Living / Multi-housing

Moda - Dallas

1855 Payne St Dallas, Texas United States 75201-1746
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY 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.

Attributes

Year Built 2014
Building Area Net
Land Area Net ()
Number of units 263
Occupancy 96.0 %

Asset 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 Moda (the “Property”) a luxurious Class A asset with value-add potential located in Dallas, TX. Situated in the heart of the vibrant Victory Park district between Uptown and the Dallas CBD, the 263-unit Property was built in 2014 and is strategically located at one of the most accessible sites in the city. The Property’s exceptional location offers residents the ultimate 24/7 live-work-play environment with numerous upscale, urban amenities that helps attract an affluent, highly educated population base. Moda has also achieved significant effective rental increases of approximately $492 or a 31.3% increase on recent lease trade outs.

Investment Highlights

o  INSTITUTIONAL ASSET WITH ABILITY TO TAKE INTERIORS TO THE NEXT LEVEL

Community amenities and unit interiors can be taken to a higher level of finish outs to help bridge the $414 gap between the competitive set


o  SIGNIFICANT RENT INCREASES ON RENEWALS & NEW LEASES

Current lease trade outs at the Property are an impressive $492


o  MAIN & MAIN LOCATION WITH EXCEPTIONAL WALKABILITY

Located in the most restaurant and entertainment rich locations in Dallas with a Walkscore of 87


o  LIVE-WORK-PLAY INTEGRATED LIFESTYLE

Placing residents adjacent to the largest employment center in Dallas with over 135,000 employees


o  HIGHLY AFFLUENT DEMOGRAPHIC BASE

One-mile average household income over $136,800 with average home value more than $826,800

 

o  PREMIER INTOWN DALLAS SUBMARKET

The Intown Dallas submarket experienced 14.3% rent growth and occupancy of 96.3% as of 4Q21


o  TRANSIT OREIENTED COMMUNITY WITH SUPERIOR CONNECTIVITY

Located two blocks to the DART Rail and Trinity Railway Express Victory Station


o  LIMITED MID-RISE SUPPLY IN VICTORY PARK

Moda is one of only four mid-rise assets in the Victory Park micro market as the majority of the supply consists of high-rise product with significantly rents

Last Updated Date: 25 Apr 2022

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Last Updated Date: 25 Apr 2022

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