Colliers is pleased to announce the sale of Clear Lake Apartments, a 244-unit multifamily community located at 300 Cyberonics in Clear Lake, Texas. The Seller, WWC, XLI, was represented by Chip Nash, Bob Heard, and Jaleel Adatia.
Clear Lake Apartment Homes, built in 1979, is comprised of 244 units nestled in the heart of Clear Lake, Texas. This attractive community appeals to the resident demand occurring within the Clear Lake rental market. The community is only minutes away from NASA, Spaceport, Clear Lake Medical Center, and University of Houston-Clear Lake. It is close to premier shopping at Baybrook Mall; and dining and entertainment found at Kemah Boardwalk.
The multifamily property is located in Houston’s Clear Lake/Webster/League City apartment submarket, which contains 25,805 units within 105 projects. Currently 89.5% occupied, the average monthly rental rate is $1,286 per unit in the submarket.
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