TERRELL CROSSING FOR SALE - LoopNet

[Pages:12]TERRELL CROSSING

OFFERING SUMMARY

FOR SALE

PREMIER RESIDENTIAL DEVELOPMENT / INVESTMENT OPPORTUNITY ? 386.35 ACRES ? KAUFMAN COUNTY, TX

LAND ADVISORY GROUP

CHRIS BURROW Vice President p 972.419.4094 m 214.244.5047 e cburrow@

DILLON COOK Associate p 972.386.1462 m 214.738.3857 e dcook@

METHODS CHANGE. PRINCIPLES ENDURE. SERVICE & INTEGRITY SINCE 1914.

Disclaimer

THE FOLLOWING INFORMATION IS FROM SOURCES BELIEVED TO BE RELIABLE, BUT HENRY S. MILLER BROKERAGE, LLC HAS NOT VERIFIED THE ACCURACY OF THE INFORMATION. HENRY S. MILLER BROKERAGE, 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 THE POSSIBILITY OF ERRORS, OMISSIONS, CHANGES OF CONDITION, INCLUDING PRICE OR RENTAL, OR WITHDRAWAL WITHOUT NOTICE. ANY PROJECTIONS, ASSUMPTIONS OR ESTIMATES ARE FOR ILLUSTRATIVE PURPOSES ONLY. RECIPIENTS SHOULD CONDUCT THEIR OWN INVESTIGATION. TERRELL CROSSING IS BEING OFFERED FOR SALE AND IS EXCLUSIVELY LISTED BY CHRIS BURROW AND DILLON COOK LAND ADVISORY GROUP OF HENRY S. MILLER BROKERAGE, LLC. BUYER'S BROKER MUST BE IDENTIFIED ON FIRST CONTACT, AND MUST ACCOMPANY BUYING PROSPECT ON FIRST SHOWING TO BE ALLOWED FULL FEE PARTICIPATION. IF THIS CONDITION IS NOT MET, FEE PARTICIPATION WILL BE AT SOLE DISCRETION OF LISTING BROKER. PROSPECTS MAY BE REQUIRED TO REQUIRED TO PROVIDE PROOF OF FUNDS PRIOR TO SCHEDULING A SHOWING.

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Executive Summary

PROPERTY OVERVIEW

Overview

Terrell Crossing is located in Kaufman County, TX with the exception of the northern tip lying in Rockwall County. The site is located within 7 miles of Downtown Terrell and has experienced significant residential and commercial growth as a commuter city within 30 minutes of Dallas. The property is positioned in McLendon-Chisholm's southernmost ETJ sector, in the Southwest corner of State HWY 205 and FM 548. There is a City of Dallas Water Pipeline running through the middle of the property, splitting it into two tracts. A 24-mile, 6-lane expansion of State HWY 205 is underway north of the site to meet the increasing vehicular traffic connecting Terrell, Rockwall, and Dallas.

Property Summary

LOCATION

Southwest Quadrant of State HWY 205 and FM 548

COUNTY

Kaufman with Northern Corner in Rockwall

SUBMARKET

Terrell/Rockwall/Forney

NET LAND AREA

? 386.35 Acres

** Sub-dividable: See Page 6 **

548

ZONING

McLendon-Chisholm ETJ PUD at 3.0 DU/Acre

LAND USE

Master Planned Community

100-YR FLOOD

Approximately 112 Acres

FRONTAGE

?0.51 Miles on FM 548 ?0.65 Miles on HWY 205

SCHOOL DISTRICT Terrell ISD

UTILITIES

Water, telephone, and electric to site. Sewer will be septic

FOR SALE

Please Contact Broker for Details

TERRELL CROSSING

PREMIER RESIDENTI AL DEVELOPMENT/INVESTMENT

OPPORTUNITY

: McLendon-Chisholm ETJ : Kaufman/Rockwall County Limits : City of Dallas Water Pipeline : Parcel Dividing Line

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Executive Summary

PROPERTY OVERVIEW

PARCEL A B C

ACRES 386.35 269.003 117.347

LABEL

Chisholm Ranch Estates

Airpark East Airport-1F7

TERRELL CROSSING

PREMIER RESIDENTI AL DEVELOPMENT/INVESTMENT

OPPORTUNITY

Property Boundary: Water Line Easement:

Rockwall County Kaufman County

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Executive Summary

AERIAL OVERVIEW

TERRELL CROSSING

PREMIER RESIDENTI AL DEVELOPMENT/INVESTMENT

OPPORTUNITY

4,000 acre masterplanned community

(9,300 Lots)

2,000 acre masterplanned community

(1,850 Lots)

5,641 acre proposed

master-planned

community

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Market Overview

MARKET AREA DYNAMICS

DFW Current Housing Market

FORNEY RIDGECREST

PREMIER RESIDENTIAL LAND DEVELOPMENT OPPORTUNITY

18

Market Overview

INVESTMENT MERITS

TERRELL CROSSING

PREMIER RESIDENTI AL DEVELOPMENT/INVESTMENT

OPPORTUNITY

Market Area Continued

With its proximity to Dallas-Fort Worth, the properties are ideally located for a residential development. Other factors considered highly supportive of single family residential development of the properties include the following:

? Entertainment attractions located within close driving proximity to the property include private golf, tennis, and swim clubs, equestrian facilities, and Lake Ray Hubbard, a large reservoir popular for boating, fishing and lakeside dining.

? The area is an already established and recognized market for single family homes and large estate sites which are available at prices significantly lower than those available in the Dallas market area.

? Presence of an excellent transportation system including U.S. Interstates 30 and 20 and State Highway 80 which allow ease of access for commuting to downtown Dallas and surrounding employment centers.

? Proximity to major airports for frequent business and pleasure travelers.

? Nearby restaurants, neighborhood grocery stores and a broad range of retailers located a short distance from the properties along State Highway 80 and U.S. Interstate 20 corridors.

DFW Housing Market

Due to an acute housing shortage, North Texas home prices are rising at more than twice the long-term rate due to a tight housing supply and dramatic population gains in the area. Dallas-Fort Worth area home prices have increased by more than 30 percent in the last five years and are now at record levels. Dallas-area home prices in February 2016 increased 9.6 percent from a year ago, second only to Denver's, according to data from CoreLogic. That compares to price increases of 6.8 percent nationwide. "Home prices continue to climb at more than twice the rate of inflation," according to David Blitzer in a recent report from Standard and Poors. "The low inventory of homes for sale ? currently about a five-month supply ? means that would-be sellers seeking to trade up are having a hard time finding a new, larger home." Low inventories and short supply are boosting prices. Zillow chief economist Svenja Gudell commented on the report. "Looking at the bigger picture, there's not much else to worry about in housing at the moment. As long as wages and job opportunities keep rising, the housing market should remain fairly stable and healthy."

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Market Overview

PROPERTY TOPOGRAPHY

TERRELL CROSSING

PREMIER RESIDENTI AL DEVELOPMENT/INVESTMENT

OPPORTUNITY

500 ft 475 ft

489 ft

500 ft 412 ft

513 ft 510 ft

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