offering memorandum - loopnet...the texas real estate commission (trec) regulates real estate...

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

[email protected]

281.477.4355

DAVID H. LUTHERExecutive Vice PresidentInvestment Sales

[email protected]

281.477.4373

JEFF HAYESManaging PartnerLand & Tenant Advisory Services

[email protected]

281.477.4302

MORGAN HANSENSenior AssociateInvestment Sales

[email protected]

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



Energy Corridor, The Galleria and

Westchase districts are all located within a

15-minute drivetime of the site



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

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STO

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OLL

WA

Y

CORPORATE CENTRE DR

WE

STW

AY

PA

RK

BLV

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GE

SSN

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RD

CLAY RD

EQUITY DR

CAPITAL PARK DR

DU

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LYBERT DR

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SPRING BROOK DR

CLEAR COVE LN

ROCKCREST RD

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JUNIPER GLEN DR

GOODRUM RD

N PAGEWICK DR

BAMBOO RD

PORTO RICO RD

TANGIERS RD

ALGIERS RD

GENARD RD


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


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%


COE 12/15/17

Rentable SF 37,680


Year Built 1998

Occupancy 50%


COE 6/17/2019

CAP Rate 9.27%

Rentable SF 63,468


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


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


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%.


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