951 Garden Ridge Blvd, Flower Mound , TX 75028 – Warehouse

Warehouse and StorageYear Built 2006Total Assessed Value $70,774,428County Denton

Property Details

The Warehouse and Storage property 951 Garden Ridge Blvd, Flower Mound , TX 75028 is located in Denton County. The specific property type is Warehouse. The total assessed value of this property is $70,774,428.

The gross building area is 650,000 square feet and the land area is 1,394,312 square feet for this Warehouse built in 2006.

Legal description: Cornerstone 1 Blk A Lot 1

$70,774,428

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 951 Garden Ridge Blvd, Flower Mound
, TX 75028, Warehouse and Storage

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Property Information

Property TypeWarehouse and Storage

Sub Property TypeWarehouse

Building Area650,000

Land Size1,394,312

Land Value$11,154,496

Improved Value$59,619,932

Total Assessed Value$70,774,428

Year Built2006

County NameDenton

Account Number529132

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space756

HeatingCentral

Roof CoverAsbestos

Type ConstructionOther

No of Stories1

Garage TypePaved or surfaced

Exterior WallsConcrete

Sales History

5/22/2017

Arms-lengthNot Disclosed

Buyer

Lagha Group Llc

Seller

Texas Conference Association Of Seventh

Book Number

2017.61001

Recording Date

5/22/2017

Transaction Details

Lagha Group Llc acquired the property from Texas Conference Association Of Seventh through a Arms-length transaction on 5/22/2017 for .

4/20/2009

Arms-lengthNot Disclosed

Buyer

Texas Conference Associations Of Seventh

Seller

Salvaging Teens At Risk Inc

Book Number

2009.49960

Recording Date

4/20/2009

Transaction Details

Texas Conference Associations Of Seventh acquired the property from Salvaging Teens At Risk Inc through a Arms-length transaction on 4/20/2009 for .

10/12/2007

Arms-lengthNot Disclosed

Buyer

Prologis

Seller

Cornerstone Flower Mound Industrial Lp

Book Number

2007-121519

Recording Date

10/12/2007

Transaction Details

Prologis acquired the property from Cornerstone Flower Mound Industrial Lp through a Arms-length transaction on 10/12/2007 for .

Property constructed in 2006

YSale Price (USD) byXSales Year

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Mortgage History

10/12/2012

Sale$200,000,000

Borrower

Prologis

Lender

Book Number

Recording Date

10/12/2012

Transaction Details

Prologis borrowed the property from through a transaction on 10/12/2012 for $200,000,000.

Property constructed in 2006

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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	$11,154,496	$64,613,574	$75,768,070	$75,768,070	Prologis	60 State St Ste 2200	Cornerstone 1 Blk A ...	Wh15A1C07	Sl2818A	1,394,312	650,000
2025	$11,154,496	$37,985,504	$49,140,000	$49,140,000	Prologis	C/o Prologis Re Tax...	Cornerstone 1 Blk A ...	WH15A1C07	Sl2818A	1,394,312	650,000
2024	$5,228,670	$43,911,330	$49,140,000	$49,140,000	Prologis	C/o Prologis -re Tax...	Cornerstone 1 Blk A ...	Wh15A1C07	Sl2818A	1,394,312	650,000
2023	$5,228,670	$41,571,330	$46,800,000	$46,800,000	Prologis	C/o Prologis -re Tax...	Cornerstone 1 Blk A ...	WH15A1C07	Sl2818A	1,394,312	650,000
2022	$5,228,670	$29,871,330	$35,100,000	$35,100,000	Prologis	C/o Prologis -re Tax...	Cornerstone 1 Blk A ...	WH15A1C07	SL2818A	1,394,312	650,000
2021	$5,228,670	$28,987,330	$34,216,000	$34,216,000	Prologis	1800 Wazee St	Cornerstone 1 Blk A ...	WH15A1C07	SL2818A	1,394,312	650,000
2020	$5,228,670	$30,196,330	$35,425,000	$35,425,000	Prologis	C/o Prologis -re Tax...	Cornerstone 1 Blk A ...	WH15A1C07	SL2818A	1,394,312	650,000
2019	$5,228,670	$29,271,330	$34,500,000	$34,500,000	Prologis	C/o Prologis -re Tax...	Cornerstone 1 Blk A ...	WH15A1C07	SL2818A	1,394,312	650,000
2018	$5,228,670	$22,885,746	$28,114,416	$28,114,416	Prologis	C/o Prologis -re Tax...	Cornerstone 1 Blk A ...	WH15A1C07	SL2818A	1,394,312	650,000
2017	$5,228,670	$19,854,330	$25,083,000	$25,083,000	Prologis	1800 Wazee St	Cornerstone 1 Blk A ...	WH15A1C07	SL2818A	1,394,312	650,000

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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 ↕
951 Garden Ridge Blvd, Flower Mound , TX 75028	529132	Warehouse and Storage	Warehouse	Prologis	Denton	-	-	-	-	2006	650,000	-
402 Westport Pkwy, Haslet, TX 76052	42550007	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	James Campbell Company Llc	Tarrant	17.7	$ 26,543,800	2024-09-03	$ 30.08	2019	882,565	2
1000 Railhead Dr, Haslet, TX 76052	06993850	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Railhead Drive Industrial Lp	Tarrant	17.1	$ 73,150,000	2025-08-15	$ 99.99	1997	731,548	1
1131 W Bardin Rd, Arlington, TX 76017	42550368	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Tsp Cooper I20 Llc	Tarrant	23.2	$ 30,590,000	2024-06-10	$ 71.98	2019	425,000	1
221 N Western Blvd, Denton, TX 76207	958875	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Lhhm Denton Westpark Ii Llc	Denton	17.4	$ 41,841,800	2025-06-30	$ 180.24	2022	232,141	-
251 N Western Blvd, Denton, TX 76207	958876	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Lhhm Denton Westpark 1 Llc	Denton	17.6	$ 41,841,800	2025-06-30	$ 163.76	2021	255,510	-
3101 Nw Centre Dr, Fort Worth, TX 76135	42153105	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Fort Worth Infill Investors Ll	Tarrant	26.6	$ 65,835,000	2024-07-23	$ 123.84	2023	531,597	1
502 Fountain Pkwy, Grand Prairie, TX 75050	03690911	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Lcg21 502 Fountain Llc	Tarrant	15.2	$ 29,952,154	2025-06-03	$ 140.21	1979	213,630	1
3701 Midpoint Dr, Lancaster, TX 75134	36067940010010000	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Sre Tx Midpoint 1a Owner Lp	Dallas	29.6	$ 102,410,000	2024-12-20	$ 85.34	2022	1,200,000	-
1201 Big Town Blvd, Dallas, TX 75227	006213000H0040000	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Usicvi 1201 Big Town Inc	Dallas	26.4	$ 44,887,500	2024-08-29	$ 88.23	2007	508,750	2
901 Distribution Dr, Wilmer, TX 75172	540151500B03R0000	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Usicvi 901 Distribution Drive Inc	Dallas	34.2	$ 25,536,000	2024-09-03	$ 76.27	2022	334,800	1

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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 ↕
—	951 Garden Ridge Blvd, Flower Mound , TX 75028	—	-	1,394,312	2006	650,000	$ 70,774,428	$ 11,154,496	-
Capital One Na	701 Lakeside Pkwy, Flower Mound, TX 75028	08/28/2025	$ 15,500,000	608,412	2006	305,150	$ 33,148,566	$ 4,867,296	Parsons Lakeside Llc
Lincoln Natl Life Insurance C	1445 Bradley Ln, Carrollton, TX 75007	06/20/2025	$ 67,250,000	131,551	1984	53,718	$ 4,100,000	$ 789,306	Stockbridge Bradley Skylane Lp
Cnb Bank	2801 Justin Rd, Flower Mound, TX 75028	06/18/2025	$ 1,040,184	33,541	2022	11,880	$ 1,370,785	$ 201,247	Ar Bort Farms Llc
Sln Interests Llc	344 Mcdonnell St, Lewisville, TX 75057	06/03/2025	$ 450,000	20,291	1985	12,000	$ 1,633,133	$ 202,910	Push Start Play Llc
Independent Bank	567 Bennett Ln, Lewisville, TX 75057	05/05/2025	$ 1,000,000	19,598	1982	13,421	$ 713,627	$ 195,980	Rpb Holdings Llc
Comerica Bank	1044 Texan Tr, Grapevine, TX 76051	04/17/2025	$ 3,500,000	65,002	2020	29,639	$ 4,186,809	$ 747,523
Barclays Bank Plc	1655 Waters Ridge Dr, Lewisville, TX 75057	03/26/2025	$ 200,000,000	878,928	1996	367,744	$ 45,023,971	$ 5,273,565
First United Bank & Trust Co	Benjamins Way, Lewisville, TX 75057	03/07/2025	$ 3,444,000	13,790	0	0	$ 94,829	$ 82,740	-
First United Bank & Trust Co	587 Benjamins Way, Lewisville, TX 75057	03/07/2025	$ 3,444,000	13,728	1997	4,080	$ 275,243	$ 82,368
Frost Bank	525 Commerce St, Southlake, TX 76092	02/13/2025	$ 3,665,813	54,240	1995	19,950	$ 2,094,750	$ 298,320	Shitake 287 Llc

Mean$ 121,905,165

Median$ 3,472,000.0

Loan Amount Range$ 300,000 - $ 1,900,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
951 GARDEN RIDGE PKWY, FLOWER MOUND, TX 75028-4063	THIRTY ONE GIFTS	4693127900	GIFT SHOPS

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License Details

This details prefers to stay low-key.

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