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:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 15509 County Road 558
- Market: Farmersville
- Buyer: Mark Allen & Josh Dyer - Clairemont Development Group
- Brokers: Jordan Cortez, Mason John & Reid Pierce - Vanguard Real Estate Advisors
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
Farmersville Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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