Noah Fox And Andrew Leeds Secure $1.325M Construction Loan For Dutch Brothers In Grand Prairie
925 East Main Street
$1,325,000
$36/SF
Building Size
36,000 SF
Asset Type
Retail
Closing
Feb 26, 2026
AI
The asset involved in this transaction is a retail property located at 925 East Main Street in Grand Prairie, with a total square footage of 36,000. The construction loan amounts to $1,325,000 with a term of 7 years, provided by Jorge Gonzalez of City National Bank of Florida.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,325,000
- Loan Type: Construction
- Loan Terms: 7 Years
- Lender: Jorge Gonzalez - City National Bank of Florida
- Landlord: Noah Fox & Andrew Leeds
- Landlord's Representative: Noah Fox - Vertical Real Estate
- Attorneys: Ashley Fox - Haber Law; Michael Montiel - SMGQ Law
This transaction was facilitated by the efforts of the landlords, Noah Fox and Andrew Leeds, who secured the construction loan for a new Dutch Brothers establishment. The legal teams from Haber Law and SMGQ Law played significant roles in ensuring the successful completion of this transaction with City National Bank of Florida.
Players
Grand Prairie Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93