385 E Las Colinas Blvd, Irving, TX 75039 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 1987Total Assessed Value $173,454,080County Dallas

Property Details

The Apartments property 385 E Las Colinas Blvd, Irving, TX 75039 is located in Dallas County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $173,454,080.

The gross building area is 1,159,430 square feet and the land area is 753,283 square feet for this Apartment Garden (1 - 4 stories) built in 1987.

Legal description: Columbus Shore Blk A Lt 1 & 2 Acs 17.293 Int202100118997 Dd04222021 Co-Dc 0758500A00100 1Ci0758500A

$173,454,080

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,290

Avg Rent

Property Image of 385 E Las Colinas Blvd, Irving, TX 75039, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area1,159,430

Land Size753,283

Land Value$18,832,080

Improved Value$154,622,000

Total Assessed Value$173,454,080

Year Built1987

County NameDallas

Account Number320758500A0010000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

FireplaceFireplace - Gas

HeatingCentral

PoolSwimming Pools,Hot Tub/Spa/Jacuzzi

Type ConstructionFrame

No of Stories3

Garage TypeCovered Parking/Carport,Attached Garages,Detached Garages,Parking Garage

Bathrooms44

PatioAvailable

Wood DeckAvailable

Storage RoomAvailable

Access Gates1

Jogging Trail1

Valet Trash1

Walk-in Closets1

Emergency Maintenance1

Granite Countertops1

Steel Appliances1

Number of Units908

Elevator

Exterior WallsBrick

Sales History

4/22/2021

Arms-lengthNot Disclosed

Buyer

Alesio Gardens LP

Seller

Lake Carolyn Reit LLC

Book Number

202100118997

Recording Date

4/22/2021

Transaction Details

Alesio Gardens LP acquired the property from Lake Carolyn Reit LLC through a Arms-length transaction on 4/22/2021 for .

12/4/2014

Arms-lengthNot Disclosed

Buyer

Lake Carolyn Reit LLC

Seller

Mpa Las Colinas Limited Partnership

Book Number

2014.308601

Recording Date

12/4/2014

Transaction Details

Lake Carolyn Reit LLC acquired the property from Mpa Las Colinas Limited Partnership through a Arms-length transaction on 12/4/2014 for .

Property constructed in 1987

YSale Price (USD) byXSales Year

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Mortgage History

4/12/2023

Arms length residential transactions purchase or resales$122,200,000

Borrower

Alesio Gardens LP

Lender

Forethought Life Insurance Co

Book Number

2023.76824

Recording Date

4/12/2023

Transaction Details

Alesio Gardens LP borrowed the property from Forethought Life Insurance Co through a Arms length residential transactions purchase or resales transaction on 4/12/2023 for $122,200,000.

6/21/2012

Sale$47,750,000

Borrower

Metropolitan Properties Of America Inc

Lender

Book Number

Recording Date

6/21/2012

Transaction Details

Metropolitan Properties Of America Inc borrowed the property from through a transaction on 6/21/2012 for $47,750,000.

Property constructed in 1987

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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	$18,832,080	$142,355,820	$161,187,900	$161,187,900	Alesio Garden &	999 Waterside Dr Ste...	Columbus Shore Blk A...	1ISC06	-	753,283	1,159,430
2025	$18,832,080	$132,025,560	$150,857,640	$150,857,640	Alesio Garden &	999 Waterside Dr Ste...	Columbus Shore Blk A...	1ISC06	Columbus Shore	753,283	1,159,430
2024	$18,832,080	$140,167,920	$159,000,000	$159,000,000	Danielson,fire Wish ...	999 Waterside Dr Ste...	Columbus Shore Blk A...	1ISC06	COLUMBUS SHORE	753,283	1,159,430
2023	$15,065,660	$128,434,340	$143,500,000	$143,500,000	Alesio Garden &	% Harbor Internation...	Columbus Shore Blk A...	1ISC06	COLUMBUS SHORE	753,283	1,673,367
2022	$15,065,660	$101,542,340	$116,608,000	$116,608,000	Alesio Garden &	% Harbor Internation...	Columbus Shore Blk A...	1ISC06	-	753,283	1,159,430
2021	$15,065,660	$80,934,340	$96,000,000	$96,000,000	Alesio Garden &	% Harbor Internation...	Columbus Shore Blk A...	1ISC06	COLUMBUS SHORE	753,283	1,159,430
2020	$15,065,660	$80,934,340	$96,000,000	$96,000,000	Lake Carolyn Reit Ll...	% Lasalle Investment...	Columbus Shore Blk A...	1ISC06	-	753,283	1,159,430
2019	$15,065,660	$71,934,340	$87,000,000	$87,000,000	Lake Carolyn Reit Ll...	% Lasalle Investment...	Columbus Shore Blk A...	1ISC06	COLUMBUS SHORE	753,283	1,159,430
2018	$15,065,660	$64,884,340	$79,950,000	$79,950,000	Lake Carolyn Reit Ll...	% Lasalle Investment...	Columbus Shore Blk A...	1ISC06	COLUMBUS SHORE	753,283	1,159,430
2017	$9,039,400	$66,960,600	$76,000,000	$76,000,000	Lake Carolyn Reit Ll...	% Lasalle Investment...	Columbus Shore Blk A...	1ISC06	COLUMBUS SHORE	753,283	1,159,430

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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 ↕
385 E Las Colinas Blvd, Irving, TX 75039	320758500A0010000	Apartments	Apartment Garden (1 - 4 stories)	Alesio Garden &	Dallas	-	-	-	-	1987	1,159,430	908
2800 Brazos Blvd, Euless, TX 76034	41563670	Apartments	Apartment Garden (1 - 4 stories)	1045 Edge Llc	Tarrant	9.9	$ 101,080,000	2025-08-28	$ 161.82	2012	624,642	417
6550 Shady Brook Ln, Dallas, TX 75206	005413000A02A0000	Apartments	Apartment Garden (1 - 4 stories)	Pcv Dakota Llc	Dallas	10.2	$ 81,795,000	2024-12-20	$ 121.27	2006	674,474	496
2217 Ivan St, Dallas, TX 75201	000998000102A0000	Apartments	Apartment Garden (1 - 4 stories)	Windsor At Turtle Creek Lp	Dallas	8.7	$ 110,872,125	2025-01-21	$ 238.11	1998	465,635	331
6541 Shady Brook Ln, Dallas, TX 75206	005412000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	Pcv Hill Llc	Dallas	10.0	$ 58,972,200	2024-12-20	$ 118.14	1970	499,180	454
3700 Mckinney Ave Unit, Dallas, TX 75204	00C44890000100001	Apartments	Apartment Garden (1 - 4 stories)	Usl 3700m Llc &	Dallas	9.1	$ 146,300,000	2025-08-07	$ 341.91	2013	427,890	381
365 Uptown Blvd, Cedar Hill, TX 75104	160456400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bw Midtown Cedar Hill Llc	Dallas	18.8	$ 59,045,350	2025-10-16	$ 132.34	2013	446,164	354
520 Samuels Ave, Fort Worth, TX 76102	41407628	Apartments	Apartment Garden (1 - 4 stories)	Housing Authority Of The City	Tarrant	24.0	$ 6,650,000	2024-08-06	$ 14.49	2008	459,030	370
8240 Meadow Rd, Dallas, TX 75231	005213000E0010000	Apartments	Apartment Garden (1 - 4 stories)	Wp Midtown Mf Dfw Owner Llc &	Dallas	10.2	$ 51,657,200	2025-04-15	$ 118.48	2016	436,012	422
5575 Harvest Hill Rd, Dallas, TX 75230	00000662174000000	Apartments	Apartment Garden (1 - 4 stories)	Asd Entro Property Owner Llc &	Dallas	8.2	$ 51,085,300	2024-06-27	$ 124.16	1969	411,436	404
800 Lake Carolyn Pkwy, Irving, TX 75039	320044000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bcm Atlantic Lakeshore Lofts	Dallas	0.3	$ 61,479,250	2024-12-09	$ 176.06	2007	349,199	341

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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 ↕
—	385 E Las Colinas Blvd, Irving, TX 75039	—	-	753,283	1987	1,159,430	$ 173,454,080	$ 18,832,080	-
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
Ameritas Life Insurance Corp	2727 W Walnut Hill Ln, Irving, TX 75038	06/01/2025	$ 8,300,000	326,700	1975	144,068	$ 24,440,000	$ 3,267,000	Lpd Realty Llc
Pgim Re Agency Financing Llc	5015 Courtside Dr, Irving, TX 75038	05/21/2025	$ 3,100,000	217,800	1982	104,875	$ 16,500,000	$ 871,200	Broadmoor Villa Inc
Jpmorgan Chase Bank Na	330 E Las Colinas Blvd Unit0236, Irving, TX 75039	05/13/2025	$ 186,000	140,133	2001	813	$ 243,900	$ 10,090
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
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
Britain Shopping Center Llc	1900 Shoaf Dr, Irving, TX 75061	04/14/2025	$ 800,000	224,277	1963	101,923	$ 11,200,000	$ 672,830	Desi Center Inc
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
Great Southern Bank	3304 Willow Creek Dr, Irving, TX 75061	01/31/2025	$ 15,110,000	342,146	1968	123,648	$ 20,250,000	$ 1,368,580	Jag Lpaa Llc
American General Life Ins Co	800 Lake Carolyn Pkwy, Irving, TX 75039	12/09/2024	$ 46,225,000	321,691	2007	349,199	$ 86,950,000	$ 8,042,280	Bcm Atlantic Lakeshore Lofts Llc

Mean$ 23,875,108

Median$ 13,855,000.0

Loan Amount Range$ 186,000 - $ 93,908,000

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License Details

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