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Baird & Warner Fox Valley Acquires Development Site In Sycamore, IL For $2.47M

Property Image
SOLD
$2,468,400

Illinois

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Development Site10,541,520 SF
Sold 04/27/2021
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Property Image
SOLD

Baird & Warner Fox Valley Acquires Development Site In Sycamore, IL For $2.47M

16715 Lindgren Road, Sycamore, Illinois, USA

See Similar Deals
Development Site10,541,520 SF
Sold 04/27/2021
Contact now

Summary

ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:10,541,520 SF
Transaction Type:Sale

A development site located at 16715 Lindgren Rd in Sycamore, IL was recently sold for a total price of $2,468,400. The property spans across 242 acres, resulting in a price per acre of approximately $10,200. The transaction took place on April 27, 2021.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,468,400
  • Address: 16715 Lindgren Rd, Sycamore, IL
  • Market: Sycamore, IL
  • Buyer's Rep: Baird & Warner Fox Valley - Geneva
  • Seller's Rep: Eric Bird - Bird Realty
  • Total Acres: 242
  • Price per Acre: $10,200

The buyer was represented by Baird & Warner Fox Valley - Geneva, while Eric Bird of Bird Realty served as the seller's representative. This transaction marks another successful deal in the Sycamore, IL market.

Players

Eric Bird
4 deals$7.6M volume
BROKER

Re/Max
BROKERAGE

Details

SOLD
IMAGE: Eric Bird DATE: 04/27/2021 ADDRESS: 16715 Lindgren Rd MARKET: Sycamore, IL ASSET TYPE: Development Site BUYER'S REP: Baird & Warner Fox Valley - Geneva SELLER'S REP: Eric Bird - Bird Realty PRICE: $2,468,400 ACRES: 242 ~ PPA: $10,200

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$131,647.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,769.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,701.48
Annual Debt Service$140,417.70