Heartland Realty Sells 137.65-Acre Dixon Farm On US Route 52 For $1.93M
Us Route 52
$1,931,032
Building Size
—
Asset Type
Farm
Closing
Oct 23, 2023
About this deal
AI
A 137.65-acre farm located on US Route 52 in Dixon has been sold for a total of $1,931,032. The transaction was facilitated by Matthew Hermes of Heartland Realty.
Summary of transaction details:
- Property Type: Farm
- Transaction Amount: $1,931,032
- Address: US Route 52, Dixon
- Market: Dixon
- Broker: Matthew Hermes - Heartland Realty
The property, comprising 137.65 acres, was recently sold in Dixon for a total of $1,931,032. Matthew Hermes, representing Heartland Realty, played a pivotal role in the transaction.
The farm sale at Us Route 52 in Rote, Illinois sold for $1.9M in 2023. Us Route 52 is classified as Farm on Traded. Named participants on the Us Route 52 sale are Matthew (Matt) Hermes. This page is the Rote, Illinois file for the Us Route 52 farm sold: pricing, party profiles, and other closed farm comps from the same Rote sit in the Market section below. Filter that Rote farm set by closing date to see what else sold near Us Route 52 around 2023. Published consideration for Us Route 52 is $1.9M, dated 2023. Cite this Heartland Realty Sells 137.65-Acre Dixon Farm On US Route 52 For $1.93M sale when underwriting similar farm product around Rote, Illinois.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.21%
Cash-on-Cash
-2.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93