Updated Oct 10, 2026
Chris Armbruster Acquires 7.58 Acre Development Site In Dallas From Lawrence Davis & Mark Pike
Building Size
—
Asset Type
Development Site
Closing
Jun 21, 2024
About this deal
AI
The development site located at Seq Of Hwy 82 & Hwy 377 in Dallas spans across 7.58 acres. The transaction involving this property was completed on 06/21/2024, with the sellers being Lawrence Davis & Mark Pike, and the buyer identified as Chris Armbruster.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: Seq Of Hwy 82 & Hwy 377
- Market: Dallas
- Seller: Lawrence Davis & Mark Pike
- Buyer: Chris Armbruster
- Brokers: Davis Willoughby - Younger Partners; Brandi Hierseman - Ebby Halliday
The transaction was facilitated by the brokers Davis Willoughby from Younger Partners and Brandi Hierseman from Ebby Halliday. They played a pivotal role in closing the deal between the involved parties, contributing their expertise to ensure a successful property transfer.
Players
Market 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