Living / Multi-housing
Under Contract

Galatyn Station 2022

2301 Performance Dr, Richardson, TX, 75082-4536, US

BrochureDownload
Galatyn Station 2022_Property for Sale

Gallery

Galatyn Station 2022 2_Property for Sale

Asset 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 Galatyn Station (the “Property”), a 285-unit, Class A asset located in Richardson, Texas. Built in 2008, the Property provides an opportunity for a future investor to further enhance unit interiors and common areas to capture top of the market rents. Positioned adjacent to US-75 and the Galatyn Park Dart Station, the Property provides residents access to major employment centers including the Telecom Corridor and the CityLine mixed-use development, which is home to over 90,000 employees. Galatyn Station has also achieved significant rental increases of 17.4% on new leases and 11.5% increase on renewals since July 2021.


Attributes

Number of units
285 units
Year built
2008
Building area Net
26,345 m²
Land area Net
0.02 km² (18,130 m²)

Investment Highlights

  • Value-Add Opportunity with strong lease trade-outs
  • Transit-oriented development with excellent accessibility
  • Strong employment base within the telecom corridor
Galatyn Station 2022 4_Property for Sale
Galatyn Station 2022 4_Property for Sale

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
30 Nov 2022