Multifamily
Park Place
1420 Park Pl, Sherman, TX 75092
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Park Place, a 21-unit Class-A community built in 2020 in Sherman, Texas. The property features premium interior finish-out, a highly desirable 100% two-bedroom unit mix, and consistently strong occupancy. Investors can capitalize on immediate upside through the addition of reserved and covered parking options, while benefiting from exceptional long-term demand fueled by Sherman’s transformational $30 billion Texas Instruments semiconductor campus. Positioned along the fast-growing U.S. 75 North Dallas corridor, Park Place offers stable performance with meaningful value-add potential.
Listing Price: Request For Offer
Investment Highlights
- Premium 2BR interiors with Class-A finish-out support higher rent thresholds
- Add reserved/covered parking to generate reliable ancillary revenue
- Adjacent to TI's $30B semiconductor campus, creating long-term housing demand
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Park Place, a 21-unit Class-A community built in 2020 in Sherman, Texas. The property features premium interior finish-out, a highly desirable 100% two-bedroom unit mix, and consistently strong occupancy. Investors can capitalize on immediate upside through the addition of reserved and covered parking options, while benefiting from exceptional long-term demand fueled by Sherman’s transformational $30 billion Texas Instruments semiconductor campus. Positioned along the fast-growing U.S. 75 North Dallas corridor, Park Place offers stable performance with meaningful value-add potential.
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