SOLDLand
Sean Fullerton Of Richard L. Fullerton, Inc. Brokers $3.75M Sale Of 6.27-Acre Land In Davenport
1411 Bud Road
$3,750,000
Building Size
—
Asset Type
Land
Closing
Jan 30, 2024
About this deal
AI
In Davenport, a 6.27-acre land parcel located at 1411 Bud Road was sold for $3,750,000. Sean Fullerton of Richard L. Fullerton, Inc. served as the broker for the transaction.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,750,000
- Address: 1411 Bud Road
- Market: Davenport
- Broker: Sean Fullerton - Richard L. Fullerton, Inc.
The sale of the 6.27-acre land parcel at 1411 Bud Road in Davenport was facilitated by Sean Fullerton, representing Richard L. Fullerton, Inc.
Davenport Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93