EXCLUSIVE LISTING-NEW TOWNHOMES FOR SALE BANKRUPTCY SALE-LENDER MUST APPROVE SALE

Transcription

1 EXCLUSIVE LISTING-NEW TOWNHOMES FOR SALE 35 BRAND NEW CHASE OAKS TOWNHOMES, 10 LEASED 6604 Federal Hall Plano, Texas Discounted from $8,225,000 to $6,400,000 $ Per Sq. Ft.!! BANKRUPTCY SALE-LENDER MUST APPROVE SALE PROPERTY KEY FEATURES: Common Area Swimming Pool, Clubhouse, Basketball Court & Puppy Park 23 Units are 3 Bedrooms, 12 units are 2 bedrooms All units have 2-1/2 baths Stainless Appliances Granite Counter Tops Hardwood Flooring, Berber Carpeting Imported Ceramic Tile in Bathrooms Jetted Garden Tubs Fabulous Light Fixtures Throughout 2 Car Garages Large Floor Plans Near Freeways, Mass Transit & Major Shopping Centers Energy Efficient Features Beautiful European Streetscape with 3 Different Elevations Mike A. Wells Wells Asset Management, Inc. Brian Ramm (972) ext Quorum Drive, Suite 190 (972) ext 116 (972) fax Dallas, Texas (972) fax mike@wellsasset.com Visit our website at brian@wellsasset.com

2 PROPERTY/NEIGHBORHOOD DESCRIPTION The Chase Oaks Village Townhomes are located in the prestigious Plano, Texas Community. Plano is considered one of the best school districts and is located in Collin County which has been one of the fastest growing counties in the US. The Townhomes are located just off Legacy Drive, near I-75 (Central Exp) and Chase Oaks Drive. This is just down the street from the Legacy Business Park which has many large corporations including JC Pennies, EDS, and Countrywide, to name a few. The Chase Oaks Village is 20 miles North of Downtown Dallas, TX. Plano ISD has been rated in 2006 & 2008 by the Dallas Business Journal as one of the top places to work in the Metroplex. Demographic and Income Profile 1 Mile Radius 3 Mile Radius Median Age 32 Years Old 34 Years Old Average Income $103, $116, % of Family Households 58% 73% The Home Owners Association covers all landscape, yard maintenance and sprinkler system, pest control, common area maintenance, insurance for building structures and all roofs. Kitchen Living Room Dining Room Stairs Second Floor Hallway Master Bedroom

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4 Tudor Style French Provincial Style Georgian Style

5 Chase Oaks Village Available Units Summary 5/5/2009 Address Layout Sq Ft Bld Style Bulk Sales Original Sales Lease Amt Lease Exp Bulk Sales Price Price $PSF 6616 Federal Hall 2 bed, 2-1/2 bath 1400 Tudor $161,175 $210,888 $1,680 10/31/2009 $ Federal Hall 2 bed, 2-1/2 bath 1627 French $173,000 $222,888 MLS-$171,000 $ Federal Hall 3 bed, 2-1/2 bath 2007 Tudor $194,250 $248,888 $ Federal Hall 3 bed, 2-1/2 bath 2005 Georgian $194,250 $247,888 MLS-$210,000 $ Federal Hall 3 bed, 2-1/2 bath 1822 Georgian $185,000 $237,888 $ Federal Hall 3 bed, 2-1/2 bath 1835 French $184,800 $237,888 $ Federal Hall 3 bed, 2-1/2 bath 2027 French $194,250 $249,888 $ Federal Hall 2 bed, 2-1/2 bath 1724 French $174,500 $222,888 $2,068 8/31/2009 $ Federal Hall 2 bed, 2-1/2 bath 1724 French $174,500 $222,888 $ Federal Hall 3 bed, 2-1/2 bath 2027 French $194,250 $248,888 $ Federal Hall 3 bed, 2-1/2 bath 1835 French $184,800 $231,888 $ Metropolitan 3 bed, 2-1/2 bath 1822 French $185,000 $238,888 model-na $ Metropolitan 3 bed, 2-1/2 bath 2005 French $194,250 $246,888 model-na $ Metropolitan 2 bed, 2-1/2 bath 1627 French $173,000 $230,888 model-na $ Metropolitan 2 bed, 2-1/2 bath 1627 French $173,000 $229,888 $ Metropolitan 2 bed, 2-1/2 bath 1822 French $184,800 $238,888 $ Metropolitan 3 bed, 2-1/2 bath 2005 Tudor $194,250 $247,888 $ Metropolitan 2 bed, 2-1/2 bath 1627 Tudor $173,000 $222,888 $1,710 2/28/2010 $ Metropolitan 3 bed, 2-1/2 bath 1822 Tudor $184,800 $231,888 $1,913 12/31/2009 $ Metropolitan 2 bed, 2-1/2 bath 1822 Tudor $184,800 $238,888 $ Rutherford 3 bed, 2-1/2 bath 1822 French $185,000 $236,888 MLS-$199,000 $ Rutherford 3 bed, 2-1/2 bath 1822 French $185,000 $236,888 $ Rutherford 3 bed, 2-1/2 bath 1822 Tudor $182,117 $236,888 $2,405 2/28/2009 $ Rutherford 3 bed, 2-1/2 bath 2005 Tudor $186,317 $247,888 $ Rutherford 2 bed, 2-1/2 bath 1627 Tudor $173,000 $221,888 $1,789 7/31/2009 $ Rutherford 2 bed, 2-1/2 bath 1627 Tudor $173,000 $221,888 $1,627 8/31/2009 $ Rutherford 3 bed, 2-1/2 bath 1822 Tudor $182,116 $231,888 $2,050 9/30/2009 $ Rutherford 3 bed, 2-1/2 bath 1822 Tudor $182,117 $234,888 $ Rutherford 3 bed, 2-1/2 bath 2005 Tudor $188,764 $250,888 $ Rutherford 3 bed, 2-1/2 bath 1822 French $185,000 $231,888 $1,822 8/31/2009 $ Rutherford 3 bed, 2-1/2 bath 1822 French $185,000 $231,888 $1,950 7/31/2009 $ Rutherford 3 bed, 2-1/2 bath 1822 French $185,000 $231,888 $ Rutherford 3 bed, 2-1/2 bath 1822 French $185,000 $231,888 $ Rutherford 2 bed, 2-1/2 bath 1627 French $173,000 $218,888 $ Rutherford 3 bed, 2-1/2 bath 2005 French $188,764 $250,888 $94.15 Bold Denotes MLS Listings-3 units $6,400,870 $8,227,080 $19,014 $100.79

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7 Disclaimer The material in this exclusive offering memorandum is based in part upon information furnished by Owner/Manager and in part upon information obtained by Wells Asset Management, Inc., and other sources deemed to be reliable. This information is believed to be accurate in all material respects, but no representation or warranty, expressed or implied, as to its accuracy or completeness is made by any party. Nothing contained herein should be relied upon as a promise or representation as to the future. Recipients should conduct their own investigation and analysis of the transaction described herein. This property is being offered for sale on an As is and Where is basis. The information herein is submitted to you on a strictly and permanently confidential basis. By accepting a copy of the memorandum, the recipient agrees that neither it nor any of its employees or advisors shall use the information for any purpose other than evaluating the specific transaction described herein, or divulge such information to any other party. Proforma assumptions contained herein represent best estimates based on assumptions considered reasonable under the circumstances. No representation or warranties, expressed or implied, are made that the actual results will conform to such projections. The confidential memorandum is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are not to be reproduced without the express written consent of Wells Asset Management, Inc., or the Owner/Manager or their affiliates. If the recipient determines not to participate in this transaction, kindly return this confidential memorandum to Wells Asset Management, Inc., at your earliest possible convenience. Buyer s Signature Buyer s Name printed Date Chase Oaks Village Townhomes

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