320 S JUPITER RD Garland TX 75042-4426

NorthMarq Multifamily is pleased to present the exclusive opportunity to acquire the Hickory Apartments. The 68-unit community sits on 2.5 acres in Garland, Texas and features frontage along the highly traversed Jupiter Road. Additionally, the property is less than 5 miles east of the High Five interchange, connecting I-75 and I-635 and accommodates over 450,000 vehicles per day. This commuter friendly location allows residents direct access to some of DFW’s major economic hubs including Medical City Children’s Hospital, Park Central Business Park, Dallas College Richland Campus, Texas Health Presbyterian Hospital, The Shops at Park Lane, Garland Industrial Park, Texas Instruments Headquarters, NorthPark Center and Dallas CBD. Proximity to these major employers has attracted a strong, working class tenant base, supporting more than 160,000 employees and 16,000 businesses. The Garland submarket has directly benefitted from this robust demand, recording a five-year average annual of rent growth of 4.0%, while maintaining an impressive average occupancy rate of 95.6%.

Hickory offers mix of one and two-bedroom floorplans and boasts an impressive average unit size of 816 square feet, as 65% of the units are two-bedroom floorplans. The Property is offered free and clear of existing debt, allowing unrestricted debt financing in a historically low interest rate environment.