3953 Grand Lakes Way, Grand Prairie, TX 75050 – Storage Warehouse/Storage Facility

Warehouse and StorageYear Built 2007Total Assessed Value $77,046,350County Dallas

Property Details

The Warehouse and Storage property 3953 Grand Lakes Way, Grand Prairie, TX 75050 is located in Dallas County. The specific property type is Storage Warehouse/Storage Facility. The total assessed value of this property is $77,046,350.

The gross building area is 1,080,000 square feet and the land area is 2,223,215 square feet for this Storage Warehouse/Storage Facility built in 2007.

Legal description: Grand Lakes Business Park Ph 2 Blk A Lot 1R Acs 51.038 Vol2004145/04708 Dd07202004 Co-Dc 0723000A00100 6Cp0723000A

$77,046,350

Market Value

N/A

Cap Rate

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NOI

N/A

Occupancy

Avg Rent

Property Image of 3953 Grand Lakes Way, Grand Prairie, TX 75050, Warehouse and Storage

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Property Information

Property TypeWarehouse and Storage

Sub Property TypeStorage Warehouse/Storage Facility

Building Area1,080,000

Land Size2,223,215

Land Value$4,001,790

Improved Value$73,044,560

Total Assessed Value$77,046,350

Year Built2007

County NameDallas

Account Number280723000A01R0000

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningWindow\unit

HeatingPartial

Type ConstructionTilt up pre cast concrete

No of Stories1

Sales History

10/3/2022

Other$1,162,862,280

Buyer

Duke Realty Lp

Seller

Book Number

Recording Date

10/3/2022

Transaction Details

Duke Realty Lp acquired the property from through a Other transaction on 10/3/2022 for $1,162,862,280.

Property constructed in 2007

YSale Price (USD) byXSales Year

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Mortgage History

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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	$4,001,790	$89,653,530	$93,655,320	$93,655,320	Duke Realty Lp	1800 Wazee St Ste 50...	Grand Lakes Business...	2PS003	-	2,223,215	1,080,000
2025	$4,001,790	$73,044,560	$77,046,350	$77,046,350	Duke Realty Lp	Prologics Lp Re Tax ...	Grand Lakes Business...	2PS003	Grand Lakes Business...	2,223,215	1,080,000
2024	$4,001,790	$73,044,460	$77,046,250	$77,046,250	Duke Realty Lp	1800 Wazee St Ste 50...	Grand Lakes Business...	2PS003	GRAND LAKES BUSINESS...	2,223,215	1,080,000
2023	$4,001,790	$56,040,210	$60,042,000	$60,042,000	Duke Realty Lp	% Prologics Lp-re Ta...	Grand Lakes Business...	2PS003	GRAND LAKES BUSINESS...	2,223,215	1,080,000
2022	$4,001,790	$51,135,360	$55,137,150	$55,137,150	Duke Realty Lp	% Jeanne Coyle, Po B...	Grand Lakes Business...	2PS003	-	2,223,215	1,080,000
2021	$4,001,790	$47,479,700	$51,481,490	$51,481,490	Duke Realty Lp	% Jeanne Coyle, Po B...	Grand Lakes Business...	2PS003	GRAND LAKES BUSINESS...	2,223,215	1,080,000
2020	$4,001,790	$44,496,640	$48,498,430	$48,498,430	Duke Realty Lp	% Jeanne Coyle, Po B...	Grand Lakes Business...	2PS003	-	2,223,215	1,080,000
2019	$4,001,790	$40,498,210	$44,500,000	$44,500,000	Duke Realty Lp	% Jeanne Coyle, Po B...	Grand Lakes Business...	2PS003	GRAND LAKES BUSINESS...	2,223,215	1,080,000
2018	$4,001,790	$39,679,830	$43,681,620	$43,681,620	Duke Realty Lp	% Jeanne Coyle, Po B...	Grand Lakes Business...	2PS003	GRAND LAKES BUSINESS...	2,223,215	1,080,000
2017	$4,001,790	$36,705,090	$40,706,880	$40,706,880	Duke Realty Lp	% Jeanne Coyle, Po B...	Grand Lakes Business...	2PS003	GRAND LAKES BUSINESS...	2,223,215	1,080,000

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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 ↕
3953 Grand Lakes Way, Grand Prairie, TX 75050	280723000A01R0000	Warehouse and Storage	Storage Warehouse/Storage Facility	Duke Realty Lp	Dallas	-	-	-	-	2007	1,080,000	-
1201 Chase Rd, Mesquite, TX 75149	38190610020010000	Warehouse and Storage	Storage Warehouse/Storage Facility	Lcg2i 1201 Chase Road Llc	Dallas	17.6	$ 32,707,466	2024-07-16	$ 61.70	2000	530,100	-
501 W Danieldale Rd, Desoto, TX 75115	207577200A0010000	Warehouse and Storage	Storage Warehouse/Storage Facility	Harvest A Southfield 35 Llc	Dallas	9.6	$ 73,150,000	2023-09-26	$ 64.95	2014	1,126,320	-
2500 Industrial Blvd, Ponca City, OK 74601	1990-20-026-02E-1-010-00	Warehouse and Storage	Storage Warehouse/Storage Facility	Abs Dfw Investor Llc	Kay	275.7	$ 7,825,000	2024-12-31	$ 18.29	1984	427,875	-
111empireblvd, Brookshire, TX 77423	263415	Warehouse and Storage	Storage Warehouse/Storage Facility	Srpf Bempire West Phase Ii Lp	Waller	215.4	$ 125,020,000	2026-01-29	$ 120.10	2021	1,041,000	-
5828 Commerce Dr, Whitestown, IN 46075	06-03-01-000-044.000-020	Warehouse and Storage	Storage Warehouse/Storage Facility	Commerce Whitestown Llc & Congareecommerce	Boone	774.0	$ 24,522,122	2023-12-18	$ 59.99	2019	408,804	-
3700 Display Dr, Charlotte, NC 28273	201-141-25	Warehouse and Storage	Storage Warehouse/Storage Facility	Welcome Industrial Sub 71 Llc	Mecklenburg	935.3	$ 40,500,000	2024-01-31	$ 87.20	2001	464,440	-
18975 Marbach Ln, San Antonio, TX 78266	53750	Warehouse and Storage	Storage Warehouse/Storage Facility	Evans Marbach Llc	Comal	233.3	$ 15,500,000	2022-06-10	$ 41.55	1994	373,018	-
950 Trey St, Jeffersonville, IN 47130	10-42-05-200-027.000-039	Warehouse and Storage	Storage Warehouse/Storage Facility	Wsdc Llc	Clark	746.5	$ 36,500,000	2024-10-29	$ 85.28	2017	427,988	-
7185 Amanda Northern Rd, Canal Winchester, OH 43110	036-00299.00	Warehouse and Storage	Storage Warehouse/Storage Facility	Res Canal Winchester I Llc	Fairfield	933.3	$ 1,950,700	2023-03-28	$ 2.58	2023	756,088	1
6887 W 350, Greenfield, IN 46140	30-05-13-302-012.004-006	Warehouse and Storage	Storage Warehouse/Storage Facility	Greenfield Distribution Holding Llc	Hancock	788.0	$ 76,000,000	2022-06-22	$ 77.07	2007	986,112	-

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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 ↕
—	3953 Grand Lakes Way, Grand Prairie, TX 75050	—	-	2,223,215	2007	1,080,000	$ 77,046,350	$ 4,001,790	-
Bank Of The West	1902 Parkside Dr, Irving, TX 75061	07/10/2025	$ 300,014	9,911	1969	2,840	$ 181,296	$ 24,780
Bank Of The West	1904 Parkside Dr, Irving, TX 75061	07/10/2025	$ 300,014	6,676	1961	3,540	$ 246,542	$ 16,690
Plainscapital Bank	810 W Pioneer Dr, Irving, TX 75061	06/09/2025	$ 1,400,000	55,365	2002	10,200	$ 1,335,690	$ 166,100	Hancock Trusts
Citizens Natl Bank Of Texas	1511 E Main St, Grand Prairie, TX 75050	04/17/2025	$ 100,000	85,813	1945	6,525	$ 324,948	$ 171,630
Dominion Bank	4025 Singleton Blvd, Dallas, TX 75212	03/13/2025	$ 2,000,000	398,922	1962	71,170	$ 2,990,112	$ 997,310
City Bank	519 N Main St, Irving, TX 75061	03/13/2025	$ 4,500,000	30,750	1985	9,600	$ 571,200	$ 184,500
Mustang Credit Solutions Llc	2825 S Ledbetter Dr, Dallas, TX 75211	12/13/2024	$ 550,000	466,876	2023	5,820	$ 653,670	$ 267,950	Longhorn Lodge Dallas Llc
First Mid Bank & Trust Na Na	2310 Chalk Hill Rd, Dallas, TX 75212	12/11/2024	$ 1,500,000	90,000	1952	27,028	$ 713,268	$ 450,000
Sumitomo Mitsui Banking Corp	3701 La Reunion Pkwy, Dallas, TX 75212	12/10/2024	$ 200,000,000	142,528	1974	69,975	$ 5,856,000	$ 712,640	Wa Triangle Industrial Llc
Sumitomo Mitsui Banking Corp	3609 Pipestone Rd, Dallas, TX 75212	12/10/2024	$ 200,000,000	146,187	1999	90,000	$ 9,416,700	$ 730,940	Wa Triangle Industrial Llc

Mean$ 35,991,090

Median$ 961,670.5

Loan Amount Range$ 100,000 - $ 200,000,000

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License Details

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