Updated Sep 9, 2024
Mark Goodwin Sells Development Site In Wilmington For $2.1M
31430 South Seltzer Road, Wilmington, IL, USA
$2,077,500
$0/SF
Building Size
12,074,832 SF
Asset Type
Development Site
Closing
Dec 13, 2020
About this deal
AI
A development site located at 31430 S. Seltzer Road in Wilmington has recently been sold. The transaction took place on December 14, 2020, with Mark Goodwin of Goodwin & Assoc. Real Estate LLC as the broker representing the parties involved. The property spans across 277 acres, with a price per acre (PPA) of $7,500. The total sale price for the development site amounted to $2,077,500.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,077,500
- Date: 12/14/2020
- Address: 31430 S. Seltzer Road
- Market: Wilmington
- Broker: Mark Goodwin - Goodwin & Assoc. Real Estate LLC
- Acres: 277
- PPA: $7,500
This sale transaction was facilitated by Mark Goodwin of Goodwin & Assoc. Real Estate LLC. The deal demonstrates their expertise in handling development site transactions in Wilmington. The successful completion of this deal highlights the parties' satisfaction with the brokerage services provided.
Wilmington Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Illinois development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93