Updated Feb 10, 2025
Brett Paul Acquires Development Site From Nick Giannini In Deer Park For $2 Million
20350 Rand Road
$2,000,000
$7/SF
Building Size
261,360 SF
Asset Type
Development Site
Closing
Jan 16, 2025
About this deal
AI
This transaction involved a development site located at 20350 Rand Road in the Deer Park market. The sale price was $2,000,000 with a building square footage (BSF) of 261,360, resulting in a price per building square foot (PPBSF) of $7.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,000,000
- Building Square Footage: 261,360
- Price Per Building Square Foot: $7
- Buyer: Brett Paul
- Seller: Nick Giannini
- Broker: Sean Dailey - Homesmart Connect
Key individuals involved in this transaction include Brett Paul as the buyer and Nick Giannini as the seller. The broker representing the transaction is Sean Dailey from Homesmart Connect.
Players
Lake Zurich 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93