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Elm Street Portfolio 2 Properties Offered at $6,705,000 in Dallas, TX
INVESTMENT HIGHLIGHTS
- 29,353 SF Urban Infill Retail Value Add Redevelopment Opportunity with In Place Cash Flow & Santa Fe Trail Walking Distance in Dallas, TX
- Total Land Size of 1.80 Acres
- Priced Below Replacement Cost at $228.43 PSF
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $6,705,000 | Number of Properties | 2 |
| Price / SF | $831.47 / SF | Individually For Sale | 0 |
| Cap Rate | 5.25% | Total Building Size | 8,064 SF |
| Sale Type | Investment | Total Land Area | 0.26 AC |
| Status | Active |
| Price | $6,705,000 |
| Price / SF | $831.47 / SF |
| Cap Rate | 5.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,064 SF |
| Total Land Area | 0.26 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 4312 Elm St, Dallas, TX 75226 | Office | 4,764 SF | 1918 | - |
| 4314-4316 Elm St, Dallas, TX 75226 | Retail | 3,300 SF | 1918 | - |
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