28.45 Acre Investment Tract In Pilot Point Sold By Seller's Rep Jordan Cortez & Reid Pierce
12517 Fm 1385
Building Size
—
Asset Type
Development Site
Closing
Aug 17, 2025
AI
An investment tract, covering approximately 28.45 acres, was recently closed in Pilot Point, Texas, specifically located at 12517 FM-1385. This transaction highlights the asset's potential within the area's investment market.
Summary of transaction details:
- Property Type: Investment Tract
- Transaction Amount: Not Disclosed
- Address: 12517 FM-1385
- Market: Pilot Point
- Seller's Representative: Jordan Cortez & Reid Pierce - Vanguard Real Estate Advisors
This deal was facilitated by Vanguard Real Estate Advisors, with Jordan Cortez and Reid Pierce representing the seller throughout the transaction. For further inquiries, interested parties can reach out to either representative for more details regarding the closing.
Players
Pilot Point 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