FOR SALE ALL OR PART

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1 FOR SALE ALL OR PART 194 ± ACRES FOSTER RIDGE INDUSTRIAL PARK BEXAR COUNTY, TEXAS Presented By: Joe Carroll 900 Isom Road, Suite 306 San Antonio, Texas Tel. 210/ Fax 210/

2 TABLE OF CONTENTS 1. PROPERTY DESCRIPTION Page 3 2. LOCATION MAP Page 5 3. AERIAL PHOTO Page 6 4. SITE PLAN FOSTER RIDGE PARK Page 7 5. OVERALL DEVELOPMENT PLAN W/TOPO Page 8 6. LEGAL DESCRIPTIONS (REMAINING 194± ACRES) Page 9 7. FOREIGN TRADE ZONE & ENTERPRISE ZONE INFORMATION Page DECLARATION OF PROTECTIVE COVENANTS Page BROKERAGE INFORMATION & DISCLAIMER Page 43 2

3 FOSTER RIDGE INDUSTRIAL PARK PROPERTY DESCRIPTION SIZE: Approximately Acres. Parcels available from 4 acres Note: A portion of the property lies within the year flood plain. LOCATION: On the east side of N. Foster Road, approximately one half (1/2) mile south of its intersection with IH-10 East. FRONTAGE: N. Foster Road 2,440 LANCER BLVD - ± 1,100 ACCESS: UTILITIES: N. Foster Road via IH-10 East or FM 1346 (St. Hedwig Road) to Lancer Blvd. Sewer - provided by San Antonio Water System (SAWS). There is an 18 main adjacent to the east and south boundaries of the site. Water provided by San Antonio Water System (SAWS). There is a 16 main along the eastside of Foster Road and a 12 line along Lancer Blvd. Electrical provided by City Public Service (CPS). Gas provided by City Public Service (CPS). There is a 30 main along the eastside of N. Foster Road and an 8 line along Lancer Blvd. *Specific capacities and utility locations should be verified by qualified consultants prior to purchase. ZONING: The subject property (as of January 2014) does not currently lie within the city limits of San Antonio and is therefore not zoned. However, it is in the extra territorial jurisdiction (ETJ) of the City of San Antonio and is subject not only to Bexar County s development rules and regulations, but also San Antonio s current Uniform Development Code (UDC). Amenities: Foreign Trade Zone (FTZ) designation available and the Park is located within the Eastside Enterprise Zone. PRICE: TERMS: Individual parcels can be purchased at a price to be negotiated based on size, use, and location within the Park. The entire parcel may be purchased, as-is, for $30, per acre. Cash

4 TAXES (2013 ACTUAL): Effective rates per $100 of assessed value Taxing Entity Rate Bexar County - $ East Central ISD Hospital District Alamo Community College SARA Flood District Emer. Serv. Dist.# COMMENTS: A tremendous opportunity for industrial development, this well located, easily accessible property with initial infrastructure in place, is ready to go. Lancer owns and occupies part of 40 acres within the Park. 4

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14 CONSTRUCTION An important element in San Antonio s economy is the construction industry. The 1993 dollar value of building permits issued was 617,289,000, a 35% increase over Contributing to the low costs of this industry are a number of factors: a population increase of 29% since 1980, a mild climate allowing for year-round construction, sources of materials close at hand (cement, gravel, sand, water) and a growing industrial base. BOND FINANCING PRIVATE ACTIVITY BOND FINANCING Tax-exempt private activity bond financing in the State of Texas exists for the purpose of job creation, the development of manufacturing enterprises and other projects which meet certain state and federal guidelines. The financing can involve the expansion or acquisition of existing plants, construction of new plants, and equipment and machinery. Approval of the bond issue rests on the financial feasibility (applicant s) ability to repay the bonds. The bonds are generally secured by the full faith and credit of the applicant. The following steps are applicable whether the applicant is applying to the City of San Antonio, Bexar County, or the San Antonio River Industrial Development Authority. o The applicant requests the issuing entity qualified private activity bonds to provide financing for a specific project. o Generally, an inducement resolution, evidencing present intent to issue bonds to provide financing for the project, must then be adopted by the issuing entity. Project costs incurred subsequent to this time are generally reimbursable out of bond proceeds. o The applicant seeks a purchaser for the proposed bonds and negotiates documents governing the transaction. This can be done with the assistance of local investment bankers. The issuing entity adopts a resolution approving issuance of the bonds pursuant to the underlying documents: these transactions must be approved by the applicable governmental entity following any necessary public hearings. o The primary benefit to the applicant is a lower rate of interest in comparison to conventional financing. Depending upon the financial strength of the applicant, tax exempt rates can range from one-fourth of one percent to three percent under conventional rates. o The underlying documents are submitted to the Texas Department of Commerce for their approval and a reservation is applied for out of the State s volume ceiling on private activity bonds. o After receipt of the Texas Department of Commerce s approval and the necessary allocation amount out of the State s ceiling, bonds may be issued and the proceeds used by the applicant to pay bond issuance expenses, administrative costs and project acquisition and construction costs, subject to certain federal guidelines. The total time lapse for the financing should not exceed normal time requirements for the issuance and sale of other types of corporate debt securities. As in all states, the aggregated amount of bonds which may be issued within the calendar year is based on population; therefore, project funding is contingent on the availability of sufficient allocation amounts. The possibility exists that taxable bonds might be available for projects which do not qualify for tax-exempt financing. Projects financed with taxable bonds would be subject to applicable state law requirements but would be exempt from federal restrictions on the use of proceeds from tax-exempt bonds. The opportunity for longer term financing is possible through taxable bonds. TRADE ZONE FOREIGN TRADE ZONE #80 The City of San Antonio is authorized by grant of the Foreign Trade Zones Board to operate under the supervision of the U.S. Customs Service, a general purpose Foreign Trade Zone (FTZ). Sometimes referred to as a free port, and FTZ is a secured area considered to be outside of U.S. Customs Territory. The FTZ is a cost savings opportunity combined with the advantages of flexibility. Both domestic and foreign goods can be placed in the Zone without formal Customs entry, payment of Customs duties or government excise taxes. By using the Zone, business costs can be reduced significantly, thereby improving cash flow and return on investment. For the community, the Zone is a means to stimulate the local economy, expand international trade and increase employment, particularly in manufacturing and goods handling industries. In the San Antonio Foreign Trade Zone, easy transportation access is guaranteed as the sites are conveniently located on major interstate highways and railroads. Over 900 acres of prime build-tosuit, land, infrastructure in place, is available for sale or lease, plus warehouse and air cargo facilities. Furthermore, the International Logistics Centers concept, approved by the San Antonio City Council as a economic development strategy, is a plan to develop the business park sites located in the San Antonio Foreign Trade Zone. It was developed and is being implemented through a joint public and private partnership. The logistics center components will include executive office suites; showroom; computer center; public and private warehouses; distribution facilities; customs brokers; customs agents; manufacturing, assembly and processing; container yards; heavy equipment storage; truck repair and fueling stations; satellite communication center; restaurant and hotel facilities and security and control services. 14

15 The Logistics Center will be particularly effective in San Antonio because of the city s unique position in international trade. Its geographical location serves as a major transportation and distribution center for goods flowing between the U.S. and Mexico. The combination of an FTZ and Logistics Centers offers numerous business advantages including: o a competitive advantage for international shippers and manufacturers seeking a base of operation in the United States, o a method of facilitating twoway trade and investment through an inland port linked to major water port cities. o providing foreign companies, especially Mexican companies, a greater opportunity to penetrate the U.S. market. o efficient operations that reduce costs and accelerate the capture of market share. o access to major transportation systems and routes. o deferred payment of customs duties and excise taxes until merchandise stored or produced within the Zone actually leaves the Zone and enters U.S. domestic commerce, o reduced duty on goods through processing, o eliminated duties on merchandise which is returned to a foreign supplier destroyed or wasted in a manufacturing process, o eliminated state and local ad valorem taxes on foreign merchandise and/or domestic inventory destined for export, o relabeling or marking merchandise in the Zone to conform to Customs requirements or reconditioning or altering merchandise to meet federal or state requirements, and o complementing maquiladora operations by deferring or eliminating value added taxes. ENTERPRISE ZONE The City of San Antonio has identified two areas as enterprise zones (designated by the Texas Department of Commerce as the San Antonio Eastside and Westside Enterprise Zones). These zones were created to spur job growth and investment by encouraging business retention, expansion and start-ups. To qualify, 25% of a company s employee base must be residents of the zone and/or economically disadvantaged persons. Furthermore, the company must be actively engaged in business within the zone, or must have given a substantial commitment to initiate business within the zone. Should a company apply for and receive designation as an enterprise zone project, numerous benefits are available. The company would be eligible for a 10-year tax phase-in period (the maximum allowed under state law), sales tax refunds, reduced franchise taxes, streamlined permitting and enhanced municipal services. The state sales and use tax refund, for example, is $2,000 for each new permanent job created, up to a maximum of $250,000 each year for five years. The refund is for sales and use taxes imposed on equipment, machinery or building materials used in remodeling, rehabilitating or constructing a structure in an Enterprise Zone. Some of the companies currently established in the San Antonio Enterprise Zone include GW Plastics, Golden Aluminum Company, Bausch & Lomb and Signtech. 15

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44 SALE/LEASE AMERICANS WITH DISABILITIES ACT AND HAZARDOUS MATERIALS DISCLOSURE Property: Foster Ridge Industrial Park: 194± Ac., N. Foster Lancer Blvd., Bexar County, Texas The United States Congress has enacted the Americans with Disabilities Act. Among other things, this act is intended to make many business establishments equally accessible to persons with a variety of disabilities; modifications to real property may be required. State and local laws also may mandate changes. The real estate brokers in this transaction are not qualified to advise you as to what, if any, changes may be required now, or in the future. Owners and tenants should consult the attorneys and qualified design professionals of their choice for information regarding these matters. Real estate brokers cannot determine which attorneys or design professionals have the appropriate expertise in this area. Various construction materials may contain items that have been or may be in the future determined to be hazardous (toxic) or undesirable and may need to be specifically treated/handled or removed. For example, some transformers and other electrical components contain PCB s, and asbestos has been used in components such as fire-proofing, heating and cooling systems, air duct insulation, spray-on and tile acoustical materials, linoleum, floor tiles, roofing, dry wall and plaster. Due to prior or current uses of the Property or in the area, the Property may have hazardous or undesirable metals, minerals, chemicals, hydrocarbons, or biological or radioactive items (including electric and magnetic fields) in soils, water, building components, above or below ground containers or elsewhere in areas that may or may not be accessible or noticeable. Such items may leak or otherwise be released. Real estate agents have no expertise in the detection or correction of hazardous or undesirable items. Expert inspections are necessary. Current or future laws may require clean up by past, present and/or future owners and/or operators. It is the responsibility of the Seller/Lessor and Buyer/Tenant to retain qualified experts to detect and correct such matters and to consult with legal counsel of their choice to determine what provisions, if any, they may wish to included in transaction documents regarding the Property. SELLER/LESSOR By: Title: Date: BUYER/TENANT By: Title: Date: 44

45 THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES BELIEVED RELIABLE; HOWEVER, SELLER MAKES NO GUARANTEES, WARRANTIES OR REPRESENTATIONS AS TO THE COMPLETENESS OR ACCURACY THEREOF. THE PRESENTATION OF THIS PROPERTY IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, OR CONDITIONS, PRIOR TO SALE OR LEASE, OR WITHDRAWAL WITHOUT NOTICE.

The U.S. Foreign-Trade Zones Program. Promoting Trade, Job Creation & Economic Development

The U.S. Foreign-Trade Zones Program Promoting Trade, Job Creation & Economic Development The U.S. Foreign-Trade Zones Program Promoting Trade, Job Creation & Economic Development Table of Contents Executive