PRICE REDUCED to $349,604!

Coldwell Banker Commercial Southwest Partners (“CBC”) Land Development Division is proud to represent the Braun Road Site in San Antonio in the 78254 zip, a sub market with tremendous demographic and econometric advantages. 10.749 total acres. Netting easements and other factors, we estimate 4.364 net usable acres.

78254 zip code key indicators: (a) 3.5% annual new housing growth; (b) 3.9% annual % population growth; and (c) 9.5% annual economic growth.

Pricing, 80% financing and seller joint venture options, 1,043.73’ net usable Braun frontage, 16,500+ estimated daily traffic, 4 minutes to two Loop 1604 North interchanges, immediate area market conditions and 7% buyer broker commission combined make this an unprecedented opportunity.

 

HIGHLIGHTS

(1) Best combination of pricing, frontage, financing and JV alternatives and buyer broker compensation package in the San Antonio market.

(2) In comparison to San Antonio, Bexar County and Texas, the 78254 zip has: (a) Highest % owner occupied homes; (b) Lowest vacancy rates; and (c) Lowest % tenant occupied residences.

(3) At a one-mile, top 3 opportunities to meet unmet local retail demand avg. $25M+, top 5 avg. $18M+ and top 10 avg. $10M+.

(4) Stunning demographics at a 1-mile radius compared to San Antonio: (a) 84% higher % population growth; (b) 47% higher household after tax income; (c) 51% higher household income; and (d) 241% higher % families with $100K annual income.

(5) Outstanding Central Texas access: 43 mi. to New Braunfels, 89 mi. to Austin, 161 mi. to Laredo and 165 mi. to Corpus Christi.

(6) Unmet $900M GAFO demand in San Antonio compared to excess supply in Houston of $ $900M and $800M+ in Austin.

(7) In the resilient San Antonio CBSA with a $46B+ economy, 3rd quarter 2008 loss of only 365 jobs, 6.3% annual economic growth and 2% population growth.

CONTACT INFORMATION

Call 979.421.9996 to contact any member of the listing team to set up an appointment, request additional information or answer any questions.

7% BUYER BROKER COMMISSION

7% buyer broker commission is payable on this property.

A buyer broker MUST be disclosed with the buyer’s first communication with CBC for the buyer broker to be eligible for the 7% buyer broker commission.

A buyer broker does NOT have to accompany their buyer to any showings of the property.

FINANCING AND JOINT VENTURE ALTERNATIVES

The financial flexibility provided by the owner on this property make this offering competitive with all known commercial and/or multi-family development alternatives in Texas.

Depending on qualifications, terms, business plan, organizational structure, tax and other factors:

(1) 100% financing may be achieved through a combination of a traditional first and subordinated owner loans.

(2) Owner financing of a first lien with 80% financing with a %279,683.20 loan at 6% intrest with a 5 year balloon on a 20 year amoritization schedule.

(3) Joint venture with the seller contributing significant equity through a sale transaction.

PROPERTY

(1) Overview. 10.749 total acres. Netting easements and other factors, we estimate 4.364 net usable acres.

(2) Frontage. 1,442.2’ gross frontage on Braun Road. Netting easements and other factors, we estimate 1,043.73’ net usable frontage on Braun Road.

(3) 16,656 estimated average daily traffic. We estimate average daily traffic will reach 20,000 between the 4th quarter of 2014 and the 2nd quarter of 2016.

(4) Topography. Mostly flat at 890’ elevation.

(5) Drainage and flood plain. The 6.385 unusable acres is in a drainage zone. To the best of our knowledge, none of the 4.364 usable acres are in a flood zone.

(6) R 5 zoning. The owner believes it can be efficiently rezoned to “Multi-Family High Density”.

(7) Site plans. Site plan developed for 24 residential lots with a minimum of 4,000 SF. Alternative sample site plan developed for 12 multi-family lots that should support 48 units.

(8) Competitive residential inventory. Within the Braun Road-Bandera Road- West Loop 1604 triangle of 2.5 miles, there are 6 residential listings.

(9) Competitive raw land. Just east of Bandera Road on Biering Lane, is a 1-acre lot with a 1,779 SF home priced at $950,000 offered at lot value of $21.81 per SF (6.6 times higher than this offering of $3.27 per net usable SF.

LOCATION

(1) In the San Antonio CBSA. The San Antonio CBSA represents an economy approaching $50 billion. It is projected to grow at a robust 6.3% per year through 2013. The population is projected to increase by 2.04% per year, over 100% faster than the US.

(2) In the 78254 zip code. This zip code report some of the highest in several key categories of demographic and econometric indicators of all of all geographic markets analyzed for this listing.

(3) Owner occupancy, rental properties and vacancy rates in the 78254 zip. The 78254 zip code presents a compelling location for an astute investor in the current economic environment. The zip has an extraordinary high 92% of housing owner occupied, a very low 5% vacancy rate and only 3% of all housing units tenant occupied.

(4) Easy access to and from Loop 1604 N. It is just 1.8 miles (3 min.) to Loop 1604 North at the Braun Road interchange and 2.5 mi. (4 min.) from the Bandera road interchange.

(5) Excellent proximity to major highways. 7.7 mi. (10 min.) to I 10 at the North Loop 1604 interchange, 8.6 mi. (12 min.) to I 10 and the I 410 West interchange, 11.2 mi. (14 min.) to the I 10 and TX 151 interchange, 18.2 mi. (22 min.) to the I 35 N & I 410 West interchange, 22.9 mi. (29 min.) to the I 10 & I 410 East interchange, 25.3 mi. (26 min.) to the I 35 and North Loop 1604 West, and 28.6 miles (31 minutes) to the I 37 S and I 410 South interchange.

(6) Excellent access to downtown and the airport. 14.2 mi. to the San Antonio International Airport and 16.2 mi. to downtown.

(7) Outstanding Central Texas access. 28 mi. to Boerne, 43 mi. to New Braunfels, 55 mi. to Seguin, 58 mi. to San Marcos, 58 mi. to Kerrville, 63 mi. to Fredericksburg, 77 mi. to Luling, 89 mi. to Austin, 102 mi. to Bastrop, 134 mi. to Victoria, 161 mi. to Laredo and 165 mi. to Corpus Christi.

LINKS

(1) Professional listing:

http://edg199914.local.cbcworldwide.com/cbclistings/4616071.html

 

(2) Lands of America listing:

www.landsofamerica.com/listing/322696

(3) Dedicated website:

http://www.loopnet.com/xNet/mainsite/Flash/Profile.aspx?LID=160520 22

(4) Consumer listing:

http://www.txls.com/detail.asp?PropID=51087

(5) PDF flyer with HTML links:

http://invision3cold.reapplications.com/public/viewFlyer.aspx?ID=6 23064eb-8311-47ee-9a51-63872374334e

(6) Street view:

http://maps.google.com/maps?f=d&saddr=West+Loop+1604+N+%26+Braun+R d,+Bexar,+Texas&daddr=29.531794,-98.652635&hl=en&geocode=&mra=dme&mrcr =0&mrsp=1&sz=15&sll=29.533475,-98.658342&sspn=0.01796,0.038452&ie=UTF8 &ll=29.538403,-98.649738&spn=0.004499,0.019226&z=16&layer=c&cbll=29.53 176,-98.65271&panoid=M_rRYl-boPrTRj8eQ-63IA&cbp=11,24.02659138013877,, 0,9.99835970972533195.127375&spn

TAXES

2008 reported taxes are $2,791.47. We increased 2008 by 10% to estimate 2009 property taxes at $3,070.62. Consult your tax advisor regarding your expected taxes.

DISCLOSURES & COPYRIGHTS

Coldwell Banker Commercial Southwest Partners is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions-stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.