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
Grand Prairie 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