downtown houston - loopnet

DOWNTOWN HOUSTON0.75 mi

PEDEN STW G

RAY

ST

TAFT

ST

TAFT ST

W DALLAS ST

±31,200 SF

Barnaby’s Cafe Midtown Bar & Grill

Ship & Shield

Carnegie VanguardHigh School

Gregory-LincolnEducation Center

MONTROSEAvg Home Price $700K

MIDTOWN • 0.5 MILEAvg Home Price $371K

DOWNTOWN HOUSTON0.75 mi

PEDEN STW G

RAY

ST

TAFT

ST

TAFT ST

W DALLAS ST

±31,200 SF


Ship & Shield


Gregory-LincolnEducation Center


MIDTOWN • 0.5 MILEAvg Home Price $371K

±31,200 SF on West Gray Houston, Texas

O F F E R I N G M E M O R A N D U M

www.dmreland.com

Tim [email protected] 713-955-3127M 713-459-8123

David [email protected] 713-955-3126M 713-206-1574

Tom [email protected] 713-955-3125M 713-557-4455

Clark [email protected] 713-955-3122M 832-449-2223

Becky [email protected] 713-955-3121M 918-629-5592

Dillon [email protected] 713-955-3123M 713-254-3824

Tripp [email protected] 713-955-3124M 936-635-6968

Jane MatsellGraphic Designer

Contacts, Due Diligence, & Offer Requirements

Dosch Marshall Real Estate713.955.2120

777 Post Oak Blvd Houston, TX 77056

www.dmreland.com

Exclusive RepresentationDosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the disposition of ±31,200 SF on West Gray in Houston, TX (Property). All inquiries about the Property should be directed to DMRE.

Due Diligence InformationTo access the due diligence information please visit the Property website at: www.dmreland.com

Offer RequirementsOffers should be presented in the form of a non-bind-ing Letter of Intent, and should include:

• Pricing• Due Diligence and Closing Timeframe• Earnest Money Deposit• Description of Debt/Equity Structure• Qualifications to Close• Development Plans

Purchase terms shall require cash to be paid at clos-ing. Offers should be delivered to the attention of Tim Dosch, David Marshall, Tom Dosch, or Becky Hand via fax or email.

±31,200 SF ON WEST GRAY 2

www.dmreland.comProperty Information

Property Details

ADDRESS 511 W Gray St Apt 4 Houston, TX 77019507 W Gray St # 4 Houston, TX 77019505 W Gray St Apt 4 Houston, TX 77019419 W Gray St Houston, TX 77019508 Peden St Houston, TX 77006

LAT., LONG. 29.753029, -95.387489

TOTAL SF 31,200 SF

APPROX. FRONTAGE 290 ft on West Gray St; 50ft on Peden St

PARCEL ID 0560540000007, 0560540000008, 0560540000009, 0560540000010, 0541750000008

UTILITIES City of Houston

SCHOOL DISTRICT Houston ISD

REVENUE 2016 net revenue from rental operations: $55,000

2017 Tax Rates

1 HOUSTON ISD 1.206700

40 HARRIS COUNTY 0.416560

41 HARRIS CO FLOOD CNTRL 0.028290

42 PORT OF HOUSTON AUTHY 0.013340

43 HARRIS CO HOSP DIST 0.171790

44 HARRIS CO EDUC DEPT 0.005200

48 HOU COMMUNITY COLLEGE 0.100263

61 CITY OF HOUSTON 0.586420

930 HC ID 6 0.125000

Total 2.653563

2017 Demographics

0-1 mi 0-3 mile 0-5 miles

EST. POPULATION 30,585 190,546 453,852

5-YR EST. POPULATION GROWTH 12.4% 10.1% 9.1%

HOUSEHOLDS WITH INCOME EXCEEDING $74,999

52.3% 50.0% 44.9%

EST. MEDIAN HOUSING VALUES $332,538 $364,825 330,312



MONTROSE BLVD

WAUGH DR

STANFORD STPE

DEN

ST

W GRAY ST

The Royalton3333 Allen Pkwy

Upper Kirby (2 miles)

Inversion Coffee & ArtTexas Art Supply

Galleria/Uptown (4.5 miles)

River Oaks Plaza (0.7 miles)

RIVER OAKS

PJ’s Sports Bar

Pink’s Pizza

Wharton Elementary

HYDE PARKHome Values up to $996K

Cecil’s Pub

±31,200 SF

4±31,200 SF ON WEST GRAY

www.dmreland.com

W GRAY ST

PEDEN ST

STANFORD ST

TAFT ST

PJ’s Sports BarPink’s Pizza Cecil’s Pub Barnaby’s Cafe

Gregory-Lincoln Education Center


Midtown Bar & Grill

HOME VALUESUp to $999K

ALLEN PKWY

STUDEMONT ST

Buffalo Bayou

Washington Corridor (1.2 mi)-

hood retail includes a 215,000-square-foot Wal-Mart-anchored retail center and a Target-anchored retail center. Trendy eateries and nightlife desti-nations include Benjy’s, Darkhorse Tavern, Ei8ht, El Rey Taqueria, Max’s Wine Dive, Nox, Kung Fu Saloon, Bubba’s Sportsbar & Grill, Laurenzo’s, Diem Lounge, Liberty Station, Sanctuary Lounge, The Counter, El Tiempo Cantina, Rebels Honky Tonk, Porch Swing Pub, Catalina Coffee, 360 Sports Lounge, Luke’s Ice House, Underdogs Pub, The Blue Fish, Coppa Ristorante Italiano, and Molina’s Cantina.

±31,200 SF


PJ’s Sports BarCecil’s Pub

Memorial by Windsor1929 Allen Pkwy

Barnaby’s Cafe

Midtown Bar & GrillW GRAY ST

PEDEN ST

±31,200 SF

~50 ft

6±31,200 SF ON WEST GRAY

www.dmreland.com

PEDEN ST

WESTHEIMER RD

W GRAY ST

±31,200 SF

Texas Medical Center (2.5 mi)

Museum District (1.5 mi)

Hanover Montrose

MONTROSEAvg Home Price $700K Westheimer & Montrose (0.6 miles)

Half Price BooksBBs CafeAladdin Mediterranean Southside EspressoRosemontTheos369 Oriental BistroBlacksmith


www.dmreland.com

MONTROSE

MIDTOWN

DOWNTOWN HOUSTON

PEDEN STW G

RAY

ST

±31,200 SF


Ship & Shield


TAFT ST

Employment• Over 150,000 employees• Over 3,000 businesses and 50.4 million SF office space • Class A office occupancy at 85.6%• Hosts 20 of Houston’s 26 Fortune 500 companies; 9 have their

headquarters in Downtown Houston

Entertainment & Attractions• Over ten million people visit Downtown annually for conventions,

meetings, baseball and basketball games, theater, concerts and civic events

• 22 hotels and 7,300 hotel rooms• 9 major performing arts organizations• 2 million SF retail space• Over 300 restaurants, coffee shops, and bars, including the

renowned Xochi, Potente and Local Foods• Phoenicia Specialty Foods: 35,000-square-foot gourmet food mar-

ket featuring over 10,000 products from more than 50 countries• Toyota Center: Home of the NBA’s Houston Rockets• Minute Maid Park: Home of the Houston Astros and Houston Aeros

GreenStreet• Three block mixed-use shopping, entertainment and dining center• 16,000 square feet of open-air retail• House of Blues, Lucky Strike Lanes, McCormick & Schmicks and

local eatery Guadalajara del Centro

Houston Theater District• 17-block cultural and entertainment center• Second largest performing arts district in the U.S. next to Broadway

in New York City• 13,000 theater district seats

George R Brown Convention Center• 1.9 million SF• $253 million economic impact

Discovery Green Park• Two-acre picnic lawn with one-acre lake, jogging trail, performance

stage, two dog parks, and multiple gardens

Top Employers

Employer # Employees

Chevron 8,600

Shell Oil Company 7,000

Chase Bank 4,892

CenterPoint Energy 3,826

KBR 2,958

NRG/Reliant Energy 2,300

ExxonMobil Corporation 2,200

Hess 2,000

Kinder Morgan 1,860

Deloitte 1,700

Enterprise Products Partners 1,360

Ernst & Young 1,300

Waste Management, Inc. 1,270

PriceWaterhouseCoopers 1,236

LyondellBasell Industries 1,200

Houston Central Business District

GEORGE R BROWN CONVENTION CENTER

THEATER DISTRICT

Less than one mile from the Property


www.dmreland.comMontrose

Montrose is home to 18 of the 2016 Houston Press Top 100 Restaurants

Hugo’s (#2)The Pass & Provisions (#3)BCN Taste & Tradition (#4)Pax Americana (#6)Underbelly (#12)Da Marco (#17)Uchi (#22)Common Bond CafeCuchara

Dolce Vita Pizzeria EnotecaGood Dog HoustonGusto GourmetIndikaMala Sichuan BistroPaulie’sPizaro’s Pizza NapoletanaRoostVinoteca Poscol

ShoppingMontrose’s retail offerings are unique in Houston: secondhand cou-ture, fair trade home furnishings, priceless antiques and curated thrift stores put this neighborhood on the cutting edge of fashion

Coffee CultureMontrose caters to Houston’s caffeine addiction better than any other neighborhood: unique cafes with their own signature style serve as perfect places to work, socialize, relax, and even enjoy original artwork by local artists

AgoraBacchusBlack Hole Coffee HouseBlacksmithBungalow CoffeeCampesino Coffee House

Empire CafeInversion Coffee & ArtKung Fu TeaMinuti CoffeeMercantileSiphon CoffeeSouthside EspressoThe Teahouse

NightlifeMontrose’s nightlife has something for everyone: trendy wine bistros, fashionable clubs, casual dives, artsy pubs, and artisanal cocktail bars

HUGO’S

UNDERBELLY

AGORA

ANVIL

CUCHARA

PAX AMERICANA

Anvil Bar & RefugeAvantGardenBayou City Blur Bar BohemeBoondocks CatbirdsCecil’s PubCezanneCrockerDoc’s MotorworksEagle BarF Bar Firkin & Phoenix Griff’s Houston Guava Lamp Kenneally’sJR’s Bar & GrillLa Grange Lola’s Depot

MAX’s Wine Dive Michael’s Outpost NumbersPistolero’sPoison Girl RipcordRosemontRudyard’s South BeachThe Black Labrador PubThe Davenport LoungeThe Flat The HarpThe Hay Merchant The Next Door The Patio The Red Lion PubTK Bitterman’s West Alabama Ice House Zimm’s

American Apparel Antique & Design GuysBiscuit HomeBJ Oldies Antique Shop Blackbird Trading CoBlue Bird CircleBuffalo ExchangeCottage Thrift Shop Couture BlowoutCrossroads Trading Com-panyFashion RecyclerHeiress BoutiqueJbird HoustonLeopard Lounge

Lo-Fi VintageMerchant and MarketMio Boutique Montrose Shop Old Blue House Antique Shop Pavement Houston ClothingPride & Joy AntiquesSilverlust JewelrySloan/HallSoundwavesSpace MontroseSTAG Provisions for MenTaxi Taxi ClothingTejas Custom BootsWardrobe The Boutique


www.dmreland.comMontrose

Montrose Museums & Theaters

Menil Collection• 30-acre neighborhood of art

with free admission• Houses special exhibitions and

the permanent collection• Known for displays that allow

the objects and works of art to speak for themselves

• Permanent collections include Surrealist and other modern European painting and sculp-ture; Byzantine and medieval art and artifacts; African, Pacific Islands, and Pacific Northwest Native art; art of the ancient Americas and the ancient Med-iterranean and Near East; and American art after World War II

Unhinged Productions• Stages plays affirming the lives

of people in Houston’s LGBT community; recognized for raising awareness on social issues though its high-quality alternative work

The Printing Museum• Exhibits the documents and

tools that illustrate the relation-ship between a free press and a knowledgeable society

Stages Repertory Theatre• Nationally recognized produc-

tions including coverage in The New York Times, The Wall Street Journal, Variety, Vogue and American Theatre Maga-zine

• Varied repertoire of world and regional premieres

Musiqa• Non-profit organization ded-

icated to the performance of contemporary classical music

Aurora Picture Show • Shows short artist-made films

and videos and hosts visiting film/videomakers and curators

Classical Theatre Company• Dedicated to boldly re-envi-

sioning classical drama on the stage, in the community, and in the classroom

• The only professional theatre company in the Houston area that produces year round clas-sical drama

BooTown• Non-profit theater group ded-

icated to taking the ordinary and making it distinctive in non-traditional settings

Rothko Chapel• Ecumenical chapel featuring the work of

Mark Rothko, one of the most influential American artists of the mid-century

• On Travel + Leisure’s list of 101 Places Every Traveler Should Know (2012)

• Named one of the 10 most mind-blowing, energizing, unorthodox and flat-out cool places to experience art in America by GQ (2010)

• Listed by Yahoo! Travel as one of the top 10 U.S. places to see before you die (2008)

• On National Geographic’s list of the world’s “most sacred places”

Montrose Historic DistrictsMontrose is home to six of the nineteen desig-nated Historic Districts in the city of Houston: Avondale East, Avondale West, Courtland Place, Audubon Place, Westmoreland, and First Mon-trose Commons.

Montrose was honored by the American Planning Association as one of the country’s 10 great

neighborhoods due to its walkable street grid, carefully preserved historic districts and eclectic mix

of homes and businesses

ROTHKO CHAPEL

THE MENIL COLLECTION


www.dmreland.comNearby Retail & Entertainment

Midtown’s thriving mixed-use community is among Houston’s most culturally diverse areas, while its residential and commercial landscapes have become the most prized in the city.

• Five colleges and universities nearby with com-bined enrollments of over 50,000

• More than 25 nightlife spots and over 45 restaurants, including many of Houston’s finest and most renowned restaurants such as Reef and T’afia

• Midtown Arts & Theater Center: 59,000 SF multi-tenant performing arts center

• Fitness Facilities: 24 Hour Fitness Super Sport, Midtown Mixed Martial Arts, YogaOne Studio

Museum District1.5 miles from the Property

Distinguished for fine restaurants, art galleries, and vintage shopping

• 19 museums• Hermann Park: 445

acres and features an 18-hole golf course, Miller Outdoor Theatre, the Houston Museum of Natural Science, the Houston Garden Cen-ter, and the Houston Zoo

• The Houston Zoo covers 55 acres and has approxi-mately 1.5 million visitors per year, making it the 7th most visited zoo in the U.S.

Upper Kirby District2 miles from the Property

Mix of affluent residential neighborhoods and urban mixed-use developments

Live-work-play environ-ment with high end retail, posh boutiques, and many of Houston’s finest restaurants, including Pondicheri, Fleming’s, Grace’s, Giacomo’s Cibe e Vino, Chuy’s, Carrabbas, Turquoise Grill, BB’s Cafe, Goode Co. Seafood and Goode Co. Taqueria, The Queen Vic Pub & Kitchen, and Kata Robata

Two theater venues: AD Players and The Music Box

0.5 miles from the Property

River Oaks Shopping Center1.3 miles from the Property

Allen EdmondsAméricasAnn TaylorAnnie AllbrittonAraya Artisan ChocolateAtrium Ready to WearBarnes & NobleBeautifully BronzedBrasserie 19Busy BodyC’est Chic by CarmineCafe GingerCalifornia Pizza KitchenCarleen LigozioCasa de Novia Bridal CoutureChalet Fine Wines Chandail NeedleworkChico’sEpicure Caféfrancesca’sFull Blown Dry BarFuzzy’s Taco ShopGAPGymboreeHemlineInternational Derma SpaJ. JillJ. McLaughlinJos A. BankKartellKroger Signature GroceryLa Griglia Restaurant

la MadeleineLensCraftersLocal PourMA Modern AcupunctureMacaron by PatisseMarble Slab CreameryMarfrelessMutual of Omaha BankNatural PawzNina McLemorePhenix Salon Suites Pure BarreRiver Oaks FitnessRiver Oaks TheaterRYDESaint CloudStarbucks (North Side)Starbucks (South Side)Steinway Piano GallerySteven Cash DiamondsSunglass HutSur La TableTalbotsTGF Hair SalonThe Mad PotterThe Texas Art GalleryU.S. CleanersV’s BarbershopVikari InternationalWhite House | Black Market

HERMANN PARK RIVER OAKS SHOPPING CENTER

EDDIE V’S AT MIDTOWNMIDTOWN


ww

w.dm

reland.com

10-10-11

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 who acts as a buyer’s agent represents the buyer. 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

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

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 that 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 written 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 that 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.

Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov)

TREC No. OP-K

12

777 POST OAK BLVDHOUSTON, TEXAS 77056

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