West Dallas Value Add
West Dallas Value Add is a 5,278 square foot all masonry building (vacant) with compelling upside potential in the thriving West Dallas trade area off Interstate 30 in Dallas, Texas. Situated in an urban infill location just 5 minutes west of Downtown Dallas, the Property is within walking distance to over 2,700 existing or under construction apartment units, as well as numerous high-profile developments including Sylvan Thirty, Trinity Groves and throughout the Bishop Arts District. The Property is priced well below replacement cost at just $170.52 PSF to the building moments from the Bishop Arts District, a vibrant live-work-play neighborhood home to over 60 boutique shops, restaurants and entertainment venues. Pro forma estimates contemplate achieving a 12.32% cap rate at list price by renovating the existing building and leasing up at $21.00 PSF NNN.*
*Please see pages 22 and 23 of the offering memorandum for underwriting details and assumptions.