11600 Luna Rd, Farmers Branch, TX 75234 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2013Total Assessed Value $79,205,340County Dallas

Property Details

The Apartments property 11600 Luna Rd, Farmers Branch, TX 75234 is located in Dallas County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $79,205,340.

The gross building area is 284,707 square feet and the land area is 437,778 square feet for this Apartment Garden (1 - 4 stories) built in 2013.

Legal description: Mercer Crossing South Blk A Lt 1 Acs 10.050 Int201700183309 Dd06292017 Co-Dc 4161100A00100 9Cf4161100A

$79,205,340

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,763

Avg Rent

Property Image of 11600 Luna Rd, Farmers Branch, TX 75234, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area284,707

Land Size437,778

Land Value$4,158,890

Improved Value$75,046,450

Total Assessed Value$79,205,340

Year Built2013

County NameDallas

Account Number244161100A0010000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

PoolSwimming Pools

Type ConstructionFrame

No of Stories2

Garage TypeCovered Parking/Carport,Detached Garages

Bedrooms31

Bathrooms29

PatioAvailable

Wood DeckAvailable

Access Gates1

Business Center1

Walk-in Closets1

Emergency Maintenance1

Number of Units299

Exterior WallsBrick

Sales History

6/29/2017

Arms-length$69,000,000

Buyer

Mercer Aqauisition Llc

Seller

Mercer Luna Peroperty Llc

Book Number

2017.183309

Recording Date

6/29/2017

Transaction Details

Mercer Aqauisition Llc acquired the property from Mercer Luna Peroperty Llc through a Arms-length transaction on 6/29/2017 for $69,000,000.

10/16/2013

Arms-lengthNot Disclosed

Buyer

Mercer Luna Property Llc

Seller

Mercer Luna Lp

Book Number

2013.328441

Recording Date

10/16/2013

Transaction Details

Mercer Luna Property Llc acquired the property from Mercer Luna Lp through a Arms-length transaction on 10/16/2013 for .

9/12/2012

Other$3,283,335

Buyer

Seller

Book Number

Recording Date

9/12/2012

Transaction Details

acquired the property from through a Other transaction on 9/12/2012 for $3,283,335.

Property constructed in 2013

YSale Price (USD) byXSales Year

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Mortgage History

6/29/2017

New construction residential transactions$55,200,000

Borrower

Mercer Aqauisition Llc

Lender

Barings Multifamily Capital Llc

Book Number

2017.183310

Recording Date

6/29/2017

Transaction Details

Mercer Aqauisition Llc borrowed the property from Barings Multifamily Capital Llc through a New construction residential transactions transaction on 6/29/2017 for $55,200,000.

12/21/2015

Sale$26,386,291

Borrower

Mercer Luna Property Llc

Lender

Comerica Bank Na

Book Number

201500335367

Recording Date

12/21/2015

Transaction Details

Mercer Luna Property Llc borrowed the property from Comerica Bank Na through a transaction on 12/21/2015 for $26,386,291.

3/14/2014

Sale$1,860,000

Borrower

Provident Realty Advisors Inc

Lender

Book Number

Recording Date

3/14/2014

Transaction Details

Provident Realty Advisors Inc borrowed the property from through a transaction on 3/14/2014 for $1,860,000.

10/17/2013

Sale$26,386,291

Borrower

Mercer Luna Property Llc

Lender

Comerica Bank Na

Book Number

201300334554

Recording Date

10/17/2013

Transaction Details

Mercer Luna Property Llc borrowed the property from Comerica Bank Na through a transaction on 10/17/2013 for $26,386,291.

Property constructed in 2013

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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	$4,158,890	$68,408,410	$72,567,300	$72,567,300	Mercer Acquisition L...	19000 W Bluemound Rd	Mercer Crossing Sout...	1AS001	-	437,778	284,707
2025	$4,158,890	$58,989,530	$63,148,420	$63,148,420	Mercer Acquisition L...	Mlg Fund Accounting ...	Mercer Crossing Sout...	1AS001	Mercer Crossing Sout...	437,778	284,707
2024	$4,158,890	$62,513,920	$66,672,810	$66,672,810	Mercer Acquisition L...	19000 W Bluemound Rd	Mercer Crossing Sout...	1AS001	MERCER CROSSING SOUT...	437,778	284,707
2023	$4,158,890	$60,458,010	$64,616,900	$64,616,900	Mercer Acquisition L...	%mlg Fund Accounting...	Mercer Crossing Sout...	1AS001	MERCER CROSSING SOUT...	437,778	284,707
2022	$4,158,890	$46,947,110	$51,106,000	$51,106,000	Mercer Acquisition L...	Suite 270, 13400 Bis...	Mercer Crossing Sout...	1AS001	-	437,778	284,707
2021	$4,158,890	$42,247,790	$46,406,680	$46,406,680	Mercer Acquisition L...	Suite 270, 13400 Bis...	Mercer Crossing Sout...	1AS001	MERCER CROSSING SOUT...	437,778	284,707
2020	$4,158,890	$41,396,110	$45,555,000	$45,555,000	Mercer Acquisition L...	Suite 270, 13400 Bis...	Mercer Crossing Sout...	1AS001	-	437,778	284,707
2019	$4,158,890	$38,470,880	$42,629,770	$42,629,770	Mercer Acquisition L...	Suite 270, 13400 Bis...	Mercer Crossing Sout...	1AS001	MERCER CROSSING SOUT...	437,778	284,707
2018	$4,158,890	$38,135,260	$42,294,150	$42,294,150	Mercer Acquisition L...	Suite 270, 13400 Bis...	Mercer Crossing Sout...	1AS001	MERCER CROSSING SOUT...	437,778	284,707
2017	$3,283,340	$35,616,660	$38,900,000	$38,900,000	Mercer Acquisition L...	Suite 270, 13400 Bis...	Mercer Crossing Sout...	1AS001	MERCER CROSSING SOUT...	437,778	284,707

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Showing 1 to 10 of 14 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 ↕
11600 Luna Rd, Farmers Branch, TX 75234	244161100A0010000	Apartments	Apartment Garden (1 - 4 stories)	Mercer Acquisition Llc	Dallas	-	$ 69,000,000	2017-06-29	$ 242.35	2013	284,707	299
6411 Tranquilo, Irving, TX 75039	320056400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Pure La Villita Apts Llc	Dallas	1.3	$ 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	2.6	$ 42,932,400	2025-07-01	$ 147.00	1992	292,049	286
555 Promenade Pkwy, Irving, TX 75039	322422200A0010000	Apartments	Apartment Garden (1 - 4 stories)	Jdfw Ii Llc	Dallas	2.3	$ 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	2.8	$ 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	2.7	$ 73,482,500	2024-12-19	$ 197.13	2016	372,753	422
8801 Rodeo Dr, Irving, TX 75063	325597700A0010000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance	Dallas	2.9	$ 42,560,000	2025-03-24	$ 243.83	1986	174,548	212
9921 W Valley Ranch Pkwy, Irving, TX 75063	320864600A03R0000	Apartments	Apartment Garden (1 - 4 stories)	Criterion International	Dallas	3.4	$ 42,301,980	2025-06-17	$ 156.48	2023	270,329	236
515 Promenade Pkwy, Irving, TX 75039	322422200A0020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	2.3	$ 117,385,000	2024-12-04	$ 229.25	2020	512,030	433
1415 S Broadway St, Carrollton, TX 75006	140005000R02R0000	Apartments	Apartment Garden (1 - 4 stories)	Crprpm Lyv Broadway Owner Lp	Dallas	3.3	$ 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	3.5	$ 68,495,000	2024-10-08	$ 212.89	2018	321,732	352

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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 ↕
—	11600 Luna Rd, Farmers Branch, TX 75234	—	-	437,778	2013	284,707	$ 79,205,340	$ 4,158,890	-
Lument Real Estate Capital Llc	3514 Nogales Dr, Dallas, TX 75220	09/11/2025	$ 7,933,000	72,333	1962	36,114	$ 2,510,350	$ 470,160	Arawak Redevelopment Llc
Washington Federal Bank Na	11611 Luna Rd, Farmers Branch, TX 75234	08/25/2025	$ 15,250,000	217,974	1998	96,590	$ 17,612,000	$ 2,070,750	Luna Farmers Branch Hotel Llc
Cbre Capital Markets Inc	9921 W Valley Ranch Pkwy, Irving, TX 75063	06/17/2025	$ 31,806,000	230,376	2023	270,329	$ 34,982,400	$ 1,843,010	Intl Valley Ranch Re Llc
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
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
Cvi Loan Sub Holdings Iv Llc	9727 Dale Crest Dr, Dallas, TX 75220	04/21/2025	$ 128,000,000	274,384	1972	117,888	$ 18,101,030	$ 1,783,500	Spanish Pueblo Leasehold Llc
Prosperity Bank	11550 Luna Rd, Farmers Branch, TX 75234	04/14/2025	$ 2,494,174	296,337	1996	44,350	$ 13,363,170	$ 2,815,200	Mar Thoma Church Of Dallas Far
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

Mean$ 34,851,866

Median$ 29,250,000.0

Loan Amount Range$ 258,000 - $ 128,000,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

BQ973750

LIQUOR

Issued By

Malt

State Authority

Issue Date

2/21/2023

Original Issuance

Expire Date

2/21/2025

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	OKLAHOMA QUIKTRIP BEVERAGE COR
	Address Line	po box 2927
	City / State / Zip	tulsa OK 74101
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	74101
Registration Details	SOS Code

License Timeline

License Issued

2/21/2023

Currently Active

Status: -

Renewal Required

2/21/2025

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