17327 Pearland Sites Rd Pearland, TX 77584

Property Details for 17327 Pearland Sites Rd

Year built

1984

Lot size

1.00 lot acres

Property size

4,000 SF

Property type

Warehouses

APN

0550-0049-000

APU

5500049000

Description

This exceptional investment opportunity presents three industrial warehouses totaling approximately 12,846 square feet situated on a two-acre lot in Pearland, Texas. The property features three buildings, each with unique characteristics. Warehouse 1 boasts approximately 5,700 square feet, a 16-foot clear height, a 16-foot door height, and an overhead crane. Warehouse 2 offers approximately 4,000 square feet with a 19-foot clear height and 16-foot door height, currently occupied by a month-to-month tenant at a below-market rate, providing immediate cash flow. Warehouse 3 comprises approximately 3,150 square feet with a 16-foot eave height and a 12-foot door height. All three buildings benefit from 3-phase power. The two larger warehouses also include living/office space. Built in 1998 and renovated in 2007, this property offers a strong pro-forma NOI of $115,614 and a pro-forma cap rate of 9.63%, presenting significant upside potential for an owner-user or investor seeking to increase net operating income. The property's location in the rapidly growing Pearland market, within the South Highway 35 submarket, offers excellent access to major transportation routes and benefits from the robust Houston industrial market's continued expansion. The two lots share a well and each have their own septic system. The asking price is $1,200,000. APN: 0550-0049-110; 0550-0049-000.