Updated Dec 19, 2023
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
About this deal
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
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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