Updated Dec 21, 2023
Hoffman Realty Acquires Development Site In Kirkland For $1.2M
130 Old State Road, Kirkland, Illinois, USA
$1,238,000
$0/SF
Building Size
5,685,451 SF
Asset Type
Development Site
Closing
Jan 14, 2021
About this deal
AI
A development site located at 130 Ac Old State Rd in Kirkland has been sold for $1,238,000. The property spans 130.52 acres, resulting in a price per acre of $9,485. Richard Hoffman of Hoffman Realty facilitated the transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,238,000
- Address: 130 Ac Old State Rd, Kirkland
- Market: Kirkland
The sale of the development site was overseen by Richard Hoffman of Hoffman Realty. Hoffman represented the buyer or seller in this transaction.
Players
Kirkland Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.81%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93