ANNA TX MULTIFAMILY
 
$5,000,000
Offering Price
477,483
Land SF
$10
Price Per SF
1
# of parcels
10.96
Land Acres
MF
Zoning Type
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$5,000,000
Offering Price
477,483
Land SF
$10
Price Per SF
1
# of parcels
10.96
Land Acres
MF
Zoning Type
The current garden style site concept includes 192 apartment units and 10 townhomes. The parcel is clearly visible in both directions along the street. The visibility of the property is not hampered by adjacent properties, trees or other obstructions.
While Dallas-Fort Worth ranks among the top spots for construction, the pace of development remains manageable with the market reporting 5% of inventory underway, on par with the national average. The trend runs counter to several other major Sun Belt markets whose pipelines have swelled over the past two years. Dallas-Fort Worth's structural drivers remain intact with leading population and employment growth. The market leads the country to recover from the pandemic and resulting recession, up 395,900 jobs from pre-pandemic levels. Healthy job growth and continuous in-migration are two primary drivers of apartment demand in the metroplex.
Anna’s population is expected to grow from around 20,000 last year to nearly 45,000 by 2030. To accommodate the expected growth, the city has been investing in improving its roadways and streamlining its permit process so developers can secure permits in days instead of weeks.
Ranked the 9th fastes growing city in North Texas, areas of the submarket with excellent highway access, such as George Bush Tollway, are just as close to office jobs in Uptown and Downtown Dallas as northern towns like Frisco and McKinney. Most local employment growth falls within the manufacturing and distribution sectors. 15 minutes from McKinney Nat’l Airport 45 minutes DFW Int’l Airport 5 major highways intersect near Anna 50 Minutes from Downtown Dallas Bisected by US 75, SH 121, & SH 5, Anna is straddling both sides of US 75 halfway between McKinney and Sherman, Anna, Texas is that northward expansions’ NEXT BIG THING.
The median home cost in Anna is Real Estate: $356,400. Home appreciation the last 10 years has been 21.4%. According to the City of Anna's Economic Development Corporation the city of Anna has grew 1915% since the year 2000, has a Median Income of $95,000.00 and 5,400 housing starts since 2015. The trade area is estimated to grow 45% by the year 2025. The median new home value is $334,054. The Anna ISD is a fast-growth, 64 square-mile district with over 5,342 students. The vision of the school district is to maximize each child’s individual potential, ensuring all students are empowered to conquer the challenges of education, work, and life.
Median age: 32.3 Average family: 3.1 26.6% some college 37.4% bachelors or higher
FOR MORE DETAILS CONTACT
Mark Allen, CCIM
Managing Principal
(817) 723-4274
Mallen@onyxlg.com
589645
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