Coldwell Banker Realty Sells Oak Brook Land For $2.65M With Buyer's Rep John Romanelli & Seller's Rep Ellyn Collins
SOLD
$2,650,000
Illinois
See Similar DealsDevelopment Site3,494 SF
Sold 01/06/2021
SOLD
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
See Similar DealsDevelopment Site3,494 SF
Sold 01/06/2021
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$758
Total Square Footage:3,494 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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