Manhattan, IL Land Sold For $1.1M By Mark Goodwin - Goodwin & Assoc. Real Estate LLC
8835 W Arsenal Rd, Manhattan, Illinois, USA
$1,115,400
$0/SF
Building Size
6,256,522 SF
Asset Type
—
Closing
Jun 2, 2020
About this deal
AI
Mark Goodwin of Goodwin & Assoc. Real Estate LLC represented the parties in the sale of a 143.63-acre land located at 8835 W Arsenal Rd in Manhattan, IL. The transaction took place on 06/02/2021, with the property being sold for a total price of $1,115,400. The land is valued at approximately $7,766 per acre.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,115,400
- Address: 8835 W Arsenal Rd, Manhattan, IL
- Market: Manhattan, IL
- Broker: Mark Goodwin - Goodwin & Assoc. Real Estate LLC
- Acres: 143.63
- Price Per Acre (PPA): $7,766
This sale transaction was facilitated by Mark Goodwin of Goodwin & Assoc. Real Estate LLC. Their expertise and representation were crucial in ensuring a successful deal for all parties involved.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.22%
Cash-on-Cash
-4.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93