Once-In-a-Lifetime Opportunity For An Owner/Occupier at CityNorth


HOUSTON–()–Trying to relocate your headquarters or consolidate operations? within the quick and long-term monetary/tax advantages of buying property in an Alternative Zone? Then look no additional than CityNorth 1 – a key anchor of the Class A CityNorth company campus in North Houston. This LEED Silver Licensed workplace constructing affords 253,562 SF and is now on the market for $25,352,600 – that’s simply $100 per SF.

“In the event you needed to assemble a brand new constructing of this measurement and with its options from the ground-up, you’d be a substitute value of $300 – $350 per sq. foot,” says Keith Lloyd of Marcus & Millichap, who’s advertising and marketing the property. “It’s an unbeatable worth in right this moment’s market.”

CityNorth 1 affords the most recent in communications know-how and connectivity, with 24 Strand, high-speed fiber strains with a direct connection to the I-45 trunk line, the most important and quickest within the state. Energy is twin fed from CenterPoint (Circuits 41 & 43). The vacant, energy-efficient constructing is now prepared for an proprietor/operator’s design and buildout.

“CityNorth 1 has nice bones and lots of potential to alter out finishes and do upgrades,” provides Lloyd. “With companies returning to workplace areas, this can be a uncommon alternative to create the atmosphere that fits your workers best.”

An Funding in Properly-Being

The CityNorth campus is each spacious and safe, with 2.1 MM sq. ft of workplace and retail area unfold amongst 36 acres of landscaped grounds. CityNorth 1 has entry to:

  • 24/7 manned safety officers protecting your entire campus. All garages are gated card entry management, and all buildings have card entry management
  • Newly designed outdoor areas embody almost 80,000 sq. ft of ground-level retail, together with eight eating places and a Starbucks
  • Amenity-rich 10,000 sq. foot Convention Middle with versatile assembly room sizes and Wi-Fi
  • 7,000 sq. foot Health Middle with free weights, cardio machines, absolutely stocked locker rooms and towel service; basketball and racquetball courts
  • Tenant lounge that features a placing inexperienced, three golf simulators, a pool table, huge display screen TVs, a ping pong table and an space for entertaining

The Most Handy Location

Strategically positioned close to the crossroads of I-45 North and Beltway eight North, CityNorth is simply minutes from George Bush IAH Airport, downtown Houston, The Galleria or The Woodlands. The proximity to main freeways in 4 instructions offers workers a brief commute.

For full itemizing info, please go to https://www.marcusmillichap.com/properties/58637/citynorth-1.

About CityNorth

CityNorth is the dynamic, accessible deal with for an Proprietor/Occupier wanting a premier company campus atmosphere in North Houston. CityNorth is owned, managed and leased by Lincoln Property Firm. Lincoln Property Firm, established in 1965, is likely one of the most revered and diversified service corporations in america, with a rising shopper base that reaches coast-to-coast, in addition to into Mexico and Europe. Go to www.lpchouston.com for extra info.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 funding gross sales and financing professionals positioned all through america and Canada, Marcus & Millichap is a number one specialist in business actual property funding gross sales, financing, analysis and advisory providers. Based in 1971, the agency closed eight,954 transactions in 2020 with a worth of roughly $43 billion. Marcus & Millichap has perfected a strong system for advertising and marketing properties that mixes funding specialization, native market experience, the business’s most complete analysis, state-of-the-art know-how, and relationships with the most important pool of certified traders.

To be taught extra, please go to www.MarcusMillichap.com.