Multi-housing / PRS

Seventy8 and Westgate

960 S Westgate Way Wylie, Texas United States 75098-1396
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
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

Building Area

Property description

286-unit Class A Multi-family product in Wylie, TX.

Investment highlights

LOW DENSITY PRODUCT WITH STRONG AMENITY BASE

Seventy8 & Westgate offers a low-density environment with only 24 units per acre. Additionally, among the surface parking, the Property boasts 13 breezeway garages and 57 detached garages with a 1.67 spaces per unit ratio. Residents at Seventy8 & Westgate will benefit from the numerous top-of-the-line amenities with a massive resort-style pool & pool deck, a fully equipped fitness center, a dog park, and a media room with theater seating.


STRONG SURROUNDING RETAIL

Residents at Seventy8 & Westgate will enjoy a plethora of retail with over 825K square feet within a 1.5-mile radius of the Property. Immediately adjacent to the Property, Tom Thumb provides a walking distance grocery experience for the Residents. Just two miles west of the Property, Woodbridge Crossing Shopping Mall offers major big box retailers including Target, Bath & Body Works, Ross Dress for Less, and HomeGoods. Just under five miles south, Firewheel Town Center boasts over 976,000 square feet of retail, dining, and entertainment.


EXTREMELY LIMITED DEVELOPMENT

Wylie proper has historically been very hard to develop due to strict zoning laws. Seventy8 & Westgate was the only property to deliver in 2020 in Wylie and there is only one other property under construction in the surrounding area, located in Sachse over 2 miles away.


WYLIE INDEPENDENT SCHOOL DISTRICT

Wylie ISD is widely regarded as one of the best school districts in DFW. The school district is graded A+ and is the 12th ranked district in all of the Dallas/Fort Worth Metroplex. Birmingham Elementary is graded A and is located 5 minutes north of the property with 537 students. Wylie East High School is graded an A overall and has a total enrollment of 1,938.


NEARBY EMPLOYMENT CENTERS

Seventy8 & Westgate benefits from strong surrounding employment centers with the majority of employees working in Wylie proper within the education, manufacturing, and automotive industries.

  • Fifteen minutes to the west, the CityLine Development is home to over 2.5M square feet of leased office space home to State Farm’s regional headquarters.
  • Downtown Dallas, thirty minutes southwest and recently reinvigorated by investment from the public and private sectors, has become an increasingly vibrant place to work, live and play. Downtown Dallas is home to over 2,500 businesses supporting an employment base of over 135,000.
  • Just north of downtown, Uptown Dallas has approximately 65,000 jobs and is home to two Fortune 500 companies as well as over 4,000 businesses in total.


Last Updated Date: 30 Jul 2021
Greg Toro
Greg Toro
Managing Director, Capital Markets
Broker Licenses
TX-593498
Roberto Casas
Roberto Casas
Senior Managing Director, Multi-Housing Group Leader
Broker Licenses
TX-0512740

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Last Updated Date: 30 Jul 2021

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