collin county princeton crossroads crossroads, located in princeton, texas, is situated within...

11
PRINCETON CROSSROADS COLLIN COUNTY PRINCETON CROSSROADS PRINCETON, TX RANGE REALTY ADVISORS 3625 N. HALL STREET, SUITE 630 DALLAS, TX 75219 214-416-8222 RANGEREALTYADVISORS.COM

Upload: others

Post on 26-Apr-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

PRINCETONCROSSROADS

COLLIN COUNTY

PRINCETON CROSSROADS PRINCETON, TX

RANGE REALTY ADVISORS

3625 N. HALL STREET, SUITE 630 DALLAS, TX 75219

214-416-8222 RANGEREALTYADVISORS.COM

Page 2: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

PRINCETONCROSSROADS

PRINCETON CROSSROADS PROPERTY OVERVIEW

PD (Planned Development)

US Highway 380 at Boorman Lane Princeton, TX 75407

± 1.5 Miles Along State Highway 380 (North and South side of highway)

Princeton/McKinney/Fairview

Residential Single Family, Multifamily, Commercial, Restaurant, Hospitality

Collin

Princeton ISD

± 297.106 Acres

Water: Completed Sewer: Complete August 2019

± 19,200 VPD Along US Highway 380@ Princeton High School ± 28,732 VPD Along US Highway 380@ Walmart

ZONINGLOCATION

FRONTAGESUBMARKET

LAND USECOUNTY

SCHOOL DISTRICTLAND AREA

UTILITIESTRAFFIC COUNTS

Princeton Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton benefits from easy access to both US Highway 380 and 75.

Over the past five years, Princeton has seen strong growth in terms of new residential development. Since 2012, Princeton has experienced a 416% increase in new housing starts and a 65% appreciation in median home prices.

2

Page 3: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

PRINCETON CROSSROADS AERIAL PHOTOGRAPHY

3

Page 4: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

PRINCETON CROSSROADS SURROUNDING DEVELOPMENT

EW

ETJ

MAP KEY

EW

ETJ

MAP KEY

Princeton Crossroads_Raw LandTexas, AC +/-

Boundary Boundary Boundary Boundary

Dillon CookP: 214-416-8223 [email protected] 3625 North Hall Street, Suite 630, Dallas, TX 75219

The information contained herein was obtained from sourcesdeemed to be reliable. MapRight Services makes no warrantiesor guarantees as to the completeness or accuracy thereof.844.932.6277 - mapright.com

ABBEY CROSSING520+ LOTS

AVALON34 LOTS

HARVEST POINT883 LOTS

PARK TRAILS870 LOTS

MONTE CARLO146 ACRES

LAKE LAVON

CYPRESS BEND

382 LOTS

PRINCETONLAKES70 LOTS

HILLSIDE40.3 ACRES

TRAILS AT RIVERSTONE

553 LOTS

CREEKVIEW171 LOTS

VILLAS ATMONTE CARLO

130 ACRES

RAGON ESTATES43 ACRES

WHITEWING TRAILS

3,444 LOTS

PRINCETONESTATES287 LOTS

PRINCETONCROSSROADS

ARCADIA FARMS976 LOTS

PRINCETON BUSINESS PARK

MYRICK LN

MONTE CARLO BLVD

2ND

ST

BOORMAN LN

Princeton High School

4A1,125 Students

McKinney National Aiport

9.3 Miles

WINCHESTER ESTATES1,199 LOTS

EXISTING

PROPOSED

UNDERWAY

SURROUNDING DEVELOPMENT KEYSTATUS COLOR # OF LOTS

+/ - 275

+/ - 4,123

+/ - 2,048

+/ - 975

PROJECTEDPOPULATION

+/- 825

+/ - 12,369

+/ - 6,144

+/ - 2,925

TOTAL +/ - 7,421 +/ - 22,263

4

PRINCETON CROSSROADS

Page 5: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

PRINCETON CROSSROADS PRICING

5

NUMBER PARCEL NET ACRES SQUARE FEET PPSF PPAC TOTAL

1 Single Family Residential 87.424 3,808,189.44 $ -- $ -- Sold

2 Townhome 13.399 583,660.44 $2.75 $119,790 $1,605,066

3 City Hall 14.654 638,328.24 $ -- $ -- Sold

4 Hotel 2.592 112,907.52 $5.50 $239,580 $620,991

5 Hotel 1.429 62,247.24 $6.00 $261,360 $373,483

6 Commercial/Senior Living 6.502 283,227.12 $6.50 $283,140 $1,840,976

7 Multifamily 10.536 458,948.16 $4.00 $174,240 $1,835,793

8A Commercial/Medical/Other 13.115 571,289.40 $4.50 $196,020 $2,570,802

8B Commercial/Medical/Other 9.706 422,793,36 $4.25 $185,130 $1,796,872

9 Multifamily 9.256 403,191.36 $ -- $ -- Sold

9A Retail/Entertainment/Medical 11.187 487,305.72 $4.25 $185,130 $2,071,049

9B Retail/Entertainment/Medical 23.698 1,032,284.88 $4.25 $185,130 $4,387,211

9C Retail/Entertainment/Medical 15.452 673,089.12 $4.00 $174,240 $2,692,356

10 Multifamily 12.000 522,720.00 $ -- $ -- Contract Pending

11 Self Storage 6.258 272,598.48 $5.25 $228,690 $1,431,142

12 Commercial/Senior Living/Office 5.066 220,674.96 $4.50 $196,020 $993,037

13 Commercial/Senior Living/Office 2.363 102,932.28 $3.50 $152,460 $360,263

14 Pad Site 1.992 86,771.52 $14.25 $620,730 $1,236,494

UNDER

CONTRACT

MAP KEY

CONTRACT

PENDING

EW

NEGOTIATING

LOI

CLOSED

1

2

3 4

268B

5

6 7

9

9B 9C9A

10 11 1213

1415

1716

1819

2021

22

23

29 3028

35

33

34

8A

3227

31

24 25

Page 6: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

PRINCETON CROSSROADS PRICING

6

UNDER

CONTRACT

MAP KEY

CONTRACT

PENDING

EW

NEGOTIATING

LOI

CLOSED

NUMBER PARCEL NET ACRES SQUARE FEET PPSF PPAC TOTAL

15 Pad Site 1.119 48,743.64 $ -- $-- Under Contract

16 Pad Site 1.855 80,803.80 $13.50 $588,060 $1,090,851

17 Pad site 2.379 103,629.24 $13.00 $566,280 $1,347,180

18 Pad Site 1.826 79,540.56 $13.00 $566,280 $1,034,027

19 Pad Site 1.298 56,540.88 $12.00 $522,720 $678,491

20 Pad Site 1.467 63,902.52 $13.75 $598,950 $878,660

21 Pad Site 1.350 58,806.00 $11.50 $500,940 $676,269

22 Pad Site 1.205 52,489.80 $11.25 $490,050 $590,510

23 Pad Site 1.023 44,561.88 $14.00 $609,840 $623,866

24 Pad Site 1.010 43,995.60 $14.00 $609,840 $615,938

25 Pad Site 1.010 43,995.60 $14.00 $609,840 $615,938

26 Pad Site 1.092 47,567.52 $14.00 $609,840 $665,945

27 Pad Site 1.178 51,313.68 $9.50 $413,820 $487,480

28 Pad Site 1.089 47,436.84 $9.50 $413,820 $450,650

29 Pad Site 1.091 47,523.96 $9.50 $413,820 $451,478

30 Pad Site 1.233 53,709.48 $9.50 $413,820 $510,240

31 Pad Site 1.432 62,377.92 $9.00 $392,040 $561,401

32 Pad Site 1.356 59,067.36 $9.00 $392,040 $531,606

1

2

3 4

268B

5

6 7

9

9B 9C9A

10 11 1213

1415

1716

1819

2021

22

23

29 3028

35

33

34

8A

3227

31

24 25

Page 7: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

PRINCETON CROSSROADS PRICING

7

NUMBER PARCEL NET ACRES SQUARE FEET PPSF PPAC TOTAL

33 Pad Site 1.369 59,633.64 $13.50 $588,060 $805,054

34 Pad Site 1.788 77,885.28 $13.50 $588,060 $1,051,451

35 Pad Site 1.500 65,340.00 $12.00 $522,720 $784,080

UNDER

CONTRACT

MAP KEY

CONTRACT

PENDING

EW

NEGOTIATING

LOI

CLOSED

1

2

3 4

268B

5

6 7

9

9B 9C9A

10 11 1213

1415

1716

1819

2021

22

23

29 3028

35

33

34

8A

3227

31

24 25

Page 8: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

ABOUT US

PRINCETON CROSSROADS ABOUT US

• Valuations• Conceptual Land Use Planning• Zoning and Regulatory Approvals• Public Improvement District (PID)

Formation• Strategic Marketing Plans• Property Entitlement and Advocacy • Debt and Equity Placement• Property and Asset Management

• Investment Property Sales and Acquisitions

• Advisory and Consulting Services• Finance and Capital Markets• Real Estate Investments and

Management

Range is a full service commercial real estate brokerage, advisory, finance, and investment firm. Our clients include individual, institutional, and international investors, developers, family offices, and governmental entities. We represent clients seeking to acquire or sell real estate assets and assist in maximizing the return on those assets. To that end, we add value to investment real estate properties through procuring entitlement and regulatory approvals; enhancing property value through infrastructure expansion; facilitating public/private partnerships; and negotiating economic incentives from municipalities and other governmental entities.

OUR SERVICESAREAS OF PRACTICEWHAT WE DO

8

Page 9: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

PRINCETON CROSSROADS CONTACT INFORMATION

9

CONTACT INFORMATION

Our industry experts are here to provide you with the answers you need. Please feel free to contact Range Realty Advisors so that we may further assist you with your real estate needs.

Office: 214-416-8222 Desk: 214-416-8224Cell: 214-244-5047 [email protected]

CHRIS BURROW Founding Partner, CEO

Office: 214-416-8222 Desk: 214-416-8223 Cell: 214-738-3857 [email protected]

DILLON COOK Founding Partner, COO

Office: 214-416-8222 Desk: 214-416-8225Cell: 214-683-7431 [email protected]

TOM STERQUELL Senior Vice President

Office: 214-416-8222 Desk: 214-416-8226 Cell: 757-404-7414 [email protected]

RANNY RANDOLPH Associate

Page 10: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

RANGE REALTY ADVISORS

3625 N. HALL STREET, SUITE 630 DALLAS, TX 75219

214-416-8222 RANGEREALTYADVISORS.COM

THIS INFORMATION IS FROM SOURCES BELIEVED TO BE RELIABLE, BUT RANGE REALTY ADVISORS, LLC HAS NOT VERIFIED THE ACCURACY OF THE INFORMATION. RANGE REALTY ADVISORS, LLC MAKES NO GUARANTEE, WARRANTY OR REPRESENTATION AS TO THE INFORMATION, AND ASSUMES NO RESPONSIBILITY FOR ANY ERROR, OMISSION OR INACCURACY. THE INFORMATION IS SUBJECT TO POSSIBILITY OF ERRORS, OMISSIONS, CHANGES OF CONDITION, INCLUDING PRICE, OR WITHDRAWAL WITHOUT NOTICE. ANY PROJECTIONS, ASSUMPTIONS OR ESTIMATES ARE FOR ILLUSTRATIVE PURPOSES ONLY. RECIPIENTS SHOULD

CONDUCT THEIR OWN INVESTIGATION.

Page 11: COLLIN COUNTY PRINCETON CROSSROADS Crossroads, located in Princeton, Texas, is situated within booming Collin County. Located between the cities of McKinney and Greenville, Princeton

11-2

-201

5

TYPE

S O

F RE

AL E

STAT

E LI

CEN

SE H

OLD

ERS:

A BR

OKE

R is

resp

onsi

ble

for a

ll br

oker

age

activ

ities

, inc

ludi

ng a

cts p

erfo

rmed

by

sale

s age

nts s

pons

ored

by

the

brok

er.

A

SALE

S AG

ENT

mus

t be

spon

sore

d by

a b

roke

r and

wor

ks w

ith c

lient

s on

beha

lf of

the

brok

er.

A BR

OKE

R’S

MIN

IMU

M D

UTI

ES R

EQU

IRED

BY

LAW

(A c

lient

is th

e pe

rson

or p

arty

that

the

brok

er re

pres

ents

):

Put t

he in

tere

sts o

f the

clie

nt a

bove

all

othe

rs, i

nclu

ding

the

brok

er’s

ow

n in

tere

sts;

In

form

the

clie

nt o

f any

mat

eria

l inf

orm

ation

abo

ut th

e pr

oper

ty o

r tra

nsac

tion

rece

ived

by

the

brok

er;

An

swer

the

clie

nt’s

que

stion

s and

pre

sent

any

offe

r to

or c

ount

er-o

ffer f

rom

the

clie

nt; a

nd

Trea

t all

parti

es to

a re

al e

stat

e tr

ansa

ction

hon

estly

and

fairl

y.

A LI

CEN

SE H

OLD

ER C

AN R

EPRE

SEN

T A

PART

Y IN

A R

EAL

ESTA

TE T

RAN

SACT

ION

:

AS A

GEN

T FO

R O

WN

ER (

SELL

ER/L

ANDL

ORD

): T

he b

roke

r be

com

es t

he p

rope

rty

owne

r's a

gent

thr

ough

an

agre

emen

t w

ith t

he

owne

r, us

ually

in a

writt

en li

sting

to

sell

or p

rope

rty

man

agem

ent

agre

emen

t. An

ow

ner's

age

nt m

ust

perf

orm

the

bro

ker’s

min

imum

du

ties

abov

e an

d m

ust i

nfor

m th

e ow

ner

of a

ny m

ater

ial i

nfor

mati

on a

bout

the

prop

erty

or

tran

sacti

on k

now

n by

the

agen

t, in

clud

ing

info

rmati

on d

isclo

sed

to th

e ag

ent o

r sub

agen

t by

the

buye

r or b

uyer

’s a

gent

.

AS A

GEN

T FO

R BU

YER/

TEN

ANT:

The

bro

ker b

ecom

es th

e bu

yer/

tena

nt's

agen

t by

agre

eing

to re

pres

ent t

he b

uyer

, usu

ally

thro

ugh

a w

ritten

repr

esen

tatio

n ag

reem

ent.

A bu

yer's

age

nt m

ust p

erfo

rm th

e br

oker

’s m

inim

um d

uties

abo

ve a

nd m

ust i

nfor

m th

e bu

yer o

f any

m

ater

ial i

nfor

mati

on a

bout

the

prop

erty

or t

rans

actio

n kn

own

by th

e ag

ent,

incl

udin

g in

form

ation

disc

lose

d to

the

agen

t by

the

selle

r or

selle

r’s a

gent

.

AS A

GEN

T FO

R BO

TH -

IN

TERM

EDIA

RY:

To

act

as a

n in

term

edia

ry b

etw

een

the

parti

es t

he b

roke

r m

ust

first

obt

ain

the

writt

en

agre

emen

t of

eac

h pa

rty

to t

he t

rans

actio

n. T

he w

ritten

agr

eem

ent

mus

t st

ate

who

will

pay

the

bro

ker

and,

in c

onsp

icuo

us b

old

or

unde

rline

d pr

int,

set f

orth

the

brok

er's

oblig

ation

s as a

n in

term

edia

ry. A

bro

ker w

ho a

cts a

s an

inte

rmed

iary

:

M

ust t

reat

all

parti

es to

the

tran

sacti

on im

parti

ally

and

fairl

y;

May

, with

the

par

ties'

writt

en c

onse

nt, a

ppoi

nt a

diff

eren

t lic

ense

hol

der

asso

ciat

ed w

ith t

he b

roke

r to

eac

h pa

rty

(ow

ner

and

buye

r) to

com

mun

icat

e w

ith, p

rovi

de o

pini

ons a

nd a

dvic

e to

, and

car

ry o

ut th

e in

stru

ction

s of e

ach

part

y to

the

tran

sacti

on.

M

ust n

ot, u

nles

s spe

cific

ally

aut

horiz

ed in

writi

ng to

do

so b

y th

e pa

rty,

disc

lose

: ᴑ

that

the

owne

r will

acc

ept a

pric

e le

ss th

an th

e w

ritten

ask

ing

pric

e;ᴑ

that

the

buye

r/te

nant

will

pay

a p

rice

grea

ter t

han

the

pric

e su

bmitt

ed in

a w

ritten

offe

r; a

ndᴑ

any

confi

denti

al i

nfor

mati

on o

r an

y ot

her

info

rmati

on t

hat

a pa

rty

spec

ifica

lly i

nstr

ucts

the

bro

ker

in w

riting

not

to

disc

lose

, unl

ess r

equi

red

to d

o so

by

law

.

AS S

UBA

GEN

T: A

lice

nse

hold

er a

cts

as a

sub

agen

t whe

n ai

ding

a b

uyer

in a

tran

sacti

on w

ithou

t an

agre

emen

t to

repr

esen

t the

bu

yer.

A su

bage

nt c

an a

ssist

the

buye

r but

doe

s not

repr

esen

t the

buy

er a

nd m

ust p

lace

the

inte

rest

s of t

he o

wne

r firs

t.

TO A

VOID

DIS

PUTE

S, A

LL A

GRE

EMEN

TS B

ETW

EEN

YO

U A

ND

A BR

OKE

R SH

OU

LD B

E IN

WRI

TIN

G AN

D CL

EARL

Y ES

TABL

ISH:

The

brok

er’s

duti

es a

nd re

spon

sibili

ties t

o yo

u, a

nd y

our o

blig

ation

s und

er th

e re

pres

enta

tion

agre

emen

t.

Who

will

pay

the

brok

er fo

r ser

vice

s pro

vide

d to

you

, whe

n pa

ymen

t will

be

mad

e an

d ho

w th

e pa

ymen

t will

be

calc

ulat

ed.

LICE

NSE

HO

LDER

CO

NTA

CT IN

FORM

ATIO

N: T

his n

otice

is b

eing

pro

vide

d fo

r inf

orm

ation

pur

pose

s. It

doe

s not

cre

ate

an o

blig

ation

for

you

to u

se th

e br

oker

’s se

rvic

es. P

leas

e ac

know

ledg

e re

ceip

t of t

his n

otice

bel

ow a

nd re

tain

a c

opy

for y

our r

ecor

ds.

Info

rmat

ion

Abou

t Bro

kera

ge S

ervi

ces

Texa

s law

requ

ires a

ll re

al e

stat

e lic

ense

hol

ders

to g

ive

the

follo

win

g in

form

ation

abo

ut

brok

erag

e se

rvice

s to

pros

pecti

ve b

uyer

s, te

nant

s, se

llers

and

land

lord

s.

.

Desig

nate

d Br

oker

of F

irm

Lice

nse

No.

Em

ail

Phon

e

Lice

nsed

Sup

ervi

sor o

f Sal

es A

gent

/As

soci

ate

Li

cens

e N

o.

Emai

l Ph

one

Lice

nsed

Bro

ker /

Brok

er F

irm N

ame

or

Prim

ary

Assu

med

Bus

ines

s Nam

e

Lice

nse

No.

Em

ail

Phon

e

Regu

late

d by

the

Texa

s Rea

l Est

ate

Com

miss

ion

Inf

orm

ation

ava

ilabl

e at

ww

w.tr

ec.te

xas.g

ov

I

ABS

1-0

Dat

e Bu

yer/T

enan

t/Sel

ler/L

andl

ord

Initi

als

Sale

s Age

nt/A

ssoc

iate

’s N

ame

Lice

nse

No.

Em

ail

Phon

e

Ran

geR

ealty

Advi

sors

,LLC

9008

180

info

@ra

nger

ealty

advi

sors

.com

214-

416-

8222

Thom

asSt

erqu

ell

0558

966

tste

rque

ll@ra

nger

ealty

advi

sors

.com

214-

416-

8225

Thom

asSt

erqu

ell

0558

966

tste

rque

ll@ra

nger

ealty

advi

sors

.com

214-

416-

8225

Dillo

nC

ook

0650

315

dcoo

k@ra

nger

ealty

advi

sors

.com

214-

416-

8223