Coldwell Banker Realty Sells Oak Brook Land For $2.65M With Buyer's Rep John Romanelli & Seller's Rep Ellyn Collins
313 Canterberry Lane, Oak Brook, IL, USA
$2,650,000
$758/SF
Building Size
3,494 SF
Asset Type
Development Site
Closing
Jan 5, 2021
AI
The recently closed property transaction in Oak Brook involved the sale of a 5-acre land located at 313 Canterberry Lane. The transaction took place on January 6, 2021. The property was sold for a price of $2,650,000, resulting in a price per acre (PPA) of $530,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,650,000
- Address: 313 Canterberry Lane
- Market: Oak Brook
The buyer's representative in this transaction was John Romanelli from Romanelli & Associates, while Ellyn Collins from Coldwell Banker Realty represented the seller. Both parties were instrumental in facilitating the successful closing of the deal.
Players
Oak Brook 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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93