john f. kennedy learning center confidential offering … · 2017. 4. 11. · park alex w. spence...
TRANSCRIPT
Garrett Park
Alex W. Spence Talented/Gifted
Academy
Cesar Chavez Learning Center
Dallas Can Academy
Wolford Park
Gre
en
ville A
ve
Lindell Ave
Maya Angelou High School
Monarch Park
John F. Kennedy Learning Center
EAST DALLAS LAND PORTFOLIO DALLAS, TEXAS
Exclusively Offered By:
Ty Underwood
214-520-8818 ext. 4
Fax: 214-520-8815
SLJ COMPANY, LLC 4311 W. Lovers Lane, Suite 200
Dallas, TX 75209
214-520-8818
CONFIDENTIAL OFFERING MEMORANDUM
RETAIL, OFFICE, MULTIFAMILY & MIXED-USE SITES
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#1 #2
#3 #5
#4
TABLE OF CONTENTS EAST DALLAS LAND PORTFOLIO | 1
DISCLAIMER & DISCLOSURE IV. 9
PROPERTY PROFILES III. 4
SITE LOCATIONS II. 3
EXECUTIVE SUMMARY I. 2
#5 4927 Gaston Ave. 8
#4 1524 - 1536 Holly Ave. 7
#3 4511 San Jacinto St. 6
#2 4521 San Jacinto St. 5
#1 4701 San Jacinto St. & 1612 Grigsby Ave. 4
EXECUTIVE SUMMARY & HIGHLIGHTS
EXECUTIVE SUMMARY
SLJ Company, LLC (“SLJ”) has been exclusively
retained to offer East Dallas Land Portfolio, a
collection of infill development sites in East
Dallas offered as a portfolio.
East Dallas Land Portfolio consists of five
development sites in the area of Dallas just east
of Uptown, north of Deep Ellum and south of
Knox/Henderson. This unique collection of prime
development sites offers an investor the
opportunity to acquire a critical mass of
properties in an area where it can be difficult to
find willing sellers. The Properties’ prime
locations offer the opportunity to participate in
the area’s transformation along with developers
such as Trammell Crow Residential, JLB Partners,
Alliance Residential, Columbia Pacific Advisors,
Zale Properties, Mill Creek Residential Trust
among others.
Overall East Dallas Land Portfolio offers an
investor the opportunity to secure prime
development sites in one of Dallas’ hottest
markets and participate in the transformation of
this infill neighborhood.
PROPERTY HIGHLIGHTS
EXCELLENT LOCATION These development sites are just minutes from Downtown
Dallas, Baylor University Medical Center, Deep Ellum and
Dallas’ Uptown neighborhood.
REDEVELOPMENT The area is quickly redeveloping with over 3,400 new
multifamily units in developments such as The Icon on Ross
and Alexan Arts, among others.
AREA AMENITIES Area amenities include the Dallas Museum of Art, Nasher
Sculpture Center, Klyde Warren Park, AT&T Preforming Arts
Center, Margot & Bill Winspear Opera House, Morton H.
Meyerson Symphony Center, among others
IMPROVING DEMOGRAPHICS As older properties are either demolished to make way for
new developments or significantly upgraded, there has been
a rapid shift in the residents of East Dallas to higher income
young professionals.
MANY AREA TRAFFIC DRIVERS Retailers in close proximity to the Property include Kroger,
Sam’s Club, CVS Pharmacy, Target, OfficeMax, Ross and
Starbucks, among many others.
EAST DALLAS LAND PORTFOLIO | 2
DALLAS CBD
Deep Ellum
Old East Dallas
Ce
da
r S
pri
ng
s R
d
Oak Lawn
Gre
en
ville A
ve
Lower Greenville
Knox / Henderson
Cityplace
Uptown
Bryan Place
Victory Park
Arts District
La Vista Dr
Sk
illma
n S
t
#5 4927 Gaston Ave.
#4 1524 - 1536 Holly Ave.
#3 4511 San Jacinto St.
#2 4521 San Jacinto St.
#1 4701 San Jacinto St. & 1612 Grigsby Ave.
#5
#4 #3
#2 #1
SITE LOCATIONS EAST DALLAS LAND PORTFOLIO | 3
SITE
4701 SAN JACINTO ST & GRIGSBY #1
ADDRESS 4701 San Jacinto St. & 1612 Grigsby Ave., Dallas, TX 75204
LOCATION The subject property is located at the northeast corner of San Jacinto St. and Grigsby
Ave., between Annex Ave. and N Prairie Ave., in Dallas, Texas.
LAND AREA 0.323 Acres (14,077.93 Square Feet) *No minerals are included in the proposed
transaction
LOT DIMENSIONS Frontage on San Jacinto St. Approximately 55 feet
Frontage on Grigsby Ave. Approximately 200 feet
Depth Approximately 110 feet
ZONING Multifamily District (MF-2 (A))
Primary Uses Multifamily, duplex and single family
RADIUS 1 MILE 3 MILE 5 MILE
2015 Population 32,855 185,535 376,553
2015 Avg. HH Income $67,281 $93,831 $88,219
2015 Daytime Population 30,945 373,746 653,475
DEMOGRAPHICS
EAST DALLAS LAND PORTFOLIO | 4
SITE
ADDRESS 4521 San Jacinto St., Dallas, TX 75204
LOCATION The subject property is located on San Jacinto St., between N Carroll Ave. and Annex
Ave., in Dallas, Texas.
LAND AREA 0.189 Acres (8,255 Square Feet) *No minerals are included in the proposed
transaction
LOT DIMENSIONS Frontage on San Jacinto St. Approximately 65 feet
Depth Approximately 140 feet
ZONING PD 298 (Subarea 4)
Primary Uses Mixed use, multifamily, retail, restaurant,
office and hotel uses
TRAFFIC COUNTS Ross Ave. 23,457 VPD (2012)
N Carroll Ave. 6,132 VPD (2012)
RADIUS 1 MILE 3 MILE 5 MILE
2015 Population 31,769 184,805 365,134
2015 Avg. HH Income $65,073 $93,068 $88,756
2015 Daytime Population 30,314 369,927 621,798
DEMOGRAPHICS
4521 SAN JACINTO ST #2 EAST DALLAS LAND PORTFOLIO | 5
SITE
4511 SAN JACINTO ST #3
ADDRESS 4511 San Jacinto St., Dallas, TX 75204
LOCATION The subject property is located on San Jacinto St., between N Carroll Ave. and Annex
Ave., in Dallas, Texas.
LAND AREA 0.165 Acres (7,225 Square Feet) *No minerals are included in the proposed
transaction
LOT DIMENSIONS Frontage on San Jacinto St. Approximately 50 feet
Depth Approximately 144 feet
ZONING PD 298 (Subarea 4)
Primary Uses Mixed use, multifamily, retail, restaurant,
office and hotel uses
TRAFFIC COUNTS Ross Ave. 23,457 VPD (2012)
N Carroll Ave. 6,132 VPD (2012)
RADIUS 1 MILE 3 MILE 5 MILE
2015 Population 31,769 186,379 366,573
2015 Avg. HH Income $65,073 $93,605 $88,967
2015 Daytime Population 30,314 370,726 635,292
DEMOGRAPHICS
EAST DALLAS LAND PORTFOLIO | 6
SITE
1524 - 1536 HOLLY AVE #4
ADDRESS 1524-1536 Holly Ave., Dallas, TX 75204
LOCATION The subject property is located at the corner of Holly Ave. and San Jacinto St.,
between Ross Ave. and Live Oak St., in Dallas, Texas.
LAND AREA 0.323 Acres (14,079.45 Square Feet) *No minerals are included in the proposed
transaction
LOT DIMENSIONS Frontage on Holly Ave. Approximately 170 feet
Frontage on San Jacinto St. Approximately 84 feet
ZONING Multifamily District (MF-2 (A))
Primary Uses Multifamily, duplex and single family
RADIUS 1 MILE 3 MILE 5 MILE
2015 Population 31,769 185,414 366,867
2015 Avg. HH Income $65,073 $93,657 $88,581
2015 Daytime Population 30,314 370,437 624,272
DEMOGRAPHICS
EAST DALLAS LAND PORTFOLIO | 7
SITE
ADDRESS 4927 Gaston Ave., Dallas, TX 75214
LOCATION The subject property is located on Gaston Ave., between N Fitzhugh Ave. and N
Munger Blvd., in Dallas, Texas.
LAND AREA 0.498 Acres (21,706 Square Feet) *No minerals are included in the proposed sale of
the Property
LOT DIMENSIONS Frontage on Gaston Ave. Approximately 90 feet
Depth Approximately 241 feet
ZONING PD 99 (Area I)
Primary Uses Multifamily, Duplex and Single Family uses
TRAFFIC COUNTS Gaston Ave. 18,600 VPD (2012)
N Fitzhugh Ave. 7,309 VPD (2012)
N Munger Blvd. 17,110 VPD (2012)
RADIUS 1 MILE 3 MILE 5 MILE
2015 Population 31,262 164,364 376,459
2015 Avg. HH Income $62,954 $90,827 $87,116
2015 Daytime Population 25,741 303,998 580,221
DEMOGRAPHICS
4927 GASTON AVE #5 EAST DALLAS LAND PORTFOLIO | 8
The material contained in this Memorandum is
confidential, furnished solely for the purpose of
considering an investment in the properties
described herein, and is not to be used for any
other purpose, or made available to any other
person without the express written consent of the
SLJ Company, LLC. The material is based, in part,
upon information obtained from third party
sources, which SLJ Company, LLC deems to be
reliable. However, no warranty or representation
is made by SLJ Company, LLC or its affiliates,
agents, or representations as to the accuracy or
completeness of the information contained herein.
Prospective investors should make their own
investigations, projections, and conclusions
regarding this investment.
DISCLAIMER & DISCLOSURE EAST DALLAS LAND PORTFOLIO | 9