Skylane Avenue

Skylane Avenue, Corsicana, TX 75109

  • For Sale $6,700,000
  • Property Type Multi-Family
  • Property Size 39,150 SF
  • Units 27
  • Year Built 2023
  • Date Updated Mar 4, 2024
The Rental Unit Package is located in Corsicana, about 50 miles SE of downtown Dallas in the county seat of Navarro County. Corsicana has an active EDC attracting new industry and jobs and has a severe housing shortage.This is a package of 27 SFR detached rental units built and leased in 2023 to address the city housing shortage. Leasing is on-going and they are nearly full at good rents. With pro-forma expenses, the cap rate is a little over 6.00%

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Highlights

  • The SFR units offered are located in Corsicana, the County Seat of Navarro County ±50 miles south of downtown Dallas along IH-45. It has a population of around 29,000.

Contacts

broker

Wayne Burgdorf, CCIM

SVN | Trinity Advisors

(817) 288-5556

Location

Getting Around

  • Walk Score ®

    32/100 Car-Dependent

  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Corsicana, TX
  • Zip Code 75109
  • Market Central East Texas

Points of Interest

  • Exxon

    0.32 miles

  • Murphy USA

    0.45 miles

  • Chevron

    0.94 miles

  • Shell

    0.95 miles

  • Valero

    1.17 miles

  • Valero

    1.17 miles

  • Shell

    1.74 miles

  • Alon USA

    1.85 miles

  • Alon

    2.14 miles

  • Chevron

    2.21 miles

  • Motel 6

    3.46 miles

  • Travelers Inn

    3.47 miles

  • Quality Inn

    3.49 miles

  • Hampton

    3.81 miles

  • Holiday Inn Express

    3.82 miles

  • Comfort Inn

    4.17 miles

  • La Quinta

    4.32 miles

  • Super 8 by Wyndham Corsicana

    4.35 miles

  • Best Western

    4.46 miles

  • Burger King

    0.25 miles

  • Navarro Donuts

    0.34 miles

  • Cicis

    0.36 miles

  • China One

    0.63 miles

  • Sirloin Stockade

    1.13 miles

  • Old Mexican Inn

    1.24 miles

  • Summer Palace

    1.40 miles

  • El Mexicano Grill

    1.43 miles

  • Braum's

    1.55 miles

  • Papa John's

    1.60 miles

  • Alpha Learning Center

    0.34 miles

  • Navarro College

    0.46 miles

  • Jose Antonio Navarro Elementary School

    0.50 miles

  • Corsicana High School

    0.85 miles

  • Collins School

    0.94 miles

  • Lee School

    1.34 miles

  • Lee Elementary School

    1.36 miles

  • Sam Houston Elementary School

    2.11 miles

  • Bowie Elementary School

    2.20 miles

  • Special Education Center

    2.30 miles

Frequently Asked Questions

What is the lease rate for Skylane Avenue?

Rental asking rate at Skylane Avenue is $3,350,000.00/YR.

What is the total square footage of Skylane Avenue?

Skylane Avenue totals 39,150 square feet.

When was this property built?

Skylane Avenue was built in 2023.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Wayne Burgdorf, CCIM

SVN | Trinity Advisors

(817) 288-5556