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
About this deal
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
- Property Type: Farm
- Transaction Amount: $1,850,000
- Address: 0 County Highway 4, Belleville
- Market: Belleville
- Broker: Stacey Lacroix - Strano & Associates
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.
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