Sheridan Park at Spring Creek_Property for Sale
Sheridan Park at Spring Creek_Property for Sale
East Spring Creek Parkway 2001, Plano, TX, 75074, US

Sheridan Park at Spring Creek

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 Sheridan Park at Spring Creek Apartments (the “Property”) , a 300-unit asset with value-add potential located in Plano, Texas. Built in 1997, the Property is situated less than one mile from North Central Expressway, offering residents immediate access to an abundance of neighboring retail and employment centers including Downtown Plano, Watters Creek, and CityLine. In addition, the Property is situated within the highly-regarded Plano Independent School District, which ranks in the top 3% of school districts in both Texas and the Nation. Sheridan Park represents an opportunity to acquire a high-quality, value-add asset significantly below replacement cost in one of the most desirable Dallas/Fort Worth suburbs.

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Attributes

Number of units
300 units
Occupancy
94.7%
Year built
1997
Building area net
295,008 sf
Land area gross
18 sf

Media

Investment Highlights

  • Unique value-add opportunity
  • Significant discount to replacement cost with high barriers to entry
  • Strong surrounding demographics and school district
  • Exceptional accessibility to employment & entertainment centers
Sheridan Park at Spring Creek 4_Property for Sale
Sheridan Park at Spring Creek 4_Property for Sale

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Sheridan Park at Spring Creek (0 Properties)

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Last updated
17 Apr 2024