Unit DeVille & Wolflin
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Available on
December 15, 2023
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Time on Market
5 months
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Last updated
Dec 14, 2023
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Space ID
2151099
Property Details
The property sits below competitors in rents and occupancy. New ownership will have immediate upside with a more hands-on approach. . Prime location just within blocks of the medical district, where over 5,000 people are employed. . There is an opportunity to add immediate scale by purchasing one or more of the other properties in the portfolio. E.g., Deville and Wolfin is within walking distance of West Oaks. . Deville and Wolflin sit on five separate parcels, offering a unique opportunity to buy one property and exit as multiple smaller properties. . Amarillo is the second fastest growing mid-sized city in the nation. . Amarillo performs exceptionally well during economic slowdowns. The local economy increased 3.8% over Covid while the national economy shrank 2.8%. . There are numerous major economic projects slated to add over 4,500 jobs to the local economy in the next few years, including Producer Owned Beef which plans to build a $670M facility, as well as a new Amazon Fulfillment Center which will employ 500 people.
- Property TypeMulti-Family
- Year Built1965
- Total Building Size49,172RSF
- Total Available49,172RSF
- Last updatedDec 15, 2023
- Property ID2229785