Nugent Curtis Real Estate LLC Sells 150 Acres Of Land In Momence, IL For $1.06M
9127 E 3000N Rd, Momence, Illinois 60954, United States
$1,058,680
$5/SF
Building Size
211,702 SF
Asset Type
—
Closing
Jun 22, 2021
About this deal
AI
Located in Momence, IL, a parcel of land situated at 9127 E 3000N Rd has recently been sold in a closed transaction. The property spans across 150 acres, offering ample space for development or other purposes. The sale price for this expansive land was recorded at $1,058,680, resulting in a per-acre price of approximately $7,058.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,058,680
- Acres: 150
- Price per Acre (PPA): $7,058
- Market: Momence, IL
The deal was facilitated by R Ray Simpson and Joseph Nugent of Nugent Curtis Real Estate LLC, serving as the brokers representing the involved parties in this transaction. These experienced professionals played a crucial role in bringing the buyer and seller together and ensuring a successful deal.
Players
Momence 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
14.98%
Cash-on-Cash
-4.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93