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2618 E Broadway St
Pearland, TX 77581
Office Property For Sale
INVESTMENT HIGHLIGHTS
- High visibility with E Broadway St averaging 28,495 VPD
- Tenant responsible for all utilities
- $143,659 Median Household Income in 3 mile radius
EXECUTIVE SUMMARY
Fully occupied office building available for sale in Pearland. This asset is ideally situated in an area that has seen an impressive 17.86% increase in population within a 3-mile radius from 2023-2024. Additionally, it benefits from its proximity to prominent national retailers including HEB, Lowe’s, and Walmart. Gallagher Insurance acquired Victory Insurance in 2016 and has since extended the lease on two consecutive terms. Gallagher paid for an interior remodel in 2022.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
6,058 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,058 SF
Building FAR
0.16
Lot Size
0.87 AC
Parking
38 Spaces (6.27 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0198-0010-131 | Improvements Assessment | $967,440 |
| Land Assessment | $197,060 | Total Assessment | $1,164,500 |
PROPERTY TAXES
Parcel Number
0198-0010-131
Land Assessment
$197,060
Improvements Assessment
$967,440
Total Assessment
$1,164,500
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