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400 N Akard StDallas, TX 75201
The Houseman Building- Downtown Dallas Redevelopment Opportunity
Asset ClassMultifamily, Hotel & Hospitality, Office

Investment Highlights

# Stories
4
Year Built
1921
Year Renovated
2010
# Beds
126
# Keys
106
Square Feet
78,252

* Hotel Pro Forma Investment Summary

  1. Year 1 Occupancy: 68%
  2. Year 3 Occupancy: 72.1%
  3. Year 3 ADR: $218.13
  4. Year 3 Adjusted NOI: $3.53M

 

* Multifamily Pro Forma Investment Summary

  1. Stabilized Occupancy: 92%
  2. Studio Rent Assumption: $2,075/Mo
  3. Operating Expenses: $906,000
  4. Stabilizied NOI: $2.3M
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deal gallery image
400 N Akard StDallas, TX 75201
American Airlines Center
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Dallas Museum of Art
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Dallas City Hall
Dallas World Aquarium
AT&T Performing Arts Center

Sales Team

Corina PalekarLicensed Broker

License #: TX BRE #838258

(661) 910-8003Corina@hbofamerica.com
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