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Coldwell Banker The Real Estate Group Acquires 8.75 Acres Of Land In Romeoville, IL For $2.3M

Property Image
SOLD
$2,300,000
Nicholas "Nick" Ferro
Keith Conroy

Illinois

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381,150 SF
Sold 08/05/2020
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Property Image
SOLD

Coldwell Banker The Real Estate Group Acquires 8.75 Acres Of Land In Romeoville, IL For $2.3M

753 N Independence Blvd, Romeoville, IL, USA

See Similar Deals
381,150 SF
Sold 08/05/2020
Nicholas "Nick" Ferro
Keith Conroy
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Price Per Square Foot:$6
Total Square Footage:381,150 SF
Transaction Type:Sale

Nicholas Ferro of Coldwell Banker The Real Estate Group and Keith Conroy of Coldwell Banker Commercial represented the parties involved in the sale of a land asset located at 753 N Independence Blvd in Romeoville, IL. The transaction took place on 08/05/2021.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $2,300,000
  • Market: Romeoville, IL
  • Address: 753 N Independence Blvd
  • Brokers: Nicholas Ferro - Coldwell Banker The Real Estate Group; Keith Conroy - Coldwell Banker Commercial
  • Acres: 8.75
  • Price Per Acre (PPA): $262,857

The land asset spanning 8.75 acres was sold for a total of $2,300,000. Nicholas Ferro of Coldwell Banker The Real Estate Group and Keith Conroy of Coldwell Banker Commercial facilitated the deal, representing the buyer and the seller respectively.

Players

Nicholas "Nick" Ferro
Coldwell Banker
Nicholas Ferro
1 deal$2.3M volume
BROKER
Keith Conroy
Coldwell Banker
Keith Conroy
1 deal$2.3M volume
BROKER

Details

SOLD
IMAGE: Nicholas Ferro DATE: 08/05/2021 ADDRESS: 753 N Independence Blvd MARKET: Romeoville, IL ASSET TYPE: Land BROKERS: Nicholas Ferro - Coldwell Banker The Real Estate Group; Keith Conroy - Coldwell Banker Commercial SALE PRICE: $2,300,000 ACRES: 8.75 ~ PPA: $262,857

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
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