OFFERING MEMORANDUM: FOX PLAZA 5511-5559 ALAMEDA AVENUE, EL PASO, TX 79905 PHILIP LEVY - Senior Managing Director Investments
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OFFERING MEMORANDUM:
PHILIP LEVY
FOX PLAZA Senior Managing Director Investments
5511-5559 ALAMEDA AVENUE, 972.755.5225
EL PASO, TX 79905 plevy@marcusmillichap.com
TABLE OF CONTENTS
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
Confidentiality & Disclaimer Contents
The information contained in the following Marketing Brochure is proprietary and strictly PROPERTY INFORMATION 3
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 Executive Summary 4
Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified Complete Highlights 5
information to prospective purchasers, and to establish only a preliminary level of interest in the
Property Description 6
subject property.
Site Plan 7
The information contained herein is not a substitute for a thorough due diligence investigation. Floor Plan - Mercado Mall 8
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 Floor Plan - Fox Shops 9
performance of the property, the size and square footage of the property and improvements, the Floor Plans - Plaza Shops 10
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 Location Description 11
condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its LOCATION INFORMATION 12
occupancy of the subject property.
Regional Map 13
The information contained in this Marketing Brochure has been obtained from sources we Location Maps 14
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 Additional Photos 15
these matters and makes no warranty or representation whatsoever regarding the accuracy or Additional Photos 16
completeness of the information provided. All potential buyers must take appropriate measures 17
Additional Photos
to verify all of the information set forth herein.
FINANCIAL ANALYSIS 18
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or
lessee identified in this marketing package. The presence of any corporation’s logo or name is not
Financial Summary 19
intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation Income & Expenses 20
of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial Mercado Fox Plaza - Income & Expenses 21
listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee
information about this listing to prospective customers. Rent Roll 22
DEMOGRAPHICS 24
Demographics Report 25
Demographics Map 26
IABS 27
Back Page 28
2
Section 1 PROPERTY INFORMATION
PROPERTY INFORMATION | EXECUTIVE SUMMARY
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
OFFERING SUMMARY PROPERTY OVERVIEW
Sale Price: $22,225,000 Marcus & Millichap is pleased to offer the unique opportunity to acquire a diversified, multi-tenant regional retail center in El Paso,
Texas.
Cap Rate: 8.20%
DEMOGRAPHICS
NOI: $1,822,108 1 MILE 3 MILES 5 MILES
Total Households 6,202 27,049 66,392
Lot Size: +/- 18.7 Acres
Total Population 17,832 78,601 192,400
Building Size: 180,027 Daytime Population 12,984 57,592 131,309
Renovated: 1962
Price / SF: $123.45
4
PROPERTY INFORMATION | COMPLETE HIGHLIGHTS
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
SALE HIGHLIGHTS
• Diversified Asset with Income Derived from Over 180,000 Square Feet of Leasable
Area , a Long-Standing Outdoor Flea Market, and Various Kiosks
• The Offering Includes Fox Plaza Shopping Center (Anchored by Fallas Parades, DD's
Discounts, and Melrose), Mercado Mall, Fox Shops, Plaza Shops, and Mercado Fox
Plaza (Flea Market)
• More than 60 Percent of the Shopping Center has Credit Tenants
• Leases are a Mix of Triple Net and Gross
• Mercado Fox Plaza is One of the Largest Flea Markets in Southwest Texas and New
Mexico | Has Been in Place for 40 Years | Held Every Sunday of the Year | Consists of
300 Vendors and More Than 15,000 Shoppers Each Week | Family-Friendly Venue
Providing Entertainment, Shopping, Special Events, and Food Vendors
• Pad Sites in Front of the Property Include Burger King, Jack in the Box, and a New
Starbucks (Not a Part of the Offering)
• Signalized Hard Corner Location at the Intersection of Alameda Avenue and El Paisano
Drive (U.S. Highway 62) | Multiple Ingress and Egress Points
• Cumulative Traffic Counts are Over 35,000 Vehicles Per Day
• Interstate 10 is Less Than Two Miles North with Extremely High Traffic Counts of
211,000 Vehicles per Day
• Densely Populated Area with 192,400 Residents Within Five Miles of the Property
• One Mile from the Juarez Mexican Border | Part of the International Metropolitan
Area of El Paso, Texas- Las Cruces, New Mexico - Ciudad Juarez, Chihuahua, Mexico |
Region with More Than 2.7 Million People that Constitutes the Largest Bilingual, Bi-
national Workforce in the Western Hemisphere
5
PROPERTY INFORMATION | PROPERTY DESCRIPTION
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
PROPERTY OVERVIEW
Marcus & Millichap is pleased to offer the unique opportunity to acquire a diversified, multi-tenant, regional retail
center in El Paso, Texas. Originally constructed in 1962, the buildings are situated on approximately 18.7 acres. The
property totals 180,027 square feet of leasable area and consists of Fox Plaza Shopping Center, Mercado Mall, Fox
Shops, Plaza Shops, and Mercado - Fox Plaza (weekly Flea Market).
Approximately 164,918 square feet of the center consists of a multi-tenant portion (Fox Plaza Shopping Center)
anchored by Fallas Parades, DD’s Discounts, and Melrose. Other major tenants include Family Dollar, Candy’s Party
Supplies, Davita Dialysis, Rent-A-Center, Audio Express, Big Boy Restaurant, and Dr. Gabriel Meraz, DDS. The
tenants are a mix of triple net and gross leases with staggered expiration dates. Additional income is also derived
from an ATM machine and several kiosks.
Mercado Mall offers over 50 shops that have a variety of items for purchase, including tools, jewelry, CD’s, apparel,
collectibles, party supplies, and video games, along with funeral service arrangements. Tenants and rents
vary from month-to-month.
Fox Shops are an inside mini-mall located next to Rent-A-Center. With over 21 specialty shops to choose from,
you will find a variety of quality merchandise such as cellphone accessories, clothing, computers and repair,
event planning, furniture, religious items, vitamins, western-wear and more. Tenants and rents vary from
month-to-month.
Plaza Shops are an inside mini-mall located near Rent-A-Center. With 30 specialty shops to choose from,
shoppers will find a variety of quality merchandise such as cellphone accessories, children’s furniture, clothing,
photography, sports apparel, and much more. Tenants and rents vary from month-to-month.
Fox Plaza Shopping Center is also home to the largest and greatest Sunday Flea Market in Great Southwest Texas
and all of New Mexico. Held on more than four acres, this giant Flea Market (Mercado-Fox Plaza) offers a large
variety of merchandise ranging from clothing, home décor, tools, toys, great food, special events and more. With
300 vendors and over 15,000 shoppers, the Mercado is a family oriented event providing entertainment, shopping,
and food. The Mercado site is paved with clearly marked spaces and has permanent bathroom facilities. This El
Paso tradition is held every Sunday from 8:00 am to 4:00 pm.
6
PROPERTY INFORMATION | SITE PLAN
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
7
PROPERTY INFORMATION | FLOOR PLANS
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
MERCADO MALL
1
Offering over 50 shops
8
PROPERTY INFORMATION | FLOOR PLANS
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
FOX SHOPS
2
21 specialty shops inside a mini-mall
9
PROPERTY INFORMATION | FLOOR PLANS
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
PLAZA SHOPS
3
30 specialty shops inside a mini-mall
10PROPERTY INFORMATION | LOCATION DESCRIPTION
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
LOCATION OVERVIEW
The subject property is located at the signalized hard corner of Alameda Avenue and El Paisano Drive (U.S. Highway 62) with multiple ingress and egress points. Cumulative traffic counts
are over 35,000 vehicles per day. Interstate 10 is approximately two miles north of the property and is heavily trafficked with 211,000 vehicles per day. Pad sites include Burger King, Jack in
the Box, and Starbucks (not a part of the offering). Additional national and regional tenants in the surrounding area include Food City Supermarkets, Food King, Dollar Tree, 7-Eleven, Metro
PCS, McDonald’s, O’Reilly Auto Parts, Family Dollar, and Subway. Texas Tech Health Science Center, University Medical Center of El Paso, El Paso Children’s Hospital, and the El Paso Zoo
are also within two miles. The densely populated region has 192,400 residents within five miles of the property.
The city of El Paso is the county seat of El Paso County, situated in the far western corner of the state of Texas. El Paso stands on the Rio Grande river across the border from Ciudad Juárez,
Chihuahua, Mexico. The two cities, along with Las Cruces (in the neighboring state of New Mexico), form a combined international metropolitan area. The region of over 2.7 million people
constitutes the largest bilingual, binational work force in the western hemisphere.
El Paso has a strong federal and military presence. William Beaumont Army Medical Center, Biggs Army Airfield, and Fort Bliss call the city home. Fort Bliss is one of the largest military
complexes of the United States Army and the largest training area in the United States. Also headquartered in El Paso are the DEA domestic field division 7, El Paso Intelligence Center, Joint
Task Force North, U.S. Border Patrol El Paso Sector, and U.S. Border Patrol Special Operations Group (SOG).
11Section 2 LOCATION INFORMATION
LOCATION INFORMATION | REGIONAL MAP
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
Fox Plaza Shopping Center
13LOCATION INFORMATION | LOCAL MAP
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
14LOCATION INFORMATION | RETAILER MAP
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
15LOCATION INFORMATION | AERIAL PHOTO
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
16LOCATION INFORMATION | AERIAL PHOTO
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
17Section 3 FINANCIAL ANALYSIS
FINANCIAL ANALYSIS | FINANCIAL SUMMARY
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
INVESTMENT OVERVIEW CURRENT
Price $22,225,000
Price per SF $123.45
CAP Rate 8.20%
Total Return (yr 1) $1,822,108
OPERATING DATA CURRENT
Gross Scheduled Income $2,769,023
Vacancy Cost (2.5%) $69,225
Gross Income $2,699,797
Operating Expenses $877,689
Net Operating Income $1,822,108
FINANCING DATA CURRENT
Down Payment $22,225,000
Loan Type All Cash
19FINANCIAL ANALYSIS | INCOME & EXPENSES
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
INCOME SUMMARY CURRENT PER SF
Base Rent - Fox Plaza Shopping Center $1,911,029 $10.62
Expense Reimbursements - Fox Plaza Shopping Center $601,704 $3.34
*Mercado Fox Plaza - NOI $256,290 $1.42
Gross Income $2,769,023 $15.38
EXPENSE SUMMARY CURRENT PER SF
Real Estate Taxes $310,835 $1.73
Insurance $48,122 $0.27
Utilities $99,163 $0.55
Landscaping $2,286 $0.01
Contract Cleaning $35,045 $0.19
Patrol & Monitoring Services $19,518 $0.11
Common Area Maintenance $232,414 $1.29
Waste Removal $7,679 $0.04
Property Tax Consultant $3,000 $0.02
Telephone/Internet $9,115 $0.05
Rent - Office $6,760 $0.04
Legal Fees/Accounting Fees $25,752 $0.14
Management Fees $78,000 $0.43
Gross Expenses $877,689 $4.88
Vacancy Allowance $69,226 $0.38
Net Operating Income $1,822,108 $10.12
*See complete Profit & Loss Statement for Mercado Fox Plaza LLC (Mercado Flea Market) on Page 21.
20)# # N' + )#( )' 1* (, , 5;!2+=+#056614/.49.7 ! & "% $#
FINANCIAL ANALYSIS | RENT ROLL
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
TENANT UNIT UNIT % OF LEASE LEASE ANNUAL ESC PRICE LEASE
NAME NUMBER SIZE (SF) GLA START END RENT DATE PER YEAR TYPE OPTION
Fallas Parades 1 35,000 19.44 10/01/2006 9/30/2021 $200,550 $5.73 NNN (2) 5-Yr
Mercado Mall (1) 2 5,644 3.14 Varies Varies $131,100 $23.23 None
Citi Shoes 3 3,675 2.04 6/26/2009 7/31/2018 $29,680 $8.08 NNN None
Jewelry Box 4 3,215 1.79 9/01/2016 12/31/2019 $27,778 $8.64 NNN (2) 5-Yr
Tool Dozer 5 3,000 1.67 8/01/2007 4/30/2019 $23,857 $7.95 NNN (1) 2-Yr
Audio Express 6&7 4,450 2.47 9/15/2017 9/30/2022 $57,850 $13.00 NNN (2) 3-Yr
Global Wireless 8 775 0.43 9/01/2008 7/31/2018 $12,956 $16.72 NNN (1) 2-Yr
Family Dollar 9A 13,120 7.29 1/01/1996 12/30/2020 $114,800 $8.75 NNN (2) 5-Yr
Rent-A-Center 9B 6,180 3.43 7/01/2004 12/31/2019 $74,824 $12.11 NNN (1) 5-Yr
1/1/2019 $12.47
Fox Party Room 9C 2,400 1.33 7/15/2014 7/31/2019 $21,600 $9.00 Gross (2) 2-Yr
Fox Shops (2) 10 6,765 3.76 Varies Varies $104,640 $15.47 Gross None
Plaza Shops (3) 11 2,700 1.5 Varies Varies $43,955 $16.28 Gross None
Senior Care Health Plans 12A 1,200 0.67 10/15/2015 10/31/2019 $16,550 $13.79 NNN (2) 2-Yr
Fox Plaza Smoke Shop 12B 1,000 0.56 1/31/2014 4/30/2021 $13,266 $13.27 NNN (1) 5-Yr
Big Boy Restaurant 13&14 3,280 1.82 9/01/1997 8/31/2022 $60,659 $18.49 NNN None
Fox Plaza Barber 15 930 0.52 4/01/1995 6/30/2018 $10,708 $11.51 NNN None
Uno Mas Liquors 16 1,230 0.68 4/26/2017 6/30/2020 $16,162 $13.14 NNN (2) 3-Yr
NutriSmoothies & Salads 17 1,306 0.73 10/05/2016 9/30/2019 $14,627 $11.20 NNN (2) 3-Yr
Charly's Mexican Restaurant 18 1,300 0.72 6/01/1995 10/31/2019 $20,773 $15.98 NNN (1) 3-Yr
Fox Vision 19A 1,325 0.74 4/01/1995 6/30/2018 $17,938 $13.54 NNN None
Cuts on Time 19B 1,245 0.69 8/01/2012 7/31/2018 $19,030 $15.29 NNN
RKT Managment Inc. 20A 1,460 0.81 5/17/2013 5/31/2018 $20,740 $14.21 NNN None
(1), (2), and (3): Space includes multiple tenants. Annual Rent indicates average rent per month for the quarter
22FINANCIAL ANALYSIS | RENT ROLL
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
TENANT UNIT UNIT % OF LEASE LEASE ANNUAL ESC PRICE LEASE
NAME NUMBER SIZE (SF) GLA START END RENT DATE PER YEAR TYPE OPTION
EP Texas Trucking School 20B 1,178 0.65 9/01/2017 8/31/2019 $15,793 $13.41 NNN (2) 2-Yr
Martha Mena (Storage) 20C 1,500 0.83 11/13/2014 11/30/2018 $7,620 $5.08 Gross
Las Palmas Teen Center 21 3,104 1.72 12/01/2012 11/30/2018 $27,943 $9.00 NNN
Mercado / Fox Plaza Office 22 1,946 1.08 4/01/2012 3/30/2022 $29,100 $14.95 NNN (2) 5-Yr
Candy's Party Supplies 23A 8,000 4.44 4/01/2010 3/31/2020 $60,659 $7.58 NNN (1) 5-Yr
Dr. Gabriel Meraz, DDS, PA 23B 7,500 4.17 TBD 10 Years $56,250 $7.50 NNN (2) 5-Yr
DD's Discount 24A 24,658 13.7 9/01/2016 2/01/2026 $158,798 $6.44 NNN
Off Leash K9 Training 24B 500 0.28 12/01/2017 7/31/2018 $5,700 $11.40 Gross
Pablo Luna / Zumba 24C 500 0.28 7/01/2014 3/31/2019 $4,620 $9.24 Gross
University Medical Center 25A 2,975 1.65 4/01/2016 12/31/2018 $42,024 $14.13 Gross
Cricket Wireless 25B 2,975 1.65 11/25/2005 3/31/2021 $43,584 $14.65 NNN (1) 5-Yr
Melrose 26A 14,724 8.18 6/01/2011 12/31/2021 $138,000 $9.37 Gross (3) 5-Yr
Davita Dialysis (4) 26B 8,037 4.46 10/15/2010 5/31/2021 $76,352 $9.50 NNN
Mercado Restrooms 1,230 0.68 12/01/2012 11/30/2022 $30,000 $24.39 Gross (2) 5-Yr
Mercado Fox Plaza ES-1 12/01/1996 11/30/2021 $46,204 Gross
Mercado Fox Plaza ES-2 12/01/1996 11/30/2021 $93,809 Gross
Watermill Express KIOSK 4/01/1995 6/30/2020 $6,300 Gross
Speedy Bucks (5) ATM 2/15/2005 8/31/2021 $3,192 Gross
Mr. Sapian Fruit / Produce KIOSK 9/01/2013 2/28/2018 $3,000 Gross
Tropical Snow (Seasonal) KIOSK 1/01/2014 3/31/2018 $3,000 Gross
Jennifer Tovar Corn KIOSK 3/01/2016 1/31/2019 $2,260 Gross
Shoe Shine KIOSK 6/01/2014 4/30/2018 $2,760 Gross
Totals/Averages 180,027 $1,911,029 $9.72
(4) : Per the Rent Credit Clause, Tenant pays net rent of $6,362.63 per month, which includes $3.00 per square foot credit for TI through June 2021.
(5): Annual Rent indicates average rent per month for quarter.
23Section 4 DEMOGRAPHICS
DEMOGRAPHICS | DEMOGRAPHICS REPORT
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
1 MILE 3 MILES 5 MILES
Total population 17,832 78,601 192,400
Median age 36.9 35.0 34.9
Median age (male) 31.1 32.4 32.8
Median age (female) 39.7 36.8 36.4
Total households 6,202 27,049 66,392
Total persons per HH 3.0 3.1 3.0
Average HH income $32,220 $37,208 $42,380
Average house value $73,334 $77,512 $95,561
Total Population - White 13,258 65,216 149,852
% White 74.3% 83.0% 77.9%
Total Population - Black 52 1,272 4,827
% Black 0.3% 1.6% 2.5%
Total Population - Asian 17 395 1,673
% Asian 0.1% 0.5% 0.9%
Total Population - Hawaiian 0 11 42
% Hawaiian 0.0% 0.0% 0.0%
Total Population - American Indian 50 282 902
% American Indian 0.3% 0.4% 0.5%
Total Population - Other 1,966 9,248 23,045
% Other 11.0% 11.8% 12.0%
Total Population - Hispanic 15,096 69,970 156,364
% Hispanic 84.7% 89.0% 81.3%
* Demographic data derived from 2010 US Census
25DEMOGRAPHICS | DEMOGRAPHICS MAP
Fox Plaza Shopping Center
5511-5559 Alameda Avenue, El Paso, TX 79905
POPULATION 1 MILE 3 MILES 5 MILES
Total population 17,832 78,601 192,400
Median age 36.9 35.0 34.9
Median age (male) 31.1 32.4 32.8
Median age (Female) 39.7 36.8 36.4
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 6,202 27,049 66,392
# of persons per HH 3.0 3.1 3.0
Average HH income $32,220 $37,208 $42,380
Average house value $73,334 $77,512 $95,561
ETHNICITY (%) 1 MILE 3 MILES 5 MILES
Hispanic 84.7% 89.0% 81.3%
RACE (%)
White 74.3% 83.0% 77.9%
Black 0.3% 1.6% 2.5%
Asian 0.1% 0.5% 0.9%
Hawaiian 0.0% 0.0% 0.0%
American Indian 0.3% 0.4% 0.5%
Other 11.0% 11.8% 12.0%
* Demographic data derived from 2010 US Census
26INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. 11-2-2015
TYPES OF REAL ESTATE LICENSE HOLDERS:
• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
• Put the interests of the client above all others, including the broker’s own interests;
• Inform the client of any material information about the property or transaction received by the broker;
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property
management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known
by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent
must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed
to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written
agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:
• Must treat all parties to the transaction impartially and fairly;
• May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to,
and carry out the instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:
that the owner will accept a price less than the written asking price;
that the buyer/tenant will pay a price greater than the price submitted in a written offer; and
any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent
the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please
acknowledge receipt of this notice below and retain a copy for your records.
Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/Associate License No. Email Phone
Sales Agent/Associate’s Name License No. Email Phone
Buyer/Tenant/Seller/Landlord Initials Date
Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov
IABS 1-0PHILIP LEVY Senior Managing Director Investments Dallas Office 972.755.5225 Office 817.380.1153 Fax plevy@marcusmillichap.com LICENSE: TX 0522087 5001 Spring Valley Road Dallas, TX 75244
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