Swanson Real Estate Acquires 156.5-Acre Land In Marseilles For $1.18M
3546 State Route 71
$1,179,150
Building Size
—
Asset Type
Land
Closing
Aug 25, 2023
About this deal
AI
A 156.5-acre land parcel located at 3546 State Route 71 in Marseilles was sold for $1,179,150. The transaction involved Joseph Frieders of Swanson Real Estate representing the buyer and Keith Warpinski of Brummel Properties representing the seller.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,179,150
- Address: 3546 State Route 71, Marseilles
- Market: Marseilles
- Buyer's Representative: Joseph Frieders - Swanson Real Estate
- Seller's Representative: Keith Warpinski - Brummel Properties
- Land acreage: 156.5 acres
The buyer, Joseph Frieders, represented by Swanson Real Estate, acquired the 156.5-acre land parcel located at 3546 State Route 71 in Marseilles. The seller, Keith Warpinski, was represented by Brummel Properties. The sale price of $1,179,150 reflects the value of the transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.45%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93