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15608 Crego Road

Updated Dec 4, 2024

Eric Bird & Marti LaHood Facilitate $1.98M Sale Of DeKalb Ranch
SOLDFarm

Eric Bird & Marti LaHood Facilitate $1.98M Sale Of DeKalb Ranch

15608 Crego Road

$1,985,280

Building Size

Asset Type

Farm

Closing

Apr 29, 2024

About this deal

AI

A 160-acre ranch property located at 15608 Crego Road in DeKalb was sold for $1,985,280. The land offers prime agricultural potential and is positioned for farming in 2024, with future development potential and convenient access to I-88.

Summary of transaction details:

  • Property Type: Ranch
  • Transaction Amount: $1,985,280
  • Address: 15608 Crego Road
  • Market: DeKalb
  • Acres: 160
  • Buyer's Representative: Eric Bird - Bird Realty
  • Seller's Representative: Marti LaHood - Keller WilliamsPreferred Realty

Eric Bird of Bird Realty represented the buyer, and Marti LaHood of Keller Williams Preferred Realty represented the seller in the transaction of the 160-acre ranch property in DeKalb. The property, with its agricultural potential and strategic location, attracted the attention of both parties, emphasizing the importance of location and potential agricultural use in the deal.

Players

Eric Bird

Bird Realty

Broker

$7.6M

vol

4 deals

Broker

Dekalb 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

7.99%

Cash-on-Cash

-2.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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