1600 LA SALLE DR, SHERMAN, TX 75090

Summary:

The Multifamily Group is proud to exclusively offer the Easton Parc Apartments, a rare investment op-

portunity in Sherman, Texas. Built in 1985, the property features 232 units, averaging 725 square feet

with efficiencies up to two-bedroom/two-bathroom layouts, and is 80% occupied, with washer and dryer

connections included in every unit. There is also a storage unit included with every one and two bed-

room floorplan. The property has assumable debt with $11,300,000 remaining that is in the interest only

period through November 1st, 2028.

Value-Add Analysis:

Renovate all 232 classic units and increase the rents.

Install carports and charge tenants a monthly fee.

Add a bulk cable contract to the property.

Location:

Easton Parc is conveniently located less than a mile from the intersection of Interstate-75 and High-

way-82 in Sherman, just an hour north of Dallas, and approximately 15 minutes from Denison. Nearby

destinations include the Sherman Town Center, Canyon Creek Shopping Center, Midway Mall, and

Pecan Grove Park.

Just minutes from Easton Parc, residents have access to everyday conveniences including a Sam’s

Club, Walmart, Chick-Fil-A, Kroger, Texoma Plaza shopping center, and numerous dining and retail options. The property is located within the Sherman Independent School District, with Piner Middle School

and Sherman High School both nearby. Healthcare services are also easily accessible, with Baylor Scott

& White Surgical Hospital located less than one mile from the property, and additional medical facilities

within close proximity.

Market Overview:

The Sherman–Denison area boasts a stable and expanding employment base, with top sectors in edu-

cation and health services. Denison is home to two regional medical centers: Wilson N. Jones Regional

Health System and Texoma Medical Center. In Sherman, major employers include Tyson Foods and

Texas Instruments (TI). The area is rapidly evolving into a hub for chip and semiconductor manufacturing, fueled by the development of the 3,300-acre master-planned Progress Park. TI has already broken

ground on a $30 billion manufacturing campus, and GlobiTech recently invested $5 billion into a new

facility, which created ~1,500 new jobs. These developments are set to drive ongoing and future housing demand in the region.