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19756975
28236114

7918 Broadway St, Pearland, TX 77581

FA
TX 9005067, TX 431224
Ausmus Premier Properties
Listed by Ausmus Premier Properties
$8,995,000
328 days on market
Updated 5 days ago

Tranquility Center

Details
Property Type Office, Retail
Sub Type Day Care/Nursery, Shopping Center (+1)
Square Footage 39,065
Net Rentable (SqFt) 39,065
Cap Rate 7.83%
NOI $704,419
Occupancy 97%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $230
Class A
Year Built 2003, 2007, 2008
Buildings 4
Stories 1
Acreage 5.440
Investment Type Stabilized
Ground Lease No
Sale Condition N/A

4 Properties New Offering at $8,995,000 in Pearland, TX

Marketing description

NEW Leases- Tranquility Center in Pearland, TX—Consisting of 4 Buildings and a double-sided Billboard, on the Busy FM 518, with Rental Income. This beautiful well-maintained property is a lucrative investment opportunity strategically located just 20 minutes from the bustling Medical Center and Downtown Houston. The four buildings have a diverse range of Medical, Legal Tenants, a Long-term Learning Center, and other professional tenants. Current at an impressive 98% occupancy rate. Additional income consists of the 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 a Stable Income Property, well-maintained, and in a great location, making it a seamless addition to a 1031 exchange portfolio. Built between 2003 and 2008, this prime commercial real estate opportunity combines a competitive Return rate. Don't miss the chance to own a piece of this thriving business community at 7918 Broadway St., Pearland, TX 77581. Traffic Count per Crexi: 27,300 Cars per Day

Investment highlights

  • Call for details. Lucrative Investment Opportunity
  • Additional Income with Floored Attic space above buildings
  • Income producing Bill Board on FM 518
  • Well Maintained, upside potential
  • In the Center of Pearland, one of the finest cities of the Houston Suburbs
  • High income, family area with close commute to the Houston Medical Center and Downtown Houston
  • Four buildings 97% occupied
  • Restaurants and other amenities near by
  • Traffic Count per Crexi: 27,300 Cars per Day

Listing Contacts

FA
TX 9005067, TX 431224
Ausmus Premier Properties
Listed by Ausmus Premier Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$704,418.57
$58,701.55/mo

Valuation Metrics

0
DSCR
7.83%
Cap Rate
7.83%
ROI

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