2140 Medical District Dr, Dallas, TX 75235 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2008Total Assessed Value $88,000,000County Dallas

Property Details

The Apartments property 2140 Medical District Dr, Dallas, TX 75235 is located in Dallas County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $88,000,000.

The gross building area is 387,309 square feet and the land area is 316,158 square feet for this Apartment Garden (1 - 4 stories) built in 2008.

Legal description: Alexan Southwestern Blk C/5746 Lt 2 Acs 7.258 Int202100376156 Dd12162021 Co-Dc 5746 00C 00200 6Da5746 00C

$88,000,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,762

Avg Rent

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area387,309

Land Size316,158

Land Value$12,646,320

Improved Value$75,353,680

Total Assessed Value$88,000,000

Year Built2008

County NameDallas

Account Number005746000C0020000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

PoolSwimming Pools

Roof TypeFlat

Type ConstructionFrame

No of Stories4

Garage TypeParking Garage

BasementNo basement

Bedrooms23

Bathrooms23

9ft Ceilings1

Granite Countertops1

Steel Appliances1

Number of Units396

Exterior WallsBrick

Sales History

12/16/2021

Arms-length$87,115,000

Buyer

Vibe Apartments Llc

Seller

Spus8 Vibe Lp

Book Number

2021.376156

Recording Date

12/16/2021

Transaction Details

Vibe Apartments Llc acquired the property from Spus8 Vibe Lp through a Arms-length transaction on 12/16/2021 for $87,115,000.

1/30/2017

Arms-length$50,375,000

Buyer

Spus8 Vibe Lp

Seller

Aerc 2140 Medical District Llc

Book Number

2017.29992

Recording Date

1/30/2017

Transaction Details

Spus8 Vibe Lp acquired the property from Aerc 2140 Medical District Llc through a Arms-length transaction on 1/30/2017 for $50,375,000.

8/1/2012

Arms-length$5,340,000

Buyer

Aerc 2140 Medical District Llc

Seller

Motor Street Apartments Limited Partners

Book Number

201200211699

Recording Date

8/1/2012

Transaction Details

Aerc 2140 Medical District Llc acquired the property from Motor Street Apartments Limited Partners through a Arms-length transaction on 8/1/2012 for $5,340,000.

Property constructed in 2008

YSale Price (USD) byXSales Year

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Mortgage History

12/17/2021

Sale$65,500,000

Borrower

Vibe Apartments Llc

Lender

Canadian Imperiall Bank Of Commerce

Book Number

202100376157

Recording Date

12/17/2021

Transaction Details

Vibe Apartments Llc borrowed the property from Canadian Imperiall Bank Of Commerce through a transaction on 12/17/2021 for $65,500,000.

1/30/2017

Sale$40,300,000

Borrower

Spus8 Vibe Lp

Lender

Citizens Bank Na

Book Number

2017.29993

Recording Date

1/30/2017

Transaction Details

Spus8 Vibe Lp borrowed the property from Citizens Bank Na through a transaction on 1/30/2017 for $40,300,000.

8/7/2015

Sale$43,413,000

Borrower

Aerc 2140 Medical District Llc

Lender

Wells Fargo Bank

Book Number

2015.212758

Recording Date

8/7/2015

Transaction Details

Aerc 2140 Medical District Llc borrowed the property from Wells Fargo Bank through a transaction on 8/7/2015 for $43,413,000.

Property constructed in 2008

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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	$12,646,320	$74,293,680	$86,940,000	$86,940,000	Vibe Apartments Llc	8343 Douglas Ave Ste...	Alexan Southwestern ...	1DSH9C	-	316,158	387,309
2025	$12,646,320	$62,953,680	$75,600,000	$75,600,000	Vibe Apartments Llc	8343 Douglas Ave Ste...	Alexan Southwestern ...	1DSH9C	Alexan Southwestern	316,158	387,309
2024	$12,646,320	$67,353,680	$80,000,000	$80,000,000	Vibe Apartments Llc	5728 Lyndon B Johnso...	Alexan Southwestern ...	1Dsh9C	ALEXAN SOUTHWESTERN	316,158	387,309
2023	$12,646,320	$67,353,680	$80,000,000	$80,000,000	Vibe Apartments Llc	5728 Lbj Freeway Ste...	Alexan Southwestern ...	1DSH9C	ALEXAN SOUTHWESTERN	316,158	387,309
2022	$12,646,320	$61,353,680	$74,000,000	$74,000,000	Vibe Apartments Llc	5728 Lbj Freeway Ste...	Alexan Southwestern ...	1DSH9C	-	316,158	387,309
2021	$11,065,530	$51,934,470	$63,000,000	$63,000,000	Spus8 Vibe Lp	Po Box 638	Alexan Southwestern ...	1DSH9C	ALEXAN SOUTHWESTERN	316,158	352,598
2020	$11,065,530	$48,634,470	$59,700,000	$59,700,000	Spus8 Vibe Lp	Po Box 638	Alexan Southwestern ...	1DSH9C	-	316,158	352,598
2019	$11,065,530	$46,434,470	$57,500,000	$57,500,000	Spus8 Vibe Lp	Po Box 638	Alexan Southwestern ...	1DSH9C	ALEXAN SOUTHWESTERN	316,158	352,598
2018	$9,484,740	$45,715,260	$55,200,000	$55,200,000	Spus8 Vibe Lp	800 Boylston St Ste ...	Alexan Southwestern ...	1DSH9C	ALEXAN SOUTHWESTERN	316,158	352,598
2017	$6,323,160	$48,876,840	$55,200,000	$55,200,000	Spus8 Vibe Lp	800 Boylston St Ste ...	Alexan Southwestern ...	1DSH9C	ALEXAN SOUTHWESTERN	316,158	352,598

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Showing 1 to 10 of 16 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 ↕
2140 Medical District Dr, Dallas, TX 75235	005746000C0020000	Apartments	Apartment Garden (1 - 4 stories)	Vibe Apartments Llc	Dallas	-	$ 87,115,000	2021-12-16	$ 224.92	2008	387,309	396
4123 Cedar Springs Rd, Dallas, TX 75219	001502000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	Cedar Springs I Llc &	Dallas	1.1	$ 158,381,617	2025-07-02	$ 544.83	2008	290,699	324
3700 Mckinney Ave Unit, Dallas, TX 75204	00C44890000100001	Apartments	Apartment Garden (1 - 4 stories)	Usl 3700m Llc &	Dallas	2.1	$ 146,300,000	2025-08-07	$ 341.91	2013	427,890	381
1531 Inspiration Dr, Dallas, TX 75207	001226000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Srgmf Iv Inspiration Dallas Llc	Dallas	1.5	$ 59,850,000	2025-11-11	$ 165.07	2008	362,566	309
305 W Commerce St, Dallas, TX 75208	006821000A0010000	Apartments	Apartment Garden (1 - 4 stories)	305 West Commerce Llc	Dallas	2.6	$ 50,646,400	2025-08-26	$ 168.54	2016	300,500	308
2781 N Carroll Ave, Dallas, TX 75204	002006001801D0000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	2.5	$ 108,777,500	2024-12-06	$ 309.71	2019	351,221	430
2217 Ivan St, Dallas, TX 75201	000998000102A0000	Apartments	Apartment Garden (1 - 4 stories)	Windsor At Turtle Creek Lp	Dallas	1.5	$ 110,872,125	2025-01-21	$ 238.11	1998	465,635	331
835 S Good Latimer Expy, Dallas, TX 75226	000157000301A0000	Apartments	Apartment Garden (1 - 4 stories)	Spi Good Latimer 340 De Llc &	Dallas	3.6	$ 47,893,300	2025-07-21	$ 127.66	2015	375,159	340
111 Morgan Ave, Dallas, TX 75203	003413000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	Beckley Oz Holdings Llc	Dallas	3.1	$ 64,837,500	2025-05-01	$ 252.61	2022	256,675	340
915 S Harwood St, Dallas, TX 75201	000120000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	La Villa Housing Finance Corp	Dallas	3.3	$ 66,566,500	2025-03-13	$ 206.97	2017	321,630	297
5349 Amesbury Dr, Dallas, TX 75206	00000394342300000	Apartments	Apartment Garden (1 - 4 stories)	Pcv Park Llc	Dallas	4.8	$ 42,094,500	2024-12-20	$ 139.46	1981	301,835	368

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Nearby Lenders

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Search:

Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	2140 Medical District Dr, Dallas, TX 75235	—	-	316,158	2008	387,309	$ 88,000,000	$ 12,646,320	-
Loancore Cap Credit Reit Llc	3301 Hudnall St, Dallas, TX 75235	05/16/2025	$ 54,000,000	418,263	2014	411,043	$ 72,050,000	$ 16,730,520	Kv Locale Apartments Llc
Midfirst Bank	2606 Kimsey Dr, Dallas, TX 75235	05/09/2025	$ 350,500	7,500	2023	6,588	$ 2,253,730	$ 375,000
Midfirst Bank	2606 Kimsey Dr, Dallas, TX 75235	05/07/2025	$ 347,600	7,500	2023	6,588	$ 2,253,730	$ 375,000
Velocity Commercial Cap Llc	2910 Throckmorton St, Dallas, TX 75219	02/27/2025	$ 2,600,000	32,296	1966	20,544	$ 3,750,000	$ 1,937,760	One Home Realty Ii Llc
Jll Real Estate Capital Llc	5150 Lemmon Ave, Dallas, TX 75209	02/27/2025	$ 60,000,000	134,165	2008	204,905	$ 38,376,300	$ 6,037,430
Sorsha Atlas Inc	2707 Shelby Ave, Dallas, TX 75219	02/20/2025	$ 2,600,000	30,000	1964	23,040	$ 6,336,000	$ 2,550,000	12ten Shelby Llc
The Bancorp Bank	5010 Maple Ave, Dallas, TX 75235	01/22/2025	$ 16,500,000	232,188	1963	137,480	$ 15,500,000	$ 9,287,520	Wsp Polanco Llc
Berkadia Commercial Mtg Llc	4625 Cedar Springs Rd, Dallas, TX 75219	01/20/2025	$ 6,695,000	35,800	1962	22,616	$ 3,096,936	$ 1,539,400	Chv Eclipse Property Owner Llc
Capital Fund I Llc	2910 Throckmorton St, Dallas, TX 75219	12/20/2024	$ 2,600,000	32,296	1966	20,544	$ 3,750,000	$ 1,937,760	One Home Realty Ii Llc
Grandbridge Re Capital Llc	2929 Wycliff Ave, Dallas, TX 75219	11/26/2024	$ 42,513,000	89,342	2006	190,069	$ 39,456,560	$ 5,360,520	Dallas 2929 Properties Ki Llc

Mean$ 25,097,258

Median$ 37,000,000.0

Loan Amount Range$ 347,600 - $ 60,000,000

Showing 1 to 10 of 26 entries

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Tenant Details

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Search:

Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2140 MEDICAL DISTRICT DR APT 2096, DALLAS, TX 75235-8263	21 FORTY MEDICAL	2145096289	APARTMENTS
2140 MEDICAL DISTRICT DR APT 2096, DALLAS, TX 75235-8263	21 FORTY MEDICAL	2145096289	STUDENT HOUSING
2140 MEDICAL DISTRICT DR, DALLAS, TX 75235-8077	KESSEL, DAVID	2145227575	HOME BUILDERS
2140 MEDICAL DISTRICT DR # 2, DALLAS, TX 75235-8077	LEVY, BRANDON MD	2145497755	PHYSICIANS & SURGEONS
2140 MEDICAL DISTRICT DR # 107, DALLAS, TX 75235-8077	VIBE MEDICAL DISTRICT APT	2149053490	REAL ESTATE INVESTMENTS
2140 MEDICAL DISTRICT DR # 109, DALLAS, TX 75235-8077	KALIA, JUNAID S MD	3129700587	PHYSICIANS & SURGEONS
2140 MEDICAL DISTRICT DR # 102, DALLAS, TX 75235-8077	EXCITURE MEDIA	9722468001	NONCLASSIFIED ESTABLISHMENTS
2140 MEDICAL DISTRICT DR # 2, DALLAS, TX 75235-8077	LEVY, BRANDON MD	2145497755	MEDICAL & SURGICAL SVC ORGANIZATIONS
2140 MEDICAL DISTRICT DR # 107, DALLAS, TX 75235-8077	VIBE MEDICAL DISTRICT APT	2149053490	HEALTH SERVICES
2140 MEDICAL DISTRICT DR # 2, DALLAS, TX 75235-8077	CRUZ, ANDREW	8065705777	NONCLASSIFIED ESTABLISHMENTS

Showing 1 to 10 of 10 entries

Tenant Industry Distribution

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License Details

License Number

32093413998

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

1/23/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	FTW CONNECTIONS LLC
	Address Line	2140 medical district dr apt 3
	City / State / Zip	dallas TX 75235
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	75235
Registration Details	SOS Code	A

License Timeline

License Issued

1/23/2024

Currently Active

Status: -

Renewal Required

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