1840 HIGH PRAIRIE DALLAS (GRAND PRAIRIE), TEXAS OFFERING SUMMARY

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Elaine Singleton
6 years ago
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1 DALLAS (GRAND PRAIRIE), TEXAS OFFERING SUMMARY

EXECUTIVE SUMMARY HFF is pleased to exclusively offer the opportunity to acquire 1840 High Prairie (the Property ), a two building, 33,600 square-foot truck center portfolio located in Dallas/Fort

With truck storage rental rates at the properties collectively 18% below market, potential investors can maximize returns by renewing existing tenants at market rates in addition to the lease up of

2 EXECUTIVE SUMMARY HFF is pleased to exclusively offer the opportunity to acquire 1840 High Prairie (the Property ), a two building, 33,600 square-foot truck center portfolio located in Dallas/Fort Worth's highly-coveted Great Southwest (GSW) submarket. With truck storage rental rates at the properties collectively 18% below market, potential investors can maximize returns by renewing existing tenants at market rates in addition to the lease up of additional truck storage spaces. The Portfolio represents a rare opportunity to acquire high-quality industrial properties strategically positioned within one of DFW's most established infill markets, combined with attractive upside. THE OFFERING Excellent access 1840 High Prairie is strategically positioned two miles south of TX-183 and 0.6 miles east of President George Bush Turnpike DFW International Airport Opportunity Situated 3 miles from DFW International Airport, and less than 14 miles from Dallas Love Field, 1840 High Prairie offers coveted access to two International airports. Significant opportunity to increase NOI Warehouse space is 100% occupied and 10% below market Truck storage area is 98% leased and 18% below market The trucking industry transports 70% of U.S. freight and overall freight tonnage is expected to increase 35% from 2016 to 2027 Established, mature and infill industrial submarket that is outperforming the overall DFW market Great Southwest is 93% occupied Strong positive trends in absorption and rental rates since 2012 GRAND PRAIRIE, TX 100% LEASED 33,600 SF BUILT IN

LOCATION MAP 1840 HIGH PRAIRIE OVERVIEW Fort Worth Alliance Airport Texas Motor Speedway ROANOKE TROPHY CLUB WESTLAKE Grapevine Lake FLOWER MOUND Lake Lewisville THE COLONY BUILDING ADDRESS: 1840

3 LOCATION MAP 1840 HIGH PRAIRIE OVERVIEW Fort Worth Alliance Airport Texas Motor Speedway ROANOKE TROPHY CLUB WESTLAKE Grapevine Lake FLOWER MOUND Lake Lewisville THE COLONY BUILDING ADDRESS: 1840 High Prairie Rd Grand Prairie, TX KELLER SOUTHLAKE GRAPEVINE COPPELL CARROLLTON Eagle Mountain Lake BUILDING TYPE: Truck Center COLLEYVILLE Preston Hollow RENTABLE AREA: 33,600 SF BUILDING % LEASED: 100% TRAILER STORAGE % LEASED: SITE AREA: 98% Lake Worth acres Fort Worth Meacham Airport 820 HURST BEDFORD EULESS 1840 HIGH PRAIRIE Uptown Highland Park University Park Fort Worth NAS Jrb/Carswell Field COVERAGE RATIO: 15.0% TRUCK COURT: 30 WHITE SETTLEMENT 23 total; 12'x15' WESTOVER 30 HILLS ARLINGTON DRIVE-IN DOORS: CLEAR HEIGHT: 22 BENBROOK CONSTRUCTION OVERVIEW: Masonry BELT JUNCTION EDGECLIFF VILLAGE FOREST HILL 20 DALWORTHINGTON GARDENS GRAND PRAIRIE 20 BUILDING DEPTH: 75' CROWLEY RENDON MANSFIELD 3

ROBUST U.S. TRUCKING INDUSTRY REASONS FOR INCREASED USER DEMAND The trucking industry transports 70% of U.S. freight. Overall trucking revenues are expected to climb to $1.

4 ROBUST U.S. TRUCKING INDUSTRY REASONS FOR INCREASED USER DEMAND The trucking industry transports 70% of U.S. freight. Overall trucking revenues are expected to climb to $1.52 trillion by 2026, up from $726.4 billion in This equates to a growth rate of 109%. From 2016 to 2027, overall freight tonnage will increase 35% and the amount of overall freight moved by trucks will increase 27%. Projections anticipate the number of Class 8 (tractor trailer) trucks to increase to 3.98 million by 2026, from 3.56 million in Trucks will continue to transport the vast majority of goods, underscoring the industry s critical role in the future of the U.S. economy. Trucking collected 81.5% of the nation s freight bill in 2015 ($726.4 billion in gross freight revenues). Freight growth is created by population growth By 2050, 70% of the Texas population will live in the Texas Triangle (DFW, Houston, Austin) # OF DRIVERS DEMAND FOR TRACTOR-TRAILER DRIVERS 2,000,000 1,950,000 1,900,000 1,850,000 1,800,000 1,750,000 1,700,000 1,650,000 1,600,000 1,550,000 1,500, Sources: American Trucking Associations: Investigative Report: 2016 Trucking Industry Forecast/Expectations American Trucking Associations: Latest U.S. Freight Transportation Forecast Shows Continued growth for Trucking DFW s population is projected to increase 38% by

5 THE OPPORTUNITY 1840 High Prairie represents a rare opportunity to acquire a truck center project in one of DFW's most desirable industrial submarkets, Great Southwest. The Property is currently 100% leased and strategically situated within a highly appealing infill industrial park High Prairie benefits from its excellent access, diverse tenant mix, and infill, last mile location. 100% LEASED to 6 tenants BUILDING TYPE Truck Center FEATURING Clear heights up to 22 Constructed in 2006 Low Office Finish TOTAL NUMBER OF BUILDINGS IN THE PORTFOLIO 33,600 TOTAL SQUARE FEET 2 CLOSE PROXIMITY TO MAJOR HIGHWAYS LOCATED WITHIN A LAST MILE, INFILL SUBMARKET: Ideally positioned within the Great Southwest Submarket Submarket is 93.2% occupied HIGH BARRIERS TO ENTRY: 1840 High Prairie is located in one of the tightest industrial markets in DFW and features the rare ability to provide tenants with Trailer Storage within an infill location. The submarket's lack of available industrial development tracts, coupled with the area's strong user demand, will continue to increase rental rates. 3 Miles From DFW International Airport Less than 14 miles to Dallas Love Field 5

THRIVING LOCAL MARKET AREA DRIVERS DFW International Airport International cargo service to 17 global hubs handling 737,125 tons of cargo annually.

6 THRIVING LOCAL MARKET AREA DRIVERS DFW International Airport International cargo service to 17 global hubs handling 737,125 tons of cargo annually. It is the 4th busiest airport in North America, handling over 1,800 flights per day and 66 million passengers in Passport Park Development area located on approximately 600 acres at the southern gateway into DFW International Airport. Plans include multiple big box retail anchors, junior anchors, and supporting specialty retail shops and restaurants. WITHIN A 3-MILE RADIUS OF THE PROPERTY POPULATION 10% HISTORICAL GROWTH 7% PROJECTED GROWTH 1840 HIGH PRAIRIE INDUSTRIAL MARKET 93% 26% OCCUPANCY 1.68M SF 107M SF OF ABSORPTION YTD RENT GROWTH SINCE 2012 TOTAL RBA 6

WHY DFW WHY DALLAS/FORT WORTH ACCESSIBILITY Central U.S. location featuring Dallas-Fort Worth International Airport & Dallas Love Field Unemployment rate of 4.

7 WHY DFW WHY DALLAS/FORT WORTH ACCESSIBILITY Central U.S. location featuring Dallas-Fort Worth International Airport & Dallas Love Field Unemployment rate of 4.0%, adding over 135,000 jobs in the last 12 months Over the five-year period ending in 2020, Dallas-Fort Worth is projected to grow population by 512,000 residents and add 361,045 new jobs (both ranking #1 in U.S.) ULI s Emerging Trends Top Market to Watch in 2016 One of the largest concentrations of corporate headquarters in the country and has recently attracted a notable list of expansions and relocations spanning several diverse industries Led the nation in office space absorption in 2015 (7.4 million SF) 207 NON-STOP DESTINATIONS BUSINESS ENVIRONMENT 58 INTERNATIONAL DESTINATIONS 78.8 M PASSENGERS PER YEAR DFW INTERNATIONAL AIRPORT serviced approximately 64,177,618 passengers in DOMESTIC DESTINATIONS DALLAS LOVE FIELD, just seven miles from Downtown Dallas, serviced 14,497,498 passengers in 2015 and is home to Southwest Airlines. Forbes.com #1 in Economic Climate Forbes recently ranked Texas #1 in Economic Climate out of all 50 states TEXAS #1 STATE FOR DOING BUSINESS 11 YEARS IN A ROW - CEO Magazine 2015 Number of residents added to the region between 2010 and , M Projected population of the region by ,858,820 WORKERS 0% STATE & LOCAL INCOME TAX RATE 4.0% UNEMPLOYMENT RATE 2nd LARGEST WORKFORCE IN AMERICA 168 Number of companies ranked in the INC fastest-growing private companies that call Dallas/Fort Worth home. 7

ADDITIONAL INFORMATION If you have any questions or require additional information, please contact: ADAM HERRIN Managing Director aherrin@hfflp.com 469.232.1922 STEPHEN BAILEY Director sbailey@hfflp.

com 469.232.1924 Holliday Fenoglio Fowler, L.P. 2323 Victory Avenue, Suite 1200 Dallas, Texas 75219 Telephone: 214.265.

Information concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees

8 ADDITIONAL INFORMATION If you have any questions or require additional information, please contact: ADAM HERRIN Managing Director STEPHEN BAILEY Director STEVEN KIMOSH Associate BEN SIEGEL Analyst HFF DEBT CONTACT STEVE HELDENFELS Managing Director Holliday Fenoglio Fowler, L.P Victory Avenue, Suite 1200 Dallas, Texas Telephone: Facsimile: HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

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