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
$2,300,000
$6/SF
Building Size
381,150 SF
Asset Type
—
Closing
Aug 5, 2020
About this deal
AI
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
Romeoville 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93