Marquette Properties, Inc Acquires 240 Acres Of Land In Morris For $2.7M
2160 Lynn Rd Morris, IL 60450, USA
$2,688,895
Building Size
—
Asset Type
Land
Closing
May 15, 2023
About this deal
AI
Marquette Properties, Inc facilitated the sale of a 240-acre land located at 2160 Lynn Road in Morris. The transaction was completed on 05/15/2023, with a sale price of $2,688,895.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,688,895
- Address: 2160 Lynn Road
- Market: Morris
- Broker: Peter Fleming & Michael Fleming - Marquette Properties, Inc
Michael Fleming and Peter Fleming, representing Marquette Properties, Inc, acted as the brokers in this land sale transaction. They successfully facilitated the deal, ensuring a smooth transfer of ownership for the buyer and seller.
Players
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Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.90%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93