Updated Dec 21, 2023
Quantum Real Estate Advisors Acquires Development Site In Gurnee For $3.27M
U.S. 41 & North Delany Road, Gurnee, IL, USA
$3,270,000
$11/SF
Building Size
293,159 SF
Asset Type
Development Site
Closing
Nov 16, 2020
About this deal
AI
A development site located at Route 41 & Delany Road in Gurnee was recently sold for $3,270,000. The transaction took place on November 17, 2020. The property spans 6.73 acres, resulting in a price per acre of approximately $485,884. The sale was facilitated by Jason Caplan, a representative from Quantum Real Estate Advisors, Inc.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $3,270,000
- Address: Route 41 & Delany Road, Gurnee
- Market: Gurnee
- Acres: 6.73
- Price per Acre: $485,884
- Representative: Jason Caplan - Quantum Real Estate Advisors, Inc.
This sale transaction emphasizes the successful collaboration between the buyer and Jason Caplan from Quantum Real Estate Advisors, Inc. The property's strategic location on Route 41 & Delany Road in Gurnee contributed to its attractiveness in the market. The deal showcases the growing demand for development sites in the area.
Players
Gurnee 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
4.85%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93