1150 State St, Richardson, TX 75082 – Office Building High Rise 5+ stories

OfficeYear Built 2013Total Assessed Value $98,652,800County Collin

Property Details

The Office property 1150 State St, Richardson, TX 75082 is located in Collin County. The specific property type is Office Building High Rise 5+ stories. The total assessed value of this property is $98,652,800.

The gross building area is 384,538 square feet and the land area is 114,389 square feet for this Office Building High Rise 5+ stories built in 2013.

Legal description: Bush Central Station Addition (Crc), Blk H, Lot 2A; Amended)

$98,652,800

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 1150 State St, Richardson, TX 75082, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building High Rise 5+ stories

Building Area384,538

Land Size114,389

Land Value$4,918,708

Improved Value$93,734,092

Total Assessed Value$98,652,800

Year Built2013

County NameCollin

Account Number2719586

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningAir Conditioning

HeatingNone

Roof CoverHigh Ceilings

Type ConstructionOther

No of Stories1

Garage TypeOpen 7000

Food & BeveragesRestaurant

LightingNatural Light

SignboardSignage

TransportationCommuter Rail

Yard TypeCourtyard

Atrium1

Sales History

6/13/2024

Arms-length$199,500,000

Buyer

Jfsf Edgewood 13 Llc

Seller

Jfsf Edgewood Llc

Book Number

2024.72214

Recording Date

6/13/2024

Transaction Details

Jfsf Edgewood 13 Llc acquired the property from Jfsf Edgewood Llc through a Arms-length transaction on 6/13/2024 for $199,500,000.

10/30/2023

Arms-length$580,000,000

Buyer

Jfsf Edgewood Llc

Seller

Corporate Properties Trust I Spe 1 Llc

Book Number

2023.125770

Recording Date

10/30/2023

Transaction Details

Jfsf Edgewood Llc acquired the property from Corporate Properties Trust I Spe 1 Llc through a Arms-length transaction on 10/30/2023 for $580,000,000.

Property constructed in 2013

YSale Price (USD) byXSales Year

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Mortgage History

6/13/2024

New construction residential transactions$150,000,000

Borrower

Jfsf Edgewood 13 Llc

Lender

Morgan Stanley Pvt Bank Na

Book Number

2024.72215

Recording Date

6/13/2024

Transaction Details

Jfsf Edgewood 13 Llc borrowed the property from Morgan Stanley Pvt Bank Na through a New construction residential transactions transaction on 6/13/2024 for $150,000,000.

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	$5,033,097	$106,021,476	$111,054,573	$111,054,573	Jfsf Edgewood 13 Llc	5700 E Mcdonald Dr	Bush Central Station...	Corp	S10389	114,389	384,538
2025	$4,918,708	$93,734,092	$98,652,800	$98,652,800	Jfsf Edgewood 13 Llc	5700 E Mcdonald Dr	Bush Central Station...	Corp	S10389	114,389	384,538
2024	$4,804,320	$93,848,480	$98,652,800	$98,652,800	Jfsf Edgewood 1-3 Ll...	5700 E Mcdonald Dr	Bush Central Station...	CORP	S10389	114,389	384,538
2023	$4,689,931	$116,875,252	$121,565,183	$121,565,183	Corporate Properties...	C/o Transwestern Inv...	Bush Central Station...	CORP	S10389	114,389	384,538
2022	$4,575,542	$115,786,158	$120,361,700	$120,361,700	Corporate Properties...	C/o Transwestern Inv...	Bush Central Station...	CORP	S10389	114,389	384,538
2021	$4,003,600	$115,166,400	$119,170,000	$119,170,000	Corporate Properties...	8235 Douglas Ave Ste...	Bush Central Station...	CORP	S10389	114,389	384,538
2020	$3,774,822	$129,992,129	$133,766,951	$133,766,951	Corporate Properties...	C/o Transwestern Inv...	Bush Central Station...	CORP	S10389	114,389	384,538
2019	$3,431,657	$108,970,423	$112,402,080	$112,402,080	Corporate Properties...	C/o Transwestern Inv...	Bush Central Station...	CORP	S10389	114,389	384,538
2018	$2,859,714	$110,934,099	$113,793,813	$113,793,813	Corporate Properties...	C/o Transwestern Inv...	Bush Central Station...	CORP	S10389	114,389	384,538
2017	$2,859,714	$105,464,286	$108,324,000	$108,324,000	Corporate Properties...	C/o Transwestern Inv...	Bush Central Station...	-	S10389	114,389	384,538

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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 ↕
1150 State St, Richardson, TX 75082	2719586	Office	Office Building High Rise 5+ stories	Jfsf Edgewood 13 Llc	Collin	-	$ 199,500,000	2024-06-13	$ 518.80	2013	384,538	-
14221 Dallas Pkwy, Farmers Branch, TX 75254	240655200B0010000	Office	Office Building High Rise 5+ stories	Ip2 Owner Lp	Dallas	8.2	$ 104,172,250	2024-09-03	$ 256.58	2000	406,000	-
13737 Noel Rd, Dallas, TX 75240	007003000B01A0000	Office	Office Building High Rise 5+ stories	Ipers Galleria North Tower I Inc	Dallas	8.2	$ 84,318,010	2025-04-03	$ 213.54	1998	394,853	-
7300 State Hwy 121, Mckinney, TX 75070	2833975	Office	Office Building High Rise 5+ stories	Kdp D121 I Lp	Collin	9.4	$ 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	8.2	$ 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	11.3	$ 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	8.0	$ 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	8.2	$ 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	8.0	$ 29,925,000	2024-11-22	$ 75.84	1985	394,605	-
4144 N Central Expy, Dallas, TX 75204	00000193551000000	Office	Office Building High Rise 5+ stories	Whitestone Uptown Tower Llc	Dallas	14.0	$ 41,017,200	2025-07-17	$ 153.62	1982	267,000	-
12400 Coit Rd, Dallas, TX 75251	007752000A0080000	Office	Office Building Low Rise 1 - 4 stories	Churchill Tower Llc	Dallas	7.0	$ 5,320,000	2024-06-27	$ 18.11	1999	293,806	-

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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 ↕
—	1150 State St, Richardson, TX 75082	—	-	114,389	2013	384,538	$ 98,652,800	$ 4,918,708	-
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
Bokf National Association	1410 E Renner Rd, Richardson, TX 75082	07/31/2025	$ 15,000,000	303,121	1999	122,300	$ 17,900,000	$ 8,487,388	Bh 1410 East Renner Road Llc
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
Comerica Bank	251 Renner Pkwy, Richardson, TX 75080	06/04/2025	$ 6,565,000	128,206	1982	42,884	$ 6,565,000	$ 1,538,469	Aung Enterprise 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

Mean$ 33,466,783

Median$ 9,348,451.0

Loan Amount Range$ 1,000,000 - $ 150,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1150 STATE ST # 120, RICHARDSON, TX 75082-2134	FLEMING, PATRICIA P DDS	9725306703	DENTISTS
1150 STATE ST, RICHARDSON, TX 75082-2134	KDC VIBE 8660	2152383795	NONCLASSIFIED ESTABLISHMENTS
1150 STATE ST, RICHARDSON, TX 75082-2134	GOOD UNION URBAN BBQ	4699134890	RESTAURANTS
1150 STATE ST, RICHARDSON, TX 75082-2134	GOOD UNION BBQ	9722344204	RESTAURANTS

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License Details

This details prefers to stay low-key.

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