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17001 Northchase Dr
Houston, TX 77060
CityNorth 5 · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Strategic Location: Positioned off I-45 and the Central Intersection of Beltway 8.
- Economic Incentives: Potential access to economic development incentives aimed at revitalizing the area and attracting new businesses.
- Recent renovations have enhanced the building’s façade, outdoor areas, and lobby, including the addition of a highly amenitized tenant lounge.
- Modern Amenities: The property features amenities including a fitness center, conference rooms, and advanced security systems.
- The property is 15 minutes from George Bush Intercontinental Airport, Downtown Houston and desirable residential neighborhoods.
- With the current focus on rebranding and redevelopment within the North Houston District, there are substantial opportunities to attract new tenants.
EXECUTIVE SUMMARY
Colliers is pleased to present the exclusive opportunity to acquire CityNorth 5, a class A office building located at 17001 Northchase Drive in Houston, TX (the “Property”). The property was built in 1992 and is situated on 2.81 acres in the North Houston District and features 461,185 square feet of sophisticated office space distributed across nineteen (19) floors. In 2014 the building was awarded LEED certification at the Gold level.
CityNorth 5 offers comprehensive on-site facilities such as a tenant shared conference facility and fitness center, a security system with 24/7 monitoring and controlled building access. The highly amenitized property was originally developed for Anadarko Petroleum (now Occidental Petroleum).
CityNorth 5 offers comprehensive on-site facilities such as a tenant shared conference facility and fitness center, a security system with 24/7 monitoring and controlled building access. The highly amenitized property was originally developed for Anadarko Petroleum (now Occidental Petroleum).
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
461,185 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1992
Percent Leased
11%
Tenancy
Multiple
Building Height
19 Stories
Typical Floor Size
24,273 SF
Slab To Slab
10’
Building FAR
3.77
Lot Size
2.81 AC
Opportunity Zone
Yes
AMENITIES
- Banking
- Controlled Access
- Conferencing Facility
- Dry Cleaner
- Fitness Center
- Food Service
- Property Manager on Site
- Restaurant
- Security System
PROPERTY TAXES
| Parcel Number | 1121140000001 | Improvements Assessment | $12,520,016 CAD |
| Land Assessment | $1,263,841 CAD | Total Assessment | $13,783,857 CAD |
PROPERTY TAXES
Parcel Number
1121140000001
Land Assessment
$1,263,841 CAD
Improvements Assessment
$12,520,016 CAD
Total Assessment
$13,783,857 CAD
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