16220 Phoebe Rd, Frisco, TX 75035 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2021Total Assessed Value $93,531,916County Collin

Property Details

The Apartments property 16220 Phoebe Rd, Frisco, TX 75035 is located in Collin County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $93,531,916.

The gross building area is 493,621 square feet and the land area is 740,433 square feet for this Apartment Garden (1 - 4 stories) built in 2021.

Legal description: Grove Frisco, The (Cfr), Blk A, Lot 3

$93,531,916

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 16220 Phoebe Rd, Frisco, TX 75035, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area493,621

Land Size740,433

Land Value$8,885,195

Improved Value$84,646,721

Total Assessed Value$93,531,916

Year Built2021

County NameCollin

Account Number2807390

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories1

Sales History

7/10/2024

Arms-lengthNot Disclosed

Buyer

Frisco Apartments Acquisitions I Llc

Seller

Jefferson At The Grove Owner Llc

Book Number

2024.83368

Recording Date

7/10/2024

Transaction Details

Frisco Apartments Acquisitions I Llc acquired the property from Jefferson At The Grove Owner Llc through a Arms-length transaction on 7/10/2024 for .

7/9/2024

In-house$93,765,000

Buyer

Frisco Apartments Acquisitions I Llc

Seller

Jefferson At The Grove Owner Llc

Book Number

2024.83367

Recording Date

7/9/2024

Transaction Details

Frisco Apartments Acquisitions I Llc acquired the property from Jefferson At The Grove Owner Llc through a In-house transaction on 7/9/2024 for $93,765,000.

7/9/2024

Arms-length$93,765,000

Buyer

Frisco Apartments Acquisitions I Llc

Seller

Jefferson At The Grove Owner Llc

Book Number

2024.83365

Recording Date

7/9/2024

Transaction Details

Frisco Apartments Acquisitions I Llc acquired the property from Jefferson At The Grove Owner Llc through a Arms-length transaction on 7/9/2024 for $93,765,000.

Property constructed in 2021

YSale Price (USD) byXSales Year

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Mortgage History

7/9/2024

New construction residential transactions$70,500,000

Borrower

Frisco Apartments Acquisitions I Llc

Lender

Berkadia Commercial Mtg Llc

Book Number

2024.83369

Recording Date

7/9/2024

Transaction Details

Frisco Apartments Acquisitions I Llc borrowed the property from Berkadia Commercial Mtg Llc through a New construction residential transactions transaction on 7/9/2024 for $70,500,000.

10/27/2020

Arms length residential transactions purchase or resales$3,812,700

Borrower

Jefferson At The Grove Owner L

Lender

Book Number

2020.1871220

Recording Date

10/27/2020

Transaction Details

Jefferson At The Grove Owner L borrowed the property from through a Arms length residential transactions purchase or resales transaction on 10/27/2020 for $3,812,700.

Property constructed in 2021

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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	$8,885,195	$87,209,487	$96,094,682	$96,094,682	Frisco Apartments Ac...	19000 W Bluemound Rd	Grove Frisco, The (C...	-	S11998	740,433	493,621
2025	$8,885,195	$84,646,721	$93,531,916	$93,531,916	Frisco Apartments Ac...	Frisco Apartments Ac...	Grove Frisco, The (C...	-	S11998	740,433	493,621
2024	$8,885,195	$86,146,385	$95,031,580	$95,031,580	Jefferson At The Gro...	600 Las Colinas Blvd...	Grove Frisco, The (C...	-	S11998	740,433	493,621
2023	$8,885,195	$57,161,338	$66,046,533	$66,046,533	Jefferson At The Gro...	600 Las Colinas Blvd...	Grove Frisco, The (C...	-	S11998	740,433	493,621
2022	$2,686,726	$6,532,539	$9,219,265	$9,219,265	Jefferson At The Gro...	600 Las Colinas Blvd...	Grove Frisco, The (C...	-	S11998	202,772	150,302
2021	$2,534,648	-	$2,534,648	$2,534,648	Jefferson At The Gro...	600 Las Colinas Blvd...	Grove Frisco, The (C...	-	S11998	202,772	-
2020	$2,433,262	-	$2,433,262	$2,433,262	Nash Fm 3537 Llc	C/o Newland Real Est...	Grove Frisco, The (C...	-	S11998	202,772	-

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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 ↕
16220 Phoebe Rd, Frisco, TX 75035	2807390	Apartments	Apartment Garden (1 - 4 stories)	Frisco Apartments Acquisitions I Llc &	Collin	-	$ 93,765,000	2024-07-09	$ 189.95	2021	493,621	-
7201 Stacy Rd Unit33, Mckinney, TX 75070	2838477	Apartments	Apartment Garden (1 - 4 stories)	Trg Stacy Alma Llc &	Collin	1.6	$ 64,584,800	2025-11-21	$ 139.06	2022	464,454	33
3191 Medical Center Dr Unit348, Mckinney, TX 75069	2512772	Apartments	Apartment Garden (1 - 4 stories)	Housing Authority Of The City Of Mckinney Texas	Collin	6.1	$ 117,754,210	2024-10-17	$ 365.72	2001	321,982	348
2001 E Spring Creek Pkwy Unit300, Plano, TX 75074	2070489	Apartments	Apartment Garden (1 - 4 stories)	Spring Creek Fee Owner Llc	Collin	7.2	$ 58,235,380	2024-08-21	$ 201.08	1997	289,620	300
7777 Adelaide St, Frisco, TX 75034	678793	Apartments	Apartment Garden (1 - 4 stories)	Hp Maxwell Llc	Denton	6.6	$ 57,216,600	2025-05-13	$ 172.15	2017	332,361	325
5225 Town Country Blvd, Frisco, TX 75034	500870	Apartments	Apartment Garden (1 - 4 stories)	Nap Rovello Stonebriar Commons Lp	Denton	7.6	$ 41,634,320	2025-10-28	$ 132.23	2016	314,855	216
701 Legacy Dr Unit346, Plano, TX 75023	2058069	Apartments	Apartment Garden (1 - 4 stories)	701 Legacy Drive Llc &	Collin	5.9	$ 44,688,000	2025-09-29	$ 131.26	1996	340,451	346
6300 Windcrest Dr Unit380, Plano, TX 75024	2058512	Apartments	Apartment Garden (1 - 4 stories)	Key Creekside Llc	Collin	7.5	$ 87,279,920	2024-09-26	$ 227.99	1996	382,817	380
5225 Town And Country Blvd, Frisco, TX 75034	2778074	Apartments	Apartment Garden (1 - 4 stories)	Nap Ravello Stonebriar Commons Lp	Collin	7.5	$ 35,546,900	2025-10-28	$ 113.99	2016	311,855	216
3700 Preston Rd Unit302, Plano, TX 75093	1976049	Apartments	Apartment Garden (1 - 4 stories)	Simfa Lakeshore Fee Simple Llc	Collin	7.8	$ 54,983,530	2024-09-26	$ 212.30	1991	258,988	302
3700 Legacy Dr Unit 320 Unit320, Frisco, TX 75034	2087227	Apartments	Apartment Garden (1 - 4 stories)	Srgmf Iv Legacy Drive Frisco Llc	Collin	6.6	$ 86,117,500	2025-08-25	$ 223.86	1999	384,698	320

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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 ↕
—	16220 Phoebe Rd, Frisco, TX 75035	—	-	740,433	2021	493,621	$ 93,531,916	$ 8,885,195	-
Mttbst Trust	2949 Parkwood Blvd Unit345, Frisco, TX 75034	09/04/2025	$ 39,500,000	274,689	2015	383,157	$ 84,635,832	$ 5,493,787	Creekwood Frisco Gaylord Llc
Wells Fargo Bank Na	8100 Memorial Ln Unit144, Plano, TX 75024	08/29/2025	$ 116,000,000	463,958	2007	366,350	$ 43,227,050	$ 6,959,363
Wells Fargo Bank Na	8123 Ohio Dr Unit276, Plano, TX 75024	08/29/2025	$ 116,000,000	495,321	1998	262,102	$ 39,901,893	$ 7,429,815
Wells Fargo Bank Na	8123 Ohio Dr Unit191, Plano, TX 75024	08/29/2025	$ 116,000,000	898,469	1998	212,507	$ 27,709,648	$ 13,477,035
Kcore Lending I Lp	2300 Kathryn Ln Unit480, Plano, TX 75025	08/19/2025	$ 77,185,000	1,470,760	1998	495,308	$ 89,672,296	$ 22,061,400	Ch Realty Xmf Plano 23 Hundre
Mozaic Loan Acquisition Lp	5775 Blairview St Unit357, Frisco, TX 75034	07/29/2025	$ 57,500,000	162,087	2022	416,345	$ 72,531,363	$ 4,538,429	Tbeqr Remy Property Owner Lp
Citibank Na	5701 Mckinney Place Dr, Mckinney, TX 75070	07/18/2025	$ 60,475,000	610,798	2017	447,578	$ 83,665,113	$ 7,634,979	Kinstead Mckinney Property Lp
Ing Capital Llc	8900 Independence Pkwy Unit324, Plano, TX 75025	07/11/2025	$ 4,750,000	821,803	2000	384,766	$ 57,240,818	$ 14,792,453
Aml Funding Llc	1519 Teresa Ann Ln, Allen, TX 75013	06/18/2025	$ 418,400	5,305	2023	2,196	$ 490,110	$ 153,615
Berkadia Commercial Mtg Llc	7450 Stonebrook Pkwy Unit202, Frisco, TX 75034	06/09/2025	$ 627,211	542,191	2006	188,557	$ 23,750,000	$ 5,421,913	Watermark Parkview Owner Llc

Mean$ 52,969,196

Median$ 45,948,500.0

Loan Amount Range$ 38,265 - $ 157,700,000

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