16555 Creek Bend Dr - Freestanding FOR SALE


Sugar Land, TX 77478
$5,500,000 USD
713-202-3779
16555 Creek Bend Dr, Sugar Land, TX for Sale
$5,500,000 USD
Freestanding - FOR SALE
1/12
null | 10.63% Cap Rate

16555 Creek Bend Dr
Sugar Land, TX 77478


HIGHLIGHTS

  • GROSS INCOME WAS $1.05 MILLION IN 2024 VS $940,415 IN 2023.
  • WELL TRAINED MANAGEMENT STAFF. NO NEED FOR OWNER TO BE ONSITE.
  • 10 CAP PURCHASE INCLUDES 10,288 SQFT OF BUILDING ON 1.79 ACRES OF LAND & PARKING.
  • There is $250,000+/- in deposits, which is only 40% of the amount owed for schedules events.
  • Financing available, if qualified from Seller’s bank, at 7%+/- with 25% down, 25 year AMO, on a 5 Year Balloon.
  • SHOWN BY APPT ONLY! DO NOT APPROACH EMPLOYEES OR YOU WILL NOT BE ABLE TO BUY PROPERTY!

OVERVIEW

Event Center, now called Milano formerly Noah’s for 10 years, was designed for Wedding Ceremonies, Corporate Training, Shows, Quinquennia, Bar Mitzvah, Family Celebration, Holiday Party, Retail Shows, and Political Events. Facing Beautiful Brooks Lake this Event Center is a First Class venue with stunning accent lighting, three (3) customizable spaces and two kitchen prep facilities. It is considered the most elegant top event facility in Southwest Houston and Sugar Land. Sugar Land is located in eastern Fort Bend County approximately 20 miles southwest of downtown Houston. A full-service Master-Planned community, Sugar Land community offers outstanding schools, libraries, civic organizations and other resources that make Sugar Land a great place to work. Sugar land has a diverse population made up of 33% Asian, 32% White, 27% Asian Indian and 8% Black. Numerous high-profile regional and international corporations have chosen Sugar Land as a corporate home, including Fluor, Minute Maid, Schlumberger, Tramontana USA, Bechtel Equipment Operations, Noble Drilling, Money Management International and Aetna. Residential Median Value: $478,200. Median Income $123,400.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$535 USD /SF

CAP RATE

10.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

TRUE 10 CAP CLASS A EVENT CENTER IN SUGAR LAN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,972 SF

ZONING

Retail

APN/PARCEL ID

4778-31-002-0090-907

ASK ABOUT THIS PROPERTY

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713-202-3779

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713-202-3779

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