Updated Dec 21, 2023
Keefe Real Estate Inc Acquires Development Site In Garden Prairie For $1.04M
Garden Prairie, IL, USA
$1,044,857
$0/SF
Building Size
5,924,160 SF
Asset Type
Development Site
Closing
Mar 4, 2021
About this deal
AI
A development site located at Garden Prairie and Marengo Rd in Garden Prairie has been sold for a price of $1,044,857. The transaction took place on March 5, 2021. The site spans over 136 acres, resulting in a price per acre of $7,683.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,044,857
- Acres: 136
- Price per Acre (PPA): $7,683
The deal was facilitated by Natalie Torres & Randy Erwin from Keefe Real Estate Inc. They represented the parties involved in the transaction as their brokers.
Players
Garden Prairie 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
15.18%
Cash-on-Cash
-4.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93