Elm Street Portfolio FOR SALE


Dallas, TX - Old East Dallas
$6,705,000 USD
214-960-2887
, Dallas, TX for Sale
$6,705,000 USD
FOR SALE
1/5
null | 5.25% Cap Rate

Elm Street Portfolio
Dallas, TX
Old East Dallas


HIGHLIGHTS

  • 29,353 SF Urban Infill Retail Value Add Redevelopment Opportunity with In Place Cash Flow & Santa Fe Trail Walking Distance in Dallas, TX
  • Priced Below Replacement Cost at $228.43 PSF
  • Total Land Size of 1.80 Acres

OVERVIEW

SHOP Investment Sales has been exclusively retained to offer the opportunity to acquire 9302 Peak Street and 4312, 4314, 4316, 4404, 4404, 4411, 4412, & 4420 Elm Street, Dallas, TX (the “Property”), an infill value add asset with compelling upside potential just off the Main Street corridor and adjacent to Deep Ellum in Dallas, TX. The Property is 78.99% leased on a short term basis with net effective rent of $11.99 PSF, which is below market as demonstrated by submarket leasing activity and comps moments away. The Property benefits from its location within a dense submarket with a total population exceeding 386,600 in a five-mile radius.

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-960-2887

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Tommy TuckerSHOP CompaniesMore Info
214-960-2887

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