Living / Multi-housing
Under Contract

Galatyn Station 2022

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

Executive Summarydownload
Galatyn Station 2022_Property for Sale

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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
283,577 sf
Land area Net
4.48 acres (195,149 sf)

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

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Last updated
Aug 11, 2022