6006 Andover Dr, The Colony, TX 75056 – Apartment (4 - 20 units)

ApartmentsYear Built 1999Total Assessed Value $89,500,000County Denton

Property Details

The Apartments property 6006 Andover Dr, The Colony, TX 75056 is located in Denton County. The specific property type is Apartment (4 - 20 units). The total assessed value of this property is $89,500,000.

The gross building area is 512,720 square feet and the land area is 1,061,034 square feet for this Apartment (4 - 20 units) built in 1999.

Legal description: Parks Of Austin Ranch Addn Blk A Lot 1

$89,500,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 6006 Andover Dr, The Colony, TX 75056, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment (4 - 20 units)

Building Area512,720

Land Size1,061,034

Land Value$6,366,204

Improved Value$83,133,796

Total Assessed Value$89,500,000

Year Built1999

County NameDenton

Account Number230997

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space777

HeatingCentral

Pool4112

Roof CoverComposition shingle

Roof TypeHip

Type ConstructionWood

No of Stories1

Garage TypePaved or surfaced

Number of Units1566

Sales History

This details prefers to stay low-key.

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Mortgage History

12/19/2012

Sale$30,840,000

Borrower

Invesco Real Estate

Lender

Book Number

Recording Date

12/19/2012

Transaction Details

Invesco Real Estate borrowed the property from through a transaction on 12/19/2012 for $30,840,000.

Property constructed in 1999

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$6,366,204	$87,818,111	$94,184,315	$94,184,315	Ar Phase 1 Llc	2001 Ross Ave Ste 34...	Parks Of Austin Ranc...	Mf01G01B22	Sl3471A	1,061,034	512,720
2025	$6,366,204	$83,133,796	$89,500,000	$89,500,000	Ar Phase 1 Llc	Trammell Crow Center...	Parks Of Austin Ranc...	MF01G01B13	Sl3471A	1,061,034	512,720
2024	$6,366,204	$78,633,796	$85,000,000	$85,000,000	Ar Phase 1 Llc	Trammell Crow Center...	Parks Of Austin Ranc...	Mf01B13C03	Sl3471A	1,061,034	500,844
2023	$6,366,204	$75,633,796	$82,000,000	$82,000,000	Ar Phase 1 Llc	Trammell Crow Center...	Parks Of Austin Ranc...	MF01B13C03	Sl3471A	1,061,034	500,844
2022	$6,366,204	$61,351,848	$67,718,052	$67,718,052	Ar Phase 1 Llc	Trammell Crow Center...	Parks Of Austin Ranc...	MF01B13C03	SL3471A	1,061,034	500,844
2021	$6,366,204	$56,133,796	$62,500,000	$62,500,000	Ar Phase 1 Llc	2001 Ross Ave Ste 34...	Parks Of Austin Ranc...	MF01B12C03	SL3471A	1,061,034	500,844
2020	$6,366,204	$57,133,796	$63,500,000	$63,500,000	Ar Phase 1 Llc	Trammell Crow Center...	Parks Of Austin Ranc...	MF01B12C03	SL3471A	1,061,034	500,844
2019	$4,306,020	$29,542,998	$33,849,018	$33,849,018	Ar Phase 1 Llc	Trammell Crow Center...	Parks Of Austin Ranc...	MF01B12C03	SL3471A	1,061,034	500,844
2018	$6,366,204	$51,333,796	$57,700,000	$57,700,000	Ar Phase 1 Llc	Trammell Crow Center...	Parks Of Austin Ranc...	MF01C03B1	SL3471A	1,061,034	500,844
2017	$6,366,204	$46,633,796	$53,000,000	$53,000,000	Ar Phase 1 Llc	2001 Ross Ave Ste 34...	Parks Of Austin Ranc...	MF01C03B1	SL3471A	1,061,034	500,844

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
6006 Andover Dr, The Colony, TX 75056	230997	Apartments	Apartment (4 - 20 units)	Ar Phase 1 Llc	Denton	-	-	-	-	1999	512,720	1566
3702 Frankford Rd, Dallas, TX 75287	199420	Apartments	Apartment (4 - 20 units)	Frankford Springs Borrower Llc	Denton	4.3	$ 54,789,350	2025-12-01	$ 156.64	1998	349,784	332
5050 Fm 423, Frisco, TX 75036	653825	Apartments	Apartment (4 - 20 units)	Csimrw Sorrel Property Llc	Denton	5.0	$ 47,288,150	2025-02-18	$ 127.33	2014	371,385	352
3901 Accent Dr, Dallas, TX 75287	179781	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	4.7	$ 76,230,000	2024-10-01	$ 212.07	1995	359,462	500
350 Continental Dr, Lewisville, TX 75067	201287	Apartments	Apartment (4 - 20 units)	Mvr Apartments I Lp	Denton	9.1	$ 40,698,000	2024-10-18	$ 135.51	2003	300,324	304
26493 E University Dr, Aubrey, TX 76227	706438	Apartments	Apartment (4 - 20 units)	Pecos Housing Finance Corporation	Denton	13.7	$ 55,394,500	2025-02-26	$ 154.84	2016	357,742	416
1610 E Mckinney St, Denton, TX 76209	106202	Apartments	Apartment (4 - 20 units)	Denton Housing Authority	Denton	18.6	$ 46,550,000	2024-05-24	$ 212.50	1984	219,059	308
3653 Timberglen Rd, Dallas, TX 75287	200559	Apartments	Apartment (4 - 20 units)	Wwc Lx Lp	Denton	3.8	$ 39,191,110	2025-07-17	$ 179.24	1999	218,648	276
3930 Accent Dr, Dallas, TX 75287	75290	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	4.8	$ 76,230,000	2024-10-01	$ 372.82	1999	204,470	500
905 Cleveland St, Denton, TX 76201	498438	Apartments	Apartment (4 - 20 units)	Gpl Midtown Propco Llc	Denton	19.6	$ 37,539,250	2024-09-27	$ 208.14	2010	180,355	120
919 W Eagle Dr, Denton, TX 76201	556960	Apartments	Apartment (4 - 20 units)	919 Eagle Dr Ground Owner Llc	Denton	19.9	$ 32,252,500	2025-01-02	$ 201.58	2012	160,002	139

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	6006 Andover Dr, The Colony, TX 75056	—	-	1,061,034	1999	512,720	$ 89,500,000	$ 6,366,204	-
Grandbridge Re Capital Llc	1152 Indian Run Dr, Carrollton, TX 75010	07/31/2025	$ 14,901,000	616,461	2003	222,993	$ 36,299,520	$ 3,698,766	Marbella Llc
Viceroy Living Llc	2003 Bennett Ave, Dallas, TX 75206	06/20/2025	$ 1,375,000	9,000	1971	6,375	$ 1,062,770	$ 540,000	Blue Mountain Property Group Llc
United Wholesale Mortgage Llc	218 Milton St UnitA-D, Lewisville, TX 75057	06/03/2025	$ 300,000	8,799	1974	4,900	$ 294,641	$ 140,786	Dunn Realty Investments Llc
Citibank Na	307 N Loop 288, Denton, TX 76209	04/29/2025	$ 10,799,000	302,219	1970	114,309	$ 12,520,940	$ 1,511,095	Singing Oaks Llc
Tbk Bank Ssb	5644 Gaston Ave, Dallas, TX 75214	03/28/2025	$ 875,000	11,025	1959	5,491	$ 495,020	$ 220,500	Houston Caleb House Llc
Capital One Na	5210 Long Prairie Rd, Flower Mound, TX 75028	03/25/2025	$ 30,638,000	675,049	1999	305,783	$ 56,586,607	$ 6,750,490	Sjs Lantana Llc
Regions Bank	26493 E University Dr, Aubrey, TX 76227	02/26/2025	$ 41,650,000	733,951	2016	357,742	$ 75,731,542	$ 13,211,121	Spi Aubrey 416 De Llc
Pnc Bank National Association	2411 S I35e, Denton, TX 76205	02/26/2025	$ 15,700,000	547,819	1986	232,942	$ 36,370,000	$ 3,286,916
Rangewater Capital Ii Llc	5050 Fm 423, Frisco, TX 75036	02/18/2025	$ 35,555,000	850,291	2014	371,385	$ 76,827,837	$ 5,952,038	Csimrw Sorrel Property Llc
Greystone Servicing Co Llc	328 Sw Pkwy, Lewisville, TX 75067	12/31/2024	$ 11,625,000	379,843	1984	140,698	$ 18,795,512	$ 2,279,058	Ahfstone Creek Llc

Mean$ 21,982,713

Median$ 15,300,500.0

Loan Amount Range$ 300,000 - $ 157,700,000

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Tenant Details

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License Details

License Number

32093252701

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

1/15/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	DESTINATION COURIERS LLC
	Address Line	6006 andover dr apt 24
	City / State / Zip	the colony TX 75056
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48121
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	75056
Registration Details	SOS Code	A

License Timeline

License Issued

1/15/2024

Currently Active

Status: -

Renewal Required

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