The Shops at Plaza Las Campanas
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The Shops at Plaza Las Campanas 1846 N Loop 1604 W, San Antonio, Texas 78248 Brian D. Harris, CCIM R EOC S A N A N TO N I O Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com Retail Space for Lease 210 524 4000 8023 Vantage Drive, Suite 1200 San Antonio TX 78230 reocsanantonio.com R EOC S A N A N TO N I O Table of Contents SECTION 1 Maps SECTION 2 Plans SECTION 3 Photos SECTION 4 Property Summary SECTION 5 Market Summary SECTION 6 Quote Sheets SECTION 7 San Antonio Overview SECTION 8 Stone Oak Overview SECTION 9 Demographics SECTION 10 TREC Agency Disclosure Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 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. R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 City Location Map R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Aerial Map R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Area Restaurants 1. Aldino 2. Applebee’s 3. BIG’z Burger Joint 4. Bill Miller 5. Buffalo Wild Wings 6. Buffalo Wings & Rings 7. Chama Gaucha 8. Chick-fil-A (2) 9. Chili’s 10. China Harbor 11. Chipotle 12. Chuck E Cheese 13. Chuy’s 14. Garden Bistro 15. Laguna Madre 16. Corner Bakery Cafe 17. Cover 3 18. Delicious Tamales 19. Demo’s Greek Restaurant 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. Double Dave’s Earl of Sandwich Egg & I El Palenque Royal Pizza IHOP Firehouse Subs (2) Fish City Grill Five Guys Burgers & Fries Houlihan’s India Taj Palace J Prime Jason’s Deli Jim’s Kirby’s Steak House Krispy Kreme Kumori Sushi La Madeleine Las Palapas Le Peep Cafe Highlight indicates high-end restaurant 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. Lion & Rose Little Caesar’s Longorn Cafe Luby’s Luciano’s McAlister’s McDonald’s (2) Mellow Mushroom Hon Machi Panera Bread River City Seafood & Grill Papa Nacho’s Pasha Pei Wei Perico’s Trilogy Pizza Pizza Hut (2) Red Lobster Red Robin Rise Bakery 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. Sake Cafe & Sushi Schlotzsky’s Silo Sonic (3) Stonewerk’s Subway (4) Sushi Zushi Taco Bell/KFC Taco Cabana Taipei Thunder Cloud Subs Wahkee Restaurant Wendy’s (2) Whataburger (2) Which Wich Wildfish Zio’s Hoppy Monk Big’z Burger Joint Zoes Kitchen 80. Tarka 81. Brick House Tavern & Tap 82. Popeye’s 83. Napa Flats 84. Heavenly Pho 85. WOW Cafe R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Area Hotels & Resorts 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Best Western Hill Country Suites Comfort Suites Courtyard Marriott Drury Inn & Suites Drury Plaza Hotel Fairfield Inn & Suites Hampton Inn Homewood Suites Hyatt Place La Quinta Inn & Suites Quality Inn & Suites Residence Inn Marriott Staybridge Suites 1. Noah’s Event Venue Route from Brasserie Pavil to the Westin La Cantera Resort: 10 minutes or 6.87 miles. Route from Brasserie Pavil to the JW Marriott Resort: 17 minutes or 9.85 miles. R EOC S A N A N TO N I O Area Major Employers Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 1. 2. 3. & 3B 3A 4. 5. 6. NuStar Energy - 1,600 employees Medtronic - 900 employees Security Service Federal Credit Union - 1,087 employees Six Flags Fiesta Texas - 3,000 employees Valero Energy Corporation - 2,000 employees Acelity - 2,068 employees Source: The 2010, 2011 & 2012 Book of Lists, The San Antonio Business Journal. Number of employees represent those that are employed in San Antonio only. 7. 8. 9. 10. 11. 12. Accenture - 500 employees Harland Clarke - 3,100 employees USAA - 15,000 employees JPMorgan Chase (Retail Operations Center) - 4,300 employees iHeart Radio - 2,800 employees Tesoro - 800 employees R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Area Hospitals 1. 2. 3. 4. 5. 6. 7. 8. Global Rehab Hospital North Central Baptist Hospital Physicians Ambulatory Surgery Center IV Methodist Ambulatory Surgery Center North Central San Antonio Kidney Disease Center The Spine Hospital of South Texas Methodist Stone Oak Hospital Laurel Ridge Hospital 14 minute drive time (8.61 miles) to South Texas Medical Center via Huebner Rd/Babcock Rd. 6 minute drive time (2.95 miles) to North Central Baptist Hospital via Loop 1604/Stone Oak Pkwy. 7 minute drive time (3.61 miles) to Methodist Stone Oak Hospital via Loop 1604/Stone Oak Pkwy/E Sonterra Blvd R EOC S A N A N TO N I O Site Plan - Plaza Las Campanas Cover 3 Wildfish nio Anto San welry Je Restaurant Available The Shops at Plaza Las Campanas Phase 1 Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 The Office Building at Plaza Las Campanas R EOC S A N A N TO N I O Site Plan - Proposed Building D Cover 3 Wildfish nio Anto San welry Je Restaurant Available The Shops at Plaza Las Campanas Phase 1 Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Proposed free-standing building The Office Building at Plaza Las Campanas R EOC S A N A N TO N I O Site Plan - Phase 1 Floor 1 Floor 2 Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Floor Plan - Phase 1, Floor 1 R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Floor Plan - Phase 1, Floor 2 R EOC S A N A N TO N I O Oblique Aerial Photo #12 in alcohol sales* #4 in alcohol sales* Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 *As reported on the May 18, 2016 Watch List in AlcoholSales.com R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Photos R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Photos R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Photos - Suite 104 R EOC S A N A N TO N I O Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Photos - Suite 104 R EOC S A N A N TO N I O Property Summary Description Plaza Las Campanas captures the flavor of a small Mexican village. With its courtyard intimate setting and Mexican colonial architecture, Plaza Las Campanas is an architectural landmark and a destination location in San Antonio. This award winning 170,000 SF mixed-use project offers office, retail and fine dining for users in a unique environment in San Antonio’s growing far north central suburban market. Phase I Location 1846 N. Loop 1604 West, San Antonio, TX 78248 SE corner of Loop 1604 and Huebner Road Facility Attractive exterior design Second-story opportunities to create storefront office options for enhanced visibility of neighborhood professionals, such as dentists, orthodontists, travel agencies, insurance agents, etc. Ample surface parking with a 1:300 parking ratio Size 30,446 gross square feet 1st floor retail - 3,888 sf available 2nd story storefront office - 2,824 sf available Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Zoning C-2 ERZD Use High-end 1st floor retail 2nd story storefront office for medical professionals and neighborhood businesses Plaza Las Campanas Tenants The Oasis Salon & Spa Suites Texas Community Bank The Edison Experiment Flatrock Energy Advisors Southern Wealth Management Eagle Applied Sciences Sanchez Oil & Gas Higginbotham First American Title Insurance Re/Max Preferred Realtors Voge Boutique Chesmar Homes San Antonio Jewelry Wildfish Seafood Grille Cover 3 Valdez & Treviño Silverback Exploration Meritum Energy Holdings R EOC S A N A N TO N I O Market Summary Benefits Office building 100% leased Highest residential demand area in San Antonio with over 72 established subdivisions Ample parking available including three level structured parking garage and overall 1:300 parking ratio Residential community prices range from $300,000 to several million dollars Valet drop-off Exceptional demographic profile Full service retail bank on site Located at the epicenter of San Antonio’s major growth Fountain/plaza adjacent to the office building Population has more than doubled within a 5-mile radius, more than tripled within a 3-mile radius and increased 551% within a 1-mile radius since 1990 Great location fronting Loop 1604 Situated on the dynamic intersection of Huebner Road and North Loop 1604 West Near two of San Antonio’s largest and strongest Texas Education Agency recognized school districts, with 17 elementary schools, 4 middle schools and 4 high schools Over 15 “mega” churches in the surrounding community Great shopping with all major retailers, recreation and fitness centers located in close proximity to the site Large selection of fine dining options as well as casual and fast food choices nearby Brian D. Harris, CCIM Accessible to the South Texas & Stone Oak Medical Center areas Unique location draws from Boerne, South Texas Medical Center and Stone Oak San Antonio hospitality industry is supported by 40,000 hotel rooms Home to two of the finest restaurants in San Antonio including Wildfish Seafood Grille and Cover 3 There are 29,852 employers with over 360,700 employees within a ten mile radius Wildfish was recently acquired by Darden, the world’s largest full-service restaurant company Six major hospitals located within five miles; complimented by 20 medical office buildings Use of “functional bells” and custom painted Mexican tiles throughout the project to express the theme of the development as “the location that resonates” Area golf courses include 8 existing facilities and the new PGA resort Traffic Counts: Distinctive exterior pylon signage available Loop 1604 & Huebner; 112,593 vpd (2014) Prestigious client base & unique tenant mix Near numerous gated executive residential communities Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 Located along Huebner Road, a major thoroughfare that connects an astounding number of gated residential communities and runs from the South Texas Medical Center into Stone Oak/PGA Village Source: TxDOT Statewide Planning Map R EOC S A N A N TO N I O Quote Sheet - Phase 1 Square Footage Available Largest Available Area 1,488 Largest Contiguous Area 2,400 Smallest Available Space 1,200 Smallest Divisible Area 1,200 Base Rental 1st Floor Retail $26.50 - $28.50 per square foot annually Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com Todd A. Gold, CCIM 2nd Floor Retail $20.00 - $22.00 per square foot annually (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 $7.49 per square foot annually (at full occupancy) Term Five (5) years to ten (10) (typical) Improvements 1st Floor Retail: $20.00 per square foot 2nd Floor Retail: $25.00 per square foot Pylon Signage $200 per month per panel (limited opportunities available) Deposit Equal to one (1) month’s Base Rental (typical) Financial Information Required prior to submission of lease document by Landlord Parking Ample surface parking available Disclosure A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and one (1) copy should be returned to Landlord’s leasing representative(s). President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 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 R EOC S A N A N TO N I O 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 Brian D. Harris, CCIM Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com 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 President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 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 R EOC S A N A N TO N I O Stone Oak Area Overview Situated in the rolling plains of the Texas Hill Country in the northern suburbs of San Antonio With a residential concentration of more than fifty subdivisions, Stone Oak is a vibrant, fully self-sustaining community which serves as the centerpiece of the sprawling Far North sector The Far North Central submarket was recently ranked #9 among the nation’s Top 10 Busiest Multi-Family Submarkets, according to Property Management Insider Considered to be one of the most upscale and desirable areas of San Antonio featuring master-planned communities like Sonterra and Stone Oak as well as other affluent neighborhoods Known for having some of the top schools and largest mega-churches in San Antonio Conveniently located near the crossroads of Loop 1604 & US 281 – just minutes away from The University of Texas at San Antonio, South Texas Medical Center and Stone Oak Medical Center Served by a maturing medical hub anchored by North Central Baptist Hospital and Stone Oak Methodist Hospital The northern rim of Loop 1604, sometimes referred to as the “Energy Corridor” is anchored by Tesoro Headquarters, NuStar Energy Headquarters, Valero Headquarters, EOG Resources Regional Headquarters, Schlumberger, and other oil & gas companies Office Other major area employers include Clear Channel Media/iHeart Radio, CST Brands and Chase Bank Operations Nearby retail centers offer a wide selection of full-service and quick-service restaurants, shopping, services and other amenities Direct San Antonio Area Office recreational facilities include theDirect newly Direct openedQuarterly Top Golf along with Average Six Flags Fiesta Texas, Sonterra Country Club, Lifetime Fitness, Market Inventory YTD Total SF Under Net YTD Direct Net # of Bldgs Vacancy Quoted Second Quarter 2016 LA Fitness and(SF) Completed Construction Gold’s Gym, more Vacant (SF) Rate (%) Absorption Absorption (SF) Rent (SF) Central JW Marriot San Antonio Country1,019,522 Resort, La Cantera77,657 Hill Country Resort$24.03 and Eilan Hotel Resort 0and Spa 130Hill 8,761,207 11.6% 56,995 0 North A 21 3,227,803 229,330 60,336 36,573 $29.22 As of the fall semester 2015, there were more 7.1% than 28,787 students enrolled at nearby UTSA B 86 4,634,758 683,923 14.8% 9,068 16,570 $22.29 REOC San Antonio tracks more than106,269 4.6 million square feet lease space in the Far North sector along with nearly 2.7 million C 23 898,646 11.8% 8,253 of retail 3,852 $16.36 55 5,839,061 1,497,953 25.7% 1,770 66,935 $23.10 0 CBD square feet of multi-tenant 0 office lease space in addition to roughly a million square feet of medical-only office space. A 6 2,002,381 232,225 11.6% 17,649 31,469 $28.34 B 30 2,879,537 930,011 32.3% (12,729) 38,616 $22.18 C 19 957,143 335,717 35.1% (3,150) (3,150) $15.64 9,341,091 2,054,800 22.0% 58,579 175,593 3,009,854 611,609 159 North West A San Antonio Office Market Second B Quarter 2016 C bharris@reocsanantonio.com President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 92,740 482,314 $27.64 92,740 Average YTD Total SF Quoted $20.45 Completed Rent $17.27 $22.70 Under 65,048 Construction 38 1,021,254 179,545 8,761,207 3,031,934 1,019,522 493,211 11.6% 16.3% 77,657 56,007 56,995 69,812 $24.03 $28.28 0 105,785 A 21 14 3,227,803 1,689,994 229,330 304,317 7.1% 18.0% 60,336 (1,724) 36,573 12,899 $29.22 $30.82 48,085 B 86 51 4,634,758 1,341,940 683,923 188,894 14.8% 14.1% 9,068 57,731 16,570 56,913 $22.29 $24.71 57,700 North East C 23 32 898,646 1,951,667 106,269 291,714 11.8% 14.9% 8,253 (11,835) 3,852 7,167 $16.36 $18.62 0 CBD A 55 3 5,839,061 593,084 A B 6 20 2,002,381 1,074,178 B C 30 9 2,879,537 284,405 C 19 6 957,143 631,808 San Antonio Direct 1,497,953 25.7% 1,770 66,935 $23.10 0 37,924 6.4% 0# of 1,218 $24.50Direct Retail Market Inventory (SF) Vacancy Bldgs Vacant (SF) 232,225 11.6% 17,649 31,469 $28.34 168,905 15.7% (3,490) 11,697 $18.13 Second Quarter 2016 Rate (%) 930,011 84,885 32.3% 29.8% (12,729) (8,345) 38,616 (5,748) $22.18 $16.73 417,266 Retail 0 42,299 42,299 0 Direct 0 Quarterly Absorption Direct YTD Absorption Central District (3,150) 8 1,209,068$15.64 41,354 478,363 478,363 335,717 35.1% (3,150) 96,026 Business 15.2% 18 51,316 $25.93 0 3.4% 101,000 Regional Ctr22.0% 2 175,593 1,053,363$22.70 10,00092,740 0.9% 482,314 478,363 478,363 159 9,341,091 2,054,800 58,579 North West A 4 508,808 50,091 9.8% 0 51,298 $25.93 101,000 Community Ctr 0 A 23 3,009,854 611,609 20.3% 30,935 96,220 $27.64 92,740 417,266 B 2 123,000 45,935 37.3% 18 18 San Antonio Direct Direct Strip Ctr 0 Direct YTD B 98 5,309,983 1,263,646 14,481 67,671 65,048 17 810,713 186,449 23.0% (1,150)# of (1,937) $17.04Direct 0 South 0 Retail23.8% Market Quarterly Inventory (SF)$20.45 Vacancy Neighborhood Ctr 6 155,705$17.27 31,354 20.1% 0 Absorption 0 Bldgs Vacant (SF) C 38 1,021,254 179,545 17.6% 13,163 11,702 B 12 596,310 86,339 14.5% 0 (787) $18.94 Second Absorption Rate (%) Power Ctr Quarter 2016 0 65 3,031,934 493,211 16.3% 56,007 69,812 $28.28 105,785 Far North Central 42,299 C 5 214,403 100,110 46.7% (1,150) (1,150) $16.33 Far North Central District 68 4,618,833 402,527 8.7% 14,093 54,237 Central Business 8 425,881 1,209,068 41,354 3.4% 478,363 478,363 14 1,689,994 304,317 18.0% (1,724) 12,899 $30.82 48,085 Grand Total A 464 30,367,481 5,639,675 18.6% 181,046 $23.17 198,525 625,613 Regional Ctr 0 2 1,053,363$24.71 10,000 0.9% 42,299 478,363 478,363 B 51 1,341,940 188,894 14.1% 57,731 56,913 57,700 A $27.85 140,825 71 11,031,924 1,465,496 13.3% 107,196 229,677 518,266 Community Ctr 12 1,502,000 89,759 6.0% 0 14,558 0 32 1,951,667 291,714 14.9% (11,835) 7,167 $18.62 0 North East 0 B $21.38 57,700 299 15,959,706 3,367,653 21.1% 65,079 190,698 107,347 24 412,549 32,467 7.9% (2,626) (3,829) Strip Ctr 0 A 3 593,084 37,924 6.4% 0 1,218 $24.50 C $16.65 0 94 3,375,851 806,526 23.9% 8,771 5,506 0 27 978,295 135,972 13.9% 9,719 22,059 Neighborhood Ctr 6 155,705 31,354 20.1% 0 0 B San Antonio based on data provided 20 by Xceligent 1,074,178 168,905 (3,490) 11,697 $18.13 Analysis by REOC and approved by the San15.7% Antonio Office Advisory Board. Statistical Power Ctr 5 1,725,989 144,329 8.4% 7,000 21,449 0 C 9 84,885 29.8% (8,345) (5,748) information is calculated for multi-tenant office bldgs 20,000 sf 284,405 and larger (excluding Single-Tenant, Owner-Occupied, Gov't and Medical Buildings). $16.73 Far West 33 4,218,499 289,633 6.9% (33,430) (41,696) North Central 68 4,618,833 402,527 8.7% 14,093 54,237 631,808 15.2% 18 on a non-full-service 51,316 $25.93 0 Far West 101,000 Rental rates reflect non-weighted strict average asking6 rental rates quoted on an96,026 annual full-service basis. Rents quoted Regional Ctr 0 A 4 the full-service 508,808rate. 50,091 9.8% 0 51,298 $25.93 101,000 basis (such as NNN) have been calculated up to reflect Community Ctr 4 827,931 69,641 8.4% (19,755) (20,255) 12 1,502,000 89,759 6.0% 0 14,558 Far West Todd A. Gold, CCIM Direct 20.3% 30,935 96,220 Direct Quarterly Net YTD Direct Net Vacancy 23.8% 14,481 67,671 Absorption (SF) Absorption Rate17.6% (%) 11,702 (SF)13,163 San Antonio - Second Q San Anto Senior Vice President Direct Line 210 524 1314 # of Bldgs98 Inventory Direct 5,309,983 1,263,646 (SF) Vacant (SF) 130 65 North Central Far North Central Brian D. Harris, CCIM 23 Office Average Quoted Rental Rate Under Construction Retail $19.78 N/A 0 Average Quoted Under $19.78 Construction Rental Rate $23.26 $19.78 N/A $19.63 $20.76 $22.59 $19.78 $25.53 $12.60 $23.26 N/A $19.63 12,588 0 12,588 18,000 12,588 R EOC S A N A N TO N I O Demographics: 1-Mile Demographic and Income Profile The Shops at Plaza Las Campanas 1846 N Loop 1604 W, San Antonio, Texas, 78248 Ring: 1 mile radius Summary Prepared by Esri Latitude: 29.60807 Longitude: -98.52148 Census 2010 2016 2021 10,233 10,849 11,574 Households 3,989 4,196 4,442 Families 2,819 2,909 3,049 2.57 2.59 2.61 Owner Occupied Housing Units 2,888 2,874 3,014 Renter Occupied Housing Units 1,101 1,322 1,428 39.5 40.0 39.3 Area State National Population Average Household Size Median Age Trends: 2016 - 2021 Annual Rate Population 1.30% 1.63% 0.84% Households 1.15% 1.58% 0.79% Families Owner HHs 0.94% 0.96% 1.52% 1.52% 0.72% 0.73% Median Household Income 1.40% 1.86% 1.86% 2016 Households by Income Number Percent Number 142 3.4% 127 2.9% $15,000 - $24,999 97 2.3% 90 2.0% $25,000 - $34,999 128 3.1% 129 2.9% $35,000 - $49,999 177 4.2% 96 2.2% $50,000 - $74,999 493 11.7% 394 8.9% <$15,000 542 12.9% 585 13.2% $100,000 - $149,999 837 19.9% 1,023 23.0% $200,000+ 629 15.0% 740 16.7% 1,150 27.4% 1,259 28.3% Median Household Income $126,148 $135,246 Average Household Income $168,991 $180,366 Per Capita Income $65,675 Census 2010 Population by Age Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 $69,598 2016 2021 Number Percent Number Percent Number 0-4 566 5.5% 563 5.2% 617 5.3% 5-9 796 7.8% 781 7.2% 761 6.6% Percent 10 - 14 834 8.1% 850 7.8% 854 7.4% 15 - 19 716 7.0% 725 6.7% 738 6.4% 20 - 24 500 4.9% 622 5.7% 533 4.6% 25 - 34 1,036 10.1% 1,203 11.1% 1,641 14.2% 35 - 44 1,645 16.1% 1,512 13.9% 1,562 13.5% 45 - 54 1,818 17.8% 1,727 15.9% 1,672 14.4% 55 - 64 1,378 13.5% 1,488 13.7% 1,465 12.7% 65 - 74 609 6.0% 939 8.7% 1,144 9.9% 75 - 84 268 2.6% 336 3.1% 463 4.0% 69 0.7% 103 0.9% 124 1.1% Number Percent Number Percent Number Percent White Alone 8,998 87.9% 9,324 85.9% 9,750 84.2% Black Alone 255 2.5% 302 2.8% 347 3.0% 25 0.2% 27 0.2% 32 0.3% 534 5.2% 684 6.3% 857 7.4% 85+ Census 2010 Race and Ethnicity Todd A. Gold, CCIM Percent $75,000 - $99,999 $150,000 - $199,999 Brian D. Harris, CCIM 2021 American Indian Alone Asian Alone Pacific Islander Alone 2016 2021 6 0.1% 7 0.1% 7 0.1% Some Other Race Alone 196 1.9% 231 2.1% 256 2.2% Two or More Races 219 2.1% 274 2.5% 325 2.8% 2,339 22.9% 2,746 25.3% 3,179 27.5% 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 R EOC S A N A N TO N I O Demographics: 3-Mile Demographic and Income Profile The Shops at Plaza Las Campanas 1846 N Loop 1604 W, San Antonio, Texas, 78248 Ring: 3 mile radius Summary Prepared by Esri Latitude: 29.60807 Longitude: -98.52148 Census 2010 2016 2021 61,324 66,084 71,475 Population Households 24,364 26,140 28,191 Families 16,732 17,766 19,009 Average Household Size 2.50 2.52 2.52 Owner Occupied Housing Units 16,626 16,970 18,128 Renter Occupied Housing Units 7,738 9,170 10,063 38.6 39.6 39.5 Area 1.58% 1.52% State 1.63% 1.58% National 0.84% 0.79% Families Owner HHs 1.36% 1.33% 1.52% 1.52% 0.72% 0.73% Median Household Income 1.23% Median Age Trends: 2016 - 2021 Annual Rate Population Households 1.86% 1.86% 2016 Households by Income <$15,000 $15,000 - $24,999 Number Percent Number 956 3.7% 936 3.3% 1,181 4.5% 1,198 4.2% 1,196 4.6% 1,307 4.6% $35,000 - $49,999 2,095 8.0% 1,538 5.5% $50,000 - $74,999 3,472 13.3% 3,239 11.5% $75,000 - $99,999 3,513 13.4% 3,946 14.0% $100,000 - $149,999 5,423 20.7% 6,455 22.9% $150,000 - $199,999 3,468 13.3% 4,093 14.5% $200,000+ 4,838 18.5% 5,478 19.4% $104,042 $139,540 Per Capita Income Population by Age bharris@reocsanantonio.com Todd A. Gold, CCIM President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 $110,627 $149,443 $55,001 Census 2010 Senior Vice President Direct Line 210 524 1314 Percent $25,000 - $34,999 Median Household Income Average Household Income Brian D. Harris, CCIM 2021 $58,693 2016 2021 Number Percent Number Percent Number Percent 0-4 3,408 5.6% 3,466 5.2% 3,833 5.4% 5-9 4,403 7.2% 4,141 6.3% 4,202 5.9% 10 - 14 4,744 7.7% 4,831 7.3% 4,625 6.5% 15 - 19 4,163 6.8% 4,330 6.6% 4,379 6.1% 20 - 24 3,511 5.7% 3,849 5.8% 3,748 5.2% 25 - 34 7,245 11.8% 8,462 12.8% 10,303 14.4% 35 - 44 9,255 15.1% 9,035 13.7% 9,992 14.0% 45 - 54 9,932 16.2% 9,744 14.7% 9,638 13.5% 55 - 64 7,828 12.8% 8,969 13.6% 9,344 13.1% 65 - 74 3,900 6.4% 5,624 8.5% 6,995 9.8% 75 - 84 2,075 3.4% 2,540 3.8% 3,173 4.4% 859 1.4% 1,093 1.7% 1,241 1.7% Number Percent Number Percent Number Percent White Alone 52,587 85.8% 55,372 83.8% 58,743 82.2% Black Alone 1,780 2.9% 2,087 3.2% 2,399 3.4% 199 0.3% 233 0.4% 269 0.4% 3,052 5.0% 3,921 5.9% 4,934 6.9% 85+ Census 2010 Race and Ethnicity American Indian Alone Asian Alone Pacific Islander Alone 2016 2021 48 0.1% 56 0.1% 69 0.1% Some Other Race Alone 2,080 3.4% 2,461 3.7% 2,746 3.8% Two or More Races 1,578 2.6% 1,954 3.0% 2,314 3.2% 17,293 28.2% 20,339 30.8% 23,598 33.0% 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 R EOC S A N A N TO N I O Demographics: 5-Mile Demographic and Income Profile The Shops at Plaza Las Campanas 1846 N Loop 1604 W, San Antonio, Texas, 78248 Ring: 5 mile radius Summary Prepared by Esri Latitude: 29.60807 Longitude: -98.52148 Census 2010 2016 2021 167,539 183,147 197,735 Households 70,663 76,562 82,228 Families 44,248 47,514 50,730 2.36 2.38 2.40 Owner Occupied Housing Units 40,950 42,070 44,939 Renter Occupied Housing Units 29,713 34,493 37,289 37.1 37.8 37.9 Area 1.54% 1.44% State 1.63% 1.58% National 0.84% 0.79% Families Owner HHs 1.32% 1.33% 1.52% 1.52% 0.72% 0.73% Median Household Income 1.84% Population Average Household Size Median Age Trends: 2016 - 2021 Annual Rate Population Households 1.86% 1.86% 2016 Households by Income Number Percent Number <$15,000 4,867 6.4% 5,080 6.2% $15,000 - $24,999 5,307 6.9% 5,485 6.7% 5,805 7.6% 6,659 8.1% $35,000 - $49,999 7,890 10.3% 5,875 7.1% $50,000 - $74,999 12,085 15.8% 11,323 13.8% $75,000 - $99,999 10,114 13.2% 11,986 14.6% $100,000 - $149,999 13,890 18.1% 16,560 20.1% $150,000 - $199,999 7,380 9.6% 8,736 10.6% $200,000+ 9,224 12.0% 10,524 12.8% $79,579 $110,398 $46,021 Census 2010 Population by Age Senior Vice President Direct Line 210 524 1314 bharris@reocsanantonio.com President, Managing Partner Direct Line 210 524 1309 tgold@reocsanantonio.com 210 524 4000 $87,164 $118,695 $49,194 2016 2021 Number Percent Number Percent Number Percent 0-4 9,637 5.8% 9,949 5.4% 11,014 5.6% 5-9 10,814 6.5% 10,917 6.0% 11,200 5.7% 10 - 14 11,751 7.0% 11,906 6.5% 11,791 6.0% 15 - 19 10,818 6.5% 11,471 6.3% 11,266 5.7% 20 - 24 12,175 7.3% 13,012 7.1% 13,550 6.9% 25 - 34 23,670 14.1% 27,481 15.0% 31,695 16.0% 35 - 44 23,769 14.2% 24,804 13.5% 27,553 13.9% 45 - 54 25,529 15.2% 25,155 13.7% 24,660 12.5% 55 - 64 20,555 12.3% 23,204 12.7% 24,437 12.4% 65 - 74 10,927 6.5% 15,406 8.4% 18,551 9.4% 75 - 84 5,687 3.4% 6,998 3.8% 8,776 4.4% 2,207 1.3% 2,843 1.6% 3,244 1.6% Number Percent Number Percent Number Percent White Alone 137,703 82.2% 147,024 80.3% 155,982 78.9% Black Alone 6,931 4.1% 8,115 4.4% 9,192 4.6% 785 0.5% 902 0.5% 1,015 0.5% 7,262 4.3% 9,433 5.2% 11,798 6.0% 85+ Census 2010 Race and Ethnicity Todd A. Gold, CCIM Percent $25,000 - $34,999 Median Household Income Average Household Income Per Capita Income Brian D. Harris, CCIM 2021 American Indian Alone Asian Alone Pacific Islander Alone 2016 2021 159 0.1% 199 0.1% 240 0.1% Some Other Race Alone 9,611 5.7% 11,219 6.1% 12,235 6.2% Two or More Races 5,089 3.0% 6,256 3.4% 7,274 3.7% 56,371 33.6% 66,266 36.2% 75,764 38.3% 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 bharris@reocsanantonio.com 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. bharris@reocsanantonio.com bharris@reocsanantonio.com 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 Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
