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Goodwin & Assoc. Real Estate LLC Brokers $1.8M Sale Of 135-Acre Development Site In Shorewood

Property Image
SOLD
$1,822,500

Illinois

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Development Site6,287,015 SF
Sold 02/09/2021
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Property Image
SOLD

Goodwin & Assoc. Real Estate LLC Brokers $1.8M Sale Of 135-Acre Development Site In Shorewood

25920 West Black Road, Shorewood, IL, USA

See Similar Deals
Development Site6,287,015 SF
Sold 02/09/2021
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:6,287,015 SF
Transaction Type:Sale

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.

Players

Mark Goodwin
Goodwin & Associates Real Estate
Mark Goodwin
15 deals$32.8M volume
BROKER

Details

SOLD
IMAGE: Mark Goodwin DATE: 02/09/2021 ADDRESS: 25920 Black Rd MARKET: Shorewood ASSET TYPE: Development Site BROKER: Mark Goodwin - Goodwin & Assoc. Real Estate LLC PRICE: $1,822,500 ACRES: 135 ~ PPA: $13,500

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$97,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,474.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,639.58
Annual Debt Service$103,674.96