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313 Canterberry Lane, Oak B...

Coldwell Banker Realty Sells Oak Brook Land For $2.65M With Buyer's Rep John Romanelli & Seller's Rep Ellyn Collins
SOLDDevelopment Site

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

John Romanelli

Broker

$2.7M

vol

1 deal

Broker

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