TRUE 10 CAP CLASS A EVENT CENTER IN SUGAR LAN | 16555 Creek Bend Dr
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TRUE 10 CAP CLASS A EVENT CENTER IN SUGAR LAN 16555 Creek Bend Dr
10,288 SF Retail Building Sugar Land, TX 77478 $7,934,520 CAD ($771.24 CAD/SF) 10.63% Cap Rate
INVESTMENT HIGHLIGHTS
- GROSS INCOME WAS $1.05 MILLION IN 2024 VS $940,415 IN 2023.
- 10 CAP PURCHASE INCLUDES 10,288 SQFT OF BUILDING ON 1.79 ACRES OF LAND & PARKING.
- Financing available, if qualified from Seller’s bank, at 7%+/- with 25% down, 25 year AMO, on a 5 Year Balloon.
- WELL TRAINED MANAGEMENT STAFF. NO NEED FOR OWNER TO BE ONSITE.
- There is $250,000+/- in deposits, which is only 40% of the amount owed for schedules events.
- SHOWN BY APPT ONLY! DO NOT APPROACH EMPLOYEES OR YOU WILL NOT BE ABLE TO BUY PROPERTY!
EXECUTIVE SUMMARY
Event Center, now called Milano formerly Noah’s for 10 years, was designed for Wedding Ceremonies, Corporate Training, Shows,
Quinquennia, Bar Mitzvah, Family Celebration, Holiday Party, Retail Shows, and Political Events.
Facing Beautiful Brooks Lake this Event Center is a First Class venue with stunning accent lighting, three (3) customizable spaces
and two kitchen prep facilities. It is considered the most elegant top event facility in Southwest Houston and Sugar Land.
Sugar Land is located in eastern Fort Bend County approximately 20 miles southwest of downtown Houston.
A full-service Master-Planned community, Sugar Land community offers outstanding schools, libraries,
civic organizations and other resources that make Sugar Land a great place to work.
Sugar land has a diverse population made up of 33% Asian, 32% White, 27% Asian Indian and 8% Black.
Numerous high-profile regional and international corporations have chosen Sugar Land as a corporate home, including Fluor,
Minute Maid, Schlumberger, Tramontana USA, Bechtel Equipment Operations, Noble Drilling, Money Management International and Aetna.
Residential Median Value: $478,200. Median Income $123,400.
Quinquennia, Bar Mitzvah, Family Celebration, Holiday Party, Retail Shows, and Political Events.
Facing Beautiful Brooks Lake this Event Center is a First Class venue with stunning accent lighting, three (3) customizable spaces
and two kitchen prep facilities. It is considered the most elegant top event facility in Southwest Houston and Sugar Land.
Sugar Land is located in eastern Fort Bend County approximately 20 miles southwest of downtown Houston.
A full-service Master-Planned community, Sugar Land community offers outstanding schools, libraries,
civic organizations and other resources that make Sugar Land a great place to work.
Sugar land has a diverse population made up of 33% Asian, 32% White, 27% Asian Indian and 8% Black.
Numerous high-profile regional and international corporations have chosen Sugar Land as a corporate home, including Fluor,
Minute Maid, Schlumberger, Tramontana USA, Bechtel Equipment Operations, Noble Drilling, Money Management International and Aetna.
Residential Median Value: $478,200. Median Income $123,400.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,288 SF
Building Class
B
Year Built/Renovated
2014/2022
Price
$7,934,520 CAD
Price Per SF
$771.24 CAD
Cap Rate
10.63%
NOI
$843,161 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.79 AC
Zoning
Retail
Parking
93 Spaces (9.04 Spaces per 1,000 SF Leased)
Frontage
280’ on Creekbend Drive
AMENITIES
- 24 Hour Access
- Atrium
- Security System
- Signage
- Automatic Blinds
- Recessed Lighting
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4778-31-002-0090-907 | Improvements Assessment | $3,076,156 CAD (2023) |
| Land Assessment | $1,523,428 CAD (2023) | Total Assessment | $4,599,584 CAD (2023) |
PROPERTY TAXES
Parcel Number
4778-31-002-0090-907
Land Assessment
$1,523,428 CAD (2023)
Improvements Assessment
$3,076,156 CAD (2023)
Total Assessment
$4,599,584 CAD (2023)
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TRUE 10 CAP CLASS A EVENT CENTER IN SUGAR LAN | 16555 Creek Bend Dr
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