111 east 27th street
TRANSCRIPT
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
PROPERTY FEATURES
111 E 27th St.
S. M
ain St.
S. T
exas Ave
W. William Joel Pkwy
Bryan City Hall
Brazos Courthouse
�Newly renovated historic Downtown Bryan building
� Income producing property with upside potential
�Great on-site parking �Become part of the Downtown Bryan Revitalization
�Offered for Sale: $1,395,000
Queen Theatre
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
PROPERTY OUTLINE
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
FIRST FLOOR PHOTOS
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
SECOND FLOOR PHOTOS/CODE RED PRODUCTIONS
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
3RD FLOOR PHOTOS / OM GROWN YOGA
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
FLOOR PLAN
3,853 sf4,547 SF
RENTABLE
This Floor Available for Lease
1st Floor
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
FLOOR PLAN2nd
Floor
2,536 sf
451 sf
365 sf431 SF
RENTABLE
532 SF
RENTABLE
2,993 SF
RENTABLE
This Floor Fully Leased To:
Code Red Productions
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
This Floor Fully Leased To:
Om Grown Yoga
FLOOR PLAN3rd
Floor
2,552 sf
752 sf 372 sf
2,999 SF
RENTABLE
(CURRENTLY LEASED)
888 SF
RENTABLE
439 SF
RENTABLE
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
Brief History of the Bryan Municipal
The Bryan Municipal Building was constructed in 1929 and was the first modern municipal facility in Bryan to house the city’s main governmental offices and police and fire departments. The building was designed by the Austin based architectural firm of Giesecke & Harris and it is a good example of their work and one of Bryan’s few buildings reflecting the influence of the Moderne style. As one of Austin’s leading architectural firms of the period, Gieseck & Harris were responsible for designing numerous high school and institutional buildings throughout the state including the Austin State School and State School for the Deaf. The building is important for its association with events in Bryan’s municipal history and for serving as the governmental focus of Bryan’s original commercial district.
The building was accepted on December 13, 1929 and occupied by the city staff three days later. On December 17, 1929 the fire department moved in and an open house was held the following Friday. For the first time the main governmental services of the city were found within one building, with the chambers for the City Council occupying the entire south bay of the second floor; the Fire Department housed in the central; the Police Department offices on the south end of the first floor, and both floors on the north end of the building used as offices for city government.
The attractive and well-proportioned structure gave Bryan its first city hall designed along modern lines and quickly became a source of pride for the community. Through its nearly sixty years of operation, the municipal building was the focus of politics and government for the city of Bryan.
*Information above taken from the National Register of Historic Places Registration Form*
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
Projected Annualized Operating Statement
Century Station 111 E. 27th Street Bryan, Texas
Revenue Projected Gross Income* $246,087 Less Vacancy & Collection Loss 5% $ 11,440 Effective Revenue $234,647
Operating Expenses Maintenance & Repairs** $ 34,283 Professional Fees** $ 5,316 Utilities** $ 34,936 Taxes** $ 15,365 Insurance** $ 4,018
Total Operating Expenses $ 93,918
Net Operating Income $140,729
*Based on June 2016 existing leases and vacancies leased at asking rate. **Based on 2016 budget projections.
Additional information available upon receipt of signed confidentiality agreement & information on brokerage services (enclosed). Please fax to (979) 268-6841 or email to [email protected].
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET
Fact Summary Property Name: Century Station
Property Address: 111 E. 27th Street, Bryan, TX 77803
Location: Downtown Bryan, Brazos County, Texas
Land Area: 0.80 Acres (per Brazos CAD)
Total GLA: 35,022 SF (per Brazos CAD)
Zoning: DT-C (Downtown Civic)
Year Built: 1929
Occupancy: 65%
NOI: $140,729*
Asking Price: $1,395,000
Price per SF: $88.07
Projected Cap Rate: 10.09%*
*Based on projected NOI from 2016 budget projections and existing leases and vacancies leased at asking
rate.
Bryan, Texas 77803
FOR SALE
For more information, please contact:
Vance [email protected] warranty or representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the owner.
Clark Isenhour Real Estate Services, LLC3828 S College AveBryan, Texas 77801
www.clarkisenhour.com
111 EAST 27TH STREET