Multi-housing / PRS

Gables Uptown Tower

3227 McKinney Ave Dallas, Texas United States 75204
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 1988
Building Area

Property Description

Gables Uptown Tower is a 196-unit value-add high-rise in the heart of Uptown Dallas. Built in 1986, the Property was the first multifamily high-rise completed in Uptown and currently offers the same original finishes, providing operational flexibility for new ownership to implement an interior value-add program. Gables Uptown Tower also benefits from a desirable mix of ground-floor retail, which is further supported by the location’s “Very Walkable” walk score of 88.

Investment Highlights

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in GABLES UPTOWN TOWER (the “Property”), a 196-unit value-add high-rise in the heart of Uptown Dallas. Built in 1986, the Property was the first multifamily high-rise completed in Uptown and currently offers the same original finishes, providing operational flexibility for new ownership to implement an interior value-add program. Gables Uptown Tower also benefits from a desirable mix of ground-floor retail, which is further supported by the location’s “Very Walkable” walk score of 88. This unique opportunity allows a potential owner to invest in an irreplaceable location at a basis well below replacement cost and recognize immediately enhanced yield through a unit interior upgrade program.
Last Updated Date: 21 Oct 2020
Roberto Casas
Roberto Casas
Senior Managing Director, Multi-Housing Group Leader
License details
TX-0512740
Bill Miller
Bill Miller
Senior Managing Director, Multi-housing Group Leader
License details
AL-000066273 TX-0469707

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Last Updated Date: 21 Oct 2020

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