Vestuto Real Estate Corp Sells 3.62 Acres Of Land In Elgin, IL For $1,025,000
Alft Ln, Elgin, IL, USA
$1,025,000
$6/SF
Building Size
157,687 SF
Asset Type
—
Closing
Aug 26, 2021
About this deal
AI
Located at 0 Alft Ln in Elgin, IL, this transaction involved the sale of a 3.62-acre land property. The property was sold for a price of $1,025,000, with a price per acre of $283,149.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,025,000
- Market: Elgin, IL
- Acres: 3.62
- Price Per Acre: $283,149
Marvin Vestuto from Vestuto Real Estate Corp was the broker involved in this transaction.
The commercial sale at Alft Ln, Elgin, IL, USA in Elgin, Illinois sold for $1M in 2021. The building is 157,687 square feet, implying about 6 per square foot on the published price. Named participants on the Alft Ln, Elgin, IL, USA sale are Marvin Vestuto. This page is the Elgin, Illinois file for the Alft Ln, Elgin, IL, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Elgin sit in the Market section below. Filter that Elgin commercial set by closing date to see what else sold near Alft Ln, Elgin, IL, USA around 2021. Published consideration for Alft Ln, Elgin, IL, USA is $1M, dated 2021. Cite this Vestuto Real Estate Corp Sells 3.62 Acres Of Land In Elgin, IL For $1,025,000 sale when underwriting similar commercial product around Elgin, Illinois.
Players
Elgin CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93