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8 Templeton Dr, Oak Brook, ...

Berkshire Hathaway HomeServices Chicago Acquires Development Site In Oak Brook For $1.2M
SOLDDevelopment Site

Berkshire Hathaway HomeServices Chicago Acquires Development Site In Oak Brook For $1.2M

8 Templeton Dr, Oak Brook, IL, USA

$1,200,000

$9/SF

Building Size

130,680 SF

Asset Type

Development Site

Closing

Jan 21, 2021

AI

A development site located at 8 Templeton Dr in Oak Brook has been sold for $1,200,000. This 3-acre property has a price per acre of $400,000.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,200,000
  • Address: 8 Templeton Dr, Oak Brook
  • Market: Oak Brook
  • Acres: 3
  • Price Per Acre: $400,000

The sale of this development site was facilitated by Diana Ivas, Charles Ivas, and Elaine Zannis from Berkshire Hathaway HomeServices Chicago. They represented the parties involved in the transaction.

Players

Diana Ivas

Berkshire Hathaway HomeServices

Broker

$1.2M

vol

1 deal

Broker

Oak Brook Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93