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2909 Michelle Dr, Sherman, TX, 75092

HOLIDAY INN EXPRESS
$9,750,000

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Highlights

INVESTMENT HIGHLIGHTS

  • Modern Construction: Built in 2006, the property offers the advantages of relatively recent construction, potentially reducing immediate capital expenditure needs
  • GlobiTech’s $5 Billion Silicon Wafer Manufacturing Plant: The establishment of a $5 billion silicon wafer manufacturing plant by GlobiTech (a subsidiary of GlobalWafers) in Sherman is a monumental economic catalyst
  • Easy Foods’ $50 Million Development: Easy Foods is constructing a new $50 million, potentially 150,000 to 250,000 sq ft tortilla and chip manufacturing facility in Sherman. This development will:
  • Further diversify the local economy and increase demand for various services, including accommodation. The plant is expected to be operational by the summer of 2025.
  • Easy Foods will be located next to a new $25 million corn mill by Molinos USA, indicating a growing food manufacturing ecosystem in the area.
  • Strategic Location: Sherman is located approximately 75 miles north of Dallas along Highway 75, a major transportation corridor. This provides accessibility to the broader Dallas-Fort Worth (DFW) metroplex, a significant economic center.
  • Growing Technology Corridor: Sherman is situated at the top of the North Texas Technology Corridor, attracting high-tech companies. Texas Instruments is also making a significant investment in the area with the potential for up to four new semiconductor wafer fabrication plants, representing a $30 billion investment and the creation of around 3,000 jobs

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225

Key Information

Units
84
Year Built
2006
Type
Hospitality
Leasable Area
51,040