The Terrace Package

CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended
to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other
person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to
provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest
in the subject property. The information contained herein is not a substitute for a thorough due diligence
investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with
respect to the income or expenses for the subject property, the future projected financial performance of the property,
the size and square footage of the property and improvements, the presence or absence of contaminating substances,
PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements
thereon, or the financial condition or business prospects of any tenant, or any tenants plans or intentions to continue its
occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from
sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the
information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and
makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
All potential buyers must take appropriate measures to verify all of the information set forth herein.
The Terrace Apartments
EULESS, TX
NON-ENDORSEMENT NOTICE
Marcus & Millichap Real Estate Investment Services, Inc. (M&M) is not affiliated with, sponsored by, or endorsed by
any commercial tenant or lessee identified in this marketing package. The presence of any corporations logo or name is
not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its
affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the
purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR
MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Section 1 PRICING AND FINANCIAL ANALYSIS
Section 2 PROPERTY DESCRIPTION
Section 3 APARTMENT: RECENT SALES
Section 4 APARTMENT: ON MARKET COMPARABLES
Section 5 RENT COMPARABLES
Section 6 MARKET OVERVIEW
Section 7 DEMOGRAPHIC ANALYSIS
TABLE OF CONTENTS
EULESS, TX
PRICING AND FINANCIAL ANALYSIS
3B2B: 3% Studio: 3%
1B1B: 42%
2B2B: 53%
No. of
Units
Unit
Type
Approx.
Square Feet
2013 Rents
Rent/
SF
Monthly
Income
Year One
Rents
Rent/
SF
Monthly
Income
3 3 Bdr 2 Bath 920 $695 $0.76 $2,085 $695 $0.76 $2,085
57 2 Bdr 2 Bath 850 $665 $0.78 $37,905 $665 $0.78 $37,905
45 1 Bdr 1 Bath 650 $555 $0.85 $24,975 $555 $0.85 $24,975
3 Studio 448 $415 $0.93 $1,245 $415 $0.93 $1,245
108 TOTAL 81,804 $66,210 $66,210
Unit Mix Unit Rent & Rent/SF
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
$0
$100
$200
$300
$400
$500
$600
$700
3B2B 2B2B 1B1B Studio
1
EULESS, TX
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
2014 Marcus & Millichap
UNIT MIX
Income 2013 Per Unit Year One Per Unit
Gross Potential Rent $794,520 $7,357 $794,520 $7,357
Loss/Gain to Lease $37,395 $346 $39,726 $368
GROSS POTENTIAL RENT $757,125 $7,010 $754,794 $6,989
Other Income
Utility Bill Back $33,678 $312 $41,000 $380
Late Charges $8,939 $83 $8,939 $83
Other Resident Charges $3,249 $30 $3,249 $30
Total Other Income $45,866 $425 $53,188 $492
GROSS POTENTIAL INCOME $802,991 $7,435 $807,982 $7,481
Vacancy/Collection Allowance/Bad Debt (GPR) 66.0% / $499,693 $4,627 25.0% / $188,699 $1,747
EFFECTIVE GROSS INCOME $303,298 $2,808 $619,284 $5,734
Expenses
Real Estate Taxes $30,546 $283 $39,000 $361
Insurance $24,728 $229 $24,728 $229
Utilities $166,683 $1,543 $185,000 $1,713
Contract Services $40,188 $372 $40,188 $372
Repairs & Maintenance $6,692 $62 $32,400 $300
Marketing & Advertising $517 $5 $5,000 $46
Payroll $70,107 $649 $70,107 $649
Management Fee 3.2% / $9,718 $90 5.0% / $30,964 $287
General & Administrative $7,673 $71 $7,673 $71
Turnover $2,531 $23 $21,600 $200
Reserves $27,000 $250 $27,000 $250
TOTAL EXPENSES $386,383 $3,578 $483,660 $4,478
Expenses per SF $4.72 $5.91
% of EGI 127.4% 78.1%
NET OPERATING INCOME ($83,085) ($769) $135,623 $1,256
Total Number of Units: 108
Total Rentable Area: 81,804 SF
2
EULESS, TX
INCOME & EXPENSES
No. of
Units
Unit
Type
Approx.
Square Feet
2013 Rents Rent/
SF
Monthly
Income
Year One
Rents
Rent/
SF
Monthly
Income
3 3 Bdr 2 Bath 920 $695 $0.76 $2,085 $695 $0.76 $2,085
57 2 Bdr 2 Bath 850 $665 $0.78 $37,905 $665 $0.78 $37,905
45 1 Bdr 1 Bath 650 $555 $0.85 $24,975 $555 $0.85 $24,975
3 Studio 448 $415 $0.93 $1,245 $415 $0.93 $1,245
108 Total/Wtd. Avg. 81,804 $66,210 $66,210
Annualized Operating Data
Income 2013 Year One
Gross Potential Rent $794,520 $794,520
Loss/Gain to Lease $37,395 $39,726
Gross Potential Rent $757,125 $754,794
Other Income $45,866 $53,188
Gross Potential Income $802,991 $807,982
Less: Vacancy/Deductions (GPR) 66.0% / $499,693 25.0% / $188,699
Effective Gross Income $303,298 $619,284
Less: Expenses $386,383 $483,660
Net Operating Income ($83,085) $135,623
Net Cash Flow Before Debt Service ($83,085) $135,623
306 Park Drive
Euless, TX 76040
Price Request For Offer
Number of Units 108
Rentable Square Feet 81,804
Year Built 1964
Lot Size 1.29 Acres
Type of Ownership Fee Simple
Location
Expenses
Real Estate Taxes $30,546 $39,000
Insurance $24,728 $24,728
Utilities $166,683 $185,000
Contract Services $40,188 $40,188
Repairs & Maintenance $6,692 $32,400
Marketing & Advertising $517 $5,000
Payroll $70,107 $70,107
Management Fee $9,718 $30,964
General & Administrative $7,673 $7,673
Turnover $2,531 $21,600
Reserves $27,000 $27,000
Total Expenses $386,383 $483,660
Expenses/unit $3,578 $4,478
Expenses/SF $4.72 $5.91
% of EGI 127.39% 78.10%
Scheduled Income
3
EULESS, TX
FINANCIAL OVERVIEW
EULESS, TX
PROPERTY DESCRIPTION
The Terrace Apartments are a true value added asset sitting on 1.2 acres in Euless, Texas. Located directly off Highway
157 and Highway 10, this is a prime location and is ideal for long term redevelopment. An investor can benefit
immediately from the available rental upside and potential double digit cash flow with improved management
The portfolio sale of Concord and Terrace Apartments offer a total of 322 apartment units and 11.19 acres of land.
Currently the asset is under a special use permit with the city of Euless. Taking advantage of the redevelopment
opportunity, an investor can operate the asset as a Multifamily asset until the special use permit expires or can choose to
redevelop immediately. The City of Euless has indicated a willingness to contribute to demolition or off-site
improvement funds for the asset.
The Terrace is comprised of 108 apartment units including three-bedroom, two-bedroom, one-bedroom and studio
units. Community amenities include two laundry facilities, a playground area, ample parking, and a central location.
The property is located directly next to and south of Home Depot, Ross Dress for Less, Aldi Grocery, Office Depot, and
many chain food restaurants, among many others.
Located off of Highway 157 and Highway 10, these assets sit directly in the middle of the Dallas/Fort Worth metroplex.
They are in close proximity to the Dallas/Fort Worth Airport, Dallas Cowboys Stadium, Texas Rangers Stadium, Six
Flags Over Texas, and offer easy access to downtown Fort Worth and Dallas.
Currently the asset is 34 percent occupied, giving a new investor a true value add opportunity through improved
mangement.
Enclosed are comparables for both Multifamily assets, The Concord and The Terrace, and land comparables that have
sold recently in the area.
Investment Highlights
Tremendous Value Added Opportunity
Prime Location for Redevelopment
Located Directly off of Highway 10 and Highway 157
Portfolio Opportunity with the 214-Unit Concord
Aparments
Located in Close Proximity to New Big Box Retail
Centrally Located in Dallas/Fort Worth Metroplex
High Visibility From Major Thoroughfares
1.2 Acres of Land
5
EULESS, TX
INVESTMENT OVERVIEW
The Terrace Apartments are located in the HEB (Hurst-Euless-Bedford) area of the Dallas/Fort Worth metroplex.
The Hurst-Euless-Bedford (HEB) Community is just 18 minutes from Fort Worth, Texas, and just 23 minutes from
Dallas. A hub for transportation to the nation and the world, the HEB area offers the convenience of the Dallas-Fort
Worth International Airport, a network of major freeways and the new, state-of-the-art Trinity Railway Express, making
transportation between Dallas and Fort Worth nearly hassle-free.
The HEB Independent School District has been named in the top 10 percent of school systems nationwide. HEB ISD
students score at the highest, exemplary level in state testing. More than 80 percent of graduating seniors pursue further
education. More than 1,200 outstanding teachers serve 19,500 students.
Within close proximity to HEB, youll find nationally-recognized dance, symphony, opera and theatre, numerous science
and history museums, established arts districts and galleries, professional music venues, nightlife and more. The area
offers hundreds of quality golf courses and an abundant offering of tennis centers, parks, recreational centers, lakes for
boating and fishing, and athletic centers. Area attractions keep families entertained at Six Flags Over Texas, Texas State
Parks, summer water parks, the award-winning Fort Worth Zoo, the Dallas Zoo, wildlife refuge centers and more.
6
EULESS, TX
INVESTMENT OVERVIEW
The Offering
Property The Terrace Apartments
Property Address 306 Park Drive
Euless, TX 76040
Zoning Multi-Family Residential
Site Description
Number of Units 108
Number of Buildings Six
Number of Stories Two
Year Built 1964
Rentable Square Feet 81,804
Lot Size 1.29 Acres
Type of Ownership Fee Simple
Density 31.76 Units Per Acre
Parking Open
Parking Ratio 1.6
Landscaping Mature Trees and Shrubs
Topography Flat
Utilities
Water RUBBS
Phone Tenant Pays
Electric RUBBS
Gas RUBBS
Construction
Foundation Masonry
Framing Wood
Exterior Brick and Wood
Parking Surface Paved Asphalt
Roof Pitched Composition
Mechanical
HVAC Two-Pipe Chiller
Wiring Copper
Fire Protection Smoke Detectors
7
EULESS, TX
PROPERTY SUMMARY
Common Area Amenities
Unit Amenities
Playground
Two Laundry Facilities
Ample, Open Parking
Easy Access to Major Highways
Mature Trees and Shrubs
Tub and Shower Enclosures-Ceramic Tile
Ramp Entry
Spacious Floor Plan
Walk-In Closets
Frost-Free Refrigerator
8
EULESS, TX
AMENITIES
9
EULESS, TX
PROPERTY PHOTOS
10
EULESS, TX
PROPERTY PHOTOS
11
EULESS, TX
PROPERTY PHOTOS
Local Map Regional Map
12
EULESS, TX
AREA MAPS
13
EULESS, TX
AERIAL PHOTO
14
EULESS, TX
PORTFOLIO MAP
15
EULESS, TX
AREA PROPERTIES
EULESS, TX
APARTMENT: RECENT SALES
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
Embassy
Apartments
The
Arlington
Village
Apartments
Chestnut
Ridge
I
&
II
Average Cap Rate
17
EULESS, TX
CAP RATE AND GRM
Average Price per Square Foot
Average Price per Unit
0.00
4.00
8.00
12.00
16.00
20.00
24.00
28.00
32.00
36.00
40.00
Bear
Creek
Apartments
Collins
Park
Apartments
Village
on
Post
Oak
Apartments
Embassy
Apartments
The
Arlington
Village
Apartments
Chestnut
Ridge
I
&
II
0
3,000
6,000
9,000
12,000
15,000
18,000
21,000
24,000
27,000
30,000
33,000
Bear
Creek
Apartments
Collins
Park
Apartments
Village
on
Post
Oak
Apartments
Embassy
Apartments
The
Arlington
Village
Apartments
Chestnut
Ridge
I
&
II
18
EULESS, TX
PRICE PER SF AND PRICE PER UNIT
1)
2)
3)
4)
5)
6)
Bear Creek Apartments
Collins Park Apartments
Village on Post Oak Apartments
Embassy Apartments
The Arlington Village Apartments
Chestnut Ridge I & II
19
EULESS, TX
APARTMENT: RECENT SALES MAP
No. of Units: 262 Units Unit Type
Year Built: 1963 22 3 Bdr 2 Bath Flat
Sale Price: $6,200,000 40 2 Bdr 2 Bath Flat
Price/Unit: $23,664 20 2 Bdr 1 Bath Flat
Price/SF: $29.53 132 1 Bdr 1 Bath Flat
CAP Rate: N/A 52 Efficiency 1 Bath Flat
GRM: N/A
605 Del Paso Street
Euless, TX 76040
Price/SF: $20.27
CAP Rate: N/A
GRM: N/A
Close of Escrow: August 29, 2012
Close of Escrow: October 3, 2012
306 Park Drive
Euless, TX 76040
Year Built: 1964
3
3 Bdr 2 Bath
Sale Price: Request For Offer
57
2 Bdr 2 Bath
45
1 Bdr 1 Bath
3
Studio
Subject Property
1
2
Collins Park Apartments
808 East Sanford Street
Arlington, TX 76011
20
EULESS, TX
RECENT SALES
Close of Escrow: December 27, 2012
Price/SF: $35.30
CAP Rate: 6.25%
GRM: N/A
Year Built: 1983 120 2 Bdr Flat
Price/Unit: $28,125
Price/SF: $37.91
CAP Rate: N/A
GRM: N/A
Village on Post Oak Apartments
3808 Post Oak Boulevard
Euless, TX 76040
Embassy Apartments
1415 West Airport Freeway
Irving, TX 75062
The Arlington Village Apartments
408 North Fielder Road
Arlington, TX 76012
Sale Price: $3,050,000 44 2 Bdr Flat
Price/SF: $35.85 5 Efficiency 1 Bath Flat
CAP Rate: 9.90%
GRM: N/A
Close of Escrow: August 9, 2012
Close of Escrow: September 25, 2013
3
4
5
21
EULESS, TX
RECENT SALES
Price/Unit: $33,807
Price/SF: $37.02
CAP Rate: 6.50%
GRM: N/A
Chestnut Ridge I & II
8951 Randol Mill Road
Fort Worth, TX 76120
Close of Escrow: February 29, 2012
6
22
EULESS, TX
RECENT SALES
EULESS, TX
LAND: RECENT SALES
1)
2)
3)
4)
5)
6)
Land: South Cooper Street
Land: Heritage Way
Land: Interstate 20
Land: Matlock Road
Land: Mayfield Road
Land: Road to Six Flags
6
LAND: RECENT SALES
EULESS, TX
LAND: RECENT SALES MAP
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
Land:
South
Cooper
Street
Land:
Heritage
Way
Land:
Interstate
20
Land:
Matlock
Road
Land:
Mayfield
Road
Land:
Road
to
Six
Flags
AVERAGE PRICE/ACRE
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
Land:
South
Cooper
Street
Land:
Heritage
Way
Land:
Interstate
20
Land:
Matlock
Road
Land:
Mayfield
Road
Land:
Road
to
Six
Flags
7
LAND: RECENT SALES
EULESS, TX
AVERAGE PRICE/SF
PRICE PER SF AND PRICE PER ACRE
1
2
Land: South Cooper Street
1606-1608 South Cooper Street
Arlington, TX 76013
Land: Heritage Way
701 Heritage Way
Hurst, TX 76053
306 Park Drive
Euless, TX 76040
Subject Property
Close of Escrow: 1/15/13 Lot Size (SF): 39,543
Sale Price: $525,000 Price/SF: $13.28
Down Payment: N/A Lot Size (Acres): 0.9100
Down Payment %: N/A Price/Acre: $576,923
Zoning: Commercial Lot Dimensions: N/A
8
Zoning: Multifamily Lot Dimensions: N/A
LAND: RECENT SALES
EULESS, TX
RECENT SALES
3
4
5
Land: Matlock Road
8106 Matlock Road
Arlington, TX 76002
Land: Mayfield Road
1901 East Mayfield Road
Arlington, TX 76014
Land: Interstate 20
300 I-20 Highway
Arlington, TX 76018
9
Sale Price: $1,197,900 Price/SF: $9.15
Down Payment: $203,643 Lot Size (Acres): 3.0100
Down Payment %: 17% Price/Acre: $397,973
LAND: RECENT SALES
EULESS, TX
Down Payment: $336,000 Lot Size (Acres): 0.8100
Down Payment %: 100% Price/Acre: $414,815
RECENT SALES
6
Land: Road to Six Flags
699 Road to Six Flags
Arlington, TX 76011
Sale Price: $3,500,000 Price/SF: $8.64
10
LAND: RECENT SALES
EULESS, TX
RECENT SALES
EULESS, TX
APARTMENT: ON MARKET COMPARABLES
1)
Woods Apartments
24
EULESS, TX
APARTMENT: ON MARKET COMPARABLES MAP
Woods Apartments
1313 East Shady Grove Road
Irving, TX 75060
List Price: $1,725,000 2 2 Bdr 1.5 Bath Flat
Price/SF: $33.96 27 1 Bdr 1 Bath Flat
CAP Rate: 6.60%
GRM: N/A
Status: On Market
306 Park Drive
Euless, TX 76040
Year Built: 1964 3 3 Bdr 2 Bath
Sale Price: Request For Offer 57 2 Bdr 2 Bath
45 1 Bdr 1 Bath
3 Studio
Subject Property
1
25
EULESS, TX
ON MARKET COMPARABLES
EULESS, TX
LAND: ON MARKET COMPARABLES
1)
Land: Midcities Boulevard
12
EULESS, TX
LAND: ON MARKET COMPARABLES MAP
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
Land:
Midcities
Boulevard
AVERAGE PRICE/ACRE
0
40,000
80,000
120,000
160,000
200,000
240,000
280,000
320,000
360,000
400,000
Land:
Midcities
Boulevard
13
EULESS, TX
AVERAGE PRICE/SF
PRICE PER SF AND PRICE PER ACRE
1
Land: Midcities Boulevard
Midcities Boulevard at Davis Boulevard
North Richland Hills, TX 76180
306 Park Drive
Euless, TX 76040
Subject Property
Close of Escrow: On Market Lot Size (SF): 185,823
List Price: $1,672,407 Price/SF: $9.00
Zoning: Retail Lot Dimensions: N/A
14
EULESS, TX
ON MARKET COMPARABLES
EULESS, TX
RENT COMPARABLES
Average Occupancy
0
10
20
30
40
50
60
70
80
90
100
Subject The
Concord
Apartments
Bear
Creek
Apartments
Royal
Terrace
Apartments
Hillside
Village
Apartments
Shadow
Creek
Apartments
Mission
Pointe
Club
Apartments
Manchester
Apartments
Vickery
Square
Apartments
Wilshire
Manor
Apartments
Bandera
Ranch
Apartments
1Bdr Studio
0
100
200
300
400
500
600
700
800
Subject The
Concord
Apartments
Bear
Creek
Apartments
Royal
Terrace
Apartments
Hillside
Village
Apartments
Shadow
Creek
Apartments
Mission
Pointe
Club
Apartments
Manchester
Apartments
Vickery
Square
Apartments
Wilshire
Manor
Apartments
Bandera
Ranch
Apartments
Average Rents - Studio and 1 Bedroom
27
RENT COMPARABLES
EULESS, TX
OCCUPANCY AND AVERAGE RENTS
2Bdr 3Bdr
0
200
400
600
800
1,000
Subject The
Concord
Apartments
Bear
Creek
Apartments
Royal
Terrace
Apartments
Hillside
Village
Apartments
Shadow
Creek
Apartments
Mission
Pointe
Club
Apartments
Manchester
Apartments
Vickery
Square
Apartments
Wilshire
Manor
Apartments
Bandera
Ranch
Apartments
Average Rents - 2 and 3 Bedrooms
28
RENT COMPARABLES
EULESS, TX
AVERAGE RENTS
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
The Concord Apartments
Royal Terrace Apartments
Hillside Village Apartments
Shadow Creek Apartments
Mission Pointe Club Apartments
Manchester Apartments
Vickery Square Apartments
Wilshire Manor Apartments
Bandera Ranch Apartments
29
RENT COMPARABLES
EULESS, TX
RENT COMPARABLES MAP
Subject Property
Comments
No current concessions.
Electric, gas and trash paid.
1
Comments
RUBBS.
No. of Units 108
Occupancy: 34%
Year Built: 1964
306 Park Drive
Euless, TX 76040
No. of Units 214
Occupancy: 64%
Year Built: 1968
No. of Units 221
Occupancy: 92%
Year Built/Renovated: 1971/2006
The Concord Apartments
1001 Villa Drive
Euless, TX 76040
605 Del Paso
Euless, TX 76040
Unit Type Units SF Rent Rent/SF
3 Bdr 2 Bath Flat 12 1,230 $840 $0.68
2 Bdr 2 Bath Flat 8 950 $680 $0.72
2 Bdr 1 Bath Flat 104 912 $600 $0.66
1 Bdr 1 Bath Flat 76 649 $565 $0.87
1 Bdr 1 Bath Flat 8 625 $565 $0.90
Studio 1 Bath Flat 6 412 $410 $1.00
Total/Wtd. Avg. 214 $610 $0.73
3 Bdr 2 Bath Flat 20 1,097 $1,097 $1.00
2 Bdr 2 Bath Flat 75 821 - 1,004 $850 - $890 $0.95
1 Bdr 1 Bath Flat 126 524 - 645 $550 - $690 $1.06
Total/ Avg. 221 $862 $1.00
2
30
RENT COMPARABLES
EULESS, TX
3 Bdr 2 Bath 3 920 $695 $0.76
2 Bdr 2 Bath 57 850 $665 $0.78
1 Bdr 1 Bath 45 650 $555 $0.85
Studio 3 448 $415 $0.93
Total/Wtd. Avg. 108 81,804 $583 $0.81
RENT COMPARABLES
No. of Units 120
Occupancy: 90%
Year Built/Renovated: 1964
Royal Terrace Apartments
306 Martha Street
Euless, TX 76040
No. of Units 100
Occupancy: 80%
No. of Units 192
Occupancy: 77%
Hillside Village Apartments
306 Vine Street
Euless, TX 76040
Shadow Creek Apartments
311 South Industrial Boulevard
Euless, TX 76040
Comments
All bills paid.
Comments
Tenants pay all bills.
Comments
RUBS.
2 Bdr 1 Bath Flat 36 918 $615 - $685 $0.71
1 Bdr 1 Bath Flat 64 542 - 745 $415 - $560 $0.76
Total/ Avg. 100 $568 $0.74
2 Bdr 2 Bath Flat 12 982 $900 $0.92
1 Bdr 1 Bath Flat 108 525 - 745 $625 - $850 $1.16
Total/ Avg. 120 $818 $1.04
2 Bdr 2 Bath Flat 48 953 - 1,053 $740 - $785 $0.76
1 Bdr 1 Bath Flat 144 648 - 813 $565 - $705 $0.87
Total/ Avg. 192 $698 $0.82
5
4
31
RENT COMPARABLES
3
EULESS, TX
RENT COMPARABLES
No. of Units 260
Occupancy: 97%
Mission Pointe Club Apartments
917 Del Paso Street
Euless, TX 76040
No. of Units 384
Occupancy: 95%
No. of Units 58
Occupancy: 99%
Manchester Apartments
100 Manchester Drive
Euless, TX 76039
Vickery Square Apartments
3015 Pipeline Road
Euless, TX 76040
2 Bdr 2 Bath Flat 34 970 - 1,050 $507 - $595 $0.55
1 Bdr 1 Bath Flat 24 730 $412 - $460 $0.60
Total/ Avg. 58 $493 $0.58
2 Bdr 2 Bath Flat 128 1,048 $690 - $725 $0.68
2 Bdr 1 Bath Flat 128 940 $630 $0.67
1 Bdr 1 Bath Flat 128 715 $550 $0.77
Total/ Avg. 384 $629 $0.71
2 Bdr 2 Bath Flat 76 1,008 - 1,072 $645 - $670 $0.63
2 Bdr 1 Bath Flat 40 948 $620 $0.65
1 Bdr 1 Bath Flat 144 612 - 720 $480 - $520 $0.75
Total/ Avg. 260 $592 $0.68
Comments
Tenant pays all bills.
Comments
$99 off first month's rent with proof of credit, all floorplans.
Tenant pays all bills.
Comments
Gas and trash paid.
8
7
32
RENT COMPARABLES
6
EULESS, TX
RENT COMPARABLES
No. of Units 118
Occupancy: 83%
Wilshire Manor Apartments
1400 Sagebrush Trail
Euless, TX 76040
No. of Units 164
Occupancy: 96%
Bandera Ranch Apartments
1881 West Airport Freeway
Euless, TX 76040
2 Bdr 2 Bath Flat 56 1,053 - 1,074 $835 $0.79
1 Bdr 1 Bath Flat 108 670 - 834 $620 - $680 $0.86
Total/ Avg. 164 $742 $0.83
2 Bdr 1.5 Bath Twnhs 4 1,300 $975 $0.75
2 Bdr 1 Bath Flat 4 1,182 $975 $0.82
2 Bdr 1 Bath Flat 32 800 $800 $1.00
1 Bdr 1 Bath Twnhs 20 750 $700 $0.93
1 Bdr 1 Bath Flat 58 650 $629 $0.97
Total/Wtd. Avg. 118 $815 $0.95
Comments
All bills paid.
Comments
$399 total move-in special, all floorplans.
RUBS.
11
10
33
9
RENT COMPARABLES
EULESS, TX
RENT COMPARABLES
EULESS, TX
MARKET OVERVIEW
35
MARKET OVERVIEW
EULESS, TX
Market Highlights
High population growth
Dallas/Fort Worth's population growth from
2010 to 2012 ranks among the highest in the
U.S. for a major metro.
Heavy concentration of headquarters
The Metroplex is home to 18 Fortune 500
companies and many regional headquarters.
High median household income
The annual median household income in
Dallas/Fort Worth at $59,500 is well above
the U.S. median of $53,100.
Geography
Centrally located in the southern portion of the U.S., Dallas/Fort Worth is one of the largest MSAs in the nation,
stretching across 9,300 square miles in northern Texas. The eastern portion of the Metroplex is situated in the
Blackland Prairie region, so named for its fertile black soil. This area is dotted with man-made lakes, as well as
streams, creeks and rivers. The western portion of the Metroplex falls within the Fort Worth Prairie. Much of this
former ranchland sits atop a natural oil field and the Barnett Shale geological formation.
Dallas-Fort Worth-Arlington Metro
DALLAS-FORT WORTH
36
Metro
The Dallas/Fort Worth metropolitan statistical area is
the fourth largest in the nation and composed of 12
counties. The largest of which are Dallas and Tarrant,
with an aggregate of more than 6.6 million residents.
Population growth in the region was tremendous
during the past decade, outperforming most U.S.
metros. The metro is expected to expand 1.5 percent
per year through 2017.
Largest Cities: Dallas/Fort Worth MSA
MARKET OVERVIEW
Airports
Dallas/Fort Worth International Airport
Dallas Love Field Airport
13 smaller airports
Major Roadways
Interstates 20, 30, 35, 45, 635 and 820
Toll roads, turnpikes
Rail
Freight - Union Pacific, BNSF, Kansas City
Southern
Passenger - Trinity Railway Express, Amtrak
Light rail - DART
Port
International Inland Port of Dallas
EULESS, TX
Infrastructure
The region's transportation network is continually
evolving to improve traffic flow as freeways are
expanded and tollways and turnpike miles are added to
improve traffic flow. Recent projects include the LBJ
Freeway and State Highway 121. Dallas Area Rapid
Transit (DART) operates 612 buses and an 85-mile
light-rail system that serve Dallas and surrounding
cities. Trinity Railway Express is a commuter rail that
connects Dallas, Fort Worth and the Dallas/Fort
Worth International Airport.
The business community has easy access to major
commercial centers around the globe via Dallas/Fort
Worth International Airport, home to American
Airlines; Dallas Love Field, home to Southwest
Airlines; and Alliance Airport. The Metroplexs
strategic location on Interstate 35 and the NAFTA
Superhighway, its intermodal facilities, and the
International Inland Port of Dallas, ensure its status as
a national distribution hub for years to come.
The Dallas/Fort Worth MSA is:
200 miles from Austin
230 miles from Houston
880 miles from Denver
925 miles from Chicago
2012 Estimate
Sources: Marcus & Millichap Research Services, Experian
Dallas 1,241,500
Fort Worth 773,600
Arlington 377,100
Plano 270,400
Garland 234,100
Irving 225,000
DALLAS-FORT WORTH
37
MARKET OVERVIEW
EULESS, TX
Economy
The Dallas/Fort Worth economy continues to evolve.
Companies migrate to the area attracted by a friendly
business climate, warm weather, no state income tax,
and a right-to-work policy. These qualities combined
with an educated work force, diverse population and
low housing costs have led to extraordinary growth in
the Metroplex and will continue to bring in new
businesses. Economic expansion was further fueled by a
rise of telecommunications and high-tech companies.
The region is home to 18 Fortune 500 companies in
diverse economic sectors including retail, food,
healthcare services, energy and telecommunications.
They include ExxonMobil, AMR, AT&T, Kimberly-
Clark and J.C. Penney. The area also has one of the
highest concentrations of privately held companies,
with at least $1 billion in annual revenues
headquartered in the area. More than 10,000 national
and international corporations maintain regional and
subsidiary headquarters in the Metroplex.
Dallas/Fort Worths central location and vast
intermodal facilities allow the Metroplex to be the pre-
eminent distribution hub for the burgeoning
Southwest, as increased energy costs have boosted the
need for a greater regionalized transportation
distribution system. Trade and transportation
companies provide more than one-fifth of total
employment and infuse billions of dollars each year
into the local economy.
DALLAS-FORT WORTH
38
MARKET OVERVIEW
EULESS, TX
Labor
Dallas/Fort Worth is one of the nations largest employment markets, containing more than 4.3 million workers.
The Metroplex fared better than most of the nation during the past five years with more than 30,000 jobs added
and local employers are forecast to create nearly 362,000 jobs through the end of 2017. Employment growth can
be attributed to the continuation of north-to-south migration; the Metroplexs quality of life; lack of state income
taxes, which has attracted employees; and pro-business community evolution, which has drawn both businesses
and workers.
During the recession, many employment sectors continued to expand, unlike most other metro areas. Recent
employment gains have occurred in higher-paying, diversified fields including healthcare, defense manufacturing,
telecommunications and professional services.
Over the next five years, the construction sector is forecast to register the greatest growth to accommodate the
area's expanding infrastructure. Following construction are government, education and health services, and other
services, each with an expansion of more than 3.5 percent. The trade, transportation and utilities sector is an
important economic driver in the region, employing more than 618,000 workers. This sector is forecast to grow by
2.3 percent over the next five years.
DALLAS-FORT WORTH
39
MARKET OVERVIEW
EULESS, TX
Employers
Dallas/Fort Worth has evolved from a commodities-
based economy to a high-tech and telecommunications
hub, as well as a haven for corporate headquarters; 18
Fortune 500 companies and nearly 50 Fortune 1000
businesses are housed in the area, many of which are in
Las Colinas.
Two major airlines are headquartered locally.
American Airlines operates out of Dallas/Fort Worth
International Airport, and Southwest Airlines operates
from Dallas Love Field.
Texas Instruments is one of the primary employers of
high-tech workers. The majority of technology-based
companies in the region are smaller firms.
Telecommunications is a growing industry, with most
of the major companies maintaining offices in the area,
including Verizon and AT&T.
Lockheed Martin Corp., based in Fort Worth, anchors
the defense-related manufacturing sector. Other major
defense firms include Bell Helicopter Textron Inc. and
Raytheon Co.
The energy sector includes companies such as
ExxonMobil, Fluor and Atmos Energy. This segment
is expanding due to exploration and gas extraction from
the Barnett Shale formation which could bring billions
of dollars to the North Texas economy.
Major Employers
Walmart Stores, Inc.
AMR Corp. (American Airlines)
Texas Health Resources
Baylor Health Care System
JP Morgan Chase
Lockheed Martin
HCA Healthcare
Bank of America Corp.
Verizon Communications, Inc.
DALLAS-FORT WORTH
40
MARKET OVERVIEW
EULESS, TX
Demographics
Dallas/Fort Worth's population grew significantly
during the past decade, with the addition of more than
1.2 million residents in that time, making the metro
one of the largest in the nation. Since 2000, the greatest
percentages of population gains have been posted in
Collin, Denton and Tarrant counties.
The Metroplexs phenomenal population growth is
fueled by strong natural increases, as well as the nations
north-to-south migration. The region will continue to
benefit from companies and people moving to the
South for more favorable weather and economic
prospects. The Metroplex remains relatively young; the
median age, at 34.1 years, is well below that of 37.5 for
the nation, as senior citizens age 65 and over, account
for just 9 percent of the regions population.
Unlike many other fast-growing Sun Belt metros,
Dallas/Fort Worth boasts high educational attainment.
Approximately 87 percent of residents above the age of
25 have earned a high school diploma, and 30.8
percent have attained a bachelors degree.
The median household income sits at $59,500 per year,
above the U.S. median of $53,100. Housing prices are
low compared with other cities in Texas, which has
afforded 56 percent of households homeownership.
DALLAS-FORT WORTH
41
MARKET OVERVIEW
EULESS, TX
Quality Of Life
The Metroplex provides residents an unparalleled
lifestyle at a reasonable cost. The region continually
ranks high for its affordability when compared with
other large metros. The cost of living should remain low
over the coming years, as income growth is expected to
far exceed the rise in home prices.
A temperate climate provides ample opportunities for
sports enthusiasts to enjoy the outdoors. The region
boasts 150 public and private golf courses, as well as
several reservoirs. Dallas/Fort Worth hosts professional
teams in baseball, football, hockey and basketball.
Dallas/Fort Worth is not only recognized for its sports
teams accomplishments, but also for hosting world-
recognized cultural institutions. The region boasts more
than 150 museums and art galleries. Fort Worth is
home to the internationally renowned Kimbell Art
Museum and Modern Art Museum of Fort Worth.
Metroplex residents are proximate to nationally
recognized health centers: Parkland Memorial Hospital,
Baylor University Medical Center and Texas Health
Harris Methodist Hospital Fort Worth. Four medical
schools support Dallas/Fort Worths excellent healthcare
providers.
The University of Texas at Dallas, Southern Methodist
University, Texas Christian University, Texas Woman's
University and the University of North Texas at Dallas
are among the numerous institutions of higher learning
located in the Metroplex.
DALLAS-FORT WORTH
42
MARKET OVERVIEW
No End in Sight for Metroplex Apartment Building Boom
Dallas/Fort Worth has been a hotbed for economic activity this year, holding apartment vacancy near a five-year
low despite surging deliveries. Throughout 2013, the Class A sector, which stands to record a dramatic uptick in
inventory this year, will benefit from strong growth in the traditionally higher-paying professional and business
services sector. Dallas/Fort Worths relatively low costs of living and doing business, along with its pro-business
climate, remain lures for corporate relocations and expansions. Renter demand for Class B/C apartments is also on
an upward trajectory thanks to ongoing job creation in the trade, transportation and utilities, and manufacturing
sectors. Blue-collar job creation should continue apace in the near term as Motorola staffs a new smartphone plant
north of Fort Worth and Amazon.com, BMW, and various other large companies target the Metroplex for
distribution facilities. Dallas/Fort Worths dramatic economic recovery has not gone unnoticed by developers, who
will deliver more than 13,000 apartments in 2013, up more than 80 percent from last year. Year to date, vacancy
declined modestly, and it should remain fairly stable through the second half as strong job creation and population
growth drive outsized renter demand. Upward pressure on vacancy could start building next year, however, as
11,000 units are already underway and pegged for delivery in 2014, and the planning pipeline continues to
expand.
Sales accelerated over the past year as an increase in listings was met with heightened investor demand. In the
Class A sector, which remains dominated by REITs and institutional investors, cap rates slipped to the low- to
mid-5 percent range, with best-of-class assets in Dallas trading even lower. Class B cap rates compressed roughly
50 basis points over the past year to the mid-6 to low-7 percent range due to low interest rates and the return of
California, East Coast and Canadian buyers. Out-of-state capital is focused mostly on Class B assets with 100-plus
units, which tend to offer stable returns and can also be candidates for repositioning. While demand will remain
elevated in the near term, an uptick in interest rates may begin to counter cap rate compression.
EULESS, TX
Employment: Metroplex payrolls will grow by 3.2 percent or 96,700 jobs in 2013.
While payrolls will rise across nearly all major sectors, professional and business
services employers will account for the most hiring. During 2012, job growth reached
3.6 percent.
Construction: Apartment completions will total approximately 13,500 units in 2013.
While this years total reflects a sizable increase from 2012, when 7,455 units were
delivered, the forecast remains 26 percent below the markets cyclical peak in 2009.
Vacancy: Dallas/Fort Worth apartment vacancy will end 2013 at 6.6 percent, up 30
basis points from last year. Despite the supply-induced uptick, vacancy will remain
favorable relative to the markets historical norm.
Rents: Effective rents will rise 4.5 percent in 2013 to $863 per month. The increase
will be partially attributable to the delivery of thousands of top-tier units to the
marketplace, in addition to a wave of renovations. In 2012, Metroplex rents advanced
2.9 percent.
2013 Annual Apartment Forecast
DALLAS-FORT WORTH
43
MARKET OVERVIEW
EULESS, TX
Economy
Metrowide employment increased an estimated 3.1 percent, or by 92,100 jobs, during the 12-month period
ending in June. During the corresponding period one year earlier, local payrolls increased 2.8 percent.
The professional and business services sector posted the strongest job creation over the past year with the
addition of 21,500 workers, lending strength to Class A apartment demand. The typically lower-paying leisure
and hospitality, and trade, transportation and utilities sectors followed, with gains of approximately 15,000
jobs each.
Motorola recently announced plans to open a smartphone plant at Alliance. Ambitious plans for the facility,
which was once occupied by Nokia, include hiring 2,000 workers and starting production by late summer. Job
creation in the Alliance area should boost apartment demand in North Fort Worth, which currently posts
above-average vacancy.
Outlook: Metroplex payrolls will grow by 3.2 percent, or 96,700 jobs, in 2013. During 2012, employment
increased 3.6 percent.
Housing and Demographics
The price of a single-family home in the Metroplex rose to $166,900 in the second quarter, reflecting a 13
percent jump from 18 months earlier. The pace of appreciation did slow considerably in recent months,
though, as mortgage rates ticked up.
Assuming a 20 percent downpayment, the mortgage payment for a median-priced home in Dallas/Fort Worth,
including estimated taxes and homeowners insurance, exceeds the average apartment rent by almost $120 per
month.
Over the past 12 months, home builders pulled almost 20,000 single-family permits, up 33 percent from one
year earlier. Multifamily permits increased 27 percent during the same span to 15,400 units.
Outlook: Nationally, an uptick in mortgage rates starting in late May led to a sizable reduction in mortgage
applications, a trend that was likely mirrored at the metro level. If rates remain elevated or rise further this year,
the resulting reduction in housing affordability should benefit local apartment property owners.
* Forecast
** Trailing 12-month period
DALLAS-FORT WORTH
44
MARKET OVERVIEW
EULESS, TX
Construction
Developers delivered 10,200 apartments to the Metroplex over the last four quarters, up from 6,200 units in
the corresponding period one year ago. Approximately 80 percent of the new supply came online in the Dallas
portion of the metro.
The Intown submarket will lead deliveries in 2013 with 2,315 new units. Carrollton/Farmers Branch/Addison
will take second, with approximately 1,240 apartments slated to come online this year.
In Fort Worth, completions will be concentrated in the Intown/University submarket this year. In the first
half, 370 units were delivered in the area, and an additional 465 apartments will be delivered by year end.
Outlook: Metroplex apartment completions will total approximately 13,500 units in 2013, up from 7,455
units last year but still 26 percent below the last cyclical peak in 2009.
Vacancy
After slipping to 5.9 percent in the second quarter of 2012, vacancy has remained flat alongside apartment
completions. As of midyear, the overall rate in the Metroplex remains 5.9 percent.
In Dallas, most tightening over the past year occurred in the South Dallas County submarket, where no new
supply was brought online. Vacancy in the area dipped 130 basis points to 5 percent. The North Dallas
submarket followed with a 110-basis point reduction to the high-4 percent range.
Within the Fort Worth portion of the metro, the South submarket posted the most improvement, with
vacancy declining 250 basis points to a still-high 8.2 percent. The lower-vacancy Hurst/Euless/Bedford
submarket remained flat over the past year as completions remained modest.
Outlook: Metroplex apartment vacancy will end 2013 at 6.6 percent, up 30 basis points from last year.
Despite the supply-induced uptick, vacancy will remain favorable relative to the markets historical norm.
* Forecast
DALLAS-FORT WORTH
45
MARKET OVERVIEW
EULESS, TX
Rents
Effective rents in the Metroplex increased 3.7 percent over the past year to $849 per month. Fort Worth led
the market with a gain of 5.1 percent, driving its average to $766 per month, while rents in Dallas rose 3.3
percent to $878 per month.
Of the top five submarkets for rent growth over the past year, all but two are in Forth Worth. Arlington and
East Dallas took the first two spots with gains of 8.6 percent and 8.5 percent, respectively.
Throughout the Metroplex, the only decline in rents occurred in Oak Lawn/Park Cities submarket, where
rents dropped 2.5 percent to $1,307, remaining the second highest to InTown Dallas.
Outlook: Effective rents will rise 4.5 percent in 2013 to $863 per month. The increase will be partially
attributable to the delivery of thousands of top-tier units to the marketplace. In 2012, Metroplex rents
advanced 2.9 percent.
Sales Trends**
Apartment property sales over the past 12 months rose by more than 45 percent compared with the
corresponding period last year. Deals involving 50 or fewer units increased the most, but this segment of the
market accounted for just one- quarter of all transactions.
Approximately half of the transactions posted during the past year were for properties of 100 to 300 units.
While in-state investors acquired most of these deals, California buyers recorded a notable increase in
acquisitions.
Cap rates vary greatly by asset quality and location. Newer Class A properties in core submarkets, for example,
can trade in the 5.25 to 5.5 percent range, while Class C assets generally change hands between 7.5 and 9.0
percent.
Outlook: Competition has become particularly strong for 1980s properties with 100-plus units. Assets of this
vintage, especially those in core submarkets, can offer significant rental upside by completing mostly cosmetic
enhancements.
* Forecast
DALLAS-FORT WORTH
46
MARKET OVERVIEW
EULESS, TX
Capital Markets
The rate on the 10-year U.S. Treasury rose to the mid-2 percent range after comments from Fed Chairman
Bernanke were interpreted to mean that the central bank would start tapering stimulus sooner than expected in
late 2013. Subsequent statements from Fed officials were intended to reassure the markets that the winding
down of bond purchases would be neither peremptory nor severe. The immediate reaction of multifamily
lenders was to hold rates firm on transactions in the pipeline, but quote higher rates on new inquiries.
Cap rates will be affected by higher interest rates, although the two will not move in a one-to-one relationship.
Most immediately, cap rates will rise on Class A assets, where spreads were already quite narrow before the
Treasury re-priced. With long-term rates well below historical trends, however, opportune conditions exist for
borrowers to either get acquisition financing or refinance.
The 10-year CMBS loans will re-price as interest rates settle, and other lenders will follow. Local and regional
banks were issuing loans of $3 million and more for 10 years from 3.75 percent to 4.25 percent this year, but
are likely to price 75 basis points higher. Competition remains keen as new sources of capital emerge. Five-year
loans, meanwhile, will price from 4.25 percent to 4.625 percent.
Government agencies Fannie Mae and Freddie Mac continue to assume leading roles in multifamily finance
and account for most of the debt placed in the sector. The agencies will underwrite deals at up to 80 percent
LTV and rates 2.75 percent over the seven-year Treasury.
DALLAS-FORT WORTH
Sources: Marcus & Millichap Research Services, Bureau of Labor Statistics, CoStar Group, Inc., Economy.com, National Association of Realtors, Real
Capital Analytics, MPF Research, TWR/Dodge Pipeline, U.S. Census Bureau.
EULESS, TX
DEMOGRAPHIC ANALYSIS
1 Mile 3 Miles 5 Miles
2000 Population 11,501 78,725 196,982
2010 Population 13,296 88,871 205,117
2013 Population 13,745 92,472 213,137
2018 Population 14,708 98,263 220,663
2000 Households 4,328 34,996 86,152
2010 Households 4,811 39,297 89,389
2013 Households 4,982 40,929 92,977
2018 Households 5,297 43,492 96,288
2013 Average Household Size 2.72 2.25 2.29
2013 Daytime Population 5,800 41,508 97,557
2000 Median Housing Value $94,829 $100,940 $111,195
2000 Owner Occupied Housing Units 42.59% 39.48% 41.66%
2000 Renter Occupied Housing Units 54.40% 55.17% 53.58%
2000 Vacant 3.89% 4.64% 4.92%
2013 Vacant 6.87% 5.95% 6.69%
2018 Vacant 6.98% 6.04% 6.77%
$ 0 - $14,999 12.9% 8.1% 8.3%
$ 15,000 - $24,999 12.9% 10.1% 10.0%
$ 25,000 - $34,999 12.7% 12.9% 11.8%
$ 35,000 - $49,999 16.7% 17.0% 16.5%
$ 50,000 - $74,999 21.1% 20.7% 19.3%
$ 75,000 - $99,999 10.8% 13.2% 11.8%
$100,000 - $124,999 6.6% 8.4% 8.6%
$125,000 - $149,999 3.0% 4.0% 4.9%
$150,000 - $199,999 1.5% 3.1% 4.4%
$200,000 - $249,999 0.9% 0.9% 1.8%
$250,000 + 1.1% 1.5% 2.7%
2013 Median Household Income $44,662 $51,892 $53,574
2013 Per Capita Income $21,266 $30,267 $33,871
2013 Average Household Income $58,645 $68,260 $77,585
Demographic data 2012 by Experian.
48
EULESS, TX
DEMOGRAPHIC REPORT
Geography: 5 Miles
Population
In 2013, the population in your selected geography was 213,137 . The population has changed by 8.20% since 2000. It is estimated
that the population in your area will be 220,663 five years from now, which represents a change of 3.53% from the current year. The
current population is 48.8%male and 51.1%female. The median age of the population in your area is 35.6 , compare this to the U.S.
average which is 37. The population density in your area is 3,126.84 people per square mile.
Households
There are currently 92,977 households in your selected geography. The number of households has changed by 7.92%since 2000. It
is estimated that the number of households in your area will be 96,288 five years from now, which represents a change of 3.56%
from the current year. The average household size in your area is 2.29 persons.
Income
In 2013, the median household income for your selected geography is $53,574 , compare this to the U.S. average which is currently
$53,535. The median household income for your area has changed by -3.34%since 2000. It is estimated that the median household
income in your area will be $57,471 five years from now, which represents a change of 7.27% from the current year.
The current year per capita income in your area is $33,871 , compare this to the U.S. average, which is $28,888. The current year
average household income in your area is $77,585 , compare this to the U.S. average which is $75,373.
Race & Ethnicity
The current year racial makeup of your selected area is as follows: 67.90%White, 13.93%African American, 0.60%Native American
and 7.94% Asian/Pacific Islander. Compare these to U.S. averages which are: 72.20% White, 12.65% African American, 0.96%
Native American and 5.01% Asian/Pacific Islander.
People of Hispanic origin are counted independently of race. People of Hispanic origin make up 18.85% of the current year
population in your selected area. Compare this to the U.S. average of 16.55%.
Housing
The median housing value in your area was $111,195 in 2000, compare this to the U.S. average of $110,781 for the same year. In
2000, there were 37,745 owner occupied housing units in your area and there were 48,544 renter occupied housing units in your
area. The median rent at the time was $608 .
Employment
In 2013, there are 97,557 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed
that 73.0% of employees are employed in white-collar occupations in this geography, and 26.9% are employed in blue-collar
occupations. In 2013, unemployment in this area is 2.81% . In 2000, the median time traveled to work was 22.7 minutes.
49
EULESS, TX
SUMMARY REPORT
Number of people living in a given area per square mile.
50
EULESS, TX
POPULATION DENSITY
The number of people employed in a given area per square mile.
51
EULESS, TX
EMPLOYMENT DENSITY
Average income of all the people 15 years and older occupying a
single housing unit.
52
EULESS, TX
AVERAGE HOUSEHOLD INCOME
Two-way, average daily traffic volumes. Traffic Count data 2012 by TrafficMetrix. All rights reserved.
53
EULESS, TX
* Traffic Count Estimate
TRAFFIC COUNTS
EULESS, TX
OFFERING MEMORANDUM
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