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Sale · Land

Updated Dec 4, 2024

Mary Susan Grahlherr Of Southern Realty Brokers Sale Of 278.34 Acres Farmland In Mount Vernon For $2.36M
SOLDLand

Mary Susan Grahlherr Of Southern Realty Brokers Sale Of 278.34 Acres Farmland In Mount Vernon For $2.36M

$2,361,610

Building Size

Asset Type

Land

Closing

Aug 30, 2024

About this deal

AI

This transaction involved the sale of 278.34 acres of land located at 0000 East Violet Road in Mount Vernon. The sale price was $2,361,610. The property comprises 276 tillable acres that are currently farmed with a rotation of corn, soybean, and wheat. There is potential for future building sites on the property.

Summary of transaction details:

Mary Susan Grahlherr represented the seller in this transaction, facilitating the sale of the property on East Violet Road in Mount Vernon. The land's agricultural capabilities and the potential for future development were significant factors in the transaction.

Players

Mary Susan Grahlherr

Southern Realty

Broker

$2.4M

vol

1 deal

Broker
SG
Southern Realty GroupBrokerage

Market Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.72%

Cash-on-Cash

-1.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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