John Greene, Realtor Sells 89.70 Acre Development Site In Sycamore, IL For $1,003,310
Mt Hunger Rd, Sycamore, IL, USA
$1,003,310
$0/SF
Building Size
3,907,332 SF
Asset Type
Development Site
Closing
Mar 28, 2021
AI
A development site located at 000 Mt Hunger Rd in Sycamore, IL has been sold. The transaction took place on March 29, 2021. The property covers an area of 89.70 acres and was listed at a price of $1,003,310. With a price per acre (PPA) of $11,185, this development site presents a lucrative opportunity for potential investors.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,003,310
- Address: 000 Mt Hunger Rd, Sycamore, IL
- Market: Sycamore, IL
- Acres: 89.70
- Price Per Acre (PPA): $11,185
The sale was facilitated by Mike Waseen, a real estate broker representing John Greene, Realtor. As the broker in this transaction, Mike Waseen played a crucial role in connecting the buyer and seller and overseeing the negotiation process. This sale demonstrates the expertise and professionalism of both Mike Waseen and John Greene, Realtor.
Players
Sycamore Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.81%
Cash-on-Cash
-4.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93