4.16 Acres in Sealy, TX - $297,398
Frank Johnston of Heritage Texas Country Properties and the Retail Development Team of Coldwell Banker Commercial in Brenham (CBC Brenham) are proud to present THE STERLING MCCALL PAVILIONS OF SEALY. This 4.1+ acre Developer Package B is $297,398 or $1.64 per SF. 100% FINANCING AVAILABLE! Located in the city limits of Sealy on US Highway 90 with excellent Interstate 10 visibility and access, property is available in nine alternative offerings.
HIGHLIGHTS
(1) The entire 8.87 acres Sterling McCall Pavilions of Sealy. Offered at $850,000 or $2.20 per square SF. Two developer packages (A and B) or seven distinct Pavilions/tracts can be purchased.
(a) DEVELOPER PACKAGE A. Contains Pavilions #1, 2 and 3. Potential uses include mixed use, home improvement/building supply or motel. 4.7076 acres at $643,898 or $3.14 per SF.
(b) Pavilion # 1. Retail pad site. 1.04 acres at $249,64...
(b) Pavilion # 1. Retail pad site. 1.04 acres at $249,642 or $5.50 per SF.
(c) Pavilion # 2. Retail pad site. 1.01 acres at $242,456 or $5.50 per SF.
(d) Pavilion # 3. Excellent location for a motel or mixed-use plan. 2.65 acres at $456,584 or $3.95 per SF.
(e) DEVELOPER PACKAGE B. Contains Pavilions # 4, 5, 6 and 7. Ideal location for an apartment complex; home center, home improvements and building materials site; large consumer electronics business; and/or furniture and home furnishings business. Four retail, professional, service or light industrial pad sites, mini-warehouse or warehouse/office park. 4.1630 acres at $297,398 or $1.64 per SF.
(f) Pavilion # 4. Retail, professional, service or light industrial pad site. 1.04 acres at $158,673 or $3.50 per SF.
(g) Pavilion # 5. Retail, professional, service or light industrial pad site. 1.04 acres at $147,347 or $3.25 per SF.
(h) Pavilion # 6. Retail, professional, service or light industrial pad site. 1.04 acres at $136,008 or $3.00 per SF.
(i) Pavilion # 7. Retail, professional, service or light industrial pad site, 1.04 acres at $124,671 or $2.75 per SF.
(2) Up to 100% FINANCING available including land, new construction, improvements and capital equipment.
(3) Many development and planning experts refer to Sealy as the “next Katy”.
(4) Developer Gross Return Analysis projects a $269,290 gross return or a 90.55% return for the investor(s).
(5) Ideal location for a home center, home improvements and building materials site based on: local unmet consumer demand, projected growth in consumer spending, population growth, projected Interstate 10 traffic increases, highway access and visibility ("Local Attributes").
(6) Although mini-storage demand data is not yet available, we believe Developer Package B is an outstanding location for a mini-storage or warehouse/office park.
(7) Although local housing data is not yet available, we believe tracts 4-7 are an outstanding apartment location.
(8) Great location to maximize Interstate 10 traffic and US Highway 90 traffic for Sealy services as well as serving the regional Sealy area.
(9) Strategically located just 33 minutes to the Houston Interstate 10/West Sam Houston Beltway interchange.
(10) Local top five categories of consumer spending each projected to increase by over $600 K in 2008 at a 3-mile radius.
(11) Local top five unmet retail opportunities average $6.1 M+ at a 3-mile radius and $3.6 M+ at a 2-mile radius.
(12) Vibrant Austin County 2008 economy estimated at $750 M+ and growing at a 5.3%+ annual rate.
Call 979.421.9795 to contact any member of the joint listing team: Frank Johnston with Heritage Texas Country Properties; or Diane Alexander, Tootie Lyons, George Alexander or Chris DeAlmeida with CBC Brenham. You can also contact the team by email.
SITE PLAN CONSIDERATIONS
Pavilions # 4-7:
Although housing data is not yet available, we believe that location and pricing make it an excellent option for an apartment complex.
Although industrial data is not yet available, we believe Pavilions # 4-7 are excellent options for light industrial or a business providing services and support to industrial companies.
Based on Local Attributes and property size, select retail, professional or service businesses are an excellent match.
Developer Gross Return Analysis:
The following summarizes gross potential developer returns from purchasing at list price, selling each tract at suggested list price, and excluding any costs incurred (“Developer Gross Return Analysis”).
In this scenario, the purchase price is $297,398 for the new buyer. The subsequent gross sales proceeds from selling the four tracts are $566,688. Developer Gross Return Analysis projects a $269,290 gross return or a 90.55% return for the investor(s).
Note that our assumption regarding this scenario is that Developer Package B carries a higher risk as it does not offer US Highway 90 frontage or Interstate 10 visibility. In addition, tracts five through seven have gravel road frontage at this time. As a result, the targeted gross percentage return is higher.
Developer Gross Return Analysis Limitation:
This Developer Gross Return Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions stated. We recommend you perform your own potential gross returns analysis and planning regarding your acquisition of any or all of the Sterling McCall Pavilions of Sealy. We recommend you consult your professional advisors for assistance.
FINANCING
With a unique combination of loan alternatives including subordinated owner financing, up to 100% financing is available. Financing can include land, new construction, improvements and capital equipment.
A decision on any subordinated owner financing is at the complete discretion of the owner. Factors that may be considered include qualifications, terms, equity structure, site and/or development plan and others. The interest on the subordinated mortgage is two percent or 200 basis points above your first mortgage. For example, with a first mortgage at 6.25%, the subordinated mortgage will be at 8.25%. If the first mortgage adjusts, the subordinated mortgage adjusts at the same time. The subordinated loan incorporates a 30-year amortization schedule with a final balloon payment due in five years.
ADDITIONAL INTERNET LINKS
Available upon request:
(1) Dedicated website link
(2) Downloadable PDF and JPG graphics and pictures links
(3) Demographic and econometric reports link
(4) Detailed listing with extensive analysis links
FRONTAGE
Developer Package B offers approximately 867’ total road frontage. Frontage includes approximately 368’ of estimated frontage on Koy Underpass Road and approximately 499' on Old Sealy Frydek Road. This location provides excellent Interstate 10 and US Highway 90 access.
Koy Underpass Road is currently a “hard pack” style gravel road with no known City of Sealy plans for paving. Old Sealy Frydek is a loose gravel and dirt road with no known City of Sealy plans for paving.
This extensive frontage can easily support multiple businesses located at the Sterling McCall Pavilions of Sealy.
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