David Wayman Of R.E. Dynamics Acquires 75 Acres Of Land In Pontiac, IL For $1.15M
19501 N 1600 E Rd, Pontiac, Illinois, USA
$1,150,000
$0/SF
Building Size
3,267,000 SF
Asset Type
—
Closing
Oct 29, 2021
About this deal
AI
The property involved in the transaction is a land located at 19501 N 1600 East Rd in Pontiac, Il. The land spans approximately 75 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,150,000
- Date: 10/29/2021
- Market: Pontiac, Il
David Wayman from R.E. Dynamics represented the buyer in this transaction, while Terrance Sullivan from Lyons Sullivan Realty, Inc. represented the seller.
The commercial sale at 19501 N 1600 E Rd, Pontiac, Illinois, USA in Pontiac, Illinois sold for $1.2M in 2021. The building is 3,267,000 square feet, implying about 0 per square foot on the published price. Named participants on the 19501 N 1600 E Rd, Pontiac, Illinois, USA sale are David Wayman, Terrance (Terry) Sullivan. This page is the Pontiac, Illinois file for the 19501 N 1600 E Rd, Pontiac, Illinois, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Pontiac sit in the Market section below. Filter that Pontiac commercial set by closing date to see what else sold near 19501 N 1600 E Rd, Pontiac, Illinois, USA around 2021. Published consideration for 19501 N 1600 E Rd, Pontiac, Illinois, USA is $1.2M, dated 2021. Cite this David Wayman Of R.E. Dynamics Acquires 75 Acres Of Land In Pontiac, IL For $1.15M sale when underwriting similar commercial product around Pontiac, Illinois.
Players
Pontiac CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93