Updated Sep 9, 2024
Goodwin & Assoc. Real Estate LLC Brokers $1.8M Sale Of 135-Acre Development Site In Shorewood
25920 West Black Road, Shorewood, IL, USA
$1,822,500
$0/SF
Building Size
6,287,015 SF
Asset Type
Development Site
Closing
Feb 8, 2021
About this deal
AI
Mark Goodwin of Goodwin & Assoc. Real Estate LLC represented both parties in the sale of a development site in Shorewood, located at 25920 Black Rd. The transaction took place on 02/09/2021, with a sale price of $1,822,500. The property spans approximately 135 acres, resulting in a price per acre (PPA) of $13,500.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,822,500
- Address: 25920 Black Rd
- Market: Shorewood
- Broker: Mark Goodwin - Goodwin & Assoc. Real Estate LLC
- Acres: 135
- PPA: $13,500
This successful sale, facilitated by Mark Goodwin from Goodwin & Assoc. Real Estate LLC, represents a milestone for both the buyer and the seller. The development site on Black Rd in Shorewood offers ample potential for future projects and further growth in the area.
Shorewood 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
8.70%
Cash-on-Cash
-2.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93