Multi-Housing

HFF-9391-Princeton Club

3700 McCann Rd Longview, Texas United States 75605-1700
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement

You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1979
Building Area
Land Area
Number of units 160

Property Description

Princeton Club sits in northern Longview, the most sought-after section of the city, due to its strong retail presence, great drive by traffic and visibility, and proximate to employment nodes. Notable features of the Property’s location include:

• Excellent drive by traffic and visibility at W Hawkins and McCann Road

• Immediate access to Loop 281 allowing quick and easy access for residents to move about the City

• 3.8 million square feet of retail within 2-mile radius of the Property including: Longview Mall (>1.0 mile), Albertsons (> 1.0 mile), Longview Plaza (> 1.0 miles) Walmart (>2.0 miles), Longview Towne Crossing Shopping Center (>2.0 miles)

• Quick drive to Longview Regional Medical Center


Take the Princeton Club Virtual Tour here - Princeton Club Virtual Tour

Investment Highlights

Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Princeton Club (the “Property”), a 160-unit, Class “B” value-add asset in Longview, Texas. Built in 1979, the Property sits in north Longview near Loop 218, which sees over 36,920+ cars per day and provides easy access to the city’s numerous employment hubs. Additionally, the Property is within one mile of the Longview Mall and Longview Town Crossing, two of the dominant retail nodes in the region. Princeton Club offers potential investors a unique value-add opportunity having undergone minimal renovations, allowing a new owner to make interior improvements to increase rents.

Last Updated Date: 20 Aug 2020
Steven Hahn Jr.
Steven Hahn Jr.
Senior Director, Capital Markets
License details
TX-615904 OK-184952
Art Barnes
Art Barnes
Director, Capital Markets

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Last Updated Date: 20 Aug 2020

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