Value-Add Class-A Office Tower & Garage
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Value-Add Class-A Office Tower & Garage
2 Properties Online Auction Sale Houston, TX
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Investment Highlights
- CityNorth 6 offers a versatile investment with a vacant 356,469 SF class-A office tower and 518,676 SF adjacent parking garage in Greenspoint Plaza.
- The property is highly energy efficient, with wall-to-wall double pane windows, earning LEED Gold Certification.
- Access to top-quality on-campus amenities, including a one-of-a-kind tenant lounge, an updated fitness facility, and numerous restaurants.
- Easily accessible from I-25 and Beltway 8, just 20 minutes from Downtown Houston and 15 minutes from the George Bush Intercontinental Airport.
Executive Summary
Colliers is pleased to exclusively present the opportunity to acquire the 100% fee simple interest in 12450 Greenspoint Drive, CityNorth 6. This stunning Class A suburban office tower provides a running start to investors looking to break into the Greenspoint commercial hub in North Houston, Texas. Delivered vacant, a significant upside exists for a value-add investor to stabilize the property and capture elevated office rents, up 1.5% annually.
CityNorth 6 is a versatile commercial office investment with numerous modern features and amenities. The 14-story tower, which totals 356,469 square feet, was built in 1987 on a spacious 2.11-acre lot. The offer also includes an adjacent parking garage, providing abundant covered parking to tenants of the property, while the surrounding professional landscaping creates a lush, park-like atmosphere. The garage also comes with an easement of use for neighboring offices at CityNorth 5, providing an in-place income stream. Businesses will enjoy the building’s secure controlled access and shared conference spaces, while employees will love the on-site fitness center and one-of-a-kind tenant lounge. The upscale interiors are defined by a flexible mix of private and collaborative spaces across 19,000-square-foot floor plates with wall-to-wall double-pane windows. The property also includes a basement level and a beautiful penthouse suite, easily reached by the eight high-speed passenger elevators. Highly energy efficient, the building has received LEED Gold certification.
The best-in-class amenities at CityNorth 6 include a tenant-shared conference facility, a high-performance fitness center, and a well-equipped tenant lounge with a Full Swing golf simulator, a putting green, ping pong, pool tables, and a coffee bar. The property is equipped with a split-level parking garage that includes both covered and reserved parking options, providing ample spaces and reducing commute times.
Located just off the intersection of Interstate 45 and Highway 8, the property is easily accessible and facilitates quick and easy commutes. Further distance travel is supported by the George Bush Intercontinental Airport, reachable in just 15 minutes. Downtown Houston is 20 minutes away, providing opportunities for world-class entertainment, sports, and nightlife.
The area’s exceptional connectivity and surrounding amenities have attracted numerous desirable residential communities near CityNorth, including Kingwood, Champions, and the Woodlands. Within 5 miles of 12450 Greenspoint Drive, the population of more than 255,000 has grown by over 11% since 2010, delivering a stable workforce to new businesses.
Contact the Colliers team today to learn more about this Class-A office tower with a top-tier location at 12450 Greenspoint Drive, CityNorth 6.
Explore other exciting opportunities with the auctions of CityNorth 5 and CityNorth 1:
CityNorth 1: https://www.ten-x.com/listing/address/33565445
CityNorth 5: https://www.ten-x.com/listing/address/32628340
CityNorth 6 is a versatile commercial office investment with numerous modern features and amenities. The 14-story tower, which totals 356,469 square feet, was built in 1987 on a spacious 2.11-acre lot. The offer also includes an adjacent parking garage, providing abundant covered parking to tenants of the property, while the surrounding professional landscaping creates a lush, park-like atmosphere. The garage also comes with an easement of use for neighboring offices at CityNorth 5, providing an in-place income stream. Businesses will enjoy the building’s secure controlled access and shared conference spaces, while employees will love the on-site fitness center and one-of-a-kind tenant lounge. The upscale interiors are defined by a flexible mix of private and collaborative spaces across 19,000-square-foot floor plates with wall-to-wall double-pane windows. The property also includes a basement level and a beautiful penthouse suite, easily reached by the eight high-speed passenger elevators. Highly energy efficient, the building has received LEED Gold certification.
The best-in-class amenities at CityNorth 6 include a tenant-shared conference facility, a high-performance fitness center, and a well-equipped tenant lounge with a Full Swing golf simulator, a putting green, ping pong, pool tables, and a coffee bar. The property is equipped with a split-level parking garage that includes both covered and reserved parking options, providing ample spaces and reducing commute times.
Located just off the intersection of Interstate 45 and Highway 8, the property is easily accessible and facilitates quick and easy commutes. Further distance travel is supported by the George Bush Intercontinental Airport, reachable in just 15 minutes. Downtown Houston is 20 minutes away, providing opportunities for world-class entertainment, sports, and nightlife.
The area’s exceptional connectivity and surrounding amenities have attracted numerous desirable residential communities near CityNorth, including Kingwood, Champions, and the Woodlands. Within 5 miles of 12450 Greenspoint Drive, the population of more than 255,000 has grown by over 11% since 2010, delivering a stable workforce to new businesses.
Contact the Colliers team today to learn more about this Class-A office tower with a top-tier location at 12450 Greenspoint Drive, CityNorth 6.
Explore other exciting opportunities with the auctions of CityNorth 5 and CityNorth 1:
CityNorth 1: https://www.ten-x.com/listing/address/33565445
CityNorth 5: https://www.ten-x.com/listing/address/32628340
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Property Facts
| Sale Conditions | Auction Sale | Number of Properties | 2 |
| Sale Type | Investment | Total Building Size | 875,144 SF |
| Status | Active | Total Land Area | 4.57 AC |
| Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 875,144 SF |
| Total Land Area | 4.57 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
CityNorth 5&6 Garage
12450 Greenspoint Dr, Houston, TX 77060 |
Specialty | 518,676 SF | 1986 |
|
CityNorth 6
12450 Greenspoint Dr, Houston, TX 77060 |
Office | 356,468 SF | 1987 |
Sale Advisor
Sale Advisor
David Carter, Principal & Director
(713) 830-2135
Contact
David Carter, Principal, Director and sits on the Governance Council. Titans Award recipient for top revenue producer and Everest Award recipient for top production across the enterprise. Carter specializes in the areas of brokerage and investment sales of office, flex and industrial buildings. Carter has successfully represented an extensive client base in dispositions, sale leaseback, build to suit, joint ventures, partnership structure, acquisitions and development.
Expertise, knowledge and commitment to clients are Carter’s skill set that allow his clients to make critical decisions with the right information, delivering valuable real estate solutions to grow their business.
Carter has consistently been recognized as a Houston top producer in commercial real estate since 1997 and has earned the professional designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtors (SIOR), President in 2009.
He is a member of NAIOP and licensed real estate broker in the State of Texas, holds a Bachelor of Business Administration degree specializing in Finance from Sam Houston State University and is a member of Sigma Chi Fraternity.
Expertise, knowledge and commitment to clients are Carter’s skill set that allow his clients to make critical decisions with the right information, delivering valuable real estate solutions to grow their business.
Carter has consistently been recognized as a Houston top producer in commercial real estate since 1997 and has earned the professional designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtors (SIOR), President in 2009.
He is a member of NAIOP and licensed real estate broker in the State of Texas, holds a Bachelor of Business Administration degree specializing in Finance from Sam Houston State University and is a member of Sigma Chi Fraternity.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Derek Rudd
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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