5080 Spectrum Dr, Addison, TX 75001 – Office Building Low Rise 1 - 4 stories

OfficeYear Built 1982Total Assessed Value $93,224,650County Dallas

Property Details

The Office property 5080 Spectrum Dr, Addison, TX 75001 is located in Dallas County. The specific property type is Office Building Low Rise 1 - 4 stories. The total assessed value of this property is $93,224,650.

The gross building area is 629,873 square feet and the land area is 0 square feet for this Office Building Low Rise 1 - 4 stories built in 1982.

Legal description: Spectrum Center-Quorum North Rev Blk 3 Tr 1 Acs 7.256 Impts Only Int202200091820 Dd03312022 Co-Dc 0055300300199 31000553003

$93,224,650

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 5080 Spectrum Dr, Addison, TX 75001, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building Low Rise 1 - 4 stories

Building Area629,873

Land Size0

Land Value$0

Improved Value$93,224,650

Total Assessed Value$93,224,650

Year Built1982

County NameDallas

Account Number10005530030019900

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space2078

HeatingCentral

PoolN

Type ConstructionFrame

No of Stories3

Garage TypeParking structure 0

Food & BeveragesRestaurant,Restaurants

ServicesFood Service,Property Manager on Site,24/7 Building Access,Day Care

SignboardSignage

TransportationBus Line,Bus Line, Card Key Access

UtilitiesDry cleaner,Conferencing Facility

Atrium1

Sales History

3/31/2022

Arms-length$160,225,100

Buyer

Spectrum Drive Llc

Seller

Copspectrum Center Llc

Book Number

2.022E+11

Recording Date

3/31/2022

Transaction Details

Spectrum Drive Llc acquired the property from Copspectrum Center Llc through a Arms-length transaction on 3/31/2022 for $160,225,100.

12/17/2010

Arms-lengthNot Disclosed

Buyer

Cop Spectrum Center Llc

Seller

Cumberland Office Park Llc

Book Number

201000321813

Recording Date

12/17/2010

Transaction Details

Cop Spectrum Center Llc acquired the property from Cumberland Office Park Llc through a Arms-length transaction on 12/17/2010 for .

4/8/2008

Other$90,500,000

Buyer

Seller

Book Number

Recording Date

4/8/2008

Transaction Details

acquired the property from through a Other transaction on 4/8/2008 for $90,500,000.

5/16/2001

Arms-lengthNot Disclosed

Buyer

Spectrum Center Partners

Seller

Book Number

200101387029

Recording Date

5/16/2001

Transaction Details

Spectrum Center Partners acquired the property from through a Arms-length transaction on 5/16/2001 for .

11/10/1992

Arms-lengthNot Disclosed

Buyer

Hazelwood Prop Iii Inc

Seller

Spectrum Center Ltd P S

Book Number

199202218018

Recording Date

11/10/1992

Transaction Details

Hazelwood Prop Iii Inc acquired the property from Spectrum Center Ltd P S through a Arms-length transaction on 11/10/1992 for .

Property constructed in 1982

YSale Price (USD) byXSales Year

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Mortgage History

3/31/2022

New construction residential transactions$120,470,000

Borrower

Spectrum Drive Owner Llc

Lender

Fs Creit Originator Llc

Book Number

2022.91821

Recording Date

3/31/2022

Transaction Details

Spectrum Drive Owner Llc borrowed the property from Fs Creit Originator Llc through a New construction residential transactions transaction on 3/31/2022 for $120,470,000.

8/3/2007

Helocs both purchase money and non purchase money helocs$228,889,218

Borrower

Crescent Spectrum Center Lp

Lender

Barclays Capital Real Estate Inc

Book Number

2007.293295

Recording Date

8/3/2007

Transaction Details

Crescent Spectrum Center Lp borrowed the property from Barclays Capital Real Estate Inc through a Helocs both purchase money and non purchase money helocs transaction on 8/3/2007 for $228,889,218.

Property constructed in 1982

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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 ↕	GBA (SF) ↕
2026	-	$89,798,250	$89,798,250	$89,798,250	Spectrum Drive Owner...	411 W Putnam Ave	Spectrum Center-Quor...	1CA002	-	629,873
2025	-	$89,798,250	$89,798,250	$89,798,250	Spectrum Drive Owner...	411 W Putnam Ave	Spectrum Center-Quor...	1CA002	Spectrum Center-Quor...	629,873
2024	-	$90,048,250	$90,048,250	$90,048,250	Spectrum Drive Owner...	411 W Putnam Ave	Spectrum Center-Quor...	1Ca002	SPECTRUM CENTER-QUOR...	629,873
2023	-	$93,348,250	$93,348,250	$93,348,250	Spectrum Drive Owner...	411 W Putnum Ave	Spectrum Center-Quor...	1CA002	SPECTRUM CENTER-QUOR...	629,873
2022	-	$88,023,250	$88,023,250	$88,023,250	Cop Sepectrum Center...	5601 Granite Pkwy St...	Spectrum Center-Quor...	1CA002	-	629,873
2021	-	$81,758,250	$81,758,250	$81,758,250	Cop Sepectrum Center...	5601 Granite Pkwy St...	Spectrum Center-Quor...	1CA002	SPECTRUM CENTER-QUOR...	629,873
2020	-	$84,598,250	$84,598,250	$84,598,250	Cop Sepectrum Center...	5601 Granite Pkwy St...	Spectrum Center-Quor...	1CA002	-	629,873
2019	-	$80,798,250	$80,798,250	$80,798,250	Cop Sepectrum Center...	5601 Granite Pkwy St...	Spectrum Center-Quor...	1CA002	SPECTRUM CENTER-QUOR...	629,873
2018	-	$78,098,250	$78,098,250	$78,098,250	Cop Sepectrum Center...	5601 Granite Pkwy St...	Spectrum Center-Quor...	1CA002	SPECTRUM CENTER-QUOR...	629,873
2017	-	$76,698,250	$76,698,250	$76,698,250	Cop Sepectrum Center...	5601 Granite Pkwy St...	Spectrum Center-Quor...	1CA002	SPECTRUM CENTER-QUOR...	629,873

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Showing 1 to 10 of 18 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 ↕
5080 Spectrum Dr, Addison, TX 75001	10005530030019900	Office	Office Building Low Rise 1 - 4 stories	Spectrum Drive Owner Llc	Dallas	-	$ 160,225,100	2022-03-31	$ 254.38	1982	629,873	-
2221 Lakeside Blvd, Richardson, TX 75082	42076680010030000	Office	Office Building Low Rise 1 - 4 stories	Lakeside Commercial Lp	Dallas	6.7	$ 27,132,000	2024-11-08	$ 32.53	1991	833,937	-
5320 Legacy Dr, Plano, TX 75024	2623491	Office	Office Building Low Rise 1 - 4 stories	Raising Cane S Restaurants Llc	Collin	8.4	$ 42,575,000	2024-08-13	$ 107.95	1988	394,405	-
5360 Legacy Dr, Plano, TX 75024	2643898	Office	Office Building Low Rise 1 - 4 stories	Tcal Property Owner Llc	Collin	8.4	$ 29,925,000	2024-11-22	$ 75.87	1985	394,405	-
5340 Legacy Dr, Plano, TX 75024	2645994	Office	Office Building Low Rise 1 - 4 stories	Tcal Property Owner Llc	Collin	8.2	$ 29,925,000	2024-11-22	$ 75.84	1985	394,605	-
12400 Coit Rd, Dallas, TX 75251	007752000A0080000	Office	Office Building Low Rise 1 - 4 stories	Churchill Tower Llc	Dallas	4.1	$ 5,320,000	2024-06-27	$ 18.11	1999	293,806	-
8111 Lbj Fwy, Dallas, TX 75251	0077560E0009B0000	Office	Office Building Low Rise 1 - 4 stories	Silver Star Cre Llc	Dallas	3.9	$ 10,319,603	2024-08-14	$ 38.07	1982	271,089	-
2400 Dallas Pkwy, Plano, TX 75093	2107904	Office	Office Building Low Rise 1 - 4 stories	Pc 2400 Ll Llc	Collin	5.4	$ 24,671,500	2025-06-27	$ 96.87	1999	254,691	-
750 W John W Carpenter Fwy, Irving, TX 75038	32258050000010000	Office	Office Building Low Rise 1 - 4 stories	Cci Freeway Office Properties	Dallas	9.2	$ 53,200,000	2024-07-19	$ 171.53	1998	310,150	-
6460 Las Colinas Blvd, Irving, TX 75039	32048590010010000	Office	Office Building Low Rise 1 - 4 stories	Citigroup Technology Inc	Dallas	8.3	$ 64,888,040	2024-12-09	$ 269.65	2005	240,639	-
6700 Lbj Fwy, Dallas, TX 75240	00000733275500000	Office	Office Building Low Rise 1 - 4 stories	Trinity Bible Church Of Dallas	Dallas	3.0	$ 9,695,700	2024-08-02	$ 43.51	1979	222,858	-

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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 ↕
—	5080 Spectrum Dr, Addison, TX 75001	—	-	0	1982	629,873	$ 93,224,650	-	-
Credit Union Of Texas	14240 Midway Rd, Farmers Branch, TX 75244	09/08/2025	$ 1,472,300	161,304	1979	47,280	$ 3,906,460	$ 3,226,080	Tup Midway Lp
Veritex Community Bank	16400 Dallas Pkwy, Dallas, TX 75248	07/10/2025	$ 16,210,000	250,514	2014	128,914	$ 27,500,000	$ 5,636,570	Knoll Trail Office Partners Lp
Worthington Bank	3116 W Kellway Dr, Carrollton, TX 75006	06/26/2025	$ 2,260,000	53,884	1999	14,742	$ 2,498,920	$ 646,610	Black Polos Llc
Dominion Bank	16380 Addison Rd, Addison, TX 75001	06/13/2025	$ 1,500,000	23,958	2006	4,620	$ 1,297,930	$ 359,370	Scarborough Building Partners
Cbre Capital Markets Inc	14400 Dallas Pkwy, Dallas, TX 75254	05/29/2025	$ 55,628,000	34,107	1980	10,386	$ 1,300,000	$ 1,193,750	Westdale Davenport Ltd
Armstrong Bank	4300 Beltway Dr, Addison, TX 75001	05/27/2025	$ 1,778,873	25,051	1982	7,929	$ 905,890	$ 501,020	Cactus Diggers Llc
Texas Gulf Bank Na	13612 Gamma Rd, Farmers Branch, TX 75244	04/29/2025	$ 1,186,500	70,580	1971	20,000	$ 1,421,600	$ 1,411,600	Soa Properties Llc
Firstcitizens Bank & Trust Co	14200 Midway Rd Unit122, Farmers Branch, TX 75244	04/28/2025	$ 2,975,000	75,900	1976	24,192	$ 1,915,100	$ 1,821,600	14200 Midway Llc
Vista Bank	4570 Westgrove Rd, Addison, TX 75001	04/25/2025	$ 128,700	0	1985	114,159	$ 7,654,400	-	Westgrove Aviation Group Llc
Athene Annuity & Life Company	13737 Noel Rd, Dallas, TX 75240	04/03/2025	$ 63,397,000	121,633	1998	394,853	$ 83,351,080	$ 4,257,160	Galleria North Tower I Owner Lp

Mean$ 52,850,513

Median$ 2,130,000.0

Loan Amount Range$ 128,700 - $ 567,429,000

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
5080 SPECTRUM DR STE 902W, ADDISON, TX 75001-4649	FERGUSON, JERRY L AGT	9724554323	INSURANCE
5080 SPECTRUM DR STE 700E, ADDISON, TX 75001-4636	DALLAS BUSINESS CTR	9729809990	INSURANCEGROUP
5080 SPECTRUM DR STE 610E, ADDISON, TX 75001-6487	ADDISON DENTAL GROUP	9722332111	DENTISTS
5080 SPECTRUM DR # 1000, ADDISON, TX 75001-4648	DFM ASSOC	2142655580	EMPLOYMENT AGENCIES & OPPORTUNITIES
5080 SPECTRUM DR # 1200, ADDISON, TX 75001-4648	PHILLIPS, KELLY E DO	9727207772	PHYSICIANS & SURGEONS
5080 SPECTRUM DR # 1000, ADDISON, TX 75001-4648	ALPHA SOLUTIONS USA LLC	3473382220	BUSINESS SUPPORT SERVICE
5080 SPECTRUM DR, ADDISON, TX 75001-4648	TATUM LLC	9722001430	NONCLASSIFIED ESTABLISHMENTS
5080 SPECTRUM DR, ADDISON, TX 75001-4648	NATIONAL NEUROMONITORING	9722393265	NONCLASSIFIED ESTABLISHMENTS
5080 SPECTRUM DR, ADDISON, TX 75001-4648	MILESTONE REAL EST INVESTORS	9724902800	REAL ESTATE
5080 SPECTRUM DR STE 900E, ADDISON, TX 75001-6407	GIBBS, SCOTT	4692322100	INSURANCE CONSULTANTS & ADVISORS

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License Details

This details prefers to stay low-key.

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