True 10 Cap Class A Event Center & Operating Biz In Sugar Land Tx

Highlights:

• EXCELLENT CAP: 9.98% / OUTSTANDING LOCATION / FUTURE UPSIDE BUILT IN!
• 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.

Description:

EXCELLENT CAP: 9.98% / OUTSTANDING LOCATION / FUTURE UPSIDE BUILT IN!

Class A Operating Event Center located in Booming Sugar Land Texas Heart of Sugas Land!

We just dropped the price to $5.5 million.

There is already $250,000 in deposits, which is only 40% of the amount owed for schedules events.

Expect gross income to exceed $1 million in 2024 vs $940,415 in 2023.

SHOWN BY APPT ONLY! DO NOT APPROACH EMPLOYESS! OR YOU WILL NOT BE ABLE TO BUY PROPERTY!

This Event Center, now called Milano’s, was designed for Wedding Ceremonies, Corporate Training, Shows, Quinceanera, Bar Mitzvah, Family Celebration, Holiday Party 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, provides the highest quality of affordable services to meet the needs of its residents. enhance home values and create a sense of belonging. The community offers outstanding schools, libraries, civic organizations and other resources that make Sugar Land a great place to work. Sugar land has a devirse 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 Minute Maid and Schlumberger, Tramontina USA, Bechtel Equipment Operations, Noble Drilling, Money Management International and Aetna.

Sugar Land's aggressive economic development program has created a business-friendly environment, one that includes a variety of incentives, including a corporate aviation facility.

Property Tax Base: $19.10 billion. Developed Land-Use Mix: Residential: 77.45%. Commercial: 15.28%. Industrial: 7.27%. Bond Ratings: Standard & Poor's: AAA. Fitch Ratings: AAA. Average

Residential Value: $478,200. Median Income $123,400.