Tower 22 District Apartment Site

Tower 22 District Apartment Site is a 33,000 SF infill asset with significant value add opportunity located just off the Santa Fe Trail east of Deep Ellum entertainment and office district in Dallas, Texas. Positioned just off Main Street totaling +/- 1.41 acres of land, the Property is just minutes from Downtown Dallas on Main Street & South Haskell Avenue. The Property is currently leased to a single tenant with rent of $6.08 PSF NN, below market for an infill urban Dallas single tenant warehouse. Short term tenancy with a long term tenant allows for potential of income stream while planning. Recent retail leasing activity moments away has demonstrated rents from $26.00 - $29.50 PSF NNN for recently renovated spaces. The Property benefits from an exceptional location, adjacent to Deep Ellum neighborhood, and exposure to over 26,000 vehicles per day at the adjacent Main Street and Haskell signalized intersection. The Property is priced significantly below replacement cost at just $6.08 PSF to the building.