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1600 LaSalle Dr
Sherman, TX 75090
Easton Parc Apartments · Multifamily Property For Sale
·
232 Units
Investment Highlights
- Assumable Debt with $11.3MM Loan Balance and Interest Only through November 1st, 2028
- $4.5MM in Improvement Upside - Renovating Units, Adding Carports, and Implementing a Bulk Cable Contract
- Less than a Mile from Sam’s Club, Walmart, Chick-fil-A, Interstate-75, Hwy-82, and The Sherman Town Center
- Washer and Dryer Connections in Every Unit
- $62,000+ Median Household Income - 5-Mile Radius (Yardi)
- All Classic Units
Executive Summary
Summary:
The Multifamily Group is proud to exclusively offer the Easton Parc Apartments, a rare investment opportunity
in Sherman, Texas. Built in 1985, the property features 232 units, averaging 725 square feet
with efficiencies up to two-bedroom/two-bathroom layouts, and is 80% occupied, with washer and dryer
connections included in every unit. There is also a storage unit included with every one and two bed-
room floorplan. The property has assumable debt with $11,300,000 remaining that is in the interest only
period through November 1st, 2028.
Value-Add Analysis:
Renovate all 232 classic units and increase the rents.
Install carports and charge tenants a monthly fee.
Add a bulk cable contract to the property.
Location:
Easton Parc is conveniently located less than a mile from the intersection of Interstate-75 and High-
way-82 in Sherman, just an hour north of Dallas, and approximately 15 minutes from Denison. Nearby
destinations include the Sherman Town Center, Canyon Creek Shopping Center, Midway Mall, and
Pecan Grove Park.
Just minutes from Easton Parc, residents have access to everyday conveniences including a Sam’s
Club, Walmart, Chick-Fil-A, Kroger, Texoma Plaza shopping center, and numerous dining and retail options.
The property is located within the Sherman Independent School District, with Piner Middle School
and Sherman High School both nearby. Healthcare services are also easily accessible, with Baylor Scott
& White Surgical Hospital located less than one mile from the property, and additional medical facilities
within close proximity.
Market Overview:
The Sherman–Denison area boasts a stable and expanding employment base, with top sectors in education
and health services. Denison is home to two regional medical centers: Wilson N. Jones Regional
Health System and Texoma Medical Center. In Sherman, major employers include Tyson Foods and
Texas Instruments (TI). The area is rapidly evolving into a hub for chip and semiconductor manufacturing,
fueled by the development of the 3,300-acre master-planned Progress Park. TI has already broken
ground on a $30 billion manufacturing campus, and GlobiTech recently invested $5 billion into a new
facility, which created ~1,500 new jobs. These developments are set to drive ongoing and future housing
demand in the region.
The Multifamily Group is proud to exclusively offer the Easton Parc Apartments, a rare investment opportunity
in Sherman, Texas. Built in 1985, the property features 232 units, averaging 725 square feet
with efficiencies up to two-bedroom/two-bathroom layouts, and is 80% occupied, with washer and dryer
connections included in every unit. There is also a storage unit included with every one and two bed-
room floorplan. The property has assumable debt with $11,300,000 remaining that is in the interest only
period through November 1st, 2028.
Value-Add Analysis:
Renovate all 232 classic units and increase the rents.
Install carports and charge tenants a monthly fee.
Add a bulk cable contract to the property.
Location:
Easton Parc is conveniently located less than a mile from the intersection of Interstate-75 and High-
way-82 in Sherman, just an hour north of Dallas, and approximately 15 minutes from Denison. Nearby
destinations include the Sherman Town Center, Canyon Creek Shopping Center, Midway Mall, and
Pecan Grove Park.
Just minutes from Easton Parc, residents have access to everyday conveniences including a Sam’s
Club, Walmart, Chick-Fil-A, Kroger, Texoma Plaza shopping center, and numerous dining and retail options.
The property is located within the Sherman Independent School District, with Piner Middle School
and Sherman High School both nearby. Healthcare services are also easily accessible, with Baylor Scott
& White Surgical Hospital located less than one mile from the property, and additional medical facilities
within close proximity.
Market Overview:
The Sherman–Denison area boasts a stable and expanding employment base, with top sectors in education
and health services. Denison is home to two regional medical centers: Wilson N. Jones Regional
Health System and Texoma Medical Center. In Sherman, major employers include Tyson Foods and
Texas Instruments (TI). The area is rapidly evolving into a hub for chip and semiconductor manufacturing,
fueled by the development of the 3,300-acre master-planned Progress Park. TI has already broken
ground on a $30 billion manufacturing campus, and GlobiTech recently invested $5 billion into a new
facility, which created ~1,500 new jobs. These developments are set to drive ongoing and future housing
demand in the region.
Property Facts
| Sale Type | Investment | Lot Size | 8.75 AC |
| No. Units | 232 | Building Size | 168,200 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1985/2013 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | None | ||
| Sale Type | Investment |
| No. Units | 232 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.75 AC |
| Building Size | 168,200 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built/Renovated | 1985/2013 |
| Opportunity Zone |
Yes |
| Zoning | None |
Property Taxes
| Parcel Number | 154934 | Improvements Assessment | $10,769,095 |
| Land Assessment | $1,391,198 | Total Assessment | $12,160,293 |
Property Taxes
Parcel Number
154934
Land Assessment
$1,391,198
Improvements Assessment
$10,769,095
Total Assessment
$12,160,293
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