Jordan Cortez & Reid Pierce Of Vanguard Real Estate Advisors Represent Buyer In 155 Acre Development Site Sale In Trenton
23555 Texas Highway 78
Building Size
—
Asset Type
Development Site
Closing
May 19, 2025
AI
A development site comprising approximately 155 acres was closed along State Highway 78 located in Trenton, Fannin County. This site is situated within the Trenton extraterritorial jurisdiction (ETJ).
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 23555 Texas Highway 78
- Market: Trenton (Fannin County)
- Buyer's Representative: Jordan Cortez & Reid Pierce - Vanguard Real Estate Advisors
Vanguard Real Estate Advisors successfully represented the buyer in this transaction. For further inquiries regarding the deal, Jordan Cortez or Reid Pierce can be contacted for detailed information.
Players
Leonard 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