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Mt Hunger Rd, Sycamore, IL,...

John Greene, Realtor Sells 89.70 Acre Development Site In Sycamore, IL For $1,003,310
SOLDDevelopment Site

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

Mike Waseen

Broker

$5.9M

vol

2 deals

Broker

Sycamore Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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