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County Road 637

Jordan Cortez Mason John Will Droese Of Vanguard Real Estate Advisors Procure 207 Acre Development Site In Nevada Texas
SOLDDevelopment Site

Jordan Cortez Mason John Will Droese Of Vanguard Real Estate Advisors Procure 207 Acre Development Site In Nevada Texas

County Road 637

Building Size

9,016,920 SF

Asset Type

Development Site

Closing

Jun 10, 2025

AI

A 207+/- acre residential development site has been closed, located along County Road 637 in Nevada, Texas, within Collin County. The transaction involved a development site and was facilitated by Vanguard Real Estate Advisors, representing the buyer in this deal.

Summary of transaction details:

The representation of the buyer was managed by Jordan Cortez, Mason John, and Will Droese, who are associated with Vanguard Real Estate Advisors. The firm specializes in a wide range of real estate services, including Investment Sales, Joint Venture Equity Placement, Structured Finance, and Asset Management on a national scale from its headquarters in Dallas.

Players

Jordan Cortez

Vanguard Real Estate Advisors

Broker

19 deals

Broker
Vanguard Real Estate Advisors
Vanguard Real Estate AdvisorsBrokerage

Nevada 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