Multi-Housing

5 Mockingbird Apartments

5555 E Mockingbird Ln Dallas, Texas United States 75206

Asking Price Contact for pricing

N/A

NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

N/A

NOI Net Operating Income N/A

Cap Rate N/A

Documents

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Attributes

Year Built

2001

Property Description

Completed in 1998, 5 Mockingbird is a Class “A” community that presents the rare opportunity to acquire a core, trophy property in a second-to-none location. The Property is in excellent physical condition as current ownership has invested nearly $10 million of capital into the asset including unit upgrades with granite countertops, stainless steel appliances, faux wood floors, subway tile backsplash, new cabinets, modern lighting package, brushed nickel fixtures, and upgraded lighting and hardware.

Investment Highlights

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 5 Mockingbird (the “Property”) in Dallas, TX. Completed in 1998, the 449-unit community is located along Mockingbird Lane and two blocks east of US-75., the primary thoroughfare that connects the Dallas CBD and Uptown Dallas. The Property’s irreplaceable location offers a true Live / Work / Play environment as it is within walking distance of numerous restaurants, bars, entertainment venues, and economic activity in Dallas. This urban setting helps the Property attain a “Walk Score” of 89. Furthermore, 5 Mockingbird represents an opportunity to acquire a recently renovated, high-quality asset that is below replacement cost in one of Dallas’ most desirable areas.

Last Updated Date: 11 Sep 2020

Roberto Casas

Senior Managing Director, Multi-Housing Group Leader

License details

TX-0512740

+902129008658

Bill Miller

Senior Managing Director, Multi-housing Group Leader

License details

AL-000066273 TX-0469707

+902129008658

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Last Updated Date: 11 Sep 2020