81-Acre Farm In Milan Sold For $1.15M With Broker Chase Burns From LandGuys, LLC
4559 5227 180th Avenue
$1,146,150
Building Size
—
Asset Type
Farm
Closing
Sep 1, 2023
About this deal
AI
An 81-acre farm located at 4559-5227 180th Avenue in Milan was recently sold for a total of $1,146,150. The transaction was facilitated by Chase Burns from LandGuys, LLC.
Summary of transaction details
- Property Type: Farm
- Transaction Amount: $1,146,150
- ACRES: 81
- Broker: Chase Burns - LandGuys, LLC
Chase Burns, the broker from LandGuys, LLC, played a pivotal role in the sale of this 81-acre farm in Milan. With his expertise and negotiation skills, he successfully closed the deal and ensured both the buyer and seller had a smooth transaction process.
Players
Hedrick Farm Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.84%
Cash-on-Cash
-3.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93