Urban-High Street

Peak & Elm Portfolio

4420 Elm St, Dallas, TX 75226

Listing Price: Request For Offer

Gross SF
22,863
Rentable SF
22,863
Lot Size
1.72 acres

Investment Overview

Marcus & Millichap is pleased to present Peak & Elm Portfolio, a collection of retail, office, and studio space located along Elm Street, connecting Peak Avenue and North Carroll Avenue, in Old East Dallas, Texas. The subject property is located in a high density infill corridor, within close proximity to Baylor Medical Center, including the new $70 Million, 300,000-square foot office development project. In addition, the subject property is just a few blocks East of Dallas' most popular urban submarket, Deep Ellum. Peak & Elm Portfolio features 22,863 rentable square feet, which is currently 75.06 percent occupied with retail and creative office tenants. The subject property is situated on over 1.72 acres of land, featuring one paved parking lot and two additional parcels of land for more parking or building area.

Old East Dallas is currently viewed by many investors as the next big boom submarket in Dallas/Fort Worth. Developers are aggressively targeting this market with an influx of multi-family, office, and retail developments to support the growing demand and number of new residents. With lower rents and overall development costs than Uptown and the accessibility to Downtown along with major freeways, what was once an outskirt of the city is now main-and-main. The ease and access to recent transportation technology has cut down commuting time and costs, giving residents more freedom and options.

Overall, Peak & Elm Portfolio allows a new investor the opportunity to acquire a substantial portion of the rapidly transitioning market of Old East Dallas, with the potential to be strongly positioned to capture the rising rents and property values in this immediate market. With thousands of new units of Class-A multifamily and newly constructed town-homes in the surrounding market, there is a stronger shift in the demographics and household average income. This shift in demographics assists in driving the demand for new retail tenants and office space to service the community. Currently, there are over 380,000 residents within a five-mile radius of the subject property and an average household income of over $109,000 within a three-mile radius.

Investment Highlights

  • Prime Urban Infill Redevelopment Opportunity | Old East Dallas Submarket
  • 23,862-Square Feet of Retail & Creative Office | 75.06% Occupied
  • Situated Across 1.72-Acres | Includes Surface Parking Lot & Two Land Parcels
  • Proximate to Baylor Medical Center & Deep Ellum Neighborhood
  • Average HH Income Exceeds $109,000 within 3-Mile Radius
  • Approximately 1.7-Miles to Downtown Dallas

Exclusively Listed By

Financing By

Urban-High Street

Peak & Elm Portfolio

Listing Price: Request For Offer

Gross SF
22,863
Rentable SF
22,863
Lot Size
1.72 acres

Investment Highlights

  • Prime Urban Infill Redevelopment Opportunity | Old East Dallas Submarket
  • 23,862-Square Feet of Retail & Creative Office | 75.06% Occupied
  • Situated Across 1.72-Acres | Includes Surface Parking Lot & Two Land Parcels
  • Proximate to Baylor Medical Center & Deep Ellum Neighborhood
  • Average HH Income Exceeds $109,000 within 3-Mile Radius
  • Approximately 1.7-Miles to Downtown Dallas

Investment Overview

Marcus & Millichap is pleased to present Peak & Elm Portfolio, a collection of retail, office, and studio space located along Elm Street, connecting Peak Avenue and North Carroll Avenue, in Old East Dallas, Texas. The subject property is located in a high density infill corridor, within close proximity to Baylor Medical Center, including the new $70 Million, 300,000-square foot office development project. In addition, the subject property is just a few blocks East of Dallas' most popular urban submarket, Deep Ellum. Peak & Elm Portfolio features 22,863 rentable square feet, which is currently 75.06 percent occupied with retail and creative office tenants. The subject property is situated on over 1.72 acres of land, featuring one paved parking lot and two additional parcels of land for more parking or building area.

Old East Dallas is currently viewed by many investors as the next big boom submarket in Dallas/Fort Worth. Developers are aggressively targeting this market with an influx of multi-family, office, and retail developments to support the growing demand and number of new residents. With lower rents and overall development costs than Uptown and the accessibility to Downtown along with major freeways, what was once an outskirt of the city is now main-and-main. The ease and access to recent transportation technology has cut down commuting time and costs, giving residents more freedom and options.

Overall, Peak & Elm Portfolio allows a new investor the opportunity to acquire a substantial portion of the rapidly transitioning market of Old East Dallas, with the potential to be strongly positioned to capture the rising rents and property values in this immediate market. With thousands of new units of Class-A multifamily and newly constructed town-homes in the surrounding market, there is a stronger shift in the demographics and household average income. This shift in demographics assists in driving the demand for new retail tenants and office space to service the community. Currently, there are over 380,000 residents within a five-mile radius of the subject property and an average household income of over $109,000 within a three-mile radius.

Exclusively Listed By

Financing By

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