Daily limit: 0/10
Marquette Properties, Inc Acquires 240 Acres Of Land In Morris For $2.7M
SOLD
$2,688,895
Illinois
See Similar DealsLand
Sold 05/15/2023
SOLD
Marquette Properties, Inc Acquires 240 Acres Of Land In Morris For $2.7M
2160 Lynn Rd Morris, IL 60450, USA
See Similar DealsLand
Sold 05/15/2023
Summary
ILLINOIS
Asset Type:Land
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$143,407.73
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,553.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,746.73
Annual Debt Service$152,960.81
Is there something missing? Send suggestions