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1167 North Stockton Road, S...

Updated Dec 19, 2023

Steven Hedeman Of First Weber Hedeman Group Sells 1,167 Acres Of Land In Stockton For $7.05M
SOLD

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

Steven Hedeman

Broker

$7.1M

vol

1 deal

Broker

Stockton CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $6K per square foot on a published $7.1M for 1,167 square feet (2021).

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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

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