Callaghan Tower - REOC San Antonio

Transcription

Callaghan Tower
Office for Lease
8023 Vantage, San Antonio, Texas 78230
$2M+ in Capital Improvements Completed
Brian D. Harris, CCIM
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Senior Vice President
Direct Line 210 524 1314
[email protected]
Todd A. Gold, CCIM
President, Managing Partner
[email protected]
210 524 4000
8023 Vantage Dr, Suite 1200
San Antonio TX 78230
reocsanantonio.com
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Table of Contents
SECTION 1
Maps
SECTION 2
Photos
SECTION 3
Property Summary
SECTION 4
Benefits
SECTION 5
Capital Improvements
SECTION 6
Quote Sheet
SECTION 7
San Antonio Overview
SECTION 8
Office Market Snapshot
SECTION 9
TREC Agency Disclosure
[email protected]
Todd A. Gold, CCIM
[email protected]
210 524 4000
© 2015 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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Todd A. Gold, CCIM
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210 524 4000
City Location Map
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Todd A. Gold, CCIM
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210 524 4000
Area Location Map
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210 524 4000
Aerial Map
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Aerial Map
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Site Aerial
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Vehicular Circulation - Ingress
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Vehicular Circulation - Egress
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Vehicular Circulation - Site
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Oblique Aerial Photo
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Todd A. Gold, CCIM
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210 524 4000
Photos
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Todd A. Gold, CCIM
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210 524 4000
Photos
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Todd A. Gold, CCIM
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210 524 4000
Photos
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Todd A. Gold, CCIM
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210 524 4000
Photos
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Benefits
Property Highlights
New 28 person shared-tenant conference facility and one
smaller conference room available to tenants
Drive Time Highlights
South Texas Medical Center - 1.7 miles (5 minute drive)

Downtown San Antonio - 7.7 miles (10 minute drive)

One of the city’s premier office properties

The Shops at La Cantera - 8 miles (14 minute drive)

Panoramic cityscape and hill country views

The Quarry Market - 6.5 miles (12 minute drive)

Full service cafe

Westover Hills - 16 miles (22 minute drive)

Located minutes from downtown and the airport

Eight level parking garage

On-site management
Corporate Users Nearby
USAA Corporation

24-hour on-site Courtesy Patrol & CCTV

Valero

Variety of space options

NuStar

Located in the dynamic northwest office market

KB Homes

Over 50 restaurants within two miles

South Texas Medical Center

Over 30 hotels within two miles including the Omni Hotel and
the Drury Inn & Suites

NSA Facility
[email protected]
Todd A. Gold, CCIM
[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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Capital Improvements
Multi-million dollar capital improvement project completed!
$2.3 Million Completed Improvement Projects
[email protected]
Todd A. Gold, CCIM
[email protected]
210 524 4000
Elevator Modernization $1,350,000
New Cooling Towers & Chiller
$566,400
Remodel Restrooms
$60,000
Lighting Retrofit throughout
$138,500
Waterproofing Balconies
$59,600
Upgrade Energy Management System
$33,000
New Illuminated Pylon Sign
$27,000
New Card Access System
$15,300
Touch Screen Directory
$12,000
New Lobby Furniture
$4,000
Remodel Concierge Station
$3,900
Additional Repairs & Improvements
$35,500
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Quote Sheet
Square Footage
Available
Largest Available Area
Largest Contiguous Area
Smallest Available Space
Smallest Divisible Area
Typical Floor (Approx.)
81,409
54,009
1,071
1,071
12,000
Base Rental
$14.50 per rentable square foot, Triple Net (with $0.50 annual increases)
(Note: All above figures in Rentable Square Feet)
(Note: Actual Base Rental under any proposed lease is a function of the relationship of expense and income characteristics, the credit
worthiness of tenant, condition of space leased, term of lease and other factors deemed important by the Landlord)
First Month’s Rental
Due upon execution of lease document by Tenant
Triple Net
Estimated at $8.17 per rentable square foot annually (at full occupancy)
Add-On Factor
18.50%
Term
Five (5) to ten (10) years
Improvements
Negotiable
Architectural
Deposit
All architectural services to be charged against the Improvement Allowance
Equal to one (1) month’s Base Rental (typical)
Financial Information Required prior to submission of lease document by Landlord
Parking
1:285 per rentable square foot parking ratio (All structured parking)
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.
[email protected]
Todd A. Gold, CCIM
[email protected]
210 524 4000
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.
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.
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
Houston
200 miles
Major Industries
55%
Hospitality/Tourism
Hospitality
& Tourism
Hispanic Origin (Any Race)
Non-Hispanic
Military
Military
[email protected]
Corpus
Laredo/
Christi
Nvo. Laredo 145 miles
150 miles
Real Estate
& Construction
Real Estate
& Construction
Mexico City
900 miles
Health&
Care
& Bioscience
Health Care
Bioscience
Manufacturing
Manufacturing
Todd A. Gold, CCIM
[email protected]
210 524 4000
Fortune 500 Companies
Rankings
SAT
US
Finance
Finance
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
REOC
Antonio Office
San San
Antonio
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First Quarter 2016
Citywide
[email protected]
Todd A. Gold, CCIM
[email protected]
210 524 4000
Report
Office
Market Snapshot - 1Q 2016
First Quarter 2016
San Antonio Office Report
All Classes
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
1Q 2016
1Q 2015
30,269,523
5,450,920
18.0%
$22.08
234,545
234,545
Class A Space
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
Central Business District
1Q 2016
29,162,340
5,093,070
17.5%
$20.07
371,200
371,200
All Classes
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
5,863,137
1,541,977
26.3%
$21.81
70,394
70,394
10,981,747
1,510,147
13.8%
$26.80
121,006
121,006
10,254,459
975,049
9.5%
$25.93
275,019
275,019
Class A Space
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
Class B Space
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
15,893,316
3,117,936
19.6%
$20.19
117,700
117,700
15,614,826
3,273,477
21.0%
$20.16
90,307
90,307
Class C Space
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
3,394,460
822,837
24.2%
$16.66
(4,161)
(4,161)
3,293,055
844,544
25.6%
$14.94
5,874
5,874
1Q 2015
Suburban (Non-CBD)
1Q 2016
1Q 2015
5,758,373
1,510,685
26.2%
$19.76
41,968
41,968
All Classes
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
24,406,386
3,908,943
16.0%
$22.16
164,151
164,151
23,403,967
3,582,385
15.3%
$20.11
329,232
329,232
2,002,381
249,874
12.5%
$28.11
13,820
13,820
1,993,057
149,421
7.5%
$25.15
11,209
11,209
Class A Space
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
8,979,366
1,260,273
14.0%
$26.23
107,186
107,186
8,261,402
825,628
10.0%
$26.05
263,810
263,810
Class B Space
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
2,884,113
952,125
33.0%
$21.69
51,345
51,345
2,791,093
1,003,443
36.0%
$19.05
34,158
34,158
Class B Space
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
13,009,203
2,165,811
16.6%
$20.25
66,355
66,355
12,823,733
2,270,034
17.7%
$20.32
56,149
56,149
Class C Space
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
976,643
339,978
34.8%
$16.79
5,229
5,229
974,223
357,821
36.7%
$16.75
(3,399)
(3,399)
Class C Space
Inventory
Direct Vacant
%Vacant
Average Rent
1Q Absorption
YTD Absorption
2,417,817
482,859
20.0%
$16.54
(9,390)
(9,390)
2,318,832
486,723
21.0%
$14.76
9,273
9,273
Analysis by REOC San Antonio based on data provided by Xceligent and approved by the San Antonio Office Advisory Board.
Statistical Information is calculated for multi-tenant office bldgs 20,000 sf and larger (excluding Single-Tenant, Owner-Occupied, Gov't and Medical Buildings).
Rental rates reflect non-weighted strict average asking rental rates quoted on an annual full-service basis. Rents quoted on a non-full-service basis (such as NNN)
have been calculated up to reflect the full-service rate.
8023 Vantage Dr., Suite 1200
San Antonio, TX 78230
P 210 524 4000 I F 210 524 4029
Kimberly S. Gatley
Sr. Vice President & Director of Research
[email protected]
www.reocsanantonioblog.com
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
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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
405243
Brian Dale Harris
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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