 $15.54

2x5

5/1/2025 5/1/2030

121

1,700

1/1/2019 1/1/2020 1/1/2021

$13.50 $14.00 $14.50

-

125

3,154

-

-

-

130

3,676

6/1/2019 6/1/2020

$13.00 $13.50

-

POS Solutions

131

1,155

1/1/2019

$13.50

-

Live Oak Periodontics

132

2,145

11/1/2018

$19.00

-

Pending Tenant

135

2,350

-

-

-

Available (Shell)

135A

2,006

-

-

-

Woywood Chiropractic

140

1,648

-

-

-

Available (Finished)

142

1,673

-

-

-

AI Pain Mgmt

Available (Shell) Clinical Pathology Lab

Groomingdales

Concentra Medical Ctrs

Eye Management Available (Shell) Biff Buzby's Burgers

First FLoor Sub-Total

39,634

Note: Second floor executive suite leases renegotiated on an annual or biannual basis.

F I N A N C I A L A N A LY S I S

12


TI TNA TE L ENT INF ORMAT I ON

P LAZ A I- 3 5

Company

Concentra, Inc.

Corporate/Franchise

Corporate

Locations

500+ Locations

Public/Private

Public

Line of Business

Concentra is a national health care company focused on improving the health of America’s workforce, one patient at a time. Through its affiliated clinicians, the company provides occupational medicine, urgent care, physical therapy, and wellness services from more than 500 medical centers in 44 states. In addition to these medical center locations, Concentra serves employers by providing a broad range of health services and operating more than 140 onsite medical facilities.

Company

Flatiron Construction Corp

Corporate/Franchise

Corporation

Locations

6 Divisions across the United States

Public/Private

Public

Line of Business

Flatiron builds roads, bridges, rail, airports, dams, industrial, water and underground projects from common to complex, large-scale jobs. Delivering successful projects under a variety of contracting methods, Flatiron has unparalleled design-build and public-private partnership experience and expertise. Founded in Boulder, Colorado, in 1947, and named for the unique rock formations there, Flatiron now operates across the U.S. and Canada.

Company

Biff Buzby’s, Inc.

Corporate/Franchise

Corporation

Locations

1

Public/Private

Private

Line of Business

Biff Buzby’s Burgers is a locally owned and operated restaurant that serves hamburgers, grilled sandwiches and homestyle meals with an array of different sides.

PROPERTY DESCRIPTION

13


ITI NTVE L ES TMENT HI GHLI GHT S

Sought After Value-Add Opportunity – Current Occupancy of 79.1%. 12,460 Square Feet of Available Space.

Priced Below Replacement Cost – Opportunity to Acquire a Mix-Use Retail/Office Asset at $117 Per Square Foot, Well Below Replacement Cost.

Strong Location – The Property is Located About 3,000 Feet South of a Brand New IKEA Site Expected to be Delivered Spring 2019. Located Across from Northeast Methodist Hospital and Adjacent to Several National Retailers Including Whataburger, Carl’s Jr. and Denny’s.

Great Visibility with High Traffic Counts – Property is Visible from I-35 and Benefits from Traffic Counts of Over 188,505 Vehicles Per Day along the Highway. Traffic Counts along Toepperwein Rd exceed 19,240 Vehicles Per Day.

Great Ingress/Egress – Active Center with Vibrant Office Spaces on Second Floor.

Strong Demographics – Population in a 1 Mile Radius is Projected to Grow by Another 9% in the Next 5 Years.

Mitigating Risk: Plaza I-35 Has 51 Executive Suites, With 43 of Them Currently Occupied. With So Many Tenants, and Different Businesses in the Property, the Risk of Large Vacancy From One Tenant Leaving is Virtually Eliminated.

P LAZ A I- 3 5

PROPERTY DESCRIPTION

14


TII T E S L EPL A N - F IRST FLOOR

P LAZ A I- 3 5

AVAILABLE AVAILABLE AVAILABLE BIFF BUZBY’S BURGERS

AVAILABLE CONCENTRA

AVAILABLE SHARP EYE

AVAILABLE POS SOLUTIONS

AVAILABLE LIVE OAK PERIODONTICS

AVAILABLE AVAILABLE

AVAILABLE GROOMINGDALES

AVAILABLE BAR GOGGLES

AVAILABLE ALAVIE PAIN MANAGEMENT

AVAILABLE CLINICAL PATHOLOGY LAB AVAILABLE AVAILABLE

AVAILABLE AVAILABLE AVAILABLE WOYWOOD CHIROPRACTIC AVAILABLE AVAILABLE

PROPERTY DESCRIPTION

15


TII T E S L EPL A N - S ECON D FLOOR

P LAZ A I- 3 5

2ND FLOOR

I-35 PLAZA 12702 TOEPPERWEIN RD. #217 LIVE OAK, TX 78233| 210.248.9587

OFFICE 223 SF 204

OFFICE 280 SF 203

OFFICE 200 SF 205

STORAGE ROOM 130 SF

OFFICE 215 SF 206

OFFICE 200 SF 207

WOMEN

MEN

OFFICE 189 SF 210

CONFERENCE ROOM 200 SF 208

OFFICE 228 SF 209

OFFICE 210 SF 214

OFFICE 200 SF 215

OFFICE 198 SF 216

OFFICE 198 SF 217

OFFICE 200 SF 218

OFFICE 147 SF 211

OFFICE 210 SF 219

OFFICE 272 SF 222

OFFICE 155 SF 223

OFFICE 300 SF 220

OFFICE 150 SF 229

OFFICE 258 SF 225 OFFICE 305 SF 221

OFFICE 690 SF 201

OFFICE 200 SF 213

OFFICE 215 SF 224 WOMEN

MEN dn

MECH. ROOM

OFFICE 230 SF 202 OFFICE 778 SF 212

OFFICE 310 SF 226

OFFICE 363 SF 227

WAITING AREA 486 SF

OFFICE 255 SF 228

OFFICE 395 SF 230

dn

KEY PLAN

PROPERTY DESCRIPTION

16


TII T E S L EPL A N - S ECON D FLOOR

P LAZ A I- 3 5

2ND FLOOR

I-35 PLAZA 12702 TOEPPERWEIN RD. #217 LIVE OAK, TX 78233| 210.248.9587

OFFICE 223 SF 204

OFFICE 280 SF 203

OFFICE 200 SF 205

STORAGE ROOM 130 SF

OFFICE 215 SF 206

OFFICE 200 SF 207

WOMEN

MEN

OFFICE 189 SF 210

CONFERENCE ROOM 200 SF 208

OFFICE 228 SF 209

OFFICE 200 SF 213

OFFICE 210 SF 214

OFFICE 200 SF 215

OFFICE 198 SF 216

OFFICE 198 SF 217

OFFICE 200 SF 218

OFFICE 147 SF 211 OFFICE 272 SF 222

OFFICE 155 SF 223

OFFICE 300 SF 220

OFFICE 150 SF 229

OFFICE 258 SF 225 OFFICE 305 SF 221

OFFICE 690 SF 201

OFFICE 210 SF 219

OFFICE 215 SF 224 WOMEN

MEN dn

MECH. ROOM

OFFICE 230 SF 202 OFFICE 778 SF 212

OFFICE 310 SF 226

OFFICE 363 SF 227

WAITING AREA 486 SF

OFFICE 255 SF 228

OFFICE 395 SF 230

dn

KEY PLAN DATE:

SEPT .2018

OBSERVATIONS:

PROPERTY DESCRIPTION

17


TIETRLIEAL MA P A

P LAZ A I- 3 5

Coming Soon

NORTHEAST LAKEVIEW COLLEGE

PROPERTY DESCRIPTION

18


L E A SE COMPA RABLES

Property

P LAZ A I- 3 5

GLA

Yr Built/ Renovated Occupancy

Major Tenants

Available SF

Rental Rates

NNN

Plaza I-35 ï‚« 12702 Toepperwein Rd San Antonio, TX

64,953

1985

71.6%

Laboratory Corp, Concentra Medical, Flat Iron Construction

18,444

$18.00 - $21.00

$3.92

Village at Live Oak 1 12315 Judson Rd. San Antonio, TX

24,394

1985

90.9%

Express Nails, New Sound Hearing Aid, Veda Medical

2,230

$14.00 - $16.00

$6.14

Sprint Retail Strip 2 11726 N I-35 San Antonio, TX

6,000

2004

100.0%

Sprint, Subway, State Farm

0

$20.00 - $23.00

$8.50

O'Connor Crossing 3 11403 O'Connor Rd San Antonio, TX

18,200

2006

78.8%

Fuji Express, Rocky's Tavern, Cricket, Atlantic Family Healthcare

3,850

$22.00 - $25.00

$8.85

Market at The Forum 4 14975 N I-35 Selma, TX

10,148

2010

100.0%

Plato's Closet, USAA Financial

0

$29.00-$34.00

$7.00

Village Oaks Shopping Center 5 8300 Pat Booker Rd Live Oak, TX

7,437

1982

51.4%

Diversity Ela, Anderson Vision Ctr, Prince of Peace Church

3,614

$14.00-$17.00

$7.68

PROPERTY DESCRIPTION

19


L E A SE COMPA RABLES

P LAZ A I- 3 5

Plaza I-35 1

Village at Live Oak

2

Sprint Retail Strip

3

O’Connor Crossing

4

Market at The Forum

5

Village Oaks Shopping Center

4

5

1

2 3

P R O P E R T Y D E S C R I P T I O N 20


TI TCL AL LO E MA P

P LAZ A I- 3 5

Plaza I-35

PROPERTY DESCRIPTION

21


TI T LIONA REG E L MA P

P LAZ A I- 3 5

Plaza I-35

P R O P E R T Y D E S C R I P T I O N 22


M A R KET S U MMARY

P LAZ A I- 3 5

San Antonio, TX

OVERVIEW San Antonio (Spanish for “Saint Anthony”), officially the City of San Antonio, is the seventh most populated city in the United States of America and the second most populated city in the state of Texas, with a population of 1,409,019. It was the fastest growing of the top 10 largest cities in the United States from 2000 to 2010, and the second from 1990 to 2000. The city is located in the American Southwest, the south– central part of Texas, and the southwestern corner of an urban region known as the Texas Triangle. The city has characteristics of other western urban centers in which there are sparsely populated areas and a low density rate outside of the city limits. San Antonio is the center of the San Antonio– New Braunfels Metropolitan Statistical Area. Commonly referred to as Greater San Antonio, the metropolitan area has a population of over 2.27 million based on the 2013 US Census estimate,

making it the 25th-largest metropolitan area in the United States and third-largest in the state of Texas. Growth along the Interstate 35 and Interstate 10 corridors to the north, west and east make it likely that the metropolitan area will continue to expand. The US armed forces have numerous facilities in San Antonio: Fort Sam Houston, Lackland Air Force Base, Randolph Air Force Base (which constitute Joint Base San Antonio), and Lackland AFB/Kelly Field Annex, with Camp Bullis and Camp Stanley located outside the city. Kelly Air Force Base operated out of San Antonio until 2001, when the airfield was transferred to Lackland AFB. The remaining portions of the base were developed as Port San Antonio, an industrial/business park. San Antonio is home to six Fortune 500 companies and the South Texas Medical Center, the only medical research and care provider in the South Texas region.

P R O P E R T Y D E S C R I P T I O N 23


D E M OG RA PHIC STAT I ST I CS

P LAZ A I- 3 5

1 MILE

3 MILE

5 MILE

11,743 10,761 9,034 9.13% 19.12% 4,311

119,418 109,688 93,762 8.87% 16.99% 45,617

270,504 248,718 217,847 8.76% 14.17% 105,749

8,369 1,338 95 504 66 388 131

86,013 14,379 1,146 4,144 426 3,579 911

189,117 39,083 2,863 8,644 900 8,111 2,156

4,283 3,950 3,430 8.43% 15.16% 2,754 1,196 $80,351 $68,553

43,508 40,098 34,742 8.50% 15.42% 27,610 12,489 $75,546 $64,159

96,999 89,460 79,270 8.43% 12.85% 58,672 30,788 $74,444 $61,579

389 856 938 680 666 197 73 151

5,393 9,241 9,319 6,953 4,402 2,185 1,418 1,187

13,160 21,162 20,578 14,151 9,534 4,786 3,440 2,649

Population: 2023 Projection 2018 Estimate 2010 Census Growth 2018-2023 Growth 2010-2018 2018 Population Hispanic Origin

2018 Population by Race: White Black Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other U.S. Armed Forces:

Households: 2023 Projection 2018 Estimate 2010 Census Growth 2018 - 2023 Growth 2010 - 2018 Owner Occupied Renter Occupied 2018 Avg Household Income (National Avg - $75,558) 2018 Med Household Income (National Avg - $53,889)

2018 Households by Household Inc: <$25,000 $25,000 - $50,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $125,000 $125,000 - $150,000 $150,000 - $200,000 $200,000+ Demographic data © CoStar 2018

P R O P E R T Y D E S C R I P T I O N 24


CONFIDENTIALITY AGREEMENT The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenantâ&#x20AC;&#x2122;s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.


Commercial Disclaimer STRIVE hereby advises all prospective purchasers of commercial property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.


Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES 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 duties 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 broker’s minimum duties 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 th e 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 instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: ӽӽ that the owner will accept a price less than the written asking price; ӽӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽӽ 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 duties 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.

Regulated by the Texas Real Estate Commission

Information available at www.trec.texas.gov IABS 1-0


exclusively listed 469.844.8880 | STRIVERE.COM

Plaza I-35 - San Antonio, TX  
Plaza I-35 - San Antonio, TX