FOR IMMEDIATE RELEASE
Contact: Carolyn Dorman
Dallas-Fort Worth, Texas; February 22, 2016 – Greysteel’s multifamily investment sales team led by Boyan Radic, Doug Banerjee, Andrew Mueller, and Ryan Hill has been named exclusive advisor and agent for the sale of 1926 Euclid, a four-unit Class A townhome property in Dallas, Texas.
Located in the heart of the Knox-Henderson district of Dallas, 1926 Euclid is comprised of two three bedroom-three bathroom units with 2,115 square feet and two two bedroom-two and one half bathroom units with 2,008 square feet. These three-story luxury townhomes were built in 2008 and feature hardwood floors, carpeted bedrooms, granite countertops, stainless steel appliances, private attached two-car garages, brushed nickel fixtures, in-unit washer and dryer connections, private patios, and all the conveniences of a contemporary home. Current units are renting at approximately 30% less per square foot than competing properties allowing a new investor the opportunity to immediately increase rents to market rate.
1926 Euclid sits in close proximity to Uptown, Downtown, and Lower Greenville areas yet it has the feel of a suburban neighborhood. The Knox-Henderson district’s main street is lined with shops, restaurants, and low-rise apartments while surrounded with charming residential homes and townhouses. The Property boasts an exceptional walk score of 86 out of 100, and also offers convenient access to major transit connections via Interstate 75. 1926 Euclid is located near the Dallas Central Business District which houses 135,000 employers, 35 million square feet of office space, and over 2,500 businesses.
“The Lower Greenville neighborhood continues to attract trendy up-and-coming eateries and bars as business owners recognize that an increasing amount of young, urban professionals are looking to escape the high rent in Uptown while maintaining a walkable lifestyle,” says Greysteel Investment Associate, Andrew Mueller. “1926 Euclid presents a fantastic opportunity for a new owner to purchase an asset with room to raise rents in an unrivaled location.”
Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; Fort Worth, TX. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets.
10000 N. Central Expressway, Suite 750
Dallas, Texas 75231
Greysteel is a licensed real estate broker in the state of Texas.