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.
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