David H. LutherExecutive Vice President Investment Sales
Jeff HayesManaging PartnerLand & Tenant Advisory Services
Morgan Hansen Senior AssociateInvestment Sales
Kelley WorkmanVice PresidentInvestment Sales
OFFERING MEMORANDUMSEISMIC EXCHANGE CAMPUS11050 CAPITAL PARK DRIVE | HOUSTON, TX 77041
4805 WESTWAY PARK BOULEVARD | HOUSTON, TX 77041
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only buy the party receiving it from NewQuest Properties and should not be made available to any other person or entity without the written consent of NewQuest Properties. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NewQuest Properties has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size square footage of the property and improvements, presence or absence of contaminating substances, PCB‘s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenants plans or intentions to continue it’s occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, NewQuest Properties has not verified, and will not verify, any of the information contained herein, nor has NewQuest Properties conducted any investigation regarding these matters and makes no warrantee or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all the information set forth herein. NewQuest Properties is a service mark of NewQuest Properties Real Estate Investment Services, Inc. © 2018 NewQuest Properties. All rights reserved.
THE TEXAS REAL ESTATE COMMISSION (TREC) REGULATES REAL ESTATE BROKERS AND SALES AGENTS, REAL ESTATE INSPECTORS,HOME WARRANTY COMPANIES, EASEMENT AND RIGHT-OF-WAY AGENTS AND TIMESHARE INTEREST PROVIDERS. YOU CAN FIND MORE INFORMATION AND CHECK THE STATUS OF A LICENSE HOLDER AT WWW.TREC.TEXAS.GOV. YOU CAN SEND A COMPLAINT AGAINST A LICENSE HOLDER TO TREC. A COMPLAINT FORM IS AVAILABLE ON THE TREC WEBSITE. TREC ADMINISTERS TWO RECOVERY FUNDS WHICH MAY BE USED TO SATISFY A CIVIL COURT JUDGMENT AGAINST A BROKER, SALES AGENT, REAL ESTATE INSPECTOR, OR EASEMENT OR RIGHT-OF-WAY AGENT, IF CERTAIN REQUIREMENTS ARE MET. IF YOU HAVE QUESTIONS OR ISSUES ABOUT THE ACTIVITIES OF A LICENSE HOLDER, THE COMPLAINT PROCESS OR THE RECOVERY FUNDS, PLEASE VISIT THE WEBSITE OR CONTACT TREC AT:
TEXAS REAL ESTATE COMMISSIONP.O. BOX 12188 AUSTIN, TEXAS 78711-2188 512.936.3000
NON-ENDORSEMENT NOTICE
NewQuest Properties is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of NewQuest Properties, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of NewQuest Properties, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR NEWQUEST PROPERTIES AGENT FOR MORE DETAILS.
NON-ENDORSEMENT AND DISCLAIMER NOTICE
WHAT MAKES NQ DIFFERENT
LEASING
TENANT REPRESENTATION
PROPERTY MANAGEMENT
DEVELOPMENT
LAND BROKERAGE
ACQUISITION
1031 EXCHANGE
INVESTMENT SALES
Full-Service Brokerage Platform | Expose Your Property to an Expanded Universe of Agents, Investors and Developers
20+ Years Expertise in Facilitating 1031 Exchanges
#1 Texas Leader in Grocery-Anchored Shopping Centers
$2.2 Billion Portfolio | Retail and Mixed-Use
75+ Tenant Representation Accounts
12 Million SF | Leasing Services in Texas and Louisiana
175 Pads and 300 Acres of Available Commercial Land
Extensive Land Brokerage Division
Full-Service Property Management Department
3
NEWQUESTNATIONAL NETWORK
4
STONE HILL TOWN CENTER | PFLUGERVILLE, TX• Top 5 largest shopping center in Austin area
• 1M SF of retail space
• National retailers include Cinemark, Target, The Home Depot, Dick’s
Sporting Goods, Petco
CREEKSIDE TOWN CENTER | NEW BRAUNFELS, TX• Over 1M SF of retail with a 120 bed medical center, a multi-family development
and an entertainment complex
• Positioned at the epicenter of the Austin/San Antonio corridor
• National retailers include Target, Dick’s Sporting Goods, Petco, Best Buy
BRAZOS TOWN CENTER | ROSENBERG, TX• 2M SF of retail, dining, hotel, and entertainment
• Ranked 30th among the top 50 largest shopping malls in the nation
• National retailers include Target, Kroger, Petco, Best Buy, Cinemark, Kohls
CAMP FORBING TOWN CENTER | SHREVEPORT, LA• 2018 Shreveport Green Mission Award winner for enhanced property and
outstanding maintenance
• Anchored by the largest Kroger Marketplace in Shreveport
• 44K SF YMCA family fitness facility in design and planning stage
FRISCO RANCH | FRISCO, TX• 100K SF new Asian themed development located in the heart of Frisco’s retail hub
• Frisco ranked #1 place to live in America by Money Magazine in 2018
• Anchored by 99 Ranch Market, Daiso, 85°C Bakery
STABLESIDE AT FALCON LANDING | KATY, TX• Over 282K SF neighborhood lifestyle center
• Customer base of young families with high, discretionary income
• Anchored by Kroger, VillaSport Athletic Club and Spa, Main Squeeze, Hollywood Feed
NORTH TARRANT MARKETPLACE | NORTH RICHLAND HILLS, TX• 230K SF of retail and dining space
• Surrounded by major retail corridor
• Anchored by Kroger Marketplace, LA Fitness, Chick-fil-A
2019 DEVELOPMENTS
5
KELLEY WORKMANVice PresidentInvestment Sales
281.477.4355
DAVID H. LUTHERExecutive Vice PresidentInvestment Sales
281.477.4373
JEFF HAYESManaging PartnerLand & Tenant Advisory Services
281.477.4302
MORGAN HANSENSenior AssociateInvestment Sales
281.640.7904
The NewQuest Investment Sales Group provides
clients (Owners & Investors) with unparalleled
access to our extensive relationships with major real
estate investors including pension funds and their
advisors, REIT, domestic and foreign entities, wealthy
private investors, investment funds and developers.
MEET THE TEAM
6
PORTFOLIO: 11050 CAPITAL PARK DR., HOUSTON, TX 770414805 WESTWAY PARK BLVD. HOUSTON, TX 77041
PORTFOLIO PRICE $22,500,000
TOTAL GLA 157,166 SF
LAND AREA 4.8 ACRES
YEAR BUILT 2006/2009
• Flexible leaseback structure for 4805 Westway Park generates cash flow while repositioning 11050 Capital Park
• Priced well below replacement cost and 2019 assessed values
• Positioned in prime location off the Beltway with easy access to 290 and I-10
• Located within the prestigious Westway business park that remains home to a multitude of globally accredited tenants
• Opportunity to purchase as a portfolio or acquire 11050 Capital Park individually
EXECUTIVE SUMMARY
7
157,166 SFTotal GLA
$22.5MPrice
$143Price Per SF
4.8Acres
NewQuest Properties has been retained to exclusively represent the seller in the sale of The Seismic Exchange Campus, located in the highly desirable Westway business park off Beltway 8 in the northwest side of Houston, Texas. The campus is more specifically located in the northwest corridor of the Sam Houston Tollway and Clay Road, just north of I-10 and south of 290. The subject property is comprised of two buildings located at 11050 Capital Park and 4805 Westway Park Boulevard and one parking garage on a 4.8-acre campus. The property is located outside of the 500-year flood plain and experienced no damage from Hurricane Harvey.
The offering is priced as a portfolio at $22,500,000 or $143 per SF (parking garage not factored in) which is well below replacement cost. 2019 assessed values are significantly higher than the offering prices. 4805 Westway Park is appraised at $19,383,825 while 11050 Capital Park is appraised at $12,150,000 for a total assessment of $31,533,825.
Seismic Exchange will consider leasing back the entirety of the building at 4805 Westway Park for a period up to three years with the lease commencing upon close of escrow. This provides an investor or user attractive cash flow while leasing up 11050 Capital Park. The owners would also be willing to sell the 11050 Capital Park building individually with an asking pricing of $8M or $95 per SF.
INVESTMENT OVERVIEW
8
Seismic Exchange, Inc. (SEI) is a prime source of premium 2D and 3D seismic data for the upstream oil and
gas industry. SEI’s corporate headquarters are located in Houston, Texas, and SEI serves the oil and gas
industry with marketing offices located in New Orleans, Dallas, Denver, and Tulsa, and with a strong presence
in San Antonio, Corpus Christi, Lafayette, Jackson, Midland, and Bakersfield.
ABOUT SEISMIC EXCHANGE
INVESTMENT HIGHLIGHTS
9
SUGAR LAND PEARLAND
KATY
SPRING
CENTRALBUSINESSDISTRICT
WILLIAM P.HOBBY AIRPORT
TEXASMEDICALCENTER
NRGSTADIUM
GEORGE BUSHINTL AIRPORT
SUGAR LANDAIRPORT
ENERGYCORRIDOR
10
6
LOCATIONLocated on the Northwest side of Houston
off the Sam Houston Tollway, it has direct
access to Interstate 10 and U.S. 290. and
the Beltway, and is proximate to one of
the most abundant labor pools in Houston.
Both buildings are located within Westway
Park, a 150 acre, deed restricted business
park with strict land use codes developed 18
years ago by the Wolff Companies. The Park
is comprised of tenancy such as GE Oil &
Gas, Cameron, Schneider Electric, Siemens
Energy, Principal Management Group,
OneSubsea, Sigma Cubed, Chamberlain
University College of Nursing, Wellstream
and CyrusOne. Employers have also found
it attractive from a hiring and retention
standpoint as the location is convenient
and there are plenty of residential
neighborhoods nearby with great schools
like the Memorial Villages. The area also
offers nearby amenities for employees like
a three- acre park, multiple business-class
hotels and plenty of nearby restaurants/
entertainment, including Memorial City
mall and CityCenter a couple of miles away.
Additionally, the Sam Houston Tollway
offers easy access to the George Bush
Intercontinental Airport, the I-10 Energy
Corridor and many other areas of Houston.
SEISMIC EXCHANGE CAMPUS
DRIVETIME STATISTICS FROM SITE
10 Minute Drivetime:138,152 people (USPS count)
11,340 businesses with 145,722 employees
Memorial City Mall & Spring Branch are
located within a 10-minute drivetime of the
site
15 Minute Drivetime:350,031 people (USPS count)
24,013 businesses with 283,198 employees
Energy Corridor, The Galleria and
Westchase districts are all located within a
15-minute drivetime of the site
20 Minute Drivetime:720,891 people (USPS count)
46,988 businesses with 507,189 employees
The bedroom communities of Cypress &
Katy are both located within a 20-minute
drivetime of the site
30 Minute Drivetime:1,917, 097 people (USPS count)
110,313 businesses with 1,194,054 employees
Central Business District (“CBD”), Sugar
Land & The Texas Medical Center
LOCATION OVERVIEW
10
PROPERTY OVERVIEW
11050 Capital Park is a two-story flex building that was built in 2000 and expanded in 2006 to accommodate Seismic Exchange’s need for stor-age. In recent years, their space needs have been reduced as analog data was converted to digital and they developed an off-site storage facility. 11050 Capital Park contains 83,794 gross leasable square feet and 82,144 net rentable area on a 2.39-acre site.
Property Features:
a) The high-end construction is comprised of a steel frame super structure with concrete slab and custom finished tilt wall. b) There is one passenger and one freight elevator along with 84 surface parking spaces. c) Approximately 65% (51,019 SF) of the rentable area is configured as high-end office space with the average size office being 10 ‘ x 14’. There are a variety of conference room configurations on both levels. d) Approximately 35% (31,120 SF) of the rentable area is fully air-conditioned, high-quality light industrial space, which is served by two grade-level loading areas on the east side of the property. This space could accommodate users looking for a larger office footprint with a need for contiguous climate-controlled storage. Medical equipment, pharmaceuticals, biotech, logistics, lab space are among the many uses this space could accommodate.
Following the expansion of 11050 Capital Park in 2006, Seismic Exchange decided to relocate their headquarters from New Orleans to Houston and built 4805 Westway Park. 4805 Westway Park Boulevard is a LEED certified five-story, class A office building built in 2009 and the current Headquarters of Seismic Exchange. The Property contains 73,372 gross leasable square feet on a 2.4-acre site.
Property Features:
a) The high-end construction is comprised of a concrete super structure, post tension slabs, glass and masonry skin, marble and hardwood flooring, glass tile restrooms, rooftop terrace, water chilled system.b) There are two passenger elevators and 29 entry parking space.
The parking garage was completed in 2009 and offers 269 parking spaces, for a total of 382 campus parking spaces. The garage is multi-level with post tension construction which makes for stronger concrete and prevents cracking.
Additional campus improvements and amenities include:
a) an iron perimeter fence with an entrance gate b) security with card key access and 34 camerasc) fully sprinkleredd) IGB Ethernete) Ground level server rooms totaling 1,650 SF cooled by a 15 ton server A/Cf) back-up emergency generatorsg) 34 roof-mounted , single zone package units for heating and coolingh) extensive landscaping.
11
4805 WESTWAY PARK BOULEVARD HOUSTON, TX 77041
12
11050 CAPITAL PARK DRIVE HOUSTON, TX 77041
13
SUGAR LAND
KATY
6TEXAS
59
10
90
290
249TEXAS
TOLLWAY
HCTRA
99TOLL
SPRING
610 HOUSTON
PEARLAND
CYPRESSSEISMIC EXCHANGE CAMPUS
REGIONAL MAP
14
SUGAR LAND
KATY
6TEXAS
59
10
90
290
249TEXAS
TOLLWAY
HCTRA
99TOLL
SPRING
610 HOUSTON
PEARLAND
CYPRESS
8SA
M H
OU
STO
N T
OLL
WA
Y
CORPORATE CENTRE DR
WE
STW
AY
PA
RK
BLV
D
GE
SSN
ER
RD
CLAY RD
EQUITY DR
CAPITAL PARK DR
DU
RB
AN
DR
LAU
RE
DA
LE R
D
WE
STW
AY
PA
RK
BLV
D
LYBERT DR
CLA
RA
RD
STE
FFA
NI L
N
BROOKSHIRE LN
SPRING BROOK DR
CLEAR COVE LN
ROCKCREST RD
SHA
DO
WVA
LE D
R
JUNIPER GLEN DR
GOODRUM RD
N PAGEWICK DR
BAMBOO RD
PORTO RICO RD
TANGIERS RD
ALGIERS RD
GENARD RD
SEISMIC EXCHANGE CAMPUS
LOCAL MAP
15
TOLLWAY
SAM HOUSTON
SAM
HO
UST
ON
TLW
Y
149,
64
8 V
PD
TOLLWAY
SAM HOUSTON
KEMPWOOD DR
CLAY RD
TANNER RD
BR
ITT
MO
OR
E R
D
GE
SS
NE
R R
D
NorthbrookMiddle School
Spring Meadows
3 Corners NorthApartments
Gardens atSpring Shadows
Apartments
Westhbranch
Spring Shadows
Distribution Center
Carverdale
Spring BranchVilla
Brittmoore ClayIndustrial Park
SEISMIC EXCHANGE CAMPUSSITE
16
AERIAL VIEW
16
TOLLWAY
SAM HOUSTON
SAM
HO
UST
ON
TLW
Y
149,
648
VP
DEQUITY DR
CAPITAL PARK WY
WES
TWAY
PA
RK
BLV
D
WESTWAY PA
RK
BLV
D
Westbranch
Century WestwayPark Apartments
SEISMIC EXCHANGE CAMPUSSITE
AERIAL VIEW
17
CP Building83,794 SF
2-Story
WWP Building73,372 SF
5-Story
4805 Westway Park Blvd
11
050
Ca
pita
l Park
Driv
e
~4.8 acre campus with 2 buildings and 1 parking garage
CP Building completed in 2000, the expansion in 2006. Office/Warehouse, steel frame super structure with concrete slab and custom finished tilt wall, passenger and freight elevator WWP Building completed in 2009, Class A buildingOffice building, concrete super structure, post tension slabs, glass and masonry skin, marble and hardwood flooring, glass tile restrooms, rooftop terrace, water chilled system,
Parking Garage with 269 spaces, completed in 2009Multi-level, post tension construction
, 2 passenger elevators
269 Parking SpaceParking Garage
, 84 parking spaces
382 Grand Total campus parking
29 entry parking spaces
SITE PLAN
18
RENT SCHEDULE
Year Annual Rent Monthly Rent Per SQ FT
1 $1,320,696 $110,058 $18.00
2 $1,347,110 $112,259 $18.36
3 $1,374,052 $114,504 $18.73
PROPERTY DETAILS
Year Built / Renovated 2009
Gross Leasable Area 73,372 SF
Type of Ownership Fee Simple
Lot Size 2.40 Acres
LEASE DETAILS
Property SubtypeSINGLE
TENANT OFFICE
Tenant SEISMIC EXCHANGE
Sale Leaseback Yes
Rent Increases 2% Annually
Guarantor Corporate Guarantee
Lease Type NNN
Lease Commencement At Close of Escrow
Initial Lease Term 3 Years
Renewal Options None
4805 WESTWAY PARK BLVD HOUSTON, TX 77041LEASE-BACK
19
RETURNS CURRENT PRO FORMA
CAP Rate 0 11.31%
INCOME CURRENT PRO FORMA
Potential Gross Revenue 0 $1,005,528
General Vacancy 0 10.00% ($100,553)
Net Operating Income 0 $904,975
TOTAL RETURN 0 11.31% $904,975
PRICE $8,000,000
Price Per Sq Ft $95.47
Gross Leasable Area (GLA) 83,794 SF
Lot Size 2.40 Acres
Year Built/Expanded 2000/2006
Occupancy 0%
11050 CAPITAL PARK DRIVE HOUSTON, TX 77041PRICING DETAIL
20
SUGAR LAND
KATY
6TEXAS
59
10
90
290
249TEXAS
TOLLWAY
HCTRA
99TOLL
SPRING
610 HOUSTON
PEARLAND
CYPRESSSEISMIC EXCHANGE CAMPUS
SEISMIC EXCHANGE CAMPUS| HOUSTON, TX 77041COMPARABLES
21
SUGAR LAND
KATY
6TEXAS
59
10
90
290
249TEXAS
TOLLWAY
HCTRA
99TOLL
SPRING
610 HOUSTON
PEARLAND
CYPRESS
1
3
2
SALES SALES PRICESALES DATE
BUILDING SF
PRICE PER SF
YEAR BUILT
10750 Hammerly Blvd, Houston, TX 77043
$5,000,000 12/15/17 37,680 $132.70 1998
Oak Park Office Center lll6001 Rogerdale Rd, Houston, TX 77072
$28,000,000 9/27/18 150,950 $185.49 2008
Oceaneering Building16665 Space Center Blvd, Houston, TX 77058
$8,600,000 6/17/2019 63,468 $135.52 1983
01
02
03
SEISMIC EXCHANGE CAMPUS
SALES COMPARABLES
22
OAK PARK OFFICE CENTER III6001 ROGERDALE RD, HOUSTON, TX 77072
OCEANEERING BUILDING16665 SPACE CENTER BLVD, HOUSTON, TX 77058
Sales Price $28,000,000
COE 9/27/18
Rentable SF 150,950
Price/SF Building $185.49
Year Built 2008
Occupancy 0%
Sales Price $5,000,000
COE 12/15/17
Rentable SF 37,680
Price/SF Building $132.70
Year Built 1998
Occupancy 50%
Sales Price $8,600,000
COE 6/17/2019
CAP Rate 9.27%
Rentable SF 63,468
Price/SF Building $135.52
Year Built 1983
Occupancy 100%
Lease Term Remaining 6 Years
02 0301
SALES COMPARABLES
10750 HAMMERLY BLVDHOUSTON, TX 77043
23
SUGAR LAND
KATY
6TEXAS
59
10
90
290
249TEXAS
TOLLWAY
HCTRA
99TOLL
SPRING
610 HOUSTON
PEARLAND
CYPRESS
3
1-2
SALES TYPE GLATYPICAL
FLOORAVAILABLE
SFASKING
RENTYEAR BUILT
Concourse at Westway 4700 West Sam Houston Pky N, Houston, TX 77041
OFFICE 129,723 65,185 53,559 $16/NNN 1999
Westway II4424 W Sam Houston Pky N, Houston, TX 77041
OFFICE 242,374 25,012 50,289 $29/FSG 2009
10355 Centrepark Drive, Houston, TX 77043
OFFICE 15,324 7,662 7,362 $19.50/MG 2009
01
02
03
SEISMIC EXCHANGE CAMPUS
LEASE COMPARABLES
24
WESTWAY II4424 WEST SAM HOUSTON PKY N, HOUSTON, TX 77041
10355 CENTREPARK DRIVEHOUSTON, TX 77043
Type Office
GLA 129,723
Typical Floor 65,185
Available SF 53,559
Asking Rent $16/NNN
Year Built 1999
02 0301
LEASE COMPARABLES
Type Office
GLA 242,374
Typical Floor 25,012
Available SF 50,289
Asking Rent $29/FSG
Year Built 2009
Type Office
GLA 15,324
Typical Floor 7,662
Available SF 7,362
Asking Rent $19.50/MG
Year Built 2009
CONCOURSE AT WESTWAY4700 WEST SAM HOUSTON PKY N, HOUSTON, TX 77041
25
POPULATION
27,939,904
IN THE U.S.A.
2ND FASTEST GROWING ECONOMY
13+ MILLION WORKERS
TOP STATE FOR JOB GROWTH
FORTUNE 500 COMPANIESCALL TEXAS HOME
BEST STATE FOR BUSINESS10TH YEAR IN A ROW
AWARDED 2014 GOVERNOR’S CUP FOR THE MOST NEW AND EXPANDED CORPORATE FACILITIES: 689
NO STATEINCOME TAX
54 LARGEST MEDICAL CENTER 2ND LARGEST CANCER CENTER MD ANDERSON, HOUSTON
OVER 3,000 COMPANIES HAVE LOCATED OR EXPANDED FACILITIES IN TEXAS SINCE 2009
FORT WORTH#3 Top Moving Destination 2017
HOUSTON#2 Fastest Growing Housing Market 2018#7 Top 2- Business-Friendly City
AUSTIN#1 Best Places to Live 2018#12 Top 20 Business-Friendly City
SAN ANTONIO#14 Best Place to Live 2018
DALLAS#1 Fastest Growing Housing Market 2018#1 Top 20 Business-Friendly City
LOCATION OVERVIEW
26
METRO HIGHLIGHTS
As the fifth most populous metro area in the U.S., Houston houses
roughly 6.9 million people in southeastern Texas. The market is
composed of nine counties: Harris, Galveston, Brazoria, Fort Bend,
Chambers, Montgomery, Austin, Liberty and Waller. The Gulf of Mexico,
which borders the metro to the southeast, provides access to markets
around the world via the Port of Houston, making it a prime location
for exports. Local industries have diversified from oil to technology and
healthcare. Many companies provide goods and services for the large
population growth, which has sprawled, primarily to the north and west.
The city of Houston is the largest in the metro with 2.3 million residents.
CORPORATE GROWTHHouston will remain a top destination for corporate relocations due to its
business-friendly environment. More than 20 Fortune 500 companies are
headquartered in the metro.
HIGHER EDUCATIONOver 40 post-secondary educational institutions are located in the metro.
Nearly 31 percent of residents have attained a bachelor’s degree, with 11
percent also holding a graduate or professional degree.
LOW COST OF LIVING, DOING BUSINESSHouston has a lower cost of living than many major metros, no state
income tax and a median home price below the national level.
LOCATION HIGHLIGHTS
27
MANUFACTURING7%
PROFESSIONAL & BUSINESS SERVICES16%
LEISURE & HOSPITALITY10%
FINANCIAL ACTIVITIES5%
TRADE, UTILITIES & TRANSPORTATION 20%
CONSTRUCTION8%
EDUCATION & HEALTH12%
INFORMATION & OTHERS5%
NATURAL RESOURCES4%
GOVERNMENT13%
MAJOR AREA EMPLOYERSToshiba Corp
Bank of America
LA Fitness
Family Dollar
Kroger
Life Storage
Walgreens
Schlumberger
Houston Police
The economy is diversifying to include
biotechnology, distribution, nanotechnology
and logistics; the metro is the center of energy
production with roughly 260,000 workers.
LARGEST EMPLOYERS IN TEXASAT&T
Keller Williams
American Airlines
Livestock Investors Ltd
Tenet Healthcare
JCPenney
Dell
Schlumberger
H-E-B Foods
LOCATION ECONOMY
28
POPULATION 1 MILE 3 MILES 5 MILES
2024 Projected Population 8,232 70,938 273,670
2019 Estimated Population 8,026 69,268 266,563
2010 Census Population 7,859 66,048 242,999
2000 Census Population 6,787 59,273 226,871
HOUSEHOLDS 1 MILE 3 MILES 5 MILES
2024 Projected Households 3,004 25,923 102,781
2019 Estimated Households 2,830 24,327 96,306
2010 Census Households 2,634 22,235 83,562
2000 Census Households 2,182 20,428 78,428
2019 Occupied Units 2,903 25,006 98,802
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES
$200,000 or More 156 1,847 8,984
$150,000 to $199,999 266 1,889 6,414
$125,000 to $149,999 212 1,552 5,903
$100,000 to $124,999 219 1,773 7,423
$75,000 to $99,999 375 3,059 12,060
$50,000 to $74,999 518 4,419 18,297
$35,000 to $49,999 371 3,131 12,685
$25,000 to $34,999 305 2,373 8,278
$15,000 to $24,999 213 2,058 8,560
$10,000 to $14,999 105 918 2,924
Under $10,000 91 1,307 4,777
Average Household Income $86,021 $104,704 $115,758
Median Household Income $76,401 $79,684 $84,714
Per Capita Income $30,081 $32,151 $36,209
2018 POPULATION BY AGE
POPULATION HOUSEHOLDS
266,563
MEDIAN AGE
96,306
MEDIAN INCOME
34.2 $72,510
7% 22% 7% 29% 24% 10%
0-4 YEARS
5-19 YEARS
20-24 YEARS
25-44 YEARS
45-64 YEARS
65+ YEARS
LOCATION DEMOGRAPHICS
29
HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILES
Total Monthly Retail Expenditures $2,489 $2,579 $2,738
Consumer Expenditure Top 10 Categories
Apparel $186 $195 $207
Contributions $170 $178 $192
Education $156 $168 $182
Entertainment $297 $309 $330
Food and Beverages $777 $807 $854
Furnishings and Equipment $185 $192 $204
Gifts $126 $134 $147
Health Care $445 $456 $483
Household Operations $206 $215 $229
Miscellaneous Expenses $99 $103 $110
POPULATION PROFILE 1 MILE 3 MILES 5 MILES
2019 Estimate Total Population 8,026 69,268 266,563
Under 20 1,976 19,987 77,722
20 to 64 Years 4,983 40,691 159,935
Age 65+ 1,067 8,591 28,907
Median Age 37.3 34.2 34.2
Population 25+ by Education 5,493 44,618 171,251
Elementary (0 to 8) 558 5,412 19,453
Some High School (9 to 11) 237 2,884 12,166
High School Graduate (12) 606 4,079 15,504
Some College (13-15) 1,312 10,625 38,636
Associate Degree Only 1,061 8,356 30,844
Bachelor Degree Only 275 2,871 10,456
Graduate Degree 1,153 8,470 35,773
LOCATION DEMOGRAPHICS
30
POPULATIONIn 2019, the population in your selected geography is 266,563.
The population has changed by 1% since 2010. It is estimated that the
population in your area will be 273,670 five years from now, which
represents a change of .50% from the current year. The current population
is 50.5% male and 49.5% female. The median age of the population in your
area is 34.2, compare this to the US average which is 37.95. The population
density in your area is 3,395 people per square mile.
HOUSEHOLDSThere are currently 96,306 households in your selected geography.
The number of households has changed by 1.2% since 2010. It is
estimated that the number of households in your area will be 102,781 five
years from now, which represents a change of 1.30% from the current
year. The average household size in your area is 2.80 persons.
HOUSINGThe median housing value in your area is $240,918 in 2019, compare this to
the US average of $201,842. In 2000, there were 52,695 owner occupied
housing units in your area and there were 43,611 renter occupied housing
units in your area. The median rent at the time was $909.
INCOMEIn 2018, the median household income for your selected geography is
$72,510, compare this to the US average which is currently $58,754.
The median household income for your area has changed by 2% since
2000. It is estimated that the median household income in your area
will be $83,499 five years from now, which represents a change of 3%
from the current year. The current year per capita income in your area is
$36,209, compare this to the US average, which is $32,356.
EMPLOYMENTIn 2019, there are 215,526 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
77,435 employees are employed in white-collar occupations in this
geography, and 56,984 are employed in blue-collar occupations. In 2018,
unemployment in this area is 2.10%. In 2000, the average time traveled to
work was 25.2 minutes.
RACE & ETHNICITYThe current year racial makeup of your selected area is as follows: 57.16%
White, 10.39% Black, 0.08% Native American and 0.05% Asian/Pacific
Islander. Compare these to US averages which are: 70.20% White, 12.89%
Black, 0.19% Native American and 5.59% Asian/Pacific Islander. People
of Hispanic origin are counted independently of race. People of Hispanic
origin make up 15.75% of the current year population in your selected area.
Compare this to the US average of 18.01%.
LOCATION DEMOGRAPHICS
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