Northtown teaser
2925,2939,2947,2955 Northtown Lane Purchase of Income-Producing Residential Property
2925 Northtown Lane
2939 Northtown Lane
2947 Northtown Lane
2955 Northtown Lane
Offering Summary Offering Price: Price Per Unit: Price Per S.F.:
Marketing Pro-Forma $338,000.00 $59,625.00 $40.94
Property Summary Address: Year Built: Number of Units: Net Rentable S.F.: Average Unit Size: Buildings: Land Area/Density:
2925, 2939, 2947, 2955 Northtown Lane, Bryan, TX 77808 1996, unknown, unknown, unknown 4 ~5,825 SF (per BCAD) ~1,456 SF (per BCAD) 3-2 manufactured home 5-3 wood frame home 4-2 wood frame home 2-1 wood frame home ~15.02 AC (per BCAD)
Marketing Pro-Forma Key Operating Ratios Average Occupancy: Average Monthly Rent Per Occ Area: Average Monthly Rent Per Occ Unit:
100% 0.13 737.50
Real Estate Taxes Tax Jurisdiction BISD Emergency Services Brazos County
Google Maps
2008 Taxes 1.290000 0.028671 0.480000 1.798671
Potential Gross Revenue Potential Market Rent Loss to Lease
35,400 3,540
Potential Rental Revenue
31,860
Scheduled Base Rental Revenue
31,860
Total Potential Gross Revenue General Vacancy Collection Loss
31,860 (2,230) (637)
Effective Gross Revenue
28,993
Operating Expenses Taxes Management Fees
4,094 2,548
Total Operating Expenses
6,642
Net Operating Income
25,218
Leasing & Capital Costs Make Ready Costs Leasing Costs
400 738
Total Leasing & Capital Costs
1,138
Cash Flow Before Debt Service & Taxes
$24,080
Disclaimer
http://maps.google.com/maps?hl=en&ie=UTF8&ll=30.72103,-96.3841...
Broker and Owner make no warranty or representation to the accuracy of the information contained herein. Buyer should conduct his or her own due diligence to verify this information. The Pro-Forma provided herein is for marketing purposes only and should not be used in determining profitability of future performance.
Investment Disclaimer Site
•
We obtained the information above from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent your current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
Site
Bryan Athletic Complex
Tabor Road Pavilion
Robert Young
Director of Commercial Leasing Senior Broker Associate The Oldham Goodwin Group, LLC p 979.268.2000 f 979.846.7020 c 979.324.1717 [email protected]
809 University Drive East, Suite 101A | College Station, TX | 77840 Phone: 979.268.2000 | Fax: 979.846.7020 www.OldhamGoodwin.com
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 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 representing 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 broker. 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 information 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 represent 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 underlined 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; 3) may not disclose that the buyer will pay a price greater than the price submitted in a wirtten 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 the 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.
We obtained the information contained herein from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performace of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
Confidentiality Agreement _______________________, 200__
Attn: Robert Young The Oldham Goodwin Group, LLC Fax: 979.846.7020
Re: Confidentiality Agreement regarding the purchase of 2925, 2939, 2947, 2955 Northtown Lane, Bryan, TX 77808 by ___________________________________________________________. In connection with our interest in the purchase of the property known as 2925, 2939, 2947, 2955 Northtown Lane, Bryan, TX 77808 (the “Property”), you are furnishing me or my representatives with certain information, which is either non-public, confidential, or proprietary in nature. This information furnished to me or my representatives, together with analyses, compilations, forecasts, studies or other documents prepared by me, my agents, representatives (including attorneys, accountants and financial advisors) or employees which contain or otherwise reflect such information or my review of, or interest in, the Property, is hereinafter referred to as the “Information.” In consideration of your furnishing us with the Information, we agree that: 1. The Information will be kept confidential and shall not, without your prior written consent be disclosed by me, or by my agents, representatives or employees, in any manner whatsoever, in whole or in part, and shall not be used by me, my agents, representatives or employees, other than in connection with the transaction described above. Moreover, I agree to reveal the information only to my agents, representatives and employees who need to know the information for the purpose of evaluating the transaction described above, who are informed by me of the confidential nature of the Information and who shall agree to act in accordance with the terms and conditions of this Agreement. I shall be responsible for any breach of this Agreement by my agents, representatives or employees. 2. Without your prior written consent, except as required by law (such requirements to be confirmed by a written legal opinion of my counsel), I and my agents, representatives and employees will not disclose to any person the fact that the Information has been made available, that discussions or negotiations are taking place or have taken place concerning a possible transaction involving me and the Property, or any of the terms, conditions or other facts with respect to any such possible transaction, including the status thereof. 3. I shall keep a record of the written Information furnished to me and of the location of such Information, a copy of which record will be made available to you. All copies of the Information, except for that portion of the Information which consists of analyses, compilations, forecasts, studies or other documents prepared by me, my agents, representatives or employees, will be returned to you immediately upon your request. That portion of the Information which consists of analyses, compilations, forecasts, studies or other documents prepared by me, my agents, representatives or employees, will be held by me and kept confidential subject to the terms of this Agreement, or destroyed upon your request, and any oral Information will continue to be subject to the terms of this Agreement. 4. The term “Information” shall not include such portions of the Information which (i) are or become generally available to the public other than as a result of a disclosure by me, my agents, representatives or employees, or (ii) become available to me on a non-confidential basis from a source other than you or your agents which is not prohibited from disclosing such Information to me by a legal, contractual of fiduciary obligation to you. 5. I acknowledge that neither you nor any of your affiliates makes any express or implied representation or warranty as to the accuracy or completeness of the Information, and each of you and your affiliates expressly disclaims any and all liability that may be based on the Information, errors therein or omissions therefrom. I agree that I am not entitled to rely on the accuracy or completeness of the Information and that I shall be entitled to rely solely on the representations and warranties made to me by you in any final purchase agreement regarding an acquisition.
We obtained the information contained herein from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performace of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
6. In the event that I or anyone to whom I transmit the Information pursuant to this Agreement becomes legally compelled to disclose any of the Information, I will provide you with prompt notice so that you may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of this Agreement. In the event that such protective order or other remedy is not obtained, or that you waive compliance with the provisions of this Agreement, I will furnish only that portion of the Information which I am advised by written opinion of my counsel and will exercise my best efforts to obtain reliable assurance that confidential treatment will be accorded the Information. 7. I acknowledge that remedies at law may be inadequate to protect against breach of this Agreement, and I hereby in advance agree to the granting of injunctive relief in your favor without proof of actual damages. 8. This Agreement is made pursuant to, will be construed under, and will be conclusively deemed for all purposes to have been executed and delivered under the laws of the State of Texas. The appropriate state courts located in Brazos County, Bryan, Texas shall have exclusive jurisdiction over all matters arising under this Agreement and will be the proper forums in which to adjudicate such matters.
The foregoing correctly sets forth my understanding, and I am indicating by signing and returning to The Oldham Goodwin Group, LLC a copy of this agreement.
Agreed and accepted this _____ day of _______________, 20__.
_______________________________ (Prospective Buyer or Agent/Attorney) Please sign and fax back to The Oldham Goodwin Group, LLC at 979.846.7020. Upon receipt, we will forward you a copy of the complete digital offering memorandum for your further consideration.
We obtained the information contained herein from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performace of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
2925 Northtown Lane
2939 Northtown Lane
2947 Northtown Lane
2955 Northtown Lane
Offering Summary Offering Price: Price Per Unit: Price Per S.F.:
Marketing Pro-Forma $338,000.00 $59,625.00 $40.94
Property Summary Address: Year Built: Number of Units: Net Rentable S.F.: Average Unit Size: Buildings: Land Area/Density:
2925, 2939, 2947, 2955 Northtown Lane, Bryan, TX 77808 1996, unknown, unknown, unknown 4 ~5,825 SF (per BCAD) ~1,456 SF (per BCAD) 3-2 manufactured home 5-3 wood frame home 4-2 wood frame home 2-1 wood frame home ~15.02 AC (per BCAD)
Marketing Pro-Forma Key Operating Ratios Average Occupancy: Average Monthly Rent Per Occ Area: Average Monthly Rent Per Occ Unit:
100% 0.13 737.50
Real Estate Taxes Tax Jurisdiction BISD Emergency Services Brazos County
Google Maps
2008 Taxes 1.290000 0.028671 0.480000 1.798671
Potential Gross Revenue Potential Market Rent Loss to Lease
35,400 3,540
Potential Rental Revenue
31,860
Scheduled Base Rental Revenue
31,860
Total Potential Gross Revenue General Vacancy Collection Loss
31,860 (2,230) (637)
Effective Gross Revenue
28,993
Operating Expenses Taxes Management Fees
4,094 2,548
Total Operating Expenses
6,642
Net Operating Income
25,218
Leasing & Capital Costs Make Ready Costs Leasing Costs
400 738
Total Leasing & Capital Costs
1,138
Cash Flow Before Debt Service & Taxes
$24,080
Disclaimer
http://maps.google.com/maps?hl=en&ie=UTF8&ll=30.72103,-96.3841...
Broker and Owner make no warranty or representation to the accuracy of the information contained herein. Buyer should conduct his or her own due diligence to verify this information. The Pro-Forma provided herein is for marketing purposes only and should not be used in determining profitability of future performance.
Investment Disclaimer Site
•
We obtained the information above from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent your current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
Site
Bryan Athletic Complex
Tabor Road Pavilion
Robert Young
Director of Commercial Leasing Senior Broker Associate The Oldham Goodwin Group, LLC p 979.268.2000 f 979.846.7020 c 979.324.1717 [email protected]
809 University Drive East, Suite 101A | College Station, TX | 77840 Phone: 979.268.2000 | Fax: 979.846.7020 www.OldhamGoodwin.com
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 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 representing 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 broker. 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 information 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 represent 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 underlined 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; 3) may not disclose that the buyer will pay a price greater than the price submitted in a wirtten 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 the 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.
We obtained the information contained herein from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performace of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
Confidentiality Agreement _______________________, 200__
Attn: Robert Young The Oldham Goodwin Group, LLC Fax: 979.846.7020
Re: Confidentiality Agreement regarding the purchase of 2925, 2939, 2947, 2955 Northtown Lane, Bryan, TX 77808 by ___________________________________________________________. In connection with our interest in the purchase of the property known as 2925, 2939, 2947, 2955 Northtown Lane, Bryan, TX 77808 (the “Property”), you are furnishing me or my representatives with certain information, which is either non-public, confidential, or proprietary in nature. This information furnished to me or my representatives, together with analyses, compilations, forecasts, studies or other documents prepared by me, my agents, representatives (including attorneys, accountants and financial advisors) or employees which contain or otherwise reflect such information or my review of, or interest in, the Property, is hereinafter referred to as the “Information.” In consideration of your furnishing us with the Information, we agree that: 1. The Information will be kept confidential and shall not, without your prior written consent be disclosed by me, or by my agents, representatives or employees, in any manner whatsoever, in whole or in part, and shall not be used by me, my agents, representatives or employees, other than in connection with the transaction described above. Moreover, I agree to reveal the information only to my agents, representatives and employees who need to know the information for the purpose of evaluating the transaction described above, who are informed by me of the confidential nature of the Information and who shall agree to act in accordance with the terms and conditions of this Agreement. I shall be responsible for any breach of this Agreement by my agents, representatives or employees. 2. Without your prior written consent, except as required by law (such requirements to be confirmed by a written legal opinion of my counsel), I and my agents, representatives and employees will not disclose to any person the fact that the Information has been made available, that discussions or negotiations are taking place or have taken place concerning a possible transaction involving me and the Property, or any of the terms, conditions or other facts with respect to any such possible transaction, including the status thereof. 3. I shall keep a record of the written Information furnished to me and of the location of such Information, a copy of which record will be made available to you. All copies of the Information, except for that portion of the Information which consists of analyses, compilations, forecasts, studies or other documents prepared by me, my agents, representatives or employees, will be returned to you immediately upon your request. That portion of the Information which consists of analyses, compilations, forecasts, studies or other documents prepared by me, my agents, representatives or employees, will be held by me and kept confidential subject to the terms of this Agreement, or destroyed upon your request, and any oral Information will continue to be subject to the terms of this Agreement. 4. The term “Information” shall not include such portions of the Information which (i) are or become generally available to the public other than as a result of a disclosure by me, my agents, representatives or employees, or (ii) become available to me on a non-confidential basis from a source other than you or your agents which is not prohibited from disclosing such Information to me by a legal, contractual of fiduciary obligation to you. 5. I acknowledge that neither you nor any of your affiliates makes any express or implied representation or warranty as to the accuracy or completeness of the Information, and each of you and your affiliates expressly disclaims any and all liability that may be based on the Information, errors therein or omissions therefrom. I agree that I am not entitled to rely on the accuracy or completeness of the Information and that I shall be entitled to rely solely on the representations and warranties made to me by you in any final purchase agreement regarding an acquisition.
We obtained the information contained herein from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performace of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
6. In the event that I or anyone to whom I transmit the Information pursuant to this Agreement becomes legally compelled to disclose any of the Information, I will provide you with prompt notice so that you may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of this Agreement. In the event that such protective order or other remedy is not obtained, or that you waive compliance with the provisions of this Agreement, I will furnish only that portion of the Information which I am advised by written opinion of my counsel and will exercise my best efforts to obtain reliable assurance that confidential treatment will be accorded the Information. 7. I acknowledge that remedies at law may be inadequate to protect against breach of this Agreement, and I hereby in advance agree to the granting of injunctive relief in your favor without proof of actual damages. 8. This Agreement is made pursuant to, will be construed under, and will be conclusively deemed for all purposes to have been executed and delivered under the laws of the State of Texas. The appropriate state courts located in Brazos County, Bryan, Texas shall have exclusive jurisdiction over all matters arising under this Agreement and will be the proper forums in which to adjudicate such matters.
The foregoing correctly sets forth my understanding, and I am indicating by signing and returning to The Oldham Goodwin Group, LLC a copy of this agreement.
Agreed and accepted this _____ day of _______________, 20__.
_______________________________ (Prospective Buyer or Agent/Attorney) Please sign and fax back to The Oldham Goodwin Group, LLC at 979.846.7020. Upon receipt, we will forward you a copy of the complete digital offering memorandum for your further consideration.
We obtained the information contained herein from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performace of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
