Pearland Independent School District Ionwave #26-0901-1

Sale of 45.626 Acres of Surplus Vacant Land by Pearland ISD in Pearland, Texas

Pearland Independent School District (PISD) is offering for sale approximately 45.626 acres of surplus vacant land in Pearland, Texas. - Property details: - Located along the southwest line of FM 518 (E. Broadway Street), east of Pearland Parkway - Comprises three tracts (Property ID Numbers: 164165, 164167, 171756) - Total area: 45.626 acres (1,987,469 square feet) - Offered as a single transaction - Sale terms: - Property sold "AS IS, WHERE IS, WITH ALL FAULTS"; no warranties or representations by the District - Minimum bid amount: $8,250,000 - Bidders must submit a $100,000 bid security deposit (certified or cashier’s check) - Broker commissions up to 1% of the purchase price may be paid if disclosed - Bids must be submitted electronically via the District’s IonWave eBid system - Strict requirements for bid submission format and adherence to a Code of Silence - Approval and closing: - Sale subject to final approval by the Pearland ISD Board of Trustees - Includes a 45-day option period for buyer due diligence and termination rights after contract effective date - Closing occurs after the option period within a timeframe specified in the final agreement - Notable aspects: - No OEMs or vendors are involved, as this is a real property sale - The opportunity is notable for its size, location, minimum bid, and substantial bid security deposit requirement

Description

Pearland Independent School District (PISD) is accepting Competitive Sealed Bids (CSB) for the purchase of approximately 45.626 acres of District-owned surplus vacant land located along the southwest line of FM 518 (E. Broadway Street), east of Pearland Parkway, Pearland, Texas 77581. The property is identified by Property ID Numbers 164165, 164167, and 171756 and will be sold "AS IS, WHERE IS," with all faults and without warranties or representations by the District. Bids must be submitted electronically through the District's IonWave electronic bidding system by October 28, 2026, at 10:00 a.m. CST. A $100,000 Bid Security Deposit is required in the form of a certified or cashier's check.

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