4115 gilbert avenue - loopnet · > resume and/or business letter indicating recent or current...

4115 GILBERT AVENUE

OFFERING MEMORANDUM

COLLIERS INTERNATIONALALLEN MULTIFAMILY TEAM

Dallas, TX 75219

PROSPECTIVE INVESTORS WISHING TO MAKE AN OFFER ARE REQUESTED TO SUBMIT:

> Letter of Intent

> Resume and/or business letter indicating recent or current assets owned

> Transaction references

> Banking references

> Source of equity for acquisition

INTEREST OFFERED One hundred percent fee simple interest in 4115 Gilbert Avenue, Dallas, TX 75219, a vacant 3,952 square foot multifamily asset sitting on 0.18 acres.

TERMS

4115 Gilbert Avenue is being offered as an all cash transaction.

PROPERTY TOURS

Prospective investors are encouraged to visit the subject property prior to submitting an offer. All property showing are by appointment only. Please contact your Colliers International agent for more details.

SALE CONDITIONS

Interested prospective investors should be aware that the owner of the property is selling the property in an as is, where is condition with all faults, if any, and without representations or warranties of any kind or nature, expressed or implied, written or oral.

OFFER DUE DATE

The owner of 4115 Gilbert Avenue has requested that all offers be submitted. The call for offers date has yet to be determined.

COMMUNICATIONS

All communications, inquiries and requests, including property tours, should be addressed to the list agents.

Primary Listing Agents

Mark Allen, CCIMSenior Vice President972 759 7835 [email protected]

Madeleine Aufricht Associate214 706 [email protected]

COLLIERS INTERNATIONAL | OFFERING MEMORANDUM P. 3

OFFERING PROCEDURES

The Allen Multifamily Team at Colliers International is pleased to present the Oak Lawn Covered Land Play located at 4115 Gilbert Ave. Dallas, TX 75219. The asset is in walking distance to restaurants, various retailers, Turtle Creek Park, and Parkland Hospital with easy access to Dallas North Tollway and US 75.

The rare parcel has 7,999 square feet with MF-2 zoning. Located in the highly coveted Oak Lawn area, the seller was previously operating as an 8-unit dwelling. The existing structure can possibly be upgraded, repurposed, or demolished. Any plans will have to be approved by the City of Dallas.

According to a recent study by the Hoyt Advisory Study, which was commissioned by the National Apartment Association and the National Multifamily Housing Council, the Dallas-Fort Worth area needs to build 19,000 apartments annually to keep up with demand. As a whole, DFW’s apartment market experienced rental rate growth of 4.4% over the past 12 months, according to ApartmentData.com.

Area multifamily assets developed between 2015-Present are achieving effective rents as high as $2.76 per square foot and average effective rents at $2.10. This delta in effective rents can be attributed to the asset’s amenities. Area land transactions are trading as high as $372 per square foot with an average of $252 per square foot.

Investors that desire multifamily assets in premiere locations should strongly consider the Oak Lawn Covered Land Play.


THE OFFERING | OFFERING SUMMARY

HOLLAND AVE

P. 12 COLLIERS INTERNATIONAL | OFFERING MEMORANDUM

THE OFFERING | INVESTMENT HIGHLIGHTS

Multifamily ZoningMF-2

New Units or Redevelop Existing

ABILITY TO DEVELOP

LOCATION, LOCATION, LOCATIONOAK L AWN AREA MULT IFAMILY OPPORTUNITY

HIGHLY DESIRED

HISTORICAPPRECIATION & DEMAND

NEARBY TURTLE CREEK PARK, RETAILERS, OAK L AWN & LEMMON AVE

AVONDALE AVE

GILBERT AVE

HOLLAND AVEKNIGHT S

T


THE OFFERING | SITE PLAN


THE OFFERING | UNIT PHOTOS

PLAZA ON OAK LAWN

WEST VILLAGE

HIGHLAND PARK VILLAGE

EQUINOX HIGHLAND PARK

COLE PARK

TURTLE CREEK PARK

LAKESIDE PARK

CRADDOCK PARK

PRATHER PARK

EDDIE V’S PRIME SEAFOOD

TAVERNAAL BIERNAT’SWHOLE FOODS

MARKET

BOB’S STEAK & CHOP HOUSE

JAVIER’S GOURMET MEXICANO

4115 GILBERT AVENUE

P. 16 COLLIERS INTERNATIONAL | OFFERING MEMORANDUM

THE OFFERING | LOCATION AERIAL

N

COLLIERS INTERNATIONAL 1717 McKinney Ave, Suite 900

Dallas, TX 75202colliers.com

ALLEN MULTIFAMILY TEAM

MARK ALLEN, CCIMSenior Vice President

972 759 [email protected]

COURTLAND CHARLESAssociate


AMAR HAYER, MBAAssociate


SCOTT SMITHAssociate


MADELEINE AUFRICHT Associate


ABIGAIL PERRINIFinancial Analyst


4115 gilbert avenue - loopnet · > resume and/or business letter indicating recent or current...

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