McColly Rosenboom Acquires 201.38 Acre Development Site In Kankakee For $1.2M
SOLD
$1,207,800
Illinois
See Similar DealsDevelopment Site8,772,113 SF
Sold 03/12/2021
SOLD
McColly Rosenboom Acquires 201.38 Acre Development Site In Kankakee For $1.2M
45/52 West 6000S Road, Kankakee, IL, USA
See Similar DealsDevelopment Site8,772,113 SF
Sold 03/12/2021
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:8,772,113 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,416.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,291.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,725.59
Annual Debt Service$68,707.06
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