Kettley & Co. Inc. Brokers Sell 251 Acres Of Land In Ottawa For $2.175M
1879 North 2703rd Road, Ottawa, Illinois 61350, United States
$2,175,000
Building Size
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Asset Type
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Closing
Mar 31, 2022
About this deal
AI
The recently closed property transaction in Ottawa involved a land asset consisting of approximately 251 acres. Located at 1879 N 2703 Rd, the property was sold on 04/01/2022 for a price of $2,175,000. Paula Wilkinson and Kathy Bright from Kettley & Co. Inc. represented the parties involved in the transaction.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,175,000
- Address: 1879 N 2703 Rd, Ottawa
- Market: Ottawa
- Land Size: 251 acres
The successful deal was facilitated by brokers Paula Wilkinson and Kathy Bright from Kettley & Co. Inc. They played a crucial role as the representatives of the buyers and sellers, ensuring a smooth transaction process.
Players
Ottawa 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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93