Steven Hedeman Of First Weber Hedeman Group Sells 1,167 Acres Of Land In Stockton For $7.05M
1167 North Stockton Road, Stockton, IL 61085, USA
$7,050,000
$6,041/SF
Building Size
1,167 SF
Asset Type
—
Closing
Nov 10, 2021
About this deal
AI
Located in Stockton, this land asset spans an impressive 1,167 acres. The property, situated at 1167 Ac Multiple, recently changed hands in a sale transaction. The deal was facilitated by Steven Hedema of First Weber Hedeman Group, representing the seller, while the buyer was represented by Seller Sold Listing - Seller Sold Listings. With a sale price of $7,050,000, this transaction marks a significant transfer of ownership in the Stockton market.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $7,050,000
- Address: 1167 Ac Multiple
- Market: Stockton
- Acres: 1,167
The involvement of Steven Hedema from First Weber Hedeman Group as the seller's representative showcases the expertise and experience brought to the table. On the buyer's side, Seller Sold Listing - Seller Sold Listings acted as their representative, ensuring a smooth negotiation and closing process. This exchange demonstrates the active real estate market in Stockton and the value of engaging knowledgeable professionals to navigate transactions of this magnitude.
Players
Stockton 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
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93