Farmland Partners Inc Acquires 270 Acres Of Land In Edgar County, Illinois
Edgar County, Illinois, United States
$3,360,000
Building Size
—
Asset Type
—
Closing
Oct 6, 2022
About this deal
AI
Farmland Partners Inc, led by Paul Pittman, has acquired a land in Edgar County, Illinois. The property spans 270 acres and was sold for a total of $3,360,000. The transaction was completed on 10/07/2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,360,000
- Market: Edgar County, Illinois
- Acres: 270
- Buyer: Farmland Partners Inc - Paul Pittman
This acquisition marks a significant investment for Farmland Partners Inc. The 270-acre land in Edgar County, Illinois provides ample opportunities for agricultural endeavors. Led by Paul Pittman, Farmland Partners Inc recognizes the value and potential of this property in a prime location. With an extensive portfolio of farmland assets, Farmland Partners Inc continues to grow and expand its presence in the agricultural industry.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.72%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93