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The Reserve at Greens Crossing II 11410 Greens Crossing Blvd

79,000 SF Light Industrial Building Houston, TX 77067 £6,181,355 (£78/SF) 7.21% Net Initial Yield

Investment Highlights

  • The Reserve at Greens Crossing II is a 79,000-square-foot flex facility located at 11410 Greens Crossing Boulevard in North Houston.
  • Broad access throughout the metro, 12 minutes to Houston Airport, 16 minutes to The Woodlands, 18 minutes to Downtown Houston, and 35 minutes to Katy.
  • Featuring a new remodel, a 2-year-old roof, tilt-wall construction, a backup generator, heavy power, and high-end office space.
  • Prime access at Interstate 45 and Beltway 8, surrounded by top-tier tenants like Coca-Cola, Amazon, Sysco, and Homeland Security.

Executive Summary

The Reserve at Greens Crossing II, located at 11410 Greens Crossing Boulevard, is a 79,000-square-foot, tilt-wall construction flex building. It has a 2-year-old roof and has recently been remodeled. This versatile asset can be used for a number of purposes, broadening future leasing opportunities. Its high-quality office space is perfect for hosting administrative functions with modern features like glass-walled conference rooms, training rooms, break areas, and open floors for workstations. Its heavy power and backup generator allow for intensive uses like research and development, light manufacturing, and data hosting.

Strategically positioned at the intersection of Interstate 45 and Beltway 8, 11410 Greens Crossing Boulevard is one of the most connected addresses in North Houston. Drivers can seamlessly transport or commute to inner-city and greater metro destinations. This is why many high-profile tenants, from office to industrial, choose this area. Significant operations from the likes of Coca-Cola, Sysco, Amazon, BNSF Logistics, AT&T, Cogent Communications, and Homeland Security are within a 2-mile radius.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £6,181,355
Price Per SF £78
Sale Type Investment or Owner User
Net Initial Yield 7.21%
Property Type Light Industrial
Property Subtype
Light Manufacturing
  • Industrial Warehouse
  • Light Industrial Light Distribution
Building Class C
Lot Size 15.64 AC
Rentable Building Area 79,000 SF
Number of Floors 1
Year Built 2005
Parking Ratio 3.16/1,000 SF
Clear Ceiling Height 18 ft

Amenities

  • 24 Hour Access
  • Bio-Tech/ Lab Space
  • Bus Route
  • Conferencing Facility
  • Courtyard
  • Security System
  • Signage
  • Reception
  • Recessed Lighting
  • Monument Signage
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Water - City
  • Sewer - City
  • Heating - Electric

About North Fwy/Tomball Pky

This northwest area of Houston is ideally located for an array of space uses. From a warehouse and distribution perspective, it is directly accessible to Grand Parkway 99, U.S. 249, and Interstate 45, all major arteries that can connect distributors with the growing population in Northwest Houston. And both office and industrial clients find the area well-positioned to draw from a robust talent pool nearby.

As one of the largest and fastest-growing metropolitan areas in the country, the industrial tenant base is diverse. Companies like Amazon, Emser Tile, HD Supply Holdings, and Baker Hughes have a major presence here. The region has been one of the main beneficiaries of outward population growth in Houston over the past decade. Industrial developers have taken notice and continue to add space. In 2020, Coca-Cola completed a 1 million-square-foot build-to-suit manufacturing and distribution facility in Pinto Business Park, becoming the largest tenant in the area.

Due to its mix of inventory, industrial owners in this part of Houston span from large institutional investors to local or regional owner/users. National and institutional firms often target modern distribution centers, while local investment firms and owner/users are typically active in purchasing smaller and midsized manufacturing and warehouse properties.

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Houston
2,325,502
8
0 h 15 m
Austin
964,254
155
3 h 8 m
San Antonio
1,532,233
207
3 h 46 m
Dallas
1,345,047
236
4 h 10 m
Fort Worth
895,008
252
4 h 35 m
Memphis
650,618
573
10 h 35 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
1,068,900
Total Labor Force
538,014
Unemployment Rate
4.02%
Median Household Income
$55,065
Warehouse Employees
90,978
High School Education Or Higher
78.40%
$ values in USD

Nearby Amenities

Restaurants

Mr G's Pizza Pizza - 5 min walk
Burger King - - 9 min walk
Subway - - 9 min walk
Church's Chicken - - 12 min walk
Indian Grill Grill £ 15 min walk
IHOP - - 15 min walk

Retail

Family Dollar Dollar/Variety/Thrift 5 min walk
Rainbow Apparel Ladies' Apparel 9 min walk
Chase Bank Bank 9 min walk
Dollar General Dollar/Variety/Thrift 9 min walk
Burlington Dept Store 12 min walk
Lowe’s Home Improvement 16 min walk

Hotels

Hilton
480 rooms
4 min drive
Holiday Inn Express
90 rooms
5 min drive
Marriott
390 rooms
5 min drive
Baymont
81 rooms
7 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1152140000003
Land Assessment
£5,330,597
Improvements Assessment
£4,935,560
Total Assessment
£10,266,157

zoning

Zoning Code C-2 (Commercial)
C-2 (Commercial)

About the Architect

Read More
  • Listing ID: 33627186

  • Date on Market: 24/10/2024

  • Last Updated:

  • Address: 11410 Greens Crossing Blvd, Houston, TX 77067

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