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Pierce Ln

Vanguard Real Estate Advisors Represents Seller In Sale Of 141 Finished Townhome Lots In Grand Prairie
SOLDDevelopment Site

Vanguard Real Estate Advisors Represents Seller In Sale Of 141 Finished Townhome Lots In Grand Prairie

Pierce Ln

Building Size

Asset Type

Development Site

Closing

Jul 17, 2025

AI

The asset involved is a development site located at George Bush Turnpike (State Hwy 161) and Forum Drive in Grand Prairie, Texas. This site consists of 141 finished townhome lots within Midtown GP, a master-planned development area.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Address: George Bush Turnpike (State Hwy 161) and Forum Drive
  • Market: Grand Prairie
  • Broker Representatives: Jordan Cortez & Will Droese - Vanguard Real Estate Advisors

Vanguard Real Estate Advisors represented the Seller and procured the Buyer in this transaction. The firm is recognized for providing a comprehensive array of real estate advisory and transactional services, specializing in Investment Sales, Joint Venture Equity Placement, Structured Finance, and Asset Management across various asset classes.

Players

Jordan Cortez

Vanguard Real Estate Advisors

Broker

19 deals

Broker
Vanguard Real Estate Advisors
Vanguard Real Estate AdvisorsBrokerage

Grand Prairie 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