Property Overview
Park Plaza 5 is a townhome style development in Dallas,
tucked into the desirable Cedars neighborhood. Offered to
qualified investors are 5 units within the 13 unit development at
2000 Park Avenue. All units are currently leased, with an
average in place rent of 2,698. The remaining units not within
the Park Plaza 5 offering have been exited individually by the
developer.
Area Description
The Cedars District is in the path of major growth, right on the
southern edge of Downtown Dallas. Park Plaza 5 offers
impeccable views of the surrounding area, with 3 of the 5 units
containing a spacious deck. The booming Dallas Farmers
Market has realized historically high rent growth and popularity,
less than one mile north of the asset. Investors will have
attractive financing options with the effective rent in place
and area demand drivers continuing to trend upward.
