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15509 County Road 558

Mark Allen And Josh Dyer Of Clairemont Development Group Acquire Development Site In Farmersville
SOLDDevelopment Site

Mark Allen And Josh Dyer Of Clairemont Development Group Acquire Development Site In Farmersville

15509 County Road 558

Building Size

Asset Type

Development Site

Closing

Mar 31, 2025

AI

A 240+/- acre development site located along Highway 78 in Farmersville, TX has been closed. The expected community upon completion is projected to consist of 891+/- lots.

Summary of transaction details:

The transaction was facilitated by Vanguard Real Estate Advisors, who represented the purchasers, Mark Allen and Josh Dyer. For further information, contact Jordan Cortez, Mason John, or Reid Pierce from Vanguard Real Estate Advisors.

Players

Jordan Cortez

Vanguard Real Estate Advisors

Broker

19 deals

Broker
Mark Allen

Mark Allen

Buyer

$140.3M

vol

33 deals

Buyer

Farmersville Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93