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Lakewood Greens & Tenison at White Rock

7150 E Grand Ave Dallas, Texas United States 75223-1000
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 1985
Building Area
Land Area ()
Number of units 504

Property Description

AMENITY ENHANCEMENTS IN A HIGH BARRIER TO ENTRY SUBMARKET - Positioned in Lakewood adjacent to White Rock Lake, the Properties are in one of the most coveted neighborhoods in Dallas. The offering includes an adjacent vacant parcel at the entrance to Lakewood Greens, which provides new ownership the rare opportunity to construct a new state-of-the-art leasing center with visibility on Grand Avenue. This new leasing center will service both properties, allowing for excellent visibility and the ability to convert the existing leasing centers to generational-type amenities at each property. Additionally, it has been difficult to develop in this neighborhood as evidenced by the five-year average annual deliveries of only 119 units a year and high land costs that prohibit the development of similar garden-style product today.

Investment Highlights

Property Description - Lakewood Greens

Address: 7150 E Grand Ave, Dallas, TX 75223

Year Built: 1986

Total Units: 252

Average Unit Size: 739 SF

Rentable SF: 186,252

Number of Buildings: 10 Two Story Buildings 

& 8 Three Story Buildings

Number of Stories: 2/3 Stories

Parcel Size: 9.636 Acres

Density: 26.15 Units/Acre


Property Description - Tenison at White Rock

Address: 7440 La Vista Dr, Dallas, TX 75214

Year Built: 1985

Total Units: 252

Average Unit Size: 695 SF

Rentable SF: 175,361 

Number of Buildings: 12 Buildings 

Number of Stories: 3 Stories 

Parcel Size: 6.788 Acres

Density: 37 Units/Acre

Last Updated Date: 03 May 2021
Rob Key
Rob Key
Managing Director, Capital Markets
License details
TX-509191
David Austin
David Austin
Senior Director, Capital Markets
License details
652736

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Last Updated Date: 03 May 2021

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