W Ih 20, Grand Prairie, TX 75052 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2017Total Assessed Value $71,200,000County Tarrant

Property Details

The Apartments property W Ih 20, Grand Prairie, TX 75052 is located in Tarrant County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $71,200,000.

The gross building area is 368,004 square feet and the land area is 605,222 square feet for this Apartment Garden (1 - 4 stories) built in 2017.

Legal description: Quadrangles On I20 Block 2R Lot 1R

$71,200,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of W Ih 20, Grand Prairie, TX 75052, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area368,004

Land Size605,222

Land Value$2,118,280

Improved Value$69,081,720

Total Assessed Value$71,200,000

Year Built2017

County NameTarrant

Account Number42064595

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories3

Number of Units337

Sales History

2/15/2024

Arms-length$49,210,000

Buyer

Bel Twenty Limited Partnership

Seller

Grand Prairie 20 Lp

Book Number

2024.27290

Recording Date

2/15/2024

Transaction Details

Bel Twenty Limited Partnership acquired the property from Grand Prairie 20 Lp through a Arms-length transaction on 2/15/2024 for $49,210,000.

9/29/2015

Arms-length$33,750,000

Buyer

Grand Prairie 20 Lp

Seller

E S Frankfurt Management Inc

Book Number

D215223881

Recording Date

9/29/2015

Transaction Details

Grand Prairie 20 Lp acquired the property from E S Frankfurt Management Inc through a Arms-length transaction on 9/29/2015 for $33,750,000.

Property constructed in 2017

YSale Price (USD) byXSales Year

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Mortgage History

2/15/2024

New construction residential transactions$37,000,000

Borrower

Bel Twenty Limited Partnership

Lender

Fannie Mae

Book Number

Recording Date

2/15/2024

Transaction Details

Bel Twenty Limited Partnership borrowed the property from Fannie Mae through a New construction residential transactions transaction on 2/15/2024 for $37,000,000.

9/29/2015

Reo and trustee deeds$27,000,000

Borrower

Grand Prairie 20 Lp

Lender

Comerica Bank Na

Book Number

D215223882

Recording Date

9/29/2015

Transaction Details

Grand Prairie 20 Lp borrowed the property from Comerica Bank Na through a Reo and trustee deeds transaction on 9/29/2015 for $27,000,000.

Property constructed in 2017

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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	$2,118,280	$78,345,475	$80,463,755	$80,463,755	Bel Twenty Lp	One Post Office Squa...	Quadrangles On I20 B...	Aptgsid	33206	605,223	368,004
2024	$2,118,280	$69,081,720	$71,200,000	$71,200,000	Bel Twenty Lp	One Post Office Squa...	Quadrangles On I20 B...	APT-GSID	Apt-Gsid	605,222	368,004
2023	$2,118,280	$55,581,720	$57,700,000	$57,700,000	Grand Prairie 20 Lp	10440 N Central Expy...	Quadrangles On I20 B...	APT-GSID	Apt-Gsid	605,222	368,004
2022	$2,118,280	$52,631,720	$54,750,000	$54,750,000	Grand Prairie 20 Lp	10440 N Central Expy...	Quadrangles On I20 B...	APT-GSID	Apt-Gsid	605,222	368,004
2021	$2,118,280	$50,881,720	$53,000,000	$53,000,000	Grand Prairie 20 Lp	5950 Sherry Ln Ste 2...	Quadrangles On I20 B...	APT-GSID	APT-GSID	605,222	368,004
2020	$2,118,280	$48,381,720	$50,500,000	$50,500,000	Grand Prairie 20 Lp	5950 Sherry Ln Ste 2...	Quadrangles On I20 B...	APT-GSID	APT-GSID	605,222	368,004
2019	$2,118,280	$27,381,720	$29,500,000	$29,500,000	Grand Prairie 20 Lp	5950 Sherry Ln Ste 2...	Quadrangles On I20 B...	APT-GSID	APT-GSID	605,222	310,236
2018	$1,815,669	$13,304,331	$15,120,000	$15,120,000	Grand Prairie 20 Lp	5950 Sherry Ln Ste 2...	Quadrangles On I20 B...	RET-Arling	RET-Arling	605,222	310,236
2017	$1,513,058	-	$1,513,058	$1,513,058	Grand Prairie 20 Lp	5950 Sherry Ln Ste 2...	Quadrangles On I20 B...	RET-Arling	RET-Arling	605,223	-
2016	$1,494,901	-	$1,494,901	$1,494,901	Grand Prairie 20 Lp	5950 Sherry Ln Ste 2...	QUADRANGLES ON I20 B...	RET-Arling	RET-Arlington/Centre...	605,223	-

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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 ↕
W Ih 20, Grand Prairie, TX 75052	42064595	Apartments	Apartment Garden (1 - 4 stories)	Bel Twenty Lp	Tarrant	-	$ 49,210,000	2024-02-15	$ 133.72	2017	368,004	337
1225 Ih 20, Grand Prairie, TX 75052	28103730010020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	1.7	$ 85,600,000	2024-12-20	$ 176.39	2021	485,300	380
2650 S Forum Dr, Grand Prairie, TX 75052	40975517	Apartments	Apartment Garden (1 - 4 stories)	Cw Forum Llc	Tarrant	0.8	$ 40,358,850	2024-11-19	$ 119.51	2005	337,690	304
251 E Bardin Rd, Arlington, TX 76018	07697163	Apartments	Apartment Garden (1 - 4 stories)	Ranchthree0five Nrde Llc	Tarrant	3.5	$ 32,854,990	2024-12-30	$ 162.44	2003	202,262	226
6165 Ridge Center Dr, Dallas, TX 75236	00000816038101100	Apartments	Apartment Garden (1 - 4 stories)	Jefferson Cedar Ridge Llc	Dallas	7.1	$ 63,042,000	2025-11-07	$ 165.19	2022	381,633	360
320 W Pleasant Run Rd, Cedar Hill, TX 75104	16037720000010000	Apartments	Apartment Garden (1 - 4 stories)	Jpt Cedar Hill Investco I Llc	Dallas	7.8	$ 56,867,500	2024-11-26	$ 151.94	2018	374,277	300
735 Washington Dr, Arlington, TX 76011	42642581	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corporat	Tarrant	7.3	$ 79,096,300	2024-12-13	$ 172.39	2020	458,819	346
401 N State Hwy 360, Mansfield, TX 76063	42662484	Apartments	Apartment Garden (1 - 4 stories)	Pleasanton Housing Finance Cor	Tarrant	7.7	$ 70,323,750	2024-09-06	$ 207.32	2021	339,196	354
365 Uptown Blvd, Cedar Hill, TX 75104	160456400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bw Midtown Cedar Hill Llc	Dallas	8.1	$ 59,045,350	2025-10-16	$ 132.34	2013	446,164	354
2000 Nahvi Rd, Mansfield, TX 76063	42821400	Apartments	Apartment Garden (1 - 4 stories)	Ch Realty Ixjlb Mf Dallas Man	Tarrant	8.3	$ 66,832,500	2025-08-21	$ 156.64	2022	426,667	1
800 Lake Carolyn Pkwy, Irving, TX 75039	320044000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bcm Atlantic Lakeshore Lofts	Dallas	14.9	$ 61,479,250	2024-12-09	$ 176.06	2007	349,199	341

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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 ↕
—	W Ih 20, Grand Prairie, TX 75052	—	-	605,222	2017	368,004	$ 71,200,000	$ 2,118,280	-
Northmarq Capital Llc	1625 Constitution Pkwy, Arlington, TX 76010	09/10/2025	$ 20,894,000	667,578	1970	250,163	$ 38,377,331	$ 1,168,262	-
Berkadia Commercial Mtg Llc	700 Timber Oaks Ln, Grand Prairie, TX 75051	08/21/2025	$ 2,937,000	659,634	2003	252,946	$ 21,800,000	$ 1,147,763	Wf Timber Oaks Arlington Llc
Berkeley Point Capital Llc	1500 E Arbrook Blvd, Arlington, TX 76014	08/20/2025	$ 35,553,000	1,533,747	1998	529,992	$ 79,249,520	$ 4,026,086	-
Berkeley Point Capital Llc	4940 S State Hwy 360, Grand Prairie, TX 75052	08/01/2025	$ 14,171,000	369,780	2005	171,367	$ 10,395,850	$ 795,029	At Owner 15 Lp
Acre Credit Fund Ii Gs Ii Llc	250 W Arbrook Blvd, Arlington, TX 76014	06/27/2025	$ 28,250,000	165,497	2017	226,405	$ 26,500,000	$ 1,365,351
Pnc Bank Na	2020 S Cooper St, Arlington, TX 76013	06/23/2025	$ 15,000,000	631,010	1984	257,077	$ 39,962,620	$ 946,515	Shadow Brook Mutual Housing Co
Cbre Capital Markets Inc	575 W Dickey Rd, Grand Prairie, TX 75051	06/18/2025	$ 14,100,000	493,012	1981	174,042	$ 19,375,000	$ 986,020	Mia Cottonwood Llc
Arbor Realty Sr Inc	Bardin Rd, Grand Prairie, TX	05/15/2025	$ 50,000,000	1,018,748	2022	298,234	$ 28,664,102	$ 3,565,618	South Central Development Llc
Wells Fargo Bank Na	602 Pioneer Pkwy, Grand Prairie, TX 75051	04/11/2025	$ 36,829,000	651,470	1970	254,686	$ 31,375,100	$ 1,302,940	Pioneer Parkway Owner Llc
Cbre Capital Markets Inc	3099 Parham Dr, Grand Prairie, TX 75052	03/31/2025	$ 10,179,000	371,131	1985	126,216	$ 20,481,718	$ 1,298,958	Hlc Mosaic Windscape Llc

Mean$ 31,451,846

Median$ 19,390,000.0

Loan Amount Range$ 442,000 - $ 305,546,000

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