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Timothy Olsick & Debbie DeGroot Facilitate $1.1M Sale Of 5.09-Acre Land In New Lenox
SOLD
$1,100,000
Illinois
See Similar DealsLand
Sold 05/03/2024
SOLD
Timothy Olsick & Debbie DeGroot Facilitate $1.1M Sale Of 5.09-Acre Land In New Lenox
441 Degroate Road
See Similar DealsLand
Sold 05/03/2024
Summary
ILLINOIS
Asset Type:Land
Transaction Type:Sale
A 5.09-acre vacant land parcel located at 441 Degroate Road in New Lenox was sold for $1,100,000. The buyer, represented by Timothy Olsick of Olsick Realty, acquired the property with Debbie DeGroot of CRIS Realty acting as the seller's representative.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,100,000
- Address: 441 Degroate Road
- Market: New Lenox
- Asset Type: Land
- ACRES: 5.09
- Buyer's Rep: Timothy Olsick - Olsick Realty
- Seller's Rep: Debbie DeGroot - CRIS Realty
Timothy Olsick represented the buyer in the purchase of the 5.09-acre land parcel, while Debbie DeGroot acted as the seller's representative in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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