4312 Elm Street is an infill value-add investment in the East Dallas Submarket between Lakewood and the Deep Ellum entertainment and office district in Dallas, Texas. The Property is situated adjacent to Main Street corridor, within the Tower 22 District, minutes from Downtown Dallas on Elm Street. 4312 Elm Street is an 8,028 SF masonry construction asset consisting of a turn-key 4,764 SF ground floor suite with creative office/retail potential and a 3,264 SF second floor space with direct access to Elm Street. The Property benefits from masonry construction, excellent visibility on Elm Street, a highly relevant courtyard featuring exposed brick and pergola and two car garage. Recent submarket leasing activity has demonstrated rents from $12.00 to $17.00 PSF NNN for turnkey or recently renovated retail and office space. The Property is priced well below replacement cost at just $137.02 PSF to the building. Pro forma estimates contemplate achieving a 9.12% cap rate at list price by renovating the existing second floor and leasing up both suites at $12.50 PSF NNN.