STATE OF TEXAS LEASED OFFICE

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1 STATE OF TEXAS LEASED OFFICE 2124 ALPINE ROAD LONGVIEW, TX Wes Hallmark, CCIM, SIOR Senior Investment Advisor x202 SVN HALLMARK & ASSOCIATES 8008 SLIDE RD., #1, LUBBOCK, TX OFFERING MEMORANDUM

2 Property Summary OFFERING SUMMARY Sale Price: $325,000 Cap Rate: 8.35% NOI: $27,130 Lot Size: Acres Building Size: 4,852 SF Price / SF: $66.98 PROPERTY OVERVIEW Major sectors of the Longview economy include the East Texas Oil Field, services, technology, such as Exponential Networks, and manufacturing. In 2007, Longview added some major chain stores to its north side. The addition of Kohl's, two Starbucks, a new Target, a third Walmart supercenter on the south side, and a handful of hotels means Longview is becoming a regional hub for shopping. Keeping shoppers in Longview and away from Tyler, Dallas, and Shreveport has been an important strategy for the city. Longview was recertified as a Texas Urban Main Street City. There are 89 cities in the Texas Main Street Program, 10 of them are Urban Main Street Cities. In December 2007, Longview was awarded the "Certified Retirement Community" designation by the Texas Department of Agriculture through its "Go Texan" initiative. Longview was also included in 2007 in the "Top 100 Best Cities for Young People." Top 5 Employers of Longview: Ranking - Employer - # of Employees - Type of Business 1 - CHRISTUS Good Shepherd Medical Center - 3,200 - Medical/Hospital Services 2 - Eastman Chemical - 1,492 - Chemical 3 - Longview Independent School District - 1,205 - Public Schools 4 - Walmart - 1,150 - Retail 5 - Joy Global (formerly LeTourneau Inc.) - 1,100 - Heavy Equipment STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 2

3 Financial Summary INVESTMENT OVERVIEW POTENTIAL FINANCIALS Price $325,000 Price per SF $66.98 CAP Rate 8.4% Cash-on-Cash Return (yr 1) 8.35 % Total Return (yr 1) $27,130 OPERATING DATA POTENTIAL FINANCIALS Gross Income $57,470 Operating Expenses $31,269 Net Operating Income $27,130 Pre-Tax Cash Flow $27,130 STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 3

4 Expenses EXPENSE SUMMARY POTENTIAL FINANCIALS PER SF Janitorial $11,483 $2.37 Insurance $3,076 $0.63 Repair & Maintanence $1,671 $0.34 Supplies $396 $0.08 Taxes $5,136 $1.06 Utilities $7,181 $1.48 Other $2,326 $0.48 Gross Expenses $31,269 $6.44 STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 4

5 Rent Roll TENANT NAME UNIT NUMBER UNIT SIZE (SF) LEASE START ANNUAL RENT % OF BUILDING RECOVERY TYPE COMMENTS TWC 4,185 Current $58, Current renewal term through 4/30/2022 Totals/Averages 4,185 $58,400 $0 $0 Enter comments here...additional five year options. STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 5

6 Additional Photos STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 6

7 Additional Photos STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 7

8 Regional Map State of Texas Leased Office - Alpine Road - Longview TX STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 8

9 Location Maps STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 9

10 Aerial Map State of Texas Leased Office - Alpine Road - Longview TX STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 10

11 Demographics Report 1 MILE 5 MILES 10 MILES Total population 2,220 61, ,215 Median age Median age (male) Median age (female) Total households ,157 46,468 Total persons per HH Average HH income $58,661 $56,569 $60,095 Average house value $130,281 $99,500 $120,392 * Demographic data derived from 2010 US Census STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 11

12 Demographics Map POPULATION 1 MILE 5 MILES 10 MILES Total population 2,220 61, ,215 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households ,157 46,468 # of persons per HH Average HH income $58,661 $56,569 $60,095 Average house value $130,281 $99,500 $120,392 * Demographic data derived from 2010 US Census STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 12

13 Advisor Bio & Contact 1 WES HALLMARK, CCIM, SIOR Senior Investment Advisor 8008 Slide Rd., #1 Lubbock, TX T x202 hallmarkw@svn.com TX # PROFESSIONAL BACKGROUND W.Wesley Hallmark, CCIM, SIOR serves as a Senior Associate for SVN. Specializing in the management, leasing and brokerage of office, retail, industrial and income producing properties in West Texas. He serves the Lubbock, Amarillo, Midland/ Odessa, San Angelo and Abilene markets. With over 35 years of experience, Hallmark has completed over 2000 commercial real estate sales and leasing transactions, valued at over $300 million. With an extensive background in commercial real estate, Hallmark is the founder and owner of Wes Hallmark & Associates, LLC, a SVN affiliate. Some of Hallmark's major accomplishments include the completion of a $55 million tenant representation deal for SW Bell wireless (AT & T). This transaction involved securing a 230,000 square foot call center in Lubbock, Texas, which created over 1600 new jobs for the city. Hallmark's major clients have included GE, Allstate Insurance, General Motors, Federal Express, Owens Corning Fiberglass, Travelers Insurance, Bank of America, Wells Fargo Bank, Cox Communications, the U.S. Government, State of Texas and City of Lubbock, to name a few. Hallmark has consistently stayed active within the Lubbock community and the commercial real estate industry. Hallmark is involved with the Lubbock Board of Realtors, North Texas Commercial Association of Realtors, the Texas Association of Realtors, the National Association of Realtors (NAR) and the CCIM Institute, (Certified Commercial & Investment Member) and SIOR (The Society of Industrial & Office Realtors). He also served The Lubbock Housing Finance Corporation, an issuer of tax-exempt mortgage revenue bonds for the City of Lubbock. Hallmark held not only the Director position in the corporation, but every officer level position within the corporation as well. Hallmark received his bachelor's degree in Advertising and Marketing from Texas Tech University. STATE OF TEXAS LEASED OFFICE - ALPINE ROAD - LONGVIEW TX 2124 ALPINE ROAD LONGVIEW, TX SVN Hallmark & Associates Page 13