515 Promenade Pkwy, Irving, TX 75039 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2020Total Assessed Value $95,000,000County Dallas

Property Details

The Apartments property 515 Promenade Pkwy, Irving, TX 75039 is located in Dallas County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $95,000,000.

The gross building area is 512,030 square feet and the land area is 224,159 square feet for this Apartment Garden (1 - 4 stories) built in 2020.

Legal description: Jefferson Promemenade Parkway Blk A Lt 2 Acs 5.146 Less Row Int202400253025 Dd12042024 Co-Dc 2422200A00200 1Ci2422200A

$95,000,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$3,031

Avg Rent

Property Image of 515 Promenade Pkwy, Irving, TX 75039, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area512,030

Land Size224,159

Land Value$6,724,770

Improved Value$88,275,230

Total Assessed Value$95,000,000

Year Built2020

County NameDallas

Account Number322422200A0020000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

PoolSwimming Pools

Type ConstructionFrame

No of Stories5

Bedrooms24

Bathrooms26

PatioAvailable

Access Gates1

Business Center1

Walk-in Closets1

Granite Countertops1

Steel Appliances1

10ft Ceilings1

Number of Units433

Exterior WallsBrick

Sales History

12/4/2024

Arms-length$117,385,000

Buyer

Pecos Housing Finance Corporation

Seller

Jefferson Promenade Parkway Phase 2 Llc

Book Number

Recording Date

12/4/2024

Transaction Details

Pecos Housing Finance Corporation acquired the property from Jefferson Promenade Parkway Phase 2 Llc through a Arms-length transaction on 12/4/2024 for $117,385,000.

8/2/2019

Arms-length$68,750,000

Buyer

Jefferson Promenade Parkway Phase 2 Llc

Seller

Mission Bay Properties Llc

Book Number

201900204236

Recording Date

8/2/2019

Transaction Details

Jefferson Promenade Parkway Phase 2 Llc acquired the property from Mission Bay Properties Llc through a Arms-length transaction on 8/2/2019 for $68,750,000.

10/30/2017

Arms-lengthNot Disclosed

Buyer

Jefferson Bpromenade Parkway Llc

Seller

Bh Oconnor Partnrers Lp

Book Number

2017.309979

Recording Date

10/30/2017

Transaction Details

Jefferson Bpromenade Parkway Llc acquired the property from Bh Oconnor Partnrers Lp through a Arms-length transaction on 10/30/2017 for .

10/30/2017

Arms-lengthNot Disclosed

Buyer

Mission Bay Properties Llc

Seller

Jefferson Promeade Parkway Phase 2 Llc

Book Number

2017.310850

Recording Date

10/30/2017

Transaction Details

Mission Bay Properties Llc acquired the property from Jefferson Promeade Parkway Phase 2 Llc through a Arms-length transaction on 10/30/2017 for .

Property constructed in 2020

YSale Price (USD) byXSales Year

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Mortgage History

12/4/2024

Non arms length transactions with valid title company name no accomodations$93,908,000

Borrower

Pecos Housing Finance Corporation

Lender

Berkadia Commercial Mtg Llc

Book Number

2024.253027

Recording Date

12/4/2024

Transaction Details

Pecos Housing Finance Corporation borrowed the property from Berkadia Commercial Mtg Llc through a Non arms length transactions with valid title company name no accomodations transaction on 12/4/2024 for $93,908,000.

8/2/2019

Reo and trustee deeds$55,000,000

Borrower

Jefferson Promenade Parkway Phase 2 Llc

Lender

Texas Capital Bank Na

Book Number

2019.204241

Recording Date

8/2/2019

Transaction Details

Jefferson Promenade Parkway Phase 2 Llc borrowed the property from Texas Capital Bank Na through a Reo and trustee deeds transaction on 8/2/2019 for $55,000,000.

Property constructed in 2020

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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	$6,724,770	$94,795,930	$101,520,700	$101,520,700	Pecos Housing Financ...	2320 Teague Ln	Jefferson Promemenad...	1ISC06	-	224,159	512,030
2025	$6,724,770	$81,383,690	$88,108,460	$88,108,460	Pecos Housing Financ...	2320 Teague Ln	Jefferson Promemenad...	1ISC06	Jefferson Promemenad...	224,159	512,030
2024	$6,724,770	$72,574,480	$79,299,250	$79,299,250	Jefferson Promenade ...	Phase 2 Llc 600 Las ...	Jefferson Promemenad...	1Isc06	JEFFERSON PROMEMENAD...	224,159	512,030
2023	$5,603,980	$72,574,480	$78,178,460	$78,178,460	Jefferson Promenade ...	Phase 2 Llc, 600 E L...	Jefferson Promemenad...	1ISC06	JEFFERSON PROMEMENAD...	224,159	512,030
2022	$4,483,180	$61,389,320	$65,872,500	$65,872,500	Jefferson Promenade ...	Phase 2 Llc, 600 E L...	Jefferson Promemenad...	1ISC06	-	224,159	512,030
2021	$4,483,180	$29,127,520	$33,610,700	$33,610,700	Jefferson Promenade ...	Phase 2 Llc, 600 E L...	Jefferson Promemenad...	1ISC06	JEFFERSON PROMEMENAD...	224,159	512,030
2020	$4,483,180	-	$4,483,180	$4,483,180	Jefferson Promenade ...	Phase 2 Llc, 600 E L...	Jefferson Promemenad...	1ISC06	-	224,159	-
2019	$4,483,180	-	$4,483,180	$4,483,180	Mission Bay Properti...	600 E Las Colinas St...	Jefferson Promemenad...	1ISC06	JEFFERSON PROMEMENAD...	224,159	-
2018	$4,483,180	-	$4,483,180	$4,483,180	Mission Bay Properti...	600 E Las Colinas St...	Jefferson Promemenad...	1ISC06	JEFFERSON PROMEMENAD...	224,159	-

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Showing 1 to 9 of 9 entries

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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 ↕
515 Promenade Pkwy, Irving, TX 75039	322422200A0020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	-	$ 117,385,000	2024-12-04	$ 229.25	2020	512,030	433
555 Promenade Pkwy, Irving, TX 75039	322422200A0010000	Apartments	Apartment Garden (1 - 4 stories)	Jdfw Ii Llc	Dallas	0.1	$ 156,940,000	2025-11-25	$ 342.12	2018	458,730	387
800 Lake Carolyn Pkwy, Irving, TX 75039	320044000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bcm Atlantic Lakeshore Lofts	Dallas	0.8	$ 61,479,250	2024-12-09	$ 176.06	2007	349,199	341
801 Lake Carolyn Pkwy, Irving, TX 75039	323111100A0010000	Apartments	Apartment Garden (1 - 4 stories)	Sam 801 Lasco Owner Llc	Dallas	0.8	$ 73,482,500	2024-12-19	$ 197.13	2016	372,753	422
11900 Commerce St, Farmers Branch, TX 75234	99220428900000000	Apartments	Apartment Garden (1 - 4 stories)	Kre Wren Owner Llc	Dallas	2.8	$ 95,760,000	2024-06-11	$ 230.84	2022	414,835	379
9921 W Valley Ranch Pkwy, Irving, TX 75063	320864600A03R0000	Apartments	Apartment Garden (1 - 4 stories)	Criterion International	Dallas	4.7	$ 42,301,980	2025-06-17	$ 156.48	2023	270,329	236
6411 Tranquilo, Irving, TX 75039	320056400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Pure La Villita Apts Llc	Dallas	1.5	$ 59,185,000	2025-09-12	$ 222.55	2006	265,944	306
101 Cimarron Trl, Irving, TX 75063	322737600A0010000	Apartments	Apartment Garden (1 - 4 stories)	Camden Operating Lp	Dallas	4.0	$ 42,932,400	2025-07-01	$ 147.00	1992	292,049	286
1415 S Broadway St, Carrollton, TX 75006	140005000R02R0000	Apartments	Apartment Garden (1 - 4 stories)	Crprpm Lyv Broadway Owner Lp	Dallas	5.5	$ 78,470,000	2024-06-28	$ 213.31	2019	367,875	390
1011 S Main St, Carrollton, TX 75006	141079400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Crprpm Lux On Main Owner Lp	Dallas	5.7	$ 68,495,000	2024-10-08	$ 212.89	2018	321,732	352
2525 State Hwy 360, Euless, TX 76039	40034755	Apartments	Apartment Garden (1 - 4 stories)	Gep Xi Harlowe Lp	Tarrant	7.8	$ 113,100,000	2024-12-19	$ 338.87	2000	333,755	486

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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 ↕
—	515 Promenade Pkwy, Irving, TX 75039	—	-	224,159	2020	512,030	$ 95,000,000	$ 6,724,770	-
Greystone Servicing Co Llc	1355 Meadow Creek Dr, Irving, TX 75038	06/04/2025	$ 20,725,000	538,470	1984	243,505	$ 39,878,700	$ 7,000,110	Akasa Vanam Limited Partnershi
Ameritas Life Insurance Corp	2727 W Walnut Hill Ln, Irving, TX 75038	06/01/2025	$ 8,300,000	326,700	1975	144,068	$ 24,440,000	$ 3,267,000	Lpd Realty Llc
Pgim Re Agency Financing Llc	5015 Courtside Dr, Irving, TX 75038	05/21/2025	$ 3,100,000	217,800	1982	104,875	$ 16,500,000	$ 871,200	Broadmoor Villa Inc
Regions Bank	1850 Mercer Pkwy, Farmers Branch, TX 75234	05/01/2025	$ 62,506,400	466,876	2018	578,538	$ 68,500,000	$ 3,735,010	Wria 20172 Lp
Arbor Commercial Funding I Llc	11661 Dennis Rd, Dallas, TX 75229	04/30/2025	$ 27,090,000	390,502	1974	210,128	$ 32,269,140	$ 3,124,020	Touro Midtown De Llc
Regions Bank	1900 Mercer Pkwy, Farmers Branch, TX 75234	04/28/2025	$ 61,034,400	429,589	2018	589,083	$ 67,497,560	$ 4,081,100	Wria 20174 Lp
Britain Shopping Center Llc	1900 Shoaf Dr, Irving, TX 75061	04/14/2025	$ 800,000	224,277	1963	101,923	$ 11,200,000	$ 672,830	Desi Center Inc
Jll Real Estate Capital Llc	5302 Carnaby St, Irving, TX 75038	03/31/2025	$ 37,700,000	403,017	1995	222,436	$ 53,312,030	$ 6,045,260	Montgomery Acquisition I Llc
Barclays Capital Re Inc	8801 Rodeo Dr, Irving, TX 75063	03/24/2025	$ 32,000,000	440,783	1986	174,548	$ 40,069,980	$ 2,644,700	Avalon 8801 Leasehold Llc
Firstcitizens Bank & Trust Co	8605 N Macarthur Blvd, Irving, TX 75063	01/22/2025	$ 30,500,000	487,293	1998	213,614	$ 43,500,000	$ 4,872,930

Mean$ 30,360,569

Median$ 27,545,000.0

Loan Amount Range$ 800,000 - $ 93,908,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

32093591124

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

2/6/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	IVI SANIT LLC
	Address Line	515 promenade pkwy apt 369
	City / State / Zip	irving TX 75039
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48113
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	75039
Registration Details	SOS Code	A

License Timeline

License Issued

2/6/2024

Currently Active

Status: -

Renewal Required

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