Jim Sullivan Realty Acquires Development Site In Elizabeth For $1.7M
2016 W Morley Rd, Elizabeth, IL, USA
$1,696,000
$5,333/SF
Building Size
318 SF
Asset Type
Development Site
Closing
Jan 28, 2021
AI
Located at 2016 W Morley Rd in Elizabeth, this development site spanning 318.50 acres was recently sold for $1,696,000. The transaction took place on January 29, 2021. The property is positioned in the market of Elizabeth and offers immense potential for development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,696,000
- Acres: 318.50
- Price per Acre (PPA): $5,325
- Buyer's Representative: Jim Sullivan - Jim Sullivan Realty
- Seller's Representative: Lowell Taylor - LandGuys LLC
Jim Sullivan from Jim Sullivan Realty represented the buyer in this transaction, while Lowell Taylor from LandGuys LLC served as the seller's representative.
Players
Elizabeth Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.35%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93