Marcus & Millichap Sells Westchester Development Site On Mannheim Rd For $1.8M
1107 South Mannheim Road, Westchester, IL, USA
$1,800,000
$126/SF
Building Size
14,200 SF
Asset Type
Development Site
Closing
Mar 31, 2021
AI
An industrial development site located at 1107 S. Mannheim Road in Westchester, Illinois has been sold for $1,800,000. The site encompasses 2.98 acres, resulting in a price per acre of approximately $604,027. The transaction took place on April 1, 2021 and was facilitated by Richard Kozarits, Tammy Saia, and Tami Andrew from the brokerage firm Marcus & Millichap.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,800,000
- Address: 1107 S. Mannheim Road, Westchester, IL
- Market: Westchester, IL
- Broker: Richard Kozarits, Tammy Saia, and Tami Andrew - Marcus & Millichap
The sale of this development site at 1107 S. Mannheim Road highlights its potential for future development and investment opportunities. With a size of 2.98 acres, the property offers ample space for new construction or repurposing. Located in Westchester, Illinois, the site benefits from its strategic location in a growing market.
Players
Westchester 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93