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181 - Unit, Urban Infill Value - Add Opportunity...DALLAS LOVE FIELD Dallas Love Field is home to Southwest Airlines and provides nearly 200 regularly scheduled commercial flights

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Page 1: 181 - Unit, Urban Infill Value - Add Opportunity...DALLAS LOVE FIELD Dallas Love Field is home to Southwest Airlines and provides nearly 200 regularly scheduled commercial flights

3850 W. Northwest Highway | Dallas, Texas 75220

181 - Unit, Urban InfillValue - Add Opportunity

2008 VINTAGE A - CLASS MIXED USE 5 STORY MID-RISE

Page 2: 181 - Unit, Urban Infill Value - Add Opportunity...DALLAS LOVE FIELD Dallas Love Field is home to Southwest Airlines and provides nearly 200 regularly scheduled commercial flights

181 Multifamily Units with 4 Retail Spaces

Target Raise: $10M

Target IRR: 15-16%

Target Equity Multiple: 1.7-1.9x

Deal Overview

Page 3: 181 - Unit, Urban Infill Value - Add Opportunity...DALLAS LOVE FIELD Dallas Love Field is home to Southwest Airlines and provides nearly 200 regularly scheduled commercial flights

NESTLED IN BETWEEN TWO AFFLUENT NEIGHBORHOODS

BLUFFVIEW PRESTON HOLLOW

SPIADVISORYOFFICE

Page 4: 181 - Unit, Urban Infill Value - Add Opportunity...DALLAS LOVE FIELD Dallas Love Field is home to Southwest Airlines and provides nearly 200 regularly scheduled commercial flights

DIRECT PROXIMITY TO TWO OF THE LARGEST AND MOST PROMINENTECONOMIC DRIVERS IN THE DALLAS/FORT WORTH AREA

LOVE FIELD MEDICAL DISTRICT

Page 5: 181 - Unit, Urban Infill Value - Add Opportunity...DALLAS LOVE FIELD Dallas Love Field is home to Southwest Airlines and provides nearly 200 regularly scheduled commercial flights

Location Overview

DALLAS LOVE FIELDDallas Love Field is home to Southwest Airlines and providesnearly 200 regularly scheduled commercial flights daily to more

than 50 destinations throughout the United States.

8,600 on-site employees

Generates over $2 billion annually for the local Dallaseconomy

15.5 million passengers annually; was named thetop-performing airport in its class for customer service byAirports Council International

$1 billion$1 billion, 2-phase expansion completed, including a newmain terminal & automated walkways

TargetWalgreens Chick fil-ABluffview Towers The Bluffview Growler Jimmy Johns

.25Miles

Page 6: 181 - Unit, Urban Infill Value - Add Opportunity...DALLAS LOVE FIELD Dallas Love Field is home to Southwest Airlines and provides nearly 200 regularly scheduled commercial flights

Amenities

Page 7: 181 - Unit, Urban Infill Value - Add Opportunity...DALLAS LOVE FIELD Dallas Love Field is home to Southwest Airlines and provides nearly 200 regularly scheduled commercial flights

Exterior

Page 8: 181 - Unit, Urban Infill Value - Add Opportunity...DALLAS LOVE FIELD Dallas Love Field is home to Southwest Airlines and provides nearly 200 regularly scheduled commercial flights

Interior

Page 9: 181 - Unit, Urban Infill Value - Add Opportunity...DALLAS LOVE FIELD Dallas Love Field is home to Southwest Airlines and provides nearly 200 regularly scheduled commercial flights