Living / Multi-housing

Clear Creek Landing

11717 Beamer Rd Houston, Texas United States 77089-3100
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1977
Building Area Gross
Number of units 200
Occupancy 95.0 %

Asset Description

Property Type: Garden Style
Year Built: 1977
Units: 200 units
Average Unit Size: 769 SF
Rentable Square Feet:153,808 SF
Site Size:10.0 Acres


Investment Highlights

  • Operating at 95%+ Occupancy
  • Excellent Value-Add Opportunity with 42% Classic Units & 58% Partially Renovated Units
  • Opportunity to the Bridge Rent Gap with In-Place Rents Currently Below the Submarket Average
  • Zero Properties Under Construction with No Deliveries in the Last 30-Months
  • Robust Submarket and Area Demographics with 16.6% 3-Mile Radius Population Growth Over Last 10-Years
  • AxioMetrics Projected Submarket Rent Growth: 7.6% - 2022 | 5.4% - 2023 | 4.9% - 2024
  • Within Close Proximity to Major Employment & Retail Entertainment
    • Employment: Pearland | Memorial Hermann Hospital | San Jac College | Med Center | Hobby Airport
    • Retail: Almeda Mall | Baybrook Mall


Last Updated Date: 01 Mar 2022

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Last Updated Date: 01 Mar 2022

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