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1310 Marketplace Dr
Garland, TX 75041
La Quinta Inn & Suites Dallas/Garland · Hospitality Property For Sale
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39,831 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Year Built | 2017 | |
| Building Class | B | Parking Ratio | 3.37/1,000 SF |
| Lot Size | 1.38 AC | Corridor | Interior |
| Building Size | 39,831 SF | ||
| Zoning | Z239 | ||
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | B |
| Lot Size | 1.38 AC |
| Building Size | 39,831 SF |
| No. Stories | 3 |
| Year Built | 2017 |
| Parking Ratio | 3.37/1,000 SF |
| Corridor | Interior |
| Zoning | Z239 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 1310 MARKETPLACE DR , GARLAND, TX 75041
The La Quinta Inn & Suites Dallas Northeast-Arboretum is a brand new construction that opened on December 24th, 2017. The property is currently operating as a LaQuinta Inn & Suites and is in ramp up stage. The property is projected to have an annual projected revenue of $1,625,000 to $1,700,000 for its first year and then increase by 10% in second year. The projected NOI for first year is $685,000 which is after taking a 3% management fee into consideration. Subject property is ramping up very strongly compared to its compset. La Quinta Inn & Suites is located in Northeast Dallas and has easy access to many attractions for business and leisure travelers. Property is surrounded by major restaurants and retailers like McDonalds, Starbucks, Applebee's, LA Fitness, 24 Hours IHOP, Jack in the Box, Ross, Wells Fargo, Chase Bank and several others which are accessible with in walk in distance from La Quinta. Area attractions includes The Dallas Arboretum Botanical Garden and White Rock Lake are minutes away. Enjoy the many restaurants within walking distance from hotel. It is conveniently located right off the major highway of 635;which also is close to the intersection of other major highway of I-30 providing easy access to downtown Dallas, travellers coming from Tyler, Longview, Texarkana, Forney and all the way from and to Little Rock Arkansas and Shreveport Louisiana.
PROPERTY TAXES
| Parcel Number | 264509000A2AR4000 | Improvements Assessment | $5,719,740 |
| Land Assessment | $601,990 | Total Assessment | $6,321,730 |
PROPERTY TAXES
