16000 Dallas Pkwy, Dallas, TX 75248 – Office Building High Rise 5+ stories

OfficeYear Built 1997Total Assessed Value $85,961,320County Dallas

Property Details

The Office property 16000 Dallas Pkwy, Dallas, TX 75248 is located in Dallas County. The specific property type is Office Building High Rise 5+ stories. The total assessed value of this property is $85,961,320.

The gross building area is 385,078 square feet and the land area is 321,995 square feet for this Office Building High Rise 5+ stories built in 1997.

Legal description: Tollway Plaza 2 Blk B/8707 Lt 3A Acs 7.392 Int202400016039 Dd01242024 Co-Dc 8707 00B 03A00 0Da8707 00B

$85,961,320

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 16000 Dallas Pkwy, Dallas, TX 75248, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building High Rise 5+ stories

Building Area385,078

Land Size321,995

Land Value$5,795,910

Improved Value$80,165,410

Total Assessed Value$85,961,320

Year Built1997

County NameDallas

Account Number008707000B03A0000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningNone

Parking Space1258

HeatingNone

Type ConstructionFrame

No of Stories4

Garage TypeParking structure 0

Food & BeveragesRestaurant

UtilitiesConferencing Facility

Sales History

1/24/2024

Arms-length$55,195,000

Buyer

Bsp Tollway Propco Llc

Seller

Bgp Tollway Llc

Book Number

2024.16039

Recording Date

1/24/2024

Transaction Details

Bsp Tollway Propco Llc acquired the property from Bgp Tollway Llc through a Arms-length transaction on 1/24/2024 for $55,195,000.

11/10/2015

Other$88,500,000

Buyer

Bgp Tollway Llc Buchanan Street Partners Lp

Seller

Book Number

201500299907

Recording Date

11/10/2015

Transaction Details

Bgp Tollway Llc Buchanan Street Partners Lp acquired the property from through a Other transaction on 11/10/2015 for $88,500,000.

6/4/2015

Arms-lengthNot Disclosed

Buyer

Broadstone Bent Tree Apartments Lp

Seller

Sp6 Tollway Plaza Land Llc

Book Number

2015.152360

Recording Date

6/4/2015

Transaction Details

Broadstone Bent Tree Apartments Lp acquired the property from Sp6 Tollway Plaza Land Llc through a Arms-length transaction on 6/4/2015 for .

10/4/2012

Arms-lengthNot Disclosed

Buyer

Tollway Plaza Limited Partnership

Seller

Carr Np Tx Properties Lp

Book Number

2012.295706

Recording Date

10/4/2012

Transaction Details

Tollway Plaza Limited Partnership acquired the property from Carr Np Tx Properties Lp through a Arms-length transaction on 10/4/2012 for .

10/4/2012

Arms-lengthNot Disclosed

Buyer

Spus6 Tollway Plaza Lp

Seller

Tollway Plaza Limited Partnership

Book Number

2012.295708

Recording Date

10/4/2012

Transaction Details

Spus6 Tollway Plaza Lp acquired the property from Tollway Plaza Limited Partnership through a Arms-length transaction on 10/4/2012 for .

7/13/2006

ForeclosureNot Disclosed

Buyer

Carr Np Tx Properties Lp

Seller

Carr Development & Construction Lp

Book Number

2006.300659

Recording Date

7/13/2006

Transaction Details

Carr Np Tx Properties Lp acquired the property from Carr Development & Construction Lp through a Foreclosure transaction on 7/13/2006 for .

Property constructed in 1997

YSale Price (USD) byXSales Year

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Mortgage History

1/24/2024

New construction residential transactions$41,500,000

Borrower

Bsp Tollway Propco Llc

Lender

New York Life Insurance Co

Book Number

2024.16040

Recording Date

1/24/2024

Transaction Details

Bsp Tollway Propco Llc borrowed the property from New York Life Insurance Co through a New construction residential transactions transaction on 1/24/2024 for $41,500,000.

12/14/2012

Sale$40,000,000

Borrower

Spus6 Tollway Plaza Lp

Lender

Midland National Life Insurance Company

Book Number

2012.372206

Recording Date

12/14/2012

Transaction Details

Spus6 Tollway Plaza Lp borrowed the property from Midland National Life Insurance Company through a transaction on 12/14/2012 for $40,000,000.

Property constructed in 1997

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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	$5,795,910	$71,073,090	$76,869,000	$76,869,000	Bsp Tollway Propco L...	3501 Jamboree Rd Ste...	Tollway Plaza 2 Blk ...	1DSB05	-	321,995	385,078
2025	$5,795,910	$67,704,090	$73,500,000	$73,500,000	Bsp Tollway Propco L...	Buchanan Street Part...	Tollway Plaza 2 Blk ...	1DSB05	Tollway Plaza Add 2	321,995	385,078
2024	$5,795,910	$74,104,090	$79,900,000	$79,900,000	Bsp Tollway Propco L...	3501 Jamboree Rd Ste...	Tollway Plaza 2 Blk ...	1DSB05	TOLLWAY PLAZA ADD 2	321,995	385,078
2023	$5,795,910	$75,954,090	$81,750,000	$81,750,000	Bgp Tollway Llc	%buchanan Street Par...	Tollway Plaza 2 Blk ...	1DSB05	TOLLWAY PLAZA ADD 2	321,995	385,078
2022	$5,795,910	$64,204,090	$70,000,000	$70,000,000	Bgp Tollway Llc	%buchanan Street Par...	Tollway Plaza 2 Blk ...	1DSB05	-	321,995	385,078
2021	$5,795,910	$65,984,090	$71,780,000	$71,780,000	Bgp Tollway Llc	%buchanan Street Par...	Tollway Plaza 2 Blk ...	1DSB05	TOLLWAY PLAZA ADD 2	321,995	385,078
2020	$5,795,910	$64,954,090	$70,750,000	$70,750,000	Bgp Tollway Llc	%buchanan Street Par...	Tollway Plaza 2 Blk ...	1DSB05	-	321,995	385,078
2019	$5,795,910	$64,204,090	$70,000,000	$70,000,000	Bgp Tollway Llc	%buchanan Street Par...	Tollway Plaza 2 Blk ...	1DSB05	-	321,995	385,078
2018	$4,829,930	$65,170,070	$70,000,000	$70,000,000	Bgp Tollway Llc	%buchanan Street Par...	Tollway Plaza 2 Blk ...	1DSB05	-	321,995	385,078
2017	$4,829,930	$64,170,070	$69,000,000	$69,000,000	Bgp Tollway Llc	%buchanan Street Par...	Tollway Plaza 2 Blk ...	1DSB05	-	321,995	385,078

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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 ↕
16000 Dallas Pkwy, Dallas, TX 75248	008707000B03A0000	Office	Office Building High Rise 5+ stories	Bsp Tollway Propco Llc	Dallas	-	$ 55,195,000	2024-01-24	$ 143.33	1997	385,078	-
13737 Noel Rd, Dallas, TX 75240	007003000B01A0000	Office	Office Building High Rise 5+ stories	Ipers Galleria North Tower I Inc	Dallas	2.2	$ 84,318,010	2025-04-03	$ 213.54	1998	394,853	-
14221 Dallas Pkwy, Farmers Branch, TX 75254	240655200B0010000	Office	Office Building High Rise 5+ stories	Ip2 Owner Lp	Dallas	1.7	$ 104,172,250	2024-09-03	$ 256.58	2000	406,000	-
8750 N Central Expy, Dallas, TX 75231	00000404860000000	Office	Office Building High Rise 5+ stories	Rcs Park Lane Llc	Dallas	7.6	$ 69,678,700	2024-12-27	$ 135.93	1981	512,620	-
1150 State St, Richardson, TX 75082	2719586	Office	Office Building High Rise 5+ stories	Jfsf Edgewood 13 Llc	Collin	7.3	$ 199,500,000	2024-06-13	$ 518.80	2013	384,538	-
4144 N Central Expy, Dallas, TX 75204	00000193551000000	Office	Office Building High Rise 5+ stories	Whitestone Uptown Tower Llc	Dallas	10.7	$ 41,017,200	2025-07-17	$ 153.62	1982	267,000	-
7300 State Hwy 121, Mckinney, TX 75070	2833975	Office	Office Building High Rise 5+ stories	Kdp D121 I Lp	Collin	13.5	$ 49,210,000	2025-10-15	$ 247.14	2021	199,115	-
14800 Landmark Blvd, Addison, TX 75254	10005360000010000	Office	Office Building High Rise 5+ stories	Landmark Quorum Holdings Llc	Dallas	1.3	$ 20,833,120	2024-11-22	$ 134.79	1984	154,561	-
8201 Preston Rd, Dallas, TX 75225	00562400050010000	Office	Office Building High Rise 5+ stories	Trt Preston Sherry Llc	Dallas	7.3	$ 54,184,200	2025-07-22	$ 345.93	1986	156,635	-
5320 Legacy Dr, Plano, TX 75024	2623491	Office	Office Building Low Rise 1 - 4 stories	Raising Cane S Restaurants Llc	Collin	7.6	$ 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	7.6	$ 29,925,000	2024-11-22	$ 75.87	1985	394,405	-

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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 ↕
—	16000 Dallas Pkwy, Dallas, TX 75248	—	-	321,995	1997	385,078	$ 85,961,320	$ 5,795,910	-
Breds V Loan Holdings Smbc Llc	5949 Sherry Ln, Dallas, TX 75225	07/31/2025	$ 102,000,000	89,328	1982	325,000	$ 123,771,450	$ 11,612,640	Sterling Plaza Owner Lp
Bank Of The Orient	2054 N State Hwy 360, Grand Prairie, TX 75050	07/29/2025	$ 6,500,000	48,813	1982	0	$ 97,626	$ 97,626	Amco Partners Ltd
New York Life Insurance Co	2999 Olympus Blvd, Dallas, TX 75019	06/10/2025	$ 63,000,000	221,198	2020	322,377	$ 67,674,180	$ 1,769,580	Epccw13 Llc
Argentic Real Estate Finance L	8140 Walnut Hill Ln, Dallas, TX 75231	06/06/2025	$ 17,400,000	156,467	1981	169,795	$ 27,013,560	$ 2,347,010	Icm One Glen Lakes Lp
Maker 22 Llc	801 Calhoun St, Fort Worth, TX 76102	06/05/2025	$ 4,250,000	20,000	1917	1,024	$ 1,401,000	$ 1,400,000	Georgian Holdings Llc
First Liberty Bank	1901 N State Hwy 360, Arlington, TX 76006	05/29/2025	$ 4,822,066	16,553	1984	0	$ 107,594	$ 107,594	Ccinorth Hwy 360 Lp
First Liberty Bank	1901 N State Hwy 360, Grand Prairie, TX 76006	05/29/2025	$ 4,822,066	26,136	1984	149,058	$ 156,816	$ 156,816	Ccinorth Hwy 360 Lp
Overseachinese Bkng Corp Ltd	1825 Market Center Blvd, Dallas, TX 75207	04/29/2025	$ 6,696,902	152,024	1983	114,732	$ 9,317,000	$ 5,320,840	1825 Market Center Lp
Frost Bank	1785 State Hwy 26, Grapevine, TX 76051	04/02/2025	$ 16,000,000	130,564	2019	82,112	$ 12,475,157	$ 1,044,512
Goldman Sachs Bank Usa	8750 N Central Expy, Dallas, TX 75231	12/27/2024	$ 52,390,000	306,188	1981	512,620	$ 69,800,000	$ 30,618,800	Rcspark Lane Llc

Mean$ 73,131,244

Median$ 15,774,530.0

Loan Amount Range$ 1,000,000 - $ 567,429,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
16000 DALLAS PKWY, DALLAS, TX 75248-6607	EXTANT COMMERCIAL	9729924600	REAL ESTATE
16000 DALLAS PKWY, DALLAS, TX 75248-6607	IRIO	9729349000	NONCLASSIFIED ESTABLISHMENTS
16000 DALLAS PKWY STE 325, DALLAS, TX 75248-6690	FALCON REALTY ADVISORS LLC	9724048382	OFFICES OF REAL ESTATE AGENTS & BROKERS
16000 DALLAS PKWY STE 300, DALLAS, TX 75248-6609	WEBER CO	9727398472	REAL ESTATE
16000 DALLAS PKWY, DALLAS, TX 75248-6607	SMITH, E	4698281218	REAL ESTATE INSPECTION
16000 DALLAS PKWY, DALLAS, TX 75248-6607	E J SMITH ENTERPRISES	9725840525	NONCLASSIFIED ESTABLISHMENTS
16000 DALLAS PKWY STE 850, DALLAS, TX 75248-6613	SMITH ANGLIN FINANCIAL	2143739771	ACCOUNTANTS
16000 DALLAS PKWY STE 825, DALLAS, TX 75248-6604	CMC COMMERCIAL REALTY GROUP	9729313338	REAL ESTATE
16000 DALLAS PKWY STE 300, DALLAS, TX 75248-6609	MILLER, WAYNE R	9727398450	ASSOCIATIONS
16000 DALLAS PKWY STE 500, DALLAS, TX 75248-6619	BERRY CORP	6616163900	CRUDE PETROLEUM PIPELINES

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License Details

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