baker office building -...

SVN | Trinity Advisors | 3000 Race Street, Suite 100, Fort Worth, TX 76111 OFFERING MEMORANDUM

BAKER OFFICEBUILDING6821 BAKER BLVDRICHLAND HILLS, TX 76118

Steve Fithian, CCIM, CPM, SECManaging [email protected]

Carl Brown, CCIM, RPAProperty Manager/Leasing [email protected]

6821 Baker Blvd | Richland Hills, TX 76118

PROPERTY INFORMATIONFOR SALE | OFFICE

All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

1 PROPERTY INFORMATIONPROPERTY

INFORMATION6821 Baker Blvd

Richland Hills, TX 76118

BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors |

OFFERING SUMMAROFFERING SUMMARYY

Sale Price: $295,000

Lot Size: 0.4 Acres

Year Built: 1963

Building Size: 4,025

Market: Fort Worth

Submarket: NE Tarrant County

Price / SF: $73.29

High quality brick construction office building. Ideal for investment or owner-user.

PROPERPROPERTTY OY OVERVERVIEWVIEW

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

• Great Visibility and Signage from Street

• 20 minutes to DFW airport

• Well-Maintained Building


Executive Summary


High quality brick construction office building. Ideal for investment or owner-user.

PROPERPROPERTTY OY OVERVERVIEWVIEW

Within 5 minutes drive from highway 121, 820 & 183. Easy access. Good visibility.

LLOCOCAATION OTION OVERVERVIEWVIEW

Property Description

SSALE PRICEALE PRICE $295,$295,000000

LLOCOCAATION INFTION INFORMAORMATIONTION

Building Name Baker Office Building

Street Address 6821 Baker Blvd

City, State, Zip Richland Hills, TX 76118

County/Township Tarrant

Market Fort Worth

Submarket NE Tarrant County

Cross Streets W. Hurst Blvd.

BUILDING INFBUILDING INFORMAORMATIONTION

Building Size 4,025 SF

Building Class B

Tenancy Multiple

Number Of Floors 1

Average Floor Size 4,025 SF

Year Built 1963

Roof Composition

Free Standing Yes

Walls Drywall

Floor Coverings Carpet, Laminate

Exterior Walls Brick Veneer

Foundation Slab

PROPERPROPERTTY DETY DETAILSAILS

Property Type Office

Property Subtype Office Building

Lot Size 17,250 SF

APN# 01201921

Lot Frontage 112

Lot Depth 157

Corner Property Yes

PPARKING & TRANSPORARKING & TRANSPORTTAATIONTION

Number Of Spaces 16

Parking Description Assigned Parking

UTILITIES & AMENITIESUTILITIES & AMENITIES

Central HVAC Electric

Utilities Description Central Air-Elec, Central Heat-Gas, City Sewer, City Water,

Master Gas Meter, Master Water Meter, Overhead Utilities


Property Details


Additional Photos

Baker Office Building


Regional Map


Location Maps


Financials

Baker Office Building


Aerial Map


Survey


Site Plan

INVESINVESTMENT OTMENT OVERVERVIEWVIEW

Price $295,000Price per SF $73.29CAP Rate -Cash-on-Cash Return (yr 1) - %Total Return (yr 1) -Debt Coverage Ratio -

OPERAOPERATING DTING DAATTAA

Gross Scheduled Income -Other Income -Total Scheduled Income -Vacancy Cost -Gross Income -Operating Expenses -Net Operating Income -Pre-Tax Cash Flow -

FINANCING DFINANCING DAATTAA

Down Payment -Loan Amount -Debt Service -Debt Service Monthly -Principal Reduction (yr 1) -


Financial Summary

INCINCOME SUMMAROME SUMMARYY PER SFPER SF

GrGross Ioss Incncomeome -- --

EXPENSE SUMMAREXPENSE SUMMARYY PER SFPER SF

GrGross Expensesoss Expenses -- --

NNeet Opert Operaating Iting Incncomeome -- --


Income & Expenses

1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 9,095 76,558 232,367

Median age 37.9 36.3 35.1

Median age (male) 34.8 34.3 33.9

Median age (female) 40.7 38.3 36.4

Total households 3,311 29,403 88,554

Total persons per HH 2.7 2.6 2.6

Average HH income $59,234 $61,581 $61,330

Average house value $129,817 $132,704 $130,454

* Demographic data derived from 2010 US Census


Demographics Report

Demographic and Income Profile6821 Baker Blvd, Fort Worth, Texas, 76118 Prepared by EsriRing: 1 mile radius Latitude: 32.80928

Longitude: -97.23529

Summary Census 2010 2017 2022Population 8,259 9,060 9,639Households 3,070 3,349 3,558Families 2,020 2,179 2,298Average Household Size 2.64 2.65 2.66Owner Occupied Housing Units 1,930 1,959 2,055Renter Occupied Housing Units 1,140 1,390 1,503Median Age 37.7 38.3 38.5

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 1.25% 1.67% 0.83%Households 1.22% 1.63% 0.79%Families 1.07% 1.58% 0.71%Owner HHs 0.96% 1.58% 0.72%Median Household Income 1.68% 2.23% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 326 9.7% 337 9.5%$15,000 - $24,999 394 11.8% 377 10.6%$25,000 - $34,999 322 9.6% 296 8.3%$35,000 - $49,999 534 15.9% 500 14.1%$50,000 - $74,999 762 22.8% 751 21.1%$75,000 - $99,999 436 13.0% 514 14.4%$100,000 - $149,999 368 11.0% 497 14.0%$150,000 - $199,999 105 3.1% 144 4.0%$200,000+ 101 3.0% 140 3.9%

Median Household Income $52,094 $56,627Average Household Income $66,183 $76,345Per Capita Income $25,696 $29,411

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 616 7.5% 637 7.0% 675 7.0%5 - 9 557 6.7% 606 6.7% 641 6.7%10 - 14 546 6.6% 568 6.3% 631 6.5%15 - 19 519 6.3% 508 5.6% 557 5.8%20 - 24 482 5.8% 552 6.1% 532 5.5%25 - 34 1,114 13.5% 1,267 14.0% 1,332 13.8%35 - 44 1,080 13.1% 1,139 12.6% 1,257 13.0%45 - 54 1,150 13.9% 1,088 12.0% 1,077 11.2%55 - 64 963 11.7% 1,173 12.9% 1,178 12.2%65 - 74 585 7.1% 808 8.9% 967 10.0%75 - 84 421 5.1% 456 5.0% 542 5.6%

85+ 225 2.7% 257 2.8% 248 2.6%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 6,457 78.2% 6,695 73.9% 6,839 71.0%Black Alone 271 3.3% 354 3.9% 420 4.4%American Indian Alone 89 1.1% 98 1.1% 105 1.1%Asian Alone 182 2.2% 238 2.6% 284 2.9%Pacific Islander Alone 32 0.4% 43 0.5% 52 0.5%Some Other Race Alone 883 10.7% 1,178 13.0% 1,402 14.5%Two or More Races 344 4.2% 454 5.0% 536 5.6%

Hispanic Origin (Any Race) 2,061 25.0% 2,679 29.6% 3,204 33.2%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

July 12, 2017

©2017 Esri Page 1 of 6



AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

2.22

1.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20172022

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2017 Household Income 2017 Household Income

<$15K9.7%

$15K - $24K11.8%

$25K - $34K9.6%

$35K - $49K15.9%

$50K - $74K22.8%

$75K - $99K13.0%

$100K - $149K11.0%

$150K - $199K3.1%

$200K+3.0%

2017 Population by Race2017 Population by Race

Perc

ent

70

60

50

40

30

20

10

0White Black Am. Ind. Asian Pacific Other Two+

2017 Percent Hispanic Origin: 29.6%


July 12, 2017







<$15,000 2,839 9.1% 2,895 8.9%$15,000 - $24,999 3,420 11.0% 3,354 10.3%$25,000 - $34,999 3,695 11.9% 3,420 10.5%$35,000 - $49,999 5,202 16.7% 4,890 15.0%$50,000 - $74,999 6,663 21.4% 6,614 20.3%$75,000 - $99,999 3,807 12.2% 4,390 13.5%$100,000 - $149,999 3,508 11.3% 4,484 13.8%$150,000 - $199,999 1,010 3.2% 1,300 4.0%$200,000+ 934 3.0% 1,166 3.6%



0 - 4 5,704 7.6% 5,644 7.0% 5,959 7.1%5 - 9 5,225 6.9% 5,459 6.8% 5,602 6.7%10 - 14 4,844 6.4% 5,094 6.3% 5,461 6.5%15 - 19 4,857 6.4% 4,702 5.9% 5,045 6.0%20 - 24 5,304 7.0% 5,525 6.9% 5,563 6.6%25 - 34 11,170 14.8% 12,186 15.2% 12,595 15.0%35 - 44 9,995 13.3% 10,146 12.6% 10,997 13.1%45 - 54 10,326 13.7% 9,862 12.3% 9,489 11.3%55 - 64 7,996 10.6% 9,421 11.7% 9,685 11.5%65 - 74 4,919 6.5% 6,711 8.4% 7,685 9.1%75 - 84 3,441 4.6% 3,672 4.6% 4,257 5.1%

85+ 1,550 2.1% 1,861 2.3% 1,836 2.2%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 54,959 73.0% 55,190 68.7% 55,541 66.0%Black Alone 5,704 7.6% 6,962 8.7% 7,901 9.4%American Indian Alone 628 0.8% 655 0.8% 681 0.8%Asian Alone 3,625 4.8% 4,484 5.6% 5,197 6.2%Pacific Islander Alone 210 0.3% 268 0.3% 311 0.4%Some Other Race Alone 7,854 10.4% 9,788 12.2% 11,166 13.3%Two or More Races 2,349 3.1% 2,937 3.7% 3,378 4.0%



July 12, 2017




AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

2.22

1.81.61.41.2

10.80.60.40.2


20172022


Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K9.1%

$15K - $24K11.0%

$25K - $34K11.9%

$35K - $49K16.7%

$50K - $74K21.4%

$75K - $99K12.2%

$100K - $149K11.3%

$150K - $199K3.2%

$200K+3.0%


Perc

ent

65605550454035302520151050

White Black Am. Ind. Asian Pacific Other Two+



July 12, 2017







<$15,000 8,022 8.7% 8,360 8.6%$15,000 - $24,999 9,755 10.5% 9,601 9.9%$25,000 - $34,999 10,210 11.0% 9,445 9.7%$35,000 - $49,999 14,500 15.6% 13,573 14.0%$50,000 - $74,999 20,116 21.7% 19,842 20.4%$75,000 - $99,999 12,430 13.4% 14,099 14.5%$100,000 - $149,999 11,633 12.6% 14,592 15.0%$150,000 - $199,999 3,585 3.9% 4,587 4.7%$200,000+ 2,408 2.6% 3,012 3.1%



0 - 4 18,414 8.0% 18,203 7.3% 19,080 7.3%5 - 9 17,150 7.4% 17,926 7.2% 18,296 7.0%10 - 14 16,058 6.9% 16,971 6.9% 18,174 7.0%15 - 19 15,463 6.7% 15,365 6.2% 16,571 6.4%20 - 24 15,882 6.9% 16,741 6.8% 16,896 6.5%25 - 34 34,861 15.1% 37,644 15.2% 38,743 14.9%35 - 44 32,052 13.9% 32,695 13.2% 35,345 13.6%45 - 54 32,231 13.9% 31,247 12.6% 30,227 11.6%55 - 64 24,076 10.4% 28,606 11.5% 29,398 11.3%65 - 74 13,270 5.7% 19,077 7.7% 22,252 8.6%75 - 84 8,273 3.6% 9,166 3.7% 11,084 4.3%

85+ 3,338 1.4% 4,087 1.6% 4,136 1.6%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 157,712 68.3% 158,949 64.2% 160,131 61.5%Black Alone 28,495 12.3% 33,922 13.7% 37,942 14.6%American Indian Alone 1,645 0.7% 1,702 0.7% 1,762 0.7%Asian Alone 10,708 4.6% 13,461 5.4% 15,601 6.0%Pacific Islander Alone 495 0.2% 639 0.3% 742 0.3%Some Other Race Alone 24,731 10.7% 30,047 12.1% 33,731 13.0%Two or More Races 7,281 3.2% 9,009 3.6% 10,292 4.0%



July 12, 2017




AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

2.22

1.81.61.41.2

10.80.60.40.2


20172022


Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K8.7%

$15K - $24K10.5%

$25K - $34K11.0%

$35K - $49K15.6%

$50K - $74K21.7%

$75K - $99K13.4%

$100K - $149K12.6%

$150K - $199K3.9%

$200K+2.6%


Perc

ent

605550454035302520151050

White Black Am. Ind. Asian Pacific Other Two+



July 12, 2017


3000 Race Street, Suite 100Fort Worth, TX 76111T 817.288.5524C [email protected] #0407418

PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND

Steve Fithian serves as Senior Advisor and Managing Director for SVN | Trinity Advisors. With over 25 years ofcommercial real estate experience, Fithian specializes in selling and overseeing investment property sales that includemultifamily, mini-warehouse, office, retail, undeveloped land and finished lots. He also organizes, manages, and acts asthe general partner in property partnerships.

Fithian holds the designation of Certified Commercial Investment Member (CCIM) and is the former chairperson of theNorth Texas Chapter CCIM Membership Committee. In 2011, he was named a counselor to the Society of ExchangeCounselors. The Society of Exchange Counselors is a marketing group consisting of approximately 100 investmentbrokers from various parts of the country who have proven their skills at solving clients' problems.

Fithian also is a member of the Texas Association of REALTORS where he was appointed a member of the 2004Regulatory & Private Property Rights Task Force. In addition, he is a member and former chairman of the Society ofCommercial REALTORS in Fort Worth. In 2008, he received the Charles D. Tandy Commercial REALTOR of the Year Award,which is given by the Society of Commercial REALTORS to the REALTOR who best exemplifies the highest professionalstandards for commercial real estate. In 2002, he was awarded the William C. Jennings Award for CommercialTransaction of the Year in Texas by the Texas Association of REALTORS. Fithian has also received several sales awardsfrom SVN including Partner's Circle awards in 2005, 2006, and 2014, and the Achiever's Award in 2007, 2008, 2009 and2010.

Fithian is a licensed broker in Texas and California, and is a certified public accountant. Additionally, he earned aBachelor of Arts in economics with an emphasis in accounting from Claremont McKenna College.

SSTEVE FITHIAN, CTEVE FITHIAN, CCIM, CPM, SECIM, CPM, SECC

Managing Director


Steve Fithian Bio & Contact

3000 Race Street, Suite 100Fort Worth, TX 76111T 817.915.7742C [email protected]

PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND

Carl Brown, an Advisor for SVN | Trinity Advisors, specializes in commercial property management. From 2007 until 2013,Carl was with Fidelity Asset Management (FAM). His responsibilities covered multiple locations of up to 500,000 squarefeet of commercial real estate. These properties included office, retail, and industrial warehouses. Carl serviced the lifecycle of Tenant relations, from the maketing of the property, writing the Lease Agreements, collections, and overseeingrepairs.

Prior to joining the commercial real estate industry, Carl worked in his family's electrical contracting business. He holds aMasters Electrical license, and has twenty-two years of experience working with clients such as Bank One, Grubbs AutoDealerships, and several property management companies. This background in electrical construction enabled him toprovide an additional level of expertise in the management of his properties.

Carl is a member of the Society of Commercial Realtors, and the Greater Fort Worth Association of Realtors. Hisdesignations include a (CCIM) Certified Commercial Investment Member, (RPA) Real Property Administrator, and (FMA)Facilities Management Administration. In 1989 he earned his accounting degree from Oklahoma Christian College. This iswhere he met his wife of twenty-six years, Jill. Together they are raising two teenagers and are active in the school,church, and community of Joshua, Texas.

CCARL BROARL BROWN, CWN, CCIM, RPCIM, RPAA

Property Manager/Leasing Advisor


Carl Brown Bio & Contact

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:

• 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 client 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 that the written asking price;

• That the buyer/tenant will pay a price greater that 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 AGREEMENT 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.

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.

Licensed Broker / Broker Firm Name or Primary Assumed Business Name License Number Email Phone

Designated Broker of Firm License Number

License Number

License Number

Email

Email

Email

Phone

Phone

Phone

Licensed Supervisor of Sales Agent / Associate

Sales Agent / Associate’s Name

DFW Trinity Advisors, LLC

Stephen H. Fithian

James Blake

Carl Brown

9004520

0407418

340987

497561

[email protected]

[email protected]

[email protected]

[email protected]

817-288-5525

817-288-5524

817-288-5508

817-915-7742

Buyer/Tenant/Seller/Landlord Initials Date BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors |

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