Pearland Independent School District Ionwave #26-0901-1 Addendum 1

Pearland ISD Sale of Approximately 45.626 Acres of Surplus Land

Pearland Independent School District is seeking a buyer for approximately 45.626 acres of surplus vacant land in Pearland, Texas. - Government buyer: Pearland Independent School District (PISD), Business Services. - Property offered: Approximately 45.626 acres (1,987,469 square feet), offered as one transaction comprising three tracts identified by Property IDs 164165, 164167, and 171756. The property is along FM 518 (E. Broadway Street), east of Pearland Parkway, in Pearland, Brazoria County, Texas. - Minimum bid: $8,250,000. This is a sale of real property, not a purchase of goods or services. - Submission requirements: Submit the bid electronically through IonWave and provide a $100,000 bid security deposit by certified or cashier’s check. Buyer-broker commission requests, if any, must be disclosed and cannot exceed 1%; commissions are considered when evaluating net proceeds. - Property and transaction conditions: The land is offered “AS IS, WHERE IS, WITH ALL FAULTS,” without District warranties or representations. The sale is subject to approval by the PISD Board of Trustees; the District may reject bids or withdraw the property. The agreement includes a 45-calendar-day buyer option period for due diligence and termination rights. - OEMs and vendors: No product manufacturers or prospective purchaser vendors are named. IonWave is identified as the electronic bid-submission platform.

Description

Pearland Independent School District is accepting competitive sealed bids for the purchase of approximately 45.626 acres of District-owned surplus vacant land, identified by Property ID Numbers 164165, 164167, and 171756, in Pearland, Texas. The property is located along the southwest line of FM 518 (E. Broadway Street), east of Pearland Parkway, and is offered “AS IS, WHERE IS,” with all faults and without District warranties or representations. Bids must be submitted electronically through the District’s IonWave system by October 28, 2026, at 10:00 a.m. CT, and bidders must also deliver an original $100,000 certified or cashier’s check bid security deposit by that deadline. Bids will be considered primarily on purchase price, and any sale is subject to final approval by the Pearland ISD Board of Trustees.

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