Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 17327 & 17331 Pearland Sites Road, Pearland, Texas. The subject property consists of approximately 12,846 square feet of industrial warehouse between three buildings and two lots, totaling two acres. The two lots share a well and each have their own septic system. The ~4,000 square feet warehouse has a month-to-month tenant at a below market rate, offering the ability to operate part of or the whole offering. All three buildings offer 3-phase power. The largest warehouse features an overhead crane. The two larger buildings also offer living/office space. Stretching from the South Loop to the Gulf of Mexico, the South Highway 35 Submarket encompasses one of the metro's largest geographic areas. In turn, with 50.6 million square feet of industrial stock, it has among the top three largest industrial inventories in the metro. Between 2023 and 2024, nearly 7 million square feet will be completed in the South Hwy 35 Submarket, which is more than what was built between 2010 through 2022. Much of the new supply is being built in the northern part of the submarket, near Beltway 8. As the fifth most populous metro area in the U.S., Houston houses over seven 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 import/export. Houston’s economy has diversified in recent years, with the healthcare and technology sectors showing strong growth. As Houston’s population continues to grow, primarily to the northwest, many companies are expanding to the region to provide goods and services to the increasing population.