Living / Multi-housing

Montana at Bowery Park

120 Main St Highland Village, Texas United States 75077-3335
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2015
Building Area Net
Number of units 161
Occupancy 96.0 %

Property description

Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Montana at Bowery (the “Property”) a boutique 161-unit asset located in Highland Village, Texas. Built in 2010-2018, Montana at Bowery Park is an exceptionally maintained asset situated in one of DFW’s premier suburbs. Highland Village is known for its high-quality of life and great neighborhood services, which has greatly attributed to its rapid population growth. Positioned on Main St., the Property offers excellent visibility and access as it sits just over two miles from Interstate-35E. Furthermore, the Property has seen strong lease trade outs as the last 20 leases are averaging a $177 increase.  

Investment highlights

UNIQUE, CLASS “A” ASSET WITH UPSIDE POTENTIAL 

Montana at Bowery Park presents the opportunity to acquire an institutional quality, Class A asset in a highly desirable area. The Property features large average unit sizes of 1,212 SF and is adjacent to 70,425 SF of retail and restaurant space that ins 90% leased with several new tenants opening in 2022 including a restaurant with a patio and full bar in addition to a new wine concept space.


SIGNIFICANT NEIGHBORING RETAIL & ENTERTAINMENT  

The Property sits in a highly concentrated retail location with over 5.2 million SF within a three-mile radius, and five major shopping centers just over one mile away. Notable tenants in the area include Whole Foods, Barnes & Noble, Target, Best Buy, Tom Thumb, Academy, and Market by Macy’s. 


CENTRAL LOCATION PROXIMATE TO EMPLOYMENT CENTERS

The Property is situated less than three miles west of Interstate-35E, placing residents in close proximity to several of the largest employment centers in the immediate area, including Medical City Lewisville, DFW International Airport, Cypress Waters, and Legacy West.

Last Updated Date: 26 Apr 2022

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Last Updated Date: 26 Apr 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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