Updated Dec 21, 2023
LandGuys LLC Of Illinois Acquires Development Site On 19001 3200 St E In Cherry, IL For $4.02M
19001 3200 St E, Cherry, IL 61312
$4,018,657
$0/SF
Building Size
13,503,600 SF
Asset Type
Development Site
Closing
May 3, 2021
About this deal
AI
A development site in Cherry, IL, located at 19001 3200 St E, has recently been sold. The sale was facilitated by Nathan Cumpton of LandGuys LLC of Illinois. The transaction took place on 05/04/2021, and the property was purchased for a price of $4,018,657. The site spans across 310 acres, resulting in a price per acre of $12,963.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,018,657
- Address: 19001 3200 St E, Cherry, IL
- Market: Cherry, IL
- Broker: Nathan Cumpton - LandGuys LLC of Illinois
- Acres: 310
- PPA: $12,963
The sale of the development site was successfully negotiated by Nathan Cumpton, representing LandGuys LLC of Illinois. This deal represents an important transaction in the real estate market of Cherry, IL, indicating potential growth and development opportunities in the area.
Players
Arlington 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
3.95%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93