Updated Sep 9, 2024
McColly Rosenboom Acquires 201.38 Acre Development Site In Kankakee For $1.2M
45/52 West 6000S Road, Kankakee, IL, USA
$1,207,800
$0/SF
Building Size
8,772,113 SF
Asset Type
Development Site
Closing
Mar 11, 2021
About this deal
AI
A development site in Kankakee, located at Sec 32 Twp 30N R13W, has been sold for a total price of $1,207,800. The property spans across 201.38 acres, resulting in a price per acre (PPA) of $5,998.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,207,800
- Address: Sec 32 Twp 30N R13W, Kankakee
- Market: Kankakee
- Acres: 201.38
- PPA: $5,998
The buyer's representative for this transaction was Richard Hansen from McColly Rosenboom, while the seller's representatives were Jay Tamblyn and Jeffry Bennett from McColly Bennett Real Estate.
Players
Buckingham Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Buckingham development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.13%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93