Goodwin & Assoc. Real Estate Acquires 140 Acres Of Land In Beecher For $2.4M
141 West Goodenow Road, Beecher, Illinois 60401, United States
$2,385,000
Building Size
—
Asset Type
—
Closing
Aug 18, 2022
About this deal
AI
The sale of a land property in Beecher has been completed. The property, located at 141 W Goodenow Rd, spans approximately 140 acres. The transaction was facilitated by Mark Goodwin of Goodwin & Assoc. Real Estate LLC. The property was sold for a total price of $2,385,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,385,000
- Date: 08/19/2022
- Address: 141 W Goodenow Rd
- Market: Beecher
- Broker: Mark Goodwin - Goodwin & Assoc. Real Estate LLC
The completion of this transaction was made possible by the efforts of Mark Goodwin, representing Goodwin & Assoc. Real Estate LLC. Their expertise in the Beecher market was instrumental in facilitating the successful sale of this 140-acre land property.
Beecher 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
6.65%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93