Potranco Place - REOC San Antonio

Transcription

Potranco Place - REOC San Antonio
Potranco Place
1,619 SF
For Lease
8815 Potranco Rd
New construction
C. Michael Morse
R
EOC
S A N A N TO N I O
Blake M. Bonner
Vice President, Brokerage Services Senior Vice President, Director of Brokerage
Direct Line 210 524 1305
Direct Line 210 524 1312
[email protected]
[email protected]
210 524 4000
8023 Vantage Drive, Suite 1200
San Antonio TX 78230
reocsanantonio.com
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S A N A N TO N I O
Table of Contents
SECTION 1
Property Summary
SECTION 2
Quote Sheet
SECTION 3
Maps
SECTION 4
Plan
SECTION 5
San Antonio Overview
SECTION 6
Market Snapshot
SECTION 7
Demographics
SECTION 8
TREC Agency Disclosure
C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
© 2016 REOC San Antonio. REOC San Antonio is a licensed Real Estate broker in the State of Texas operating under REOC General Partner, LLC. The information contained herein is deemed
accurate as it has been reported to us by reliable sources. As such, we can make no warranty or representation as to the accuracy or completeness thereof. Further, the property is presented subject
to availability, change in price or terms, prior sale or lease, or withdrawal from the market.
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Property Summary
Address
8815 Potranco Rd
Comments
Location
Hwy 151 and Potranco
ƒƒ
Excellent visibility
Property
Details
7,296 SF Building
1.00 Acres
ƒƒ
Quick access to Hwy 151, Loop 410
ƒƒ
Excellent location in rapidly growing area
Legal
Description
NCB 17643 (THE CORNER AT POTRANCO),
BLOCK 31 LOT 2
ƒƒ
Easy ingress/egress to adjacent thoroughfares
ƒƒ
Surrounded by national retailers
ƒƒ
New construction
Zoning
C-3
ƒƒ
Ideal for a wide variety of commercial uses
Year Built
2015
ƒƒ
Surrounded by numerous subdivisions and multi-family
housing and hotel
Floors
1
ƒƒ
Road Frontage
145.2 sf
Located within miles of major employers such as NSA, QVC,
Nationwide Insurance, and Sea World
Utilities
All in place
Traffic Counts
Hwy 151 at Potranco Rd; 102,258 vpd (2014)
Source: TxDOT Statewide Planning Map
C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
REOC San Antonio believes this information to be accurate but makes no representations or warranties as to the accuracy of this information.
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Quote Sheet
Square Footage
Available
Largest Available Area
Largest Contiguous Area
Smallest Available Space
Total Available
Base Rental
$23.00/SF NNN
First Month’s Rental
Due upon execution of lease document by Tenant
Triple Net
$8.00
Term
Minimum five (5) year lease
TI Allowance
Deposit
1,619
3,238
1,619
3,238
(Note: All above figures in Rentable Square Feet)
$25 - $30 (Depends on credit and term)
Equal to one (1) month’s Base Rental (typical)
Financial Information Required prior to submission of lease document by Landlord
Disclosure
A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and
returned to Landlord’s leasing representative.
C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
Actual Base Rental under any proposed lease is a function of the relationship of expense and income characteristics, credit worthiness of tenant, condition of space leased,
leasehold input allowances, term of lease and other factors deemed important by the Landlord.
210 524 4000
This Quote Sheet does not constitute an offer. Neither this document nor any oral discussions between the parties is intended to be a legally binding agreement, but merely
expresses terms and conditions upon which the Landlord may be willing to enter into an agreement. This Quote Sheet is subject to modification, prior leasing or withdrawal
without notice and neither party hereto shall be bound until definitive written agreements are executed by and delivered to all parties to the transaction. The information provided
herein is deemed reliable, however, no warranties or representations as to the accuracy are intended, whether expressed or implied.
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C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
City Location Map
R
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S A N A N TO N I O
C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Aerial Map
R
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S A N A N TO N I O
C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Aerial Map
R
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S A N A N TO N I O
C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Site Aerial
R
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S A N A N TO N I O
C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Plan
San Antonio Overview
Largest U.S. Cities
1,711,703
2,142,508
2,318,052
2,524,054
Ethnicity
Total Households
2000 Census
2010 Census
2015 Estimate
2020 Projection
Median Age
1 New York
2 Los Angeles
3 Chicago
4 Houston
5 Philadelphia
6 Phoenix
7 San Antonio
8 San Diego
9 Dallas
10 San Jose
Population
San Antonio-New Braunfels Metro Area
32.9
34.1
34.8
35.6
74.2%
7%
0.8%
2.3%
601,265
763,022
829,834
906,792
12%
$51,426
$62,458
$72,664
$82,673
Black Alone
American Indian Alone
$39,029
$50,146
$52,913
$60,771
Per Capita Income
2000 Census
2010 Census
2015 Estimate
2020 Projection
Median Household Income
3.5%
Avg. Household Income
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Asian Alone
Some Other Race Alone
$18,443
$22,135
$26,383
$30,048
Two or More Races
White Alone
45%
Dallas
280 miles
Major Industries
Austin
80 miles
San
Antonio
C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Houston
200 miles
[email protected]
210 524 4000
55%
Hospitality/Tourism
Hospitality
& Tourism
Hispanic Origin (Any Race)
Non-Hispanic
Military
Military
Corpus
Laredo/
Christi
Nvo. Laredo 145 miles
150 miles
Real Estate
& Construction
Real Estate
& Construction
Fortune 500 Companies
Rankings
SAT
US
Finance
Finance
Mexico City
900 miles
Health&
Care
& Bioscience
Health Care
Bioscience
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
Major Industries
Manufacturing
Manufacturing
Located in South Central Texas within Bexar County,
San Antonio occupies approximately 504 square miles.
Situated about 140 miles north of the Gulf of Mexico
where the Gulf Coastal Plain and Texas Hill Country
meet.
$0
$0
$5
$5
$10
$15
$10
$15
In Billions
$20
$20
$25
$25
$30
$30
Sources: U.S. Census; ESRI 2015 Estimates; U.S. Census Bureau 2010, ESRI forecasts for 2015 & 2020; Fortune 2015 Rankings
1
Valero Energy
13
2
Tesoro Corp
77
3
USAA
122
4
CST Brands, Inc
277
5
iHeart Media
429
6
NuStar Energy
741
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San Antonio
Retail
Report
Retail
Market
Snapshot
- 2Q 2016
Second Quarter 2016
Citywide
CBD/South
2Q 2016
C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
All Types
Inventory
Direct Vacant
%Vacant
Average Rent
2Q Absorption
YTD Absorption
48,192,986
3,759,905
7.8%
$16.01
542,735
754,861
Regional Malls
Inventory
Direct Vacant
%Vacant
2Q Absorption
YTD Absorption
2Q 2015
Non-CBD/North
2Q 2016
2Q 2016
2Q 2015
6,244,326
580,536
9.3%
$15.27
(1,377)
27,949
All Types
Inventory
Direct Vacant
%Vacant
Average Rent
2Q Absorption
YTD Absorption
41,416,883
3,390,532
8.2%
$15.98
35,349
240,511
40,919,197
4,141,440
10.1%
$15.26
67,339
202,530
1,854,483
10,000
0.5%
478,363
478,363
1,861,120
170,000
9.1%
0
0
Regional Malls
Inventory
Direct Vacant
%Vacant
2Q Absorption
YTD Absorption
5,595,965
45,739
0.8%
4,748
4,748
5,575,725
104,364
1.9%
7,574
7,574
1,433,062
52,297
3.6%
$21.79
56,879
61,129
847,358
22,814
2.7%
$20.62
2,495
2,495
Power Centers
Inventory
Direct Vacant
%Vacant
Average Rent
2Q Absorption
YTD Absorption
11,759,432
701,970
6.0%
$22.68
45,216
57,288
11,759,441
1,160,938
9.9%
$21.50
(9,689)
(12,097)
964,703
24,312
2.5%
$15.00
0
(4,918)
964,703
74,582
7.7%
$16.77
0
0
Community Centers
Inventory
Direct Vacant
%Vacant
Average Rent
2Q Absorption
YTD Absorption
5,612,826
408,015
7.3%
$17.11
(43,067)
1,286
5,574,656
352,671
6.3%
$14.62
64,897
162,632
Neighborhood Centers
Inventory
2,349,853
Direct Vacant
270,686
%Vacant
11.5%
Average Rent
$14.56
2Q Absorption
(27,856)
YTD Absorption
(27,611)
2,380,543
277,075
11.6%
$13.80
(2,582)
26,744
Neighborhood Centers
Inventory
16,210,957
Direct Vacant
1,940,697
%Vacant
12.0%
Average Rent
$13.92
2Q Absorption
30,489
YTD Absorption
154,381
15,807,468
2,224,010
14.1%
$13.60
7,025
57,903
47,163,523
4,721,976
10.0%
$15.26
65,962
230,479
All Types
Inventory
Direct Vacant
%Vacant
Average Rent
2Q Absorption
YTD Absorption
6,776,103
369,373
5.5%
$16.42
507,386
514,350
7,450,448
55,739
0.7%
483,111
483,111
7,436,845
274,364
3.7%
7,574
7,574
Regional Malls
Inventory
Direct Vacant
%Vacant
2Q Absorption
YTD Absorption
Power Centers (250K+ sf)
Inventory
13,192,494
Direct Vacant
754,267
%Vacant
5.7%
Average Rent
$22.61
2Q Absorption
102,095
YTD Absorption
118,417
12,606,799
1,183,752
9.4%
$21.44
(7,194)
(9,602)
Power Centers
Inventory
Direct Vacant
%Vacant
Average Rent
2Q Absorption
YTD Absorption
Community Centers (100K-249K sf)
Inventory
6,577,529
Direct Vacant
432,327
%Vacant
6.6%
Average Rent
$16.94
2Q Absorption
(43,067)
YTD Absorption
(3,632)
6,539,359
427,253
6.5%
$14.70
64,897
162,632
Neighborhood Centers (30K-99K sf)
Inventory
18,560,810
Direct Vacant
2,211,383
%Vacant
11.9%
Average Rent
$13.98
2Q Absorption
2,633
YTD Absorption
126,770
18,188,011
2,501,085
13.8%
$13.62
4,443
84,647
Community Centers
Inventory
Direct Vacant
%Vacant
Average Rent
2Q Absorption
YTD Absorption
Blake M. Bonner
Strip Centers (Less than 30K sf)
Inventory
2,411,705
Direct Vacant
306,189
%Vacant
12.7%
Average Rent
$15.57
2Q Absorption
(2,037)
YTD Absorption
30,195
[email protected]
Analysis by REOC San Antonio based on data provided by Xceligent and approved by the San Antonio Retail Advisory Board.
Statistical information is calculated on multi-tenant centers totaling 20,000 sf and larger (including both leaseable and separately owned inline space).
Rental rates reflect non-weighted strict average asking rates quoted on an annual triple net basis (excluding regional malls).
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
210 524 4000
2,392,509
335,522
14.0%
$14.39
(3,758)
(14,772)
Strip Centers
Inventory
Direct Vacant
%Vacant
Average Rent
2Q Absorption
YTD Absorption
2Q 2015
174,002
12,078
6.9%
$19.48
0
7,387
190,602
36,065
18.9%
$19.45
(1,290)
(1,290)
Strip Centers
Inventory
Direct Vacant
%Vacant
Average Rent
2Q Absorption
YTD Absorption
2,237,703
294,111
13.1%
$15.36
(2,037)
22,808
2,201,907
299,457
13.6%
$14.03
(2,468)
(13,482)
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Demographics: 1-Mile
Demographic and Income Profile
Potranco Place
Potranco Rd, San Antonio, Texas, 78253
Ring: 1 mile radius
Summary
Prepared by Esri
Latitude: 29.42309
Longitude: -98.75784
Census 2010
2016
2021
2,914
5,012
12,823
Households
886
1,494
3,844
Families
700
1,181
3,032
3.24
3.33
3.33
686
1,168
2,970
Population
Average Household Size
Owner Occupied Housing Units
Renter Occupied Housing Units
200
326
874
33.8
35.0
36.1
Area
20.67%
20.81%
20.75%
20.52%
0.48%
State
1.63%
1.58%
1.52%
1.52%
1.86%
National
0.84%
0.79%
0.72%
0.73%
1.86%
2021
Median Age
Trends: 2016 - 2021 Annual Rate
Population
Households
Families
Owner HHs
Median Household Income
2016
Households by Income
Number
Percent
Number
<$15,000
46
3.1%
111
2.9%
$15,000 - $24,999
43
2.9%
106
2.8%
$25,000 - $34,999
76
5.1%
197
5.1%
$35,000 - $49,999
109
7.3%
229
6.0%
$50,000 - $74,999
178
11.9%
391
10.2%
$75,000 - $99,999
280
18.7%
676
17.6%
$100,000 - $149,999
559
37.4%
1,623
42.2%
$150,000 - $199,999
152
10.2%
388
10.1%
51
3.4%
126
3.3%
$200,000+
Median Household Income
Average Household Income
$100,611
$101,300
Per Capita Income
Population by Age
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
$103,040
$106,138
$33,167
Census 2010
C. Michael Morse
Percent
$34,898
2016
2021
Number
Percent
Number
Percent
Number
0-4
254
8.7%
421
8.4%
1,033
Percent
8.1%
5-9
259
8.9%
419
8.4%
1,054
8.2%
10 - 14
234
8.0%
425
8.5%
950
7.4%
15 - 19
192
6.6%
313
6.2%
796
6.2%
20 - 24
132
4.5%
258
5.1%
532
4.1%
25 - 34
445
15.3%
665
13.3%
1,788
13.9%
35 - 44
461
15.8%
822
16.4%
2,132
16.6%
45 - 54
322
11.0%
571
11.4%
1,445
11.3%
55 - 64
220
7.5%
428
8.5%
1,106
8.6%
65 - 74
131
4.5%
266
5.3%
919
7.2%
75 - 84
139
4.8%
228
4.6%
617
4.8%
126
4.3%
194
3.9%
452
3.5%
Number
Percent
Number
Percent
Number
Percent
White Alone
2,234
76.7%
3,762
75.1%
9,520
74.2%
Black Alone
246
8.4%
447
8.9%
1,155
9.0%
American Indian Alone
15
0.5%
26
0.5%
67
0.5%
Asian Alone
88
3.0%
161
3.2%
454
3.5%
85+
Census 2010
Race and Ethnicity
Pacific Islander Alone
2016
2021
10
0.3%
21
0.4%
58
0.5%
Some Other Race Alone
204
7.0%
376
7.5%
992
7.7%
Two or More Races
117
4.0%
219
4.4%
577
4.5%
1,292
44.3%
2,402
47.9%
6,413
50.0%
Hispanic Origin (Any Race)
Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
July 28, 2016
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Demographics: 3-Mile
Demographic and Income Profile
Potranco Place
Potranco Rd, San Antonio, Texas, 78253
Ring: 3 mile radius
Summary
Prepared by Esri
Latitude: 29.42309
Longitude: -98.75784
Census 2010
2016
2021
23,693
35,395
53,791
Households
7,363
10,923
16,784
Families
6,139
8,876
13,496
Population
Average Household Size
3.21
3.23
3.20
Owner Occupied Housing Units
5,982
8,595
12,836
Renter Occupied Housing Units
1,381
2,328
3,948
30.9
32.6
33.7
Area
State
National
Population
Households
Families
8.73%
8.97%
8.74%
1.63%
1.58%
1.52%
0.84%
0.79%
0.72%
Owner HHs
Median Household Income
8.35%
1.64%
1.52%
1.86%
0.73%
1.86%
Median Age
Trends: 2016 - 2021 Annual Rate
2016
Households by Income
Percent
Number
Percent
<$15,000
474
4.3%
657
3.9%
$15,000 - $24,999
413
3.8%
603
3.6%
$25,000 - $34,999
596
5.5%
973
5.8%
$35,000 - $49,999
1,140
10.4%
1,378
8.2%
$50,000 - $74,999
2,090
19.1%
2,649
15.8%
$75,000 - $99,999
2,135
19.5%
3,367
20.1%
$100,000 - $149,999
3,031
27.7%
5,404
32.2%
$150,000 - $199,999
748
6.8%
1,272
7.6%
$200,000+
297
2.7%
480
2.9%
Median Household Income
Average Household Income
$81,880
$89,304
Per Capita Income
Population by Age
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
$88,797
$96,033
$28,124
Census 2010
C. Michael Morse
2021
Number
$30,787
2016
2021
Number
Percent
Number
Percent
Number
Percent
0-4
2,147
9.1%
3,083
8.7%
4,581
8.5%
5-9
2,295
9.7%
3,010
8.5%
4,479
8.3%
10 - 14
2,204
9.3%
3,039
8.6%
4,142
7.7%
15 - 19
1,839
7.8%
2,493
7.0%
3,580
6.7%
20 - 24
1,191
5.0%
2,187
6.2%
2,726
5.1%
25 - 34
3,955
16.7%
5,228
14.8%
8,605
16.0%
35 - 44
3,998
16.9%
5,819
16.4%
8,796
16.4%
45 - 54
2,906
12.3%
4,444
12.6%
6,011
11.2%
55 - 64
1,639
6.9%
2,944
8.3%
4,641
8.6%
65 - 74
807
3.4%
1,704
4.8%
3,241
6.0%
75 - 84
454
1.9%
911
2.6%
1,851
3.4%
259
1.1%
534
1.5%
1,136
2.1%
Number
Percent
Number
Percent
Number
Percent
White Alone
17,251
72.8%
25,103
70.9%
38,079
70.8%
Black Alone
2,440
10.3%
3,772
10.7%
5,624
10.5%
American Indian Alone
177
0.7%
280
0.8%
405
0.8%
Asian Alone
711
3.0%
1,170
3.3%
1,985
3.7%
85+
Census 2010
Race and Ethnicity
Pacific Islander Alone
2016
2021
55
0.2%
87
0.2%
159
0.3%
Some Other Race Alone
1,925
8.1%
3,159
8.9%
4,752
8.8%
Two or More Races
1,134
4.8%
1,825
5.2%
2,786
5.2%
11,200
47.3%
17,601
49.7%
27,521
51.2%
Hispanic Origin (Any Race)
Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
July 28, 2016
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Demographics: 5-Mile
Demographic and Income Profile
Potranco Place
Potranco Rd, San Antonio, Texas, 78253
Ring: 5 mile radius
Summary
Prepared by Esri
Latitude: 29.42309
Longitude: -98.75784
Census 2010
2016
2021
Population
79,789
107,625
139,183
Households
24,781
33,442
43,890
Families
19,950
26,666
34,736
3.13
3.15
3.12
Owner Occupied Housing Units
19,275
25,438
32,808
Renter Occupied Housing Units
5,506
8,004
11,082
30.6
32.1
32.6
Area
5.28%
5.59%
5.43%
5.22%
2.08%
State
1.63%
1.58%
1.52%
1.52%
1.86%
National
0.84%
0.79%
0.72%
0.73%
1.86%
2021
Average Household Size
Median Age
Trends: 2016 - 2021 Annual Rate
Population
Households
Families
Owner HHs
Median Household Income
2016
Households by Income
Number
Percent
Number
<$15,000
1,659
5.0%
2,056
4.7%
$15,000 - $24,999
1,667
5.0%
2,129
4.9%
$25,000 - $34,999
2,461
7.4%
3,473
7.9%
$35,000 - $49,999
4,149
12.4%
4,049
9.2%
$50,000 - $74,999
7,697
23.0%
8,491
19.3%
$75,000 - $99,999
6,390
19.1%
9,116
20.8%
$100,000 - $149,999
6,517
19.5%
10,343
23.6%
$150,000 - $199,999
1,901
5.7%
2,845
6.5%
$200,000+
1,001
3.0%
1,388
3.2%
Median Household Income
Average Household Income
Per Capita Income
$70,821
$82,404
$26,028
Census 2010
Population by Age
C. Michael Morse
Vice President,
Brokerage Services
Direct Line 210 524 1312
[email protected]
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Percent
$78,481
$89,233
$28,481
2016
2021
Number
Percent
Number
Percent
Number
Percent
0-4
7,128
8.9%
9,325
8.7%
12,054
8.7%
5-9
7,311
9.2%
9,051
8.4%
11,707
8.4%
10 - 14
6,937
8.7%
8,961
8.3%
11,076
8.0%
15 - 19
6,039
7.6%
7,431
6.9%
9,449
6.8%
20 - 24
4,713
5.9%
6,989
6.5%
7,710
5.5%
25 - 34
14,324
18.0%
17,557
16.3%
23,639
17.0%
35 - 44
12,596
15.8%
17,212
16.0%
22,690
16.3%
45 - 54
9,740
12.2%
12,991
12.1%
15,225
10.9%
55 - 64
6,077
7.6%
9,284
8.6%
11,682
8.4%
65 - 74
3,014
3.8%
5,471
5.1%
8,087
5.8%
75 - 84
1,377
1.7%
2,350
2.2%
3,962
2.8%
534
0.7%
1,003
0.9%
1,903
1.4%
Number
Percent
Number
Percent
Number
White Alone
56,656
71.0%
75,024
69.7%
96,776
69.5%
Black Alone
7,488
9.4%
10,604
9.9%
13,923
10.0%
85+
Census 2010
Race and Ethnicity
American Indian Alone
Asian Alone
Pacific Islander Alone
2016
2021
Percent
651
0.8%
880
0.8%
1,114
0.8%
2,128
2.7%
3,286
3.1%
4,820
3.5%
159
0.2%
228
0.2%
335
0.2%
Some Other Race Alone
9,159
11.5%
12,536
11.6%
15,518
11.1%
Two or More Races
3,547
4.4%
5,068
4.7%
6,697
4.8%
45,513
57.0%
62,077
57.7%
80,796
58.1%
Hispanic Origin (Any Race)
Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
July 28, 2016
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:
11-2-2015
• 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 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 instructions 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 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.
Email
[email protected]
N/A
N/A
Email
N/A
Phone
(210)524-4000
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.
493853
License No.
Phone
REOC General Partner, LLC
Licensed Broker/Broker Firm Name or
Primary Assumed Business Name
License No.
Email
(210)524-4000
Email
Phone
N/A
Phone
IABS Form - Br
IABS 1-0
Information available at www.trec.texas.gov
Date
(210)524-4000
License No.
[email protected]
[email protected]
Designated Broker of Firm
629643
Christopher Michael Morse
405243
Licensed Supervisor of Sales Agent/
Associate
License No.
Brian Dale Harris
Sales Agent/Associate's Name
Buyer/Tenant/Seller/Landlord Initials
Regulated by the Texas Real Estate Commission
TAR 2501
REOC San Antonio 1826 N. Loop 1604 W. Suite 250 San Antonio, TX 78248
Phone: 2105244000
Fax:2105244029
Blake Bonner
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