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Mixed-Use

Pearland Business Park

1329 E Broadway St, Pearland, TX 77581

Listing Price: $7,765,000

Cap Rate
8.00%
Number of Suites
12
Gross SF
39,597
Rentable SF
39,597
Price/Gross SF
$196.10
Lot Size
2.47 acres
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to offer exclusively the opportunity to acquire Pearland Business Park. This 98% leased, mixed-use portfolio consists of three flex industrial and retail buildings that total 35,597 square feet on 2.47 acres. The property was recently completed renovated and is situated south of Houston in densely populated Pearland Submarket.

Investment Highlights

  • Pearland Business Park is a 39,597 SF Mixed-Use Center Sitting on 2.47 Acres of Land, Newly Renovated in 2021 and Situated South of Houston in Densely Populated Pearland Submarket
  • New Renovations Totaling More than $1,045,000 Include: New Roof, Façade, Parking Lot, Electrical and HVAC Upgrade, Modernized Building Signage, Landscaping, LED Lighting, and Interior Remodel
  • This Center is 98% Occupied by Synergistic Mix of E-Commerce Resistant Tenants Featuring a 28,310 SF Flex Building, 7,287 SF Restaurant and 4,000 SF Storage Warehouse

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Mixed-Use

Pearland Business Park

Listing Price: $7,765,000

Cap Rate
8.00%
Number of Suites
12
Gross SF
39,597
Rentable SF
39,597
Price/Gross SF
$196.10
Lot Size
2.47 acres
Year Built
1997

Investment Highlights

  • Pearland Business Park is a 39,597 SF Mixed-Use Center Sitting on 2.47 Acres of Land, Newly Renovated in 2021 and Situated South of Houston in Densely Populated Pearland Submarket
  • New Renovations Totaling More than $1,045,000 Include: New Roof, Façade, Parking Lot, Electrical and HVAC Upgrade, Modernized Building Signage, Landscaping, LED Lighting, and Interior Remodel
  • This Center is 98% Occupied by Synergistic Mix of E-Commerce Resistant Tenants Featuring a 28,310 SF Flex Building, 7,287 SF Restaurant and 4,000 SF Storage Warehouse

Investment Overview

Marcus & Millichap is pleased to offer exclusively the opportunity to acquire Pearland Business Park. This 98% leased, mixed-use portfolio consists of three flex industrial and retail buildings that total 35,597 square feet on 2.47 acres. The property was recently completed renovated and is situated south of Houston in densely populated Pearland Submarket.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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