Documents
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Attributes
Year Built | 2020 |
Building Area Net |
|
Number of units | 299 |
Occupancy | 98.0 % |
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 Gray Branch (the “Property”), a luxurious Class A asset located in McKinney, TX. Situated in one of the fastest growing and most desirable submarkets, the 300-unit Property was built in 2020 and is strategically located just south of SH-380 and less than four miles west of US-75, which provides an exceptional flow of traffic to the asset. This premier site offers residents immediate access to an abundance of neighboring retail and employment centers including Baylor Scott & White Medical Center McKinney, Raytheon, and Legacy West.
Investment Highlights
- Trophy asset with market-leading amenities
- Light value-add opportunity on new construction
- Tremendous lease trade outs with ability to increase rents