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11233 Shadow Creek Parkway - Shadow Creek Business Center - Phase I, Pearland, TX

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DetailMap
11233 Shadow Creek Parkway - Shadow Creek Business Center - Phase I

Pearland, TX 77584 - South Submarket

(1.8 MB)

Property Type:Office Sub Type:- Status:Existing Year Built:2009
Stories:4 Typical Floor:20,000 SF Building Size:80,000 SF
% Leased:
For Sale Price:$25,000,000 Price/SF:$312.50
Cap Rate:-
Smallest Space:1,702 SF Largest Space:19,523 SF Total Space Avail:44,677 SF Rent/SF/Yr:
$21.50 - $23.00
Parking:Free Surface spaces are available; Free Covered spaces are available; Ratio of 4/1,000 SF Amenities:Controlled Access, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,702 SF
$23.00/SF/Yr
Vacant
Negotiable
Office
 2nd
3,986 SF
$23.00/SF/Yr
90 Days
Negotiable
Office
 2nd
3,770 SF
$23.00/SF/Yr
06/2016
Negotiable
Office
 2nd
3,900 SF
$21.50/SF/Yr
Negotiable
Thru Jun 2016
Office
 2nd
4,013 SF
$23.00/SF/Yr
06/2016
Negotiable
Office/Medical
 2nd
7,783 SF
$21.50/SF/Yr
Negotiable
Thru Jun 2016
Office
 3rd
2,000 SF-19,523 SF
$23.00/SF/Yr
Negotiable
Negotiable
Office/Medical
 
9471746
9471744
8608734
9355264
9983485
8660932
7679532
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,702 SF
$23.00/SF/Yr
Vacant
Negotiable
Office
2nd
3,986 SF
$23.00/SF/Yr
90 Days
Negotiable
Office
2nd
3,770 SF
$23.00/SF/Yr
06/2016
Negotiable
Office
2nd
3,900 SF
$21.50/SF/Yr
Negotiable
Thru Jun 2016
Office
2nd
4,013 SF
$23.00/SF/Yr
06/2016
Negotiable
Office/Medical
2nd
7,783 SF
$21.50/SF/Yr
Negotiable
Thru Jun 2016
Office
3rd
2,000 SF-19,523 SF
$23.00/SF/Yr
Negotiable
Negotiable
Office/Medical
• Available building signage
• Glass curtain wall exterior with architectural
precast concrete spandrel panels
• Large open floor plates providing efficient and
flexible space planning
• Class A office finishes
• Sustainable energy efficient design
• Fully sprinklered building
• Computerized card-key security access
• Ample surface parking
• Office and medical suites available
• 15 Miles to downtown, 12 Miles to Medical
Center
• Perimeter security cameras
• Professionally managed

Sale Notes:
A Class 4 story office bldg, 320 surface parking, strategically located to Hwy 288, U.S. 59, Interstate 45 & I10 and Sam Houston Tollway. 100% leased, stable cash flow, one of the best performing markets in the country. Constructed in 2008, within the master-planned community of Shadow Creek Ranch, a highly desirable and growing area. Excellent regional accessibility with proximity to the Houston CBD, Texas Medical Center, Port of Houston and Houston Hobby Airport. Pearland is ranked as the 15th fastest growing city in the U.S., the third largest and fastest growing city in the Houston MSA. A thriving, diverse, young and highly educated workforce. Excellently positioned in one of the nation's best performing economies ensuring a competitive basis for many years to come.

Price $25,000,000.00 subject to assumption/prepayment penalty terms

$1,717,665.00 NOI

0.068 CAP RATE
Northline of Shadow Creek Pkwy, just West of Highway 288

Arvo Realty Advisors
Edward Ryland
(713) 952-5066 x101


Clark Gaines Properties
  
Moody Rambin


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