Heartland Realty 11 LLC Acquires 226.7 Acre Ranch In Harmon, Illinois For $2.4M
00 Hoyle Road, Harmon, Illinois 61021, United States
$2,389,343
Building Size
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Asset Type
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Closing
Oct 13, 2022
About this deal
AI
The ranch asset located at 00 Hoyle Rd in Harmon, IL has been sold in a recent transaction. With a substantial size of 226.7 acres, this property offers a spacious and expansive land for various purposes. The transaction took place on October 14, 2022, as confirmed by the provided date.
Summary of transation details
- Property Type: Ranch
- Transaction Amount: $2,389,343
- Address: 00 Hoyle Rd, Harmon, IL
- Market: Harmon, IL
- Land Size: 226.7 Acres
The seller's representative in this transaction is Matthew Hermes from Heartland Realty 11 LLC. Acting on behalf of the seller, Matthew played a crucial role in facilitating the sale of this vast ranch property.
Players
Harmon 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
6.64%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93