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:
- Property Type: Land
- Transaction Amount: $2,800,000
- Market: Oswego
- Broker: Keith Warpinski - Brummel Properties
- Acres: 10.81
- Address: Orchard & Mill Road
Keith Warpinski from Brummel Properties represented the parties involved in the transaction.
Players
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