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Orchard & Mill Road

Updated Dec 4, 2024

Keith Warpinski Of Brummel Properties Sells Orchard & Mill Road Land For $2.8M
SOLDLand

Keith Warpinski Of Brummel Properties Sells Orchard & Mill Road Land For $2.8M

$2,800,000

Building Size

Asset Type

Land

Closing

Jul 2, 2024

About this deal

AI

The property located at Orchard & Mill Road in Oswego, Illinois, was sold for $2,800,000. It features a prime 10.81-acre commercial site at a high-traffic signalized intersection. The property boasts extensive road frontage, utilities, and includes a concept plan, strategically positioned in a rapidly growing area with nearby residential developments recently approved by the Village of Oswego.

Summary of transaction details:

Keith Warpinski from Brummel Properties represented the parties involved in the transaction.

Players

Keith Warpinski

Brummel Properties

Broker

$4M

vol

2 deals

Broker

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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