Jack Minero - Berkshire Hathaway Starck Real Estate Acquires 46.07 Acres Of Land In Algonquin For $6.5M
11860 Randall Road, Algonquin, Illinois 60102, United States
$6,500,000
Building Size
—
Asset Type
—
Closing
Aug 8, 2022
About this deal
AI
The property involved in this closed transaction is a land located at 11860 Randall Rd in Algonquin. The land spans approximately 46.07 acres, providing ample space for various purposes. The transaction took place on 08/09/2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $6,500,000
- Address: 11860 Randall Rd, Algonquin
- Market: Algonquin
- Broker: Jack Minero - Berkshire Hathaway Starck Real Estate
The broker representing the deal is Jack Minero from Berkshire Hathaway Starck Real Estate. With their expertise, they facilitated the successful transaction of the land.
Algonquin 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93