WAREHOUSE/OFFICE - FOR SALE - $175,000 | INDUSTRIAL...

PROPERTY HIGHLIGHTS

Senior Investment Advisor806.797.2190 [email protected] #203788

WES HALLMARK, CCIM, SIOR 4000 sqft office warehouse space

3360 sf - warehouse

640 sf - office

Easy access and location, 16 miles west of Odessa on I-20

Multiple commercial uses

Ideal for owner/user

PRESENTED BY:

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for itscorrectness.

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

WAREHOUSE/OFFICE - FOR SALE - $175,000 | INDUSTRIAL

850 W I-20850 W I-20 | Penwell, TX 79763

850 W I-20 | 4,000 SF | PENWELL, TX

TABLE OF CONTENTS


NEW_SVN_Brokerage_Services_Info_Feb_2016.pdf 3

1. 5PROPERTY INFORMATIONExecutive Summary 6

2. 7ADDITIONAL INFORMATIONAdditional Photos 8

3. 9LOCATION INFORMATIONLocation Maps 10

Regional Map 11

4. 12DEMOGRAPHICSDemographics Report 13

Demographics Map 14

5. 15ADVISOR BIOSAdvisor Bio & Contact 1 16

Back Page 17

11/2/2015

Information About Brokerage ServicesTexas law requires all real estate licensees 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 clients 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 dutiesabove and must inform the owner of any material information about the property or transaction known by the agent, includinginformation 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 awritten representation agreement. A buyer's agent must perform the broker's minimum duties above and must inform the buyer of anymaterial information about the property or transaction known by the agent, including information disclosed to the agent by the seller orseller's agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the writtenagreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold orunderlined 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 than the written asking price;○ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and○ any coincidental 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 thebuyer. 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 AGREEMENTS 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 foryou 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 License No. Email PhonePrimary Assumed Business Name

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/ License No. Email PhoneAssociate

Sales Agent/Associate's Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.govIABS 1-0

Phone: Fax: Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

Sperry Van Ness/Hallmark&Assoc

Sperry Van Ness/Hallmark&Assoc, 8008 Slide Rd, #1 Lubbock, TX 79424 8067972190202 8067974160 7111 Santa Fe Dr. -Wesley Hallmark

850 W I-20 | 4,000 SF | PENWELL, TX

DISCLAIMER


The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.

1 PROPERTY INFORMATION


SALE OVERVIEW PROPERTY DESCRIPTION

4000 sqft office warehouse space3360 sf - warehouse640 sf - officeEasy access and location, 16 miles west of Odessa on I-20Multiple commercial usesIdeal for owner/user

SALE PRICE: $175,000

LOT SIZE: 0.29 Acres

BUILDING SIZE: 4,000 SF

YEAR BUILT: 1999

ZONING: Commercial

MARKET: Penwell

850 W I-20 | 4,000 SF | PENWELL, TX

SECTION 1 | PROPERTY INFORMATION

Executive Summary

6All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

2 ADDITIONAL INFORMATION



850 W I-20 | 4,000 SF | PENWELL, TX

SECTION 2 | ADDITIONAL INFORMATION

Additional Photos

3 LOCATION INFORMATION



850 W I-20 | 4,000 SF | PENWELL, TX

SECTION 3 | LOCATION INFORMATION

Location Maps


850 W I-20

850 W I-20 | 4,000 SF | PENWELL, TX

SECTION 3 | LOCATION INFORMATION

Regional Map

4 DEMOGRAPHICS



* Demographic data derived from 2010 US Census

5 MILES 10 MILES 15 MILES

Total households 124 2,578 8,651

Total persons per hh 2.9 3.3 3.1

Average hh income $48,809 $55,071 $55,126

Average house value $71,354 $65,263 $70,179

5 MILES 10 MILES 15 MILES

Total population 359 8,457 26,895

Median age 31.0 31.4 30.9

Median age (male) 29.0 32.0 30.5

Median age (female) 32.9 31.1 31.2

850 W I-20 | 4,000 SF | PENWELL, TX

SECTION 4 | DEMOGRAPHICS

Demographics Report

850 W I-20 | 4,000 SF | PENWELL, TX

SECTION 4 | DEMOGRAPHICS

Demographics Map


POPULATION 5 MILES 10 MILES 15 MILES

TOTAL POPULATION 359 8,457 26,895

MEDIAN AGE 31.0 31.4 30.9

MEDIAN AGE (MALE) 29.0 32.0 30.5

MEDIAN AGE (FEMALE) 32.9 31.1 31.2

HOUSEHOLDS & INCOME 5 MILES 10 MILES 15 MILES

TOTAL HOUSEHOLDS 124 2,578 8,651

# OF PERSONS PER HH 2.9 3.3 3.1

AVERAGE HH INCOME $48,809 $55,071 $55,126

AVERAGE HOUSE VALUE $71,354 $65,263 $70,179

5 ADVISOR BIOS


850 W I-20 | 4,000 SF | PENWELL, TX

SECTION 5 | ADVISOR BIOS

Advisor Bio & Contact


Wes Hallmark, CCIM, SIORSenior Investment AdvisorSVN | Hallmark & Associates

W.Wesley Hallmark, CCIM, SIOR serves as a Senior Associate for SVN.Specializing in the management, leasing and brokerage of office,retail, industrial and income producing properties in West Texas. Heserves the Lubbock, Amarillo, Midland/ Odessa, San Angelo andAbilene markets. With over 35 years of experience, Hallmark hascompleted over 2000 commercial real estate sales and leasingtransactions, valued at over $300 million.

With an extensive background in commercial real estate, Hallmark isthe founder and owner of Wes Hallmark & Associates, LLC, a SVNaffiliate. Some of Hallmark's major accomplishments include thecompletion of a $55 million tenant representation deal for SW Bellwireless (AT & T). This transaction involved securing a 230,000 squarefoot call center in Lubbock, Texas, which created over 1600 new jobsfor the city. Hallmark's major clients have included GE, AllstateInsurance, General Motors, Federal Express, Owens CorningFiberglass, Travelers Insurance, Bank of America, Wells Fargo Bank,Cox Communications, the U.S. Government, State of Texas and City ofLubbock, to name a few.

Hallmark has consistently stayed active within the Lubbockcommunity and the commercial real estate industry. Hallmark isinvolved with the Lubbock Board of Realtors, North Texas CommercialAssociation of Realtors, the Texas Association of Realtors, theNational Association of Realtors (NAR) and the CCIM Institute,(Certified Commercial & Investment Member) and SIOR (The Societyof Industrial & Office Realtors). He also served The Lubbock HousingFinance Corporation, an issuer of tax-exempt mortgage revenuebonds for the City of Lubbock. Hallmark held not only the Directorposition in the corporation, but every officer level position within thecorporation as well.

Hallmark received his bachelor's degree in Advertising and Marketingfrom Texas Tech University.

Phone: 806.797.2190 x202

Email: [email protected]

TX #203788

Fax: 806.797.4160

Address: 8008 Slide Rd., #1

Lubbock, TX 79424

WAREHOUSE/OFFICE - FOR SALE - $175,000 | INDUSTRIAL...

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