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Peak Development Partners Acquires Development Site From Lance E.L. Ouellette In Coppell

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SOLD
Davis Willoughby
Luke Nolan

Texas

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Development Site2 SF
Sold 01/10/2025
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SOLD

Peak Development Partners Acquires Development Site From Lance E.L. Ouellette In Coppell

1 West Sandy Lake Road

See Similar Deals
Development Site2 SF
Sold 01/10/2025
Davis Willoughby
Luke Nolan
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:2 SF
Transaction Type:Sale

The transaction involves a development site located at 1 West Sandy Lake Road in Coppell, Texas. The site encompasses 2 prime development acres adjacent to major retail intersections, with visibility along a bustling thoroughfare seeing approximately 17,000 vehicles per day. It is situated near notable businesses such as Sprouts and Andy's Frozen Custard. The property is intended for future retail development and shares its southern edge with several single-family residences along Wild Plum Drive.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not Disclosed
  • Address: 1 West Sandy Lake Road, Coppell, Texas
  • Buyer: Peak Development Partners
  • Seller: Lance E.L. Ouellette
  • Brokers: Davis Willoughby & Luke Nolan - Younger Partners

Davis Willoughby and Luke Nolan of Younger Partners represented both the buyer, Peak Development Partners, and the seller, Lance E.L. Ouellette, in this transaction. Younger Partners emphasized the strategic advantage of the site, highlighting its proximity to Coppell's major retail intersection and the potential for transformation into a significant community asset as the area continues to develop.

Players

Davis Willoughby
Young Partners
Davis Willoughby
5 deals(214) 238-8002
BROKER
Luke Nolan
Younger Partners
Luke Nolan
5 deals(214) 238-8029
BROKER

Details

SOLD
IMAGE: Davis Willoughby & Luke Nolan DATE: 01/10/2025 ADDRESS: 1 West Sandy Lake Road MARKET: Coppell ASSET TYPE: Development Site BUYER: Peak Development Partners SELLER: Lance E.L. Ouellette BROKERS: Davis Willoughby (@YoungerPartners) & Luke Nolan - Younger Partners NOTE FROM BROKER: Younger Partners Associates Davis Willoughby and Luke Nolan successfully negotiated the sale of 2 prime development acres at 1 W. Sandy Lake Road in the Dallas suburb of Coppell. Located just across from Sprouts and Andy’s Frozen Custard at West Sandy Lake Road and North Denton Tap Road, the land was sold by Ardinger Properties LLC. The buyer is Dallas-based commercial real estate development firm, Peak Development Partners, which focuses on single-tenant retail spaces. Younger Partners represented both buyer and seller. The sales price was not disclosed. The property is a future retail development site and fronts a major east-west thoroughfare along Sandy Lake Boulevard, which sees roughly 17,000 VPD on average. The site shares its southern property line with six single-family residences that front Wild Plum Drive. “This property is just about 500 feet west of Belt Line at the most prominent retail intersection in Coppell with major anchors such as Trader Joe’s, Tom Thumb and Sprouts,” Nolan said. “This acquisition will transform this underutilized parcel at Coppell's premier intersection into a cornerstone of opportunity for the community,” Willoughby said. “As the city continues to grow, we want to ensure the real estate keeps up with the demands and needs of Coppell’s booming population.” “This tract has all the qualities of a prime retail development site—ideal visibility, high traffic and unbeatable location—making it a rare gem in Coppell's competitive marketplace,” Nolan said.

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