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Live Oak Shopping Center 2817-2827 Live Oak St 7,084 SF 100% Leased Retail Building Dallas, TX 75204 $4,643,442 CAD ($655.48 CAD/SF) 6.65% Cap Rate
Executive Summary
DuWest Realty Investment Services has been exclusively retained to present the opportunity to sell Live Oak & Liberty Retail Shops ("The Property"), a 7,084 SF (.232 acres) shopping center in core Dallas, directly adjacent to the CBD. The center is 100% occupied with Tenant mix featuring a variety of service-oriented and internet-resistant tenants. The Property is located at the intersection of Live Oak and Liberty Street in an A+ location by downtown Dallas, Deep Ellum and the Baylor Medical Center district.
Ideally located in Dallas' dense business corridor, the Property is positioned amongst embedded residential office, medical & entertainment districts. Within one mile of the property is The Epic, featuring three buildings including 251,606 SF office s pace, the Pittman Hotel, The Hamilton residential building, and 18,000 square feet of high-end retail. Other notable market drivers are Baylor Hospital (5,000 employees) and the famed entertainment district Deep Ellum (40 Square Blocks featuring 50 restaurants, bars & music venues).
The acquisition of 2817 Live Oak Retail offers investors a unique core investment featuring embedded rent growth and fair market value options. With limited retail in the submarket, the tenants benefit from a lack of retail options and strong density within walking distance. As a covered land play with a stable going in return, this investment presents buyers with an excellent long-term investment.
Ideally located in Dallas' dense business corridor, the Property is positioned amongst embedded residential office, medical & entertainment districts. Within one mile of the property is The Epic, featuring three buildings including 251,606 SF office s pace, the Pittman Hotel, The Hamilton residential building, and 18,000 square feet of high-end retail. Other notable market drivers are Baylor Hospital (5,000 employees) and the famed entertainment district Deep Ellum (40 Square Blocks featuring 50 restaurants, bars & music venues).
The acquisition of 2817 Live Oak Retail offers investors a unique core investment featuring embedded rent growth and fair market value options. With limited retail in the submarket, the tenants benefit from a lack of retail options and strong density within walking distance. As a covered land play with a stable going in return, this investment presents buyers with an excellent long-term investment.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
7,084 SF
Building Class
C
Year Built
1952
Price
$4,643,442 CAD
Price Per SF
$655.48 CAD
Cap Rate
6.65%
NOI
$308,747 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.23 AC
Zoning
Z239
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00000106648000000 | Improvements Assessment | $1,590,080 CAD |
| Land Assessment | $629,152 CAD | Total Assessment | $2,219,232 CAD |
Property Taxes
Parcel Number
00000106648000000
Land Assessment
$629,152 CAD
Improvements Assessment
$1,590,080 CAD
Total Assessment
$2,219,232 CAD
Contacts
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Will Walters -
Alex Speed Throckmorton -
Josie Trent -
Matt Banas -
Bill Pyle -
Griffin Till -
DUWEST
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Live Oak Shopping Center | 2817-2827 Live Oak St
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