817-932-6100
1420 Park Pl, Sherman, TX for Sale
Apartments - FOR SALE
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1420 Park Pl
Sherman, TX 75092


HIGHLIGHTS

  • Premium 2BR interiors with Class-A finish-out support higher rent thresholds
  • Add reserved/covered parking to generate reliable ancillary revenue
  • Adjacent to TI’s $30B semiconductor campus, creating long-term housing demand

OVERVIEW

Marcus & Millichap is pleased to present the exclusive listing of Park Place, a 21-unit Class-A community built in 2020 in Sherman, Texas. The property features premium interior finish-out, a highly desirable 100% two-bedroom unit mix, and consistently strong occupancy. Investors can capitalize on immediate upside through the addition of reserved and covered parking options, while benefiting from exceptional long-term demand fueled by Sherman’s transformational $30 billion Texas Instruments semiconductor campus. Positioned along the fast-growing U.S. 75 North Dallas corridor, Park Place offers stable performance with meaningful value-add potential. Contact Alex Clark at (972) 755-5288 for More Information

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

21

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

Commercial

APN/PARCEL ID

388988

ASK ABOUT THIS PROPERTY

Mark McCoyMarcus & MillichapMore Info
817-932-6100

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Mark McCoyMarcus & MillichapMore Info
817-932-6100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.