BB Living Acquires Development Site In Grapevine Texas With Broker Vanguard Real Estate Advisors
State Hwy 360
Building Size
69 SF
Asset Type
Development Site
Closing
Jul 6, 2026
AI
The transaction involved a development site located at 0 State Hwy 360 in Grapevine, Texas. The site consists of 69 finished townhome lots, indicating its potential for multifamily residential development in a growing market. The transaction closed on June 18, 2026.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Buyer: BB Living
- Director of Acquisitions: Grey Reed
- Brokers: Jordan Cortez, Haley Birmingham, & Will Droese
- Broker Agency: Vanguard Real Estate Advisors
- Market: Grapevine
- Address: 0 State Hwy 360
Vanguard Real Estate Advisors represented the seller in this transaction and successfully procured the buyer, BB Living, working alongside Grey Reed, the director of acquisitions in Texas. The brokerage is recognized for its specialization in multifamily investment sales and land brokerage, leveraging its expertise to meet clients' objectives.
Players
Grapevine Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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