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Sunrise Lake at Broadway 2 Properties in Pearland, TX
INVESTMENT HIGHLIGHTS
- Value add opportunity via 13% below market rates and 37% of GLA expiring without options
- Robust retail fundamentals and demographics in the Pearland submarket ($134,924 average HH income)
- Exceptional visibility and accessibility along Broadway St., Pearland’s major east/west thoroughfare
- Exceptional opportunity to acquire a boutique office asset significantly below replacement costs
EXECUTIVE SUMMARY
Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer the opportunity to acquire Sunrise Lake Center (the “Property”), a 88% leased, 74,612 square foot retail and office asset located in the Pearland submarket of Houston, Texas. The offering presents an exceptional value-add opportunity via 13% below market rents and tenants expiring without options. The asset includes a favorable opportunity to acquire a Class A, boutique office asset significantly below replacement costs. Located along Pearland’s most trafficked east/west roadway along Broadway Street, the Property is located among robust demographics with an expanding residential base.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 74,612 SF |
| Number of Properties | 2 | Total Land Area | 5.29 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 74,612 SF |
| Total Land Area | 5.29 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 9307 Broadway St, Pearland, TX 77584 | Office | 39,480 SF | 2006 | - |
| 9223 Broadway St, Pearland, TX 77584 | Retail | 35,132 SF | 2006 | - |
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Sunrise Lake at Broadway
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