John Greene, Realtor Sells 89.70 Acre Development Site In Sycamore, IL For $1,003,310
SOLD
$1,003,310
Illinois
See Similar DealsDevelopment Site3,907,332 SF
Sold 03/29/2021
SOLD
John Greene, Realtor Sells 89.70 Acre Development Site In Sycamore, IL For $1,003,310
Mt Hunger Rd, Sycamore, IL, USA
See Similar DealsDevelopment Site3,907,332 SF
Sold 03/29/2021
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:3,907,332 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,509.87
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,564.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,756.20
Annual Debt Service$57,074.42
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