Unit West Oaks
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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
2151116
Property Details
Prime location just within blocks of the medical district, where over 5,000 people are employed. . 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. . There is an opportunity to add immediate scale by purchasing one or more of the other properties in the portfolio. E.g., West Oaks is within walking distance of Deville and Wolflin. . Amarillo is the second fastest growing mid-sized city in the nation. . The property sits below direct competitors in rent and occupancy. New ownership can take a hands-on approach to increase income. . Amarillo performs exceptionally well during economic slowdowns. The local economy increased 3.8% over Covid while the national economy shrank 2.8%.
- Property TypeMulti-Family
- Year Built1977
- Total Building Size41,600RSF
- Total Available41,600RSF
- Last updatedDec 15, 2023
- Property ID2229802