Updated Sep 9, 2024
Development Site In Frankfort Sold For $1.13M By Mark Goodwin - Goodwin & Assoc. Real Estate LLC
9600 West Dralle Road, Frankfort, IL, USA
$1,134,000
$0/SF
Building Size
5,880,600 SF
Asset Type
Development Site
Closing
Dec 10, 2020
About this deal
AI
A development site located at 9600 W. Dralle Road in Frankfort has been sold for $1,134,000. The transaction took place on December 11, 2020. The property, represented by Mark Goodwin of Goodwin & Assoc. Real Estate LLC, is a development site in the Frankfort market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,134,000
- Address: 9600 W. Dralle Road
- Market: Frankfort
- Broker: Mark Goodwin - Goodwin & Assoc. Real Estate LLC
Mark Goodwin of Goodwin & Assoc. Real Estate LLC represented the development site at 9600 W. Dralle Road in Frankfort in this transaction.
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
13.99%
Cash-on-Cash
-4.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93