Updated Oct 28, 2024
Urban Heights Real Estate Acquires Development Site In Prosper, TX For $282,000
SWC N Dallas Tollway Prosper, TX 75078
Building Size
282,000 SF
Asset Type
Development Site
Closing
Sep 11, 2022
About this deal
AI
An approximately 35-acre development site located at SWC Dallas North Tollway & Frontier Pkwy in Prosper, TX was recently sold. The transaction took place on September 12, 2022. The property, listed by Scott Rodgers, features a BFS (Building Floor Size) of 282,000 square feet. The market value of the site is not available.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Address: SWC Dallas North Tollway & Frontier Pkwy, Prosper, TX
- Market: Prosper, TX
- Acres: 35
- BFS: 282,000
Urban Heights Real Estate purchased the development site. They were represented by Scott Rodgers of DuWest Realty.
On the Map
Development Site
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Lometa Development Site Market Snapshot
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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