Overview
Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire Uptown Village (the “Property”). The Class A, mixed-use development seamlessly blends retail, medical, office and executive office spaces. Offering strong in-place cash flows that are secured by a diverse tenant mix, the Building has further upside through leasing in a competitive market with limited supply.
Originally built in 2009, the Property is the only Class A asset in the submarket. Located in the master planned Hillside Village, the Property is surrounded bynotable retail and multi-family developments and benefits from strong area demographics and market leading quality. Proximate to restaurants, shopping destinations and an abundance of affluent rooftops, Uptown Village is diversified mixed-use asset with significant in-place cash flow.
81% leased, the building offers sizeable in-place income and an appealing going in return. Home to a diverse mix of long term tenants, the building’s cash flows are secured by a WALT of nearly 5-years and anchored by retail and medical
tenants.
The building’s vacancy is demised into small suites that are ideally suited to the submarket. The remaining leasing feels like low hanging fruit for an engaged ownership and a direct path to increased returns.
Available at a fraction of replacement cost, Uptown Village represents a compelling opportunity to acquire a mixed-use asset with established income and the upside of small tenant leasing in a thriving live-work-play environment.
Originally built in 2009, the Property is the only Class A asset in the submarket. Located in the master planned Hillside Village, the Property is surrounded bynotable retail and multi-family developments and benefits from strong area demographics and market leading quality. Proximate to restaurants, shopping destinations and an abundance of affluent rooftops, Uptown Village is diversified mixed-use asset with significant in-place cash flow.
81% leased, the building offers sizeable in-place income and an appealing going in return. Home to a diverse mix of long term tenants, the building’s cash flows are secured by a WALT of nearly 5-years and anchored by retail and medical
tenants.
The building’s vacancy is demised into small suites that are ideally suited to the submarket. The remaining leasing feels like low hanging fruit for an engaged ownership and a direct path to increased returns.
Available at a fraction of replacement cost, Uptown Village represents a compelling opportunity to acquire a mixed-use asset with established income and the upside of small tenant leasing in a thriving live-work-play environment.
Key Facts
Immediate upside through small tenant leasing of the existing vacancy
Dynamic location amongst and array of retail and residential developments
Strong in-place cash flow from diverse established tenants
Shallow bay depths that are ideal for small tenant suites
Extensive renovations. $3M invested since the start of 2014
Outstanding access to area transportation networks via SH-67
Long run optionality of 3.7 acres with growing demand
Benefited by Dallas/Fort Worth's status as a top U.S. marketplace with a diversified
Economy, nation leading population and job growth
Discount to replacement cost of approximately $400/SF
