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4545 Lorraine Avenue

Eric Crutchfield Acquires Development Site In Highland Park From Ahmad Mohammad & Yazen El Hamad
SOLDDevelopment Site

Eric Crutchfield Acquires Development Site In Highland Park From Ahmad Mohammad & Yazen El Hamad

4545 Lorraine Avenue

Building Size

1,631 SF

Asset Type

Development Site

Closing

Apr 15, 2026

AI

The property asset involved in this transaction is a development site located at 4545 Lorraine Avenue in Highland Park, Dallas. This site encompasses a square footage of 1,631 and is categorized as a residential development site.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Multi-million dollar
  • Buyer: Eric Crutchfield
  • Seller: Ahmad Mohammad & Yazen El Hamad
  • Broker Representation: White Dove Capital

The transaction involved Eric Crutchfield of Crutchfield Customs acquiring the property from Ahmad Mohammad and Yazen El Hamad, who were represented by White Dove Capital. This acquisition followed an extensive and targeted search by White Dove Capital, with the site being sourced off-market. The strong demand for redevelopment opportunities in Highland Park further highlights the significance of this transaction.

Players

Eric Crutchfield

Buyer

5 deals

Buyer

Dallas 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