14200 County Road 1134 • Tyler, Texas 75709 6115 New ...The springtime finds Tyler covered in the vivid colors created by the azaleas, dogwoods, and spring flowers. Furthermore,

6115 New Copeland Rd, Ste 120-130,Tyler, TX 75703

This asset features superior construction and finish-out, both exterior and interior.Multi-stall attached garages with additional ample parking. Individually fenced and oversized backyards.

Quiet, country setting, with easy access to retail, restaurants and employment. Wonderful location in Tyler, TX within an hour of the DFW area. Quick and convenient access

to Interstate 20 via Toll Loop 49.

Professionally developed by a recognized area design/build partnership. Owner-Operator maintained with professional management team in place. Inclusive adjacent land would support

additional units. Community amenities could be added in open space areasto enhance lifestyle of property.

14200 County Road 1134 • Tyler, Texas 7570940 Multifamily Units

Presented by

OFFER SOLICITATION PROCESS

Property Tours Interested parties should request property tours of Vista Lago - Tyler (the property) through our eighty8 realty offices. The tour will consist of access to multiple units which represent the entirety of various layouts, common area grounds and open-space. At no time will any party tour the property without prior notice and proper scheduling.

Offers and Letters of Intent (LOI) All Offers and or LOI’s should be submitted directly to our eighty8 realty office, or contact, and should include specific terms of the Purchaser’s intent, inclusive of: 1. Offer pricing and or financing breakdown; 2. A clearly defined due diligence time line, feasibility period and projected closing date; 3. Terms and amount of earnest monies to be deposited; 4. Proof of financing (if any) qualification and funding; 5. Special terms, requests or other criteria to be considered by Seller.

Financing Options Purchaser financing rests solely on the parties involved in the acquisition of the asset, however, eighty8 realty may provide Purchaser, at Purchasers request, with recommendations for lenders within the assets market who may have interest in providing various financing options for those interested in the consideration of their offerings and terms.

CONTACT INFORMATION

Derek Shilling, Realtor® 903-920-8088 [email protected]

eighty8 realty 6115 New Copeland Road Suite 210, Tyler Texas 75703 903.920.8088

2 | CONFIDENTIAL OFFERING MEMORANDUM | JUNE 6, 2018

40 Multifamily Units • 52,100 Net Rentable SF PRICE To Be Determined By Market

TERMS All Cash

YEAR COMPLETED 2016

LAND SIZE 10.837 Acres

DENSITY 3.691 Units per Acre

MECHANICAL SYSTEM/ UTILITIESElectric Metering Individual; resident pays directly to provider of choiceHVAC IndividualHot Water IndividualWater / Sewer Billing Individual – Community Water Septic; resident pays directly to providerGas Meter NoneTrash Individual; resident pays directly to contracted providerPest Fee Individual

CONSTRUCTIONStyle Multi-Family Duplex CommunityExterior Brick Veneer/ Stone Veneer / HardiePlank® Roof Composition

NO. OF BUILDINGS 20 Total Buildings

PARKING 120 Total Open Spaces • 40 One-car Garage Spaces • 80 Open Driveway Spaces

SCHOOL DISTRICT Tyler Independent School District • Dixie Elmentary (Grades K through 5) • Three Lakes Middle School (Grades 6 through 8) 8.2 miles • Robert E. Lee High School (Grades 9 through 12) 5.8 miles

PERSONNEL None

EMPLOYEE UNITS None

MODEL UNITS None

NON OR REDUCED On site security officer REVENUE UNITS

PROPERTY INFORMATION


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LIVING

PATIO

KITCHENCLOSET

CLOBATH

PANT

RY

GARAGE

BATH

CLOSET

CLOSET CLO

BEDROOM

BEDROOM

ENTRY

BEDROOM

FLOOR PLAN

3 BR / 2 B 1,302 & 1,303 SF


OLD CHANDLER HIGHWAY

THED

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MODELHOME

MODELHOME

2019

SITE PLAN

PROPOSEDLOCATION

CURRENTBUILDINGS


UNIT FEATURES

• Coat Closet by Entry Door • Faux Hardwood Flooring • Crown Molding in Entry and Living Area • 10’ & 8’ Ceilings • Recessed Lighting • Ceiling Fan in Living Area • Covered Patio • Fenced Back Yard • Attached One Car Garage • Individual Water Heater • Full-size Washer / Dryer Connections

• Black Appliance Package • Multi-cycle Dishwasher • Built-in Microwave • Laminate Counter tops • Pendant Lighting • Breakfast Bar • Tray Ceiling in Master Bedroom • Ceiling Fan with Light Kit in Bedroom(s) • Linen Cabinet • Separate Shower • Open Floor Plan


View from a unit back patio

GALLERY


2 MILES

5 MILES

TYLER POUNDSREGIONALAIRPORT

LAKEPALESTINE

WINCHESTER PARK

LINDSEYPARK

FAULKNERPARK

ROSERUDMAN

PARK

BELLWOODLAKE

SOUTHSIDEPARK

WILLOW BROOKCOUNTRY CLUB

BR

OA

DW

AY A

VE

NU

E

HOLLYTREECOUNTRY CLUB

64

64

2661

2661

2661

279

315

315

3131

31

31

155

110

110

271

147

364

364

164

164

57

BROAD S

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EE

T

DOWNTOWNTYLER

E. GRANDE BLVD.

69

155

155

69

69

323L O O P

323L O O P

45,000 cars/day

16,900 cars/day

19,100 cars/day

28,000 cars/day

35,000 cars/day

17,100 cars/day

19,900 cars/day

41,000 cars/day

22,310 cars/day

14,300 cars/day

10,000 cars/day

24,000 cars/day

DEMOGRAPHIC INFORMATION

AREA TRAFFIC COUNTS

1 mile 3 miles 5 miles

2000 Population Census 572 4,931 17,776

2010 Population Census 818 6,119 22,141

2016 Population Estimate 921 6,656 23,790

2021 Population Projection 991 7,125 25,127

Population Growth Annual Rate 2016 – 2021 1.48% 1.37% 1.10%

2016 Estimated Median Age 39.2 40.3 37.4

Renter Occupied Percentage 39.2% 31.0% 35.7%

2016 Estimated Average Household Income $69,238 $62,290 $57,030

2016 Estimated Median Owner-Occupied

Housing Value $115,074 $105,562 $113,816

Total Number of Businesses 31 214 1,696

Total Number of Employees 422 2,149 19,490Source: 2017 ESRI Business Analyst


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2020

30

45

37

27

40

287

84

84

69

EL PASO

OKLAHOMA CITYLITTLE ROCK

SHREVEPORT

AMARILLO

ODESSA

MIDLAND

DALLASFORTWORTH

WICHITAFALLS

AUSTIN HOUSTONSAN

ANTONIO

CORPUSCHRISTI

LUBBOCK

287

TYLER

NEW ORLEANSCITY MILESAustin, TX .............................225 Dallas, TX ................................90Houston, TX ........................ 199Little Rock, AR .................. 240Longview, TX ........................ 34New Orleans, LA ...............432Oklahoma City, OK ........ 250San Antonio, TX ...............300Shreveport, LA ....................90

GETTING TO VISTA LAGO TYLER

FROM DFW INTERNATIONAL AIRPORT Travel time is approximately 115 miles and 2 hours 16 minutes.

Take the south airport exit onto International Parkway (approximately 3 miles), following signs for TX-183 E / Irving / Dallas. Merge onto TX-183 E and travel east to the I-35E South / Stemmons Freeway interchange. Merge onto I-35E South / Stemmons Freeway and continue south to exit 428A to merge onto Interstate Highway 30 East toward Texarkana. Proceed east and follow signs to merge onto US 80 East toward Terrell. Merge onto TX-557 Spur East. Proceed approximately 4.5 miles and merge onto Interstate 20 East. Continue east for approximately 72.8 miles and exit 533 for TX-49 Loop. Turn right (south) onto TX-49 Loop and travel approximately 9.6 miles to the TX-31 exit toward Chandler / Tyler. Turn right (east) onto TX-31 East and travel approximately 0.4 miles to Thedford Road. Turn right (southeast) onto Thedford Road and travel approximately 0.9 miles to Old Chandler Highway. Turn left (northeast) and travel approximately less than one-half mile. Vista Lago is located on the north side of the street at 14200 County Road 1134.

FROM DALLAS LOVE FIELD Travel time is approximately 105 miles and 2 hours 7 minutes.

Take the airport exit onto Mockingbird Lane (west) and proceed approximately 2 miles to I-35E South. Turn left to merge onto I-35E South. Continue south to exit 428A to merge onto Interstate Highway 30 East toward Texarkana. Proceed east and follow signs to merge onto US 80 East toward Terrell. Merge onto TX-557 Spur East. Proceed approximately 4.5 miles and merge onto Interstate 20 East. Continue east for approximately 72.8 miles and exit 553 for TX-49 Loop. Turn right (south) onto TX-49 Loop and travel approximately 9.6 miles to the TX-31 exit toward Chandler / Tyler. Turn right (east) ontoTX-31 East and travel approximately 0.4 miles to Thedford Road. Turn right (southeast) onto Thedford Road and travel approximately 0.9 miles to Old Chandler Highway. Turn left (northeast) and travel approximately less than one-half mile. Vista Lago is located on the north side of the street at 14200 County Road 1134.


AREA INFORMATION

Located approximately 90 miles east of Dallas and 90 miles west of Shreveport, the Tyler Metropolitan Statistical Area (“MSA”) is the regional healthcare,

financial, manufacturing, and educational center for all of East Texas and ranks as one of the best metropolitan areas in the nation. From humble beginnings more than 160 years ago, Tyler has grown to be the largest community in East Texas. It is a prosperous and growing city, offering big city amenities such as cultural diversity, quality education, and recreational opportunities, while still maintaining its pleasant and friendly small-town charm. Per the most recent United States Bureau of Labor Statistics information available, the Tyler unemployment rate sits at 4.4% (December 2016), lower than the Texas unemployment rate of 4.6% and the U.S. unemployment rate of 4.7% for the same month.

Tyler offers many reasons to come visit and many more to stay. It is widely known for its nursery industry, especially for its rosebush production. The springtime finds Tyler covered in the vivid colors created by the azaleas, dogwoods, and spring flowers. Furthermore, Tyler is “The Rose Capital of America” with one-fifth of all commercial rose bushes produced in the United States coming from Smith County, and more than half of the nation’s rose bushes packaged and shipped from this same area.

Manufacturers include those in the fields of processed food, textiles, lumber and paper products, chemicals, petroleum products, rubber, plastic goods, fabricated metals, and even machinery / equipment. Per the ESRI Business Analyst Online, there are 6,489 businesses within Tyler city limits that employ more than 113,500 people. This is especially impressive because the city of Tyler’s total population for 2016 is

approximately 103,300 – a number that includes children, students, those who have retired, and others!

As the regional healthcare center for eastern Texas, Tyler is home to many hospitals and advanced care service. UT Health Northeast, East Texas Medical Center, and Trinity Mother Frances Hospital, along with a variety of specialty hospitals, provide this care and offer support services including nursing agencies, in-home health services, medical equipment providers, volunteer health organizations, and support groups. Tyler also offers a wide variety of educational opportunities. Tyler Independent School District, which serves the community, competes in Texas’s 6A Athletic division. In addition to the public school system, private and parochial school systems offer complete preschool to 12th grade programs. The city of Tyler furthermore has several options for higher education – Tyler is the proud home of The University of Texas at Tyler (9,889 students in Fall 2016), The University of Texas Health Science Center at Tyler, Tyler Junior College (11,000 students per semester), and Texas College; together, these post-secondary campuses educate over 20,000 students.

Tyler also boasts an active fine and performing arts community. The East Texas Symphony Orchestra was formed in 1936 and performs five concerts per year as well as special non-subscription performances. Tyler enjoys a first-class performing arts center on the campus of UT Tyler with The Cowan Center. The East Texas Youth Orchestra, based in Tyler, gives several concerts a year. Ballet Tyler showcases local talent as well as guest performers from around the country in a

spring concert. Tyler Civic Theatre was the first theatre in America designed for production of theatre-in-the-round and features five plays per season. Located adjacent to Tyler Junior College, the


AREA INFORMATION

Tyler Museum of Art contains three galleries featuring a growing permanent collection of 19th and 20th century art and photography as well as special exhibits on loan.

Recreational activities abound in and around Tyler. Tyler is surrounded by more than 20 prime sporting lakes offering wonderful opportunities for fishing and boating. Tyler State Park, popular among Texas residents and visitors, offers families 985 acres of woods around a beautiful 64-acre

spring-fed lake. Tyler State Park has something for every outdoor enthusiast; they can boat, swim, picnic, canoe, paddleboat, hike, mountain bike, pitch a tent or camp in a cabin. Golf enthusiasts will find thirteen clubs in the immediate area, providing a delightful mix of private and

public courses. Tyler also sponsors the Patriot Golf Classic each spring. Caldwell Zoo has more than 3,000 animals from 250 species from Africa, North America, and South America that live in natural habitats at the 85-acre park. The zoo includes a children’s petting pen, two aquariums, picnic areas, a café that overlooks an African savannah.

LARGEST EMPLOYERS IN TYLER † Full-time equivalents * Company has headquarters in Tyler, TX

COMPANY PRODUCT/SERVICE EMPLOYEES† East Texas Medical Center* Medical Care 3,380CHRISTUS Trinity Mother Frances* Medical Care 3,366Brookshire Grocery Company Grocery Distribution 2,456Tyler Independent School District Education 2,360The Trane Company Commercial Air Conditioners 1,744Suddenlink Communications* Cable, Internet, & Phone 1,500UT Health Northeast Medical Care/Research 1,414Wal-Mart Retail 1,396The University of Texas at Tyler Education 968Tyler Junior College Education 947Smith County Government 860City of Tyler Government 813John Soules Foods USDA Meat Processing 650Target Distribution Center Retail Distribution 600Southside Bank Banking Services 399Tyler Pipe Cast Iron Pipe, Iron Fittings 355Delek Oil Refining 332Centene Medical Claims Processing 292Fresenius Medical Claims/Back Office Support 200

Source: http://tedc.org/sites/default/files/files/Publications/Community%20Profile/Tyler%202017%20Community%20Profile.pdf


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W. FRONT ST. E. FRONT ST.

E. FIFTH ST.

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W. GENTRY PKWY.

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Y.

S. BECKH

AM

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CHANDLER HWY / COMMERCIAL DR.

DALLAS HWY / W. ERWIN ST.

VAN HWY.

PA

LUX

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TROUP HWY.

TROUP HWY.

OLD

JAC

KSO

NVI

LLE

HW

Y. SHILOH RD.RICE RD.

W. CUMBERLAND RD.

W. GR ANDE BLVD. E. GRANDE BLVD.

TYLER POUNDSREGIONALAIRPORT

TO LAKEPALESTINE

TO CANTON

TO I-20

TO KILGORE& LONGVIEW

TO TYLERSTATE PARK

CALDWELLZOO

DOWNTOWNTYLER

TYLERROSE GARDEN

COMPLEX

AZALEADISTRICT

TO LAKETYLER

TO I-20

MEDICALDISTRICT

TYLERJUNIOR

COLLEGE

TEXASCOLLEGE

TYLERJUNIOR

COLLEGE

UTTYLER

TYLERMUSEUMOF ART

HOLLYTREECOUNTRY CLUB

LINDSEYPARK

BERGFIELDPARK

WILLOW BROOKECOUNTRY CLUB

THE CASCADESCOUNTRY CLUB

BELLWOODLAKE

GREENBRIARLAKE

ROSERUDMAN

PARK

SOUTHSIDEPARK

NORTHSIDEPARK

WOLDERTPARK

FAULKNERPARK 7

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3

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Parks & Recreation

Cultural Sites

Universities

Shopping & Dining

Hospitals

Super One FoodsWalmart Super CenterWalgreens Drug StoreStarbuck’sAldi Grocery

Sam’s Club

Home DepotCavender’s

BROADWAY SQUARE MALL • Over 60 Dining & Shopping venues including: Dillard’s, Dears, JC PennyOffice DepotStarbuck’sRoss Dress For LessBrookshire’s GroceryFRENCH QUARTER SHOPPING CENTER • FedEx Office, Petland, BigLotsBarnes & NobleNatural GrocersNorthern ToolCVS Drug Store

BROADWAY CROSSING SHOPPING CENTER • Best Buy, PetSmart, ULTA, Marshall’s, Lowe’s, Drug EmporiumOffice MaxMicheal’s Arts & Crafts

TargetWalmart Super CenterDollar TreeAMC TheaterGamestopKohl’s

THE VILLAGE AT CUMBRLAND PARK • Over 60 Dining, Shopping and entertainment venues including: Super One Foods, Acedemy Sports, Starbuck’s, Bed Bath & Beyond, Studio Movie Grill, Old Navy

Fresh by Brookeshire’s

Walmart Neighborhood MarketGNCWalgreensHobby LobbyStarbuck’sAnytime FitnessSuper One FoodsAt Home

Walmart Super Center

Planet FitnessBrookeshire’s GroceryLone Star Harley Davidson

Walmart Super CenterAldi Grocery

Super One Foods

BERGFELD CENTER • Brookshire’s Grocery, Luby’s Cafe teria, Stein Mart, CVS, Walgreens, Big Lots,

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AREA ATTRACTIONS


INFORMATION ABOUT BROKERAGE SERVICESBefore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER

The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER

The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY

A broker may act as an intermediary between the parties if the broker complies with the laws of the state. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner;

(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by a court order or if the information materially relates to the condition of the property.With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under the state and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed and associated with the broker to communicate with and carry out instructions of the other party. IF YOU CHOOSE TO HAVE A BROKER REPRESENT YOU, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Listing Agent represents the Owner of Vista Lago Tyler.


DISCLAIMER

Prospective purchasers are hereby advised the Owner (“Owner”) of Vista Lago Tyler (“Property”) is soliciting offers through eighty8 realty, which may be accepted or rejected by the Owner at the Owner’s sole discretion.

Any solicitation of an offer for the Property offered hereunder will be governed by this Offering, as it may be modified or supplemented. Prospective purchasers are advised that as part of the offer process, the Owner will be evaluating several factors including the experience and financial qualifications of the purchasing entity.

The Owner shall have no obligation to accept any offer from any prospective purchaser. The Owner reserves the right to withdraw the Property from consideration at any time prior to final execution of a Purchase Agreement.

This Offering document is furnished to prospective purchasers for the purpose of determining whether to invest in the Property offered hereby. The information contained herein, or any other related information provided by the Owner, may not be reproduced, redistributed or used in whole or in part without the prior written consent of the Owner.

No person has been authorized to give any information or make any representation or warranty, either expressed or implied and, if given or made, such information or representation must not be relied upon.

While the Owner and eighty8 realty LLC have no reason to believe that the information provided herein or in subsequent information updates delivered to potential purchasers hereunder contains any material inaccuracies, neither the Owner nor eighty8 realty nor any of the Owner’s or eighty8 realtys respective subsidiaries, affiliates, companies, or the officers, directors, employees, agents and representatives of any such entities, etc., make any representations or warranties, expressed or implied, as to the validity, accuracy or completeness of the information provided or to be provided, and nothing herein shall be deemed to constitute a representation, warranty or promise by any such parties as to the future performance of the Property or any other matters set forth herein.

Any obligations to prospective purchasers that the Owner may have with respect to the Property are limited to those expressly set forth in a fully executed Purchase Agreement between the parties. Prospective purchaser’s sole and exclusive rights against the Owner, with respect to this prospective transaction, the Property, or information provided herein or subsequently, shall be limited to those remedies expressly provided in an executed Purchase Agreement, which shall not survive the closing. Further, in no event shall prospective purchasers have any claims against the Owner, eighty8 realty LLC, or any of their respective affiliates for any damages, liability, or causes of action relating to the Purchase Agreement.

Prospective purchasers are not to construe the contents of this Offering or any prior or subsequent information communications from the Owner or any of their respective officers, employees or agents as legal, tax or other advice. Prior to purchasing, prospective purchasers should consult with their own legal counsel and personal and tax advisors to determine the consequences of an investment in the Property and arrive at an independent evaluation of such investment.

No commission or finder’s fee shall be payable to any party by the Owner nor any affiliate or agent thereof in connection with the sale of the Property unless otherwise agreed to by the Owner in writing.

Acquisition of a property such as this offered hereunder involves a high degree of risk and is suitable only for persons and entities of substantial financial means.


6115 New Copeland RoadSuite 210, Tyler Texas 75703

903.920.8088

Derek Shilling, Realtor®

903-920-8088 [email protected]

Information for Vista Lago Tyleris available on the community website

www.VistaLagoTyler.com

14200 County Road 1134 • Tyler, Texas 7570940 Multifamily Units

Presented by

© Vista Logo Tyler. All Rights Reserved

Documents

14200 County Road 1134 • Tyler, Texas 75709 6115 New ...The springtime finds Tyler covered in the vivid colors created by the azaleas, dogwoods, and spring flowers. Furthermore,