Davidson & Bogel Real Estate LLC, as exclusive advisor, is pleased to present to qualified investors the once-in-a-generation opportunity to purchase the Hall Familys Core Opp Zone Portfolio (the Offering), located in the heart of Dallass urban core, adjacent to the historic Fair Park grounds. Totaling 11.47 AC and owned by a single owner, the Portfolio is the largest compilation of infill assets within Dallass coveted urban core in the market today. The Offering provides new Ownership a level of scale not often seen, as well as, the rare ability to acquire a blend of cash-flowing and covered properties, in addition to land sites ready for immediate development. Consisting of 149,926 square feet of improvements and 8.21 acres of land, new Ownership will enjoy a terrific revenue stream with upside potential from the Offerings various income producing components, most notably the parking revenue, 72,467 SF industrial building and the 3221 Flats Apartments a 38-unit multi-family asset built in 2016. Furthermore, with over 8.21 AC of land for immediate development at Purchasers disposal, the Offering is not only ideal for developers and commercial investors of all product types, but perfect for existing and new Opportunity Zone tax-credit investors.
Due to its strategic infill location, proximity to major employment hubs and traffic generators, the Offering is uniquely positioned to take advantage of everything the rapidly expanding and gentrifying Fair Park market has to offer. Each Property enjoys ease of access to I-30, I-45 and Central Expressway, connecting the entire Portfolio to Downtown Dallas and all other markets within the DFW Metroplex. With a vast majority of the Offering being covered by a diversified revenue stream (without long-term leases encumbering the land), new Ownership benefits from an increased level of flexibility in maximizing future development plans and taking full advantage of the Offerings infill positioning within a high-growth / high-barrier Opportunity Zone market. Most importantly, with the citys approval of the new $85+ million Fair Park Master Plan and the continued investment from public and private partnerships / investors, the economic engine of the Fair Park area will continue to churn for years to com
Listing Agent:
Cameron Deptula
C: (214) 497-0276