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

Attributes

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: 10 Sep 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: 10 Sep 2020

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