711 ELM STREET 711 ELM STREET DALLAS (CBD), TEXAS INVESTMENT OPPORTUNITY
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1 DALLAS (CBD), TEXAS INVESTMENT OPPORTUNITY
2 SUMMARY OVERVIEW The 711 Elm parking garage is located in the Dallas CBD and on the edge of the historical West End District. The 5 story 137 parking space garage is located on Elm Street, one of the main thoroughfares of Downtown Dallas. The property is located near El Centro College, Bank of America Building and the West End Dart Light Rail Station. In addition to the parking garage, there is street level retail with 7-Eleven, a local barber shop and a 2nd generation dental space. As the demand continues to increase with the redevelopment of the West End, the growing CBD and the elimination of surface parking lots for high rise development, the property value will continue to rise making it an attractive investment opportunity. PROPERTY DETAILS Address: 711 Elm Street, Dallas, Texas Property Type: Submarket: Parking Garage with street level Retail Dallas CBD West End Year of Construction: 1925 Renovated 1990 Gross Leasable Area: 7,200 SF Stories 5 Land Area: Parking: Zoning: 0.23 Acres (±10,000 SF) 137 Spots (18 Reserved) Central Business District DALLAS (CBD), TEXAS - 2 -
3 SURVEY DALLAS (CBD), TEXAS - 3 -
4 LOCATION DALLAS TEXAS DALLAS (CBD), TEXAS -4-
5 This real estate presentation has been prepared for information purposes only, and does not purport to contain all the information necessary to reach a purchase decision for the property described herein (the Property ). The information contained herein ( the Information ) has been carefully compiled, but not independently verified by the Seller or Weitzman, and there is no representation, warranty or guarantee whatsoever as to its completeness or accuracy. Any potential Purchaser shall rely entirely on its own information, judgment and inspection of the Property and its records, and neither the Seller nor Weitzman assume any liability whatsoever for errors or omissions in the Information or any other data provided in connection with the Property. Each potential Purchaser and any party related thereto agrees that neither Seller not Weitzman shall have any liability for any reason, whether for negligence or gross negligence, from the use of the Information by any person in connection with the purchase of or any other investment in the Property by a Purchaser or any other party related thereto. Neither the Seller nor Weitzman has any liability whatsoever for any oral or written representations, warranties or agreements relating to the Property except as expressly set forth by any such party in any contract of sale executed in connection with the Property. This presentation is subject to changes by the Seller as to price or terms, to prior sale, to withdrawal of the Property from the market, and other events beyond the control of the Seller and Weitzman. Weitzman is the trade name of Weitzman Management Corporation, a regional realty corporation. CONTACTS: Matthew Rosenfeld Vice President mrosenfeld@weitzmangroup.com T M Kevin Butkus Associate kbutkus@weitzmangroup.com T M Mike Allen Associate mallen@weitzmangroup.com T M DALLAS (CBD), TEXAS - 5 -
INVESTMENT OPPORTUNITY
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