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11093 Riehl Lane, Godfrey, ...

Tarrant And Harman Real Estate Sells 329 Acres Of Land In Godfrey, IL For $1.68M
SOLD

Tarrant And Harman Real Estate Sells 329 Acres Of Land In Godfrey, IL For $1.68M

11093 Riehl Lane, Godfrey, IL 62035

$1,677,900

$1,271/SF

Building Size

1,320 SF

Asset Type

Closing

Apr 5, 2021

AI

A land property located at 11093 Riehl Ln in Godfrey, IL was recently sold for a total price of $1,677,900. The transaction took place on 04/06/2021. The land spans across 329 acres and is situated in the Godfrey market.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,677,900
  • Broker: Travis Tarrant - Tarrant And Harman Real Estate
  • BSF (Building Square Footage): 1,320
  • PPBSF (Price Per Building Square Foot): $1,271
  • ACRES: 329
  • PPA (Price Per Acre): $5,100

The sale of this land property was facilitated by Travis Tarrant, representing Tarrant And Harman Real Estate. With the deal closed, this transaction highlights the successful collaboration between the buyer and seller, demonstrating the expertise of Travis Tarrant and Tarrant And Harman Real Estate in guiding clients through land transactions in the Godfrey area.

Players

Travis Tarrant

Broker

$1.7M

vol

1 deal

Broker

Godfrey 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

9.45%

Cash-on-Cash

-2.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93