Hayden Real Estate Acquires Development Site In Arlington For $1.6M
SOLD
Illinois
See Similar DealsDevelopment Site6,224,288 SF
Sold
SOLD
Hayden Real Estate Acquires Development Site In Arlington For $1.6M
21925 IL-89, Arlington, IL, USA
See Similar DealsDevelopment Site6,224,288 SF
Sold
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:6224288 SF
Transaction Type:Sale
A development site located at 21925 IL 89 Hwy in Arlington has been sold for a price of $1,612,490. The transaction took place on 02/09/2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,612,490
- Address: 21925 IL 89 Hwy
- Market: Arlington
The buyer's representative in this deal was Tim Hayden from Hayden Real Estate, while Nathan Cumpton from LandGuys represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,999.46
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,728.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,644.03
Annual Debt Service$91,728.30
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