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12517 Fm 1385

28.45 Acre Investment Tract In Pilot Point Sold By Seller's Rep Jordan Cortez & Reid Pierce
SOLDDevelopment Site

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

Jordan Cortez

Vanguard Real Estate Advisors

Broker

19 deals

Broker
Vanguard Real Estate Advisors
Vanguard Real Estate AdvisorsBrokerage

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