Updated Dec 21, 2023
Mitchell Cain Of Real Broker LLC Sells 135.64 Acre Development Site In Donovan For $2.17M
2502 E 2700 North Rd, Donovan, IL 60931, USA
$2,172,937
$1,677/SF
Building Size
1,295 SF
Asset Type
Development Site
Closing
Jan 28, 2021
About this deal
AI
A development site located at 2502 E 2700 Rd in Donovan has been sold for a total price of $2,172,937. The property spans across 135.64 acres, resulting in a price per acre (PPA) of $16,020. The transaction took place on January 29, 2021. The sale was facilitated by Mitchell Cain of Real Broker LLC.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,172,937
- Address: 2502 E 2700 Rd
- Market: Donovan
- Acres: 135.64
- Price per Acre (PPA): $16,020
- Date: January 29, 2021
Mitchell Cain of Real Broker LLC served as the broker in this deal, representing the parties involved in the transaction.
Players
Donovan 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
7.30%
Cash-on-Cash
-2.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93