Tranquility Center FOR SALE


Pearland, TX
$11,900,000 USD
713-304-2980
, Pearland, TX for Sale
$11,900,000 USD
FOR SALE
1/4
null | 6.35% Cap Rate

Tranquility Center
Pearland, TX


HIGHLIGHTS

  • Lucrative Investment Opportunity
  • Four Buildings 97% Occupied with Stable Tenants
  • Income Producing Bill Board on FM 518
  • Additional Income with Floored Attic Space Above Various Buildings
  • In the Center of Pearland, a High Income Family Area
  • Close Commute to the Houston Medical Center and Downtown Houston

OVERVIEW

Prime Investment Opportunity Consisting of 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 boasts an impressive 97% occupancy rate. Additional income consist of a BILL BOARD on FM 518, and 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 6.35% Cap Rate with an NOI of $755,650. Don't miss the chance to own a piece of this thriving business community at 7918 Broadway St., Pearland, TX 77581.

ASK ABOUT THIS PROPERTY

Jung KwakAusmus Premier PropertiesMore Info
713-304-2980

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Jung KwakAusmus Premier PropertiesMore Info
713-304-2980

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.