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785 Greens Parkway 785 Greens Pky 124,480 SF 100% Leased Office Building Houston, TX 77067 For Sale
Investment Highlights
- Currently vacant building that can quickly be developed into a +/- 4 MW data center and can expand to +/-20 MW, with significantly reduced lead times
- Existing power infrastructure and building systems significantly reduce capital expenditure versus new development
- Well-suited for a variety of high-value alternative uses including a corporate campus, call center, or other commercial applications
Executive Summary
?Currently vacant building that can quickly be developed into a +/- 4 MW data center and can expand to +/-20 MW, with significantly reduced lead times compared to ground-up construction.
?Well-suited for a variety of high-value alternative uses including a corporate campus, call center, or other commercial applications, offering investors multiple exit and leasing strategies.
?Existing power infrastructure and building systems significantly reduce capital expenditure versus new development, accelerating the path to stabilized returns.
?Opportunity to acquire a vacant asset at a discount to replacement cost and unlock value through conversion into a high-demand use.
?Well-suited for a variety of high-value alternative uses including a corporate campus, call center, or other commercial applications, offering investors multiple exit and leasing strategies.
?Existing power infrastructure and building systems significantly reduce capital expenditure versus new development, accelerating the path to stabilized returns.
?Opportunity to acquire a vacant asset at a discount to replacement cost and unlock value through conversion into a high-demand use.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
124,480 SF
Building Class
B
Year Built
2002
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
62,240 SF
Slab To Slab
11’
Building FAR
0.29
Lot Size
10.01 AC
Zoning
None
Parking
970 Spaces (7.79 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Property Manager on Site
- Security System
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1217190010001 | Improvements Assessment | $1,734,312 |
| Land Assessment | $2,615,688 | Total Assessment | $4,350,000 |
Property Taxes
Parcel Number
1217190010001
Land Assessment
$2,615,688
Improvements Assessment
$1,734,312
Total Assessment
$4,350,000
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