LandGuys, LLC Of Illinois Facilitates $5.7M Sale Of 800-Acre Land In Versailles, IL
971 100 Ave N
$5,657,000
Building Size
—
Asset Type
Land
Closing
Dec 27, 2022
About this deal
AI
A land parcel located at 971 100 Ave N in Versailles, IL has recently been sold. The property spans approximately 800 acres and is classified as land. The sale of this property was facilitated by Adam Fencik, a representative from LandGuys, LLC of Illinois. The transaction took place on December 27, 2022, with the sale price amounting to $5,657,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $5,657,000
- Address: 971 100 Ave N, Versailles, IL
- Market: Versailles, IL
- Asset Type: Land
- Acres: 800
- Broker: Adam Fencik - LandGuys, LLC of Illinois
This transaction highlights the successful sale of a significant piece of land in Versailles, IL. Adam Fencik from LandGuys, LLC of Illinois played a pivotal role as the broker representing the buyer and seller. The sale price of $5,657,000 reflects the value of the 800-acre land parcel located at 971 100 Ave N. This transaction signifies a significant investment opportunity in the Illinois real estate market.
Players
Richland Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.80%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93