
NEW PASSIVE INVESTMENT OPPORTUNITY
THE MYSTIQUE AT PRESTON
Cash Flowing Investment Opportunity.
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The Mystique at Preston
MULTIFAMILY CONSTRUCTION PROJECT INFAST-GROWING CITY OF CELINA, TX (DALLAS MSA)
MULTIFAMILY CONSTRUCTION PROJECT IN FAST-GROWING CITY OF CELINA, TX (DALLAS MSA)
Investment Highlights THE MYSTIQUE AT PRESTON
This offering is for acquisition of 12.6 acres land zoned Class A urban-style Multifamily with ~285 units, surrounded by retail pad-sites on the hard corner of two major thoroughfares (Preston and Outer Loop Road), just north of Gates of Prosper in the fastest-growing city of Celina, TX. Nestled between major highway “Dallas North Tollway” and the popular Preston Rd to what is called as “Platinum Corridor” of DFW
Exceptional Location with hard corner of future freeway with 50,000 VPD.
Proximity to Major Employment Hubs at Friso and Plano in South and Sherman and Dennison on North.
Less than a mile from Collin County college, 500 metres North of upcoming Costco wholesale and north-east of new residential development Light Farms that has a waiting list for homes.
Outer loop Rd is in progress to be a major freeway connecting east-west of Colling county.
Minimum Investment $75000
IRR 22%
PREF18%
EQ. MULTIPLE 2.0 X
HOLD3.5 YEAR
AAR 28.6%
THE MYSTIQUE AT PRESTON drone video
THE MYSTIQUE AT PRESTON
Situated in the rapidly developing city of Celina, this is a new construction project consisting of Class A urban-style Multifamily with ~285 units, with future retail pad-sites on the hard corner of two major thoroughfares
(Preston and Outer Loop Road).
(Preston and Outer Loop Road).
The project is a 3 story apartment buildings on 12.6 acres of land. The project will have Class A interior finishes and quality exterior building materials to showcase the urban-style of the property surrounded by upcoming retail pad sites that will make this community the most desirable with walking distance to Walmart, Costco and other retail.
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THE MYSTIQUE AT PRESTON webinar recording
10 Reasons Why We Love This Investment
- Strong location with retail frontage on Preston Rd and Collin County Outer Loop which are two major thoroughfares providing excellent connectivity
- Celina's Household Median Income is over $123K which makes it an ideal location for a luxury Class A Multifamily
- Major housing shortage in Frisco/Prosper Submarket is moving the demand towards Celina which is the next city in the path of progress
- Celina is well connected to Dallas via the Dallas North Tollway that provides access to this location as well besides Preston Rd
- Land is already zoned for Multifamily and currently approved for 260+ Units. We have initial confirmation that we might be able to push this to 285 Units. We expect to move quickly to get the land shovel-ready with 8-12 months. This reduces the risk greatly since the land is already entitled
- Water is available at the curb and Sewer (Wet Utilities) is available at the back of the parcel
- City of Celina is not approving any new Multifamily development along Preston Rd. They are currently only approving retail/commercial
- Several large retailers like Starbucks, Lifetime Fitness, Home Depot, Costco are under contract to build within a 1 mile radius or less of this property. This makes it a very attractive Class A+ location since these retailers do extensive demographics research before placing a new store. This also provides excellent amenities for our future tenants.
- The Methodist Hospital of Celina is opening a $200M facility within 1 mile of this location along Dallas North Tollway that is expected to be fully operational before our project. This is a very attractive proposition for us and provides a large, well paid tenant base besides hospital facilities for our tenants
- Celina School District is planning several new schools to prepare for the huge demand in this submarket. This will be a top-rated school district with the median household prices above $500K
INVESTMENT Summary
TRANCHE 1
INVESTMENT AMOUNT: $75,000
HOLD PERIOD: 3.5 YEARS
AAR
28.6%
IRR
22%
LP PAYMENT
200%
INVESTMENT SOURCES
CASH
SOLO 401K
SD IRA
TRANCHE 2
INVESTMENT AMOUNT: $75,000
HOLD PERIOD: 2.5 YEARS
AAR
26%
IRR
22%
LP PAYMENT
172%
INVESTMENT SOURCES
CASH
SOLO 401K
SD IRA
RESERVE YOUR SPOT THE MYSTIQUE AT PRESTON
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Let’s schedule a Free Strategy call to discuss this passive investment opportunity.
MEET THE MYSTIQUE AT PRESTON TEAM

Raj Tekchandani
Founder
Smart Capital

Kavitha Baratakke
Founder
Cherry Street Investments
Cherry Street Investments

Jas Kaur
Co-Founder
Sahara Equity

Reddy Gandra
Co-Founder
Sahara Equity