Confidential Buyer Acquires Development Site At 45 South Deere Park Drive For $2.875M
45 South Deere Park Drive
$2,875,000
$66/SF
Building Size
43,560 SF
Asset Type
Development Site
Closing
Mar 1, 2025
AI
The property asset involved in this transaction is a development site located at 45 South Deere Park Drive in Highland Park. The sale price for this asset was $2,875,000.00, and it encompasses a total square footage of 43,560.0.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,875,000.00
- Address: 45 South Deere Park Drive
- Market: Highland Park
- Square Footage: 43,560.0
- Buyer: Confidential
- Seller: Confidential
The transaction took place on March 1, 2025. The identities of the individuals representing the buyer and seller remain confidential.
Highland Park 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
5.52%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93