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Investment Highlights
- Lucrative Investment Opportunity- New 5-Year leases recently added
- Income Producing Bill Board on FM 518
- In the Center of Pearland, a High Income Family Area
- Four Buildings 97% Occupied with Stable Tenants
- Additional Income with Floored Attic Space Above Various Buildings
- Close Commute to the Houston Medical Center and Downtown Houston
Executive Summary
Prime Investment Opportunity Consisting of 5.44 Acres with 4 Buildings in the Center of Pearland, a highly sought-after, high-income family area located approximately 15-20 minutes from downtown Houston and the Houston Medical Center. Four buildings house a diverse range of professional tenants, such as physicians, legal firms, daycare centers, and spas, and boast an impressive 97% occupancy rate. Additional income consists of a billboard on FM 518 and a floored attic space available for lease above the various buildings. With stable and long-term tenants on NNN leases, Tranquility Center guarantees a reliable revenue stream. The well-maintained buildings feature a total square footage of 39,065, offering a mix of office and retail spaces ideal for investors seeking a stable return. The property is part of a 1-location sale condition, making it a seamless addition to a 1031 exchange portfolio. Built between 2003 and 2008, this prime commercial real estate opportunity combines a competitive Cap Rate. Don't miss the chance to own a piece of this thriving business community at 7918,7822,7924 and 7930 Broadway St., Pearland, TX 77581.
Property Facts
| Price | $10,500,000 | Number of Properties | 4 |
| Price / SF | $268.78 / SF | Individually For Sale | 0 |
| Cap Rate | 6.43% | Total Building Size | 39,065 SF |
| Sale Type | Investment | Total Land Area | 16.28 AC |
| Status | Active |
| Price | $10,500,000 |
| Price / SF | $268.78 / SF |
| Cap Rate | 6.43% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 39,065 SF |
| Total Land Area | 16.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7930 Broadway St, Pearland, TX 77581 | Office | 14,300 SF | 2003 | - |
| 7918 Broadway St, Pearland, TX 77581 | Office | 7,305 SF | 2007 | - |
| 7924 Broadway St, Pearland, TX 77581 | Office | 7,240 SF | 2008 | - |
| 7922 Broadway St, Pearland, TX 77581 | Retail | 10,220 SF | 2003 | - |
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Tranquility Center -Pearland
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