Updated Sep 9, 2024
Goodwin & Assoc. Real Estate LLC Sells Development Site In Cortland, IL For $4.6M
19827 Airport Rd, Cortland, Illinois, USA
$4,562,775
$0/SF
Building Size
14,701,500 SF
Asset Type
Development Site
Closing
May 2, 2021
About this deal
AI
A development site located at 19827 Airport Rd in Cortland, IL has been sold for $4,562,775. The property spans across 337.50 acres, resulting in a price per acre (PPA) of $13,519. Mark Goodwin of Goodwin & Assoc. Real Estate LLC represented the broker in this transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,562,775
- Address: 19827 Airport Rd, Cortland, IL
- Market: Cortland, IL
- Acres: 337.50
- Price per Acre (PPA): $13,519
The deal was facilitated by Mark Goodwin, an agent from Goodwin & Assoc. Real Estate LLC. The transaction marks the successful sale of the development site, demonstrating the expertise of the involved parties in the real estate market.
On the Map
$4,562,775
$0/SF
Development Site
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Maple Park 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
3.48%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93