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0 County Highway 4, Bellevi...

Belleville Farm Sold For $1.85M With Stacey Lacroix Of Strano & Associates As The Broker
SOLDFarm

Belleville Farm Sold For $1.85M With Stacey Lacroix Of Strano & Associates As The Broker

0 County Highway 4, Belleville, IL 62221

$1,850,000

Building Size

Asset Type

Farm

Closing

Aug 17, 2023

AI

A 254-acre farm located at 0 County Highway 4 in Belleville has been sold for a total price of $1,850,000. The property was listed on the market and was successfully sold through broker Stacey Lacroix of Strano & Associates.

Summary of transaction details

The sale of this expansive 254-acre farm was facilitated by Stacey Lacroix of Strano & Associates. With their expertise in the Belleville market, Stacey Lacroix effectively handled the transaction, ensuring a successful sale for the parties involved.

Players

Stacey Lacroix

Strano & Associates

Broker

$1.9M

vol

1 deal

Broker

Jamestown Farm Market Snapshot

Boundary boundary · Farm · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93