Updated Sep 9, 2024
James Begley Of Exclusive Realtors Acquires Development Site In Frankfort For $1.4M
8800 West Stuenkel Road, Frankfort, IL, USA
$1,419,400
$0/SF
Building Size
6,581,480 SF
Asset Type
Development Site
Closing
Dec 27, 2020
About this deal
AI
8800 W. Stuenkel Road, located in Frankfort, was recently sold in a development site transaction. The property spans over 151.09 acres and was sold for a total price of $1,419,400, resulting in a per acre price of $9,394. The sale was finalized on 12/28/2020.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,419,400
- Acres: 151.09
- Price per Acre: $9,394
- Date: 12/28/2020
Representing the buyer, James Begley from Exclusive Realtors facilitated the transaction, while Mark Goodwin from Goodwin & Assoc. Real Estate LLC represented the seller.
Players
Frankfort 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
11.18%
Cash-on-Cash
-3.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93