Sale of Surplus Property- Vacant Land

Pearland Independent School District is selling approximately 45.6 acres of surplus vacant land in Pearland, Texas as a single parcel. Interested parties must submit a competitive sealed bid, accompanied by a $100,000 bid security, by 10:00 a.m. CT on October 28, 2026. The minimum acceptable bid is $8.25 million; the property will be sold “AS‑IS, WHERE‑IS” with all faults and no warranties. Bidders must provide proof of financial capacity, may include a buyer’s broker commission (up to 1 %), and must be prepared to deposit an additional $200,000 earnest money and a $25,000 option fee after award. The transaction includes a 45‑day option period and closing through a designated escrow agent. The District retains the right to reject any or all bids and final approval rests with the Board of Trustees. • 45.6 acres of undeveloped land located along FM 518 (E. Broadway St.) in Pearland, TX • Single‑transaction sale – all three tracts must be purchased together • Minimum bid: $8,250,000; higher offers considered • $100,000 bid security required; $200,000 earnest money & $25,000 option fee after award • 45‑day option period; closing follows escrow procedures • No warranties; buyer assumes all due‑diligence costs (survey, environmental, zoning, etc.) • Broker commission up to 1 % may be disclosed in the bid