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

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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.

Attributes

Year Built 2009
Building Area
Number of units 342

Property Description

Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Lofts at Watters Creek (the “Property”), a 342-unit institutional legacy asset in Allen, Texas. Positioned along US-75, The Property is in the heart of the Watters Creek at Montgomery Farms mixed-use development, which is home to over 360,000 square feet of retail and 100,000 square feet of office.

The location is bolstered by the thriving Allen office market while remaining minutes from several major employment centers. Built in 2009 and 2016, Lofts at Watters Creek remains 95% occupied, while offering complete operational flexibility for a future investor to expand and implement an interior renovation program in an irreplaceable location at a basis significantly below replacement cost.

Investment Highlights

·      Unique value-add opportunity

·      Top tier school system with desirable surrounding demographics

·      Strong employment base within the growing Allen office market

·      Desirable mixed-use location within Watters Creek at Montgomery Farms

Last Updated Date: 27 Jan 2021
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: 27 Jan 2021

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