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Prestonwood Court Aerial View

Situated in one of the most desirable trade areas in Dallas, Texas, Prestonwood Court is a 52,941 SF class A two (2) building multi-tenant retail portfolio. It is located in the highly sought-after infill Addison submarket. The value-add needs included fixing title irregularities prior to closing and then subsequent interior and exterior improvements. The asset was acquired at a substantial discount to replacement cost. The current occupancy is 88.7 percent and the asset will be held for cash flow until 95 percent occupancy is attained likely to occur in Q4, 2019 or Q1, 2020.

Location

Prestonwood Court

Dallas, TX

Retail | Unrealized

Asset Summary

Acquisition Date:
Q1 2017
Size:
50,941 SQ FT
Property Type:
Retail
Deal Profile:
Fund II, Acquisition
Investment Profile:
Value-Add
Deal Source:
Off Market